{"url":"https://nivawealth.com/firms/millbank-dartmoor-portsmouth-311046","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/311046","regulatoryAum":263173121,"crd":"311046","history":[{"filedOn":"2021-03-30","regulatoryAum":107000000,"clients":0,"employees":2,"offices":1},{"filedOn":"2022-03-10","regulatoryAum":216577991,"clients":0,"employees":2,"offices":1},{"filedOn":"2023-03-21","regulatoryAum":308485062,"clients":1,"employees":2,"offices":1},{"filedOn":"2024-07-09","regulatoryAum":213021763,"clients":1,"employees":3,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":233714235,"clients":0,"employees":3,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":263173121,"clients":0,"employees":3,"offices":1}],"secFileNumber":"801-119757","legalName":"Millbank Dartmoor Portsmouth LLC","displayName":"Millbank Dartmoor Portsmouth","slug":"millbank-dartmoor-portsmouth-311046","website":"https://mdpvol.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/millbank-dartmoor-portsmouth/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"22 South Pack Square, Suite 401","city":"Asheville","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"28801"},"tradeNames":[],"registration":{"secApproved":"6 November 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":3,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":263173121,"discretionary":263173121,"discretionaryAccounts":4,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":4},"clientTypes":[{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":98796647},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":164376474}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Bank of New York Mellon","shortName":"Bank of New York Mellon","location":"Pittsburgh, PA","smaAssets":263173121}],"custodyNote":"Millbank Dartmoor Portsmouth does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Michael McCarty","title":"Chief Operating Officer","crd":"2494156"},{"name":"Kellie Fisher","title":"Chief Compliance Officer","crd":"1938661"},{"name":"Dennis Davitt","title":"Chief Investment Officer","crd":"4370382"}],"ownership":[{"label":"Dennis Davitt","detail":"Chief investment officer in the 50% to 75% ownership band and a control person, since September 2020."},{"label":"Michael McCarty","detail":"Chief operating officer in the 10% to 25% ownership band and a control person, since September 2020."},{"label":"Galaxy Group Funding Eci U LLC","detail":"Member in the 10% to 25% ownership band, since September 2020."},{"label":"Six Tav So LLC","detail":"Member in the 10% to 25% ownership band, since September 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"22 South Pack Square, Suite 401","city":"Asheville","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"828-499-7222","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":49},{"label":"Derivatives","percent":37},{"label":"Cash and cash equivalents","percent":14}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/311046/PDF/311046.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"What services does Millbank Dartmoor Portsmouth offer?","answer":"Millbank Dartmoor Portsmouth provides 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 Millbank Dartmoor Portsmouth use?","answer":"Millbank Dartmoor Portsmouth’s separately managed account assets are held at Bank of New York Mellon (Pittsburgh, PA), with $263M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Millbank Dartmoor Portsmouth have?","answer":"Millbank Dartmoor Portsmouth has 0 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 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 Millbank Dartmoor Portsmouth invest in?","answer":"At the end of its last fiscal year, Millbank Dartmoor Portsmouth’s separately managed accounts held 49% exchange-traded equities, 37% derivatives and 14% 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 Millbank Dartmoor Portsmouth?","answer":"Millbank Dartmoor Portsmouth’s direct owners are Dennis Davitt (50% to 75%), Michael McCarty (10% to 25%), Galaxy Group Funding Eci U LLC (10% to 25%) and Six Tav So LLC (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Millbank Dartmoor Portsmouth get paid?","answer":"Millbank Dartmoor Portsmouth 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 Millbank Dartmoor Portsmouth?","answer":"Millbank Dartmoor Portsmouth’s main office is at 22 South Pack Square, Suite 401, Asheville, NC 28801. Its phone number is 828-499-7222. Its website is mdpvol.com.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/millbank-dartmoor-portsmouth-311046/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2098560/000142050626001723/0001420506-26-001723-index.html","totalValue":175742002,"positionCount":2,"top10Share":1,"top10":[{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":171747202,"shares":229402,"shareType":"SH","priorValue":149189297,"priorShares":229402},{"issuer":"ISHARES BITCOIN TRUST ETF","titleOfClass":"SHS BEN INT","cusip":"46438F101","value":3994800,"shares":120000,"shareType":"SH","priorValue":4541244,"priorShares":118200}],"positionsListed":2,"positions":[{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":171747202,"shares":229402,"shareType":"SH","priorValue":149189297,"priorShares":229402},{"issuer":"ISHARES BITCOIN TRUST ETF","titleOfClass":"SHS BEN INT","cusip":"46438F101","value":3994800,"shares":120000,"shareType":"SH","priorValue":4541244,"priorShares":118200}]},"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."}