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.
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 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.
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.
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.
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.