Dorsey, Wright & Associates, LLC is a large advisory firm based in Richmond. It manages $393.36 million of regulatory assets for 827 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.
Dorsey, Wright & Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, publication of newsletters, educational seminars and workshops, and research & chart services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Dorsey, Wright & Associates, LLC is $393.36 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -47% since the beginning of its operation, and $6.88 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Dorsey, Wright & Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Tammy Fridley Derosier is high net worth individuals with 555 clients and $210.42 million of assets under management. Among the 11 most similar advisory firms, Dorsey, Wright & Associates has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $392.16 million for 824 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.
Dorsey, Wright & Associates doesn't advise any private funds.
The company employs 25 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Tammy Fridley Derosier has been acting as President since 1 Jan 2015. Terence Wade joined the executive team most recently as the Senior Vice President.
The principal office where Dorsey, Wright & Associates, LLC performs its advisory services is located at 3300 W Leigh Street, Richmond, VA 23230, which is also the mailing address of the firm. An additional office of the firm is in Pasadena, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 804-320-8511. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at dorseywright.com.