{ "crd_number": 146322, "slug": "des-moines-investments-llc-des-moines-ia-146322", "primary_business_name": "DES MOINES INVESTMENTS, LLC", "legal_name": "DES MOINES INVESTMENTS, LLC", "dbas": [], "city": "Des Moines", "state": "IA", "country": "United States", "cbsa_code": "19780", "metro": { "cbsa_code": "19780", "common_name": "Des Moines", "msa_name": "Des Moines-West Des Moines, IA", "path": "/advisors/ia/des-moines" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2022-03-03", "years_registered": 4, "period": "2026-10-01", "filing_date": "2026-06-17", "carried_forward": false, "raum_total": 246000000.0, "raum_discretionary": 246000000.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 4, "advisory_employees": 3, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 146000000.0, "count": 625 }, "high_net_worth_individuals": { "raum": 100000000.0, "count": 75 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "AZ", "CA", "FL", "HI", "IA", "MN", "MO", "NE", "TX" ], "websites": [ "https://investdsmi.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/146322", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "DES MOINES", "url": "https://advisorcensus.com/firm/des-moines-investments-llc-des-moines-ia-146322", "display_name": "DES Moines Investments, LLC", "summary": "DES Moines Investments, LLC is an SEC-registered investment advisory firm in Des Moines, IA, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 17, 2026.", "citation": "AdvisorCensus. DES Moines Investments, LLC (CRD 146322): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is DES Moines Investments, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), DES Moines Investments, LLC reports these compensation arrangements: a percentage of assets under its management." }, { "q": "How much does DES Moines Investments, LLC charge?", "a": "Its Form ADV Part 2A brochure dated February 19, 2026 states: Asset-based fee: 0.8% to 1% 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 DES Moines Investments, LLC located?", "a": "DES Moines Investments, LLC's principal office is in Des Moines, IA, according to its Form ADV." }, { "q": "Is DES Moines Investments, LLC registered with the SEC or a state?", "a": "DES Moines Investments, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 146322." }, { "q": "How much does DES Moines Investments, LLC manage?", "a": "DES Moines Investments, LLC reports $246,000,000 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (100% discretionary)." }, { "q": "How have DES Moines Investments, LLC's assets and staff changed since 2022?", "a": "In the Form ADV data for DES Moines Investments, LLC: Regulatory assets under management: $140,000,000 in the October 2022 data and $246,000,000 in the October 2026 data, up 76%. Total employees: 2 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does DES Moines Investments, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (625); high net worth individuals (75)." }, { "q": "Does DES Moines Investments, LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/146322" }, { "q": "What changed in DES Moines Investments, LLC's recent Form ADV filings?", "a": "In the July 2026 filing data: Registered or notice-filed in HI." } ], "filing_history": [ { "period": "2022-10-01", "regulatory_assets_under_management": 140000000.0, "total_employees": 2, "filing_date": "2022-09-08" }, { "period": "2023-10-01", "regulatory_assets_under_management": 140000000.0, "total_employees": 1, "filing_date": "2023-03-27" }, { "period": "2024-10-01", "regulatory_assets_under_management": 170000000.0, "total_employees": 4, "filing_date": "2024-05-07" }, { "period": "2025-10-01", "regulatory_assets_under_management": 190000000.0, "total_employees": 4, "filing_date": "2025-03-10" }, { "period": "2026-10-01", "regulatory_assets_under_management": 246000000.0, "total_employees": 4, "filing_date": "2026-06-17" } ], "recent_changes": [ { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Registered or notice-filed in HI." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Regulatory assets under management went from $190,000,000 to $246,000,000 (+29%).", "Registered or notice-filed in AZ, CA, FL, NE." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated February 19, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "0.8% to 1% 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: 0.8% to 1% a year (a range, as the brochure states it)" ], "quotes": [ "Annual management expenses assessed via DSMI on brokerage accounts will range from 1% to .80% per year." ] } ], "values": { "tiers": [], "range_pct": [ 0.8, 1.0 ], "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Annual management expenses assessed via DSMI on brokerage accounts will range from 1% to .80% per year." ], "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/des-moines-investments-llc-des-moines-ia-146322.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 625, "fewer_than_5": false, "raum": 146000000.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 75, "fewer_than_5": false, "raum": 100000000.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "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/146322", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }