DMKC Advisory Services provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 1–10 clients last fiscal year.
DMKC Advisory Services reports 500 clients. They include 254 high-net-worth individuals, 219 individual clients and 27 charitable organizations. Of its assets, 86.6% ($782M across 933 accounts) are managed with discretion; $121M across 13 accounts are not. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 44% | 10% |
| High-net-worth individuals | 51% | 47% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | 5% | 31% |
| Corporations and other businesses | Fewer than 5 | 10% |
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) | 219 | $94.2M | 10.4% | $430K |
| High-net-worth individuals | 254 | $429M | 47.5% | $1.69M |
| Pension and profit-sharing plans | Fewer than 5 | $8.46M | 0.9% | — |
| Charitable organizations | 27 | $277M | 30.7% | $10.3M |
| Corporations and other businesses | Fewer than 5 | $94.2M | 10.4% | — |
| Total | 500 | $903M | 100% | — |
- Clients
- 219
- Regulatory AUM
- $94.2M
- AUM share
- 10.4%
- Avg. per client
- $430K
- Clients
- 254
- Regulatory AUM
- $429M
- AUM share
- 47.5%
- Avg. per client
- $1.69M
- Clients
- Fewer than 5
- Regulatory AUM
- $8.46M
- AUM share
- 0.9%
- Avg. per client
- —
- Clients
- 27
- Regulatory AUM
- $277M
- AUM share
- 30.7%
- Avg. per client
- $10.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $94.2M
- AUM share
- 10.4%
- Avg. per client
- —
Total
- Clients
- 500
- Regulatory AUM
- $903M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
DMKC Advisory Services is paid through a percentage of assets under management and hourly charges. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is a fee usually from $250 to $5,000, payable when the plan is presented; hourly advisory or planning work is $195 an hour for principals.
D. M. Kelly & Company owns 75% or more of DMKC Advisory Services and is in turn owned by Daniel M. Kelly 2004 Trust (75% or more). The leadership team of DMKC Advisory Services includes President Daniel Kelly and Chief Compliance Officer Kathleen Halliwell. It has 13 employees, 8 of them in advisory roles.
Leadership
Daniel KellyPresident and Managing Member- Kathleen HalliwellChief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 13 employees
- 8 in advisory functions
- 9 state-registered reps
- 11 broker-dealer reps
- 3 insurance agents
- Owns 75% or more of DMKC Advisory Services, LLC
D. M. Kelly & Company
Control person · since August 2007
- Owns 75% or more of D. M. Kelly & Company
Daniel M. Kelly 2004 Trust
Control person · since October 2006
Patrick Kelly
Trustee · Control person · since December 2018
DMKC Advisory Services’ regulatory assets grew 2.1× from $436M (March 2021) to $903M (October 2026); clients rose from 402 to 500 and employees from 10 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Oct 2026October 2026 | $903M | 500 | 13 | 1 |
| Mar 2025March 2025 | $669M | 446 | 14 | 1 |
| Mar 2024March 2024 | $563M | 446 | 14 | 1 |
| Mar 2023March 2023 | $477M | 419 | 13 | 1 |
| May 2022May 2022 | $540M | 415 | 13 | 1 |
| Mar 2021March 2021 | $436M | 402 | 10 | 1 |
Besides its headquarters, DMKC Advisory Services has 0 offices, with 1 listed address in 1 state.
Iowa · 1 listed address
- 3900 Ingersoll Avenue, Suite 300, Des MoinesHQ
Contact and registration details
- Legal name
- DMKC Advisory Services, LLC
- Headquarters
- 3900 Ingersoll Avenue, Suite 300, Des Moines, IA 50312
- Website
- dmkc.com
- Phone
- 515-221-1133
- SEC file
- 801-68395
- Structure
- Iowa LLC
- Fiscal year end
- December
DMKC Advisory Services’ named custodian for separately managed accounts is First Clearing ($874M). DMKC Advisory Services has custody of $874M for 498 clients.
- First ClearingFirst Clearing, LLC · St. Louis, MO · $874M100%
At year end, DMKC Advisory Services’ separately managed accounts were mostly in funds (67%) and stocks (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $530M across 92 positions; the largest are Vanguard Scottsdale Fds (8.5%), Vanguard BD Index Fds (7.7%) and Vanguard Whitehall Fds (6.9%).
What the accounts hold
- Stocks18%
- Funds67%
- Bonds9%
- Investment grade corporate bonds4%
- U.S. government and agency bonds3%
- State and local bonds2%
- Cash6%
Reported 13F holdings
- $530M
- Reported 13F value
- 92
- Positions
- 54.3%
- In the 10 largest
- +120.6%
- Value vs. prior quarter
- Vanguard Scottsdale Fds · Shrt Trm Corp. BD8.5%
- Vanguard BD Index Fds · Vanguard Ultra7.7%
- Vanguard Whitehall Fds · High Div Yld6.9%
- Vanguard Specialized Funds · Div App ETF6.5%
- Capital Group Conservative E5.9%
- Capital Group Dividend Value · Shs Creat Unit5.7%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt4.8%
- Vanguard Index Fds · Total Stk Mkt3.2%
- Schwab Strategic TR · US Dividend EQ2.8%
- Vanguard World FD · Health Car ETF2.3%
Together, the ten largest are 54.3% of reported value.
How many clients does DMKC Advisory Services have?
DMKC Advisory Services has 500 clients and manages $903 million for them, as of October 2026. They include 254 high-net-worth individuals, 219 individual clients and 27 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026
What services does DMKC Advisory Services offer?
DMKC Advisory Services 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
Which custodians does DMKC Advisory Services use?
DMKC Advisory Services’ separately managed account assets are held at First Clearing, LLC (St. Louis, MO), with $874M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 October 2026
How many financial advisors does DMKC Advisory Services have?
DMKC Advisory Services has 9 investment adviser representatives registered with state securities authorities, out of 13 employees, and 8 perform investment advisory functions. 11 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 DMKC Advisory Services invest in?
At the end of its last fiscal year, DMKC Advisory Services’ separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 18% exchange-traded equities, 6% cash and equivalents, 4% investment grade corporate bonds, 3% U.S. government and agency bonds and 2% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns DMKC Advisory Services?
DMKC Advisory Services’ direct owner is D. M. Kelly & Company (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 October 2026
How does DMKC Advisory Services get paid?
DMKC Advisory Services 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 DMKC Advisory Services?
DMKC Advisory Services’ main office is at 3900 Ingersoll Avenue, Suite 300, Des Moines, IA 50312. Its phone number is 515-221-1133. Its website is dmkc.com.