DLK Investment Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 11–25 clients last fiscal year.
DLK Investment Management reports 467 clients. They include 402 individual clients, 31 high-net-worth individuals, and 27 corporations and other businesses. Of its assets, 87.5% ($459M across 1,165 accounts) are managed with discretion; $65.3M across 43 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 86% | 39% |
| High-net-worth individuals | 7% | 21% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | 1% | 4% |
| Corporations and other businesses | 6% | 9% |
| Other client typesOther | 0% | 27% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 402 | $207M | 39.5% | $514K |
| High-net-worth individuals | 31 | $109M | 20.7% | $3.5M |
| Pension and profit-sharing plans | Fewer than 5 | $970K | 0.2% | — |
| Charitable organizations | 7 | $19.9M | 3.8% | $2.85M |
| Corporations and other businesses | 27 | $47M | 9.0% | $1.74M |
| Other | Fewer than 5 | $141M | 26.9% | — |
| Total | 467 | $524M | 100% | — |
- Clients
- 402
- Regulatory AUM
- $207M
- AUM share
- 39.5%
- Avg. per client
- $514K
- Clients
- 31
- Regulatory AUM
- $109M
- AUM share
- 20.7%
- Avg. per client
- $3.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $970K
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- 7
- Regulatory AUM
- $19.9M
- AUM share
- 3.8%
- Avg. per client
- $2.85M
- Clients
- 27
- Regulatory AUM
- $47M
- AUM share
- 9.0%
- Avg. per client
- $1.74M
- Clients
- Fewer than 5
- Regulatory AUM
- $141M
- AUM share
- 26.9%
- Avg. per client
- —
Total
- Clients
- 467
- Regulatory AUM
- $524M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
DLK Investment Management charges 0.85%–1.50% a year for its Investment Management. The fee is billed in advance, is negotiable, has a $3,000 annual minimum and requires an account of at least $300,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Financial planning is billed hourly at $250 to $500 per hour, depending on the services and professionals; negotiable and may be waived.
Peter Johnson owns 25% to 50% of DLK Investment Management. The leadership team of DLK Investment Management includes President Donald Dempster. It has 5 employees.
Leadership
- Donald DempsterPresident & CCO
- Peter JohnsonMember
- Theodore KayCIO
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Thomas Scott Brenner
- Donald Ogden Dempster
- Mark Anthony Halby
- Brian Stewart Johnson
- Theodore Jonah Kay
Staff
- 5 employees
- 5 in advisory functions
- 5 state-registered reps
- 2 insurance agents
- Owns 25% to 50% of DLK Investment Management
Peter Johnson
Control person · since August 2016
- Owns 10% to 25% of DLK Investment Management
Donald Dempster
Control person · since January 2009
- Owns 10% to 25% of DLK Investment Management
Theodore Kay
Control person · since February 2009
DLK Investment Management’s regulatory assets grew 2.0× from $266M (March 2021) to $524M (March 2026); clients rose from 336 to 467 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $524M | 467 | 5 | 2 |
| March 2025 | $435M | 470 | 7 | 2 |
| June 2024 | $348M | 456 | 6 | 2 |
| March 2023 | $292M | 412 | 6 | 2 |
| July 2022 | $351M | 389 | 5 | 2 |
| March 2021 | $266M | 336 | 5 | 1 |
Besides its headquarters, DLK Investment Management has 1 office (1 private residence, listed without an address), with 1 listed address in California.
California · 1 listed address
- 238 North Cedros Ave, Suite 200, Solana BeachHQ
Contact and registration details
- Legal name
- DLK Investment Management
- Headquarters
- 238 North Cedros Ave, Suite 200, Solana Beach, CA 92075
- Website
- dlkinvest.com
- Phone
- 858-433-3200
- SEC file
- 801-69825
- Structure
- California LLC
- Fiscal year end
- December
DLK Investment Management uses Charles Schwab ($485M) as custodian for its separately managed accounts. DLK Investment Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $485M100%
At year end, DLK Investment Management’s separately managed accounts were mostly in stocks (75%) and bonds (21%). Its reported 13F holdings for the quarter ended 30 June 2026 total $235M across 96 positions; the largest are Microsoft Corp. (6.5%), Apple Inc. (6.4%) and Alphabet Inc. (5.1%).
What the accounts hold
- Stocks75%
- Funds2%
- Bonds21%
- High-yield corporate bonds14%
- Investment grade corporate bonds7%
- Cash2%
Reported 13F holdings
- $235M
- Reported 13F value
- 96
- Positions
- 41.0%
- In the 10 largest
- −7.0%
- Value vs. prior quarter
- Microsoft Corp.6.5%
- Apple Inc.6.4%
- Alphabet Inc. · Cap Stk CL C5.1%
- SPDR Series Trust · ST Shor Corp. ETF3.8%
- Visa Inc. · Com CL A3.6%
- Costco Wholesale Corporation3.5%
- JPMORGAN Chase & CO3.3%
- Waste Mgmt Inc. Del3.0%
- Intercontinental Exchange IN2.9%
- Walmart Inc.2.9%
Together, the ten largest are 41.0% of reported value.
How many clients does DLK Investment Management have?
DLK Investment Management has 467 clients and manages $524 million for them, as of March 2026. They include 402 individual clients, 31 high-net-worth individuals, and 27 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does DLK Investment Management offer?
DLK Investment Management 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
How much does DLK Investment Management charge?
DLK Investment Management charges 0.85%–1.50% a year for its Investment Management. The fee is billed in advance, is negotiable, has a $3,000 annual minimum and requires an account of at least $300,000.
Which custodians does DLK Investment Management use?
DLK Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $485M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does DLK Investment Management have?
DLK Investment Management has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 DLK Investment Management invest in?
At the end of its last fiscal year, DLK Investment Management’s separately managed accounts held 75% exchange-traded equities, 14% high-yield corporate bonds, 7% investment grade corporate bonds, 2% registered funds (mutual funds, ETFs, BDCs) and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does DLK Investment Management have a minimum investment?
Yes, DLK Investment Management’s minimum account size for its Investment Management is $300K. It charges a $3K annual minimum fee.
Who owns DLK Investment Management?
DLK Investment Management’s direct owners are Donald Dempster, Theodore Kay and Peter Johnson, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does DLK Investment Management get paid?
DLK Investment Management 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
How do I contact DLK Investment Management?
DLK Investment Management’s main office is at 238 North Cedros Ave, Suite 200, Solana Beach, CA 92075. Its phone number is 858-433-3200. Its website is dlkinvest.com.