Separately Managed Accounts
Long-only U.S. large cap equity portfolio strategies with low portfolio turnover
Approximately $4.2 Billion in Assets Under Management
As of December 31, 2022
Managing concentrated portfolios of 25-30 companies:
What to Expect as a Client
Douglass Winthrop always puts the needs of its clients first. We adhere to the principles of hard work, honesty, and integrity. We believe our clients recognize and appreciate these values in our firm, and we strive to uphold them in all we do.
As an SEC-Registered Investment Advisor, we are held to a fiduciary standard to always act in the client’s best interest. DWA has built a strong culture of compliance, which is grounded in the principle that the interests of the firm’s clients must be placed first at all times. We have adopted a written code of ethics that addresses certain possible conflicts of interest and reflects the firm’s and each employee’s fiduciary duty to the firm’s clients.
Service, Trust and Discretion
Ongoing consolidation in the investment management, brokerage and banking industries has left clients to struggle for attention from their account managers. We are committed to providing our clients with responsive service and proactive management of their financial affairs. Privacy and discretion are paramount. Clients are clients of the firm rather than a single partner.
Simple and Fair Fees
Our compensation is based on a percentage of the assets we manage, keeping goals aligned with our clients and avoiding conflicts of interest inherent with other fee structures.
Transparency and Access
Communication is integral to our advisory service. Our clients receive quarterly reports including our investment letter, an account statement, performance history and a realized gains and losses report. In addition, clients receive monthly statements from their custodians and can opt to have online access via the custodian’s portal.
Safety and Security
Our clients’ assets are held by globally recognized independent custodians who provide physical safekeeping and security. We have close relationships with a number of brokerage firms and banks.