Daniels + Tansey, L.L.P. (Wilmington)

Name: Daniels + Tansey, L.L.P.
Address: 1013 Centre Road, Wilmington, DE, 19805
Telephone: 302-594-1070

Daniels + Tansey, L.L.P. is a large advisory firm based in Wilmington. It manages $359.83 million of regulatory assets for 678 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Delaware, Florida, Maryland, and Pennsylvania.

Daniels + Tansey provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consultation, expert witness,litigation support. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Daniels + Tansey: assets under management

The assets under management (AUM) of Daniels + Tansey, L.L.P. is $359.83 million. The firm's AUM has grown by 471% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $352.18 million in discretionary accounts and $7.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $622.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $68.31 thousand.

Daniels + Tansey has custody of $53.75 million in cash and securities for 65 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Daniels + Tansey, L.L.P. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Daniels + Tansey serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Daniels + Tansey is high net worth individuals with 125 clients and $268.7 million of assets under management. Among the 7 most similar advisory firms, Daniels + Tansey has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $359.83 million for 385 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Daniels + Tansey doesn't advise any private funds.

Careers at Daniels + Tansey, L.L.P.

The company employs 12 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Frank Daniels	Partner, chief compliance officer	1 Jan 2004	25% - 50%	60681
Devon Williams Daniels	Partner	1 Jan 2004	25% - 50%	855665
Adele P. Mcintosh	Partner	1 Jan 2004	Other	4491972
Susan P. Benson	Partner	1 Jan 2004	Other	4491966
Ann Taylor Tansey	Partner	1 Jan 2004	25% - 50%	4491976
George David Biddle	Partner	1 Nov 2005	Other	2288780
Andrew Christopher Zimmerman	Partner, chief investment strategist	1 Aug 2008	Other	5117248
Margaret C Ritter	Partner, portfolio manager	1 Aug 2008	Other	1079005
Jonathan Darrell Smith	Partner, chief investment officer	1 Aug 2008	Other	2655073
Daniel Neumann Mullen	Chief compliance officer	1 Jul 2009	Other	2708266

Based in Wilmington

The principal office where Daniels + Tansey, L.L.P. performs its advisory services is located at 1013 Centre Road, Wilmington, DE 19805, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 302-594-1070 or by fax 302-594-1074. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at danielstansey.com.