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DB Advisors

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Client assets under management

$48,879,204

Clients

134

0% high-net worth

Advisors

4

of 4 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

More info

Clients per advisor

34

Low

Average account size

$364,770

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

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

General retirement planning Wealth management Tax strategies for small businesses Business ownership considerations Charitable giving & philanthropy

Occupation focus

Executive Founder/Business Owner

Fee options

Fixed

Financial planning flat fees range from $100 to $5,000; Private Client Retainer minimum $5,000 per annum.

Percentage

$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%

Commissions

Registered representatives and insurance agents earn commissions separate from advisory fees.

Project-based

Associate: $100/hr; Director: $150/hr; Senior Director: $200/hr; Principal/Partner: $250/hr.

Performance-based

Performance-based fees may be charged for certain pooled investment vehicles (private funds) with individualized negotiated terms; not charged for individual clients.

Subscriptions

Private Client Retainer accounts billed quarterly in four equal installments; minimum $5,000 annually.

Other

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 location

DB Advisors

2200 E. Sunshine Street, Suite 324

Springfield MO 65804, United States

Number of offices

1

Most active in

More info

Missouri · Nebraska

Disclosures

More info

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

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

Facebook Website (417) 763-3307

Advisors at this firm

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user avatar

William B

Series 63, Series 66

Springfield, MO

DB Advisors

William Bryan is a financial advisor with DB Advisors in Springfield, MO, holding Series 63 and Series 66 licenses and bringing 22 years of industry experience. He has worked at Douglas Bagwell & Co. since 2016. Outside of his advisory role, he is also an independent insurance agent providing life and health insurance products on a limited basis. DB Advisors manages approximately $45.4 million in discretionary assets and serves 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.

General retirement planning Wealth management Tax strategies for small businesses Business ownership considerations Charitable giving & philanthropy Executive Founder/Business Owner
user avatar

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.

General retirement planning Wealth management Tax strategies for small businesses Business ownership considerations Charitable giving & philanthropy Executive Founder/Business Owner
user avatar

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.

General retirement planning Wealth management Tax strategies for small businesses Business ownership considerations Charitable giving & philanthropy Executive Founder/Business Owner
user avatar

Terry B

Series 63, Series 65

Springfield, MO

DB Advisors

Terry Blair is a financial advisor at DB Advisors with 27 years of industry experience. He holds Series 63 and Series 65 licenses and has worked as an independent insurance agent since 2009. Blair also provides financial advising, financial planning, and asset management through Douglasbagwell & Co. 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, and financial planning services, utilizing diversified portfolios that include mutual funds, ETFs, and third-party research.

General retirement planning Wealth management Tax strategies for small businesses Business ownership considerations Charitable giving & philanthropy Executive Founder/Business Owner
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