Donaldson Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, publishing newsletters, educational seminars, education planning, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Donaldson Capital Management reports 1,838 clients. They include 1,025 individual clients, 711 high-net-worth individuals and 47 charitable organizations. Of its assets, 99.6% ($3.45B across 1,838 accounts) are managed with discretion; $14.7M across 10 accounts are not. A wrap fee program the firm both sponsors and manages holds $3.46B. It advised 7 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 56% | 12% |
| High-net-worth individuals | 39% | 72% |
| Banking or thrift institutions | <1% | 2% |
| Pension and profit-sharing plans | 2% | 4% |
| Charitable organizations | 3% | 8% |
| Other client typesState or municipal government entities; Insurance companies; Corporations and other businesses | 1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,025 | $415M | 12.0% | $405K |
| High-net-worth individuals | 711 | $2.51B | 72.4% | $3.53M |
| Banking or thrift institutions | Fewer than 5 | $78.3M | 2.3% | $19.6M |
| Pension and profit-sharing plans | 30 | $124M | 3.6% | $4.13M |
| Charitable organizations | 47 | $272M | 7.8% | $5.78M |
| State or municipal government entities | Fewer than 5 | $615K | 0.0% | $615K |
| Insurance companies | Fewer than 5 | $24.1M | 0.7% | $12.1M |
| Corporations and other businesses | 18 | $42.2M | 1.2% | $2.34M |
| Total | 1,838 | $3.46B | 100% | — |
- Clients
- 1,025
- Regulatory AUM
- $415M
- AUM share
- 12.0%
- Avg. per client
- $405K
- Clients
- 711
- Regulatory AUM
- $2.51B
- AUM share
- 72.4%
- Avg. per client
- $3.53M
- Clients
- Fewer than 5
- Regulatory AUM
- $78.3M
- AUM share
- 2.3%
- Avg. per client
- $19.6M
- Clients
- 30
- Regulatory AUM
- $124M
- AUM share
- 3.6%
- Avg. per client
- $4.13M
- Clients
- 47
- Regulatory AUM
- $272M
- AUM share
- 7.8%
- Avg. per client
- $5.78M
- Clients
- Fewer than 5
- Regulatory AUM
- $615K
- AUM share
- 0.0%
- Avg. per client
- $615K
- Clients
- Fewer than 5
- Regulatory AUM
- $24.1M
- AUM share
- 0.7%
- Avg. per client
- $12.1M
- Clients
- 18
- Regulatory AUM
- $42.2M
- AUM share
- 1.2%
- Avg. per client
- $2.34M
Total
- Clients
- 1,838
- Regulatory AUM
- $3.46B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 7
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Donaldson Capital Management charges 0.50%–1.50% a year for its One Fee - Investment Management Program. The fee is billed in advance, is negotiable and has a $4,500 annual minimum.
Fee details and sources
Michael Hull owns 25% to 50% of Donaldson Capital Management. The leadership team of Donaldson Capital Management includes President Sarah Moore and Chief Investment Officer Matthew Markle. It has 68 employees, 36 of them in advisory roles.
Leadership
- Sarah MoorePresident
- Brandon RoopVice President & Senior Investment Advisor
- Randall AlsmanSenior Investment Advisor
- Blake AlsmanSenior Investment Advisor
- Collin BrinkerSenior Financial Planner
- Jennifer DeckerDirector of HR
- Beth DietschLead Investment Advisor
- Katherine DoerksenDirector
- Joyce DonaldsonOwner
- Jason HallSenior Investment Advisor
- Ciavon HartmanCOO
- Michael HullExecutive Chairman
- John KeachSenior Investment Advisor
- Jessica KlostermannDirector of Client Services
- Chad LangeDirector of Wealth Solutions
- Jody LittrellSenior Investment Advisor
- Matthew MarkleChief Investment Officer & Senior Investment Advisor
- Preston MayAssistant Portfolio Manager & Analyst
- Steven NicholsDirector
- Ronald PatbergSenior Investment Advisor
- Richard RoopSenior Investment Advisor
- Drew RunionDirector
- Kira VaalLead Investment Adviser
- Sharon WalkerDirector
- Sara WilliamsDirector of Communications
- Nathanial WinklepleckPortfolio Manager & Analyst
- Marvin WrightSenior Investment Advisor
- Matthew WrightCFO/CCO
- Joseph ZabratanskiChief Investment Officer & Senior Investment Advisor
- Gregory DonaldsonFounder
Investment adviser representatives
46 representatives listed in the SEC register as of 9 October 2026.
- Blake T Alsman
- Matthew R Bernhardt
- Priscilla Colleen Birt
- Marcus Jack Bloom
- Collin Avery Brinker
- Mollie Irene Caldwell
- Zachary Stephan Chavira
- Kevin Douglas Coombs
- Christopher Thomas Corcoran
- James Martin Coursey Jr.
- Christopher Colby Decker
- Beth Ann Dietsch
- Kyle Alan Dodd
- Gregory C Donaldson
- Bryce David Duncan
- Matthew Allen Duncan
- Isaiah Quinn Dunham
- Matthew Thomas Effinger
- Jason M Hall
- Braden Herendeen
- John Kessler Keach III
- Jody Allen Littrell
- Leeanne Michelle Lollar
- Gray Robert Long
- Matthew Kyle Markle
- Donald Louis Michael
- Sarah S Moore
- Stephen Hardin Obenchain
- Suping Pan
- Ronald Jay Patberg
- Robert Neal Quick
- Andrew Wilson Richmond
- Derek Alton Riddle
- James Thompson Roberts
- Brandon Richard Roop
- Alexander W Spainhoward
- Jace Alan roser Stieler
- Bryce Richard Turner
- Kira Nichole Vaal
- Alan William Van Cleef
- Kyler Ray Wagner
- Warren Albert Ward
- Jordan Michael Whitledge
- Nathanial T Winklepleck
- Matthew Stephen Wright
- Joseph Paul Zabratanski
Staff
- 68 employees
- 36 in advisory functions
- 44 state-registered reps
- 1 soliciting firm
- Owns 25% to 50% of Donaldson Capital Management LLC
Michael Hull
Control person · since January 2000
- Owns 10% to 25% of Donaldson Capital Management LLC
The Donaldson Family, LLC
since October 2016
- Owns 5% to 10% of Donaldson Capital Management LLC
Gregory Donaldson
Control person · since November 1994
- Owns 5% to 10% of Donaldson Capital Management LLC
Joseph Zabratanski
Control person · since November 2011
Donaldson Capital Management’s regulatory assets grew 1.6× from $2.14B (March 2021) to $3.46B (August 2026); clients rose from 1,712 to 1,838 and employees from 38 to 68. In 2026, Imc Advisors ($510M in its last filing) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $3.46B | 1,838 | 68 | 4 |
| April 2025 | $3.1B | 1,742 | 65 | 4 |
| March 2024 | $2.68B | 1,716 | 61 | 4 |
| June 2023 | $2.31B | 1,469 | 58 | 5 |
| May 2022 | $2.62B | 1,409 | 48 | 5 |
| March 2021 | $2.14B | 1,712 | 38 | 6 |
Firms that joined
20261 joined
- Imc AdvisorsLast filed AUM $510M
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Donaldson Capital Management has 3 offices (1 private residence, listed without an address), with 3 listed addresses in Georgia and Indiana.
Indiana · 2 listed addresses
- 20 Northwest First Street, Fifth Floor, EvansvilleHQ
- 700 Washington Street, Columbus
Georgia · 1 listed address
- 3460 Preston Ridge Road, Alpharetta
Contact and registration details
- Legal name
- Donaldson Capital Management LLC
- Headquarters
- 20 Northwest First Street, Fifth Floor, Evansville, IN 47708
- Website
- dcmol.com
- Phone
- 812-421-3211
- @donaldson-capital-management
- SEC file
- 801-48479
- Structure
- Indiana LLC
- Fiscal year end
- December
Donaldson Capital Management uses Charles Schwab ($2.87B) as custodian for its separately managed accounts. Donaldson Capital Management has custody of $2.05B in client assets for 1,125 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $2.87B100%
At year end, Donaldson Capital Management’s separately managed accounts were mostly in stocks (73%) and funds (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $3.5B across 311 positions; the largest are iShares TR (5.6%), Karman Hldgs Inc. (5.0%) and Apple Inc. (4.9%).
What the accounts hold
- Stocks73%
- Funds15%
- Registered funds12%
- Pooled vehicles3%
- Bonds8%
- State and local bonds4%
- Investment grade corporate bonds3%
- U.S. government and agency bonds1%
- Cash4%
Reported 13F holdings
- $3.5B
- Reported 13F value
- 311
- Positions
- 38.0%
- In the 10 largest
- —
- Value vs. prior quarter
- iShares TR · iShares Semicdtr5.6%
- Karman Hldgs Inc.5.0%
- Apple Inc.4.9%
- Broadcom Inc.4.7%
- Abbvie Inc.3.5%
- Microsoft Corp.3.1%
- Eli Lilly & CO3.0%
- Merck & CO Inc.2.9%
- JPMORGAN Chase & CO2.8%
- iShares TR · Ultra Short Dur2.5%
Together, the ten largest are 38.0% of reported value.
How many clients does Donaldson Capital Management have?
Donaldson Capital Management has 1,838 clients and manages $3.46 billion for them, as of August 2026. They include 1,025 individual clients, 711 high-net-worth individuals and 47 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 August 2026
What services does Donaldson Capital Management offer?
Donaldson Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, publishing newsletters, educational seminars, education planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Donaldson Capital Management charge?
Donaldson Capital Management charges 0.50%–1.50% a year for its One Fee - Investment Management Program. The fee is billed in advance, is negotiable and has a $4,500 annual minimum.
Source: DONALDSON CAPITAL MANAGEMENT FIRM BROCHURE, filed 23 March 2026
Which custodians does Donaldson Capital Management use?
Donaldson Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $2.87B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 August 2026
How many financial advisors does Donaldson Capital Management have?
Donaldson Capital Management has 44 investment adviser representatives registered with state securities authorities, out of 68 employees, and 36 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 Donaldson Capital Management invest in?
At the end of its last fiscal year, Donaldson Capital Management’s separately managed accounts held 73% exchange-traded equities, 12% registered funds (mutual funds, ETFs, BDCs), 4% state and local bonds, 4% cash and equivalents, 3% investment grade corporate bonds, 3% pooled vehicles (private funds and similar) 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 Donaldson Capital Management?
Donaldson Capital Management’s direct owners are Gregory Donaldson, Michael Hull, Joseph Zabratanski and the Donaldson Family, LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 10 August 2026
How does Donaldson Capital Management get paid?
Donaldson Capital Management is paid through a percentage of assets under management 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
Is Donaldson Capital Management registered with the SEC?
Yes, Donaldson Capital Management has been registered with the SEC as an investment adviser since 10 February 1995. Its CRD number is 106131 and its SEC file number is 801-48479.
Source: Form ADV Part 1A, Item 1, filed 10 August 2026; IAPD firm record
How do I contact Donaldson Capital Management?
Donaldson Capital Management’s main office is at 20 Northwest First Street, Fifth Floor, Evansville, IN 47708. Its phone number is 812-421-3211. Its website is dcmol.com.