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 a financial advisor firm headquartered in Austin, Texas. It administers $569.3 billion in assets across 468 customer accounts, placing it among the biggest investment advisory firms in the country by assets under management (AUM). The company has a very large group of 1,001 employees, of which 353 are financial advisors. Dimensional Fund Advisors Lp is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as bonds, stocks and options.

    Dimensional Fund Advisors Lp manages all of its client assets in a discretionary manner. Discretionary management means that buy and sell judgments are made by a portfolio manager without requiring the client's authorization. The investment advisory firm's average account size is $1.2 billion. The average advisor at Dimensional Fund Advisors Lp administers around one client account, making it one of the most individualized firms in the country.

    The firm's headquarters is at 6300 Bee Cave Road, Austin, Texas 78746. The firm is allowed to serve customers across 52 U.S. states and territories.

    Assets Under Management

    $569.3 billion

    Number of Advisors

    353

    Fee Structure

    Asset-based, Fixed, Performance-based

    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: 4,943
    Total Number of Accounts

    468

    National Average: 2,522
    Average Account Size

    $1.2 billion

    National Average: $1.3 million

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    Fee Structure

    Fees for financial management typically are based on the financial services offered. However, fees billed by Dimensional Fund Advisors Lp can include the following fee structures: asset-based, fixed or performance-based. The company does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 75% 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 37% 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 3% 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 firm manages money for a number of different investors. The firm 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 is investment companies, though it also caters to 25 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). About 28% of the firm's clients are from outside of the U.S.

    • 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

    John Dashtara
    Austin, TX
    Dennis Chamberlain
    Austin, TX
    Griffin Watkins
    Austin, TX
    Graham Dorland
    Austin, TX
    John Resurreccion
    Austin, TX
    Stanton Mcshurley
    Austin, TX
    Nathan Pratt
    Charlotte, NC
    Roger Trinwith
    Santa Monica, CA
    Clayton Boone
    Austin, TX

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    This content was compiled from the SEC and FINRA