Theodore Schumann is a CFP-designated registered investment advisor at Dbs Investment Advisers, LLC, based in Bay City, MI, with 15 years of industry experience. Theodore operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 591 clients with $280M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1000K | 1.25% |
| $1.0M - $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. Discounted fee schedule available to members of the Michigan Dental Association (MDA): $0 - $3,500,000: 0.90%, $3,500,001 - $5,000,000: 0.80%, $5,000,001 - $10,000,000: 0.70%, $10,000,001 - $20,000,000: 0.60%, Over $20,000,001: 0.50%
Fee Estimator
Location
6006 Westside Saginaw Road, Bay City, MI, 48706
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Theodore is the owner of DBS Professional Practice Brokers, LLC, a licensed real estate brokerage firm. This investment-related activity takes minimal time.
Employment History
Current Registrations
Dbs Investment Advisers, LLC
Previous Registrations
Act Two Financial Advisors, LLC
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.