# Dunhill Financial

> Dunhill Financial is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 8, 2026.

- CRD: 288211
- Filed as: DUNHILL FINANCIAL
- Legal name: Dunhill Financial, LLC
- Also doing business as: DF-DIRECT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: September 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288211
- AdvisorCensus page: https://advisorcensus.com/firm/dunhill-financial-london-288211

## Quick answers

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

**Where is Dunhill Financial located?**
Dunhill Financial's principal office is in London, United Kingdom, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Dunhill Financial registered with the SEC or a state?**
Dunhill Financial is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288211.

**How much does Dunhill Financial manage?**
Dunhill Financial reports $601,716,422 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (100% discretionary).

**How have Dunhill Financial's assets and staff changed since 2021?**
In the Form ADV data for Dunhill Financial: Regulatory assets under management: $68,343,731 in the October 2021 data and $601,716,422 in the October 2026 data, up 780%. Total employees: 4 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Dunhill Financial serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (879); high net worth individuals (113); corporations or other businesses not listed above (4).

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

**Does Dunhill Financial 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/288211

**Does Dunhill Financial state an account minimum?**
Its Form ADV Part 2A brochure dated August 13, 2026 says: "There is no account minimum."

**What changed in Dunhill Financial's recent Form ADV filings?**
In the August 2026 filing data: Employees performing advisory functions went from 11 to 12.

## From the Form ADV filing

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

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

- Account minimum: None

> There is no account minimum.

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.
- Fidelity Brokerage Services LLC
- Interactive Brokers LLC

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: $601,716,422
- Discretionary: $601,407,957
- Non-discretionary: $308,465

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 879 | $230,486,115 |
| High net worth individuals | 113 | $369,634,514 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 4 | $1,595,793 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2017 (9 years)
- Employees: 13 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, GA, LA, NY, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Berlin
- Biarritz

### Websites listed on Form ADV (Item 1.I)
- df-direct.com
- dunhillfinancial.com
- Facebook @AmericanExpatFinances
- LinkedIn @12898049
- X @DUNHILLFIN
- YouTube @DunhillFinancial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $68,343,731 | 4 | August 17, 2021 |
| October 2022 | $123,972,750 | 3 | September 16, 2022 |
| October 2023 | $142,766,431 | 4 | September 27, 2023 |
| October 2024 | $240,639,600 | 5 | July 11, 2024 |
| October 2025 | $322,892,937 | 9 | July 25, 2025 |
| October 2026 | $601,716,422 | 13 | September 8, 2026 |

Regulatory assets under management: $68,343,731 in the October 2021 data and $601,716,422 in the October 2026 data, up 780%.
Total employees: 4 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Employees performing advisory functions went from 11 to 12.

### May 2026
- Employees performing advisory functions went from 12 to 11.

### April 2026
- Employees performing advisory functions went from 13 to 12.

### March 2026
- Employees performing advisory functions went from 11 to 13.
- Regulatory assets under management went from $322,892,937 to $601,716,422 (+86%).

### January 2026
- Employees performing advisory functions went from 9 to 11.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Dunhill Financial (CRD 288211): Form ADV filing data as of October 2026.