Stephen Smith is a registered investment advisor at Duration Asset Management, LLC, based in Dallas, TX, with 57 years of industry experience. Stephen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 10 clients with $470M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $5.0M | 1.00% |
| $5.0M - $10.0M | 0.75% |
| $10M+ | 0.50% |
In addition to the management fee, a performance-based fee is charged. Less than $5,000,000: 20% of net gains; $5,000,000 to $9,999,999: 17.50% of net gains; Over $10,000,000: 15% of net gains.
Fee Estimator
Location
8333 Douglas Ave., Suite 1365, Dallas, TX, 75201
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Stephen owns a vacation rental home in Mexico since 2003, but has no responsibilities. He is also president of Meregrass, Inc., an aircraft leasing company, and a member of the Investment Committee for Texas Health Resources, dedicating minimal time to the latter. Finally, Stephen owns Wildcat Touring LLC, an aircraft charter operator, and is passively involved, spending a few hours per week.
Employment History
Current Registrations
Duration Asset Management, LLC
Smith Capital Markets, LLC.Broker
Previous Registrations
J.P. Morgan Securities LLC
Camilla Asset Management, LP
J.P. Morgan Securities LLCBroker
Lehman Brothers INC.Broker
Cs First Boston CorporationBroker
Smith Barney, Harris Upham & CO., IncorporatedBroker
State Registrations4 states
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