DBS Investment Advisers provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
DBS Investment Advisers reports 591 clients. They include 488 individual clients, 68 pension and profit-sharing plans, and 35 high-net-worth individuals. Of its assets, 100.0% ($280M across 973 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 83% | 18% |
| High-net-worth individuals | 6% | 38% |
| Pension and profit-sharing plans | 12% | 44% |
| Corporations and other businesses | Fewer than 5 | <1% |
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) | 488 | $50.2M | 17.9% | $103K |
| High-net-worth individuals | 35 | $107M | 38.1% | $3.05M |
| Pension and profit-sharing plans | 68 | $123M | 44.0% | $1.81M |
| Corporations and other businesses | Fewer than 5 | $136K | 0.0% | — |
| Total | 591 | $280M | 100% | — |
- Clients
- 488
- Regulatory AUM
- $50.2M
- AUM share
- 17.9%
- Avg. per client
- $103K
- Clients
- 35
- Regulatory AUM
- $107M
- AUM share
- 38.1%
- Avg. per client
- $3.05M
- Clients
- 68
- Regulatory AUM
- $123M
- AUM share
- 44.0%
- Avg. per client
- $1.81M
- Clients
- Fewer than 5
- Regulatory AUM
- $136K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 591
- Regulatory AUM
- $280M
- 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
- 0
DBS Investment Advisers charges 0.50%–1.25% a year for its Portfolio Management Service 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
- Financial planning is charged a fixed fee, generally $395 to $5,000 depending on scope, negotiable with complexity.
- Hourly consulting
- Single-subject financial planning and general consulting is billed at $200 an hour.
- Pension consulting for retirement plans
- Retirement plan consulting is billed quarterly as an annualized 0.50% to 1.25% of plan assets under management, stepping down by asset level.
Theodore Schumann owns 75% or more of DBS Investment Advisers. The leadership team of DBS Investment Advisers includes Chief Compliance Officer Theodore Schumann. It has 8 employees, 5 of them in advisory roles.
Staff
- 8 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 75% or more of DBS Investment Advisers, LLC
Theodore Schumann
Control person · since December 2016
DBS Investment Advisers’ regulatory assets grew 1.6× from $172M (June 2021) to $280M (February 2026); clients rose from 317 to 591 and employees were 8 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $280M | 591 | 8 | 4 |
| Jun 2025June 2025 | $245M | 592 | 7 | 3 |
| Jul 2024July 2024 | $229M | 612 | 6 | 2 |
| Mar 2023March 2023 | $165M | 384 | 7 | 2 |
| Mar 2022March 2022 | $177M | 385 | 8 | 2 |
| Jun 2021June 2021 | $172M | 317 | 8 | 2 |
Besides its headquarters, DBS Investment Advisers has 3 offices (2 private residences, listed without an address), with 2 listed addresses in 1 state.
Michigan · 2 listed addresses
- 1484 Straits Drive, Suite 6, Bay CityHQ
- 39 S. Main Street, Clarkston
Other business names
DBS Investment Advisers has reported 1 other business name to the SEC.
- Act Two Financial Advisors
Contact and registration details
- Legal name
- DBS Investment Advisers, LLC
- Headquarters
- 1484 Straits Drive, Suite 6, Bay City, MI 48706
- Website
- thedbscompanies.com
- Phone
- 989-686-6222
- SEC file
- 801-116815
- Structure
- Michigan LLC
- Fiscal year end
- December
DBS Investment Advisers’ named custodians for separately managed accounts are Fidelity ($168M, 63%), Ascensus Trust ($74.7M, 28%) and Charles Schwab ($24.6M, 9%). DBS Investment Advisers does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $168M63%
- Ascensus TrustAscensus Trust · Fargo, ND · $74.7M28%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $24.6M9%
At year end, DBS Investment Advisers’ separately managed accounts were mostly in funds (92%).
What the accounts hold
- Stocks1%
- Funds92%
- Registered funds91%
- Pooled vehicles1%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash4%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does DBS Investment Advisers have?
DBS Investment Advisers has 591 clients and manages $280 million for them, as of February 2026. They include 488 individual clients, 68 pension and profit-sharing plans, and 35 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 February 2026
What services does DBS Investment Advisers offer?
DBS Investment Advisers provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does DBS Investment Advisers charge?
DBS Investment Advisers charges 0.50%–1.25% a year for its Portfolio Management Service Fees. The fee is billed in advance and is negotiable.
Source: DBS INVESTMENT ADVISERS, LLC ADV BROCHURE, filed 2 February 2026
Which custodians does DBS Investment Advisers use?
DBS Investment Advisers’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $168M, Ascensus Trust (Fargo, ND), with $74.7M and Charles Schwab & Co., Inc. (Westlake, TX), with $24.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 February 2026
How many financial advisors does DBS Investment Advisers have?
DBS Investment Advisers has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 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 DBS Investment Advisers invest in?
At the end of its last fiscal year, DBS Investment Advisers’ separately managed accounts held 91% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents, 1% exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns DBS Investment Advisers?
DBS Investment Advisers’ direct owner is Theodore Schumann (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 2 February 2026
How does DBS Investment Advisers get paid?
DBS Investment Advisers is paid through a percentage of assets under management, hourly charges 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 DBS Investment Advisers?
DBS Investment Advisers’ main office is at 1484 Straits Drive, Suite 6, Bay City, MI 48706. Its phone number is 989-686-6222. Its website is thedbscompanies.com.