# Dark Horse Advisors LLC

> Dark Horse Advisors LLC is an SEC-registered investment advisory firm in Rancho Santa Fe, CA, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 27, 2026.

- CRD: 312741
- Filed as: DARK HORSE ADVISORS LLC
- Also doing business as: DARK HORSE PRIVATE WEALTH
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Rancho Santa Fe, CA
- Filing period: October 2026
- Form ADV filing dated: April 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/312741
- AdvisorCensus page: https://advisorcensus.com/firm/dark-horse-advisors-llc-rancho-santa-fe-ca-312741

## Quick answers

**How is Dark Horse Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Dark Horse Advisors LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Dark Horse Advisors LLC located?**
Dark Horse Advisors LLC's principal office is in Rancho Santa Fe, CA, according to its Form ADV.

**Is Dark Horse Advisors LLC registered with the SEC or a state?**
Dark Horse Advisors LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 312741.

**How much does Dark Horse Advisors LLC manage?**
Dark Horse Advisors LLC reports $181,732,180 in regulatory assets under management in its Form ADV filing dated April 27, 2026 (100% discretionary).

**What types of clients does Dark Horse Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (160); high net worth individuals (18); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Which custodians does Dark Horse Advisors LLC use?**
Dark Horse Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Dark Horse Advisors LLC 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/312741

**What changed in Dark Horse Advisors LLC's recent Form ADV filings?**
In the June 2026 filing data: Newly registered with the SEC.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)
- Other

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

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: $181,732,180
- Discretionary: $181,732,180
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 160 | $91,014,522 |
| High net worth individuals | 18 | $88,813,226 |
| 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) | 1 | $1,904,432 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2026 (0 years)
- Employees: 7 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- pw.darkhorse.cpa

## Changes in the filing (last 12 months)

### June 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Dark Horse Advisors LLC (CRD 312741): Form ADV filing data as of October 2026.