Davis Selected Advisers - Ny, Inc

CRD#106659
Investment Advisor Firm

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Overview

Davis Selected Advisers - Ny, Inc is located at 620 Fifth Avenue, New York, NY. The firm employs 11 financial advisors to manage client portfolios and provide financial guidance. Davis Selected Advisers - Ny, Inc is not a registered broker-dealer.

Davis Selected Advisers - Ny, Inc oversees $16.9 billion in assets under management across 37 accounts, all of which are discretionary. The services offered include portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for institutional clients. The firm caters to high net worth investors, investment companies, pension plans, charitable organizations, and corporations, with investment companies being the largest client type by accounts. The fee structure at Davis Selected Advisers - Ny, Inc is asset-based. The firm has 2 high net worth clients and maintains affiliations with a broker-dealer or securities dealer.

Davis Selected Advisers - Ny, 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, and Wisconsin.

Assets Under Management

$16.9 billion

Number of Advisors

11

Disclosures

No

Office Location

620 Fifth Avenue
New York, NY 10020-2402

Davis Selected Advisers - Ny, Inc by the Numbers

Total Assets Under Management

$16.9 billion

National Average: $8.6 billion
Total Number of Employees

51

National Average: 64
Total Number of Accounts

37

National Average: 375,227
Average Account Size

$455.5 million

National Average: $23.0 thousand
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Fee Structure

Fees for financial management typically are based on which services are offered. Fees charged by Davis Selected Advisers - Ny, Inc typically consist of the following fee type: asset-based.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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 32% 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

The company manages money for a number of different customers. The company provides services to high net worth investors, investment companies, pension plans, charitable organizations, and corporations. Out of its 5 clients, Davis Selected Advisers - Ny, Inc's biggest client type by number of accounts is investment companies, although it also caters to 2 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management 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).

  • High-Net-Worth Individuals* - 5.41%
  • Other Individuals - 0%
  • Corporations - 70.27%
  • Charitable Organizations - 24.32%

* 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

Davis Selected Advisers - Ny, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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