Des Moines Investments provides portfolio management for individuals and small businesses and portfolio management for institutions.
Des Moines Investments reports 700 clients. They include 625 individual clients and 75 high-net-worth individuals. Of its assets, 100.0% ($246M across 1,497 accounts) are managed with discretion. It advised 700 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 89% | 59% |
| High-net-worth individuals | 11% | 41% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 625 | $146M | 59.3% | $234K |
| High-net-worth individuals | 75 | $100M | 40.7% | $1.33M |
| Total | 700 | $246M | 100% | $351K |
- Clients
- 625
- Regulatory AUM
- $146M
- AUM share
- 59.3%
- Avg. per client
- $234K
- Clients
- 75
- Regulatory AUM
- $100M
- AUM share
- 40.7%
- Avg. per client
- $1.33M
Total
- Clients
- 700
- Regulatory AUM
- $246M
- AUM share
- 100%
- Avg. per client
- $351K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 700
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Des Moines Investments charges 0.80%–1.00% a year for its Investment Advisory Services. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Tax Preparation Services
- Tax preparation, when provided by a supervised person, is offered under separate engagement terms and fees; no rate is stated in the brochure.
David Harkin owns 75% or more of Des Moines Investments. It has 4 employees, 3 of them in advisory roles.
Leadership
David HarkinOwner
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 3 insurance agents
- 3 soliciting firms
- Owns 75% or more of Des Moines Investments, LLC
David Harkin
Control person · since October 2006
Des Moines Investments’ regulatory assets grew 1.8× from $140M (May 2022) to $246M (June 2026); clients rose from 400 to 700 and employees from 2 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $246M | 700 | 4 | 1 |
| March 2025 | $190M | 550 | 4 | 1 |
| May 2024 | $170M | 500 | 4 | 1 |
| March 2023 | $140M | 400 | 1 | 1 |
| May 2022 | $140M | 400 | 2 | 1 |
Besides its headquarters, Des Moines Investments has 0 offices, with 1 listed address in Iowa.
Iowa · 1 listed address
- 2 East Army Post RD, Suite 2, Des MoinesHQ
Contact and registration details
- Legal name
- Des Moines Investments, LLC
- Headquarters
- 2 East Army Post RD, Suite 2, Des Moines, IA 50315-5821
- Website
- investdsmi.com
- Phone
- 515-777-1149
- SEC file
- 801-122812
- Structure
- Iowa LLC
- Fiscal year end
- December
Des Moines Investments does not have custody of client assets.
At year end, Des Moines Investments’ separately managed accounts were mostly in stocks (93%).
What the accounts hold
- Stocks93%
- Bonds2%
- Cash5%
How many clients does Des Moines Investments have?
Des Moines Investments has 700 clients and manages $246 million for them, as of June 2026. They include 625 individual clients and 75 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 June 2026
What services does Des Moines Investments offer?
Des Moines Investments 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
How much does Des Moines Investments charge?
Des Moines Investments charges 0.80%–1.00% a year for its Investment Advisory Services. The fee is billed in arrears and is negotiable.
How many financial advisors does Des Moines Investments have?
Des Moines Investments has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. 0 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
What does Des Moines Investments invest in?
At the end of its last fiscal year, Des Moines Investments’ separately managed accounts held 93% exchange-traded equities, 5% cash and equivalents and 2% 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 Des Moines Investments?
Des Moines Investments’ direct owner is David Harkin (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 June 2026
How does Des Moines Investments get paid?
Des Moines Investments is paid through a percentage of assets under management. 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 Des Moines Investments registered with the SEC?
Yes, Des Moines Investments has been registered with the SEC as an investment adviser since 3 March 2022. Its CRD number is 146322 and its SEC file number is 801-122812.
Source: Form ADV Part 1A, Item 1, filed 17 June 2026; IAPD firm record
How do I contact Des Moines Investments?
Des Moines Investments’ main office is at 2 East Army Post RD, Suite 2, Des Moines, IA 50315-5821. Its phone number is 515-777-1149. Its website is investdsmi.com.