Dividend Assets Capital, LLC (Ridgeland)

Name: Dividend Assets Capital, LLC
Address: 58 Riverwalk Blvd., Ridgeland, SC, 29936 8126
Telephone: 843.645.9700

Dividend Assets Capital, LLC is a large advisory firm based in Ridgeland. It manages $717.53 million of regulatory assets for 969 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Colorado, Connecticut, and 18 other states.

Dividend Assets Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dividend Assets Capital: assets under management

The assets under management (AUM) of Dividend Assets Capital, LLC is $717.53 million. The firm's AUM has gone down by -9% since the beginning of its operation, and $2.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $713 million in discretionary accounts and $4.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $738.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.13 million.

Dividend Assets Capital has custody of $240.42 million in cash and securities for 326 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Dividend Assets Capital, LLC 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 Thomas William Lane Cameron serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas William Lane Cameron is individuals with 561 clients and $366.35 million of assets under management. Among the 6 most similar advisory firms, Dividend Assets Capital has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $717.53 million for 618 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.

Dividend Assets Capital doesn't advise any private funds.

Careers at Dividend Assets Capital, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 4 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.

Thomas William Lane Cameron has been acting as President since 1 Jan 2004. Jennifer Ann Ottosen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Troy Shaver	Ceo and senior portfolio manager	1 Jan 2004	Other	420440
Thomas William Lane Cameron	Chairman	1 Jan 2004	25% - 50%	38912
Einar Storm Trosdal	Managing director of portfolio strategy and senior portfolio manager	1 Apr 2004	Other	1227205
Willam Bailey Allin	Managing director-fixed income	1 Nov 2005	Other	4330357
Edward John Obuchowski	Chief financial officer	1 Jun 2007	Other	5472351
Jere Edward Estes	Chief investment officer, senior portfolio manager	1 Oct 2008	Other	856535
Anthony Jerome Ghoston	President, chief compliance officer, and chief operating officer	1 Apr 2010	Other	2221888
Inc. Employee Stock Ownership Plan Dividend Assets Capital Holdings	Employee stock ownership plan	1 Oct 2014	75% - 100%	47-6581148
Michael Wayne Nix	Managing director of investment strategy and portfolio manager	1 Nov 2014	Other	2627320
Deborah Anne Lamb	Chief compliance officer	1 Jun 2015	Other	828798
Jere Edward Estes	Economist and portfolio manager	1 Nov 2015	Other	856535
Jennifer Ann Ottosen	Chief compliance officer	1 Aug 2017	Other	5908074

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Lubbock National Bank	Trustee	1 Oct 2014	Other	75-1615725

Based in Ridgeland

The principal office where Dividend Assets Capital, LLC performs its advisory services is located at 58 Riverwalk Blvd., Ridgeland, SC 29936 8126, 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 843.645.9700 or by fax 843.645.9701. The normal business hours are 8:30 am - 4:30pm on Monday - Friday. You can find more information about the New York firm at dacapitalsc.com.