# Deschutes Investment Consulting, LLC

> Deschutes Investment Consulting, LLC is an SEC-registered investment advisory firm in Portland, OR, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 19, 2026.

- CRD: 155312
- Filed as: DESCHUTES INVESTMENT CONSULTING, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Portland, OR
- Filing period: October 2026
- Form ADV filing dated: March 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155312
- AdvisorCensus page: https://advisorcensus.com/firm/deschutes-investment-consulting-llc-portland-or-155312

## Quick answers

**How is Deschutes Investment Consulting, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Deschutes Investment Consulting, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions.

**What does Deschutes Investment Consulting, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 19, 2026 states: Up to $1,000,000: 1.25% a year; $1,000,000 to $5,000,000: 0.75% a year; $5,000,000 to $10,000,000: 0.5% a year; Above $10,000,000: see the brochure. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Deschutes Investment Consulting, LLC located?**
Deschutes Investment Consulting, LLC's principal office is in Portland, OR, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Deschutes Investment Consulting, LLC registered with the SEC or a state?**
Deschutes Investment Consulting, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 155312.

**How much does Deschutes Investment Consulting, LLC manage?**
Deschutes Investment Consulting, LLC reports $2,888,130,797 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (21% discretionary).

**How have Deschutes Investment Consulting, LLC's assets and staff changed since 2021?**
In the Form ADV data for Deschutes Investment Consulting, LLC: Regulatory assets under management: $1,266,092,003 in the October 2021 data and $2,888,130,797 in the October 2026 data, up 128%. Total employees: 13 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Deschutes Investment Consulting, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (250); high net worth individuals (153); pension and profit sharing plans (but not the plan participants or government pension plans) (82).

**Which custodians does Deschutes Investment Consulting, LLC use?**
Deschutes Investment Consulting, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Charles Schwab Trust and Fidelity Trust as custodians holding 10% or more of its separately managed account assets.

**Does Deschutes Investment Consulting, 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/155312

**What changed in Deschutes Investment Consulting, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 10. Regulatory assets under management went from $2,474,201,625 to $2,888,130,797 (+17%). Changed its office addresses in Bend, OR.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 19, 2026)

- Up to $1,000,000: 1.25% a year
- $1,000,000 to $5,000,000: 0.75% a year
- $5,000,000 to $10,000,000: 0.5% a year
- Above $10,000,000: see the brochure

> Our standard fee schedule is stated below (fees are on an annual basis): 1.25% (125 basis points) on the first $1 million of assets 0.75% (75 basis points) on assets between $1 and $5 million 0.50% (50 basis points) on assets between $5 and $10 million Negotiable on assets over $10 million

- Minimum annual fee: $5,000

> Minimum Fee. We may charge you a minimum fee. If we do charge a minimum fee, the minimum fee is $5,000 per year.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Charles Schwab Trust
- Fidelity Trust

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: $2,888,130,797
- Discretionary: $597,839,433
- Non-discretionary: $2,290,291,364

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 250 | $77,336,690 |
| High net worth individuals | 153 | $403,070,415 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 82 | $2,206,543,877 |
| Charitable organizations | Fewer than 5 | $5,714,795 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $83,737,487 |
| Insurance companies | Fewer than 5 | $11,204,723 |
| Corporations or other businesses not listed above | 8 | $100,522,810 |

### 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
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2011 (15 years)
- Employees: 14 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Bend, OR

### Websites listed on Form ADV (Item 1.I)
- deschutesinvestment.com
- Facebook @DeschutesInvestmentConsulting
- LinkedIn @deschutes-investment-consulting-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,266,092,003 | 13 | March 8, 2021 |
| October 2022 | $1,323,846,005 | 12 | March 15, 2022 |
| October 2023 | $1,693,264,697 | 8 | March 20, 2023 |
| October 2024 | $2,128,031,383 | 12 | March 21, 2024 |
| October 2025 | $2,474,201,625 | 12 | February 26, 2025 |
| October 2026 | $2,888,130,797 | 14 | March 19, 2026 |

Regulatory assets under management: $1,266,092,003 in the October 2021 data and $2,888,130,797 in the October 2026 data, up 128%.
Total employees: 13 in October 2021 and 14 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 10.
- Regulatory assets under management went from $2,474,201,625 to $2,888,130,797 (+17%).
- Changed its office addresses in Bend, OR.

### February 2026
- Added an office in Bend, OR.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Deschutes Investment Consulting, LLC (CRD 155312): Form ADV filing data as of October 2026.