The Doman Group, LLC (New York)


The Doman Group, LLC is a large advisory firm based in New York. It manages $211 million of regulatory assets for 62 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, New Jersey, New York, and Texas.

The Doman Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Doman Group: assets under management

The assets under management (AUM) of The Doman Group, LLC is $211 million. The firm's AUM has grown by 696% since the beginning of its operation, and $1.85 million of the total AUM is attributable to clients outside of the United States.

The firm manages $186 million in discretionary accounts and $25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.15 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.33 million.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Doman Group, LLC 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.

What kind of clients The Doman Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of The Doman Group is high net worth individuals with 34 clients and $171.98 million of assets under management. Among the 10 most similar advisory firms, The Doman Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $211 million for 61 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

The Doman Group doesn't advise any private funds.

Careers at The Doman Group, LLC

The company employs 7 people that are either part- or full-time employees. 43 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
Mark Steven Doman Managing member 1 Nov 2011 Other 5669568
Llc Doman Management Group Member 1 Nov 2011 75% - 100% 45-4066895
Rgm Sports Llc Member 1 Nov 2011 Other 45-4001399
Mark M. Peixoto Chief operating officer 1 Apr 2012 Other 4782526
Drew Lawrence Fabrikant Chief compliance officer 1 Dec 2013 Other 6278934
Stephanie Louise Kilpatrick Chief financial officer 1 Aug 2014 Other xxx-xx-xxxx
Mark Steven Doman Chief compliance officer 1 Dec 2015 75% - 100% 5669568

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Robert Glenn Morris Member 1 Nov 2011 75% - 100% 3223170

Based in New York

The principal office where The Doman Group, LLC performs its advisory services is located at 5 Penn Plaza, New York, NY 10001, 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 212-991-8106 or by fax 212-937-3835. The normal business hours are 9am-6pm on Monday - Friday. You can find more information about the New York firm at domangroup.com/ and its LinkedIn profile.