Dsm Capital Partners LLC (Palm Beach Gardens)

Name: Dsm Capital Partners LLC
Address: 7111 Fairway Drive, Suite 350, Palm Beach Gardens, FL, 33418
Telephone: 561-618-4000

Dsm Capital Partners LLC is a large advisory firm based in Palm Beach Gardens. It manages $6.13 billion of regulatory assets for 1,873 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Dsm Capital Partners 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.

Dsm Capital Partners: assets under management

The assets under management (AUM) of Dsm Capital Partners LLC is $6.13 billion. The firm's AUM has grown by 11839% since the beginning of its operation, and $1.64 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.03 billion in discretionary accounts and $106.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.51 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $681.41 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dsm Capital Partners LLC 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 Dsm Capital Partners serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Dsm Capital Partners is state or municipal government entities with 8 clients and $1.04 billion of assets under management. Among the 9 most similar advisory firms, Dsm Capital Partners has the 3rd highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $4.62 billion for 574 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Dsm Capital Partners also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Dsm Capital Partners LLC

The company employs 25 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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
Stephen Edward Memishian	Co-managing member, chief operating officer	1 Feb 2001	50% - 75%	1478007
Daniel Bruce Strickberger	Co-managing member, chief investment officer	1 Feb 2001	50% - 75%	1093896
Russell Scott Katz	General counsel, chief compliance officer	1 Jan 2011	Other	2824488

Based in Palm Beach Gardens

The principal office where Dsm Capital Partners LLC performs its advisory services is located at 7111 Fairway Drive, Suite 350, Palm Beach Gardens, FL 33418, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-618-4000 or by fax 561-618-4010. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at dsmcapital.com.