Dynamic Advisor Solutions LLC (Phoenix)

Name: Dynamic Advisor Solutions LLC
Address: 2415 East Camelback Road, Phoenix, AZ, 85016
Telephone: (877) 257-3840

Dynamic Advisor Solutions LLC is a large advisory firm based in Phoenix. It manages $1.45 billion of regulatory assets for 6,248 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Dynamic Advisor Solutions provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and model portfolio adviser services for third party program. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dynamic Advisor Solutions: assets under management

The assets under management (AUM) of Dynamic Advisor Solutions LLC is $1.45 billion. The firm's AUM has grown by 3191% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.3 billion in discretionary accounts and $152.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $211.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.32 million.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dynamic Advisor Solutions LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Dynamic Advisor Solutions serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Dynamic Advisor Solutions is high net worth individuals with 460 clients and $956.05 million of assets under management. Among the 8 most similar advisory firms, Dynamic Advisor Solutions has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.45 billion for 2,634 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Dynamic Advisor Solutions doesn't advise any private funds.

Careers at Dynamic Advisor Solutions LLC

The company employs 74 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 56 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Richard Cannon	Chief executive officer and chief compliance officer	1 Dec 2008	Other	1755987
Craig Paul Morningstar	Chief operating officer	1 Jul 2012	Other	2228731
Dwa Management Llc	Member	1 Jan 2014	75% - 100%	46-3627105
Cherie Jean Jolly	Chief compliance officer	1 Nov 2016	Other	1980521
James Gerard Palumbo	Chief development officer	1 Apr 2018	Other	2623916

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Susan Mcchesney Cannon	Trustee	1 Dec 2013	50% - 75%	6318736
James Richard Cannon	Trustee	1 Dec 2013	50% - 75%	1755987
Cannon Family Trust	Member	1 Dec 2013	75% - 100%	xxx-xx-xxxx

Based in Phoenix

The principal office where Dynamic Advisor Solutions LLC performs its advisory services is located at 2415 East Camelback Road, Phoenix, AZ 85016, which is also the mailing address of the firm. An additional office of the firm is in Fort Collins, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (877) 257-3840 or by fax 480-718-8778. The normal business hours are 8:30 am to 4:00pm mst on Monday - Friday. You can find more information about the New York firm at dynamicwealthadvisors.com.