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.
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 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. 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.
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.
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.
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.