Detalus Advisors, LLC is a large advisory firm based in St. Louis. It manages $2.19 billion of regulatory assets for 1,031 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Arizona, Colorado, and 8 other states.
Detalus Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Detalus Advisors, LLC is $2.19 billion. The firm's AUM has grown by 27% since the beginning of its operation, and $2.36 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Detalus Advisors, LLC for their services and products based on a percentage of assets under management and fixed 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.
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Detalus Advisors is insurance companies with 2 clients and $945.22 million of assets under management. Among the 11 most similar advisory firms, Detalus Advisors has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $2.19 billion for 505 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.
Detalus Advisors also advises several private funds. Namely, two venture capital funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $250,000.
The company employs 12 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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 receive compensation from other entities for client referrals.
The principal office where Detalus Advisors, LLC performs its advisory services is located at 383 Marshall Avenue, St. Louis, MO 63119, 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 314-997-3191 or by fax 314-997-3358. The normal business hours are 8:30a.m. to 5:00pm on Monday - Friday. You can find more information about the New York firm at detalus.com.