After graduating from UL Lafayette in 1979, I started my career as an engineer and for the first time, was able to save enough money to begin investing. I found a broker and watched my portfolio “grow” from $3,000 to $1,700! As you can imagine, when this happened, I had plenty of questions. The first began with, “Why did this happen?” His response was, “I don’t know.” I then said, “Ok…. well when is it coming back?” Again, his response was, “I don’t know.” “Well who does know???” Again, “I don’t know.”
This really bothered me. I figured that someone, somewhere must know something! This initiated a journey which began as an inquiry, morphed into a hobby and led to a complete career change where I started my own money management and advisory firm structured around the lessons I learned from my first investment experience.
Our goal is to not only be able to thoroughly understand how the markets and economy work, but to create and deliver effective strategies that our clients can fully understand as well. After all, it is your money, shouldn’t you know how it is invested?
– Joseph “Bo” Billeaud, President & CIO
Our Firm Today
BCM is a fee-only Registered Investment Advisor. We manage money on a discretionary basis and provide goals-based financial planning services. We sell no investment products whatsoever that carry the baggage of a conflict of interest between you – the client – and us. No annuities, no insurance policies, no private offerings or REITs, nothing. Period.
We are hired by you to act as your advisor. We are fiercely independent and take our fiduciary responsibility to clients seriously. That is exactly how we approach our management charge. We are experienced, focused, disciplined, and always accessible to you, our clients.
Regarding the mechanics of working with BCM, client accounts are established at a third-party custodian. We never take possession of any client money. The custodian sends monthly statements and trade confirmations directly to clients, and online access to account information is readily available. We are simply authorized (by you) to direct the investments within your account, in accordance with your risk profile and life circumstances.
We report to you quarterly. This report includes a client letter, performance reports, and a billing statement. Our management fees start at an annual rate of 1% and decline on a tiered basis for larger accounts. Our fees are charged in arrears, are prorated, and there are no upfront or backend charges.
We believe we have something of real value to offer to risk-conscience, long-term investors. If you have $250,000 or more of investment assets, we invite you to contact us for more information on how we might be of service to you.
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