Dunham

Registered investment adviser · San Diego, CA · CRD #13162

Form ADV data as of 2026-09-01

Regulatory assets

$5.63 billion

Total accounts

13,155

Employees

Disclosure events

Firm details

Website: https://www.instagram.com/dunhaminsights
Telephone: 858-964-0500
SEC file number: 801-25803
Most recent Form ADV filing: 2026-07-15
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	$4.74 billion
Non-discretionary regulatory assets under management	$888.3 million
Total regulatory assets under management	$5.63 billion
Discretionary accounts	10,769
Non-discretionary accounts	2,386
Total accounts	13,155
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	43
Employees performing investment advisory functions (including research)	9
Employees who are registered representatives of a broker-dealer	31
Employees registered as investment adviser representatives with a state	30
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	5

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
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	$5.15 billion
Clients for whom a related person has custody	10,937
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	1

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Performance-based fees

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)Other

Other business activities

Broker-dealer (registered or unregistered)

Affiliated related persons

Trust companySponsor, general partner, or managing member of pooled investment vehicles

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 or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Compensates a non-employee for client referrals
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	10,820	$1.97 billion
High net worth individuals	1,954	$3.16 billion
Investment companies	15	$335.7 million
Pension and profit sharing plans (not the participants or government plans)	45	$25.9 million
Charitable organizations	149	$38.5 million
Corporations or other businesses not listed above	172	$99.7 million