{"url":"https://nivawealth.com/firms/dl-carlson-investment-group-105729","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/105729","regulatoryAum":735526470,"crd":"105729","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7304546","suffix":null,"lastName":"Bednarczyk","firstName":"Daniel","middleName":"F"},{"crd":"72053","suffix":null,"lastName":"DRINON","firstName":"JOSEPH","middleName":"MICHAEL"},{"crd":"4446152","suffix":null,"lastName":"FELLERS","firstName":"KYLE","middleName":"IAN"},{"crd":"4304809","suffix":null,"lastName":"GRAHAM","firstName":"KATE","middleName":"T"},{"crd":"2216146","suffix":"JR","lastName":"HABERMANN","firstName":"RICHARD","middleName":"CARL"},{"crd":"8196481","suffix":null,"lastName":"Kemper","firstName":"Maxwell","middleName":"Cyr"},{"crd":"4067197","suffix":null,"lastName":"MULLINS","firstName":"JAMES","middleName":"ROGER"},{"crd":"7402533","suffix":"JR.","lastName":"RATTEE","firstName":"ALAN","middleName":"JOSEPH"}],"total":8,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-29","regulatoryAum":738348177,"clients":299,"employees":12,"offices":1},{"filedOn":"2022-06-28","regulatoryAum":825042553,"clients":301,"employees":13,"offices":1},{"filedOn":"2023-03-28","regulatoryAum":656590464,"clients":318,"employees":13,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":634897677,"clients":352,"employees":14,"offices":1},{"filedOn":"2025-06-11","regulatoryAum":694630096,"clients":369,"employees":12,"offices":1},{"filedOn":"2026-08-25","regulatoryAum":735526470,"clients":360,"employees":14,"offices":1}],"secFileNumber":"801-34606","legalName":"DL Carlson Investment Group Inc.","displayName":"DL Carlson Investment Group","slug":"dl-carlson-investment-group-105729","website":"https://carlsoninvest.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New Hampshire corporation","fiscalYearEnd":"December","headquarters":{"street":"Two Capital Plaza, Suite 404","city":"Concord","state":"NH","stateName":"New Hampshire","country":"United States","postalCode":"03301"},"tradeNames":["Carlson Investments"],"registration":{"secApproved":"12 June 1989","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1539105.0142857144,"staff":{"employees":14,"advisory":8,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":735526470,"discretionary":735526470,"discretionaryAccounts":893,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":243,"regulatoryAum":121424891},{"label":"High-net-worth individuals","clients":107,"regulatoryAum":417261864},{"label":"Pension and profit-sharing plans","clients":4,"fewerThan5":true,"regulatoryAum":189809623},{"label":"Charitable organizations","clients":4,"fewerThan5":true,"regulatoryAum":6625191},{"label":"Corporations and other businesses","clients":2,"fewerThan5":true,"regulatoryAum":404901}],"feePrograms":[{"role":"other","program":"Financial planning","summary":"Financial planning is a flat $3,500 fee, included in the asset fee for households with over $2 million billable AUM; updates start at $250 an hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056010","versionId":1056010,"submittedOn":"2026-08-25","documentName":"03-13-2026"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T05:53:51.341123+00:00","documents":[{"name":"03-13-2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056010","versionId":1056010,"submittedOn":"2026-08-25"}]},"custodians":[{"name":"Commerce Bank","shortName":"Commerce Bank","location":"Kansas City, MO","smaAssets":177205092},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":507471768}],"custodyNote":"DL Carlson Investment Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"James Mullins","title":"President/CCO","crd":"4067197"},{"name":"Rosamond Carlson","title":"Shareholder","crd":"4342344"},{"name":"David Carlson","title":"Chairman","crd":"1956933"}],"ownership":[{"label":"Rosamond Carlson","detail":"Shareholder in the 10% to 25% ownership band and a control person, since March 2006."},{"label":"David Carlson","detail":"Chairman in the 25% to 50% ownership band and a control person, since April 1989."},{"label":"James Mullins","detail":"President/cco in the 50% to 75% ownership band and a control person, since September 2004."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New Hampshire","offices":1,"addresses":[{"street":"Two Capital Plaza, Suite 404","city":"Concord","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"603-224-5977","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":76},{"label":"U.S. government/agency bonds","percent":4},{"label":"U.S. state and local bonds","percent":4},{"label":"Investment grade corporate bonds","percent":7},{"label":"Securities issued by registered investment companies or business development companies","percent":4},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":3,"detail":"Bond Mutual Funds and Bond Etfs"}],"privateFunds":0},"sources":{"adv1FilingDate":"25 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/105729/PDF/105729.pdf","brochureDate":"25 August 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056010","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does DL Carlson Investment Group have?","answer":"DL Carlson Investment Group has 360 clients and manages $736 million for them, as of August 2026. They include 243 individual clients, 107 high-net-worth individuals, and 4 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 25 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does DL Carlson Investment Group offer?","answer":"DL Carlson Investment Group provides financial planning, 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 DL Carlson Investment Group use?","answer":"DL Carlson Investment Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $507M and Commerce Bank (Kansas City, MO), with $177M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does DL Carlson Investment Group have?","answer":"DL Carlson Investment Group has 6 investment adviser representatives registered with state securities authorities, out of 14 employees, and 8 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 DL Carlson Investment Group invest in?","answer":"At the end of its last fiscal year, DL Carlson Investment Group’s separately managed accounts held 76% exchange-traded equities, 7% investment grade corporate bonds, 4% U.S. government and agency bonds, 4% state and local bonds, 4% registered funds (mutual funds, ETFs, BDCs), 3% other and 2% cash and equivalents. The 3% other category is described as: Bond Mutual Funds and Bond Etfs.","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 DL Carlson Investment Group?","answer":"DL Carlson Investment Group’s direct owners are Rosamond Carlson (10% to 25%), David Carlson (25% to 50%) and James Mullins (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 25 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does DL Carlson Investment Group get paid?","answer":"DL Carlson Investment Group 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 DL Carlson Investment Group?","answer":"DL Carlson Investment Group’s main office is at Two Capital Plaza, Suite 404, Concord, NH 03301. Its phone number is 603-224-5977. Its website is carlsoninvest.com.","source":"Form ADV Part 1A, Item 1.F, filed 25 August 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."}