Dci, LLC (San Francisco)

Name: Dci, LLC
Address: 201 Spear Street, San Francisco, CA, 94105
Telephone: 415-764-1901

Dci, LLC is a large advisory firm based in San Francisco. It manages $5.16 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of California.

Dci provides 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.

Dci: assets under management

The assets under management (AUM) of Dci, LLC is $5.16 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 47% since the beginning of its operation, and $3.98 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.16 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $303.47 million each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 65% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 30% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dci, LLC for their services and products based on a percentage of assets under management and performance-based 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 Matthew Solo serves?

The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of David Matthew Solo is pooled investment vehicles with 10 clients and $3.28 billion of assets under management. Among the 10 most similar advisory firms, Dci has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.16 billion for 14 clients. 85% of the firm’s clients are foreign persons or businesses.

Dci also advises several private funds. Namely, nine hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $140,000,000.

Careers at Dci, LLC

The company employs 23 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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 Matthew Solo has been acting as President since 1 Apr 2004. Jon Robert Bailey joined the executive team most recently as the Chief Compliance Officer And Head Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Matthew Solo	Chairman	1 Apr 2004	Other	2228326
Richard Evan Donick	Principal;elected mgr	1 Apr 2004	Other	4628086
Steven John Dixon	Principal	1 Apr 2004	Other	4375517
Brian Tim Kasta	Principal;elected mgr	1 Apr 2004	Other	4904458
Stephen Kealhofer And Janet Ann Luck 1999 Family Trust	Member	1 Apr 2004	25% - 50%	xxx-xx-xxxx
The Donick/Cyr Revocable Trust	Member	1 Apr 2004	Other	xxx-xx-xxxx
Stephen Benson Kealhofer	Ceo, managing principal	1 Apr 2004	Other	4904457
Lp Mcquown Enterprises	Mng prin; member; class a,b	1 Apr 2004	Other	74-3033999
Ian Frank Drew	Principal; elected mgr; class b,d	1 May 2004	Other	4904794
Kathryn Lou Wheadon	Head of operations	1 Jul 2004	Other	4371627
Mdv Dci Holding Corporation	Member	1 Aug 2004	Other	20-1352520
The Dixon Revocable Trust	Member	1 Aug 2004	Other	xxx-xx-xxxx
Kathryn Lou Wheadon	Chief compliance officer	1 Aug 2004	Other	4371627
Ratamacue Corporation	Member	1 Jan 2009	Other	36-4340606
Tim Kasta 2002 Family Trust	Member	1 Dec 2011	Other	xxx-xx-xxxx
Sean Kreiger	Chief compliance officer and general counsel	1 Jul 2012	Other	5473663
Jon Robert Bailey	Chief compliance officer and head of operations	1 Aug 2015	Other	4166863

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven John Dixon	Trustee	1 Dec 1998	Other	4375517
John Andrew Mcquown	Partner	1 Apr 1999	Other	1495622
Stephen Benson Kealhofer	Trustee	1 Jun 1999	Other	4904457
David Matthew Solo	Ceo	1 Dec 1999	Other	2228326
Nancy Schoendorf	General partner	1 Oct 2000	Other	5656788
Jonathan Feiber	General partner	1 Oct 2000	Other	5656789
William Ericson	General partner	1 Mar 2001	Other	5656790
Erik Straser	General partner	1 Mar 2001	Other	5656791
Moez Virani	General partner	1 Mar 2001	Other	5656787
Brian Tim Kasta	Trustee	1 Mar 2002	Other	4904458
Richard Evan Donick	Trustee	1 May 2004	Other	4628086
L.P. Mdv Vii	Beneficial owner	1 Aug 2004	75% - 100%	94-3378459

Based in San Francisco

The principal office where Dci, LLC performs its advisory services is located at 201 Spear Street, San Francisco, CA 94105, 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 415-764-1901 or by fax 415-764-1074. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at dci.com/.