# DBS Investment Advisers, LLC

> 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.

- CRD: 123283
- Filed as: DBS INVESTMENT ADVISERS, LLC
- Also doing business as: ACT TWO FINANCIAL ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bay City, MI
- Filing period: October 2026
- Form ADV filing dated: February 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/123283
- AdvisorCensus page: https://advisorcensus.com/firm/dbs-investment-advisers-llc-bay-city-mi-123283

## Quick answers

**How is DBS Investment Advisers, LLC compensated?**
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.

**How much does DBS Investment Advisers, LLC charge?**
Its Form ADV Part 2A brochure dated February 2, 2026 states: Flat fee: $395 to $5,000 (financial planning services); Hourly rate: $200 an hour (single subject financial planning/general consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is DBS Investment Advisers, LLC located?**
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).

**Is DBS Investment Advisers, LLC registered with the SEC or a state?**
DBS Investment Advisers, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 123283.

**How much does DBS Investment Advisers, LLC manage?**
DBS Investment Advisers, LLC reports $280,177,315 in regulatory assets under management in its Form ADV filing dated February 2, 2026 (100% discretionary).

**How have DBS Investment Advisers, LLC's assets and staff changed since 2021?**
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.

**What types of clients does DBS Investment Advisers, LLC serve?**
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).

**Which custodians does DBS Investment Advisers, LLC use?**
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.

**Does DBS Investment Advisers, 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/123283

**Does DBS Investment Advisers, LLC state an account minimum?**
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."

**What changed in DBS Investment Advisers, LLC's recent Form ADV filings?**
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%).

## From the Form ADV filing

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

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

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> 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.

- Minimum annual fee: $2,500

> 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.

- Flat fee: $395 to $5,000 (financial planning services)

> We charge a fixed fee for financial planning services, which generally ranges between $395 - $5,000 depending on the scope of the engagement.

- Hourly rate: $200 an hour (single subject financial planning/general consulting services)

> We also offer advice on single subject financial planning/general consulting services at an hourly fee of $200.

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

### Custodians (Schedule D, Section 5.K(3))
- Ascensus Trust
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services 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: $280,177,315
- Discretionary: $280,177,315
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 488 | $50,180,859 |
| High net worth individuals | 35 | $106,613,614 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 68 | $123,247,177 |
| Corporations or other businesses not listed above | Fewer than 5 | $135,665 |

### 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
- Pension consulting services

### Firm details
- Registered since: 2019 (7 years)
- Employees: 8 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: GA, IN, MI, NJ, OH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the March 2026 filing
- Clarkston, MI

### Websites listed on Form ADV (Item 1.I)
- [acttwoadvisors.com](https://acttwoadvisors.com)
- [dbsia.net](https://dbsia.net)
- [thedbscompanies.com](https://thedbscompanies.com)
- Facebook @ActTwoAdvisors
- Facebook @thedbscompanies
- Instagram @acttwoadvisors
- Instagram @dbsinvestmentadvisers

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $172,101,686 | 8 | June 9, 2021 |
| October 2022 | $161,044,258 | 8 | August 22, 2022 |
| October 2023 | $164,969,120 | 7 | March 13, 2023 |
| October 2024 | $228,665,188 | 6 | July 24, 2024 |
| October 2025 | $244,511,904 | 7 | June 10, 2025 |
| October 2026 | $280,177,315 | 8 | February 2, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $244,511,904 to $280,177,315 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DBS Investment Advisers, LLC (CRD 123283): Form ADV filing data as of October 2026.