Brio Consultants, LLC (San Francisco)

Brio Consultants, LLC is a large advisory firm based in San Francisco. It manages $369.17 million of regulatory assets for 2,178 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Massachusetts, New York, and 3 other states.

Brio Consultants 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 prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Brio Consultants: assets under management

The assets under management (AUM) of Brio Consultants, LLC is $369.17 million. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $306.1 million in discretionary accounts and $63.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $178.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $135.64 thousand.

Brio Consultants has custody of $137.44 million in cash and securities for 480 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brio Consultants, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Brio Consultants serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Brio Consultants is high net worth individuals with 100 clients and $223.29 million of assets under management. Among the 11 most similar advisory firms, Brio Consultants has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $369.17 million for 698 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Brio Consultants doesn't advise any private funds.

Careers at Brio Consultants, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 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
Brandon Jay Miller	Managing member	1 Oct 2017	75% - 100%	4125554
Jay Steven Zalewski	Chief compliance officer	1 Oct 2017	Other	6658009

Based in San Francisco

The principal office where Brio Consultants, LLC performs its advisory services is located at 19 Sutter Street, San Francisco, CA 94104 The mailing address of the firm is 19 Sutter Street, San Francisco, CA 94104. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-623-2450. The normal business hours are 8am - 5pm on Monday - Friday.