DB Advisors
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
DB Advisors (DBA) serves individual clients, participants in defined‑contribution retirement plans, trusts, estates, charitable organizations and other institutional or business entities with discretionary and non‑discretionary portfolio management, financial planning and business consulting. As of December 31, 2025, the firm reported about $48.9 million in discretionary assets under management and advises on roughly $15.1 million in additional non‑discretionary assets for a combined total near $64.0 million.
The firm builds customized portfolios using asset allocation, diversified exposures to mutual funds and ETFs, and a mix of quantitative and fundamental analysis, leveraging third‑party research (including Morningstar) and, when appropriate, sub‑advisers. DBA offers multiple service models — wealth management, a self‑directed advice offering, retainer arrangements and a third‑party model‑portfolio platform — and monitors portfolios for suitability and rebalancing on a regular schedule.
DBA’s brochure discloses several activities that are less common for a team-sized adviser: it advises certain pooled investment vehicles, may serve as a sponsor/general partner through an affiliated capital entity, and may enter performance‑based fee arrangements with qualified pooled‑vehicle investors; the brochure also outlines procedures for mitigating related conflicts and custody arrangements (independent custodians and audited fund financials). The firm is affiliated with an accounting services entity and is a wholly owned subsidiary of a parent company with concentrated ownership, and these affiliations — along with the private‑fund and performance‑fee activities — are presented as separately disclosed services that the firm says it manages through policies, disclosures and compliance procedures.
Client services
Expertise
Occupation focus
Fee options
Financial planning flat fees range from $100 to $5,000; Private Client Retainer minimum $5,000 per annum.
$0 - $1,000,000: 1.50% $1,000,000 - $2,000,000: 0.50% $2,000,000 - $3,000,000: 0.25% $3,000,000 - $4,000,000: 0.20% $4,000,000 - $5,000,000: 0.15% $5,000,000+: 0.10%
Registered representatives and insurance agents earn commissions separate from advisory fees.
Associate: $100/hr; Director: $150/hr; Senior Director: $200/hr; Principal/Partner: $250/hr.
Performance-based fees may be charged for certain pooled investment vehicles (private funds) with individualized negotiated terms; not charged for individual clients.
Private Client Retainer accounts billed quarterly in four equal installments; minimum $5,000 annually.
Account minimum: $500,000 Minimum fee: Minimum $500 annual fee for Brokerage Account under Self-Directed Accounts; Retainer accounts minimum $5,000 per annum; Minimum $500,000 Total Household NAV for Retainer accounts. Fee-only: General financial planning billed hourly or fixed fee; hourly rates $100-$250 per hour; fixed fees $100-$5,000.
Main office
2200 E. Sunshine St., Suite 324
Springfield MO 65804
Advisors at this office
4
Most active in
Missouri · Nebraska
Also doing business as
Db Advisors · Douglas Bagwell & Co., LLC · Douglas Bagwell Capital, LLC · Douglasbagwell & Co. · Douglasbagwell Corp.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
William B
Series 63, Series 66
Springfield, MO
DB Advisors
William Bryan Jr. is a financial advisor with DB Advisors in Springfield, MO, holding Series 63 and Series 66 licenses and bringing 23 years of industry experience. He has been with Douglas Bagwell & Co. since 2016. In addition to his advisory role, he operates as an independent insurance agent providing life and health insurance products on a limited basis. DB Advisors serves individual clients, retirement plan participants, trusts, estates, charitable organizations, and other institutional entities with portfolio management, financial planning, and business consulting. The firm uses customized asset allocation strategies incorporating mutual funds, ETFs, and both quantitative and fundamental analysis, and offers multiple service models tailored to client needs.
Christopher L
Series 63, Series 66
Springfield, MO
DB Advisors
Christopher Lewis is a financial advisor at DB Advisors with 21 years of industry experience. He holds Series 63 and Series 66 licenses and has worked at Douglas Bagwell & Co., LLC since 2008, as well as Scottrade, Inc. from 2008 to 2018. DB Advisors is a state-registered investment adviser managing approximately $45.4 million in discretionary assets for about 136 clients. The firm offers wealth management, portfolio management, financial planning, and employer-sponsored plan advice, utilizing diversified portfolios constructed with mutual funds, ETFs, and quantitative screening supported by third-party research.
Douglas B
Series 65, Series 66
Springfield, MO
DB Advisors
Douglas Bagwell is a financial advisor with DB Advisors in Springfield, MO, holding Series 65 and Series 66 licenses and 21 years of industry experience. He has led Douglasbagwell Corp. since 2005. DB Advisors is a state-registered investment adviser managing approximately $45.4 million in discretionary assets for about 136 clients. The firm offers wealth management, portfolio management, financial planning, and employer-sponsored plan advice, utilizing diversified portfolios constructed with mutual funds, ETFs, and third-party research.
Terry B
Series 63, Series 65
Springfield, MO
DB Advisors
Terry Blair is a financial advisor at DB Advisors with 28 years of industry experience. He holds Series 63 and Series 65 licenses and previously worked at Waddell & Reed from 1998 to 2009. In addition to his advisory role, he has been an independent insurance agent providing life and health insurance since 2009. DB Advisors serves individual clients, retirement plan participants, trusts, estates, charitable organizations, and other institutions with portfolio management, financial planning, and business consulting. The firm offers customized portfolios using diversified asset allocation and combines quantitative and fundamental analysis, managing approximately $64 million in combined discretionary and non-discretionary assets.
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