Donald Smith & Co., Inc. is a large advisory firm based in New York. It manages $2.88 billion of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2016.
Donald Smith & Co. provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of Donald Smith & Co., Inc. is $2.88 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -36% since the beginning of its operation, and $119.86 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Donald Smith & Co., Inc. 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.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Donald Smith & Co. is investment companies with 1 clients and $1.33 billion of assets under management. Among the 7 most similar advisory firms, Donald Smith & Co. has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $2.88 billion for 21 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.
Donald Smith & Co. also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 10 people that are either part- or full-time employees. 60 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.
The principal office where Donald Smith & Co., Inc. performs its advisory services is located at 152 W. 57 Th Street, New York, NY 10019, 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 212-284-0990 or by fax 212-284-0998. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at donaldsmithandco.com.