Davy Asset Management Limited (Dublin 2)

Name: Davy Asset Management Limited
Address: Davy House, Dublin 2, D02 Py05
Telephone: 353 1 6148874

Davy Asset Management Limited is a large advisory firm based in Dublin 2. It manages $6.23 billion of regulatory assets for 82 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Illinois.

Davy Asset Management Limited provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Davy Asset Management Limited: assets under management

The assets under management (AUM) of Davy Asset Management Limited is $6.23 billion. The firm's AUM has grown by 75% since the beginning of its operation, and $6.23 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.23 billion in discretionary accounts and $1.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $78.9 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $545.78 thousand.

Investments

The firm invests in pooled investment vehicles the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in other assets form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Davy Asset Management Limited 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 Joan Mcgrath serves?

The firm provides services to individuals, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Joan Mcgrath is pooled investment vehicles with 59 clients and $6.03 billion of assets under management. Among the 10 most similar advisory firms, Davy Asset Management Limited has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.23 billion for 82 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Davy Asset Management Limited also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Davy Asset Management Limited

The company employs 32 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Joan Mcgrath has been acting as President since 1 Jan 2014. Neil Vincent Mulvey joined the executive team most recently as the Head Of Finance.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Greenbay Acquisitions Limited	Direct entity	1 Jan 2014	75% - 100%	foreign entity
Peter Philip Newman	Cfo	1 Jan 2014	Other	4811169
Eamonn Gerard Doyle	Coo	1 Jan 2014	Other	4955693
Ger Knowles	Cco	1 Jan 2014	Other	5696627
Joan Mcgrath	Director	1 Jan 2014	Other	6348700
Paul O'shea	Director	1 Jan 2014	Other	6348703
Greenbay Acquisitions Limited	Direct entity	1 May 2014	75% - 100%	foreign entity
Peter Philip Newman	Cfo	1 May 2014	Other	4811169
Eamonn Gerard Doyle	Coo	1 May 2014	Other	4955693
Ger Knowles	Cco	1 May 2014	Other	5696627
Joan Mcgrath	Director	1 May 2014	Other	6348700
Paul O'shea	Director	1 May 2014	Other	6348703
Paul Raymond Giblin	Ceo and director	1 Oct 2014	Other	2971851
Philip Jefferson	Director	1 Jan 2016	Other	6628160
Neil Vincent Mulvey	Head of finance	1 Jul 2016	Other	5239404

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Amber Note	Shareholder	1 Jan 2014	75% - 100%	foreign entity
White Note Limited	Shareholder	1 Jan 2014	75% - 100%	foreign entity
Green Note	Shareholder	1 Jan 2014	75% - 100%	foreign entity
J&E Davy Holdings	Shareholder	1 Jan 2014	75% - 100%	foreign entity
J&E Davy	Shareholder	1 Jan 2014	75% - 100%	foreign entity
Amber Note	Shareholder	1 May 2014	75% - 100%	foreign entity
White Note Limited	Shareholder	1 May 2014	75% - 100%	foreign entity
Green Note	Shareholder	1 May 2014	75% - 100%	foreign entity
J&E Davy Holdings	Shareholder	1 May 2014	75% - 100%	foreign entity
J&E Davy	Shareholder	1 May 2014	75% - 100%	foreign entity

Based in Dublin 2

The principal office where Davy Asset Management Limited performs its advisory services is located at Davy House, Dublin 2, D02 Py05, which is also the mailing address of the firm. An additional office of the firm is in Oakbrook Terrace, IL. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 353 1 6148874 or by fax 353 1 6143322. The normal business hours are 9am-5:30pm on Monday - Friday. You can find more information about the New York firm at davy.ie/asset-management.