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D.A. DAVIDSON & CO.
CRD 199File 801-45761
APPROVED
Retail clients
Custody
Disclosure events
Filing as of Jul 30, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$41.84B
Top 10% of cohort (national)
Discretionary AUM
$38.30B
Non-discretionary $3.54B
Clients
70,118
92,146 accounts
Employees
990
Top 10% of cohort in MT
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- SFRO
- Registration date
- Feb 8, 1994
- Principal office
- 8 THIRD STREET NORTH, GREAT FALLS, MT, 59401
- Phone
- 406-727-4200
- Website
- HTTP://WWW.DADAVIDSON.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $41.84B
- Discretionary AUM
- $38.30B
- Non-discretionary AUM
- $3.54B
- Discretionary accounts
- 88,458
- Non-discretionary accounts
- 3,688
- Total accounts
- 92,146
- AUM per client
- $597K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 616 | $1.46B |
| Charitable organizations | 1,098 | $1.83B |
| High net worth individuals | 18,223 | $23.60B |
| Pension and profit sharing plans | 240 | $546.8M |
| State or municipal government entities | 29 | $390.2M |
| Individuals (other than high net worth individuals) | 49,912 | $14.02B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Other
- Publications
- Financial planning services
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- Yes
- Related Person Custody Assets
- Yes
- Related Person Custody Clients
- Yes
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11- Q11
- Q11C2
- Q11C4
- Q11C5
- Q11D2
- Q11D4
- Q11D5
- Q11E2
- Q11E4
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Jan 1, 2026 | Employees | 650 | 990 | increased by340 |
| Jan 1, 2026 | Clients | 66,488 | 70,118 | increased by3,630 |
| Jan 1, 2026 | AUM | $36,175,333,459 | $41,839,245,699 | increased by$5,663,912,240 |
| Jan 1, 2026 | Accounts | 86,818 | 92,146 | increased by5,328 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 651 | 650 | decreased by1 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 55,369 | 66,488 | increased by11,119 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $27,232,921,779 | $36,175,333,459 | increased by$8,942,411,680 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 70,553 | 86,818 | increased by16,265 |
| Jan 1, 2022 | Employees | 626 | 651 | increased by25 |
| Jan 1, 2022 | Clients | 49,289 | 55,369 | increased by6,080 |
| Jan 1, 2022 | AUM | $20,660,653,019 | $27,232,921,779 | increased by$6,572,268,760 |
| Jan 1, 2022 | Accounts | 62,436 | 70,553 | increased by8,117 |
| 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 “DAVIDSON” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“DAVIDSON” 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.