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.
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 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. 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.
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.
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.
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.