Dhr Investment Counsel Ltd (Oakland)

Name: Dhr Investment Counsel Ltd
Address: 5435 College Ave, Oakland, CA, 94618
Telephone: 510-596-2580

Dhr Investment Counsel Ltd is a large advisory firm based in Oakland. It manages $349.4 million of regulatory assets for 691 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Dhr Investment Counsel provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dhr Investment Counsel: assets under management

The assets under management (AUM) of Dhr Investment Counsel Ltd is $349.4 million. The firm's AUM has grown by 75% since the beginning of its operation, and $1.47 million of the total AUM is attributable to clients outside of the United States.

The firm manages $288.73 million in discretionary accounts and $60.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $597.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $291.67 thousand.

Dhr Investment Counsel has custody of $726.16 thousand in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dhr Investment Counsel Ltd for their services and products based on a percentage of assets under management, hourly charges, 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 Dhr Investment Counsel serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Dhr Investment Counsel is high net worth individuals with 92 clients and $311.52 million of assets under management. Among the 7 most similar advisory firms, Dhr Investment Counsel has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $335.41 million for 160 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Dhr Investment Counsel doesn't advise any private funds.

Careers at Dhr Investment Counsel Ltd

The company employs 6 people that are either part- or full-time employees. 50 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.

Charles Otto Benziger joined the executive team most recently as the Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mary Louise Rothmanriemer	Chief compliance officer and cfo	1 Oct 1998	50% - 75%	2079287
Davis Hans Riemer	Chief executive officer	1 Oct 1998	50% - 75%	376457
Charles Otto Benziger	Principal	1 Sep 2017	Other	2624958

Based in Oakland

The principal office where Dhr Investment Counsel Ltd performs its advisory services is located at 5435 College Ave, Oakland, CA 94618, 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 510-596-2580 or by fax 510-596-2590. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at dhrcounsel.com.