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They include 197 individual clients, 60 high-net-worth individuals, and 12 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Denali Advisors offer?","answer":"Denali Advisors provides portfolio management for individuals and small businesses and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Denali Advisors use?","answer":"Denali Advisors’ separately managed account assets are held at BNY Mellon Capital Markets, LLC (New York, NY), with $412M, State Street Global Markets, LLC (Boston, MA), with $198M, Northern Trust Securities, Inc. (Chicago, IL), with $165M, HSBC Securities (USA) Inc. (New York, NY), with $165M and Charles Schwab & Co., Inc. (Chicago, IL), with $153M. 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 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Denali Advisors have?","answer":"Denali Advisors has 0 investment adviser representatives registered with state securities authorities, out of 14 employees, and 9 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Denali Advisors invest in?","answer":"At the end of its last fiscal year, Denali Advisors’ separately managed accounts held 97% exchange-traded equities and 3% cash and equivalents. It advises 1 private fund.","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 Denali Advisors?","answer":"Denali Advisors is owned through a chain of holding companies by the Lindsey Family Trust and Melvin Lindsey. Its direct owners are Robert Snigaroff (50% to 75%), Michael Munson (5% to 10%), Nile Capital Fund B, LP (10% to 25%) and McKinley Management, LLC (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Denali Advisors get paid?","answer":"Denali Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions 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 Denali Advisors?","answer":"Denali Advisors’ main office is at 5075 Shoreham Place, Suite 120, San Diego, CA 92122. Its phone number is 858-558-3600. 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