Dann Asset Advisors, LLC (New York)

Name: Dann Asset Advisors, LLC
Address: 90 Riverside Drive, New York, NY, 10024 5308
Telephone: 917-575-5307

Dann Asset Advisors, LLC is a mid-sized advisory firm based in New York. It manages $98.37 million of regulatory assets for 99 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Dann Asset Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dann Asset Advisors: assets under management

The assets under management (AUM) of Dann Asset Advisors, LLC is $98.37 million. The firm's AUM has grown by 63% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $89.5 million in discretionary accounts and $8.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.12 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $467.06 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dann Asset Advisors, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Dann Asset Advisors serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Dann Asset Advisors is high net worth individuals with 29 clients and $77.99 million of assets under management. Among the 9 most similar advisory firms, Dann Asset Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $98.37 million for 46 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.

Dann Asset Advisors doesn't advise any private funds.

Careers at Dann Asset Advisors, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Geoffrey Winston Dann	President, managing member, chief compliance officer	1 Feb 2011	75% - 100%	1756273
Lauri Novick	Member	1 Feb 2011	Other	5899675

Based in New York

The principal office where Dann Asset Advisors, LLC performs its advisory services is located at 90 Riverside Drive, New York, NY 10024 5308, 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 917-575-5307 or by fax 1-646-304-3017. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at dannasset.com.