Beam Asset Management, LLC (Covington)

Name: Beam Asset Management, LLC
Address: 72096 Ramos Avenue, Covington, LA, 70433
Telephone: 985-893-1440

Beam Asset Management, LLC is a large advisory firm based in Covington. It manages $444.15 million of regulatory assets for 2,118 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Arkansas, California, and 21 other states.

Beam Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, market timing services, educational seminars and workshops, and estate planning. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Beam Asset Management: assets under management

The assets under management (AUM) of Beam Asset Management, LLC is $444.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $7.54 million of the total AUM is attributable to clients outside of the United States.

The firm manages $444.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $209.7 thousand each.

Beam Asset Management has custody of $87.01 million in cash and securities for 162 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 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beam Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Scott Edward Bordelon 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 Scott Edward Bordelon is high net worth individuals with 128 clients and $222.98 million of assets under management. Among the 11 most similar advisory firms, Beam Asset Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $444.15 million for 1,082 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.

Beam Asset Management doesn't advise any private funds.

Careers at Beam Asset Management, LLC

The company employs 26 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 26 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Scott Edward Bordelon has been acting as President since 1 Apr 2018. Albert Larry Lock joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Amy Lynn Betts	Chief compliance officer	1 Mar 2015	Other	4154449
Scott Edward Bordelon	President	1 Apr 2018	50% - 75%	733645
Albert Larry Lock	Member	1 Apr 2018	25% - 50%	720227
Steven Michael Hollis	Chief financial officer	1 Apr 2018	Other	1221707

Based in Covington

The principal office where Beam Asset Management, LLC performs its advisory services is located at 72096 Ramos Avenue, Covington, LA 70433, which is also the mailing address of the firm. An additional office of the firm is in Columbus, MS. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 985-893-1440 or by fax 888-453-5977. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at fimadvisors.com.