Baker Street Advisors, LLC (San Francisco)


Baker Street Advisors, LLC is a large advisory firm based in San Francisco. It manages $8.18 billion of regulatory assets for 3,621 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Louisiana, Massachusetts, and 4 other states.

Baker Street Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Baker Street Advisors: assets under management

The assets under management (AUM) of Baker Street Advisors, LLC is $8.18 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2625% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $8.18 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.26 million each.
Baker Street Advisors has custody of $2.73 billion in cash and securities for 190 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 35% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 26% of the firm’s portfolio. Investments in exchange traded securities form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Baker Street Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edward Huggins Fine serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Edward Huggins Fine is high net worth individuals with 325 clients and $7.96 billion of assets under management. Among the 9 most similar advisory firms, Baker Street Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $8.18 billion for 335 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.

Baker Street Advisors doesn't advise any private funds.

Careers at Baker Street Advisors, LLC

The company employs 42 people that are either part- or full-time employees. 21 percent of the employees work as investment advisers or researchers. No 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.

Edward Huggins Fine has been acting as President since 1 Oct 2006. Heather Leigh Pelant joined the executive team most recently as the Managing Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeffrey Wayne Colin Managing member 1 Sep 2003 50% - 75% 2178931
Thomas Lawrence Hershner Partner 1 Jan 2004 25% - 50% 1232062
Michael Vandenakker Partner 1 Feb 2004 25% - 50% 4489629
Catherine Less Vice-president 1 Feb 2004 Other 2251195
Rhonda Lee Thomas Vice-president 1 Feb 2004 Other 4782481
Rhonda Lee Thomas Vice-president 1 Jun 2004 Other 4782481
Patrick Michael Burke Vice president 1 Jun 2005 Other 5114073
Edward Huggins Fine Director 1 Oct 2006 Other 5316088
Christopher John Wilkens Partner 1 Mar 2007 Other 2510043
Thomas Lawrence Hershner Chief compliance officer 1 Mar 2007 25% - 50% 1232062
Ann Cook Thalman Sr. vice president/coo 1 Jan 2008 Other 5477972
Thomas Lawrence Hershner Member 1 Oct 2010 25% - 50% 1232062
James Edward Milligan Managing director 1 Feb 2011 Other 1777332
Jennifer Lynn Bonvechio Sr. vice president/cco 1 Jan 2014 Other 4369926
Llc Watson Acquisition Member 1 Apr 2015 50% - 75% 45-1211980
Heather Leigh Pelant Managing director 1 Dec 2016 Other 3042529
Wendy Anne Umphrey Managing director 1 Dec 2016 Other 4749938

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Affiliated Managers Group Partner 1 Mar 2011 75% - 100% 04-3218510
Llc Amg Wp Lp Holdings Limited partner 1 Mar 2011 75% - 100% 46-1924266
Amg Wp Gp Holdings Corp. General partner 1 Dec 2011 Other 46-0984304
Inc. Affiliated Managers Group Sole shareholder 1 Dec 2011 75% - 100% 04-3218510
Lp Amg Wealth Partners Member 1 Jan 2015 75% - 100% 45-1211980

Based in San Francisco

The principal office where Baker Street Advisors, LLC performs its advisory services is located at 455 Market Street, San Francisco, CA 94105, 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 415-344-6180 or by fax 415-344-6190. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bakerstreetadvisors.com/.