Broadmark Asset Management LLC

CRD#109422
Investment Advisor Firm

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Overview

Broadmark Asset Management LLC operates as a financial advisor firm that has its headquarters in San Francisco, California. The company administers $1.4 billion in total assets throughout seven customer accounts, placing it among the largest investment advisory firms in the United States by assets under management (AUM). The firm has a small team, including 4 financial advisors. Broadmark Asset Management LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments such as equities, bonds and options.

Broadmark Asset Management LLC manages more than half of the firm's accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make transaction judgments without requiring the client's authorization. The firm also has one non-discretionary accounts with a total of $956.2 million in assets. Broadmark Asset Management LLC's typical account size is $205.4 million. The average advisor at Broadmark Asset Management LLC administers around two client accounts, placing it among the most personalized advisor firms in the country.

The company's headquarters is located at 1808 Wedemeyer Street, San Francisco, California 94129. The firm is legally registered to serve clients in the state of California.

Assets Under Management

$1.4 billion

Number of Advisors

4

Disclosures

No

Office Location

1808 Wedemeyer Street
San Francisco, CA 94129

Broadmark Asset Management LLC by the Numbers

Total Assets Under Management

$1.4 billion

National Average: $9.0 billion
Total Number of Employees

8

National Average: 71,771
Total Number of Accounts

7

National Average: 4,329
Average Account Size

$205.4 million

National Average: $2.1 million

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Fee Structure

Financial advisory fees largely depend on which services are provided. However, fees billed by the company likely include some combination of the following fee types: asset-based or performance-based. The company participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 70% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 33% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company provides services to investment companies. Out of its seven clients, Broadmark Asset Management LLC's biggest client group is investment companies. None of the firm's clients reside abroad.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Broadmark Asset Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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