{"url":"https://nivawealth.com/firms/dorian-investment-advisory-339280","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/339280","regulatoryAum":102628570,"crd":"339280","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2814857","suffix":null,"lastName":"DORIAN","firstName":"PAUL","middleName":"THOMAS"}],"total":1,"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"},"secFileNumber":"801-136037","legalName":"Dorian Investment Advisory LLC","displayName":"Dorian Investment Advisory","slug":"dorian-investment-advisory-339280","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Tennessee limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1661 International DR Ste 400","city":"Memphis","state":"TN","stateName":"Tennessee","country":"United States","postalCode":"38120"},"tradeNames":[],"registration":{"secApproved":"5 May 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":828845.186440678,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":102628570,"discretionary":102628570,"discretionaryAccounts":212,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":97,"regulatoryAum":20633097},{"label":"High-net-worth individuals","clients":21,"regulatoryAum":77170635},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":4764825},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":60013}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T18:11:58.988803+00:00","documents":[{"name":"DORIAN INVESTMENT ADVISORY LLC NOVEMBER 2025","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1029889","versionId":1029889,"submittedOn":"2026-03-27"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":102582266}],"custodyNote":"Dorian Investment Advisory has custody of $85.7M in client assets for 70 clients.","otherCustodians":[],"leadership":[{"name":"Paul Dorian","title":"Chief Executive Officer and Chief Compliance Officer","crd":"2814857"},{"name":"Susan Dorian","title":"Secretary","crd":"8177714"}],"ownership":[{"label":"Paul Dorian","detail":"Chief executive officer and chief compliance officer in the 75% or more ownership band and a control person, since October 2025."},{"label":"Susan Dorian","detail":"Secretary in the 10% to 25% ownership band and a control person, since October 2025."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Tennessee","offices":1,"addresses":[{"street":"1661 International DR Ste 400","city":"Memphis","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"901-482-8444","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":29},{"label":"U.S. state and local bonds","percent":11},{"label":"Securities issued by registered investment companies or business development companies","percent":58},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"29 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/339280/PDF/339280.pdf","brochureDate":"27 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1029889","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 Dorian Investment Advisory have?","answer":"Dorian Investment Advisory has 118 clients and manages $103 million for them, as of April 2026. They include 97 individual clients and 21 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 29 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Dorian Investment Advisory offer?","answer":"Dorian Investment Advisory 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Dorian Investment Advisory use?","answer":"Dorian Investment Advisory’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $103M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Dorian Investment Advisory have?","answer":"Dorian Investment Advisory has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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 Dorian Investment Advisory invest in?","answer":"At the end of its last fiscal year, Dorian Investment Advisory’s separately managed accounts held 58% registered funds (mutual funds, ETFs, BDCs), 29% exchange-traded equities, 11% state and local bonds and 2% pooled vehicles (private funds and similar).","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 Dorian Investment Advisory?","answer":"Dorian Investment Advisory’s direct owners are Paul Dorian (75% or more) and Susan Dorian (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 29 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Dorian Investment Advisory get paid?","answer":"Dorian Investment Advisory 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 Dorian Investment Advisory?","answer":"Dorian Investment Advisory’s main office is at 1661 International DR Ste 400, Memphis, TN 38120. Its phone number is 901-482-8444.","source":"Form ADV Part 1A, Item 1.F, filed 29 April 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."}