Ackerman Capital Advisors, LLC (Dallas)

Name: Ackerman Capital Advisors, LLC
Address: 5956 Sherry Lane, Dallas, TX, 75225
Telephone: 214-361-5383

Ackerman Capital Advisors, LLC is a large advisory firm based in Dallas. It manages $371.26 million of regulatory assets for 449 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Texas.

Ackerman Capital Advisors provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ackerman Capital Advisors: assets under management

The assets under management (AUM) of Ackerman Capital Advisors, LLC is $371.26 million. The firm's AUM has grown by 524% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $351.15 million in discretionary accounts and $20.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $812.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.18 million.

Ackerman Capital Advisors has custody of $31.95 million in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is non-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 Ackerman Capital Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ackerman Capital Advisors serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Ackerman Capital Advisors is high net worth individuals with 128 clients and $339.95 million of assets under management. Among the 7 most similar advisory firms, Ackerman Capital Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $370.85 million for 130 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.

Ackerman Capital Advisors also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Ackerman Capital Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 44 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 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
Edward Meyer Ackerman	Partner	1 Aug 2002	50% - 75%	4370925
David Ackerman	Manager	1 Aug 2002	50% - 75%	2430164
Edward Meyer Ackerman	Member	1 Dec 2002	25% - 50%	4370925
David Brouwer Ackerman	Member & chief compliance officer	1 Dec 2002	50% - 75%	2430164

Based in Dallas

The principal office where Ackerman Capital Advisors, LLC performs its advisory services is located at 5956 Sherry Lane, Dallas, TX 75225, 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 214-361-5383 or by fax 214-361-5115. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ackermancapital.com.