Dac Asset Management LLC (Naples)

Dac Asset Management LLC is a large advisory firm based in Naples. It manages $137.78 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Florida.

Dac Asset Management provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dac Asset Management: assets under management

The assets under management (AUM) of Dac Asset Management LLC is $137.78 million. The firm's AUM has grown by 152% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $75.88 thousand in discretionary accounts and $137.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $75.88 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $45.9 million.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dac Asset Management LLC for their services and products based on a percentage of assets under management and fixed fees. 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.

Careers at Dac Asset Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Lawrence Joseph Daly	Member/owner/chief compliance officer	1 Oct 2003	75% - 100%	60305

Based in Naples

The principal office where Dac Asset Management LLC performs its advisory services is located at 1575 Clermont Drive #202, Naples, FL 34109, 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 239-260-5970. The normal business hours are 8:30 a.m. to 4:30 p.m. on Monday - Friday.