Daniel Devine & Company (Delray Beach)

Name: Daniel Devine & Company
Address: 365 Se 6 Th Ave., S 305, Delray Beach, FL, 33483 5297
Telephone: 561-279-1258

Daniel Devine & Company is a large advisory firm based in Delray Beach. It manages $258.15 million of regulatory assets for 71 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and New Hampshire.

Daniel Devine & Company provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Daniel Devine & Company: assets under management

The assets under management (AUM) of Daniel Devine & Company is $258.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 131% since the beginning of its operation, and $209.89 million of the total AUM is attributable to clients outside of the United States.

The firm manages $258.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.64 million each.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is government bonds, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Daniel Devine & Company 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 Daniel Devine & Company serves?

The only and largest group of clients of Daniel Devine & Company is high net worth individuals with 71 clients and $258.15 million of assets under management. Among the 10 most similar advisory firms, Daniel Devine & Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $258.15 million for 71 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 23% of the firm’s clients are foreign persons or businesses.

Daniel Devine & Company doesn't advise any private funds.

Careers at Daniel Devine & Company

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Daniel Edward Devine	President, chief compliance officer	1 Mar 2004	75% - 100%	1026886
Kimberly Lynne Pierce	Vice-president	1 Mar 2004	Other	4642159

Based in Delray Beach

The principal office where Daniel Devine & Company performs its advisory services is located at 365 Se 6 Th Ave., S 305, Delray Beach, FL 33483 5297 The mailing address of the firm is 7220 W. Cypresshead Drive, Parkland, FL 33067 2310. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-279-1258 or by fax 561-279-1342. The normal business hours are 9:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at ddevine.co.