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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G. INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13D-1(B) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(B)
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
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BHC Financial, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
05544W101
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(CUSIP Number)
Check the following box if a fee is being paid with this statement. (A fee
is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.) /x/
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
Notes).
CUSIP No. 05544W101
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Montgomery Asset Management, L.P. IRS ID #94-3115321
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(2) Check the Appropriate Box if a Member (a) / /
of a Group (See Instructions) (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
California
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Number of Shares (5) Sole Voting 330,610
Beneficially Power (as of December 31, 1993).
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power -0-
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(7) Sole Dispositive 330,610
Power (as of December 31, 1993).
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(8) Shared Dispositive
Power -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
330,610 (as of December 31, 1993).
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) / / Not applicable
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(11) Percent of Class Represented by Amount in Row (9)
5.4% (as of December 31, 1993).
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(12) Type of Reporting Person (See Instructions)
IA
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Fee enclosed / / or Amendment No.
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ITEM 1(A). NAME OF ISSUER
BHC Financial, Inc.
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ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
1200 One Commerce Square, 2005 Market St., Philadelphia, PA 19103-3212
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ITEM 2(A). NAME OF PERSON(S) FILING
Montgomery Asset Management, L.P.
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ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
600 Montgomery Street, San Francisco, CA 94111
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ITEM 2(C). CITIZENSHIP
California Limited Partnership
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ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock
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ITEM 2(E). CUSIP NUMBER
05544W101
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A
(a) / / Broker or Dealer registered under Section 15 of the Act
(b) / / Bank as defined in section 3(a)(6) of the Act
(c) / / Insurance Company as defined in section 3(a)(19) of the Act
(d) / / Investment Company registered under section 8 of the Investment
Company Act
(e) /x/ Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7)
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
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ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
330,610 (as of December 31, 1993).
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(b) Percent of Class:
5.4% (as of December 31, 1993).
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
330,610 (as of December 31, 1993).
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(ii) shared power to vote or to direct the vote
-0-
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(iii) sole power to dispose or to direct the disposition of
330,610 (as of December 31, 1993).
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(iv) shared power to dispose or to direct the disposition of
-0-
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following. / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
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(Date)
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(Signature)
R. Stephen Doyle
Chairman and Chief Executive Officer
Montgomery Asset Management, L.P.
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(Name/Title)
