Dew Wealth Management, LLC (Scottsdale)

Name: Dew Wealth Management, LLC
Address: 8888 E. Raintree Drive, Scottsdale, AZ, 85260
Telephone: 480-614-9119

Dew Wealth Management, LLC is a large advisory firm based in Scottsdale. It manages $137.54 million of regulatory assets for 378 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Nebraska, and Texas.

Dew Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dew Wealth Management: assets under management

The assets under management (AUM) of Dew Wealth Management, LLC is $137.54 million. The firm's AUM has grown by 2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.56 million in discretionary accounts and $131.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.85 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $351.96 thousand.

Dew Wealth Management has custody of $16.05 million in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is state and local bonds, which make up 19% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dew Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Dew Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Dew Wealth Management is high net worth individuals with 77 clients and $118.59 million of assets under management. Among the 8 most similar advisory firms, Dew Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $137.13 million for 144 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.

Dew Wealth Management doesn't advise any private funds.

Careers at Dew Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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 doesn’t compensate 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
James Patrick Dew	Managing member and chief compliance officer	1 Jul 1999	75% - 100%	2683709

Based in Scottsdale

The principal office where Dew Wealth Management, LLC performs its advisory services is located at 8888 E. Raintree Drive, Scottsdale, AZ 85260, 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 480-614-9119 or by fax 480-614-2288. The normal business hours are m-th 8:30am - 4:30pm; friday 8:30am - 3:30pm on Monday - Friday. You can find more information about the New York firm at dewwealth.com.