{
  "crd_number": 145851,
  "slug": "demarche-overland-park-ks-145851",
  "primary_business_name": "DEMARCHE",
  "legal_name": "DISCRETIONARY MANAGEMENT SERVICES, LLC",
  "dbas": [
    "DEMARCHE",
    "DMS"
  ],
  "city": "Overland Park",
  "state": "KS",
  "country": "United States",
  "cbsa_code": "28140",
  "metro": {
    "cbsa_code": "28140",
    "common_name": "Kansas City",
    "msa_name": "Kansas City, MO-KS",
    "path": "/advisors/mo/kansas-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2008-01-29",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-03-02",
  "carried_forward": false,
  "raum_total": 228426397.0,
  "raum_discretionary": 228426397.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 22,
  "advisory_employees": 16,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 95470226.0,
      "count": 4,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 6537641.0,
      "count": 1,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 7775655.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 118642875.0,
      "count": 10
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "KS"
  ],
  "websites": [
    "https://demarche.com",
    "https://dms-demarche.com",
    "https://linkedin.com/COMPANY/DEMARCHE",
    "https://portal.demarche.com",
    "https://twitter.com/DeMarche74",
    "https://youtube.com/channel/UC8MQ-xGT_ekfA-R-wfahq9w"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145851",
  "city_as_filed": "OVERLAND PARK",
  "url": "https://advisorcensus.com/firm/demarche-overland-park-ks-145851",
  "display_name": "Demarche",
  "summary": "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.",
  "citation": "AdvisorCensus. Demarche (CRD 145851): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is Demarche compensated?",
      "a": "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)."
    },
    {
      "q": "How much does Demarche charge?",
      "a": "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."
    },
    {
      "q": "Where is Demarche located?",
      "a": "Demarche's principal office is in Overland Park, KS, according to its Form ADV."
    },
    {
      "q": "Is Demarche registered with the SEC or a state?",
      "a": "Demarche is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 145851."
    },
    {
      "q": "How much does Demarche manage?",
      "a": "Demarche reports $228,426,397 in regulatory assets under management in its Form ADV filing dated March 2, 2026 (100% discretionary)."
    },
    {
      "q": "How have Demarche's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Demarche serve?",
      "a": "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)."
    },
    {
      "q": "Does Demarche 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/145851"
    },
    {
      "q": "What changed in Demarche's recent Form ADV filings?",
      "a": "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%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1451104418.0,
      "total_employees": 27,
      "filing_date": "2021-03-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1349001877.0,
      "total_employees": 27,
      "filing_date": "2022-03-08"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 169845773.0,
      "total_employees": 27,
      "filing_date": "2023-09-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 212637399.0,
      "total_employees": 27,
      "filing_date": "2024-03-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 185292808.0,
      "total_employees": 25,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 228426397.0,
      "total_employees": 22,
      "filing_date": "2026-03-02"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 18 to 16.",
        "Regulatory assets under management went from $185,292,808 to $228,426,397 (+23%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 2, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.05% to 0.7% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.05% to 0.7% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.05,
        0.7
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/demarche-overland-park-ks-145851.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 7775655.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 6537641.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 4,
      "fewer_than_5": true,
      "raum": 95470226.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 10,
      "fewer_than_5": false,
      "raum": 118642875.0
    }
  ],
  "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/145851",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}