As an firm registered with the SEC we are required to provide certain information. All of this information is available to the public online here
Fees for investment management services are calculated as a percentage of assets under management. Fees are billed quarterly and in advance on the following fee Schedule:
If multiple accounts are managed for the same relationship, the fee will be calculated on a combined basis
BCM never has custody of your assets. We work with well known institutions such as Charles Schwab & Co, Union Bank of California and Morgan Stanley to hold your assets. You authorize BCM to trade on your behalf in these accounts.
A CFA certificate is one of the highest awards bestowed in the investment industry, and is an internationally recognized and respected designation. Furthermore, to receive the Chartered designation, the organization which administers the program, the CFA Institute (formerly known as AIMR – the Association for and Research) also requires an adherence to certain ethical standards and principles. The coursework for the program is generally considered to be “master’s level” and typically requires several hundred hours of study time per level. The failure rate for the level one exam remains around 66%, or nearly two-thirds. As of the beginning of 2016, there fewer than 120,000 people worldwide had earned the CFA credential. To use the Chartered designation, an individual must first have a bachelor’s degree and three years of practical experience in the investment industry. He or she must then pass a series of three, six-hour examinations. Passing these rigorous tests requires a comprehensive understanding of accounting, economics, and portfolio management, as well as successful demonstration of a high level of proficiency in the valuation and analysis of both equityand fixed-income securities.
The individual must then pass the CFP examination: a three-session, 10-hour exam. In addition to the education and examination requirements, the individual must have at least three years of full-time work experience in financial planning, as well as a bachelor’s degree.