Davidson Investment Advisors, Inc.
Registered investment adviser · Great Falls, MT · CRD #110552
Form ADV data as of 2026-09-01Regulatory assets
$5.20 billion
Total accounts
4,407
Employees
31
Disclosure events
0
Firm details
- Website: http://www.caprinbonds.com
- Telephone: 406-727-6111
- SEC file number: 801-10883
- Most recent Form ADV filing: 2025-12-15
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $5.16 billion |
| Non-discretionary regulatory assets under management | $37.7 million |
| Total regulatory assets under management | $5.20 billion |
| Discretionary accounts | 4,275 |
| Non-discretionary accounts | 132 |
| Total accounts | 4,407 |
| Regulatory assets under management attributable to non-U.S. persons | $0 |
People
| Total employees (excluding clerical) | 31 |
| Employees performing investment advisory functions (including research) | 13 |
| Employees who are registered representatives of a broker-dealer | 11 |
| Employees registered as investment adviser representatives with a state | 17 |
| Employees registered as IARs for another investment adviser | 10 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $0 |
| Clients for whom the firm has custody | 0 |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $3.54 billion |
| Clients for whom a related person has custody | 3,223 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | Yes |
| Number of persons acting as qualified custodians for the firm's clients | 31 |
How the firm is compensated
Advisory services offered
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Executes agency cross transactions involving advisory client securities
- Recommends securities for which it serves as underwriter or general partner
- Recommends securities in which it has another sales interest
- Brokers or dealers selected under 8.C.(3) are related persons
- Recommends brokers or dealers to clients
- Brokers or dealers recommended under 8.E. are related persons
- Receives soft dollar benefits
- Compensates a non-employee for client referrals
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 3,125 | $1.30 billion |
| High net worth individuals | 966 | $2.30 billion |
| Investment companies | 1 | $148.0 million |
| Pooled investment vehicles (other than investment companies and BDCs) | 4 | $74.7 million |
| Pension and profit sharing plans (not the participants or government plans) | 36 | $78.4 million |
| Charitable organizations | 131 | $769.0 million |
| State or municipal government entities (including government pension plans) | 37 | $142.7 million |
| Insurance companies | 8 | $39.6 million |
| Corporations or other businesses not listed above | 99 | $345.6 million |