DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Dbs Investment Advisers, LLC

Independent wealth managerBay City, MichiganCRD 123283SEC 801-116815website IAPD

Latest filing Feb 2, 2026

First filing on the tape Mar 21, 2012 · 27 filings

SEC status approved since Jun 21, 2019

RAUM

$280M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

56%

$157M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$56.0M

derived; firm RAUM over IAPD count

Employees

5 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

27 filings and snapshots on the tape

RAUM$280M as of Feb 2, 2026

Mar 21, 2012$59.1M then

HNW client RAUM$107M as of Feb 2, 2026

Mar 27, 2020$13.5M then

State-registered IARs (5.B.3)5 as of Feb 2, 2026

Mar 27, 20202 then

Employees (5.A)8 as of Feb 2, 2026

Mar 27, 20205 then

Private funds: no history

RAUM +15% over the last fiscal year+19% a year over threeIARs 4 to 5offices 2 to 3

Practice profile

derived from the filing of Feb 2, 2026; every figure names its basis

Archetypes, each a printed rule

Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients

RAUM per advisor: $56.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 105derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $3.0MderivedHNW RAUM over HNW clients
Average account: $287,952derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 44%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.6derivedItem 5.A over advisors
Advisors per office: 1.3derived4 offices incl. principal (1.F.5)
RAUM growth, one year: +15%derivedbetween the last two annual amendments
Advisor growth, one year: +25%derivedItem 5.B.3 between annual amendments
Client growth, one year: +0.8%derived
Compensation: percentage of assets, hourly, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

buys or sells securities as principal to or from clients (8.A.2)
has discretionary authority over which securities are bought or sold (8.C.1)
receives research or other products from a broker-dealer, soft dollars (8.E)
compensates persons for client referrals (8.G.1)
compensates non-employees for client referrals (8.G.2)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Pension and profit-sharing plans$123M44%
High-net-worth individuals$107M38%
Individuals$50.2M18%
Corporations and businesses$135,6650.0%

Individual clients: 488reported
HNW clients: 35reported
Pension plan clients: 68reported
Charitable clients: n/areported
Accounts: 973reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, hourlyreported
Class basis: private_client_share=0.56 fund_share=0.0 institutional_share=0.44 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

5 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Jeffrey John Brink	Bay City, Mi	May 8, 2020	19 y	1
Theodore Christopher SchumannCertified Financial Planner	Bay City, Mi	Oct 7, 2021	16 y	1
Nina ShawChartered Financial Analyst	Mendham, Nj	Feb 28, 2022	28 y	0
Regan Lyn Duperon	Bay City, Mi	Mar 27, 2025	10 y	0
Mark Peter AdamsCertified Financial Planner	Bay City, Mi	May 8, 2025	16 y	3

Advisor movement

0 left, 0 joined in 12 months

net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months

Left, latest

Megan Rebecca Chiramal to Wells Fargo Advisors
Feb 20, 2025 · RIA to wirehouse
Zachary D Rivard to Act Two Financial Advisors, LLC
Nov 22, 2024 · RIA to RIA

Joined, latest

Mark Peter Adams from Thrivent Advisor Network, LLC
May 8, 2025 · Affiliated broker-dealer or bank to independent RIA
Megan Rebecca Chiramal from Voya Investment Management Co. LLC
Feb 6, 2025 · Other
Theodore Christopher Schumann from Act Two Financial Advisors, LLC
Oct 7, 2021 · RIA to RIA
Jeffrey John Brink from Anterior Guidance LLC
May 8, 2020 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Christopher Theodore Schumann · Chief Compliance Officer/Membercontrol
since 12/2016 · owns 75% or more

Related persons

Schedule D 7.A

Dbs Professional Practice Brokers
investment companyy

Advisers that list Dbs Investment Advisers, LLC as a related person

222513 y

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Bay City, Mi · principal	5	0	0
Alpharetta, Ga	0	0	0

Offices

Schedule D 1.F, the 25 largest

Clarkston, MI2 employees

ADV anomalies

1 against comparable advisers; where to look, not conclusions

high institutional concentrationStatic outlier · filing Feb 2, 2026
institutional share of RAUM of 44% against a peer median of 0% (5676 comparable advisers, 98.0th percentile, 14.7 robust deviations)
peers: independent wealth managers, $100M to $500M (5,676) · 98% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 946 to 973
Oct 1, 2025 to Feb 2, 2026
Advisory employees · 4 to 5
Oct 1, 2025 to Feb 2, 2026
Corporate clients · 1.0 to unset
Oct 1, 2025 to Feb 2, 2026
HNW clients · 29 to 35
Oct 1, 2025 to Feb 2, 2026
Individual clients · 490 to 488
Oct 1, 2025 to Feb 2, 2026
Pension plan clients · 72 to 68
Oct 1, 2025 to Feb 2, 2026
Employees · 7 to 8
Oct 1, 2025 to Feb 2, 2026
State-registered IARs · 4 to 5
Oct 1, 2025 to Feb 2, 2026
Other offices · 2 to 3
Oct 1, 2025 to Feb 2, 2026
Discretionary RAUM · $245M to $280M
Oct 1, 2025 to Feb 2, 2026
HNW RAUM · $82.9M to $107M
Oct 1, 2025 to Feb 2, 2026
Individual RAUM · $51.7M to $50.2M
Oct 1, 2025 to Feb 2, 2026
Pension RAUM · $110M to $123M
Oct 1, 2025 to Feb 2, 2026
RAUM · $245M to $280M
Oct 1, 2025 to Feb 2, 2026
Financial planning clients · 0 to 0
Jun 10, 2025 to Oct 1, 2025
Accounts · 939 to 946
Jan 13, 2025 to Feb 27, 2025
Advisory employees · 3 to 4
Jan 13, 2025 to Feb 27, 2025
HNW clients · 27 to 29
Jan 13, 2025 to Feb 27, 2025
Individual clients · 505 to 490
Jan 13, 2025 to Feb 27, 2025
Pension plan clients · 79 to 72
Jan 13, 2025 to Feb 27, 2025
Employees · 6 to 7
Jan 13, 2025 to Feb 27, 2025
Insurance-licensed employees · 0 to 1
Jan 13, 2025 to Feb 27, 2025
State-registered IARs · 3 to 4
Jan 13, 2025 to Feb 27, 2025
Discretionary RAUM · $229M to $245M
Jan 13, 2025 to Feb 27, 2025
HNW RAUM · $71.5M to $82.9M
Jan 13, 2025 to Feb 27, 2025
Individual RAUM · $48.3M to $51.7M
Jan 13, 2025 to Feb 27, 2025
Pension RAUM · $109M to $110M
Jan 13, 2025 to Feb 27, 2025
RAUM · $229M to $245M
Jan 13, 2025 to Feb 27, 2025
Other offices · 1 to 2
Nov 14, 2024 to Jan 13, 2025
Accounts · 724 to 939
Dec 8, 2023 to Feb 27, 2024
HNW clients · 20 to 27
Dec 8, 2023 to Feb 27, 2024
Individual clients · 296 to 505
Dec 8, 2023 to Feb 27, 2024
Pension plan clients · 67 to 79
Dec 8, 2023 to Feb 27, 2024
Assets in custody · 296560.0 to unset
Dec 8, 2023 to Feb 27, 2024
Custody of client assets · true to false
Dec 8, 2023 to Feb 27, 2024
Employees · 7 to 6
Dec 8, 2023 to Feb 27, 2024
Insurance-licensed employees · 2 to 0
Dec 8, 2023 to Feb 27, 2024
Discretionary RAUM · $165M to $229M
Dec 8, 2023 to Feb 27, 2024
HNW RAUM · $49.1M to $71.5M
Dec 8, 2023 to Feb 27, 2024
Individual RAUM · $25.4M to $48.3M
Dec 8, 2023 to Feb 27, 2024

Signals

4 dated events

Megan Rebecca Chiramal left Dbs Investment Advisers, Llc for Wells Fargo Advisors (registered 2025-02-21)
Feb 20, 2025 · Advisor changed firm · fact
Zachary D Rivard left Dbs Investment Advisers, Llc for Act Two Financial Advisors, Llc (registered 2021-07-01)
Nov 22, 2024 · Advisor changed firm · fact
Gerard Michael Ciaciuch (Member/Chief Compliance Officer) no longer on Schedule A of Dbs Investment Advisers, Llc (listed 2012-07-16, absent 2019-05-20)
May 20, 2019 · Control person left · inference
Dbs Investment Advisers, Llc filed its initial SEC registration (Form ADV)
May 20, 2019 · First SEC registration · fact

Across DFX

shared identifiers only, never a name match

No identifier-backed link to the venture, private equity, family office or sponsor graphs.

How to reach

public business contact points only, each with its source

Business email: info@dbsia.netreportedpublished by the firm, firm site, Sep 15, 2026
Business email: andrew.lawrence@dbsia.netreportedpublished by the firm, firm site, Sep 15, 2026
Business email: kaylee.mcdonald@dbsia.netreportedpublished by the firm, firm site, Sep 15, 2026
Business email: ted.schumann@dbsia.netreportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 989-686-6222reportedpublished by the firm, firm site, Sep 15, 2026
Business phone: 989-686-5380reportedpublished by the firm, firm site, Sep 15, 2026
Website: dbsia.netreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 989-686-6222reportedpublic record, Form ADV, Feb 2, 2026
Contact form: dbsia.net/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page: dbsia.net/our-teamreportedpublished by the firm, firm site, Sep 15, 2026

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor: $56.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026