# Millbank Dartmoor Portsmouth LLC

> Millbank Dartmoor Portsmouth LLC is an SEC-registered investment advisory firm in Asheville, NC, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 311046
- Filed as: MILLBANK DARTMOOR PORTSMOUTH LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Asheville, NC
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311046
- AdvisorCensus page: https://advisorcensus.com/firm/millbank-dartmoor-portsmouth-llc-asheville-nc-311046

## Quick answers

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

**Where is Millbank Dartmoor Portsmouth LLC located?**
Millbank Dartmoor Portsmouth LLC's principal office is in Asheville, NC, according to its Form ADV.

**Is Millbank Dartmoor Portsmouth LLC registered with the SEC or a state?**
Millbank Dartmoor Portsmouth LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 311046.

**How much does Millbank Dartmoor Portsmouth LLC manage?**
Millbank Dartmoor Portsmouth LLC reports $263,173,121 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Millbank Dartmoor Portsmouth LLC's assets and staff changed since 2021?**
In the Form ADV data for Millbank Dartmoor Portsmouth LLC: Regulatory assets under management: $107,000,000 in the October 2021 data and $263,173,121 in the October 2026 data, up 146%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**Which custodians does Millbank Dartmoor Portsmouth LLC use?**
Millbank Dartmoor Portsmouth LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon as a custodian holding 10% or more of its separately managed account assets.

**Does Millbank Dartmoor Portsmouth 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/311046

**What changed in Millbank Dartmoor Portsmouth LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $233,714,235 to $263,173,121 (+13%). 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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon

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: $263,173,121
- Discretionary: $263,173,121
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $98,796,647 |
| Corporations or other businesses not listed above | Fewer than 5 | $164,376,474 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2020 (5 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mdpvol.com
- LinkedIn @millbank-dartmoor-portsmouth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $107,000,000 | 2 | March 30, 2021 |
| October 2022 | $256,446,300 | 2 | September 5, 2022 |
| October 2023 | $308,485,062 | 2 | March 21, 2023 |
| October 2024 | $213,021,763 | 3 | July 9, 2024 |
| October 2025 | $233,714,235 | 3 | March 28, 2025 |
| October 2026 | $263,173,121 | 3 | March 27, 2026 |

Regulatory assets under management: $107,000,000 in the October 2021 data and $263,173,121 in the October 2026 data, up 146%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $233,714,235 to $263,173,121 (+13%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Millbank Dartmoor Portsmouth LLC (CRD 311046): Form ADV filing data as of October 2026.