Dimensional Fund Advisors Lp

CRD#106482
Investment Advisor Firm

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

    • Overview

    Dimensional Fund Advisors Lp operates as a financial advisor company headquartered in Austin, Texas. The company handles $743.3 billion in total assets over 524 customer accounts, making it one of the biggest firms in the United States by assets under management (AUM). The firm has a very large team, including 421 financial advisors. Dimensional Fund Advisors Lp is not a registered broker-dealer, meaning it is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as equities, bonds and options.

    Dimensional Fund Advisors Lp manages all of its client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes buy and sell decisions without needing the customer's consent. Dimensional Fund Advisors Lp administers roughly $1.4 billion in assets for each customer account. An average financial advisor at Dimensional Fund Advisors Lp manages about one client account, making it one of the most personalized advisor firms in the country.

    Dimensional Fund Advisors Lp’s headquarters is located at 6300 Bee Cave Road, Austin, Texas 78746. It is legally permitted to serve clients across 51 U.S. states and territories.

    Assets Under Management

    $743.3 billion

    Number of Advisors

    421

    Disclosures

    No

    Office Location

    6300 Bee Cave Road
    Austin, TX 78746

    Dimensional Fund Advisors Lp by the Numbers

    Total Assets Under Management

    $743.3 billion

    National Average: $9.0 billion
    Total Number of Employees

    1,037

    National Average: 71,771
    Total Number of Accounts

    524

    National Average: 4,329
    Average Account Size

    $1.4 billion

    National Average: $2.1 million

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    Fee Structure

    Fees charged by financial advisors largely vary depending on which services the firm provides the client. However, fee types billed by the firm can be comprised of any blend of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Dimensional Fund Advisors Lp.

    Available

    • Offered by 70% 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.

    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 33% 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

    Dimensional Fund Advisors Lp works with a broad range of customers. Dimensional Fund Advisors Lp caters to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies and sovereign wealth funds. Out of its 524 customers, Dimensional Fund Advisors Lp's largest client by number of accounts is investment companies, though it also serves 118 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). About 24% of the firm's clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 22.69%
    • Other Individuals - 0%
    • Corporations - 76.35%
    • Charitable Organizations - 0.96%

    * 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

    Dimensional Fund Advisors Lp does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Dimensional Fund Advisors Lp

    John Stewart
    Austin, TX
    Russell Brockett
    Austin, TX
    Hannah Roth
    Austin, TX
    Stephen De Man
    Austin, TX
    Stephen Kosoris
    Austin, TX
    Madeline Rapp
    Austin, TX
    Angella Welcome
    Austin, TX
    Christopher Anderson
    Austin, TX
    Dennis Chamberlain
    Austin, TX

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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