Carl Domino Inc. (West Palm Beach)

Name: Carl Domino Inc.
Address: 499 Evernia Street, West Palm Beach, FL, 33401
Telephone: 561-833-2882

Carl Domino Inc. is an adviser based in West Palm Beach. It manages $73.63 million of regulatory assets for 118 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Florida, and Texas.

Carl Domino provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and advisory consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Carl Domino: assets under management

The assets under management (AUM) of Carl Domino Inc. is $73.63 million. The firm's AUM has grown by 145% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $73.16 million in discretionary accounts and $467.09 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $625.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $467.09 thousand.

Carl Domino has custody of $13.44 million in cash and securities for 45 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carl Domino 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 Carl Joseph Domino serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Carl Joseph Domino is individuals with 113 clients and $56.31 million of assets under management. Among the 4 most similar advisory firms, Carl Domino has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $72.75 million for 114 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.

Carl Domino doesn't advise any private funds.

Careers at Carl Domino Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 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.

Carl Joseph Domino has been acting as President since 1 Aug 2004. Gina Goldhammer joined the executive team most recently as the Stockholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael J Dixon	Chief compliance officer/chief operating officer	1 Jul 2004	Other	2452034
Carl Joseph Domino	President	1 Aug 2004	50% - 75%	818537
Robert Frederick Goldhammer	Stockholder	1 Sep 2004	Other	602304
Gina Goldhammer	Stockholder	1 Mar 2014	Other	6442999

Based in West Palm Beach

The principal office where Carl Domino Inc. performs its advisory services is located at 499 Evernia Street, West Palm Beach, FL 33401 The mailing address of the firm is 220 S Quadrille Blvd., West Palm Beach, FL 33401. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-833-2882 or by fax 561-833-5282. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at carldomino.com.