Davy Asset Management Limited is a large advisory firm based in Dublin 2. It manages $6.23 billion of regulatory assets for 82 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Illinois.
Davy Asset Management Limited 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 Davy Asset Management Limited is $6.23 billion. The firm's AUM has grown by 75% since the beginning of its operation, and $6.23 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Davy Asset Management Limited for their services and products based on a percentage of assets under management. 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, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Joan Mcgrath is pooled investment vehicles with 59 clients and $6.03 billion of assets under management. Among the 10 most similar advisory firms, Davy Asset Management Limited has the 5th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $6.23 billion for 82 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.
Davy Asset Management Limited also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.
The company employs 32 people that are either part- or full-time employees. 53 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joan Mcgrath has been acting as President since 1 Jan 2014. Neil Vincent Mulvey joined the executive team most recently as the Head Of Finance.
The principal office where Davy Asset Management Limited performs its advisory services is located at Davy House, Dublin 2, D02 Py05, which is also the mailing address of the firm. An additional office of the firm is in Oakbrook Terrace, IL. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 353 1 6148874 or by fax 353 1 6143322. The normal business hours are 9am-5:30pm on Monday - Friday. You can find more information about the New York firm at davy.ie/asset-management.