# DWR Wealth Management, LLC

> DWR Wealth Management, LLC is an SEC-registered investment advisory firm in San Jose, CA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 8, 2026.

- CRD: 133743
- Filed as: DWR WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Jose, CA
- Filing period: October 2026
- Form ADV filing dated: July 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/133743
- AdvisorCensus page: https://advisorcensus.com/firm/dwr-wealth-management-llc-san-jose-ca-133743

## Quick answers

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

**Where is DWR Wealth Management, LLC located?**
DWR Wealth Management, LLC's principal office is in San Jose, CA, according to its Form ADV.

**Is DWR Wealth Management, LLC registered with the SEC or a state?**
DWR Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 133743.

**How much does DWR Wealth Management, LLC manage?**
DWR Wealth Management, LLC reports $221,184,429 in regulatory assets under management in its Form ADV filing dated July 8, 2026 (99% discretionary).

**How have DWR Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for DWR Wealth Management, LLC: Regulatory assets under management: $129,325,230 in the October 2021 data and $221,184,429 in the October 2026 data, up 71%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does DWR Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (89); high net worth individuals (82); pension and profit sharing plans (but not the plan participants or government pension plans) (18).

**Which custodians does DWR Wealth Management, LLC use?**
DWR Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does DWR Wealth Management, 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/133743

**Does DWR Wealth Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated July 8, 2026 says: "The minimum account value required to open and maintain an account with Adviser is $250,000, subject to negotiation."

**What changed in DWR Wealth Management, LLC's recent Form ADV filings?**
In the August 2026 filing data: Employees performing advisory functions went from 4 to 3.

## 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 July 8, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> The minimum account value required to open and maintain an account with Adviser is $250,000, subject to negotiation.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services 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: $221,184,429
- Discretionary: $219,443,937
- Non-discretionary: $1,740,492

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 89 | $23,353,134 |
| High net worth individuals | 82 | $176,226,644 |
| 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) | 18 | $19,030,500 |
| Charitable organizations | Fewer than 5 | $2,303,876 |
| 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 | Fewer than 5 | $270,275 |
| Other | 0 | $0 |

### 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)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- dunhamcpas.com/wealth-management
- dwrwealth.com
- Facebook @DWR-Wealth-Management-LLC
- LinkedIn @dwr-wealth-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $129,325,230 | 3 | July 22, 2021 |
| October 2022 | $137,127,750 | 3 | April 26, 2022 |
| October 2023 | $133,347,464 | 3 | March 7, 2023 |
| October 2024 | $165,734,626 | 4 | March 27, 2024 |
| October 2025 | $179,620,318 | 4 | March 20, 2025 |
| October 2026 | $221,184,429 | 3 | July 8, 2026 |

Regulatory assets under management: $129,325,230 in the October 2021 data and $221,184,429 in the October 2026 data, up 71%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Employees performing advisory functions went from 4 to 3.

### March 2026
- Regulatory assets under management went from $179,620,318 to $221,184,429 (+23%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DWR Wealth Management, LLC (CRD 133743): Form ADV filing data as of October 2026.