Dimensional Fund Advisors Lp
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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
Number of Advisors
Disclosures
Office Location
Dimensional Fund Advisors Lp by the Numbers

$662.6 billion

1,050

462

$1.4 billion
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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
-
Offered by 17% of firms
Performance-based
-
Offered by 40% of firms
Fixed
Unavailable
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
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Charlotte, NC
Austin, TX
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