Duration Asset Management, LLC (Dallas)

Duration Asset Management, LLC is a large advisory firm based in Dallas. It manages $268.46 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Georgia, Illinois, Louisiana, and 5 other states.

Duration 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.

Duration Asset Management: assets under management

The assets under management (AUM) of Duration Asset Management, LLC is $268.46 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $268.46 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $22.37 million each.

Investments

The firm invests in government bonds the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Duration Asset Management, 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 Duration Asset Management serves?

The only and largest group of clients of Duration Asset Management is high net worth individuals with 5 clients and $268.46 million of assets under management. Among the 12 most similar advisory firms, Duration Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $268.46 million for 5 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.

Duration Asset Management doesn't advise any private funds.

Careers at Duration Asset Management, LLC

The company employs 2 people that are either part- or full-time employees. 50 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
Llc Quahadi Holdings	Member	1 Aug 2018	75% - 100%	82-5199431
Stephen Bishop Smith	President, chief compliance officer, and manager	1 Aug 2018	Other	428986

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Bishop Smith	Member	1 Apr 2018	75% - 100%	428986

Based in Dallas

The principal office where Duration Asset Management, LLC performs its advisory services is located at 2100 Ross Avenue, Dallas, TX 75201 The mailing address of the firm is 2100 Ross Avenue, Dallas, TX 75201. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (214) 420-0300 or by fax (214) 420-0300. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.