Burton Enright Welch (Walnut Creek)

Name: Burton Enright Welch
Address: 1850 Mt. Diablo Boulevard, Walnut Creek, CA, 94596
Telephone: (925) 932-8010

Burton Enright Welch is a large advisory firm based in Walnut Creek. It manages $675.29 million of regulatory assets for 1,276 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Florida, Oregon, and Texas.

Burton Enright Welch provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Burton Enright Welch: assets under management

The assets under management (AUM) of Burton Enright Welch is $675.29 million. The firm's AUM has grown by 398% since the beginning of its operation, and $462.16 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $585.5 million in discretionary accounts and $89.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $509.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $707.01 thousand.

Burton Enright Welch has custody of $413.09 million in cash and securities for 380 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Burton Enright Welch for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Burton Enright Welch serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Burton Enright Welch is high net worth individuals with 240 clients and $448.26 million of assets under management. Among the 11 most similar advisory firms, Burton Enright Welch has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $674.31 million for 529 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.

Burton Enright Welch doesn't advise any private funds.

Careers at Burton Enright Welch

The company employs 11 people that are either part- or full-time employees. 55 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Pmb Asset Management	Partner	1 Jan 2010	25% - 50%	27-1625954
Rde Asset Management	Partner	1 Jan 2010	25% - 50%	27-1626047
Jaw Asset Management	Partner	1 Jan 2010	25% - 50%	27-1626133
Benjamin Ross Peters	Chief compliance officer	1 Jan 2015	Other	6260565

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Daniel Enright	President	1 Jan 2010	75% - 100%	736439
Peter Michael Burton	President	1 Jan 2010	75% - 100%	1609642
Jeremy Adam Welch	President	1 Jan 2010	75% - 100%	4812552

Based in Walnut Creek

The principal office where Burton Enright Welch performs its advisory services is located at 1850 Mt. Diablo Boulevard, Walnut Creek, CA 94596, 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 (925) 932-8010 or by fax (925) 932-8048. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bewinvest.com and its LinkedIn profile.