D&A Advisors provides financial planning and portfolio management for individuals and small businesses. The firm advises 2 private funds.
D&A Advisors reports 168 clients. They include 117 individual clients, 45 high-net-worth individuals, and 6 corporations and other businesses. Of its assets, 100.0% ($127M across 264 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 25% |
| High-net-worth individuals | 27% | 72% |
| Corporations and other businesses | 4% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 117 | $31.6M | 24.9% | $270K |
| High-net-worth individuals | 45 | $91.4M | 71.9% | $2.03M |
| Corporations and other businesses | 6 | $4.13M | 3.2% | $688K |
| Total | 168 | $127M | 100% | $756K |
- Clients
- 117
- Regulatory AUM
- $31.6M
- AUM share
- 24.9%
- Avg. per client
- $270K
- Clients
- 45
- Regulatory AUM
- $91.4M
- AUM share
- 71.9%
- Avg. per client
- $2.03M
- Clients
- 6
- Regulatory AUM
- $4.13M
- AUM share
- 3.2%
- Avg. per client
- $688K
Total
- Clients
- 168
- Regulatory AUM
- $127M
- AUM share
- 100%
- Avg. per client
- $756K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 0
D&A Advisors charges 1.00% a year for its Portfolio Management Services. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Hourly fee of $200 to $350, negotiable; single-subject planning and consulting are billed at the same hourly rate.
D&a Holding, LLC owns 75% or more of D&A Advisors and is in turn owned by Daniel Carter (50–75%). The leadership team of D&A Advisors includes Chief Compliance Officer Daniel Carter. It has 2 employees.
Leadership
- Daniel CarterCo-CEO/Member/Chief Compliance Officer
- Anthony OzunaCo-CEO/Member
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of D&a Advisors, LLC
D&a Holding, LLC
Control person · since January 2020
- Owns 50% to 75% of D&a Holding, LLC
Daniel Carter
Control person · since January 2020
- Owns 50% to 75% of D&a Advisors, LLC
Anthony Ozuna
Control person · since January 2020
Besides its headquarters, D&A Advisors has 0 offices, with 1 listed address in 1 state.
Nevada · 1 listed address
- 5255 Longley Lane, Suite 101, RenoHQ
Contact and registration details
- Legal name
- D&a Advisors, LLC
- Headquarters
- 5255 Longley Lane, Suite 101, Reno, NV 89511-5200
- Website
- sierramgmt.group
- Phone
- 775-284-2552
- @36152931
- SEC file
- 801-135874
- Structure
- Nevada LLC
- Fiscal year end
- December
D&A Advisors’ named custodian for separately managed accounts is LPL Financial ($127M). D&A Advisors has custody of client assets.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $127M100%
At year end, D&A Advisors’ separately managed accounts were mostly in stocks (87%).
What the accounts hold
- Stocks87%
- Funds5%
- Bonds2%
- Cash4%
- Other2%
- Certificates of deposit2%
How many clients does D&A Advisors have?
D&A Advisors has 168 clients and manages $127 million for them, as of June 2026. They include 117 individual clients, 45 high-net-worth individuals, and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 June 2026
What services does D&A Advisors offer?
D&A Advisors provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does D&A Advisors charge?
D&A Advisors charges 1.00% a year for its Portfolio Management Services. The fee is billed in advance or in arrears and is negotiable.
Source: SIERRA MANAGEMENT GROUP ADV BROCHURE, filed 17 March 2026
Which custodians does D&A Advisors use?
D&A Advisors’ separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $127M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 June 2026
How many financial advisors does D&A Advisors have?
D&A Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does D&A Advisors invest in?
At the end of its last fiscal year, D&A Advisors’ separately managed accounts held 87% exchange-traded equities, 5% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents, 2% U.S. government and agency bonds and 2% other. The 2% other category is described as: Certificates of Deposit. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns D&A Advisors?
D&A Advisors is owned through a holding company by Daniel Carter. Its direct owners are D&a Holding, LLC (75% or more) and Anthony Ozuna (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 June 2026
How does D&A Advisors get paid?
D&A Advisors is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact D&A Advisors?
D&A Advisors’ main office is at 5255 Longley Lane, Suite 101, Reno, NV 89511-5200. Its phone number is 775-284-2552. Its website is sierramgmt.group.