D.A. Davidson & Co. is a large advisory firm based in Great Falls. It manages $17.11 billion of regulatory assets for 53,308 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 46 other states.
D.A. Davidson & provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 5,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of D.A. Davidson & Co. is $17.11 billion. The firm's AUM has grown by 3053% since the beginning of its operation, and $13.91 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay D.A. Davidson & Co. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based fees. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. 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, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Donald Warren Jr Crowell is high net worth individuals with 8,020 clients and $8.28 billion of assets under management. Among the 5 most similar advisory firms, D.A. Davidson & has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $17.11 billion for 42,958 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.
D.A. Davidson & also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 630 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 630 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Donald Warren Jr Crowell has been acting as President since 1 Aug 2013. Thomas Charles Nicholson joined the executive team most recently as the Principal Operations Officer.
The principal office where D.A. Davidson & Co. performs its advisory services is located at 8 Third Street North, Great Falls, MT 59401, which is also the mailing address of the firm. An additional office of the firm is in Bozeman, MT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 406-727-4200 or by fax 406-791-7380. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at dadco.com.