D.B. Root & Company, LLC (Pittsburgh)

Name: D.B. Root & Company, LLC
Address: 436 Seventh Avenue, Pittsburgh, PA, 15219
Telephone: 412-227-2800

D.B. Root & Company, LLC is a large advisory firm based in Pittsburgh. It manages $644.27 million of regulatory assets for 2,517 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Colorado, Florida, and 14 other states.

D.B. Root & Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

D.B. Root & Company: assets under management

The assets under management (AUM) of D.B. Root & Company, LLC is $644.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 90% since the beginning of its operation, and $526.52 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $644.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $255.97 thousand each.

D.B. Root & Company has custody of $188.2 million in cash and securities for 209 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay D.B. Root & Company, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 D.B. Root & Company serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of D.B. Root & Company is individuals with 848 clients and $464.54 million of assets under management. Among the 11 most similar advisory firms, D.B. Root & Company has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $627.77 million for 885 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.B. Root & Company doesn't advise any private funds.

Careers at D.B. Root & Company, LLC

The company employs 21 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 12 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
Heather Ann Ostrowski	Chief compliance officer	1 Aug 2015	Other	4032832
David Bond Root	Chief executive officer and elected manager	1 Aug 2015	Other	1270361
Inc. D.B. Root Management	Parent holding company	1 Jul 2017	75% - 100%	25-1733909
Jodi Lynn Landucci	Chief compliance officer	1 Jul 2019	Other	4490239

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
David Bond Root	Shareholder	1 Jul 2017	75% - 100%	1270361

Based in Pittsburgh

The principal office where D.B. Root & Company, LLC performs its advisory services is located at 436 Seventh Avenue, Pittsburgh, PA 15219, which is also the mailing address of the firm. An additional office of the firm is in Toledo, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-227-2800 or by fax 412-227-2805. 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 dbroot.com.