Bam Advisor Services, LLC (St. Louis)

Name: Bam Advisor Services, LLC
Address: 8182 Maryland Avenue, St. Louis, MO, 63105
Telephone: 314-725-0455

Bam Advisor Services, LLC is a large advisory firm based in St. Louis. It manages $19.39 billion of regulatory assets for 61,832 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Bam Advisor Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and turnkey asset management provider. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bam Advisor Services: assets under management

The assets under management (AUM) of Bam Advisor Services, LLC is $19.39 billion. The firm's AUM has grown by 1490% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.68 billion in discretionary accounts and $15.72 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $578.65 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $283.33 thousand.

Bam Advisor Services has custody of $5.46 billion in cash and securities for 18,840 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bam Advisor Services, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven Harvey Funk serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Steven Harvey Funk is high net worth individuals with 3,147 clients and $6.91 billion of assets under management. Among the 13 most similar advisory firms, Bam Advisor Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $16.84 billion for 26,589 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.

Bam Advisor Services doesn't advise any private funds.

Careers at Bam Advisor Services, LLC

The company employs 452 people that are either part- or full-time employees. 12 percent of the employees work as investment advisers or researchers. 52 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Steven Harvey Funk has been acting as President since 1 Feb 2007. Jared Hardin Kizer has served as the Chief Investment Officer since 1 Jan 2015. Alexander Bennett Potts joined the executive team most recently as the Chair, Advisor Services.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mont Seasongood Levy	Member of board of managers	1 Feb 2007	Other	2718500
Larry Edward Swedroe	Member of board of managers	1 Feb 2007	Other	2766265
Vladimir Masek	Member of board of managers	1 Feb 2007	Other	4542988
Llc Focus Operating	Member (manager)	1 Feb 2007	75% - 100%	20-8161914
Bert Schweizer	Managing director	1 Feb 2007	Other	2508120
Stuart J. Zimmerman	Managing director	1 Feb 2007	Other	4354021
Joseph Henry Hempen	Managing director	1 Feb 2007	Other	1489690
Kenneth Alan Katzif	Managing director	1 Feb 2007	Other	4627858
Steven Harvey Funk	Director	1 Feb 2007	Other	2577559
Edward Karl Goldberg	Director	1 Feb 2007	Other	2669958
Paul Steven Forman	Director	1 Feb 2007	Other	1198450
Susan Lynn Shackelforddavis	Director	1 Feb 2007	Other	874696
Robert Frederick Gellman	Director	1 Feb 2007	Other	4542961
Stephen Jay Lourie	Director	1 Feb 2007	Other	5295402
Stuart Joseph Zimmerman	Managing director	1 Feb 2007	Other	4354021
Bert (Nmn) Schweizer	Managing director	1 Feb 2007	Other	2508120
Vladimir (Nmn) Masek	Director	1 Feb 2007	Other	4542988
Susan Lynn Shackelford Davis	Principal	1 Feb 2007	Other	874696
Adam Lawrence Birenbaum	Member of board of managers, chief executive officer	1 Jan 2009	Other	4704552
Ernest Lee Clark	Director	1 Jan 2009	Other	4581396
Brenda Christine Witt	Director, director of finance	1 Jan 2009	Other	5639554
Alfred Sears	Member of board of managers, chief operating officer	1 Jan 2011	Other	4554558
Jeffrey Scott Remming	Member of board of managers, president	1 Jan 2011	Other	4299505
Joseph Shawn Goldberg	Principal	1 Jan 2011	Other	4542979
Madaline Ann Creehan	Principal	1 Jan 2011	Other	4611017
Thelia Ann Eagan	Principal	1 Jan 2012	Other	4499078
Brent Michael Thomas	Principal	1 Jan 2012	Other	2351353
Robert Gene Kresek	Principal	1 Oct 2012	Other	2441476
Jovita Ruiz Honor	Principal	1 Oct 2012	Other	3098129
Daniel Everett Haynes	Chief compliance officer	1 Nov 2012	Other	6164667
Jared Scott Hoffman	Director of operations	1 Jan 2013	Other	6316297
Shannon O'toole Kuhlman	Member of board of managers, chief talent officer	1 Jan 2013	Other	6316470
Jared Hardin Kizer	Principal	1 Jan 2013	Other	4636473
David William Levin	Member of board of managers	1 Mar 2013	Other	6316062
Daniel Mark Anderson	Director of accounting	1 Jan 2014	Other	6315965
Jared Hardin Kizer	Chief investment officer	1 Jan 2015	Other	4636473
Salvatore John Papa	General counsel and chief compliance officer	1 Jun 2015	Other	6518851
Alexander Bennett Potts	Chair, advisor services	1 Dec 2018	Other	1765245
Michael Ray Clinton	President, advisor services	1 Dec 2018	Other	2721577

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	135263
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
L.P. Summit Ventures Via	Member	1 Jan 2006	50% - 75%	04-3540853
L.P. Summit Ventures Vi A	Member	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Dec 2006	75% - 100%	16-1728260
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Centerbridge Associates Ii	General partner	1 Jul 2013	Other	27-3060145
L.P Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in St. Louis

The principal office where Bam Advisor Services, LLC performs its advisory services is located at 8182 Maryland Avenue, St. Louis, MO 63105, which is also the mailing address of the firm. An additional office of the firm is in San Jose, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-725-0455 or by fax 314-725-7022. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bamadvisorservices.com.