{"url":"https://nivawealth.com/firms/dfc-preferred-advisors-309927","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/309927","regulatoryAum":228689025,"crd":"309927","history":[{"filedOn":"2021-03-29","regulatoryAum":285698474,"clients":1,"employees":3,"offices":1},{"filedOn":"2022-03-04","regulatoryAum":328021000,"clients":1,"employees":3,"offices":1},{"filedOn":"2023-03-21","regulatoryAum":216373351,"clients":1,"employees":3,"offices":1},{"filedOn":"2024-02-28","regulatoryAum":204894174,"clients":1,"employees":3,"offices":1},{"filedOn":"2025-03-19","regulatoryAum":245368656,"clients":1,"employees":3,"offices":1},{"filedOn":"2026-03-11","regulatoryAum":228689025,"clients":1,"employees":3,"offices":1}],"secFileNumber":"801-119781","legalName":"DFC Preferred Advisors LLC","displayName":"DFC Preferred Advisors","slug":"dfc-preferred-advisors-309927","website":null,"classification":{"segment":"registered_funds","segmentLabel":"Fund management","type":"fund_manager","typeLabel":"Mutual funds & ETFs","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"443 N. Willson Avenue","city":"Bozeman","state":"MT","stateName":"Montana","country":"United States","postalCode":"59715"},"tradeNames":[],"registration":{"secApproved":"9 November 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":3,"advisory":2,"brokerDealerReps":3,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":228689025,"discretionary":228689025,"discretionaryAccounts":1,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":1,"regulatoryAum":228689025}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"DFC Preferred Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Robert Watson","title":"President","crd":"2163449"},{"name":"Myles Blechner","title":"Chief Compliance Officer","crd":"2709013"}],"ownership":[{"label":"Destra Capital Advisors LLC","detail":"Member and manager in the 50% to 75% ownership band and a control person, since February 2021."},{"label":"Flaherty & Crumrine Incorporated","detail":"Member in the 50% to 75% ownership band and a control person, since February 2021."},{"label":"Destra Capital Managementllc","detail":"Indirect owner: a member of Destra Capital Advisors LLC in the 75% or more band and a control person, since August 2008.","parent":"Destra Capital Advisors LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Montana","offices":1,"addresses":[{"street":"443 N. Willson Avenue","city":"Bozeman","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"877-855-3434","stateRegisteredReps":0,"otherAdviserReps":3,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for investment companies"],"financialPlanningClients":null,"assetMix":[],"privateFunds":0},"sources":{"adv1FilingDate":"11 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/309927/PDF/309927.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does DFC Preferred Advisors have?","answer":"DFC Preferred Advisors has 1 client and manages $229 million for them, as of March 2026. They include 1 investment company.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does DFC Preferred Advisors offer?","answer":"DFC Preferred Advisors provides portfolio management for investment companies.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does DFC Preferred Advisors have?","answer":"DFC Preferred Advisors has 0 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 0 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns DFC Preferred Advisors?","answer":"DFC Preferred Advisors is owned through a holding company by Destra Capital Managementllc. Its direct owners are Destra Capital Advisors LLC (50% to 75%) and Flaherty & Crumrine Incorporated (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 11 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does DFC Preferred Advisors get paid?","answer":"DFC Preferred Advisors 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact DFC Preferred Advisors?","answer":"DFC Preferred Advisors’ main office is at 443 N. Willson Avenue, Bozeman, MT 59715. Its phone number is 877-855-3434.","source":"Form ADV Part 1A, Item 1.F, filed 11 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}