Beringea, LLC (Farmington Hills)

Name: Beringea, LLC
Address: 32330 W. 12 Mile Road, Farmington Hills, MI, 48334
Telephone: 248-489-9000

Beringea, LLC is a large advisory firm based in Farmington Hills. It manages $439.01 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Michigan.

Beringea provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Beringea: assets under management

The assets under management (AUM) of Beringea, LLC is $439.01 million. The firm's AUM has grown by 155% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Beringea has custody of $400.37 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Beringea, LLC for their services and products based on a percentage of assets under management. 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 Beringea serves?

The only and largest group of clients of Beringea is pooled investment vehicles with 4 clients and $439.01 million of assets under management. Among the 12 most similar advisory firms, Beringea has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $439.01 million for 4 clients. None of the firm’s clients are foreign persons or businesses.

Beringea also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Beringea, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. No 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.

Beringea, LLC is owned by Malcolm Kennedy Moss. Leslie Ann Shipley joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Malcolm Kennedy Moss	Senior managing director/owner	1 Nov 2001	25% - 50%	6030514
Charles Philip Rothstein	Senior managing director/owner	1 Nov 2001	25% - 50%	1459508
Llc Spiro Investments	Shareholder	1 Nov 2001	25% - 50%	38-3618523
Gib (Uk) Capital Investments Limited	Shareholder	1 Nov 2001	Other	foreign
Hargreaves Lansdown	Shareholder	1 Nov 2001	Other	foreign
Steven Tuckley	Chief financial officer	1 May 2005	Other	6030996
Leslie Ann Shipley	Chief compliance officer	1 Jan 2012	Other	1635651

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Alexander Spiro	Shareholder	1 Nov 2001	25% - 50%	6031203
Nora Ann Spiro	Shareholder	1 Nov 2001	25% - 50%	6031239
Jammrac Llc	Shareholder	1 Nov 2001	25% - 50%	38-3633588
Gulf International Bank Uk Ltd.	Owner/shareholder	1 Nov 2001	75% - 100%	foreign
Peter Hargreaves	Shareholder	1 Nov 2001	25% - 50%	6031841
Gulf International Bank Bsc	Shareholder	1 Jan 2008	75% - 100%	foreign
Public Investment Fund	Shareholder	1 Jan 2008	75% - 100%	foreign

Based in Farmington Hills

The principal office where Beringea, LLC performs its advisory services is located at 32330 W. 12 Mile Road, Farmington Hills, MI 48334, 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 248-489-9000 or by fax 248-489-8819. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at beringea.com.