{"url":"https://nivawealth.com/firms/dowling-financial-services-155624","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/155624","regulatoryAum":179269632,"crd":"155624","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4649970","suffix":null,"lastName":"DOWLING","firstName":"JOSEPH","middleName":"MICHAEL"},{"crd":"5746392","suffix":null,"lastName":"DOWLING","firstName":"SEAN","middleName":"MICHAEL"}],"total":2,"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"},"history":[{"filedOn":"2024-07-17","regulatoryAum":139665768,"clients":100,"employees":4,"offices":1},{"filedOn":"2025-06-09","regulatoryAum":165628233,"clients":99,"employees":4,"offices":1},{"filedOn":"2026-02-19","regulatoryAum":179269632,"clients":324,"employees":3,"offices":1}],"secFileNumber":"801-130694","legalName":"Dowling Financial Services, Inc","displayName":"Dowling Financial Services","slug":"dowling-financial-services-155624","website":"https://thedowlinggroup.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"1171 E. Putnam Avenue, #1B","city":"Greenwich","state":"CT","stateName":"Connecticut","country":"United States","postalCode":"06878"},"tradeNames":["DFS","The Dowling Group"],"registration":{"secApproved":"23 July 2024","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":522156.1028037383,"staff":{"employees":3,"advisory":2,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":179269632,"discretionary":172596000,"discretionaryAccounts":421,"nonDiscretionary":6673632,"nonDiscretionaryAccounts":9,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":5},"clientTypes":[{"label":"Individuals (other than HNW)","clients":301,"regulatoryAum":122373987},{"label":"High-net-worth individuals","clients":20,"regulatoryAum":45238122},{"label":"Pension and profit-sharing plans","clients":2,"fewerThan5":true,"regulatoryAum":9690832},{"label":"State or municipal government entities","clients":1,"regulatoryAum":1966691}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1010233","versionId":1010233,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-02-19","documentName":"DOWLING GROUP FIRM BROCHURE","fee_rate_low":0.75,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"Financial planning is a fixed fee generally from $2,500 to $20,000, or $500 an hour for modular consulting; negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1010233","versionId":1010233,"submittedOn":"2026-02-19","documentName":"DOWLING GROUP FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:15:10.696459+00:00","documents":[{"name":"DOWLING GROUP FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1010233","versionId":1010233,"submittedOn":"2026-02-19"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":20160482}],"custodyNote":"Dowling Financial Services does not have custody of client assets.","leadership":[{"name":"Sean Dowling","title":"President & Chief Compliance Officer","crd":"5746392"}],"ownership":[{"label":"Sean Dowling","detail":"President & chief compliance officer in the 75% or more ownership band and a control person, since November 2010."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"1171 E. Putnam Avenue, #1B","city":"Greenwich","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"203-967-2231","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":40},{"label":"U.S. state and local bonds","percent":9},{"label":"Sovereign bonds","percent":10},{"label":"Investment grade corporate bonds","percent":10},{"label":"Securities issued by registered investment companies or business development companies","percent":31},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"19 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/155624/PDF/155624.pdf","brochureDate":"19 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1010233","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 Dowling Financial Services have?","answer":"Dowling Financial Services has 324 clients and manages $179 million for them, as of February 2026. They include 301 individual clients, 20 high-net-worth individuals, and 2 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 19 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Dowling Financial Services offer?","answer":"Dowling Financial Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Dowling Financial Services charge?","answer":"Dowling Financial Services charges 0.75%–1.25% a year for its Portfolio Management Services. The fee is billed in advance and is negotiable.","source":"DOWLING GROUP FIRM BROCHURE, filed 19 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Dowling Financial Services use?","answer":"Dowling Financial Services’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $20.2M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Dowling Financial Services have?","answer":"Dowling Financial Services has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 0 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Dowling Financial Services invest in?","answer":"At the end of its last fiscal year, Dowling Financial Services’ separately managed accounts held 40% exchange-traded equities, 31% registered funds (mutual funds, ETFs, BDCs), 10% sovereign bonds, 10% investment grade corporate bonds, 9% state and local bonds and 1% cash and equivalents.","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 Dowling Financial Services?","answer":"Dowling Financial Services’ direct owner is Sean Dowling (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 19 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Dowling Financial Services get paid?","answer":"Dowling Financial Services 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Dowling Financial Services registered with the SEC?","answer":"Yes, Dowling Financial Services has been registered with the SEC as an investment adviser since 23 July 2024. Its CRD number is 155624 and its SEC file number is 801-130694.","source":"Form ADV Part 1A, Item 1, filed 19 February 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Dowling Financial Services?","answer":"Dowling Financial Services’ main office is at 1171 E. Putnam Avenue, #1B, Greenwich, CT 06878. Its phone number is 203-967-2231. Its website is thedowlinggroup.com.","source":"Form ADV Part 1A, Item 1.F, filed 19 February 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."}