Dorsey, Wright & Associates, LLC (Richmond)


Dorsey, Wright & Associates, LLC is a large advisory firm based in Richmond. It manages $393.36 million of regulatory assets for 827 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.

Dorsey, Wright & Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, publication of newsletters, educational seminars and workshops, and research & chart services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dorsey, Wright & Associates: assets under management

The assets under management (AUM) of Dorsey, Wright & Associates, LLC is $393.36 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -47% since the beginning of its operation, and $6.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $393.36 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $475.65 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dorsey, Wright & Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tammy Fridley Derosier serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Tammy Fridley Derosier is high net worth individuals with 555 clients and $210.42 million of assets under management. Among the 11 most similar advisory firms, Dorsey, Wright & Associates has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $392.16 million for 824 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Dorsey, Wright & Associates doesn't advise any private funds.

Careers at Dorsey, Wright & Associates, LLC

The company employs 25 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 19 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.

Tammy Fridley Derosier has been acting as President since 1 Jan 2015. Terence Wade joined the executive team most recently as the Senior Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Watson Howell Wright Sec-treasurer, chief compliance officer 1 Jan 1987 Other 850612
Thomas John Dorsey President 1 Jan 1987 Other 812869
Tammy Fridley Derosier Executive vice president 1 Jul 2010 Other 2304207
Susan Leigh Morrison Senior vice president 1 Jul 2010 Other 1619038
James Churchill Ball Senior vice president 1 Jul 2010 Other 1543903
Inc. Dwa Legacy Holdings Owner 1 Oct 2011 75% - 100% 45-3066890
Llc Pfci Owner 1 Nov 2011 50% - 75% 45-3659735
William Edwin Mcmahan Director 1 Nov 2011 Other 2928080
Hugh Leon Mccoll Director 1 Nov 2011 Other 4494816
Marc Denis Oken Director 1 Nov 2011 Other 6009489
Maryann Bruce Director 1 Jan 2012 Other 1313061
Todd Holbrook Taylor Director 1 Jan 2012 Other 6034677
Sara Frazier Giegerich Chief compliance officer 1 Mar 2012 Other 5981851
Benjamin Thomas Fulton Director 1 Apr 2013 Other 1520661
Tammy Fridley Derosier President 1 Jan 2015 Other 2304207
Inc. The Nasdaq Omx Group Owner 1 Jan 2015 25% - 50% 52-1165937
Inc. Granite Redux Owner 1 Jan 2015 25% - 50% 26-0381632
Inc. Graniteblock Owner 1 Jan 2015 Other 45-3696266
Inc. Nasdaq Owner 1 Jan 2015 25% - 50% 52-1165937
Adena Testa Friedman Director 1 Jan 2015 Other 5907640
Lee Michael Shavel Director 1 Jan 2015 Other 2818382
Edward Stanley Knight Director 1 Jan 2015 Other 6457950
Lisa Patton Johnson Chief compliance officer 1 Mar 2016 Other 4168397
Jay Michael Gragnani Senior managing director 1 Jul 2016 Other 6011089
Michael Alan Sandler Chief compliance officer 1 Jul 2016 Other 2833578
Lisa Patton Johnson Chief compliance officer 1 Mar 2018 Other 4168397
Terence Wade Senior vice president 1 Dec 2018 Other 7052029

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Falffurias Equity Partners Llc General partner 1 Feb 2006 Other 43-2097203
Lp Falfurrias Capital Partners Owner 1 Jun 2007 75% - 100% 43-2097204
Inc. Granite Redux Owner 1 Aug 2011 50% - 75% 26-0381632
Thomas John Dorsey Owner 1 Oct 2011 50% - 75% 812869

Based in Richmond

The principal office where Dorsey, Wright & Associates, LLC performs its advisory services is located at 3300 W Leigh Street, Richmond, VA 23230, which is also the mailing address of the firm. An additional office of the firm is in Pasadena, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-320-8511. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at dorseywright.com.