Donnelly Steen & Company (Wilmington)

Name: Donnelly Steen & Company
Address: 1201 N. Orange Street, Wilmington, DE, 19801
Telephone: 888-657-5200

Donnelly Steen & Company is a large advisory firm based in Wilmington. It manages $309.67 million of regulatory assets for 1,454 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Connecticut, and 19 other states.

Donnelly Steen & Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Donnelly Steen & Company: assets under management

The assets under management (AUM) of Donnelly Steen & Company is $309.67 million. The firm's AUM has grown by 1006% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $300.64 million in discretionary accounts and $9.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $207.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.81 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Donnelly Steen & Company for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Donnelly Steen & Company

Charles Francis Reiling has been acting as President since 1 Sep 2014. Robert Turnbull Steen has served as the Chief Investment Officer since 1 May 2007. Matthew Dwayne Rakerd joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Edward Donnelly	Chief compliance officer	1 Apr 2005	50% - 75%	2276988
Robert Turnbull Steen	Chief investment officer	1 May 2007	50% - 75%	2365501
Robert E Davis	Financial advisor	1 Jun 2008	Other	5255982
Charles Francis Reiling	Managing partner	1 Jun 2008	Other	2916761
Steven Michael Richards	National sales manager	1 Nov 2008	Other	2169881
Stephen M Richards	National sales manager	1 Nov 2008	Other	4640910
Matthew Dwayne Rakerd	Principal	1 Jan 2010	Other	2516470
Orange Street Holdings Inc	Shareholder	1 Jan 2012	75% - 100%	45-3945205
Matthew Dwayne Rakerd	Chief compliance officer	1 Feb 2014	Other	2516470
Charles Francis Reiling	President	1 Sep 2014	Other	2916761

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Charles Francis Reiling	Shareholder	1 Nov 2011	25% - 50%	2916761
Michael Edward Donnelly	Shareholder	1 Nov 2011	50% - 75%	2276988
Matthew Dwayne Rakerd	Shareholder	1 Sep 2014	25% - 50%	2516470

Based in Wilmington

The principal office where Donnelly Steen & Company performs its advisory services is located at 1201 N. Orange Street, Wilmington, DE 19801, which is also the mailing address of the firm. An additional office of the firm is in York, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-657-5200 or by fax 302-250-4731. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at donnellysteen.com.