Dewitt Investment Research & Management Inc (Wayne)

Name: Dewitt Investment Research & Management Inc
Address: Strafford Office Bldg Two, Wayne, PA, 19087
Telephone: 610-975-4435

Dewitt Investment Research & Management Inc is a large advisory firm based in Wayne. It manages $93.83 million of regulatory assets for 139 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Louisiana, Michigan, New Jersey, and Pennsylvania.

Dewitt Investment Research & Management provides portfolio management for individuals and small businesses, selection of other advisers, and sub-advisor activities. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dewitt Investment Research & Management: assets under management

The assets under management (AUM) of Dewitt Investment Research & Management Inc is $93.83 million. The firm's AUM has grown by 253% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $86.67 million in discretionary accounts and $7.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $698.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $477.74 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in derivatives form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dewitt Investment Research & 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 Dewitt Investment Research & Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Dewitt Investment Research & Management is high net worth individuals with 16 clients and $74.68 million of assets under management. Among the 4 most similar advisory firms, Dewitt Investment Research & Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $93.83 million for 64 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.

Dewitt Investment Research & Management doesn't advise any private funds.

Careers at Dewitt Investment Research & Management Inc

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
David Treat Dewitt	President, secretary, treasurer, director/chief compliance officer	1 Feb 1996	75% - 100%	1055072

Based in Wayne

The principal office where Dewitt Investment Research & Management Inc performs its advisory services is located at Strafford Office Bldg Two, Wayne, PA 19087, 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 610-975-4435 or by fax 610-975-4437. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at dewittcm.com.