Dimensional Fund Advisors Lp

CRD#106482
Investment Advisor Firm

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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