# Dunbar Associates, LLC

> Dunbar Associates, LLC is an SEC-registered investment advisory firm in Monroe, CT, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 5, 2026.

- CRD: 323134
- Filed as: DUNBAR ASSOCIATES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Monroe, CT
- Filing period: October 2026
- Form ADV filing dated: August 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323134
- AdvisorCensus page: https://advisorcensus.com/firm/dunbar-associates-llc-monroe-ct-323134

## Quick answers

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

**How much does Dunbar Associates, LLC charge?**
Its Form ADV Part 2A brochure dated August 5, 2026 states: Asset-based fee: 0.5% to 1.5% 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 Dunbar Associates, LLC located?**
Dunbar Associates, LLC's principal office is in Monroe, CT, according to its Form ADV.

**Is Dunbar Associates, LLC registered with the SEC or a state?**
Dunbar Associates, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323134.

**How much does Dunbar Associates, LLC manage?**
Dunbar Associates, LLC reports $307,487,000 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (78% discretionary).

**How have Dunbar Associates, LLC's assets and staff changed since 2023?**
In the Form ADV data for Dunbar Associates, LLC: Regulatory assets under management: $109,866,092 in the October 2023 data and $307,487,000 in the October 2026 data, up 180%. Total employees: 2 in October 2023 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Dunbar Associates, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (103); high net worth individuals (101); pension and profit sharing plans (but not the plan participants or government pension plans) (98).

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

**Does Dunbar Associates, LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct) and 11.D(2) (another regulator's finding of a violation). 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/323134

**Does Dunbar Associates, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated August 5, 2026 says: "Dunbar Associates generally does not impose a minimum relationship size."

**What changed in Dunbar Associates, LLC's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## 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 August 5, 2026)

- Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)

> Investment advisory fees range from 0.50% to 1.50% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor.

- Account minimum: None

> Dunbar Associates generally does not impose a minimum relationship size.

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.
- Empower

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: $307,487,000
- Discretionary: $241,300,600
- Non-discretionary: $66,186,400

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 103 | $31,487,000 |
| High net worth individuals | 101 | $96,450,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 98 | $145,550,000 |
| Corporations or other businesses not listed above | 6 | $34,000,000 |

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

### Firm details
- Registered since: 2022 (3 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/323134

### Websites listed on Form ADV (Item 1.I)
- [dunbarassociatesllc.com](https://dunbarassociatesllc.com)
- LinkedIn @keith-cuomo-cfbs

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $109,866,092 | 2 | March 30, 2023 |
| October 2024 | $213,240,000 | 3 | March 22, 2024 |
| October 2025 | $267,053,000 | 3 | March 7, 2025 |
| October 2026 | $307,487,000 | 3 | August 5, 2026 |

Regulatory assets under management: $109,866,092 in the October 2023 data and $307,487,000 in the October 2026 data, up 180%.
Total employees: 2 in October 2023 and 3 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $267,053,000 to $307,487,000 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Dunbar Associates, LLC (CRD 323134): Form ADV filing data as of October 2026.