Dumont & Blake Investment Advisors LLC

CRD#109318
Investment Advisor Firm

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Learn more about Dumont & Blake Investment Advisors LLC

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

    • Overview

    Dumont & Blake Investment Advisors LLC is an advisory company based in Princeton, New Jersey. Dumont & Blake Investment Advisors LLC manages $449.1 million in assets under management throughout 937 client accounts, making it one of the bigger financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 4 financial advisors. Dumont & Blake Investment Advisors 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 firm to do so. Securities are tradable financial investments like stocks, options and bonds.

    Dumont & Blake Investment Advisors LLC manages more than half of the firm's client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make buy and sell judgments without requiring the client's consent. Dumont & Blake Investment Advisors LLC also has 56 non-discretionary accounts with a total of $10.3 million in assets. The advisory firm manages roughly $479,270 in assets for every account. The average advisor at Dumont & Blake Investment Advisors LLC oversees around 234 client accounts.

    The company's main office is located at 731 Alexander Road, Princeton, New Jersey 8540. Dumont & Blake Investment Advisors LLC is permitted to serve customers throughout 14 U.S. states and territories.

    Assets Under Management

    $449.1 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    731 Alexander Road
    Princeton, NJ 08540

    Dumont & Blake Investment Advisors LLC by the Numbers

    Total Assets Under Management

    $449.1 million

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    937

    National Average: 375,227
    Average Account Size

    $479.3 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors usually are based on which service is provided. However, fees charged by the company may include some combination of the following fee structures: asset-based or fixed. The firm does 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 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 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 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

    Dumont & Blake Investment Advisors LLC provides services to retail investors, high net worth investors, charitable organizations and corporations. Out of its 937 customers, Dumont & Blake Investment Advisors LLC's largest client group by number of accounts is retail investors, although it also serves 166 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 at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.

    • High-Net-Worth Individuals* - 37.81%
    • Other Individuals - 59.45%
    • Corporations - 0.91%
    • Charitable Organizations - 1.82%

    * 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

    Dumont & Blake Investment Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Dumont & Blake Investment Advisors LLC

    Marc Luciani
    Princeton, NJ
    Adam Goldberg
    Princeton, NJ
    Morley Goldberg
    Princeton, NJ

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