Dagco, Inc. (Westlake)

Name: Dagco, Inc.
Address: 835 Sharon Drive, Westlake, OH, 44145 7703
Telephone: 440-899-4000

Dagco, Inc. is a large advisory firm based in Westlake. It manages $204.07 million of regulatory assets for 591 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Florida, Louisiana, and 4 other states.

Dag provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dag: assets under management

The assets under management (AUM) of Dagco, Inc. is $204.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 191% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $204.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $345.29 thousand each.

Investments

The firm invests in cash and cash equivalents the most. They account for 37% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in investment and business development companies form 28% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dagco, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 David Alan Gomersall 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 David Alan Gomersall is corporations or other businesses with 40 clients and $76.17 million of assets under management. Among the 8 most similar advisory firms, Dag has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $204.07 million for 288 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.

Dag doesn't advise any private funds.

Careers at Dagco, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

David Alan Gomersall has been acting as President since 1 Dec 1995. Kaye Elizabeth O'boyle joined the executive team most recently as the Chief Compliance Officer/Sec'y..

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Alan Gomersall	President	1 Dec 1995	50% - 75%	4373347
Nick Dionisos	Vice president and senior investment consultant	1 Jun 1997	25% - 50%	5318879
Kaye Elizabeth O'boyle	Chief compliance officer/sec'y.	1 Jan 2005	Other	4946863

Based in Westlake

The principal office where Dagco, Inc. performs its advisory services is located at 835 Sharon Drive, Westlake, OH 44145 7703, 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 440-899-4000 or by fax 440-899-9030. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at cornerstonewealthmgmt.com.