Dunham & Associates Investment Counsel, Inc.
- Regulatory AUM
- $5.6B
- Discretionary
- $4.7B
- Clients
- 13,155
- Avg AUM / client
- $428K
- Accounts
- 13,155
- Employees
- 43
AUM over time
Annual snapshots from Form ADV filings · as of Jul 15, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 10,820 | $2.0B | 35.0% |
| High net worth individuals | 1,954 | $3.2B | 56.1% |
| Banking or thrift institutions | 0 | $0 | — |
| Investment companies | 15 | $336M | 5.96% |
| Pension and profit sharing plans | 45 | $25.9M | 0.46% |
| Charitable organizations | 149 | $38.5M | 0.68% |
| State or municipal government entities | 0 | $0 | — |
| Other investment advisers | 0 | $0 | — |
| Insurance companies | 0 | $0 | — |
| Sovereign wealth funds and foreign official institutions | 0 | $0 | — |
| Corporations and other businesses | 172 | $99.7M | 1.77% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Leeward Construction, Inc. Employees Retirement Plan Leeward Construction, Inc. | 2024 |
People (34)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Jeffrey Alan Dunham | President | Sep 1985 (41y) | ≈ 56.25% – 100% via Dunham & Associates Holdings, Inc. | |
| Ryan John Dykmans | Chief Investment Officer | CFA | Apr 2005 (21y) | Less than 5% |
| Salvatore Michael Capizzi | Chief Sales And Marketing Officer | Jan 2008 (19y) | Less than 5% | |
| Viktoria Irena Palermo | Chief Compliance Officer | Sep 2021 (5y) | Less than 5% | |
| Boisch, Helmut | Chief Operations Officer | Mar 2022 (4y) | Less than 5% | |
| Zou, Jing | Cfo | Sep 2024 (2y) | Less than 5% | |
| Peter Byron Nesbitt | Registered representative | Jul 2010 (16y) | ||
| Jason Gregory Greer | Registered representative | CFA | Dec 2013 (13y) | |
| Robert Lawrence Pancrazi | Registered representative | Jan 2014 (13y) | ||
| Rebecca Pearson Martin | Registered representative | CFP | Jan 2017 (10y) | |
| Amy Suzanne Gallego | Registered representative | Mar 2017 (9y) | ||
| Shawn Thomas Waltz | Registered representative | Jul 2019 (7y) | ||
| Daniel David Sands | Registered representative | CFP | Sep 2019 (7y) | |
| Nehemiah Timothy Mc Farlin | Registered representative | Apr 2022 (4y) | ||
| Royce Gittings | Registered representative | May 2022 (4y) | ||
| William Bo | Registered representative | Mar 2023 (3y) | ||
| Liam Anthony Morando | Registered representative | Apr 2023 (3y) | ||
| Ari Parsay | Registered representative | Apr 2023 (3y) | ||
| Czarina Lagman Frias | Registered representative | Apr 2023 (3y) | ||
| Katherine Elizabeth Peabody | Registered representative | Jun 2023 (3y) | ||
| Marguerite Mae Keegan | Registered representative | Apr 2024 (2y) | ||
| Cade Bergen Isakson | Registered representative | May 2024 (2y) | ||
| Bruin Crawford Jones | Registered representative | Sep 2024 (2y) | ||
| Mason Sang Jin Mah | Registered representative | Sep 2024 (2y) | ||
| Pearse Braden Migl | Registered representative | Oct 2024 (2y) | ||
| Deshaun Malik Harvey | Registered representative | Feb 2025 (1y) | ||
| Alejandro Darjania | Registered representative | Oct 2025 (1y) | ||
| Antonio Guy Maillaro | Registered representative | Nov 2025 (1y) | ||
| Lucas Max Keefer | Registered representative | Dec 2025 (1y) | ||
| Camryn Nicole Nurmberg | Registered representative | Apr 2026 (0y) | ||
| Hannah Rose Alves | Registered representative | Apr 2026 (0y) | ||
| Sasa Gligorijevic | Registered representative | May 2026 (0y) | ||
| Santiago Tena | Registered representative | Jun 2026 (0y) | ||
| Ryan Yamato | Registered representative | Jul 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Dunham & Associates Holdings, Inc. | Shareholder | Jan 2000 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Jeffrey Alan Dunham: 75% – 100% of Dunham & Associates Holdings, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Leeward Construction, Inc. Employees Retirement Plan | Leeward Construction, Inc. | 169 | $20.2M | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/15/2026 | 1.31 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Fifth Third Bank $8.2M (0% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 15, 2026.
View current Form ADV (SEC/IAPD) ↗