Denver Investment Advisors LLC (Denver)

Name: Denver Investment Advisors LLC
Address: 370 17 Th Street, Denver, CO, 80202
Telephone: 303-312-5000

Denver Investment Advisors LLC is a large advisory firm based in Denver. It manages $6.97 billion of regulatory assets for 1,222 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Denver Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Denver Investment Advisors: assets under management

The assets under management (AUM) of Denver Investment Advisors LLC is $6.97 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and $16.32 million of the total AUM is attributable to clients outside of the United States.

The firm manages $6.97 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.71 million each.

Denver Investment Advisors has custody of $247.66 million in cash and securities for 55 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 25% of the firm’s portfolio. Investments in government bonds form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Denver Investment Advisors 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 Kenneth Von Penland serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Kenneth Von Penland is investment companies with 16 clients and $2.38 billion of assets under management. Among the 13 most similar advisory firms, Denver Investment Advisors has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $6.97 billion for 1,222 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Denver Investment Advisors also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Denver Investment Advisors LLC

The company employs 80 people that are either part- or full-time employees. 50 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.

Kenneth Von Penland has been acting as President since 1 Apr 1995. Brian Christopher Fitzsimons joined the executive team most recently as the Member And Oversight Committee.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey David Adams	Chief operating officer and executive manager	1 Apr 1995	Other	4344138
Kenneth Von Penland	Chairman	1 Apr 1995	Other	2816661
Todger Anderson	President, executive manager	1 Apr 1995	Other	2816716
Glen Thomas Cahill	Vice president and member	1 Apr 1995	Other	4345736
William Spencer Chester	Vice president and management committee	1 Apr 1995	Other	4345747
Jr. Caleb Frank Gates	Vice president and member	1 Apr 1995	Other	4345749
Gerald Wayne Peterson	Vice president and member	1 Apr 1995	Other	726334
Thomas Benton Stevens	Vice president and member	1 Apr 1995	Other	4345949
Milford Harold Schulhof	Vice president and member	1 Apr 1995	Other	4345984
Christianna Wood	Vice president and management committee	1 Jun 1996	Other	1208803
Alex Watson Lock	Vice president and management committee	1 Jan 2000	Other	1075562
Dean Alan Graves	Partner and management committee	1 Jan 2000	Other	2729707
Jeff Scott Payne	Vice president and member	1 Jan 2001	Other	1664053
F. Wiley Reed	Vice president and member	1 Jan 2001	Other	4345977
Fred. Wiley Reed	Vice president and member	1 Jan 2001	Other	4345977
Mark Monroe Adelmann	Vice president and member	1 Jan 2001	Other	4345971
Mark Robert Mckissick	Retired member	1 Jan 2002	Other	2288631
Glen Thomas Cahill	Vice president and management committee	1 Jan 2002	Other	4345736
Samuel R. Aybar	Vice president and member	1 Jan 2002	Other	4572004
Elisa Zuniga Ramirez	Vice president and member	1 Jan 2002	Other	2816676
William Edward Stafford	Vice president and member	1 Jan 2002	Other	4573453
Troy Dayton	Vice president and member	1 Jan 2003	Other	2832982
Jr Homer David Lansdowne	Director of wealth management and member	1 Jul 2004	Other	712986
Homer David Lansdowne	Director of wealth management and management committee	1 Jul 2004	Other	712986
Derek Randall Anguilm	Vice president and member	1 Jan 2005	Other	5504795
Mark Robert Mckissick	Vice president and management committee	1 Nov 2005	Other	2288631
Kris Brandon Herrick	Vice president and management committee	1 Nov 2005	Other	5121526
Ross Gardner Moscatelli	Vice president and management committee	1 Nov 2005	Other	2648840
Daniel Dean Olson	Vice president and management committee	1 Dec 2005	Other	1579840
Mark Monroe Adelmann	Member and management committee	1 Jan 2008	Other	4345971
Troy Dayton	Member	1 Jan 2008	Other	2832982
Derek Randall Anguilm	Member	1 Jan 2008	Other	5504795
John Carl Fenley	Member and management committee	1 Dec 2008	Other	5651221
Victoria Kelso Cunningham	Partner and management committee	1 Dec 2009	Other	5766081
Cynthia Garret Knowlton	Member and management committee	1 Dec 2010	Other	1870507
Jasper Robert Frontz	Vice president operations	1 Dec 2011	Other	2675487
Jeremy Duhon	Member	1 Jan 2013	Other	6169423
Elisa Zuniga Ramirez	Member	1 Jan 2013	Other	2816676
Jasper Robert Frontz	Chief compliance officer and chief operations officer	1 Mar 2014	Other	2675487
Glenn Rippey	Member and management committee	1 Mar 2015	Other	2460122
Brian Christopher Fitzsimons	Member and oversight committee	1 Apr 2016	Other	4570574
Victoria Kelso Cunningham	Member and oversight committee	1 Apr 2016	Other	5766081
Kenneth A Harris	Member and oversight committee	1 Apr 2016	Other	6640588
Craig William Juran	Member and oversight committee	1 Apr 2016	Other	2855093

Based in Denver

The principal office where Denver Investment Advisors LLC performs its advisory services is located at 370 17 Th Street, Denver, CO 80202, 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 303-312-5000 or by fax 303-312-4900. The normal business hours are 7:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at denvest.com.