{
  "crd_number": 105729,
  "slug": "carlson-investments-concord-nh-105729",
  "primary_business_name": "CARLSON INVESTMENTS",
  "legal_name": "DL CARLSON INVESTMENT GROUP INC.",
  "dbas": [
    "CARLSON INVESTMENTS"
  ],
  "city": "Concord",
  "state": "NH",
  "country": "United States",
  "cbsa_code": "18180",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1989-06-12",
  "years_registered": 37,
  "period": "2026-10-01",
  "filing_date": "2026-08-25",
  "carried_forward": false,
  "raum_total": 735526470.0,
  "raum_discretionary": 735526470.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 14,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 6625191.0,
      "count": 4,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 121424891.0,
      "count": 243
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": null
    },
    "state_municipal": {
      "raum": 0.0,
      "count": null
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": null
    },
    "investment_companies": {
      "raum": 0.0,
      "count": null
    },
    "pension_profit_sharing": {
      "raum": 189809623.0,
      "count": 4,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": null
    },
    "high_net_worth_individuals": {
      "raum": 417261864.0,
      "count": 107
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": null
    },
    "corporations_other_businesses": {
      "raum": 404901.0,
      "count": 2,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": null
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": null
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "MA",
    "MD",
    "ME",
    "MO",
    "MT",
    "NC",
    "NH",
    "NY",
    "PA",
    "SC",
    "TX",
    "VA"
  ],
  "websites": [
    "https://carlsoninvest.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105729",
  "city_as_filed": "CONCORD",
  "url": "https://advisorcensus.com/firm/carlson-investments-concord-nh-105729",
  "display_name": "Carlson Investments",
  "summary": "Carlson Investments is an SEC-registered investment advisory firm in Concord, NH, registered since 1989, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 25, 2026.",
  "citation": "AdvisorCensus. Carlson Investments (CRD 105729): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Carlson Investments compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Carlson Investments reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Carlson Investments charge?",
      "a": "Its Form ADV Part 2A brochure dated August 25, 2026 states: Flat fee: $3,500 (Financial planning services); Hourly rate: $250 an hour (Updates). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Carlson Investments located?",
      "a": "Carlson Investments' principal office is in Concord, NH, according to its Form ADV."
    },
    {
      "q": "Is Carlson Investments registered with the SEC or a state?",
      "a": "Carlson Investments is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 105729."
    },
    {
      "q": "How much does Carlson Investments manage?",
      "a": "Carlson Investments reports $735,526,470 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (100% discretionary)."
    },
    {
      "q": "How have Carlson Investments' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Carlson Investments: Regulatory assets under management: $738,348,177 in the October 2021 data and $735,526,470 in the October 2026 data, unchanged. Total employees: 12 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Carlson Investments serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (243); high net worth individuals (107); pension and profit sharing plans (but not the plan participants or government pension plans) (4)."
    },
    {
      "q": "Which custodians does Carlson Investments use?",
      "a": "Carlson Investments' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Commerce Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Carlson Investments report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105729"
    },
    {
      "q": "Does Carlson Investments state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated August 25, 2026 says: \"D.L. Carlson Investment Group, Inc. generally suggests that the minimum size of an advisory account should be $250,000. However, certain accounts, which can reasonably be expected to exceed $250,000 within a relatively short time, are accepted.\""
    },
    {
      "q": "What changed in Carlson Investments' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 6 to 8."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 738348177.0,
      "total_employees": 12,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 825042553.0,
      "total_employees": 13,
      "filing_date": "2022-06-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 656590464.0,
      "total_employees": 13,
      "filing_date": "2023-08-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 634897677.0,
      "total_employees": 14,
      "filing_date": "2024-09-05"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 694630096.0,
      "total_employees": 12,
      "filing_date": "2025-06-11"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 735526470.0,
      "total_employees": 14,
      "filing_date": "2026-08-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 8."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 25, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$250,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $3,500 (Financial planning services)",
      "Hourly rate: $250 an hour (Updates)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $250,000"
        ],
        "quotes": [
          "D.L. Carlson Investment Group, Inc. generally suggests that the minimum size of an advisory account should be $250,000. However, certain accounts, which can reasonably be expected to exceed $250,000 within a relatively short time, are accepted."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $3,500 (Financial planning services)"
        ],
        "quotes": [
          "Financial planning services are a flat fee of $3,500. When a financial planning contract is signed, payment is expected in full."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $250 an hour (Updates)"
        ],
        "quotes": [
          "Updates start at a rate of $250 per hour and both parties have the right not to renew."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 250000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 3500.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "Financial planning services"
        },
        {
          "kind": "hourly",
          "amount": 250.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Updates"
        }
      ]
    },
    "quotes": [
      "D.L. Carlson Investment Group, Inc. generally suggests that the minimum size of an advisory account should be $250,000. However, certain accounts, which can reasonably be expected to exceed $250,000 within a relatively short time, are accepted.",
      "Financial planning services are a flat fee of $3,500. When a financial planning contract is signed, payment is expected in full.",
      "Updates start at a rate of $250 per hour and both parties have the right not to renew."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Commerce Bank",
      "name_as_filed": "COMMERCE BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/carlson-investments-concord-nh-105729.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 243,
      "fewer_than_5": false,
      "raum": 121424891.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 107,
      "fewer_than_5": false,
      "raum": 417261864.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 4,
      "fewer_than_5": true,
      "raum": 189809623.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 4,
      "fewer_than_5": true,
      "raum": 6625191.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 404901.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105729",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}