Dumaine Investments LLC

Dumaine Investments LLC is a registered investment adviser based in New Orleans, Louisiana, established in November 2019 by Clifford Freret Favrot. The firm offers investment management, wealth advisory, and financial consulting services. For investment management, clients can opt for discretionary or non-discretionary portfolio management services, with a minimum account size of $500,000. The firm may offer complimentary financial planning services as part of portfolio management. Wealth advisory services cater to accredited clients, providing advice on private placement assets like Opportunity Zone Fund Investments and Delaware Statutory Trusts. The firm may also offer financial consulting services on various financial topics. Regarding fees, Dumaine Investments charges an annual portfolio management fee based on a percentage of assets under management, with rates ranging from 0.40% to 1.15%. Wealth advisory services have initial and ongoing percentage-based fees ranging from 0.70% to 1.85%. Financial consulting services typically have fixed fees ranging from $5,000 to $100,000, with hourly compensation available. The firm may recommend IRA rollovers, which could present a conflict of interest due to potential fee-based compensation. The firm engages in aggregated trading, primarily using Charles Schwab & Co., Inc. for brokerage and custodial services. Dumaine Investments does not accept performance-based fees, participate in side-by-side management, or have any disciplinary information to disclose. The firm exercises discretion over client investments, offers proxy voting services, and assists clients with class action lawsuits. Additionally, the firm compensates employees for establishing new client relationships, creating a potential conflict of interest.