DMC Group provides portfolio management for individuals and small businesses and portfolio management for institutions.
DMC Group reports 108 clients. They include 72 individual clients, 32 high-net-worth individuals and 3 charitable organizations. Of its assets, 100.0% ($177M across 212 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 9% |
| High-net-worth individuals | 30% | 70% |
| Charitable organizations | 3% | 15% |
| Corporations and other businesses | <1% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 72 | $16M | 9.1% | $222K |
| High-net-worth individuals | 32 | $123M | 69.8% | $3.85M |
| Charitable organizations | Fewer than 5 | $26M | 14.7% | $8.67M |
| Corporations and other businesses | Fewer than 5 | $11.4M | 6.4% | $11.4M |
| Total | 108 | $177M | 100% | — |
- Clients
- 72
- Regulatory AUM
- $16M
- AUM share
- 9.1%
- Avg. per client
- $222K
- Clients
- 32
- Regulatory AUM
- $123M
- AUM share
- 69.8%
- Avg. per client
- $3.85M
- Clients
- Fewer than 5
- Regulatory AUM
- $26M
- AUM share
- 14.7%
- Avg. per client
- $8.67M
- Clients
- Fewer than 5
- Regulatory AUM
- $11.4M
- AUM share
- 6.4%
- Avg. per client
- $11.4M
Total
- Clients
- 108
- Regulatory AUM
- $177M
- 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
DMC Group charges 0.75%–0.95% for its Wealth Management Fees. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.
Fee details and sources
Donie Carlson owns 75% or more of DMC Group. The leadership team of DMC Group includes Chief Compliance Officer Donie Carlson. It has 3 employees.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of DMC Group, LLC
Donie Carlson
Control person · since November 2014
DMC Group’s regulatory assets grew from $122M (March 2021) to $177M (March 2026); clients fell from 165 to 108 and employees from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $177M | 108 | 3 | 1 |
| Mar 2025March 2025 | $186M | 95 | 3 | 1 |
| Mar 2024March 2024 | $165M | 95 | 3 | 1 |
| Mar 2023March 2023 | $141M | 87 | 3 | 1 |
| Mar 2022March 2022 | $200M | 106 | 4 | 1 |
| Mar 2021March 2021 | $122M | 165 | 4 | 1 |
Besides its headquarters, DMC Group has 0 offices, with 1 listed address in 1 state.
Alabama · 1 listed address
- 2301 Morris Avenue, Suite 105, BirminghamHQ
Contact and registration details
- Legal name
- DMC Group, LLC
- Headquarters
- 2301 Morris Avenue, Suite 105, Birmingham, AL 35203
- Website
- greyboxinvestments.com
- Phone
- 205-703-0900
- SEC file
- 801-118659
- Structure
- Alabama LLC
- Fiscal year end
- December
DMC Group’s named custodians for separately managed accounts are Charles Schwab ($161M, 86%) and Synovus Securities ($25.5M, 14%). DMC Group does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $161M86%
- Synovus SecuritiesSynovus Securities, Inc. · Columbus, GA · $25.5M14%
At year end, DMC Group’s separately managed accounts were mostly in stocks (74%) and funds (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $146M across 128 positions; the largest are Apple Inc. (10.1%), iShares Core U.S. Aggregate Bond ETF (4.0%) and State Street SPDR Bloomberg ST Intl Tsy BD ETF (3.7%).
What the accounts hold
- Stocks74%
- Funds23%
- Bonds1%
- Cash2%
How many clients does DMC Group have?
DMC Group has 108 clients and manages $177 million for them, as of March 2026. They include 72 individual clients, 32 high-net-worth individuals and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does DMC Group offer?
DMC Group 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 DMC Group charge?
DMC Group charges 0.75%–0.95% for its Wealth Management Fees. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.
Which custodians does DMC Group use?
DMC Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $161M and Synovus Securities, Inc. (Columbus, GA), with $25.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does DMC Group have?
DMC Group has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 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
What does DMC Group invest in?
At the end of its last fiscal year, DMC Group’s separately managed accounts held 74% exchange-traded equities, 23% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns DMC Group?
DMC Group’s direct owner is Donie Carlson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does DMC Group get paid?
DMC Group is paid through a percentage of assets under management and hourly charges. 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 DMC Group?
DMC Group’s main office is at 2301 Morris Avenue, Suite 105, Birmingham, AL 35203. Its phone number is 205-703-0900. Its website is greyboxinvestments.com.
