Blakeslee & Blakeslee Financial Advisers Inc. (San Luis Obispo)

Name: Blakeslee & Blakeslee Financial Advisers Inc.
Address: 1101 Marsh St., San Luis Obispo, CA, 93401
Telephone: (805) 543-4366

Blakeslee & Blakeslee Financial Advisers Inc. is a large advisory firm based in San Luis Obispo. It manages $109.24 million of regulatory assets for 624 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California and Texas.

Blakeslee & Blakeslee Financial Advisers provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blakeslee & Blakeslee Financial Advisers: assets under management

The assets under management (AUM) of Blakeslee & Blakeslee Financial Advisers Inc. is $109.24 million. The firm's AUM has grown by 0% since the beginning of its operation, and $1.16 million of the total AUM is attributable to clients outside of the United States.

The firm manages $77 million in discretionary accounts and $32.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $191.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $145.22 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blakeslee & Blakeslee Financial Advisers Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Blakeslee & Blakeslee Financial Advisers serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Blakeslee & Blakeslee Financial Advisers is individuals with 373 clients and $59.05 million of assets under management. Among the 13 most similar advisory firms, Blakeslee & Blakeslee Financial Advisers has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $109.24 million for 405 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.

Blakeslee & Blakeslee Financial Advisers doesn't advise any private funds.

Careers at Blakeslee & Blakeslee Financial Advisers Inc.

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 7 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
Sam Norman Blakeslee	President & chief executive officer	1 Nov 2016	75% - 100%	2575749
Craig Stuart Darnell	Chief financial officer	1 Jan 2017	Other	4573977
Deirdre Michelle Torres	Chief operating officer & chief compliance officer	1 Jan 2019	Other	5361708

Based in San Luis Obispo

The principal office where Blakeslee & Blakeslee Financial Advisers Inc. performs its advisory services is located at 1101 Marsh St., San Luis Obispo, CA 93401, which is also the mailing address of the firm. An additional office of the firm is in Paso Robles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (805) 543-4366 or by fax (805) 543-4378. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mybbfa.com.