{
  "crd_number": 123283,
  "slug": "dbs-investment-advisers-llc-bay-city-mi-123283",
  "primary_business_name": "DBS INVESTMENT ADVISERS, LLC",
  "legal_name": "DBS INVESTMENT ADVISERS, LLC",
  "dbas": [
    "ACT TWO FINANCIAL ADVISORS"
  ],
  "city": "Bay City",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "13020",
  "metro": {
    "cbsa_code": "13020",
    "common_name": "Bay City",
    "msa_name": "Bay City, MI",
    "path": "/advisors/mi/bay-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-06-21",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-02-02",
  "carried_forward": false,
  "raum_total": 280177315.0,
  "raum_discretionary": 280177315.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 8,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 50180859.0,
      "count": 488
    },
    "pension_profit_sharing": {
      "raum": 123247177.0,
      "count": 68
    },
    "high_net_worth_individuals": {
      "raum": 106613614.0,
      "count": 35
    },
    "corporations_other_businesses": {
      "raum": 135665.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "GA",
    "IN",
    "MI",
    "NJ",
    "OH",
    "TX"
  ],
  "websites": [
    "https://acttwoadvisors.com",
    "https://dbsia.net",
    "https://facebook.com/ActTwoAdvisors",
    "https://facebook.com/thedbscompanies",
    "https://instagram.com/acttwoadvisors",
    "https://instagram.com/dbsinvestmentadvisers",
    "https://thedbscompanies.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/123283",
  "city_as_filed": "BAY CITY",
  "url": "https://advisorcensus.com/firm/dbs-investment-advisers-llc-bay-city-mi-123283",
  "display_name": "DBS Investment Advisers, LLC",
  "summary": "DBS Investment Advisers, LLC is an SEC-registered investment advisory firm in Bay City, MI, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 2, 2026.",
  "citation": "AdvisorCensus. DBS Investment Advisers, LLC (CRD 123283): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Other"
  ],
  "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",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is DBS Investment Advisers, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), DBS Investment Advisers, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; other."
    },
    {
      "q": "Where is DBS Investment Advisers, LLC located?",
      "a": "DBS Investment Advisers, LLC's principal office is in Bay City, MI, according to its Form ADV; the March 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is DBS Investment Advisers, LLC registered with the SEC or a state?",
      "a": "DBS Investment Advisers, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 123283."
    },
    {
      "q": "How much does DBS Investment Advisers, LLC manage?",
      "a": "DBS Investment Advisers, LLC reports $280,177,315 in regulatory assets under management in its Form ADV filing dated February 2, 2026 (100% discretionary)."
    },
    {
      "q": "How have DBS Investment Advisers, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for DBS Investment Advisers, LLC: Regulatory assets under management: $172,101,686 in the October 2021 data and $280,177,315 in the October 2026 data, up 63%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does DBS Investment Advisers, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (488); pension and profit sharing plans (but not the plan participants or government pension plans) (68); high net worth individuals (35)."
    },
    {
      "q": "Which custodians does DBS Investment Advisers, LLC use?",
      "a": "DBS Investment Advisers, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Ascensus Trust, Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does DBS Investment Advisers, LLC 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/123283"
    },
    {
      "q": "Does DBS Investment Advisers, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 2, 2026 says: \"In general, we require a minimum of $250,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.\""
    },
    {
      "q": "What changed in DBS Investment Advisers, LLC's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $244,511,904 to $280,177,315 (+15%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 172101686.0,
      "total_employees": 8,
      "filing_date": "2021-06-09"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 161044258.0,
      "total_employees": 8,
      "filing_date": "2022-08-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 164969120.0,
      "total_employees": 7,
      "filing_date": "2023-03-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 228665188.0,
      "total_employees": 6,
      "filing_date": "2024-07-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 244511904.0,
      "total_employees": 7,
      "filing_date": "2025-06-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 280177315.0,
      "total_employees": 8,
      "filing_date": "2026-02-02"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 5.",
        "Regulatory assets under management went from $244,511,904 to $280,177,315 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 2, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$250,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": "$2,500",
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $250,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "In general, we require a minimum of $250,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $2,500"
        ],
        "quotes": [
          "We may charge a minimum fee in the amount of $2,500 annually to maintain an advisory account. At our discretion we may waive the minimum fee."
        ]
      }
    ],
    "quotes": [
      "In general, we require a minimum of $250,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.",
      "We may charge a minimum fee in the amount of $2,500 annually to maintain an advisory account. At our discretion we may waive the minimum fee."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Ascensus Trust",
      "name_as_filed": "ASCENSUS TRUST",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES 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/dbs-investment-advisers-llc-bay-city-mi-123283.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 488,
      "fewer_than_5": false,
      "raum": 50180859.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 35,
      "fewer_than_5": false,
      "raum": 106613614.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 68,
      "fewer_than_5": false,
      "raum": 123247177.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 135665.0
    }
  ],
  "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/123283",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}