D.A. Davidson & Co. (Great Falls)

Name: D.A. Davidson & Co.
Address: 8 Third Street North, Great Falls, MT, 59401
Telephone: 406-727-4200

D.A. Davidson & Co. is a large advisory firm based in Great Falls. It manages $17.11 billion of regulatory assets for 53,308 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 46 other states.

D.A. Davidson & provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 5,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

D.A. Davidson &: assets under management

The assets under management (AUM) of D.A. Davidson & Co. is $17.11 billion. The firm's AUM has grown by 3053% since the beginning of its operation, and $13.91 million of the total AUM is attributable to clients outside of the United States.

The firm manages $14.33 billion in discretionary accounts and $2.78 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $302.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $468.15 thousand.

D.A. Davidson & has custody of $17.14 billion in cash and securities for 43,565 clients in total and acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay D.A. Davidson & Co. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based 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 Donald Warren Jr Crowell serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Donald Warren Jr Crowell is high net worth individuals with 8,020 clients and $8.28 billion of assets under management. Among the 5 most similar advisory firms, D.A. Davidson & has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $17.11 billion for 42,958 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.A. Davidson & also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at D.A. Davidson & Co.

The company employs 630 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 630 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Donald Warren Jr Crowell has been acting as President since 1 Aug 2013. Thomas Charles Nicholson joined the executive team most recently as the Principal Operations Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ian Bruce Davidson	Chairman	1 Feb 1958	Other	61570
Stuart Charles Nicholson	Senior vp, cfo, director	1 Apr 1969	Other	347790
D.A. Davidson Companies	Holding company	1 May 1986	75% - 100%	81-0439153
Davidson Companies	Parent corporation	1 May 1986	75% - 100%	81-0439153
Kreg Allen Jones	Senior vp, director	1 Dec 1992	Other	1003547
Raymond Edward Wooldridge	Director	1 Oct 1993	Other	472602
David Gene Dennis	Vice president, general counsel	1 Oct 1994	Other	2589384
James Douglas Searles	Senior registered options principal (srop)	1 Jan 1996	Other	724884
Diane Mary Irvine	Director	1 Jan 1998	Other	3237334
Arlene Marie Wilson	Vp, director of compliance	1 Jun 1998	Other	1562969
Gerald Lee Meyer	Senior vp, director	1 Mar 1999	Other	863670
Douglas Arthur Woodcock	Vp, director	1 Mar 1999	Other	1017390
James Douglas Searles	Senior registered options principal (srop)	1 May 1999	Other	724884
Vincent Michael Purpura	Director	1 Jan 2000	Other	831205
William Adam Jr Johnstone	President	1 Nov 2000	Other	2783493
John Hamilton Davant	Director	1 Jan 2001	Other	842182
Robert John Magnuson	Senior vp, director	1 Feb 2001	Other	317016
William Rex Thornton	Senior vp, director, fc, bom	1 Feb 2001	Other	1246657
Stuart Charles Nicholson	Director	1 Oct 2001	Other	347790
Thomas Steven Nelson	Senior vice president, cfo	1 Oct 2001	Other	1108782
Teresa Olcott Cohea	Vp, director	1 Feb 2002	Other	2410068
John Joseph Heffernan	Director	1 Feb 2002	Other	3254101
David Ryan Hultman	Vp, director	1 Feb 2002	Other	2157136
John Bergstrom Rogers	Vp, director	1 Feb 2002	Other	1220021
James Douglas Searles	Svp, director	1 Feb 2002	Other	724884
Garry Thomas Shea	Vp, director	1 Feb 2002	Other	420740
John Joseph Iii Heffernan	Director	1 Feb 2002	Other	3254101
Lawrence Todd Martinez	Svp, general counsel	1 Aug 2002	Other	4596308
Arlene Marie Wilson	Vp, director of compliance, director	1 Jan 2003	Other	1562969
Michael Lippard Bell	Svp, director	1 Jan 2003	Other	17449
Andrew Ian Davidson	Vp, director	1 Jan 2003	Other	2095600
Arvid James Grier	Svp, director of managed assets, director	1 Jan 2003	Other	1332593
Tracy Joe Swanson	Vp, director	1 Jan 2003	Other	1198271
Brenda Joyce Berg	Vp, director	1 Jan 2004	Other	2233403
Robert John Magnuson	Svp, director	1 Jan 2004	Other	317016
Douglas Berryman Nichols	Vp, director	1 Jan 2004	Other	347604
Daren James Shaw	Vp, director	1 Jan 2004	Other	1445392
William Adam Jr Johnstone	Vice president, director	1 May 2004	Other	2783493
Ronald Allen Tschetter	President	1 May 2004	Other	449939
Arlene Marie Wilson	Chief compliance officer	1 Oct 2004	Other	1562969
Ian Bruce Davidson	Chairman emeritus	1 Nov 2004	Other	61570
William Adam Jr Johnstone	Chief executive officer, director	1 Nov 2004	Other	2783493
James Russell Bradshaw	Vp, director	1 Feb 2005	Other	2317390
Frederic Howard Dickson	Svp, director	1 Feb 2005	Other	822358
Samuel Charles Doyle	Svp, director	1 Feb 2005	Other	801998
Bradley Edward Jr Dugdale	Vp, director	1 Feb 2005	Other	1049503
Jordan Werner	Svp, director of private client services	1 Feb 2005	Other	2150178
Thomas Charles Nicholson	Vp, director	1 Jan 2006	Other	1301932
James Cello Jr Rice	Svp, director	1 Jan 2006	Other	1994125
Susan Marie Skaar	Vp, director	1 Jan 2006	Other	2317937
Lawrence Todd Martinez	Svp, general counsel, chief administrative officer	1 Jan 2007	Other	4596308
Thomas Steven Nelson	Svp, cfo, coo, director	1 Jan 2007	Other	1108782
Scott Greg Anderson	Svp, director	1 Jan 2007	Other	1302548
Jacqueline Ann Beauprez	Avp, director	1 Jan 2007	Other	4075012
Thomas R Bishop	Svp, director	1 Jan 2007	Other	851320
Richard Merrill Howell	Svp, director	1 Jan 2007	Other	1111837
Douglas Arthur Woodcock	President of equity capital markets	1 Oct 2007	Other	1017390
Samuel Charles Doyle	President of fixed income capital markets	1 Oct 2007	Other	801998
James Patrick Kerr	President of private client group	1 Oct 2007	Other	824040
Bradley Owen Gevurtz	Svp, director	1 Jan 2008	Other	2839915
Patrick Kevin Fay	Svp, director	1 Jan 2008	Other	1022121
Thomas Steven Nelson	Svp, chief financial officer, director	1 Dec 2008	Other	1108782
Timothy George Austin	Svp, chief operations officer	1 Dec 2008	Other	1980963
Jacqueline Ann Beauprez	Vp, director	1 Jan 2009	Other	4075012
Joseph Michael Brady	Svp, director	1 Jan 2009	Other	720798
Janice Katherine Cochrane	Vp, director	1 Jan 2009	Other	1487219
Edward Patrick Jr Crotty	Svp, director	1 Jan 2009	Other	1913149
Brian Albert Brown	Director	1 Jan 2010	Other	2503691
Jeffrey John Decker	Director	1 Jan 2010	Other	1724886
Paul Jacob Grieger	Director	1 Jan 2010	Other	3076117
Siama Aileen Grison	Director	1 Jan 2010	Other	1330400
Alan John Sandler	Director	1 Jan 2011	Other	1012532
Monte Wayne Giese	Director	1 Jan 2011	Other	2272607
Arthur Piper Sims	Director	1 Jan 2011	Other	1588691
James Patrick Kerr	President d.a. davidson companies, director	1 Jan 2012	Other	824040
Wesley Dean Hall	Chief compliance officer	1 Oct 2012	Other	3128921
Donald Warren Jr Crowell	Director	1 Aug 2013	Other	1320520
Michael Joseph Purpura	President, individual investor group, director	1 Oct 2014	Other	2095576
William Adam Jr Johnstone	Executive chairman, d.a. davidson companies, director	1 Jan 2015	Other	2783493
James Patrick Kerr	President & ceo, d.a. davidson companies, director	1 Jan 2015	Other	824040
Thomas Steven Nelson	Chief financial officer, executive vice president, director	1 Oct 2016	Other	1108782
Lawrence Todd Martinez	President, d.a. davidson companies	1 Oct 2016	Other	4596308
James Patrick Kerr	Ceo, d.a. davidson companies, director	1 Oct 2016	Other	824040
Monte Wayne Giese	President of equity capital markets	1 Oct 2016	Other	2272607
Tammy Rae Beaver	Chief compliance officer (investment advisory only)	1 Oct 2016	Other	3228779
Jacqueline Ann Beauprez	Svp, general counsel	1 Jun 2017	Other	4075012
Jacqueline Ann Beauprez	Svp, cco & general counsel	1 Apr 2018	Other	4075012
Thomas Charles Nicholson	Principal operations officer	1 Oct 2018	Other	1301932

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ian Bruce Davidson	Chairman	1 May 1986	25% - 50%	61570
Ian Bruce Davidson	Chairman	1 Feb 2001	50% - 75%	61570
Employee Stock Ownership Plan And Trust	Shareholder	1 Sep 2001	25% - 50%	81-6032703
D.A. Davidson Trust Company	Trustee	1 Sep 2001	25% - 50%	81-0330104
Davidson Trust Co.	Trustee	1 Sep 2001	25% - 50%	81-0330104

Based in Great Falls

The principal office where D.A. Davidson & Co. performs its advisory services is located at 8 Third Street North, Great Falls, MT 59401, which is also the mailing address of the firm. An additional office of the firm is in Bozeman, MT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 406-727-4200 or by fax 406-791-7380. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at dadco.com.