Douglas Lane & Associates, LLC (New York)

Name: Douglas Lane & Associates, LLC
Address: 777 Third Avenue, New York, NY, 10017
Telephone: 212-262-7670

Douglas Lane & Associates, LLC is a large advisory firm based in New York. It manages $4.88 billion of regulatory assets for 1,195 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.

Douglas Lane & Associates 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 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Douglas Lane & Associates: assets under management

The assets under management (AUM) of Douglas Lane & Associates, LLC is $4.88 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and $49.69 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.88 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.09 million each.

Douglas Lane & Associates has custody of $4.2 billion in cash and securities for 1,231 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Douglas Lane & Associates, LLC 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 Douglas Lane & Associates serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Douglas Lane & Associates is high net worth individuals with 778 clients and $3.99 billion of assets under management. Among the 7 most similar advisory firms, Douglas Lane & Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.88 billion for 1,195 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Douglas Lane & Associates doesn't advise any private funds.

Careers at Douglas Lane & Associates, LLC

The company employs 34 people that are either part- or full-time employees. 24 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 9 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Nicole Anne Solinga Stasi	Chief compliance officer	1 Jan 2016	Other	6599932
Llc Focus Operating	Member (manager)	1 Jan 2016	75% - 100%	20-8161914
Edward Dakin Dewees	Managing partner	1 Jan 2016	Other	2505417
Sarat Sethi	Managing partner	1 Jan 2016	Other	2937931

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Centerbridge Associates Ii	General partner	1 Jul 2013	Other	27-3060145
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in New York

The principal office where Douglas Lane & Associates, LLC performs its advisory services is located at 777 Third Avenue, New York, NY 10017, 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 212-262-7670 or by fax 212-262-2801. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at dclainc.com.