Broadview Advisors, LLC (Milwaukee)

Name: Broadview Advisors, LLC
Address: 330 East Kilbourn Avenue, Milwaukee, WI, 53202
Telephone: (414) 918-3900

Broadview Advisors, LLC is a large advisory firm based in Milwaukee. It manages $402.04 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Wisconsin.

Broadview Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Broadview Advisors: assets under management

The assets under management (AUM) of Broadview Advisors, LLC is $402.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 61% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $402.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $25.13 million each.

Broadview Advisors has custody of $43.6 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Broadview Advisors, LLC for their services and products based on a percentage of assets under management and performance-based 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.

What kind of clients Broadview Advisors serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Broadview Advisors is investment companies with 1 clients and $285.5 million of assets under management. Among the 11 most similar advisory firms, Broadview Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $402.04 million for 16 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.

Broadview Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Broadview Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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
Richard Edmond Lane	President, manager and member	1 Feb 2001	50% - 75%	1059051
Faraz Farzam	Portfolio manager and member	1 Feb 2001	Other	2952474
Richard James Whiting	Manager of trading department, portfolio manager and member	1 Feb 2001	Other	1249904
Glenn Warren Primack	Vice president and member	1 Feb 2001	25% - 50%	2866429
Aaron J Garcia	Portfolio manager and member	1 Nov 2003	Other	5360683
Owen Leslie Hill	Vice president and chief compliance officer	1 Oct 2004	Other	245908
Angela Lynne Pingel	General counsel and chief compliance officer	1 Jul 2015	Other	2491229

Based in Milwaukee

The principal office where Broadview Advisors, LLC performs its advisory services is located at 330 East Kilbourn Avenue, Milwaukee, WI 53202, 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 (414) 918-3900 or by fax (414) 434-3984. The normal business hours are 8:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at broadviewadvisors.com/.