D.B. Root & Company provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, educational seminars, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 11–25 clients last fiscal year.
D.B. Root & Company reports 777 clients. They include 648 individual clients, 95 high-net-worth individuals, and 22 pension and profit-sharing plans. Of its assets, 100.0% ($952M across 2,654 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 83% | 42% |
| High-net-worth individuals | 12% | 48% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | 3% | 4% |
| Charitable organizations | <1% | <1% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | <1% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 648 | $396M | 41.5% | $610K |
| High-net-worth individuals | 95 | $457M | 48.0% | $4.81M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | 22 | $33.9M | 3.6% | $1.54M |
| Charitable organizations | 5 | $7.78M | 0.8% | $1.56M |
| State or municipal government entities | Fewer than 5 | $186K | 0.0% | $186K |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | 6 | $57.8M | 6.1% | $9.64M |
| Total | 777 | $952M | 100% | — |
- Clients
- 648
- Regulatory AUM
- $396M
- AUM share
- 41.5%
- Avg. per client
- $610K
- Clients
- 95
- Regulatory AUM
- $457M
- AUM share
- 48.0%
- Avg. per client
- $4.81M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 22
- Regulatory AUM
- $33.9M
- AUM share
- 3.6%
- Avg. per client
- $1.54M
- Clients
- 5
- Regulatory AUM
- $7.78M
- AUM share
- 0.8%
- Avg. per client
- $1.56M
- Clients
- Fewer than 5
- Regulatory AUM
- $186K
- AUM share
- 0.0%
- Avg. per client
- $186K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $57.8M
- AUM share
- 6.1%
- Avg. per client
- $9.64M
Total
- Clients
- 777
- Regulatory AUM
- $952M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
D.B. Root & Company charges 0.50%–2.00% a year for its Investment Management and Wealth Management Fees. The fee is billed in advance and is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting are a negotiable fixed fee, generally from $300 to $10,000, depending on scope and complexity.
- Investment Consulting
- Investment consulting is an individually negotiated fee based on the scope of services and the time spent on the engagement.
- Retirement Plan Services
- Retirement plan services are billed at up to 1.00% of assets under management, or as negotiable flat or project fees.
D.B. Root Management, Inc. owns 75% or more of D.B. Root & Company and is in turn owned by David Root (75% or more). David Root is CEO; the leadership team includes Chief Investment Officer Michael Aroesty, Chief Operating Officer Jesse Root and Chief Financial Officer Heather Ostrowski. It has 22 employees, 15 of them in advisory roles.
Leadership
David RootChief Executive- Heather OstrowskiChief Financial Officer
Jesse RootChief Operating Officer- Richard ChenChief Compliance Officer
Michael AroestyChief Investment Officer
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
Staff
- 22 employees
- 15 in advisory functions
- 15 state-registered reps
- 2 insurance agents
- Owns 75% or more of D.B. Root & Company, LLC
D.B. Root Management, Inc.
Control person · since July 2017
- Owns 75% or more of D.B. Root Management, Inc.
David Root
Control person · since July 2017
D.B. Root & Company’s regulatory assets grew from $712M (March 2021) to $952M (June 2026); clients rose from 723 to 777 and employees from 17 to 22. Between 2018 and 2019, 2 advisory firms and teams joined it. The most recent was R. Applegate & Associates, in March 2019.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $952M | 777 | 22 | 2 |
| Mar 2025March 2025 | $830M | 768 | 20 | 1 |
| Apr 2024April 2024 | $714M | 731 | 19 | 1 |
| Mar 2023March 2023 | $642M | 935 | 20 | 1 |
| Jul 2022July 2022 | $751M | 710 | 20 | 1 |
| Mar 2021March 2021 | $712M | 723 | 17 | 1 |
Firms that joined
20191 joined
- R. Applegate & AssociatesNo filed AUM
20181 joined
- The Paul Abendroth Group (from Rehmann)TeamNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, D.B. Root & Company has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Pennsylvania · 1 listed address
- 436 Seventh Avenue, Suite 2800, PittsburghHQ
Other business names
D.B. Root & Company has reported 4 other business names to the SEC.
- DBR & Co
- DBR & Co Wealth Partners
- DBR Fiduciary Plan Solutions
- DBR Next
Contact and registration details
- Legal name
- D.B. Root & Company, LLC
- Headquarters
- 436 Seventh Avenue, Suite 2800, Pittsburgh, PA 15219
- Website
- dbroot.com
- Phone
- 412-227-2800
- @d-b-root-company
- SEC file
- 801-106632
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
D.B. Root & Company’s named custodian for separately managed accounts is Charles Schwab ($737M). D.B. Root & Company does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $737M100%
At year end, D.B. Root & Company’s separately managed accounts were mostly in funds (77%) and stocks (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $471M across 207 positions; the largest are J P Morgan Exchange Traded F (16.3%), Schwab Strategic TR (9.1%) and Pimco ETF TR (7.4%).
What the accounts hold
- Stocks15%
- Funds77%
- Bonds2%
- Cash5%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $471M
- Reported 13F value
- 207
- Positions
- 51.7%
- In the 10 largest
- +12.5%
- Value vs. prior quarter
- J P Morgan Exchange Traded F · Core Plus BD ETF16.3%
- Schwab Strategic TR · US Lrg Cap ETF9.1%
- Pimco ETF TR · Multisector BD7.4%
- Vanguard Specialized Funds · Div App ETF4.0%
- Dimensional ETF Trust · Intl Core EQT MK3.2%
- Schwab Strategic TR · US Brd Mkt ETF2.9%
- Innovator ETFS Trust · U S EQ 10 Buffer2.5%
- Apple Inc.2.4%
- Vanguard Star Fds · VG TL Intl Stk F2.0%
- Innovator ETFS Trust · Buff Step UP ETF1.8%
Together, the ten largest are 51.7% of reported value.
How many clients does D.B. Root & Company have?
D.B. Root & Company has 777 clients and manages $952 million for them, as of June 2026. They include 648 individual clients, 95 high-net-worth individuals, and 22 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 June 2026
What services does D.B. Root & Company offer?
D.B. Root & Company provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, educational seminars, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does D.B. Root & Company charge?
D.B. Root & Company charges 0.50%–2.00% a year for its Investment Management and Wealth Management Fees. The fee is billed in advance and is negotiable.
Source: D.B. ROOT & COMPANY, LLC DISCLOSURE BROCHURE, filed 12 March 2026
Which custodians does D.B. Root & Company use?
D.B. Root & Company’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $737M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 June 2026
How many financial advisors does D.B. Root & Company have?
D.B. Root & Company has 15 investment adviser representatives registered with state securities authorities, out of 22 employees, and 15 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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.B. Root & Company invest in?
At the end of its last fiscal year, D.B. Root & Company’s separately managed accounts held 77% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 5% cash and equivalents and 2% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns D.B. Root & Company?
D.B. Root & Company is owned through a holding company by David Root. Its direct owner is D.B. Root Management, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 June 2026
How does D.B. Root & Company get paid?
D.B. Root & Company is paid through a percentage of assets under management, fixed fees and commissions. Its Form ADV lists no 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.B. Root & Company?
D.B. Root & Company’s main office is at 436 Seventh Avenue, Suite 2800, Pittsburgh, PA 15219. Its phone number is 412-227-2800. Its website is dbroot.com.