Bimini Advisors, LLC (Vero Beach)

Bimini Advisors, LLC is a large advisory firm based in Vero Beach. It manages $3.4 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Florida.

Bimini Advisors provides portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bimini Advisors: assets under management

The assets under management (AUM) of Bimini Advisors, LLC is $3.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2843% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.4 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.4 billion each.

Bimini Advisors has custody of $3.4 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in derivatives form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bimini Advisors, 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.

Careers at Bimini Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Robert Edward Cauley has been acting as President since 1 Apr 2011. George Hunter Haas joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Edward Cauley	President/chief compliance officer	1 Apr 2011	Other	2500886
Bimini Advisors Holding Llc	Member	1 Jul 2012	75% - 100%	45-1964769
Inc. Bimini Advisors	Member	1 Jul 2012	75% - 100%	45-1964769
Fwc Advisors Llc	Member	1 Jul 2012	Other	46-0584449
George Hunter Haas	Chief financial officer	1 Feb 2013	Other	6137934

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc Bimini Capital Management	Shareholder	1 Jul 2012	75% - 100%	72-1571637
Shri Krishan Gupta	Managing member	1 Jul 2012	25% - 50%	6098237
Fortuna Capital Partners Lp	Managing member	1 Jul 2012	25% - 50%	27-1676317
Jeffrey Alexander Valenty	General partner	1 Jul 2012	Other	2674559

Based in Vero Beach

The principal office where Bimini Advisors, LLC performs its advisory services is located at 3305 Flamingo Drive, Vero Beach, FL 32963, 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 772-231-1400 or by fax 772-231-8896. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.