DBS Investment Advisers, LLC is a registered investment adviser based in Bay City, Michigan, providing personalized portfolio management, financial planning, and pension consulting services. Founded in 2000 and owned by Theodore C. Schumann II, the firm builds customized investment portfolios primarily utilizing mutual funds and exchange-traded funds, applying strategies such as modern portfolio theory and long-term purchasing. Portfolio management services are offered on both a discretionary and non-discretionary basis, with ongoing monitoring and quarterly rebalancing. In addition to managing individual accounts, DBS Investment Advisers offers single-subject and comprehensive financial planning, as well as consulting services for employee benefit plans and their fiduciaries. The firm also maintains an affiliation with a real estate brokerage firm, DBS Professional Practice Brokers, LLC, which offers appraisal and transaction services. Client assets are held with qualified independent custodians such as Charles Schwab and Fidelity Investments.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.5M | 0.90% |
| $2.5M - $5.0M | 0.80% |
| $5.0M - $10.0M | 0.70% |
| $10.0M - $20.0M | 0.60% |
| $20M+ | 0.50% |
Fees are negotiable. Accounts under $1,000,000 are charged 1.25%. Discounted fee schedule available for members of the Michigan Dental Association.