# Dreher Financial Partners

> Dreher Financial Partners is an SEC-registered investment advisory firm in Southern Pines, NC, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 13, 2026.

- CRD: 104537
- Filed as: DREHER FINANCIAL PARTNERS
- Legal name: H. S. Dreher Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Southern Pines, NC
- Filing period: October 2026
- Form ADV filing dated: February 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104537
- AdvisorCensus page: https://advisorcensus.com/firm/dreher-financial-partners-southern-pines-nc-104537

## Quick answers

**How is Dreher Financial Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Dreher Financial Partners reports these compensation arrangements: a percentage of assets under its management.

**Where is Dreher Financial Partners located?**
Dreher Financial Partners' principal office is in Southern Pines, NC, according to its Form ADV.

**Is Dreher Financial Partners registered with the SEC or a state?**
Dreher Financial Partners is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 104537.

**How much does Dreher Financial Partners manage?**
Dreher Financial Partners reports $148,240,000 in regulatory assets under management in its Form ADV filing dated February 13, 2026 (100% discretionary).

**How have Dreher Financial Partners' assets and staff changed since 2022?**
In the Form ADV data for Dreher Financial Partners: Regulatory assets under management: $119,226,742 in the October 2022 data and $148,240,000 in the October 2026 data, up 24%. Total employees: 3 in October 2022 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Dreher Financial Partners serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (142); high net worth individuals (36); pension and profit sharing plans (but not the plan participants or government pension plans) (4).

**Which custodians does Dreher Financial Partners use?**
Dreher Financial Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Dreher Financial Partners 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/104537

**Does Dreher Financial Partners state an account minimum?**
Its Form ADV Part 2A brochure dated February 13, 2026 says: "The firm does not require a minimum account size to establish and maintain its services. However, the firm’s minimum investment management fees may apply."

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 13, 2026)

- Account minimum: None

> The firm does not require a minimum account size to establish and maintain its services. However, the firm’s minimum investment management fees may apply.

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.

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: $148,240,000
- Discretionary: $148,240,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 142 | $45,590,000 |
| High net worth individuals | 36 | $94,250,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $7,950,000 |
| Charitable organizations | 2 | $450,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2022 (4 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- interestoninterest.com
- Facebook @Dreher Financial Partners
- LinkedIn @michaelwhitedrehercapitalmgmt
- LinkedIn @tomvelevisdrehercapital
- X @interest_on_interest

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $119,226,742 | 3 | April 14, 2022 |
| October 2023 | $119,231,766 | 3 | January 31, 2023 |
| October 2024 | $124,184,522 | 2 | September 27, 2024 |
| October 2025 | $135,860,000 | 2 | March 11, 2025 |
| October 2026 | $148,240,000 | 2 | February 13, 2026 |

Regulatory assets under management: $119,226,742 in the October 2022 data and $148,240,000 in the October 2026 data, up 24%.
Total employees: 3 in October 2022 and 2 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Dreher Financial Partners (CRD 104537): Form ADV filing data as of October 2026.