Development Group LLC
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About
Development Group, LLC provides non‑discretionary investment consulting and research services to institutional clients, including corporations, foundations, endowments, trusts and other institutions, with a stated target market of middle‑market institutions (generally those with over $25 million of investable assets). Its service offering includes asset allocation advice, selection of other advisors, due diligence on private investment vehicles and hedge funds, performance attribution, and construction of quantitatively based portfolio models.
The firm’s work is driven by quantitative and risk‑analytic methods—value‑at‑risk, conditional VaR, back‑testing, stress testing, factor analysis—and by reliance on proprietary and third‑party data (the brochure notes monthly performance data on up to 14,000 hedge funds). DGLLC delivers advice on a non‑discretionary basis, does not custody client assets or accept discretionary authority, and typically provides services through retainers or project engagements.
DGLLC emphasizes IAS 39‑compliant portfolio valuations, secondary‑market pricing, fund liquidation and asset‑recovery valuation, and notes experience serving on liquidation committees and organizing recovery efforts—capabilities that the brochure highlights and that are less common among similar advisers. The firm also engages in financial product development and reverse‑engineering of structured finance instruments (reported as up to 10% of its time), reports no assets under management, and does not offer individual or high‑net‑worth retail portfolio management.
Client services
Expertise
Occupation focus
Fee options
Retainers on projects requiring six-month to three-year commitments, paid monthly in arrears; bonus payments may be agreed upon upfront for institutional clients related to performance or project completion.
0.25% to 2% per annum (negotiable)
Hourly consulting fees at $300/hour; fees may also be negotiated based on project nature and time commitment.
Account minimum: $25 million Fee-only: Monthly fee or retainer, fees typically range from 0.25% to 2% per annum on total client’s assets, paid monthly and/or quarterly in arrears. Fees are negotiable.
Main office
75 S. Broadway
White Plains NY 10601
Advisors at this office
1
Most active in
New York
Disclosures
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Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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