Dark Horse Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Dark Horse Advisors reports 179 clients. They include 160 individual clients, 18 high-net-worth individuals and 1 pension or profit-sharing plan. Of its assets, 100.0% ($182M across 426 accounts) are managed with discretion. It advised 7 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 89% | 50% |
| High-net-worth individuals | 10% | 49% |
| Pension and profit-sharing plans | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 160 | $91M | 50.1% | $569K |
| High-net-worth individuals | 18 | $88.8M | 48.9% | $4.93M |
| Pension and profit-sharing plans | 1 | $1.9M | 1.0% | $1.9M |
| Total | 179 | $182M | 100% | $1.02M |
- Clients
- 160
- Regulatory AUM
- $91M
- AUM share
- 50.1%
- Avg. per client
- $569K
- Clients
- 18
- Regulatory AUM
- $88.8M
- AUM share
- 48.9%
- Avg. per client
- $4.93M
- Clients
- 1
- Regulatory AUM
- $1.9M
- AUM share
- 1.0%
- Avg. per client
- $1.9M
Total
- Clients
- 179
- Regulatory AUM
- $182M
- AUM share
- 100%
- Avg. per client
- $1.02M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 7
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Dark Horse Advisors charges 0.50%–1.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$3M | 0.80% |
| $3M–$5M | 0.60% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Financial Planning & Consulting
- Financial planning and consulting is billed hourly (not to exceed $350 per hour), as a flat fee or as a recurring fee; flat and recurring fees generally start at $3,500 and can reach $100,000 for complex engagements.
- Retirement Plan Consulting & Services
- Retirement plan advisory and consulting for employer-sponsored plans is billed as a percentage of plan assets (generally 0.25% to 1.50% annually) or as a flat fee generally not to exceed $75,000 annually.
Matthew Poole owns 50% to 75% of Dark Horse Advisors. The leadership team of Dark Horse Advisors includes Chief Compliance Officer David Buenaventura. It has 7 employees, 5 of them in advisory roles.
Leadership
- David BuenaventuraChief Compliance Officer
- Matthew PooleManaging Member
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 5 in advisory functions
- 4 state-registered reps
- 2 broker-dealer reps
- 3 insurance agents
- Owns 50% to 75% of Dark Horse Advisors LLC
Matthew Poole
Control person · since January 2023
- Owns 50% to 75% of Dark Horse Advisors LLC
Dark Horse Cpas, an Accountancy Corporation
Control person · since January 2021
- Owns 25% to 50% of Dark Horse Cpas, an Accountancy Corporation
Chase Birky
Control person · since January 2021
Besides its headquarters, Dark Horse Advisors has 0 offices, with 1 listed address with no US state reported.
Other business names
Dark Horse Advisors has reported 1 other business name to the SEC.
- Dark Horse Private Wealth
Contact and registration details
- Legal name
- Dark Horse Advisors LLC
- Headquarters
- Not reported
- Website
- pw.darkhorse.cpa
- Phone
- 858-200-0616
- SEC file
- 801-136369
- Structure
- Nevada LLC
- Fiscal year end
- December
Dark Horse Advisors uses Charles Schwab ($59.9M) as custodian for its separately managed accounts. Dark Horse Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $59.9M100%
At year end, Dark Horse Advisors’ separately managed accounts were mostly in funds (60%) and cash (23%).
What the accounts hold
- Stocks16%
- Exchange-traded equities15%
- Non-exchange-traded equities1%
- Funds60%
- Bonds1%
- Cash23%
How many clients does Dark Horse Advisors have?
Dark Horse Advisors has 179 clients and manages $182 million for them, as of April 2026. They include 160 individual clients, 18 high-net-worth individuals and 1 pension or profit-sharing plan.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 April 2026
What services does Dark Horse Advisors offer?
Dark Horse Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Dark Horse Advisors charge?
Dark Horse Advisors charges 0.50%–1.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: ADV PART 2A- DARK HORSE ADVISORS LLC, filed 27 April 2026
Which custodians does Dark Horse Advisors use?
Dark Horse Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $59.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 April 2026
How many financial advisors does Dark Horse Advisors have?
Dark Horse Advisors has 4 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 3 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 Dark Horse Advisors invest in?
At the end of its last fiscal year, Dark Horse Advisors’ separately managed accounts held 60% registered funds (mutual funds, ETFs, BDCs), 23% cash and equivalents, 15% exchange-traded equities, 1% non-exchange-traded equities and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Dark Horse Advisors?
Dark Horse Advisors is owned through a holding company by Chase Birky. Its direct owners are Matthew Poole (50% to 75%) and Dark Horse Cpas, an Accountancy Corporation (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 April 2026
How does Dark Horse Advisors get paid?
Dark Horse Advisors is paid through a percentage of assets under management, hourly charges, subscription fees, fixed fees and other compensation. 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 Dark Horse Advisors?
Its phone number is 858-200-0616. Its website is pw.darkhorse.cpa.