Commerce Street Investment Advisor, LLC (Dallas)

Name: Commerce Street Investment Advisor, LLC
Address: 1445 Ross Avenue, Suite 2700, Dallas, TX, 75202
Telephone: 214-545-6800

Commerce Street Investment Advisor, LLC is a large advisory firm based in Dallas. It manages $135.75 million of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, Illinois, and 7 other states.

Commerce Street Investment Advisor provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Commerce Street Investment Advisor: assets under management

The assets under management (AUM) of Commerce Street Investment Advisor, LLC is $135.75 million. The firm's AUM has grown by 161% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $51.4 million in discretionary accounts and $84.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.13 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.56 million.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Commerce Street Investment Advisor, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 William Dudley Gross serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of William Dudley Gross is pension and profit sharing plans with 28 clients and $80.4 million of assets under management. Among the 9 most similar advisory firms, Commerce Street Investment Advisor has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $135.75 million for 36 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.

Commerce Street Investment Advisor also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $250,000.

Careers at Commerce Street Investment Advisor, LLC

The company employs 15 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

William Dudley Gross has been acting as President since 1 May 2008. John Cade Hamner joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Reid Mannes	Chief operating officer	1 May 2007	Other	1946872
Robert Dean Pfeifer	Chief compliance officer	1 May 2007	Other	3124248
Margaret Taylor Garcia	Cfo	1 May 2007	Other	5029912
Ellen Vivian Billings	Controller	1 May 2007	Other	2752447
Carla Jo Brooks	Managing director	1 May 2007	Other	4606569
James Todd Engemoen	Analyst	1 May 2007	Other	5311642
George Allen Kirchwey	Managing director	1 May 2007	Other	2640734
Dory Alan Wiley	President	1 May 2007	Other	2034240
Llc Commerce Street Holdings	Member	1 May 2007	75% - 100%	20-5718731
Dory Alan Wiley	President and managing partner	1 May 2008	Other	2034240
Llc Commerce Street Holdings	Member	1 May 2008	75% - 100%	20-5718731
Bobby Lee Hashaway	Executive vice president, chief operating officer, head of accounting	1 May 2008	Other	5675925
William Dudley Gross	Chairman	1 May 2008	Other	1032405
Robert Dean Pfeifer	Chief compliance officer	1 May 2008	Other	3124248
Margaret Taylor Garcia	Cfo	1 May 2008	Other	5029912
Carla Jo Brooks	Managing director, head of private equity	1 May 2008	Other	4606569
Scott Kevin Billings	Chief operating officer	1 Jul 2008	Other	2546962
George Allen Kirchwey	Vice president	1 Oct 2008	Other	2640734
Tina Hahn Schirle	Cfo	1 Jul 2009	Other	5575775
Suzanne Hickey	Chief compliance officer	1 Jan 2011	Other	1399210
Suzanne Nmn Hickey	Chief compliance officer	1 Jan 2011	Other	1399210
Kurtis Stephen Plumer	Managing director	1 Jun 2011	Other	2205124
Bobby Don Boyce	Chief compliance officer	1 Apr 2014	Other	4614782
Bertrand Maimo	Inerim cfo	1 Jan 2017	Other	6784057
Bertrand Kiver Maimo	Inerim cfo	1 Feb 2017	Other	6784057
John Cade Hamner	Chief compliance officer	1 Mar 2018	Other	3101470

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Dory Alan Wiley	Member	1 Sep 2006	50% - 75%	2034240
William Dudley Gross	Member	1 Sep 2006	25% - 50%	1032405
James Barrington Gardner	Member	1 Sep 2006	25% - 50%	1863033

Based in Dallas

The principal office where Commerce Street Investment Advisor, LLC performs its advisory services is located at 1445 Ross Avenue, Suite 2700, Dallas, TX 75202, 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 214-545-6800 or by fax 214-545-6855. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at cstreetinv.com.