Bird Rock Asset Management, LP. (Austin)


Bird Rock Asset Management, LP. is a large advisory firm based in Austin. It manages $179.46 million of regulatory assets for 331 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Texas.

Bird Rock Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bird Rock Asset Management: assets under management

The assets under management (AUM) of Bird Rock Asset Management, LP. is $179.46 million. The firm's AUM has grown by 585% since the beginning of its operation, and $467.43 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $74.92 million in discretionary accounts and $104.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.98 million.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is other assets, which make up 48% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bird Rock Asset Management, LP. 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 Bird Rock Asset Management serves?

The firm provides services to individuals, investment companies, other investment advisers, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Bird Rock Asset Management is high net worth individuals with 4 clients and $128.25 million of assets under management. Among the 9 most similar advisory firms, Bird Rock Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $179.46 million for 147 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bird Rock Asset Management doesn't advise any private funds.

Careers at Bird Rock Asset Management, LP.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Gustavo Jose Artaza Limited partner 1 Apr 2006 Other 5137589
Stephen Kenneth Levy President, chief compliance officer, limited partner 1 Apr 2006 50% - 75% 3259220
Llc Birdrock Asset Management Company General partner 1 Apr 2006 Other 204803296
Heather Marie Justman Chief financial officer, limited partner 1 Dec 2007 25% - 50% 5490825
Christina Marie Cannella Managing director, asst. chief investment officer, limited partner 1 Jul 2008 Other 3179327

Based in Austin

The principal office where Bird Rock Asset Management, LP. performs its advisory services is located at 9433 Bee Cave Rd, Austin, TX 78733, 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 512-236-0071 or by fax 512-430-1346. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at birdrockam.com.

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