Bay Cliadakis & Associates, LLC (Chico)

Name: Bay Cliadakis & Associates, LLC
Address: 1074 E. Ave. Suite T1, Chico, CA, 95926
Telephone: 530-924-0110

Bay Cliadakis & Associates, LLC is an adviser based in Chico. It manages $49.08 million of regulatory assets for 202 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California and Texas.

Bay Cliadakis & Associates 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.

Bay Cliadakis & Associates: assets under management

The assets under management (AUM) of Bay Cliadakis & Associates, LLC is $49.08 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $43.91 million in discretionary accounts and $5.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $218.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.17 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bay Cliadakis & Associates, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Bay Cliadakis & Associates serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bay Cliadakis & Associates is high net worth individuals with 25 clients and $26.44 million of assets under management. Among the 2 most similar advisory firms, Bay Cliadakis & Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $49.08 million for 130 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bay Cliadakis & Associates doesn't advise any private funds.

Careers at Bay Cliadakis & Associates, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Miste Lee Cliadakis	Managing member & chief compliance officer	1 Apr 2019	50% - 75%	4053534
Steven Harry Cliadakis	Managing member	1 Apr 2019	50% - 75%	6101428

Based in Chico

The principal office where Bay Cliadakis & Associates, LLC performs its advisory services is located at 1074 E. Ave. Suite T1, Chico, CA 95926, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 530-924-0110. The normal business hours are 8am-5pm monday - thursday; 8am - 2pm friday on Monday - Friday. You can find more information about the New York firm at altumwealth.com and its LinkedIn profile.