Design Asset Management, LLC (Kansas City)

Design Asset Management, LLC is an adviser based in Kansas City. It manages $22.05 million of regulatory assets for 124 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Illinois, Kansas, and Missouri.

Design Asset Management 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.

Design Asset Management: assets under management

The assets under management (AUM) of Design Asset Management, LLC is $22.05 million. The firm's AUM has gone down by -87% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $22.02 million in discretionary accounts and $29.29 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $179.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $29.29 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in non-exchange traded securities form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Design Asset Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Henry Stephen Lane serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Henry Stephen Lane is individuals with 55 clients and $18.17 million of assets under management. Among the 1 most similar advisory firms, Design Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $22.05 million for 58 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Design Asset Management doesn't advise any private funds.

Careers at Design Asset Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Henry Stephen Lane has been acting as President since 1 Aug 2019. Edward Lawrence Condon joined the executive team most recently as the Managing Member And Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edward Lawrence Condon	Managing member and cco	1 Feb 2014	75% - 100%	1647017
Henry Stephen Lane	Member	1 Feb 2014	Other	4875838
Henry Stephen Lane	President/owner/managing member and cco	1 Aug 2019	75% - 100%	4875838

Based in Kansas City

The principal office where Design Asset Management, LLC performs its advisory services is located at 1215 W 64 Th Terrace, Kansas City, MO 64113, 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 913-717-7597. The normal business hours are 8:30am - 5:00 pm on Monday - Friday.