Dunham & Associates Investment Counsel, Inc. (San Diego)

Name: Dunham & Associates Investment Counsel, Inc.
Address: 10251 Vista Sorrento Pky, San Diego, CA, 92121
Telephone: 858-964-0500

Dunham & Associates Investment Counsel, Inc. is a large advisory firm based in San Diego. It manages $1.65 billion of regulatory assets for 6,395 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Connecticut, and Nevada.

Dunham & Associates Investment Counsel provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and asset-allocation services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dunham & Associates Investment Counsel: assets under management

The assets under management (AUM) of Dunham & Associates Investment Counsel, Inc. is $1.65 billion. The firm's AUM has grown by 113% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.54 billion in discretionary accounts and $112.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $263.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $199.83 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dunham & Associates Investment Counsel, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 Jeffrey Alan Dunham serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jeffrey Alan Dunham is high net worth individuals with 1,403 clients and $924.91 million of assets under management. Among the 10 most similar advisory firms, Dunham & Associates Investment Counsel has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.65 billion for 6,395 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.

Dunham & Associates Investment Counsel also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Dunham & Associates Investment Counsel, Inc.

The company employs 31 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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.

Jeffrey Alan Dunham has been acting as President since 1 Sep 1985. Joseph Peter Ii Kelly joined the executive team most recently as the Chief Legal Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Alan Dunham	President	1 Sep 1985	Other	1149167
Denise Sue Ms. Iverson	Cfo	1 Sep 1999	Other	4007384
Inc. Dunham & Associates Holdings	Shareholder	1 Jan 2000	75% - 100%	33-0883545
Hilarey May Findeisen	Operations director	1 Jan 2000	Other	2841188
James Robert Kearny	Chief compliance officer	1 May 2006	Other	2508390
Kurt R Nunez	Director of client services	1 Jun 2007	Other	4327653
Salvatore Michael Capizzi	Chief sales and marketing officer	1 Jan 2008	Other	1037757
Tamara Beth Wendoll	Chief operating officer	1 Sep 2008	Other	2582859
David Lee Holmes	Portfolio manager/iar	1 Feb 2009	Other	1296646
Scott Athan Mr. Albright	Sr. analyst/portfolio manager/iar	1 Mar 2009	Other	4906843
Kurt R Nunez	Chief compliance officer	1 Sep 2010	Other	4327653
Tamara Beth Wendoll	Chief operating officer/chief compliance officer	1 Nov 2013	Other	2582859
Joseph Peter Ii Kelly	Chief legal officer	1 Nov 2013	Other	6268052
Joseph Peter Ii Kelly	Chief legal officer/chief compliance officer	1 Nov 2014	Other	6268052

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Alan Dunham	Shareholder	1 Jan 2000	75% - 100%	1149167

Based in San Diego

The principal office where Dunham & Associates Investment Counsel, Inc. performs its advisory services is located at 10251 Vista Sorrento Pky, San Diego, CA 92121 The mailing address of the firm is P.O. Box 910309, San Diego, CA 92191. An additional office of the firm is in Reno, NV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-964-0500 or by fax 858-964-0505. The normal business hours are mon-thurs 6:00am to 6:00pm, fri 6:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at dunham.com and its LinkedIn profile.