Managing for Risk as Well as Return


Billeaud Capital Management, Inc. (BCM) is an independent Registered Investment Advisory firm. Established in 1986, we manage in excess of $300 million in investment portfolios for individuals, company retirement plans, corporations, endowments, and trusts.


Our mission is to help clients achieve their objectives by providing intelligent, risk-managed investment solutions.

Investment Approach

Our approach to investment management combines a well-diversified investment portfolio with our active approach to managing market risk.


You may not be familiar with the word fiduciary, but you certainly understand the concept behind it. Simply, we have a legal responsibility to act in the best interest – and only the best interest - of the client in all matters, at all times. While that may seem obvious, a stock broker or other commissioned salesperson cannot be a fiduciary because of the inherent conflict of interest associated with the sale of financial products.

Global and Economically
Diversified Portfolios

  • Nobel prize-winning academic research has provided to investors a solid foundation upon which to build investment portfolios.

  • At the heart of this research is the understanding that different asset classes (such as domestic and international stocks, bonds, real estate, commodities and cash) are unique in the way in which they are correlated (zig versus zag) to each other.

  • This is the foundation upon which we design our portfolios. We first seek to thoughtfully allocate our capital among a group of non-correlated asset classes in order to provide clients with balance throughout the course of varying economic and market cycles.

  • We then couple this allocated approach with BCM’s proprietary risk management tool.

    Active Risk Management
    The BCM Market Risk Model

    - Managing for risk as well as return

  • Our primary risk-assessment tool developed over the course of 30 years of research and application.

  • Utilizes economic, financial, and monetary data to provide BCM with a general risk assessment.

  • This assessment is then used to guide the allocation makeup of our portfolios.

  • Portfolio allocation is dynamic, and varies with risk model outlook.

  • The Implementation
    All Weather Strategies*

  • BCM’s diversified portfolio design coupled with the Market Risk Model guidance (which directs the % exposure to stocks within a portfolio) results in the creation of our three BCM All-Weather Strategies.

  • The decision regarding which portfolio is suitable is based on each client’s individual circumstances.

  • By rigorously adhering to our investment approach, we seek to reach a balance of capital appreciation and income coupled with an ever-vigilant view towards managing potential market and economic risk.

  • BCM also makes portfolio strategies available in a Catholic Values-Based option.

  • *These portfolios are for illustration purposes only.

    BCM Investment Principles

    In an effort to keep us grounded when turbulent market conditions occur, we have developed a set of Investment Principles that guide us. If you stop by for a visit, you’ll see them prominently posted in our lobby, as well as in our personal offices.

    1. Keep it Simple

      "The greatest enemy of a good plan is the dream of a perfect plan."
      - Von Clausewitz

    2. Remember your Competitive Advantage

      Allocation using the BCM Market Risk Model.

    3. Avoid Distractions, including all forecasts

      Present moment, only moment. Sound investment does not require forecasts.
      Forecasts are not only not required - they can actually become a hindrance.
      It is enough to align the investment position with the prevailing, observable evidence.

      So - Here’s What We Need to Ignore

      1. Market Forecasts

      2. Economic Forecasts

      3. Bull/Bear Debates

      4. Stock Picks

      5. Stock Pans

      6. Generic Advice

      7. Political News

      8. Everything else…

    4. Stay Disciplined!

      Control the process and the outcome will take care of itself.

    Our Story
    About Us

    BCM manages money on a discretionary basis for a fee according to a unique and proprietary approach which is greatly detailed on this website. This is what we do. What we don’t do is sell anything. We are experienced, focused, disciplined, and accessible to our clients.

    Client accounts are established at Charles Schwab & Company. We never take possession of any client money. Schwab sends monthly statements and trade confirmations directly to clients, and online access to account information is readily available.

    In turn, we deliver quarterly reports to clients. These reports include a client letter, performance reports, and a billing statement. Our management fees start at an annual rate of 1% and decline for larger accounts. 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-adverse, long-term investors. If you have $250,000 or more of investment assets, we invite you to contact us for more information.


    JOSEPH S. BILLEAUD (“Bo”) is the founder and president of Billeaud Capital Management, Inc. Joseph earned a BS in Chemical Engineering from the University of Louisiana at Lafayette in 1979 and spent fifteen years working as a petroleum engineer with Chevron USA and Apache Corporation. During this fifteen year period, he developed the market risk-control models that he used to initially guide and manage his personal investments, as well as those of family and close friends. In 1986, he established BCM. Word-of-mouth endorsements and organic growth resulted in Joseph being able to effect a formal career change in 1996. Since that time, he has guided BCM’s growth from its humble origins of a one man shop managing roughly $6 million dollars to an established and respected firm now managing more than $300 million dollars for individual, corporate, trust, retirement and 401(k) accounts.


    GEORGE W. HOLLAND, IV joined Billeaud Capital Management in 2009. Having started in the investment business in 1989, he has provided independent investment and financial advisory services to clients throughout his career. George has held management positions at an independent trust company and a broker dealer/investment advisory firm, in addition to running his own investment advisory business. George earned a B.A. degree in Economics and a Masters in Business Administration from Louisiana State University.


    HILLE DOMINGUE assists Billeaud Capital Management in matters of compliance, administration and research. Hille is an accounting graduate of the University of Southwestern Louisiana (now University of Louisiana at Lafayette), and a law graduate of the Louisiana State University Law School. After 15 years of private practice as a CPA and an Attorney, Hille served as President and Chief Operating Officer of a regional publication company until it was sold to Thomson Corporation. Since that time, Hille has been involved in a number of business projects as an investor, as part of management, and as a consultant.

    Contact Us
    We'd love to talk.

    Billeaud Capital Management, Inc.
    1018 Harding Street, Suite 104
    Lafayette, LA 70503
    337 233 7758

    Billeaud Capital Management, Inc.
    1018 Harding Street, Suite 104
    Lafayette, LA 70503
    337 233 7758

    Mailing Address
    P.O. Box 51162
    Lafayette, LA 70505

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