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Bayview Asset Management

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Bayview Asset Management

Bayview Asset Management is a financial advisor firm headquartered in Coral Gables, Florida that manages nearly $33 billion in client assets. The firm’s client base is made up entirely of pooled investment vehicles and investment companies. That means that Bayview currently does not have individual clients. (If you're looking for an advisor firm that works with individual clients, our financial advisor matching tool can find one to meet your needs.)

Bayview Asset Management is a fee-only firm, meaning it earns income exclusively from the fees that its clients pay. This differentiates it from a fee-based firm, which can also earn commissions from insurance sales and security transactions.

Bayview Asset Management Background

Bayview Asset Management was founded in 2008 and has been doing business in Coral Gables, Florida ever since. It has offices in New York City and Urbandale, Iowa as well. The firm is principally owned by Bayview Asset Management Holdings, which is indirectly controlled by David Ertel. Ertel founded Bayview and has over 30 years’ experience in the financial services industry.

The firm has 105 advisory employees on staff between its three locations. Across this group there are a few professional advisory certifications such as chartered financial analyst (CFA) and certified public accountant (CPA).

What Types of Clients Does Bayview Asset Management Accept?

Bayview Asset Management’s client base is comprised solely of pooled investment vehicles and a single investment company. The firm doesn’t currently have any individual clients.

Bayview Asset Management Minimum Account Sizes

Bayview Asset Management doesn’t specify an account minimum in its Form ADV or on its website. However, note that the average account size is more than $840 million.

Services Offered by Bayview Asset Management

Bayview Asset Management offers discretionary investment management to private pooled investment vehicles and sub-advisor services to invest companies. The firm’s management of pooled investment vehicles can vary depending on the specific characteristics of the fund. Bayview does its own investment research and analysis and can provide an in-house loan-servicing platform.

Bayview Asset Management Investment Philosophy

Bayview Asset Management primarily invests in specific securities for certain types of funds. For funds the firm calls Bayview Opportunity Funds (BOF), the firm typically (but not exclusively) invests in residential and commercial whole loans; agency, non-agency and commercial mortgage-backed securities; and other credit-sensitive financial instruments.

For mortgage security rights (MSR) funds, the firm looks to achieve strong returns while maintaining income and capital appreciation. For these funds, Bayview typically invests in mortgage security rights, investments in asset-backed securities, mortgage-related agency bonds, interest-only securities, inverse interest-only securities, agency and non-agency mortgage-backed securities and mortgage-related credit, real estate derivatives and real estate-backed residential and commercial loans.

Fees Under Bayview Asset Management

Bayview typically charges its clients a percentage-based fee for investment management services. This fee is calculated on a quarterly basis and can range from 0.25% to 0.50% of the client’s net asset value at the beginning of the quarter. This translates to an annual fee of between 1.00% and 2.00%.

These charges are typically paid in advance each quarter that the client maintains ownership of their account. For the most part, all fees are deducted directly from assets within clients’ accounts.

What to Watch Out For

Bayview Asset Management focuses exclusively on managing the portfolios of its clients and does not offer financial planning services. So if access to financial planning is a deal-breaker for you, then you might be better off finding an advisor who offers financial planning services.

Disclosures

Bayview Asset Management doesn’t have any disclosures, meaning its legal record with the U.S. Securities & Exchange Commission (SEC) is clean.

Opening an Account With Bayview Asset Management

There are a few different ways you can get in touch with Bayview Asset Management. You can call the firm at (305) 854-8880, or you can email the firm at info@bayview.com.

Where Is Bayview Asset Management Located?

Bayview Asset Management is headquartered in Coral Gables, Florida on Ponce De Leon Boulevard, across the street from the Shops at Merrick Park.

Tips for Finding a Financial Advisor

  • Looking for a financial advisor who offers services to individual clients? Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • If you find that you don’t have quite enough money to meet the account minimums of many traditional advisors, then you may be interested in a robo-advisor. Robo-advisors often have lower minimums and fees while also helping you reach your investment and retirement goals.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research