Dock Street Asset Management Inc (Scarsdale)

Name: Dock Street Asset Management Inc
Address: 2 Spencer Place, Scarsdale, NY, 10583
Telephone: 203-532-9470

Dock Street Asset Management Inc is a large advisory firm based in Scarsdale. It manages $380.63 million of regulatory assets for 202 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 4 other states.

Dock Street Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dock Street Asset Management: assets under management

The assets under management (AUM) of Dock Street Asset Management Inc is $380.63 million. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $363.3 million in discretionary accounts and $17.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.87 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.17 million.

Dock Street Asset Management has custody of $48.58 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Dock Street Asset Management Inc 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 Dock Street Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Dock Street Asset Management is high net worth individuals with 46 clients and $356.6 million of assets under management. Among the 9 most similar advisory firms, Dock Street Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $361.94 million for 60 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.

Dock Street Asset Management doesn't advise any private funds.

Careers at Dock Street Asset Management Inc

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Daniel Albert Ogden	President and chief compliance officer	1 Jan 1993	75% - 100%	1566916
Thomas H Hodgman	Managing director	1 Jan 1996	25% - 50%	4359986
Thomas F Hodgman	Managing director	1 Jan 1996	25% - 50%	4359986
Charles H King	Managing director	1 Jan 1996	25% - 50%	2121401
Ralph Edwin Hickman	Managing director	1 Mar 2002	Other	2105116
Evan Richard Mcgoff	Vice president	1 Dec 2017	Other	5917091

Based in Scarsdale

The principal office where Dock Street Asset Management Inc performs its advisory services is located at 2 Spencer Place, Scarsdale, NY 10583, 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 203-532-9470 or by fax 203-531-0666. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at dockstreet.net.