BMB Advisers LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$610,667,592
Clients
30
Advisors
4
of 4 employees
About
BMB Advisers, LLC provides discretionary and non‑discretionary investment management and a referral-based independent-adviser program primarily for high-net-worth individuals, related trusts, estates, and retirement plan accounts, with a client base concentrated in the entertainment industry. The firm emphasizes portfolio management—primarily mutual funds, ETFs, and individual bonds—and does not position itself as a provider of standalone financial planning services.
BMB follows a long-term investment philosophy, favoring passive equity exposure through managed fund portfolios that typically comprise 6–10 funds and include low‑cost Dimensional Fund Advisors (DFA) funds; fixed‑income strategies commonly employ laddered individual bonds. For investors seeking more active or specialized strategies, the firm refers clients to independent third‑party advisers and tailors allocations and implementation to each client’s circumstances and risk tolerance.
Noteworthy aspects disclosed in the brochure include BMB’s affiliation with a longtime accounting firm (Freedman, Broder & Company), with many advisory clients referred from and shared with that accounting practice, and principals who split time between both businesses—arrangements that the firm discloses as creating referral and custody considerations. The firm also manages a relatively small number of client relationships relative to its assets under management and discloses principals’ interests in certain private real estate partnerships, which are identified as potential conflicts and addressed in its disclosures.
Client services
Expertise
Occupation focus
Fee options
Negotiable fixed annual fee ranging from $4,000 to $500,000
$0 - $1,000,000: 1.00% – 1.50% (Equity Accounts) $0 - $1,000,000: 1.00% (Mutual Fund and ETF Accounts) $1,000,000 - $5,000,000: 0.75% (Mutual Fund and ETF Accounts) $5,000,000 - $20,000,000: 0.60% (Mutual Fund and ETF Accounts) $20,000,000 - $100,000,000: 0.40% (Mutual Fund and ETF Accounts) $100,000,000+: 0.25% (Mutual Fund and ETF Accounts) $0 - $20,000,000: 0.40% – 0.60% (Fixed Income Accounts) $20,000,000+: 0.25% (Fixed Income Accounts)
Account minimum: $250,000 Minimum fee: Fixed annual fee ranging between $4,000 and $500,000, negotiable
Main office
11100 Santa Monica Blvd., Suite 400
Los Angeles CA 90025
Advisors at this office
4
Most active in
California
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Debra B
Series 65
Los Angeles, CA
BMB Advisers LLC
Debra Bonseigneur is a financial advisor with BMB Advisers LLC in Los Angeles, holding a Series 65 designation and 26 years of industry experience. She has been with BMB Advisers since 1999 and is also a shareholder and officer at Freedman, Broder & Company Accountancy Corp., an accounting practice where she works full time. BMB Advisers primarily serves high-net-worth individuals in the entertainment industry and their related trusts, estates, and retirement accounts. The firm uses a long-term investment approach that favors passive equity exposure through mutual funds and ETFs, and it offers both direct portfolio management and a referral-based Independent Advisor Program.
Steven N
Series 65
Los Angeles, CA
BMB Advisers LLC
Steven Nudelman is a financial advisor at BMB Advisers LLC in Los Angeles, holding a Series 65 designation with 18 years of industry experience. He has been with BMB Advisers and its affiliated firm Freedman Broder & Company since 2008. BMB Advisers provides discretionary and non-discretionary investment management and an independent-adviser referral program primarily serving high-net-worth individuals, trusts, estates, and retirement plan accounts, with a client base concentrated in the entertainment industry. The firm focuses on long-term portfolio management using primarily mutual funds, ETFs, and individual bonds, and refers clients seeking active or specialized strategies to independent third-party advisers.
William B
Series 65
Los Angeles, CA
BMB Advisers LLC
William Broder is a Series 65-licensed financial advisor with 26 years of industry experience. He is a principal at BMB Advisers LLC, where he has worked since 1999, and also serves as a shareholder and officer at Freedman Broder & Company, an accounting practice operating since 1965. Broder works full time in the accounting firm while providing advisory services at BMB Advisers. BMB Advisers primarily serves high-net-worth individuals in the entertainment industry and their related trusts, estates, and retirement accounts. The firm offers direct portfolio management alongside a referral-based Independent Advisor Program and employs a long-term investment approach favoring passive equity exposure through mutual funds and ETFs.
Stephen M
Series 65
Los Angeles, CA
BMB Advisers LLC
Stephen Michalski is a Series 65-licensed advisor with BMB Advisers LLC in Los Angeles, CA, and has 26 years of industry experience. He has worked at BMB Advisers since 1999 and is also a shareholder and officer at Freedman Broder & Company Accountancy Corp., where he has been involved since 1985. All principals of BMB Advisers are also principals of this accounting practice. BMB Advisers primarily serves high-net-worth individuals in the entertainment industry, along with their related trusts, estates, and retirement accounts. The firm offers direct portfolio management and a referral-based Independent Advisor Program, with a long-term investment approach that favors passive equity exposure and diversified managed fund models.
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