Bedell Frazier Investment Counselling, LLC. (Walnut Creek)

Name: Bedell Frazier Investment Counselling, LLC.
Address: Two Walnut Creek Center, Walnut Creek, CA, 94596
Telephone: 925-932-0344

Bedell Frazier Investment Counselling, LLC. is a large advisory firm based in Walnut Creek. It manages $452.5 million of regulatory assets for 1,340 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.

Bedell Frazier Investment Counselling provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bedell Frazier Investment Counselling: assets under management

The assets under management (AUM) of Bedell Frazier Investment Counselling, LLC. is $452.5 million. The firm's AUM has grown by 48% since the beginning of its operation, and $4.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $451 million in discretionary accounts and $1.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $337.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $375 thousand.

Bedell Frazier Investment Counselling has custody of $292 million in cash and securities for 343 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in investment grade corporate bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bedell Frazier Investment Counselling, LLC. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Gray Frazier serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Gray Frazier is high net worth individuals with 154 clients and $332 million of assets under management. Among the 12 most similar advisory firms, Bedell Frazier Investment Counselling has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $452.5 million for 430 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bedell Frazier Investment Counselling doesn't advise any private funds.

Careers at Bedell Frazier Investment Counselling, LLC.

The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Gray Frazier has been acting as President since 1 Feb 2013. Meredith Miriam Rosen joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Judith Anne Bedell	President	1 Apr 2000	50% - 75%	4374618
Michael Gray Frazier	Vice president	1 Jan 2004	25% - 50%	3206971
Judith Anne Bedell	Chief compliance officer	1 Jan 2006	50% - 75%	4374618
Michael Alan Harris	Director of research & trading	1 Aug 2006	Other	6269192
Michael Gray Frazier	President/chief compliance officer	1 Feb 2013	25% - 50%	3206971
Judith Anne Bedell	Founder	1 Feb 2013	50% - 75%	4374618
Meredith Miriam Rosen	Chief operating officer	1 May 2013	Other	6193153

Based in Walnut Creek

The principal office where Bedell Frazier Investment Counselling, LLC. performs its advisory services is located at Two Walnut Creek Center, Walnut Creek, CA 94596, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-932-0344 or by fax 925-932-8216. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at bedellinvest.com.