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

$652.7 billion

1,096

818

$798.0 million
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
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
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
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Charlotte, NC
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