David Vaughan Investments provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 500 clients last fiscal year.
David Vaughan Investments reports 1,240 clients. They include 721 high-net-worth individuals, 443 individual clients, and 40 pension and profit-sharing plans. Nearly all assets ($5.33B across 4,283 accounts) are managed with discretion; $1.55M across 5 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 36% | 4% |
| High-net-worth individuals | 58% | 69% |
| Banking or thrift institutions | Fewer than 5 | 11% |
| Pension and profit-sharing plans | 3% | 6% |
| Charitable organizations | 2% | 7% |
| Other client typesInsurance companies; Corporations and other businesses | <1% | 4% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 443 | $211M | 4.0% | $476K |
| High-net-worth individuals | 721 | $3.7B | 69.3% | $5.13M |
| Banking or thrift institutions | Fewer than 5 | $561M | 10.5% | — |
| Pension and profit-sharing plans | 40 | $318M | 6.0% | $7.96M |
| Charitable organizations | 24 | $348M | 6.5% | $14.5M |
| Insurance companies | Fewer than 5 | $151M | 2.8% | — |
| Corporations and other businesses | 12 | $45.8M | 0.9% | $3.81M |
| Total | 1,240 | $5.33B | 100% | — |
- Clients
- 443
- Regulatory AUM
- $211M
- AUM share
- 4.0%
- Avg. per client
- $476K
- Clients
- 721
- Regulatory AUM
- $3.7B
- AUM share
- 69.3%
- Avg. per client
- $5.13M
- Clients
- Fewer than 5
- Regulatory AUM
- $561M
- AUM share
- 10.5%
- Avg. per client
- —
- Clients
- 40
- Regulatory AUM
- $318M
- AUM share
- 6.0%
- Avg. per client
- $7.96M
- Clients
- 24
- Regulatory AUM
- $348M
- AUM share
- 6.5%
- Avg. per client
- $14.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $151M
- AUM share
- 2.8%
- Avg. per client
- —
- Clients
- 12
- Regulatory AUM
- $45.8M
- AUM share
- 0.9%
- Avg. per client
- $3.81M
Total
- Clients
- 1,240
- Regulatory AUM
- $5.33B
- 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
- 500
David Vaughan Investments charges 0.50%–0.90% for its Wealth Management Advisory Services. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $9,000 annual minimum. The brochure also prices one other service, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$1M | 0.90% |
| $1M–$5M | 0.75% |
| $5M–$15M | 0.70% |
| $15M–$25M | 0.60% |
| $25M and above | 0.50% |
Fee details and sources
Other fees
- Stand-alone Financial Planning
- Stand-alone financial planning for a prospective client is priced per project in the engagement agreement, with no rate stated; any fee may be credited to later investment management fees if the prospect becomes a client.
Hometown Community Bancorp, Inc. owns 75% or more of David Vaughan Investments and is in turn owned by Hometown Community Bancorp, Inc. Employee Stock Ownership Plan & Trust (25–50%). The leadership team of David Vaughan Investments includes President Brian Christensen, Chief Operating Officer Alfredo Risi and Chief Compliance Officer Michael Price. It has 48 employees.
Leadership
Brian ChristensenElected Manager & SR Vice President & Chief Investment Officer
Stephen HinrichsSenior Vice President of Investment Research
Michael PriceChief Compliance Officer, Vice President of Risk Management & Corporate Secretary- Elizabeth SalmonVice President of Operations
Todd SheridanVice President
Patrick SmarjesseSenior Vice President of Relationship Management
Lawrence Williams IVElected Manager, Chairman, President & CEO
Alfredo RisiChief Operating Officer- Darrin AutryElected Manager
- Michael DewaltElected Manager
Erin DuvallChief People Officer- Andrew HoneggerElected Manager
Jeffrey HuizengaDirector of Wealth Strategies
Glenn MaxeyDirector & Senior Portfolio Manager- John McClureElected Manager
Stephanie RickettsSenior Relationship Manager & Director of Client Services- Kevin SchoepleinElected Manager
- Christopher SpearsElected Manager
- David Vaughan JrElected Manager
Mitchell ZippayDirector & Senior Accounting Manager
Investment adviser representatives
23 representatives listed in the SEC register as of 9 October 2026.
- Michael E Armistead
- Deanna Marie Baele
- Cody John Behrens
- Michael Martin Flaherty
- Meghan J. Jackson
- Christopher Kent
- Jade Marie Laverdiere
- Andrew James Lister
- Dalton Michael Mellon
- Alexis Laure Morey
- Zachery Morgenstern
- Ryan David Sewell
- Devin James Shaffer
- Johnathan Pierce Timko
Staff
- 48 employees
- 48 in advisory functions
- 22 state-registered reps
- 1 soliciting firm
- Owns 75% or more of David Vaughan Investments, LLC
Hometown Community Bancorp, Inc.
Control person · since September 2017
- Owns 25% to 50% of Hometown Community Bancorp, Inc.
Hometown Community Bancorp, Inc. Employee Stock Ownership Plan & Trust
Control person · since December 1999
- Owns 75% or more of David Vaughan Investments, LLC
Hometown Community
Control person · since September 2017
- Owns 10% to 25% of David Vaughan Investments, LLC
Dvi Capital Corp.
Control person · since July 2017
David Vaughan Investments’ regulatory assets grew 1.7× from $3.22B (March 2021) to $5.33B (July 2026); clients rose from 1,109 to 1,240 and employees from 35 to 48.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $5.33B | 1,240 | 48 | 2 |
| April 2025 | $4.93B | 1,550 | 46 | 2 |
| March 2024 | $4.3B | 1,475 | 44 | 2 |
| March 2023 | $3.94B | 1,392 | 41 | 2 |
| March 2022 | $3.94B | 1,286 | 38 | 2 |
| March 2021 | $3.22B | 1,109 | 35 | 2 |
Besides its headquarters, David Vaughan Investments has 1 office, with 2 listed addresses in Florida and Illinois.
Florida · 1 listed address
- 399 Carolina Avenue, Winter Park
Illinois · 1 listed address
- 5823 N Forest Park Drive, PeoriaHQ
Contact and registration details
- Legal name
- David Vaughan Investments, LLC
- Headquarters
- 5823 N Forest Park Drive, Peoria, IL 61614-3559
- Website
- dviinc.com
- Phone
- 309-685-0033
- @david-vaughan-investments
- SEC file
- 801-12642
- Structure
- Delaware LLC
- Fiscal year end
- December
David Vaughan Investments uses Charles Schwab ($4.55B) as custodian for its separately managed accounts. David Vaughan Investments has custody of $3.39B in client assets for 981 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $4.55B100%
At year end, David Vaughan Investments’ separately managed accounts were mostly in stocks (81%) and bonds (10%).
What the accounts hold
- Stocks81%
- Funds5%
- Bonds10%
- Investment grade corporate bonds9%
- State and local bonds1%
- Cash4%
How many clients does David Vaughan Investments have?
David Vaughan Investments has 1,240 clients and manages $5.33 billion for them, as of July 2026. They include 721 high-net-worth individuals, 443 individual clients, and 40 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 July 2026
What services does David Vaughan Investments offer?
David Vaughan Investments provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does David Vaughan Investments charge?
David Vaughan Investments charges 0.50%–0.90% for its Wealth Management Advisory Services. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $9,000 annual minimum.
Which custodians does David Vaughan Investments use?
David Vaughan Investments’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $4.55B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 July 2026
How many financial advisors does David Vaughan Investments have?
David Vaughan Investments has 22 investment adviser representatives registered with state securities authorities, out of 48 employees, and 48 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 David Vaughan Investments invest in?
At the end of its last fiscal year, David Vaughan Investments’ separately managed accounts held 81% exchange-traded equities, 9% investment grade corporate bonds, 5% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns David Vaughan Investments?
David Vaughan Investments is owned through a holding company by Hometown Community Bancorp, Inc. Employee Stock Ownership Plan & Trust. Its direct owners are Dvi Capital Corp. (10% to 25%), Hometown Community Bancorp, Inc. (75% or more) and Hometown Community (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 July 2026
How does David Vaughan Investments get paid?
David Vaughan Investments is paid through a percentage of assets under management and fixed fees. 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
Is David Vaughan Investments registered with the SEC?
Yes, David Vaughan Investments has been registered with the SEC as an investment adviser since 17 March 1977. Its CRD number is 105990 and its SEC file number is 801-12642.
Source: Form ADV Part 1A, Item 1, filed 20 July 2026; IAPD firm record
How do I contact David Vaughan Investments?
David Vaughan Investments’ main office is at 5823 N Forest Park Drive, Peoria, IL 61614-3559. Its phone number is 309-685-0033. Its website is dviinc.com.