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SEC-registered adviser

B••••• W••••• M••••••••• L••

Independent wealth managerPalm Beach, FloridaCRD 330695SEC 801-130321IAPD
Latest filing Mar 4, 2026
First filing on the tape Apr 19, 2024 · 10 filings
SEC status approved since May 24, 2024
RAUM
$241M
reported, Item 5.F
Discretionary
49%
of RAUM
Private clients
87%
$209M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$241M
derived; firm RAUM over IAPD count
Employees
3
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$241M as of Mar 4, 2026
Mar 20, 2025$222M then
HNW client RAUM$209M as of Mar 4, 2026
Mar 20, 2025$199M then
State-registered IARs (5.B.3)1 as of Mar 4, 2026
Mar 20, 20251 then
Employees (5.A)3 as of Mar 4, 2026
Mar 20, 20253 then
Private funds: no history
RAUM +8.6% over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Mar 4, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$241MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$8.7MderivedHNW RAUM over HNW clients
Average account
$1.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
49%derivedof RAUM
Institutional
13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+8.6%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$7.1M, 5 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$209M87%
  • Pension and profit-sharing plans$31.9M13%
Individual clients
n/areported
HNW clients
24reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
176reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$7.1M for 5 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.87 fund_share=0.0 institutional_share=0.13 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
E•••• S• B•••••Palm Beach, FlMay 24, 202417 y3
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B•••••• E••••• S• · Managing Member And Chief Compliance Officercontrol
      since 05/2024 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • custody status changedChange between filings · filing Mar 4, 2026
      custody of client assets (Item 9.A): no on the filing of 2025-03-20, yes on the filing of 2026-03-04
      peers: independent wealth managers, $100M to $500M (5,678)
    What changed
    consecutive filings, newest first
    • Accounts · 94 to 176
      Mar 20, 2025 to Mar 4, 2026
    • HNW clients · 27 to 24
      Mar 20, 2025 to Mar 4, 2026
    • Assets in custody · unset to 7131454.0
      Mar 20, 2025 to Mar 4, 2026
    • Custody of client assets · false to true
      Mar 20, 2025 to Mar 4, 2026
    • Discretionary RAUM · $98.2M to $118M
      Mar 20, 2025 to Mar 4, 2026
    • HNW RAUM · $199M to $209M
      Mar 20, 2025 to Mar 4, 2026
    • Non-discretionary RAUM · $124M to $123M
      Mar 20, 2025 to Mar 4, 2026
    • Pension RAUM · $23.3M to $31.9M
      Mar 20, 2025 to Mar 4, 2026
    • RAUM · $222M to $241M
      Mar 20, 2025 to Mar 4, 2026
    • BD registered reps · 1 to 0
      Sep 19, 2024 to Mar 20, 2025
    • Employees · 2 to 3
      Sep 19, 2024 to Mar 20, 2025
    • Financial planning clients · 0 to 0
      Sep 19, 2024 to Mar 20, 2025
    • Discretionary RAUM · $69.4M to $98.2M
      Sep 19, 2024 to Mar 20, 2025
    • HNW RAUM · $167M to $199M
      Sep 19, 2024 to Mar 20, 2025
    • Non-discretionary RAUM · $123M to $124M
      Sep 19, 2024 to Mar 20, 2025
    • Pension RAUM · $24.9M to $23.3M
      Sep 19, 2024 to Mar 20, 2025
    • RAUM · $192M to $222M
      Sep 19, 2024 to Mar 20, 2025
    • Accounts · 0 to 94
      Aug 28, 2024 to Sep 19, 2024
    • HNW clients · unset to 27.0
      Aug 28, 2024 to Sep 19, 2024
    • Discretionary RAUM · $0 to $69.4M
      Aug 28, 2024 to Sep 19, 2024
    • HNW RAUM · unset to 167334329.0
      Aug 28, 2024 to Sep 19, 2024
    • Non-discretionary RAUM · $0 to $123M
      Aug 28, 2024 to Sep 19, 2024
    • Pension RAUM · unset to 24868800.0
      Aug 28, 2024 to Sep 19, 2024
    • RAUM · $0 to $192M
      Aug 28, 2024 to Sep 19, 2024
    • Business name · A••• F•••••••• M••••••••• L•• to B••••• W••••• M••••••••• L••
      May 24, 2024 to May 29, 2024
    • HQ city · unset to PALM BEACH
      May 24, 2024 to May 29, 2024
    • HQ state · unset to FL
      May 24, 2024 to May 29, 2024
    • Legal name · A••• F•••••••• M••••••••• L•• to B••••• W••••• M••••••••• L••
      May 24, 2024 to May 29, 2024
    Signals
    2 dated events
    • Michael Brian Young (Interim Chief Compliance Officer) no longer on Schedule A of B••••• W••••• M••••••••• L•• (listed 2024-05-17, absent 2024-05-24)
      May 24, 2024 · Control person left · inference
    • A••• F•••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
      Apr 19, 2024 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Firm profile
    linkedin.com/company/bassam-wealth-managementreportedpublic record, Form ADV, Sep 21, 2026
    Principal office phone
    (561) 494-6391reportedpublic record, Form ADV, Mar 4, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $241Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026