Asset Dedication, LLC

CRD#151988
Investment Advisor Firm

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Overview

Asset Dedication, LLC operates as a financial advisory firm located in San Francisco, California. It oversees $2.0 billion in total assets throughout 5,197 client accounts, making it one of the biggest investment advisory firms in the country by assets under management (AUM). It has a small group, including 10 financial advisors. Asset Dedication, LLC is not a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like bonds, stocks and options.

Asset Dedication, LLC oversees all of its accounts on a discretionary basis. Discretionary management signifies that buy and sell decisions are made by an investment advisor without requiring client approval. The investment advisory firm's average account size is $387,767. An average financial advisor at Asset Dedication, LLC manages about 520 client accounts.

Asset Dedication, LLC’s main office is at 220 Montgomery Street, Suite 865, San Francisco, California 94104-3475. The firm is legally registered to serve clients across 32 U.S. states and territories.

Assets Under Management

$2.0 billion

Number of Advisors

10

Disclosures

No

Office Location

220 Montgomery Street, Suite 865
San Francisco, CA 94104-3475

Asset Dedication, LLC by the Numbers

Total Assets Under Management

$2.0 billion

National Average: $9.0 billion
Total Number of Employees

13

National Average: 71,771
Total Number of Accounts

5,197

National Average: 4,329
Average Account Size

$387.8 thousand

National Average: $2.1 million

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Products and Services

Asset Dedication, LLC provides a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and other services. In the last financial year, it provided 101-250 of its clients with financial planning services. Asset Dedication, LLC does not sell products or offer services aside from investment advisory services to its investment advisory customers.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 47% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

A financial advisor's fees vary depending on which services are provided. However, fee types charged by Asset Dedication, LLC typically consist of the following fee types: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

Available

  • Offered by 70% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 33% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It works with retail investors, high net worth investors, charitable organizations and corporations. Out of its 5,197 customers, Asset Dedication, LLC's biggest client group by number of accounts is retail investors, although it also manages money for 667 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 35.8%
  • Other Individuals - 63.98%
  • Corporations - 0.05%
  • Charitable Organizations - 0.16%

* 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

Asset Dedication, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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