Dana Investment Advisors Inc

CRD#105879
Investment Advisor Firm

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Learn more about Dana Investment Advisors Inc

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

    • Overview

    Dana Investment Advisors Inc is located at 20700 Swenson Drive, Suite 400, Waukesha, WI. The firm employs 27 financial advisors to manage client portfolios and provide financial guidance. Dana Investment Advisors Inc is not a registered broker-dealer.

    Dana Investment Advisors Inc oversees $4.5 billion in assets under management across 3,327 accounts, of which 3,252 are discretionary and 75 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutional clients. The firm caters to a diverse range of investors, including retail investors, high net worth investors, banking institutions, investment companies, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations. The fee structure at Dana Investment Advisors Inc includes asset-based, fixed, and performance-based fees. The firm has 741 high net worth clients, with high net worth investors being the largest client type by accounts.

    Dana Investment Advisors Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $4.5 billion

    Number of Advisors

    27

    Disclosures

    No

    Office Location

    20700 Swenson Drive, Suite 400
    Waukesha, WI 53186-0904

    Dana Investment Advisors Inc by the Numbers

    Total Assets Under Management

    $4.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    61

    National Average: 64
    Total Number of Accounts

    3,327

    National Average: 375,227
    Average Account Size

    $1.4 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice largely depend on the services offered. Fees billed by Dana Investment Advisors Inc likely include some blend of the following fee types: asset-based, fixed, or performance-based. The company participates 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.

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    Types of Clients

    The company manages money for a number of different clients. The company works with retail investors, high net worth investors, banking institutions, investment companies, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations, and other. Out of its 10 clients, Dana Investment Advisors Inc's biggest client type by number of accounts is high net worth investors, though it also caters to 741 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual 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).

    • High-Net-Worth Individuals* - 33.87%
    • Other Individuals - 26.78%
    • Corporations - 36.2%
    • Charitable Organizations - 3.15%

    * 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

    Dana Investment Advisors Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Dana Investment Advisors Inc

    Shane Morris
    Colorado Springs, CO
    Matthew Slowinski
    Waukesha, WI
    Rocco Fiordelisi
    Saint Louis, MO
    Garrett Brigman
    Milwaukee, WI
    Sean Mcleod
    Waukesha, WI
    Duane Roberts
    Irving, TX
    Brian Lehky
    Waukesha, WI
    Noaman Sharief
    Waukesha, WI
    David Stamm
    Waukesha, WI

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