Doubleline Capital Lp

CRD#152606
Investment Advisor Firm

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Learn more about Doubleline Capital Lp

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Doubleline Capital Lp is a financial advisory company located in Tampa, Florida. The company manages $91.2 billion in assets across 151 accounts, placing it among the largest firms in the United States by assets under management (AUM). The firm has a large team, including 105 financial advisors. Doubleline Capital Lp does not act as a registered broker-dealer, signifying that the advisor cannot 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 exchangable financial assets such as options, bonds and stocks.

    Doubleline Capital Lp oversees all of the company's client assets on a discretionary basis. Discretionary management means that transaction choices are made by a portfolio manager without needing client consent. The advisory firm supervises an average of $604.1 million in assets for each client account. The average financial advisor at Doubleline Capital Lp manages about one client account, making it one of the most personalized financial advisor firms in the country.

    The company's central office is at 2002 N. Tampa Street, Tampa, Florida 33602. The company is legally permitted to serve clients throughout 16 U.S. states and territories.

    Assets Under Management

    $91.2 billion

    Number of Advisors

    105

    Disclosures

    No

    Office Location

    2002 N. Tampa Street
    Tampa, FL 33602

    Doubleline Capital Lp by the Numbers

    Total Assets Under Management

    $91.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    284

    National Average: 64
    Total Number of Accounts

    151

    National Average: 375,227
    Average Account Size

    $604.1 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors largely depend on which service is provided. Fees charged by the firm likely include the following fee types: asset-based, fixed or performance-based. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% 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.

    • Offered by 26% of firms

      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.

    • Offered by 32% of firms

      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.

    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 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 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.

    Back to Overview

    Types of Clients

    Doubleline Capital Lp manages money for a broad range of investors. It caters to high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds and corporations. Out of its 151 accounts, Doubleline Capital Lp's largest client type is pooled investment vehicles, though it also caters to six high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management 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). Around 15% of the company's customers reside abroad.

    • High-Net-Worth Individuals* - 4.96%
    • Other Individuals - 0%
    • Corporations - 90.08%
    • Charitable Organizations - 4.96%

    * 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

    Doubleline Capital Lp does not have any disclosures.

    Please visit its Form ADV for more details.

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