Dimensional Fund Advisors LP is a large advisory firm based in Austin. It manages $569.31 billion of regulatory assets for 468 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Dimensional Fund Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Dimensional Fund Advisors LP is $569.31 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 596% since the beginning of its operation, and $76.56 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Dimensional Fund Advisors LP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Dimensional Fund Advisors is investment companies with 178 clients and $467.63 billion of assets under management. Among the 10 most similar advisory firms, Dimensional Fund Advisors has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $568.36 billion for 465 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 28% of the firm’s clients are foreign persons or businesses.
Dimensional Fund Advisors also advises several private funds. Namely, one hedge fund and four other private funds.
The company employs 1,001 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 228 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.
The principal office where Dimensional Fund Advisors LP performs its advisory services is located at 6300 Bee Cave Road, Austin, TX 78746, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 512-306-7400 or by fax 512-306-7499. The normal business hours are 6:30 a.m. to 5:00 p.m. (central time) on Monday - Friday. You can find more information about the New York firm at us.dimensional.com and its LinkedIn profile.