Davis Selected Advisers Lp
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Overview
Davis Selected Advisers Lp is a financial advisory company that has its headquarters in Tucson, Arizona. Davis Selected Advisers Lp controls $19.9 billion in assets under management across 148 accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). It has a large group, including 11 financial advisors. Davis Selected Advisers Lp is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal investments like stocks, options and bonds.
Davis Selected Advisers Lp administers the majority of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes transaction choices for the client's account without requiring client permission. Davis Selected Advisers Lp also has 13 non-discretionary accounts totaling $2.7 billion in assets. The investment advisory firm manages roughly $134.4 million in assets for each account. The average advisor at Davis Selected Advisers Lp administers around 13 client accounts, making it one of the more personalized advisor firms in the country.
Davis Selected Advisers Lp's central office is at 3600 E. Hemisphere Loop, Tucson, Arizona 85706-5041. The company is registered to serve investors throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Davis Selected Advisers Lp by the Numbers
$19.9 billion
123
148
$134.4 million
Fee Structure
Fees for financial management usually depend on the financial services offered. However, fees charged by Davis Selected Advisers Lp typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Davis Selected Advisers Lp.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with a broad range of investors. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, other investment advisers and corporations. Out of its 148 accounts, Davis Selected Advisers Lp's biggest client group is high net worth investors, but it also caters to 61 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 4% of the firm's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 49.59%
- Other Individuals - 17.89%
- Corporations - 25.2%
- Charitable Organizations - 7.32%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Davis Selected Advisers Lp does not have any disclosures.
Please visit its Form ADV for more details.
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