# 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.

- CRD: 145851
- Filed as: DEMARCHE
- Legal name: Discretionary Management Services, LLC
- Also doing business as: DEMARCHE, DMS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Overland Park, KS
- Filing period: October 2026
- Form ADV filing dated: March 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145851
- AdvisorCensus page: https://advisorcensus.com/firm/demarche-overland-park-ks-145851

## Quick answers

**How 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).

**How much does Demarche charge?**
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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

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

- Asset-based fee: 0.05% to 0.7% a year (a range, as the brochure states it)

> 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 brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $228,426,397
- Discretionary: $228,426,397
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $7,775,655 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $6,537,641 |
| Charitable organizations | 4 | $95,470,226 |
| Corporations or other businesses not listed above | 10 | $118,642,875 |

### 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)

### Firm details
- Registered since: 2008 (18 years)
- Employees: 22 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: KS
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [demarche.com](https://demarche.com)
- [dms-demarche.com](https://dms-demarche.com)
- [portal.demarche.com](https://portal.demarche.com)
- LinkedIn @DEMARCHE
- X @DeMarche74
- YouTube @UC8MQ-xGT_ekfA-R-wfahq9w

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,451,104,418 | 27 | March 8, 2021 |
| October 2022 | $1,349,001,877 | 27 | March 8, 2022 |
| October 2023 | $169,845,773 | 27 | September 22, 2023 |
| October 2024 | $212,637,399 | 27 | March 22, 2024 |
| October 2025 | $185,292,808 | 25 | March 27, 2025 |
| October 2026 | $228,426,397 | 22 | March 2, 2026 |

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.

## 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Demarche (CRD 145851): Form ADV filing data as of October 2026.