# Carlson Investments

> 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.

- CRD: 105729
- Filed as: CARLSON INVESTMENTS
- Legal name: DL Carlson Investment Group Inc.
- Also doing business as: CARLSON INVESTMENTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Concord, NH
- Filing period: October 2026
- Form ADV filing dated: August 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105729
- AdvisorCensus page: https://advisorcensus.com/firm/carlson-investments-concord-nh-105729

## Quick answers

**How is Carlson Investments compensated?**
On its Form ADV (Item 5.E, October 2026), Carlson Investments reports these compensation arrangements: a percentage of assets under its management.

**How much does Carlson Investments charge?**
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.

**Where is Carlson Investments located?**
Carlson Investments' principal office is in Concord, NH, according to its Form ADV.

**Is Carlson Investments registered with the SEC or a state?**
Carlson Investments is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 105729.

**How much does Carlson Investments manage?**
Carlson Investments reports $735,526,470 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (100% discretionary).

**How have Carlson Investments' assets and staff changed since 2021?**
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.

**What types of clients does Carlson Investments serve?**
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).

**Which custodians does Carlson Investments use?**
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.

**Does Carlson Investments report any disciplinary disclosures?**
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

**Does Carlson Investments state an account minimum?**
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."

**What changed in Carlson Investments' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 8.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated August 25, 2026)

- Account minimum: $250,000

> 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.

- Flat fee: $3,500 (Financial planning services)

> Financial planning services are a flat fee of $3,500. When a financial planning contract is signed, payment is expected in full.

- Hourly rate: $250 an hour (Updates)

> Updates start at a rate of $250 per hour and both parties have the right not to renew.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Commerce Bank

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.

### Regulatory assets under management (Item 5.F)
- Total: $735,526,470
- Discretionary: $735,526,470
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 243 | $121,424,891 |
| High net worth individuals | 107 | $417,261,864 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $189,809,623 |
| Charitable organizations | 4 | $6,625,191 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | 2 | $404,901 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1989 (37 years)
- Employees: 14 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, MD, ME, MO, MT, NC, NH, NY, PA, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [carlsoninvest.com](https://carlsoninvest.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $738,348,177 | 12 | March 29, 2021 |
| October 2022 | $825,042,553 | 13 | June 28, 2022 |
| October 2023 | $656,590,464 | 13 | August 29, 2023 |
| October 2024 | $634,897,677 | 14 | September 5, 2024 |
| October 2025 | $694,630,096 | 12 | June 11, 2025 |
| October 2026 | $735,526,470 | 14 | August 25, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 8.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carlson Investments (CRD 105729): Form ADV filing data as of October 2026.