Beirne Wealth Consulting Services, LLC (Shelton)

Name: Beirne Wealth Consulting Services, LLC
Address: 3 Enterprise Drive, Shelton, CT, 06484
Telephone: 203-701-8606

Beirne Wealth Consulting Services, LLC is a large advisory firm based in Shelton. It manages $1.59 billion of regulatory assets for 1,514 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Colorado, Connecticut, and 16 other states.

Beirne Wealth Consulting Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Beirne Wealth Consulting Services: assets under management

The assets under management (AUM) of Beirne Wealth Consulting Services, LLC is $1.59 billion. The firm's AUM has grown by 257% since the beginning of its operation, and $3.03 million of the total AUM is attributable to clients outside of the United States.

The firm manages $354.43 million in discretionary accounts and $1.24 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $261.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.67 million.

Beirne Wealth Consulting Services has custody of $32.09 million in cash and securities for 32 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in pooled investment vehicles form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beirne Wealth Consulting 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.

What kind of clients John Oliver Beirne serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of John Oliver Beirne is state or municipal government entities with 39 clients and $1.19 billion of assets under management. Among the 9 most similar advisory firms, Beirne Wealth Consulting Services has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.59 billion for 550 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.

Beirne Wealth Consulting Services doesn't advise any private funds.

Careers at Beirne Wealth Consulting Services, LLC

The company employs 14 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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 receive compensation from other entities for client referrals.

John Oliver Beirne has been acting as President since 1 Jun 2018. The John Oliver Beirne 2012 Trust joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Operating	Member (manager)	1 Feb 2013	75% - 100%	20-8161914
John Anthony Beirne	Managing director	1 Feb 2013	Other	17064
John Oliver Beirne	Managing director	1 Feb 2013	Other	5737703
James Andrew Betzig	Chief compliance officer	1 Feb 2013	Other	2457078
Jerilyn Marie Shannon	Chief compliance officer	1 May 2013	Other	6190247
James Andrew Betzig	Partner and chief operating officer	1 May 2013	Other	2457078
Patricia Lynn Brady	Chief compliance officer and chief operating officer	1 Jan 2016	Other	2330553
Jerilyn Marie Shannon	Chief compliance officer	1 May 2018	Other	6190247
Elizabeth Garnto	Chief compliance officer	1 May 2018	Other	3208367
John Oliver Beirne	President	1 Jun 2018	Other	5737703
The John Oliver Beirne 2012 Trust	Owner	1 Jul 2018	50% - 75%	46-6468539
The Evan A. Beirne 2012 Trust	Owner	1 Jul 2018	25% - 50%	46-6465569

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
L.P. Summit Ventures Via	Member	1 Jan 2006	50% - 75%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-172860
Llc Focus Financial Partners	Member	1 Sep 2007	75% - 100%	16-172860
John Oliver Beirne	Trustee	1 Dec 2012	Other	5737703
John Joseph Barker	Trustee	1 Dec 2012	Other	1675864
Evan Beirne	Trustee	1 Dec 2012	Other	6986964
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Llc Trident Ffp Blocker	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703

Based in Shelton

The principal office where Beirne Wealth Consulting Services, LLC performs its advisory services is located at 3 Enterprise Drive, Shelton, CT 06484, which is also the mailing address of the firm. An additional office of the firm is in Allentown, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-701-8606 or by fax 203-701-8607. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at beirnewealth.com/.