Des Moines Investments, LLC logo

Des Moines Investments, LLC

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Client assets under management

$246,000,000

Clients

700

11% high-net worth

Advisors

3

of 4 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

233

Very High

Average account size

$351,429

About

Des Moines Investments is an SEC-registered investment adviser managing roughly $264.8 million in discretionary assets for about 700 clients, including individuals, custodial accounts, business owners, and trusts. The firm provides ongoing portfolio management and financial planning services that can address topics such as retirement, insurance, taxes, and estate planning.

The firm constructs individualized investment profiles based on goals, time horizon, risk tolerance, and tax considerations, and implements discretionary portfolios using ETFs, stocks, bonds, mutual funds and REITs. Reviews are typically conducted quarterly or when new funds arrive, the firm says it takes a forward-looking market stance and uses Charles Schwab for custody and Redtail for client records and documentation.

Notably, Des Moines Investments operates with an unusually high client-to-advisor ratio (about 200+ clients per advisor) and discloses that its supervised persons are licensed insurance agents who receive commissions for life, disability, and long-term care products—an acknowledged conflict of interest; the brochure also notes one supervised person became a licensed Iowa insurance agent in January 2025. The firm additionally offers separate tax-preparation services through a registered tax practitioner and documented its transition to SEC registration after assets exceeded state thresholds, together with a prior Missouri registration matter disclosed in the brochure.

Client services

Portfolio management

Expertise

Life insurance needs analysis Disability insurance Long-term care insurance

Occupation focus

Founder/Business Owner

Fee options

Percentage

1.00% annually to 0.80% annually (negotiable, starting at 1.00% for new accounts, decreasing for larger accounts)

Commissions

Commissions from insurance-related business activities (term life, disability, long-term care insurance) separate from advisory fees.

Main office location

Des Moines Investments, LLC

2 East Army Post Rd, Suite 2

Des Moines IA 50315-5821, United States

Number of offices

1

Most active in

Arizona · California · Florida · Iowa · Minnesota · Missouri · Nebraska · Texas

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

Matthew K

Series 63, Series 65

Urbandale, IA

Des Moines Investments, LLC

Matthew Kimberley is a financial advisor with Des Moines Investments, LLC, holding Series 63 and Series 65 licenses and over 30 years of industry experience. He previously worked at Des Moines Wealth Management LLC and Royal Alliance Associates, INC. Kimberley also operates Kimberley Tax Preparation, providing tax preparation services. Outside of finance, he coaches youth softball, offering private lessons in pitching and hitting. Des Moines Investments manages approximately $264.8 million in discretionary assets for around 700 clients, including individuals, business owners, and trusts. The firm offers portfolio management and financial planning services, creating tailored investment profiles and utilizing a range of securities such as ETFs, stocks, bonds, mutual funds, and REITs.

Life insurance needs analysis Disability insurance Long-term care insurance Founder/Business Owner
user avatar

David H

CFP®, ChFC®, Series 63

Des Moines, IA

Des Moines Investments, LLC

David Harkin is a CFP® and ChFC® with 30 years of industry experience. He is affiliated with Des Moines Investments, LLC and has worked at Cambridge Investment Research, Inc. and Fort Des Moines Financial Services, Inc. for the past 20 years. Outside of his advisory roles, he is involved with John Well's Farm. Des Moines Investments manages approximately $264.8 million in discretionary assets for around 700 clients, including individuals, custodial accounts, business owners, and trusts. The firm provides portfolio management and financial planning services, constructing individualized investment profiles and implementing portfolios using ETFs, stocks, bonds, mutual funds, and REITs.

Life insurance needs analysis Disability insurance Long-term care insurance Founder/Business Owner
user avatar

Dillon K

Series 65

Des Moines, IA

Des Moines Investments, LLC

Dillon Kimberley is a financial advisor at Des Moines Investments, LLC with a Series 65 designation and one year of industry experience. Prior to joining Des Moines Investments in 2023, he worked at Shelter Insurance for two years. Des Moines Investments is an SEC-registered investment adviser managing approximately $265 million in discretionary assets for around 700 clients, including individuals, custodial accounts, business owners, and trusts. The firm provides portfolio management and financial planning services tailored to clients' goals, risk tolerance, and tax considerations.

Life insurance needs analysis Disability insurance Long-term care insurance Founder/Business Owner
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