Belmont Securities Inc. (Dallas)


Belmont Securities Inc. is a large advisory firm based in Dallas. It manages $418.16 million of regulatory assets for 472 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arkansas, California, Florida, and 19 other states.

Belmont Securities provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Belmont Securities: assets under management

The assets under management (AUM) of Belmont Securities Inc. is $418.16 million. The firm's AUM has gone down by -34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $400.29 million in discretionary accounts and $17.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $926.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $446.58 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Belmont Securities Inc. 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.

Careers at Belmont Securities Inc.

Harold William Lehmann has been acting as President since 1 Feb 1989. Belmont Trust Company joined the executive team most recently as the Direct Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Harold William Lehmann Director 1 Feb 1989 Other 1935918
Timothy Craig Wheeler Secretary/evp 1 Jun 1989 Other 2136562
Keith Watkins Kennedy Director 1 Aug 1992 Other 2319234
Belmont Financial Group Inc Shareholder/owner 1 Jan 1998 75% - 100% 75-2331435
Michael Dale Boswell Director 1 Dec 2000 Other 4336484
John Phillips Boone President 1 Jun 2002 Other 1050383
David Edwin Hoener President 1 Jul 2002 Other 1858176
Janet Elizabeth Peters Vice president 1 Dec 2003 Other xxx-xx-xxxx
Belmont Trust Company Shareholder 1 Jan 2004 75% - 100% 75-2829354
Belmont Trust Company Direct owner 1 Feb 2004 75% - 100% 75-2829354

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Belmont Financial Group Shareholder 1 Jan 2001 75% - 100% 75-2331435
John Freeman Eulich Shareholder 1 Jan 2002 75% - 100% 1909589
Dwfc Inc Shareholder 1 Jan 2002 75% - 100% 75-2201000
Inc. F/K/A Dwfc Inc Bfg Shareholder 1 Jan 2002 75% - 100% 75-2201000
Inc. Belmont Financial Group Shareholder 1 Jan 2002 75% - 100% 75-2331435

Based in Dallas

The principal office where Belmont Securities Inc. performs its advisory services is located at 2911 Turtle Creek Blvd., Ste 550, Dallas, TX 75219 6245, 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 214-559-9978 or by fax 214-520-7635. 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 www.belmontasset.com.