Bakeravenue

CRD#132657
Investment Advisor Firm

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Learn more about Bakeravenue

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Bakeravenue is located at 301 Battery Street, San Francisco, CA. The firm employs 24 financial advisors to manage client portfolios and provide financial guidance. Bakeravenue is not a registered broker-dealer.

    Bakeravenue oversees $2.6 billion in assets under management across 2,688 accounts, of which 2,581 are discretionary and 107 are non-discretionary. Over the past year, the firm has provided financial planning services to between 26 and 50 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars. The firm caters to retail investors, high net worth investors, charitable organizations, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Bakeravenue includes asset-based and fixed fees. The firm has 541 high net worth clients.

    Bakeravenue is registered in the states of Arizona, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Washington.

    Assets Under Management

    $2.6 billion

    Number of Advisors

    24

    Disclosures

    No

    Office Location

    301 Battery Street
    San Francisco, CA 94111

    Bakeravenue by the Numbers

    Total Assets Under Management

    $2.6 billion

    National Average: $8.6 billion
    Total Number of Employees

    38

    National Average: 64
    Total Number of Accounts

    2,688

    National Average: 375,227
    Average Account Size

    $964.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Bakeravenue provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars. In the prior financial year, Bakeravenue provided financial planning services to 26-50 of its customers. The Company does not sell products or offer services apart from investment advisory services to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advice typically are based on the type of services provided. Fees charged by Bakeravenue can include any combination of the following fee structures: asset-based or fixed.

    Available

    • Offered by 69% 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 32% of firms

      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.

    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 26% of firms that offer this fee type

      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.

    • 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 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 firm provides services to retail investors, high net worth investors, charitable organizations, and corporations. Out of its 4 clients, Bakeravenue's largest client type by number of accounts is high net worth investors, although it also serves 541 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 65.42%
    • Other Individuals - 32.16%
    • Corporations - 1.57%
    • Charitable Organizations - 0.85%

    * 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

    Bakeravenue does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Bakeravenue

    Dong-Hwan Hong
    San Francisco, CA
    Glen Rives
    Houston, TX
    Julia Bialek
    New York, NY
    Tom Ngo
    San Diego, CA
    Matthew Munro
    San Francisco, CA
    Sheila Rabaut
    San Francisco, CA
    Michael Dunn
    San Diego, CA
    Erik Gholtoghian
    San Francisco, CA
    Doug Couden
    San Francisco, CA

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