AdvisorCensus / Financial advisors / Missouri / Kansas City / Demarche
Demarche is an SEC-registered investment advisory firm in Overland Park, KS, registered since 2008, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 2, 2026.
Quick answers
From the filingHow is Demarche compensated?
On its Form ADV (Item 5.E, October 2026), Demarche reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Demarche's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 2, 2026 states: Asset-based fee: 0.05% to 0.7% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Demarche located?
Demarche's principal office is in Overland Park, KS, according to its Form ADV.
Is Demarche registered with the SEC or a state?
Demarche is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 145851.
How much does Demarche manage?
Demarche reports $228,426,397 in regulatory assets under management in its Form ADV filing dated March 2, 2026 (100% discretionary).
How have Demarche's assets and staff changed since 2021?
In the Form ADV data for Demarche: Regulatory assets under management: $1,451,104,418 in the October 2021 data and $228,426,397 in the October 2026 data, down 84%. Total employees: 27 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Demarche serve?
By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (10); charitable organizations (4); pooled investment vehicles (other than investment companies and business development companies) (1).
Does Demarche 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/145851
What changed in Demarche's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 18 to 16. Regulatory assets under management went from $185,292,808 to $228,426,397 (+23%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.05% to 0.7% a year (a range, as the brochure states it)
The brochure's wording
DMS charges for Outsourced Chief Investment Officer (OCIO) services as a percentage of AUM based upon asset size, number of accounts, and complexity of the investment policy. Fee percentages may range from .05% to .70% of AUM on an annual basis.
As stated in the firm's Form ADV Part 2A brochure dated March 2, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$228,426,397 as of October 2026, filing dated March 2, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- Discretionary Management Services, LLC
- Also doing business as
- DEMARCHE, DMS
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2008 (18 years)
- Employees
- Total: 22. Performing investment advisory functions: 16.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $228,426,397 | 22 | March 2, 2026 |
| October 2025 | $185,292,808 | 25 | March 27, 2025 |
| October 2024 | $212,637,399 | 27 | March 22, 2024 |
| October 2023 | $169,845,773 | 27 | September 22, 2023 |
| October 2022 | $1,349,001,877 | 27 | March 8, 2022 |
| October 2021 | $1,451,104,418 | 27 | March 8, 2021 |
Regulatory assets under management: $1,451,104,418 in the October 2021 data and $228,426,397 in the October 2026 data, down 84%.
Total employees: 27 in October 2021 and 22 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 18 to 16.
- Regulatory assets under management went from $185,292,808 to $228,426,397 (+23%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Demarche (CRD 145851): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/demarche-overland-park-ks-145851