Dana Investment Advisors Inc logo

Dana Investment Advisors Inc

Updated today

Client AUM

$2,254,547,504

Clients

1,330

Advisors

26

across 7 offices

About

Dana Investment Advisors manages roughly $6.1 billion for a broad mix of individual and institutional clients, including high‑net‑worth individuals, qualified retirement plans, Taft‑Hartley and union plans, banks and credit unions, insurance companies, and public sector entities. The firm provides discretionary and non‑discretionary portfolio management across separate accounts, model‑based and UMA programs, wrap arrangements, and wealth management services.

Dana’s investment process combines relative‑value and concentrated equity approaches (including mid‑cap, small‑cap, SMID, and unconstrained strategies) with fixed‑income strategies that emphasize credit quality and current income, and it integrates ESG and faith‑based screening where clients request it. The firm distributes its strategies through multiple channels—third‑party model and UMA sponsors, wrap platforms, and pooled investment vehicles—and it accepts performance‑based fee arrangements for certain accounts while employing trade aggregation and rotation policies to manage allocation and execution conflicts.

Noteworthy aspects include an atypical institutional client mix for a multi‑team adviser—extending to sovereign wealth funds, banking/thrift institutions, insurance companies, and other investment advisers—and active roles as adviser and sub‑adviser to mutual funds and ETFs that mirror its separate‑account strategies. Dana is employee‑owned with a long operating history and emphasizes investment management and model delivery rather than offering standalone financial planning.

Client services

Portfolio management

Expertise

ESG / Sustainable investing Active portfolio management Concentrated stock management

Occupation focus

Founder/Business Owner

Demographic focus

Religious/faith focused

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Fee options

Percentage

$0 - $10,000,000: 0.75% per year $10,000,001 - $25,000,000: 0.65% per year $25,000,001+: 0.50% per year $0 - $10,000,000: 0.75% per year $10,000,001 - $25,000,000: 0.70% per year $25,000,001+: 0.65% per year $0 - $10,000,000: 0.75% per year $10,000,001 - $25,000,000: 0.65% per year $25,000,001+: 0.60% per year $0 - $3,000,000: 0.45% per year $3,000,001 - $10,000,000: 0.40% per year $10,000,001+: 0.35% per year $0 - $100,000,000: 0.75% per year $100,000,001+: 0.60% per year $0 - $50,000,000: 0.75% per year $50,000,001+: 0.60% per year $0 - $3,000,000: 0.30% per year $3,000,001 - $10,000,000: 0.25% per year $10,000,001+: 0.20% per year $0 - $3,000,000: 0.35% per year $3,000,001 - $10,000,000: 0.25% per year $10,000,001+: 0.20% per year $0 - $3,000,000: 0.30% per year $3,000,001 - $10,000,000: 0.25% per year $10,000,001 - $25,000,000: 0.20% per year $25,000,001+: 0.15% per year $0 - $1,000,000: 1.00% per year $1,000,001 - $5,000,000: 0.80% per year $5,000,001+: 0.70% per year

Performance-based

Performance-based fees accepted for certain client accounts when performance exceeds agreed benchmark or target level

Other

Account minimum: $1,000,000

Main office

See office

20700 Swenson Drive, Suite 400

Waukesha WI 53186-0904

Advisors at this office

15

Most active in

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Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Mikhail A

CFA®, Series 66

Waukesha, WI

Dana Investment Advisors Inc

Mikhail Alkhazov is a CFA® charterholder with 19 years of industry experience. He has worked at Dana Investment Advisors, Inc. since 2018 and previously spent 11 years at Ziegler Capital Management, LLC. Alkhazov holds a Series 66 license and is based in Waukesha, WI. Dana Investment Advisors, Inc. is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, credit unions, insurance companies, and public-sector entities. The firm offers discretionary and non-discretionary equity and fixed-income portfolio management through various platforms, emphasizing relative-value equity selection and fixed-income strategies focused on income, credit quality, and interest-rate sensitivity.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Brian L

Series 65

Waukesha, WI

Dana Investment Advisors Inc

Brian Lehky is a financial advisor at Dana Investment Advisors Inc with 15 years of industry experience. He holds a Series 65 designation and has been with Dana Investment Advisors since 2008. Dana Investment Advisors is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm offers discretionary and non-discretionary equity and fixed-income portfolio management, utilizing relative-value equity selection and fixed-income strategies that incorporate ESG screening and accommodate client-directed social or faith-based exclusions.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Noaman S

Series 63, Series 65

Waukesha, WI

Dana Investment Advisors Inc

Noaman Sharief is a financial advisor with Dana Investment Advisors Inc in Waukesha, WI, holding Series 63 and Series 65 licenses and 19 years of industry experience. He has been with Dana Investment Advisors since 2008. Dana Investment Advisors is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm offers discretionary and non-discretionary equity and fixed-income portfolio management, emphasizing relative-value equity selection and fixed-income strategies focused on income, credit quality, and interest-rate sensitivity.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Michael H

CFA®, Series 65

Brookfield, WI

Dana Investment Advisors Inc

Michael Honkamp is a CFA® charterholder with 25 years of industry experience. He has been with Dana Investment Advisors Inc. since 1999 and also maintains a long-term association with Rochambo. Dana Investment Advisors, Inc. is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm manages equity and fixed-income portfolios using separately managed accounts, wrap programs, and model-based platforms, with an investment approach that emphasizes relative-value equity selection and fixed-income strategies focused on income, credit quality, and interest-rate sensitivity.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Lori S

Series 65

Waukesha, WI

Dana Investment Advisors Inc

Lori Salyers is a Series 65-licensed financial advisor with Dana Investment Advisors Inc., based in Waukesha, WI. She has 16 years of industry experience and has been with Dana Investment Advisors since 2007. Dana Investment Advisors is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm employs relative-value equity selection and fixed-income strategies that incorporate ESG screening and client-directed exclusions, managing portfolios through separately managed accounts, wrap programs, and model-based platforms.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Shane M

Series 63, Series 65

Colorado Springs, CO

Dana Investment Advisors Inc

Shane Morris is a financial advisor at Dana Investment Advisors Inc with 25 years of industry experience. He holds Series 63 and Series 65 licenses and has worked previously at Primerica Financial Services, Mid Atlantic Capital Corporation, Parsonex Securities, and Niemann Capital Management. Dana Investment Advisors Inc is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm focuses on relative-value equity selection and fixed-income strategies, integrating ESG screening and accommodating client-directed social or faith-based exclusions.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Sean M

CFA®, Series 65

Waukesha, WI

Dana Investment Advisors Inc

Sean Mcleod is a CFA® charterholder and holds a Series 65 license. He has 10 years of industry experience and has been with Dana Investment Advisors, Inc. since 2016. Dana Investment Advisors manages approximately $6.1 billion for a diverse range of individual and institutional clients, offering discretionary and non-discretionary portfolio management through various account types and strategies. The firm employs a relative-value and concentrated equity approach combined with fixed-income strategies, incorporating ESG and faith-based screening upon client request.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

James M

Series 63, Series 65

Waukesha, WI

Dana Investment Advisors Inc

James Mirsberger is a financial advisor at Dana Investment Advisors Inc with over 20 years of industry experience. He previously worked at Wells Fargo Capital Management for 17 years and Allspring Global Investments for three years before joining Dana in 2024. Dana Investment Advisors, Inc. is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm offers discretionary and non-discretionary equity and fixed-income portfolio management, emphasizing relative-value equity selection and fixed-income strategies focused on income and credit quality while integrating ESG screening and accommodating client-directed social or faith-based exclusions.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Gregory D

CFA®, Series 63

Waukesha, WI

Dana Investment Advisors Inc

Gregory Dahlman is a CFA® charterholder with 17 years of industry experience, currently serving at Dana Investment Advisors, Inc. since 2006. He holds a Series 63 license and is based in Waukesha, WI. Dana Investment Advisors, Inc. is an independent investment management firm providing supervisory services to individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm employs a relative-value equity selection process alongside fixed-income strategies focused on income and credit quality, and integrates ESG screening while accommodating client-directed social or faith-based exclusions.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Michael S

CFA®, Series 63, Series 65

Brookfield, WI

Dana Investment Advisors Inc

Michael Stewart is a CFA® charterholder with 30 years of industry experience. He has been with Dana Investment Advisors, Inc. and Ohio National Life Insurance since 2001. His credentials also include Series 63 and Series 65 licenses. Dana Investment Advisors, Inc. is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm emphasizes relative-value equity selection and fixed-income strategies, integrating ESG screening and accommodating client-directed social or faith-based exclusions.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

James J

Series 63

Milwaukee, WI

Dana Investment Advisors Inc

James Janikowski is a Series 63-licensed financial advisor with 18 years of industry experience. He has worked at Dana Investment Advisors, Inc. since 2022 and previously spent 15 years at Legacy Capital Partners, Inc. He is also a member of LCP Holdco, LLC, a holding company related to the sale of Legacy Capital Partners' assets. Dana Investment Advisors, Inc. is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm offers discretionary and non-discretionary equity and fixed-income portfolio management, emphasizing relative-value equity selection and fixed-income strategies focused on income and credit quality, while integrating ESG screening and accommodating client-directed social or faith-based exclusions.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Duane R

CFA®, Series 65

Irving, TX

Dana Investment Advisors Inc

Duane Roberts is a CFA® charterholder with 23 years of industry experience. He has been with Dana Investment Advisors, Inc. since 2008. Dana Investment Advisors, Inc. is an independent investment management firm serving individual and institutional clients, including pension plans, high-net-worth individuals, banks, insurance companies, and public-sector entities. The firm offers discretionary and non-discretionary equity and fixed-income portfolio management with an emphasis on relative-value equity selection and fixed-income strategies focused on income and credit quality, incorporating ESG screening and client-directed social or faith-based exclusions.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Daniel W

Series 63, Series 65

Waukesha, WI

Dana Investment Advisors Inc

Daniel Wanzenberg is a financial advisor at Dana Investment Advisors Inc with 19 years of industry experience. He holds Series 63 and Series 65 licenses and has worked at Moody Aldrich Partners, LLC, APS Labs, LLC, and Belridge Capital, LLC prior to joining Dana Investment Advisors in 2026. Dana Investment Advisors manages approximately $6.1 billion for a diverse group of individual and institutional clients, offering discretionary and non-discretionary portfolio management through various account structures. The firm combines relative-value and concentrated equity strategies with fixed-income approaches and integrates ESG and faith-based screening upon client request.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Mark M

Series 63

Waukesha, WI

Dana Investment Advisors Inc

Mark Mirsberger is a financial advisor at Dana Investment Advisors Inc with 33 years of industry experience. He has been with Dana Investment Advisors since 1991. He holds the Series 63 designation. Dana Investment Advisors is an independent investment management firm serving individual and institutional clients, including pension and profit-sharing plans, high-net-worth individuals, banks, credit unions, insurance companies, and public-sector entities. The firm manages equity and fixed-income portfolios through various platforms and incorporates ESG screening and client-directed social or faith-based exclusions in its investment process.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
user avatar

Marc K

Seattle, WA

Dana Investment Advisors Inc

Marc Kamber is a financial advisor with Dana Investment Advisors Inc in Seattle, WA, holding 34 years of industry experience. He has been with Dana Investment Advisors since 1991. Dana Investment Advisors is an independent investment management firm serving individual and institutional clients, including pension and profit-sharing plans, high-net-worth individuals, banks, credit unions, insurance companies, and public-sector entities. The firm focuses on relative-value equity selection and fixed-income strategies, integrating ESG screening and offering customized investment approaches through various platforms.

ESG / Sustainable investing Active portfolio management Concentrated stock management Founder/Business Owner Religious/faith focused
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