Daniels & Erickson Financial Advisors, LLC
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Overview
Daniels & Erickson Financial Advisors, LLC is a financial advisory firm located in Dallas, Texas. The firm manages $156.9 million in assets over 128 client accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). It has a small group, including 3 financial advisors. Daniels & Erickson Financial Advisors, LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are tradable financial assets such as equities, bonds and options.
Daniels & Erickson Financial Advisors, LLC manages all of its accounts in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by a portfolio manager without needing to seek client permission. Daniels & Erickson Financial Advisors, LLC supervises roughly $1.2 million in assets for every account. An average advisor at Daniels & Erickson Financial Advisors, LLC administers around 43 client accounts, placing it towards the middle in terms of personalization.
The firm's headquarters is located at 5323 Spring Valley Rd, Suite 250, Dallas, Texas 75254. Daniels & Erickson Financial Advisors, LLC is legally registered to provide services to investors in the state of Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Daniels & Erickson Financial Advisors, LLC by the Numbers
$156.9 million
4
128
$1.2 million
Products and Services
Daniels & Erickson Financial Advisors, LLC provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior fiscal year, Daniels & Erickson Financial Advisors, LLC provided financial planning services to 1-10 of its customers. Daniels & Erickson Financial Advisors, LLC does not sell products or offer services aside from investment advisory services to its investment advisory customers. The firm also has a number of financial industry affiliations, including with an accountant or accounting firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advice usually depend on which services the firm provides the client. However, fees billed by the firm likely consist of the following fee structures: asset-based, hourly, fixed or other. Daniels & Erickson Financial Advisors, LLC does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
Daniels & Erickson Financial Advisors, LLC caters to retail investors, high net worth investors and corporations. Out of its 128 clients, Daniels & Erickson Financial Advisors, LLC's biggest client group by number of accounts is high net worth investors, but it also serves 37 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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). None of the company's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 71.15%
- Other Individuals - 17.31%
- Corporations - 11.54%
- Charitable Organizations - 0%
* 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
Daniels & Erickson Financial Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Daniels & Erickson Financial Advisors, LLC
Dallas, TX
Dallas, TX
Dallas, TX
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