Dimensional Fund Advisors Lp

CRD#106482
Investment Advisor Firm

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Overview

Dimensional Fund Advisors Lp operates as an advisory company located in Austin, Texas. It controls $662.6 billion in total assets throughout 462 client accounts, making it one of the biggest firms in the nation by assets under management (AUM). Dimensional Fund Advisors Lp has a very large group of 1,050 employees, three hundred forty-four of whom are financial advisors. Dimensional Fund Advisors Lp is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are tradable financial investments like options, equities and bonds.

Dimensional Fund Advisors Lp manages all of its accounts in a discretionary manner. Discretionary management signifies that buy and sell judgments for the client's account are made by an investment advisor without requiring the client's consent. The firm's typical account size is $1.4 billion. An average advisor at Dimensional Fund Advisors Lp manages about one client account, making it one of the most individualized financial advisor firms in the country.

The company's headquarters is at 6300 Bee Cave Road, Austin, Texas 78746. The firm is legally permitted to provide services to customers across 51 U.S. states and territories.

Assets Under Management

$662.6 billion

Number of Advisors

344

Disclosures

No

Office Location

6300 Bee Cave Road
Austin, TX 78746

Dimensional Fund Advisors Lp by the Numbers

Total Assets Under Management

$662.6 billion

National Average: $3.7 billion
Total Number of Employees

1,050

National Average: 29
Total Number of Accounts

462

National Average: 2,073
Average Account Size

$1.4 billion

National Average: $1.8 million

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Fee Structure

Financial management fees usually are based on which services are offered. However, fee types billed by the firm likely consist of some blend of the following fee structures: asset-based, fixed or performance-based. The company does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 74% 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 17% 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.

  • Offered by 40% 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 35% 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 2% 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 1% 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 12% 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 works with a broad range of investors. It caters 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 462 clients, Dimensional Fund Advisors Lp's largest client group by number of accounts is investment companies, but it also serves 25 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 27% of the company's clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 5.45%
  • Other Individuals - 0%
  • Corporations - 92.59%
  • Charitable Organizations - 1.96%

* 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

Lauren Olson
Charlotte, NC
Shivani Pandya
Austin, TX
Kevin Yuan
Austin, TX
Richard Tatlow
Austin, TX
Angella Welcome
Austin, TX
Weideng He
Austin, TX
Rose Cooke
Austin, TX
Austin Rosenthal
Austin, TX
Johnathon Dekinder
Austin, TX

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This content was compiled from the SEC and FINRA