Darrell & King, LLC (Charlottesville)

Name: Darrell & King, LLC
Address: 410 White Gables Ln, Charlottesville, VA, 22903 4994
Telephone: 434-977-7010

Darrell & King, LLC is a large advisory firm based in Charlottesville. It manages $624.5 million of regulatory assets for 194 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Maryland, New Hampshire, Texas, and Virginia.

Darrell & King provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Darrell & King: assets under management

The assets under management (AUM) of Darrell & King, LLC is $624.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 18% since the beginning of its operation, and $1.51 million of the total AUM is attributable to clients outside of the United States.

The firm manages $624.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.22 million each.

Investments

The firm invests in non-exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Darrell & King, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Darrell & King serves?

The firm provides services to individuals, charitable organizations, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Darrell & King is individuals with 176 clients and $519.79 million of assets under management. Among the 11 most similar advisory firms, Darrell & King has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $618.97 million for 190 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Darrell & King doesn't advise any private funds.

Careers at Darrell & King, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 doesn’t compensate 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
John Stewart Darrell	Managing member	1 Feb 2012	25% - 50%	1782497
Charles Guy King	Chief compliance officer/sr portfolio manager	1 Mar 2012	25% - 50%	2456984
Elizabeth Payne Morris	Member	1 Jan 2014	Other	6315153
John Michael Wells	Member	1 Dec 2017	Other	6932412

Based in Charlottesville

The principal office where Darrell & King, LLC performs its advisory services is located at 410 White Gables Ln, Charlottesville, VA 22903 4994, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 434-977-7010 or by fax 434-977-6313. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at darrellandking.com.