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.
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 firstname.lastname@example.org.
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.
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