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DOUGHERTY & ASSOCIATES FINANCIAL ADVISORS, INC.
CRD 165145File 801-93169
APPROVED
Retail clients
Custody
Filing as of Feb 25, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$382.9M
Below cohort median (national)
Discretionary AUM
$380.6M
Non-discretionary $2.3M
Clients
1,069
2,304 accounts
Employees
9
Below cohort median in MN
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Apr 20, 2015
- Principal office
- 103 MARTY DRIVE, SUITE 101, BUFFALO, MN, 55313
- Phone
- 763-682-4014
- Website
- HTTPS://WWW.THEDOUGH.COM/
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $382.9M
- Discretionary AUM
- $380.6M
- Non-discretionary AUM
- $2.3M
- Discretionary accounts
- 2,300
- Non-discretionary accounts
- 4
- Total accounts
- 2,304
- AUM per client
- $358K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| High net worth individuals | 80 | $184.9M |
| Individuals (other than high net worth individuals) | 989 | $198.0M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Mar 1, 2026 | Clients | 1,077 | 1,069 | decreased by8 |
| Mar 1, 2026 | AUM | $353,886,062 | $382,859,944 | increased by$28,973,882 |
| Mar 1, 2026 | Accounts | 2,321 | 2,304 | decreased by17 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 1,147 | 1,077 | decreased by70 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $320,325,740 | $353,886,062 | increased by$33,560,322 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 2,435 | 2,321 | decreased by114 |
| Apr 1, 2022 | Employees | 10 | 9 | decreased by1 |
| Apr 1, 2022 | Clients | 1,154 | 1,147 | decreased by7 |
| Apr 1, 2022 | AUM | $305,124,464 | $320,325,740 | increased by$15,201,276 |
| Apr 1, 2022 | Accounts | 2,376 | 2,435 | increased by59 |
| 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 “DOUGHERTY ASSOCIATES” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“DOUGHERTY ASSOCIATES” 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.