{ "crd_number": 110552, "slug": "davidson-investment-advisors-inc-great-falls-mt-110552", "primary_business_name": "DAVIDSON INVESTMENT ADVISORS, INC.", "legal_name": "DAVIDSON INVESTMENT ADVISORS, INC.", "dbas": [ "CAPRIN ASSET MANAGEMENT, A DIVISION OF DAVIDSON INVESTMENT ADVISORS" ], "city": "Great Falls", "state": "MT", "country": "United States", "cbsa_code": "24500", "metro": { "cbsa_code": "24500", "common_name": "Great Falls", "msa_name": "Great Falls, MT", "path": "/advisors/mt/great-falls" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1975-08-08", "years_registered": 51, "period": "2026-10-01", "filing_date": "2025-12-15", "carried_forward": false, "raum_total": 5200170370.0, "raum_discretionary": 5162502250.0, "raum_non_discretionary": 37668120.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 31, "advisory_employees": 13, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 769042096.0, "count": 131 }, "individuals": { "raum": 1299147004.0, "count": 3125 }, "banking_thrift": { "raum": 0.0, "count": 0 }, "state_municipal": { "raum": 142684339.0, "count": 37 }, "insurance_companies": { "raum": 39587321.0, "count": 8 }, "investment_companies": { "raum": 148002497.0, "count": 1 }, "pension_profit_sharing": { "raum": 78350012.0, "count": 36 }, "other_investment_advisers": { "raum": 0.0, "count": 0 }, "high_net_worth_individuals": { "raum": 2303054104.0, "count": 966 }, "pooled_investment_vehicles": { "raum": 74675193.0, "count": 4 }, "corporations_other_businesses": { "raum": 345627804.0, "count": 99 }, "business_development_companies": { "raum": 0.0, "count": 0 }, "sovereign_wealth_foreign_official": { "raum": 0.0, "count": 0 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": true, "disclosure_yes_count": 0, "states_registered": [ "AK", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "KS", "KY", "MA", "MD", "ME", "MI", "MN", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "SC", "SD", "TN", "TX", "UT", "VA", "WA", "WI", "WV", "WY" ], "websites": [ "https://caprinbonds.com", "https://dadavidson.com", "https://dadavidson.com/INDIVIDUALS/DAVIDSON-INVESTMENT-ADVISORS", "https://davidsoncompanies.com", "https://davidsoninvestmentadvisors.com", "https://davidsonmutualfunds.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110552", "city_as_filed": "GREAT FALLS", "url": "https://advisorcensus.com/firm/davidson-investment-advisors-inc-great-falls-mt-110552", "display_name": "Davidson Investment Advisors, Inc.", "summary": "Davidson Investment Advisors, Inc. is an SEC-registered investment advisory firm in Great Falls, MT, registered since 1975, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated December 15, 2025.", "citation": "AdvisorCensus. Davidson Investment Advisors, Inc. (CRD 110552): 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": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Davidson Investment Advisors, Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Davidson Investment Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Davidson Investment Advisors, Inc. located?", "a": "Davidson Investment Advisors, Inc.'s principal office is in Great Falls, MT, according to its Form ADV; the January 2026 filing also lists 6 other offices (Schedule D, Section 1.F)." }, { "q": "Is Davidson Investment Advisors, Inc. registered with the SEC or a state?", "a": "Davidson Investment Advisors, Inc. is an SEC-registered investment advisory firm, registered since 1975. Status as filed: Approved. CRD 110552." }, { "q": "How much does Davidson Investment Advisors, Inc. manage?", "a": "Davidson Investment Advisors, Inc. reports $5,200,170,370 in regulatory assets under management in its Form ADV filing dated December 15, 2025 (99% discretionary)." }, { "q": "How have Davidson Investment Advisors, Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Davidson Investment Advisors, Inc.: Regulatory assets under management: $2,039,755,431 in the October 2021 data and $5,200,170,370 in the October 2026 data, up 155%. Total employees: 23 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Davidson Investment Advisors, Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,125); high net worth individuals (966); charitable organizations (131)." }, { "q": "Which custodians does Davidson Investment Advisors, Inc. use?", "a": "Davidson Investment Advisors, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists D.A. Davidson & Co. (affiliated with the firm), D.A. Davidson Trust Services, Inc. (affiliated with the firm) and First Clearing, LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Davidson Investment Advisors, Inc. 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/110552" }, { "q": "What changed in Davidson Investment Advisors, Inc.'s recent Form ADV filings?", "a": "In the January 2026 filing data: Registered or notice-filed in SD." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2039755431.0, "total_employees": 23, "filing_date": "2021-02-10" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2489292610.0, "total_employees": 23, "filing_date": "2021-12-22" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3983537292.0, "total_employees": 32, "filing_date": "2023-03-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 4497592543.0, "total_employees": 27, "filing_date": "2024-04-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4812943447.0, "total_employees": 31, "filing_date": "2024-12-20" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5200170370.0, "total_employees": 31, "filing_date": "2025-12-15" } ], "recent_changes": [ { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "Registered or notice-filed in SD." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Employees performing advisory functions went from 12 to 13." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "D.A. Davidson & Co.", "name_as_filed": "D.A. DAVIDSON & CO.", "affiliated": true }, { "name": "D.A. Davidson Trust Services, Inc.", "name_as_filed": "D.A. DAVIDSON TRUST SERVICES, INC.", "affiliated": true }, { "name": "First Clearing, LLC", "name_as_filed": "FIRST CLEARING, LLC", "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/davidson-investment-advisors-inc-great-falls-mt-110552.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 3125, "fewer_than_5": false, "raum": 1299147004.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 966, "fewer_than_5": false, "raum": 2303054104.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 1, "fewer_than_5": false, "raum": 148002497.0 }, { "type": "business_development_companies", "label": "Business development companies", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 4, "fewer_than_5": false, "raum": 74675193.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 36, "fewer_than_5": false, "raum": 78350012.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 131, "fewer_than_5": false, "raum": 769042096.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 37, "fewer_than_5": false, "raum": 142684339.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 8, "fewer_than_5": false, "raum": 39587321.0 }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 99, "fewer_than_5": false, "raum": 345627804.0 } ], "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/110552", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }