# D & P Investment Advisors, Ltd.

> D & P Investment Advisors, Ltd. is an SEC-registered investment advisory firm in Wakefield, RI, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 6, 2026.

- CRD: 119631
- Filed as: D & P INVESTMENT ADVISORS, LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wakefield, RI
- Filing period: October 2026
- Form ADV filing dated: March 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/119631
- AdvisorCensus page: https://advisorcensus.com/firm/d-and-p-investment-advisors-ltd-wakefield-ri-119631

## Quick answers

**How is D & P Investment Advisors, Ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), D & P Investment Advisors, Ltd. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is D & P Investment Advisors, Ltd. located?**
D & P Investment Advisors, Ltd.'s principal office is in Wakefield, RI, according to its Form ADV.

**Is D & P Investment Advisors, Ltd. registered with the SEC or a state?**
D & P Investment Advisors, Ltd. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 119631.

**How much does D & P Investment Advisors, Ltd. manage?**
D & P Investment Advisors, Ltd. reports $197,759,856 in regulatory assets under management in its Form ADV filing dated March 6, 2026 (0% discretionary).

**How have D & P Investment Advisors, Ltd.'s assets and staff changed since 2022?**
In the Form ADV data for D & P Investment Advisors, Ltd.: Regulatory assets under management: $126,201,394 in the October 2022 data and $197,759,856 in the October 2026 data, up 57%. Total employees: 1 in October 2022 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does D & P Investment Advisors, Ltd. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (170); high net worth individuals (58); other (12).

**Which custodians does D & P Investment Advisors, Ltd. use?**
D & P Investment Advisors, Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Distributors Company LLC as a custodian holding 10% or more of its separately managed account assets.

**Does D & P Investment Advisors, Ltd. 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/119631

**Does D & P Investment Advisors, Ltd. state an account minimum?**
Its Form ADV Part 2A brochure dated March 6, 2026 says: "D & P does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an investment management relationship."

**What changed in D & P Investment Advisors, Ltd.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $173,823,817 to $197,759,856 (+14%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 6, 2026)

- Account minimum: None

> D & P does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an investment management relationship.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Distributors Company LLC

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: $197,759,856
- Discretionary: $0
- Non-discretionary: $197,759,856

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 170 | $48,827,171 |
| High net worth individuals | 58 | $141,480,206 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 7 | $2,632,489 |
| Other | 12 | $4,819,990 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2022 (4 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, NH, RI, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $126,201,394 | 1 | March 29, 2022 |
| October 2023 | $132,532,354 | 1 | March 16, 2023 |
| October 2024 | $152,052,829 | 1 | March 13, 2024 |
| October 2025 | $173,823,817 | 1 | March 11, 2025 |
| October 2026 | $197,759,856 | 1 | March 6, 2026 |

Regulatory assets under management: $126,201,394 in the October 2022 data and $197,759,856 in the October 2026 data, up 57%.
Total employees: 1 in October 2022 and 1 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $173,823,817 to $197,759,856 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. D & P Investment Advisors, Ltd. (CRD 119631): Form ADV filing data as of October 2026.