Little Elm, TX Office

Dunham is an SEC-registered investment adviser and a dually registered broker-dealer that provides wealth management to individual and high-net-worth clients through a mix of proprietary mutual funds, wrap fee programs, separately managed accounts (SMAs), standalone investment consulting, and a private fund. The firm also acts as investment adviser to the Dunham Funds and delivers custody, trust, and donor-advised fund services through its affiliated trust company.

The firm’s investment process emphasizes asset allocation and a manager-of-managers approach, with formal quarterly rebalancing by an investment committee and the option to use a proprietary algorithmic rebalancing program (DunhamDC) for program accounts. Dunham offers tailored SMA strategies and a private fund that pursues long-term private equity and related investments, and it employs both fulcrum/performance‑based fee arrangements and conventional asset‑based fees depending on the vehicle.

What is distinctive about Dunham is its combination of business lines and affiliations: it operates mutual funds and a private fund with incentive allocations, sponsors wrap programs and an algorithmic rebalancing tool, and is affiliated with a chartered trust company that provides custodial and trust services. The firm also manages a relatively large client base for its size (over 12,700 clients with 32 advisors) and engages in platform and referral arrangements with other advisers and financial intermediaries and FDIC sweep programs, creating layered service and fee relationships not commonly seen among its multi‑team peers.