Belpointe Asset Management, LLC
With 111 offices across the country, Belpointe Asset Management, LLC manages more than $1.7 billion in assets. The firm's principal supervisory office is in Phoenix, Arizona, and the firm is on SmartAsset's top financial advisor lists for both Phoenix and Arizona. (That said, the firm's headquarters are in Greenwich, Connecticut.)
Advisors provide customized portfolio management services. Belpointe also offers two wrap fee programs: the Tactical Integration Program and the Collaborative Investment Program.
Belpointe Asset Management Background
Belpointe Asset Management formed in 2007. It’s indirectly owned by Gregory H. Skidmore and Brandon Lacoff through Belpointe Financial Holdings, LLC. Skidmore, who founded Belpointe Asset Management, has nearly 20 years of experience in the investment advisory industry.
The firm is affiliated with Belpointe Wealth Management, Belpointe REIT, Belpointe Specialty Insurance and Greenwich Legal Associates.
Belpointe Asset Management Client Types and Minimum Account Sizes
Belpointe Asset Management advises individual investors, corporations, investment companies and trusts. You don’t need to meet a minimum asset level to open an account with the firm.
Services Offered by Belpointe Asset Management
Financial advisor representatives offer advice about such investment goals as:
- Funding your child’s education through 529 college savings plans and other vehicles
- Saving for retirement
- Growing assets
- Income planning
In addition to financial planning, the firm provides investment management services on a discretionary basis Its investing strategies offer exposure to various sectors including domestic, international and emerging markets. These strategies are available through the firm’s Tactical Integration Program (TIP) and Collaborative Investment Program (CIP), both of which are wrap fee.
Belpointe Asset Management Investing Strategies
Belpointe Asset Management engages in various model-based and computer-assisted strategies. Advisors, though, are free to customize as they see fit, typically combining different strategies. Some of the more common strategies include:
Market Tracker (formerly Asset Class Beta): This strategy uses passively managed and index funds to create diversified portfolios targeted to goals such as estimated ate of retirement.
Alpha Select: Seeking to outperform the S&P 500, this actively managed portfoliio uses technical analysis, quantitative research and fundamental research to select securities. It's focused on equities and is not tax efficient.
Tactical Strategy: This strategy, according to the firm, "seeks to use changes in the price of securities to reduce investment risks and enhance returns over the long term." This strategy manages risk by "selling asset classes that are in a bearish trend."
Options Strategies: These strategies are used to either increase or decrease the risk in a portfolio. Typically, the firm says they include "buying of puts to hedge equity risk, writing covered calls for income generation, and buying calls as an equity substitute."
Relative Strength, Momentum and Strength Rotation: Underlying this strategy is the belief that market and sector forces are the primary drivers of portfolio performance. This strategy is concentrated in equities, "tactically allocating to market sectors that demonstrate superior relative performance," the firm states.
Fees Under Belpointe Asset Management
Belpointe Asset Management may charge fees based on a percentage of assets under management (AUM), as a fixed fee or on an hourly basis. Asset-based fees are negotiable and the firm says they won’t surpass 2.50%. They are calculated on an annualized percentage of AUM, assessed quarterly and in advance. Alternately, you could pay by the hour, with the maximum rate being $300 per hour.
The maximum fee is on the high side compared to the industry average of 0.95%, according to a 2018 study of 1,500 firms by RIA in a Box. Learn more about advisors' typical costs here. That said, the firm says that the fee is typically less than the max.
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at Belpointe Asset Management*|
|Your Assets||Belpointe Asset Management Fee Amount|
|$500K||$12,500 or less|
|$1MM||$25,000 or less|
|$5MM||$125,000 or less|
|$10MM||$250,000 or less|
For financial planning, you can either pay hourly or negotiate a fixed fee. Pro-rata fees will be assessed in the event your advisory agreement is executed other than the first day of the new calendar quarter.
Because the firm sponsors two wrap-fee investment management programs, these fees typically would cover portfolio management and administrative expenses. But the wrap fee may not include other fees not paid to the firm but which would affect your account regardless. These may include the following:
- SEC fees
- Exchange fees
- Advisory fees and administrative fees charged by third party, unaffiliated mutual funds, exchange-traded funds (ETFs) or other investment products
- Custodial fees
- Deferred sales charges (on mutual funds or annuities)
- Odd-lot differentials
- Deferred sales charges (charged by mutual funds)
- Transfer taxes
- Wire transfer and electronic fund processing fees
- Commissions or mark-ups / mark-downs on security transactions, among others that may be incurred
- Early settlement when selling a security
- Mutual fund early redemption fees and other services provided by the custodian / broker-dealer
What to Watch Out For
Belpointe Asset Management reported no disclosures of legal or disciplinary action in its latest SEC filing.
One thing to note: Some investment advisor representatives of Belpointe Asset Management may be affiliated with other financial services firms. These other affiliations may pose potential conflicts of interest. With every recommendation, clients should know the basis and whether and how the advisor and firm may benefit.
Opening an Account With Belpointe Asset Management
To contact the firm, submit your email to the firm on its website. Alternately, you can call the Greenwich office at (203) 629-3300 or send an email to email@example.com.
All information was accurate as of the writing of this article.
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- Ask if candidates adhere to the fiduciary duty of always putting clients' interests first. Ideally, you want someone who answers yes. But there are advisors who, in their other capacities, only have to recommend what's suitable, rather than what's in their clients' best interest.