Wallace Capital Management, Inc. (Dallas)

Wallace Capital Management, Inc. is a large advisory firm based in Dallas. It manages $951.88 million of regulatory assets for 413 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, Louisiana, and Texas.

Wallace Capital Management provides portfolio management for individuals and small businesses, 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.

Wallace Capital Management: assets under management

The assets under management (AUM) of Wallace Capital Management, Inc. is $951.88 million. The firm's AUM has grown by 1486% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $918.3 million in discretionary accounts and $33.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.87 million.

Wallace Capital Management has custody of $137.59 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio. Investments in other assets form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wallace Capital Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Scott Trevor Wallace serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Scott Trevor Wallace is individuals with 307 clients and $325.75 million of assets under management. Among the 9 most similar advisory firms, Wallace Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $951.88 million for 398 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.

Wallace Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $1,000,000.

Careers at Wallace Capital Management, Inc.

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Scott Trevor Wallace has been acting as President since 1 Jan 2002. Blake Henry Estess joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Trevor Wallace	President/secretary	1 Jan 2002	50% - 75%	4511630
Jonathon Casey Hopkins Crenshaw	Shareholder	1 Jan 2002	Other	4511895
Thomas David Barrow	Shareholder	1 Jun 2002	Other	4876281
Christopher Lee Thomason	Vice president	1 Jul 2004	Other	4447630
William E. Rosenthal	Shareholder	1 Feb 2007	Other	6318817
Blake Henry Estess	Chief compliance officer	1 Jan 2010	Other	3250540

Based in Dallas

The principal office where Wallace Capital Management, Inc. performs its advisory services is located at 100 Crescent Court, Dallas, TX 75201, 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 214-303-0200 or by fax 214-303-0204. The normal business hours are by appointment on Other.