Bellatore Financial, Inc. (San Jose)

Name: Bellatore Financial, Inc.
Address: 6203 San Ignacio Avenue, San Jose, CA, 95119
Telephone: (877) 285-3696

Bellatore Financial, Inc. is a large advisory firm based in San Jose. It manages $462.39 million of regulatory assets for 1,782 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 19 other states.

Bellatore Financial provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bellatore Financial: assets under management

The assets under management (AUM) of Bellatore Financial, Inc. is $462.39 million. The firm's AUM has gone down by -29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $51.64 million in discretionary accounts and $410.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.88 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $276.6 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bellatore Financial, Inc. 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 Bellatore Financial serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bellatore Financial is high net worth individuals with 136 clients and $305.45 million of assets under management. Among the 7 most similar advisory firms, Bellatore Financial has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $462.39 million for 709 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bellatore Financial doesn't advise any private funds.

Careers at Bellatore Financial, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Henry John Pizzutello has served as the Chief Investment Officer since 1 May 2019. Robert Barclift Borden joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Joseph Scheid	Executive vice president	1 Mar 2007	Other	3150147
Denis Neil Houser	Vice president	1 Mar 2007	Other	1640242
Albert Gerald Steele	President, ceo	1 Mar 2007	Other	4863207
Patricia Lynn Doerksen	Executive vice president	1 Mar 2007	Other	5384372
Llc Bellatore	Shareholder	1 Jul 2007	75% - 100%	87-0806329
Frank Edward Pare	Chief compliance officer	1 Jul 2007	Other	2098302
Jonathan Joseph Scheid	President, cio, cco, board member	1 Sep 2008	Other	3150147
Patricia Lynn Doerksen	Executive vice president	1 Sep 2008	Other	5384372
Nicholas Labao	Chief financial officer	1 Oct 2008	Other	5624167
Nicholas Magkawas Labao	Chief financial officer	1 Oct 2008	Other	5624167
Molly Reyes Pandya	Vp operations and i.t.	1 Nov 2008	Other	2907347
Patricia Lynn Doerksen	Chief administrative officer	1 Dec 2008	Other	5384372
Larry Cowen	Chief compliance officer	1 Jan 2009	Other	5006593
Lawrence (Nmn) Cowen	General counsel/chief compliance officer	1 Jan 2009	Other	5006593
Llc Torebell Merger	Sole shareholder	1 Feb 2010	75% - 100%	27-1923902
Inc. Bella Fund Holdings	Shareholder	1 Nov 2010	50% - 75%	56-2571217
Larry Arlen Harvey	Ceo, chairman of the board	1 Nov 2010	Other	1483362
Carl Heinz Reinhardt	Shareholder	1 Nov 2010	Other	373659
Lawrence (Nmn) Cowen	Secretary and board member	1 Nov 2010	Other	5006593
Inc. Bellatore Holdings	Shareholder	1 Nov 2010	50% - 75%	56-2571217
Nicholas Magkawas Labao	Treasurer and board member	1 Nov 2010	Other	5624167
Walter Francis Burns	Shareholder	1 Dec 2011	Other	1410185
Michael Alan Dixon	Shareholder	1 Dec 2011	Other	1767122
Stephanie Lynne Bogan	Board member	1 Sep 2014	Other	6470768
Charles Edward Deases	Board member	1 Sep 2014	Other	6774054
Kevin Gregory Bruce	President, cio, cco	1 Jun 2018	Other	4460048
Robert Barclift Borden	Chief compliance officer	1 Dec 2018	Other	3093802
Henry John Pizzutello	Chief investment officer	1 May 2019	Other	1426098

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Phlcorp	Shareholder	1 Dec 1980	75% - 100%	23-2703589
Leucadia National Corporation	Shareholder	1 Oct 1992	75% - 100%	13-2615557
Albert Gerald Steele	President	1 Jul 2007	50% - 75%	4863207
Inc. Bella Fund Holdings	Shareholder	1 Jul 2007	50% - 75%	56-2571217
Inc. Baldwin Enterprises	Shareholder	1 Jul 2007	50% - 75%	84-0832314
Inc. Baldwin Enterprises	Member	1 Feb 2010	75% - 100%	84-0832314
Albert Gerald Steele	Chairman and president	1 Nov 2010	50% - 75%	4863207
Larry Arlen Harvey	Chairman and president	1 Dec 2013	50% - 75%	1483362

Based in San Jose

The principal office where Bellatore Financial, Inc. performs its advisory services is located at 6203 San Ignacio Avenue, San Jose, CA 95119, 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 (877) 285-3696 or by fax (866) 849-1079. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at bellatore.com.