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Dividend Assets Capital
C. Troy Shaver Jr. founded Dividend Assets Capital in 2013 as a boutique RIA managing concentrated dividend-growth equity strategies.
Dividend Assets Capital
C. Troy Shaver Jr. founded Dividend Assets Capital in 2013, establishing the firm as an SEC-registered investment advisor based in Ridgeland, South Carolina. Shaver, who serves as CEO and portfolio manager, built the practice around an investment philosophy prioritizing durable dividend growth stocks. The firm's strategy centers on bottom-up fundamental analysis to identify companies with sustainable competitive advantages, strong free cash flow, and consistent dividend growth records. Portfolio construction typically yields a concentrated holding of 25 to 40 positions spanning sectors including consumer staples, health care, industrials, and financial services. The approach is offered through individually managed separate accounts as well as the DAC Dividend Growth Fund (ticker: DCDGX), which serves as the firm's flagship pooled vehicle. Geographic focus remains primarily on US-listed equities. Dividend Assets Capital operates from a single location in Ridgeland, South Carolina. The firm's size and structure keep decision-making lean. In June 2023, an affiliate of the firm was involved in a regulatory settlement with the SEC concerning compliance failures related to third-party marketing materials for a real estate investment — a matter that did not involve the firm's core equity strategies or Shaver personally. The firm's structural differentiator lies in its pure-play equity income focus within an independent RIA wrapper. Rather than layering income strategies atop a total-return mandate, the entire practice is oriented around dividend growth, a stance that aligns the manager's incentives with an investor base seeking yield and compounding — distinct from peers who treat dividends as a sleeve.
General information
Firm type
Asset Manager
Year founded
2013
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Ridgeland
Corporate office
Ridgeland, SC, United States
Principals
C. Troy Shaver Jr.
Founder and CEO
Sector focus
Frequently asked questions
Who makes investment decisions at Dividend Assets Capital?
C. Troy Shaver Jr., the founder and CEO, serves as the firm's primary portfolio manager and is responsible for all investment decisions. The firm's structure is lean, with Shaver at the center of the research and portfolio construction process. He draws on decades of experience in equity analysis and portfolio management, as reflected in his leadership of the DAC Dividend Growth Fund since its inception.
What is the DAC Dividend Growth Fund, and how does it relate to the separate accounts?
The DAC Dividend Growth Fund (ticker: DCDGX) is a mutual fund launched by Dividend Assets Capital to provide a pooled vehicle for its core equity income strategy. The fund follows the same bottom-up, dividend-growth mandate as the firm's separately managed accounts, typically holding a concentrated portfolio of 25 to 40 US-listed, high-quality dividend-paying companies. The existence of a mutual fund alongside separate accounts allows the firm to serve both high-net-worth individuals and a broader base of retail investors.
Does the firm invest outside of public equities?
No. Dividend Assets Capital's stated strategy is exclusively focused on publicly traded dividend-growth equities. The firm does not manage fixed-income, private equity, real estate, or alternative investment strategies. An affiliate was cited in a 2023 SEC settlement related to third-party marketing materials for an outside real estate investment, but the firm itself had no direct management role in that product, and the matter did not involve the core equity strategy.
How does Dividend Assets Capital source its investment ideas?
Idea generation relies on bottom-up fundamental analysis rather than screen-driven or quantitative models. Shaver and his team seek companies with durable competitive moats, predictable free cash flow, and demonstrable dividend growth histories. The concentrated portfolio — typically 25 to 40 names — forces a high conviction threshold for each holding, with turnover kept low to reflect the long-term compounding thesis.
What was the 2023 SEC administrative matter involving an affiliate?
In June 2023, the Securities and Exchange Commission announced a settlement with several entities, including an affiliate of Dividend Assets Capital, regarding compliance rule violations in connection with marketing materials for a real estate fund managed by an unaffiliated third party (per SEC release, 2023). The matter did not name C. Troy Shaver Jr. and did not involve the firm's core dividend-equity separate accounts or mutual fund. The affiliate paid a civil penalty and agreed to a censure without admitting or denying the findings.
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