Dimensional Fund Advisors Lp

CRD#106482
Investment Advisor Firm

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Overview

Dimensional Fund Advisors Lp is an advisory firm located in Austin, Texas. The firm controls $569.3 billion in total assets throughout 468 client accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). Dimensional Fund Advisors Lp has a very large group of 1,001 employees, three hundred fifty-three of whom are financial advisors. Dimensional Fund Advisors Lp is not a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments such as options, bonds and stocks.

Dimensional Fund Advisors Lp manages all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell judgments without needing to seek client authorization. The firm's average account size is $1.2 billion. An average advisor at Dimensional Fund Advisors Lp manages about one client account, making it one of the most individualized advisor firms in the country.

The firm's headquarters is at 6300 Bee Cave Road, Austin, Texas 78746. It is permitted to serve investors across 51 U.S. states and territories.

Assets Under Management

$569.3 billion

Number of Advisors

353

Disclosures

No

Office Location

6300 Bee Cave Road
Austin, TX 78746

Dimensional Fund Advisors Lp by the Numbers

Total Assets Under Management

$569.3 billion

National Average: $3.3 billion
Total Number of Employees

1,001

National Average: 31
Total Number of Accounts

468

National Average: 1,935
Average Account Size

$1.2 billion

National Average: $1.7 million

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Fee Structure

Financial advisory fees depend on the financial services offered. However, fee types billed by Dimensional Fund Advisors Lp most likely include some combination of the following fee structures: asset-based, fixed or performance-based. The firm does not supply a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 72% 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 39% 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 customers. The company 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 468 accounts, Dimensional Fund Advisors Lp's biggest 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 a person 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). Around 28% of its customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 5.38%
  • Other Individuals - 0%
  • Corporations - 92.26%
  • Charitable Organizations - 2.37%

* 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

Marcus Axthelm
Austin, TX
Molly Johnson
Austin, TX
Stephen Rodriguez
Austin, TX
Kevin Tiernan
Austin, TX
Tristan Miller
Austin, TX
Tyler Drust
Austin, TX
Trace Williams
Austin, TX
Aaron Alley
Austin, TX
John Dashtara
Austin, TX

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This content was compiled from the SEC and FINRA