Discretionary Management Services, LLC (Merriam)

Name: Discretionary Management Services, LLC
Address: 6700 Antioch Road, Merriam, KS, 66204 1497
Telephone: 913-981-1345

Discretionary Management Services, LLC is a related adviser based in Merriam. It manages $322.04 million of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Kansas.

Discretionary Management Services provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Discretionary Management Services: assets under management

The assets under management (AUM) of Discretionary Management Services, LLC is $322.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $322.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $16.1 million each.

Investments

The firm invests in other assets the most. They account for 49% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 45% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Discretionary Management Services, 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 Robert Joseph Duwa serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Robert Joseph Duwa is charitable organizations with 6 clients and $245.65 million of assets under management. Among the 6 most similar advisory firms, Discretionary Management Services has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $322.04 million for 22 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.

Discretionary Management Services also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Discretionary Management Services, LLC

The company employs 23 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Discretionary Management Services, LLC is owned by Thomas Conrad Woolwine. Robert Joseph Duwa has been acting as President since 1 Oct 2007. Robert Frank Marchesi has served as the Chief Investment Officer since 1 Oct 2007. Fred V Cornwell joined the executive team most recently as the Chief Administrative Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Demarche Associates Inc	Member/owner	1 Jan 2007	Other	105500
Christina Rene Danner	Portfolio manager	1 Oct 2007	Other	4529376
Timothy John Marchesi	Portfolio manager & cio	1 Oct 2007	Other	3241095
Robert Frank Marchesi	Chief investment officer	1 Oct 2007	75% - 100%	2346628
Robert Joseph Duwa	President	1 Oct 2007	Other	2931296
William Miskell	Secretary and treasurer	1 Oct 2007	Other	2617508
Thomas Conrad Woolwine	Owner	1 Oct 2007	Other	2600807
Stephen D Farrell	Chief compliance officer	1 Oct 2007	Other	2600322
Scott Charles Johnson	Chief compliance officer	1 Dec 2008	Other	2976687
Thomas Conrad Woolwine	Member and president	1 Feb 2010	50% - 75%	2600807
James Frederick Dykstal	Portfolio manager	1 Nov 2010	Other	2767189
Adam J Strumpf	Chief compliance officer	1 May 2011	Other	4529457
Demarche Associates Inc	Member	1 Jan 2015	Other	105500
Marchesi Robert Frank Trust	Member	1 Feb 2015	25% - 50%	2346628
The Robert F. Marchesi Family Trust	Member/owner	1 Feb 2015	25% - 50%	47-6922945
Fred V Cornwell	Chief administrative officer	1 May 2015	Other	6773546

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christine Marchesi Rudicile	Trustee	1 Feb 2015	Other	4379323
Timothy John Marchesi	Trustee	1 Feb 2015	Other	3241095
Julie Anne Marchesi	Trustee	1 Feb 2015	50% - 75%	4379315

Based in Merriam

The principal office where Discretionary Management Services, LLC performs its advisory services is located at 6700 Antioch Road, Merriam, KS 66204 1497, 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 913-981-1345. The normal business hours are 8:30 - 5:00 central time on Monday - Friday. You can find more information about the New York firm at dms-demarche.com.