Dean, Jacobson Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, business succession planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Dean, Jacobson Financial Services reports 564 clients. They include 362 individual clients, 170 high-net-worth individuals and 15 charitable organizations. Of its assets, 100.0% ($519M across 917 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $519M. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 64% | 24% |
| High-net-worth individuals | 30% | 58% |
| Pension and profit-sharing plans | 1% | 1% |
| Charitable organizations | 3% | 9% |
| Corporations and other businesses | 2% | 7% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 362 | $126M | 24.3% | $349K |
| High-net-worth individuals | 170 | $302M | 58.1% | $1.78M |
| Pension and profit-sharing plans | 7 | $6.84M | 1.3% | $977K |
| Charitable organizations | 15 | $46.7M | 9.0% | $3.11M |
| Corporations and other businesses | 10 | $37.6M | 7.2% | $3.76M |
| Total | 564 | $519M | 100% | $921K |
- Clients
- 362
- Regulatory AUM
- $126M
- AUM share
- 24.3%
- Avg. per client
- $349K
- Clients
- 170
- Regulatory AUM
- $302M
- AUM share
- 58.1%
- Avg. per client
- $1.78M
- Clients
- 7
- Regulatory AUM
- $6.84M
- AUM share
- 1.3%
- Avg. per client
- $977K
- Clients
- 15
- Regulatory AUM
- $46.7M
- AUM share
- 9.0%
- Avg. per client
- $3.11M
- Clients
- 10
- Regulatory AUM
- $37.6M
- AUM share
- 7.2%
- Avg. per client
- $3.76M
Total
- Clients
- 564
- Regulatory AUM
- $519M
- AUM share
- 100%
- Avg. per client
- $921K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Dean, Jacobson Financial Services is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Level A financial planning
- Fixed fee of $1,500 to $20,000 for initial setup, with a 50% deposit; renewal fee up to $2,500 a year for retainer consulting.
- Level B financial planning
- Fixed fee of $500 to $5,000 for initial setup and written plan; renewal fee up to $1,500 a year.
- Modular planning and consulting
- Fixed fee or hourly rate of $75 to $350 for modular services not covered by a fixed-fee plan.
Jeffrey Schmeltekopf owns 25% to 50% of Dean, Jacobson Financial Services. The leadership team of Dean, Jacobson Financial Services includes President Timothy Lowry and Chief Compliance Officer Jeffrey Schmeltekopf. It has 8 employees, 7 of them in advisory roles.
Leadership
Timothy LowryManaging Member & Vice President
Jeffrey SchmeltekopfPresident & Chief Compliance Officer
Jonathan DumasManaging Member
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 7 in advisory functions
- 6 state-registered reps
- 6 broker-dealer reps
- 4 insurance agents
- Owns 25% to 50% of Dean, Jacobson Financial Services, LLC
Jeffrey Schmeltekopf
Control person · since March 1996
- Owns 25% to 50% of Dean, Jacobson Financial Services, LLC
Timothy Lowry
Control person · since January 2008
- Owns 10% to 25% of Dean, Jacobson Financial Services, LLC
Jonathan Dumas
Control person · since January 2021
Dean, Jacobson Financial Services’ regulatory assets grew 1.5× from $345M (March 2021) to $519M (March 2026); clients rose from 371 to 564 and employees from 7 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $519M | 564 | 8 | 1 |
| March 2025 | $467M | 544 | 6 | 1 |
| March 2024 | $410M | 518 | 6 | 1 |
| March 2023 | $348M | 394 | 7 | 1 |
| July 2022 | $359M | 432 | 7 | 1 |
| March 2021 | $345M | 371 | 7 | 1 |
Besides its headquarters, Dean, Jacobson Financial Services has 0 offices, with 1 listed address in Texas.
Texas · 1 listed address
- 3112 W. 4th St., Fort WorthHQ
Contact and registration details
- Legal name
- Dean, Jacobson Financial Services, LLC
- Headquarters
- 3112 W. 4th St., Fort Worth, TX 76107
- Website
- deanjacobson.com
- Phone
- 817-335-3214
- SEC file
- 801-77262
- Founded
- 1967
- Structure
- Texas LLC
- Fiscal year end
- December
Dean, Jacobson Financial Services uses LPL Financial ($519M) as custodian for its separately managed accounts. Dean, Jacobson Financial Services has custody of $454M in client assets for 437 clients.
- LPL FinancialLPL Financial LLC · Boston, MA · $519M100%
At year end, Dean, Jacobson Financial Services’ separately managed accounts were mostly in funds (55%) and stocks (39%). Its reported 13F holdings for the quarter ended 30 June 2026 total $182M across 22 positions; the largest are State Str SPDR S&P 500 ETF T (33.7%), SPDR Series Trust (17.3%) and iShares TR (17.0%).
What the accounts hold
- Stocks39%
- Funds55%
- Bonds4%
- State and local bonds3%
- Investment grade corporate bonds1%
- Cash2%
Reported 13F holdings
- $182M
- Reported 13F value
- 22
- Positions
- 98.4%
- In the 10 largest
- +11.6%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit33.7%
- SPDR Series Trust · ST Str Sp600sm C17.3%
- iShares TR · Core MSCI Eafe17.0%
- Select Sector SPDR TR · ST Str Real ETF12.8%
- Capital Group Dividend Value · Shs Creat Unit6.0%
- Capital Group Growth ETF · Shs Creat Unit6.0%
- J P Morgan Exchange Traded F · Ultra Shrt ETF2.5%
- SPDR Series Trust · ST Str Blo 1 ETF2.4%
- iShares TR · 0-3 Mth Treasury0.4%
- Apple Inc.0.3%
Together, the ten largest are 98.4% of reported value.
How many clients does Dean, Jacobson Financial Services have?
Dean, Jacobson Financial Services has 564 clients and manages $519 million for them, as of March 2026. They include 362 individual clients, 170 high-net-worth individuals and 15 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does Dean, Jacobson Financial Services offer?
Dean, Jacobson Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, business succession planning, 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
Which custodians does Dean, Jacobson Financial Services use?
Dean, Jacobson Financial Services’ separately managed account assets are held at LPL Financial LLC (Boston, MA), with $519M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does Dean, Jacobson Financial Services have?
Dean, Jacobson Financial Services has 6 investment adviser representatives registered with state securities authorities, out of 8 employees, and 7 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 4 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 Dean, Jacobson Financial Services invest in?
At the end of its last fiscal year, Dean, Jacobson Financial Services’ separately managed accounts held 55% registered funds (mutual funds, ETFs, BDCs), 39% exchange-traded equities, 3% state and local bonds, 2% cash and equivalents 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 Dean, Jacobson Financial Services?
Dean, Jacobson Financial Services’ direct owners are Jeffrey Schmeltekopf, Timothy Lowry and Jonathan Dumas, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does Dean, Jacobson Financial Services get paid?
Dean, Jacobson Financial Services is paid through a percentage of assets under management, hourly charges 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 Dean, Jacobson Financial Services registered with the SEC?
Yes, Dean, Jacobson Financial Services has been registered with the SEC as an investment adviser since 26 October 2012. Its CRD number is 115879 and its SEC file number is 801-77262.
Source: Form ADV Part 1A, Item 1, filed 23 March 2026; IAPD firm record
How do I contact Dean, Jacobson Financial Services?
Dean, Jacobson Financial Services’ main office is at 3112 W. 4th St., Fort Worth, TX 76107. Its phone number is 817-335-3214. Its website is deanjacobson.com.