Dimensional Fund Advisors Lp

CRD#106482
Investment Advisor Firm

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Learn more about Dimensional Fund Advisors Lp

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

    • Overview

    Dimensional Fund Advisors Lp operates as an advisory firm located in Austin, Texas. The company manages $652.7 billion in total assets across 818 accounts, placing it among the largest financial advisory firms in the United States by assets under management (AUM). Dimensional Fund Advisors Lp has a very large team, including 370 financial advisors. Dimensional Fund Advisors Lp is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are tradable financial investments such as options, stocks and bonds.

    Dimensional Fund Advisors Lp manages all of the firm's accounts on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments for the client's account without needing the client's consent. The company's average account size is $798.3 million. The average advisor at Dimensional Fund Advisors Lp administers about two client accounts, making it one of the most personalized advisor firms in the country.

    The company's central office is located at 6300 Bee Cave Road, Austin, Texas 78746. It is legally allowed to provide services to investors throughout 51 U.S. states and territories.

    Assets Under Management

    $652.7 billion

    Number of Advisors

    370

    Disclosures

    No

    Office Location

    6300 Bee Cave Road
    Austin, TX 78746

    Dimensional Fund Advisors Lp by the Numbers

    Total Assets Under Management

    $652.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    1,096

    National Average: 64
    Total Number of Accounts

    818

    National Average: 375,227
    Average Account Size

    $798.0 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees usually depend on which service is provided. However, fees billed by the company can include any combination 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 the firm.

    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 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 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 firm manages money for a broad range of investors. Dimensional Fund Advisors Lp provides services to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and sovereign wealth funds. Out of its 818 clients, Dimensional Fund Advisors Lp's biggest client by number of accounts is high net worth investors, although it also serves 419 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 counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). About 15% of the firm's accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 51.41%
    • Other Individuals - 0%
    • Corporations - 47.98%
    • Charitable Organizations - 0.61%

    * 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

    Althea Trevor
    Austin, TX
    Alexander Cheriyan
    Austin, TX
    Austin Jenkins
    Austin, TX
    Alexander Price
    Austin, TX
    Trace Williams
    Austin, TX
    Barbara Johns
    Austin, TX
    Alejandro Espinoza Bravo
    Austin, TX
    Mandy Solin
    Austin, TX
    Thomas Mclean
    Charlotte, NC

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