Dorsey Asset Management
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Overview
Dorsey Asset Management is a financial advisory firm based in Chicago, Illinois. Dorsey Asset Management handles $1.0 billion in total assets over 12 client accounts, placing it among the bigger financial advisory firms in the nation by assets under management (AUM). Dorsey Asset Management has a small group, including 5 financial advisors. Dorsey Asset Management does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal investments like bonds, stocks and options.
Dorsey Asset Management administers all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell decisions are made by a portfolio manager without needing to seek the client's approval. The firm manages an average of $83.5 million for each client account. An average financial advisor at Dorsey Asset Management administers about two client accounts, placing it among the most personalized financial advisor firms in the country.
The firm's main office is at 150 North Wacker Dr, Chicago, Illinois 60606.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Dorsey Asset Management by the Numbers
$1.0 billion
7
12
$83.5 million
Fee Structure
Financial advisory fees usually depend on which services the firm provides the client. However, fees charged by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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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 company caters to high net worth investors, pooled investment vehicles and charitable organizations. Out of its 12 accounts, Dorsey Asset Management's biggest client type is charitable organizations, though it also caters to one high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person 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). About 17% of the firm's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 8.33%
- Other Individuals - 0%
- Corporations - 25%
- Charitable Organizations - 66.67%
* 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
Dorsey Asset Management does not have any disclosures.
Please visit its Form ADV for more details.
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