{"url":"https://nivawealth.com/firms/dark-horse-advisors-312741","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/312741","regulatoryAum":181732180,"crd":"312741","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5333924","suffix":null,"lastName":"Feindel","firstName":"Blake","middleName":"Frederick"},{"crd":"7780202","suffix":null,"lastName":"Montes","firstName":"Jacob","middleName":"Tyler"},{"crd":"5074516","suffix":null,"lastName":"POOLE","firstName":"MATTHEW","middleName":"D."},{"crd":"4727255","suffix":null,"lastName":"SEVIER","firstName":"KEVIN","middleName":null},{"crd":"4829213","suffix":null,"lastName":"Sonderby","firstName":"Bryan","middleName":null}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-136369","legalName":"Dark Horse Advisors LLC","displayName":"Dark Horse Advisors","slug":"dark-horse-advisors-312741","website":"https://pw.darkhorse.cpa/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Nevada limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":["Dark Horse Private Wealth"],"registration":{"secApproved":"26 May 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1010268.2471910112,"staff":{"employees":7,"advisory":5,"brokerDealerReps":2,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":181732180,"discretionary":181732180,"discretionaryAccounts":426,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":7},"clientTypes":[{"label":"Individuals (other than HNW)","clients":160,"regulatoryAum":91014522},{"label":"High-net-worth individuals","clients":18,"regulatoryAum":88813226},{"label":"Pension and profit-sharing plans","clients":1,"regulatoryAum":1904432}],"feePrograms":[{"role":"main","program":"Portfolio Management","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":3000000,"pct":0.8,"from":1000000},{"to":5000000,"pct":0.6,"from":3000000},{"to":null,"pct":0.5,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042959","versionId":1042959,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-04-27","documentName":"ADV PART 2A- DARK HORSE ADVISORS LLC","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning & Consulting","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042959","versionId":1042959,"submittedOn":"2026-04-27","documentName":"ADV PART 2A- DARK HORSE ADVISORS LLC"},{"role":"other","program":"Retirement Plan Consulting & Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042959","versionId":1042959,"submittedOn":"2026-04-27","documentName":"ADV PART 2A- DARK HORSE ADVISORS LLC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:54:05.662105+00:00","documents":[{"name":"ADV PART 2A- DARK HORSE ADVISORS LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042959","versionId":1042959,"submittedOn":"2026-04-27"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":59851514}],"custodyNote":"Dark Horse Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"David Buenaventura","title":"Chief Compliance Officer","crd":"7077849"},{"name":"Matthew Poole","title":"Managing Member","crd":"5074516"}],"ownership":[{"label":"Matthew Poole","detail":"Managing member in the 50% to 75% ownership band and a control person, since January 2023."},{"label":"Dark Horse Cpas, an Accountancy Corporation","detail":"Owner in the 50% to 75% ownership band and a control person, since January 2021."},{"label":"Chase Birky","detail":"Indirect owner: a ceo of Dark Horse Cpas, an Accountancy Corporation in the 25% to 50% band and a control person, since January 2021.","parent":"Dark Horse Cpas, an Accountancy Corporation"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"858-200-0616","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Subscription fees","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":15},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":60},{"label":"Cash and cash equivalents","percent":23}],"privateFunds":0},"sources":{"adv1FilingDate":"27 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/312741/PDF/312741.pdf","brochureDate":"27 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042959","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Dark Horse Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Dark Horse Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Dark Horse Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Dark Horse Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Dark Horse Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Dark Horse Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Dark Horse Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Dark Horse Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Dark Horse Advisors?","answer":"Its phone number is 858-200-0616. Its website is pw.darkhorse.cpa.","source":"Form ADV Part 1A, Item 1.F, filed 27 April 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}