Detalus Advisors, LLC (St. Louis)

Name: Detalus Advisors, LLC
Address: 383 Marshall Avenue, St. Louis, MO, 63119
Telephone: 314-997-3191

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.

Detalus Advisors: assets under management

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 firm manages $451.46 million in discretionary accounts and $1.73 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $445.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $101.98 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 36% of the total AUM. The second-largest asset type is government bonds, which make up 21% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

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.

What kind of clients Detalus Advisors serves?

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.

Careers at Detalus Advisors, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Manchester Holdings Llc	Holding company	1 Jun 2001	75% - 100%	43-1946422
Clinton James Lewis	President, chief compliance officer	1 Jan 2003	Other	2471102

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph David Garea	Shareholder	1 Jun 2001	25% - 50%	3101150
Steven Mark Rull	Shareholder	1 Jun 2001	25% - 50%	1680820
Clinton James Lewis	Shareholder	1 Jan 2002	Other	2471102

Based in St. Louis

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.