Dunnavan & Co

CRD#109058
Investment Advisor Firm

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Overview

Dunnavan & Co is a financial advisory company that has its headquarters in Minneapolis, Minnesota. The company handles $204.8 million in assets across 166 client accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). Dunnavan & Co has a small team of seven employees, of which four are financial advisors. Dunnavan & Co is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are exchangable financial investments like equities, options and bonds.

Dunnavan & Co oversees all of the firm's client assets in a discretionary manner. Discretionary management means that an investment advisor makes transaction judgments for the client's account without requiring client authorization. The firm oversees roughly $1.2 million for each client account. The typical financial advisor at Dunnavan & Co manages about 42 client accounts, placing it towards the middle in terms of personalization.

The firm's main office is at 43 Main Street S.E., Minneapolis, Minnesota 55414. The firm is allowed to serve customers across 5 states, including Florida, Minnesota, New Hampshire, New York and Texas.

Number of Advisors

4

Disclosures

No

Office Location

43 Main Street S.E.
Minneapolis, MN 55414

Dunnavan & Co by the Numbers

Total Number of Employees

7

National Average: 4,943
Total Number of Accounts

166

National Average: 2,522
Average Account Size

$1.2 million

National Average: $1.3 million

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Fee Structure

Financial advisory fees largely vary depending on which services the firm provides the client. Fees charged by the firm likely include some blend of the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Dunnavan & Co.

Available

  • Offered by 75% 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 12% of firms

    Other

    Show Explanation

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

Unavailable

  • Find one of the 37% 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 3% 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 17% 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 1% 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 40% 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.

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Types of Clients

The company caters to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 166 clients, Dunnavan & Co's biggest client by number of accounts is retail investors, although it also manages money for 42 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management 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 clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 33.87%
  • Other Individuals - 61.29%
  • Corporations - 0.81%
  • Charitable Organizations - 4.03%

* 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

Dunnavan & Co does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA