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DUNHAM
Legal name: DUNHAM & ASSOCIATES INVESTMENT COUNSEL, INC.
CRD 13162File 801-25803
APPROVED
Retail clients
Custody
Filing as of Jul 15, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$5.63B
Top 25% of cohort (national)
Discretionary AUM
$4.74B
Non-discretionary $888.3M
Clients
13,155
13,155 accounts
Employees
43
Top 25% of cohort in CA
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- LARO
- Registration date
- Nov 29, 1985
- Principal office
- 6256 GREENWICH DRIVE, SUITE 550, SAN DIEGO, CA, 92122
- Phone
- 858-964-0500
- Website
- https://www.dunham.com/
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $5.63B
- Discretionary AUM
- $4.74B
- Non-discretionary AUM
- $888.3M
- Discretionary accounts
- 10,769
- Non-discretionary accounts
- 2,386
- Total accounts
- 13,155
- AUM per client
- $428K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 172 | $99.7M |
| Non-U.S. persons | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Investment companies | 15 | $335.7M |
| Charitable organizations | 149 | $38.5M |
| Other investment advisers | Fewer than 5 | $0 |
| High net worth individuals | 1,954 | $3.16B |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Pension and profit sharing plans | 45 | $25.9M |
| State or municipal government entities | Fewer than 5 | $0 |
| Individuals (other than high net worth individuals) | 10,820 | $1.97B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Other advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- No
- Related Person Custody Cash
- Yes
- Related Person Custody Assets
- No
- Related Person Custody Clients
- Yes
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 39 | 43 | increased by4 |
| Apr 1, 2026 | Clients | 12,032 | 13,155 | increased by1,123 |
| Apr 1, 2026 | AUM | $4,737,607,372 | $5,627,638,262 | increased by$890,030,890 |
| Apr 1, 2026 | Accounts | 12,032 | 13,155 | increased by1,123 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 29 | 39 | increased by10 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 8,769 | 12,032 | increased by3,263 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $3,043,067,911 | $4,737,607,372 | increased by$1,694,539,461 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 8,769 | 12,032 | increased by3,263 |
| Apr 1, 2022 | Clients | 7,641 | 8,769 | increased by1,128 |
| Apr 1, 2022 | AUM | $2,152,591,097 | $3,043,067,911 | increased by$890,476,814 |
| Apr 1, 2022 | Accounts | 7,641 | 8,769 | increased by1,128 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “DUNHAM” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“DUNHAM” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.