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Carlson Investments

Carlson Investments. CRD 105729

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CRD: 105729

Carlson Investments

$735.5M Total AUM
$735.5M Disc. AUM
-- 3Y CAGR
14 Employees
360 ADV. Clients
37 yrs Firm Age

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Firm Details

Custodian
Charles Schwab & Company · Comerica Bank · Fidelity/NFS
Clients
Retail and Institutional
Established Date
04-01-1989
Office Locations
1

Office Locations

TWO Capital Plaza Suite 404 Concord NH

About Carlson Investments

Carlson Investments is an independent, fee-only RIA founded in 1989 and employee-owned. The firm pairs financial planning with portfolio management guided by proprietary research and a risk/reward mindset across public markets, including ETF-based equity exposure and fixed income. Clients work with seasoned portfolio managers (20+ years’ experience) and a high-touch service model that supports long-tenured relationships.

Reported data analysis

What the numbers show

Between June 11, 2025 and August 25, 2026, reported AUM increased 5.9%, from $694.6M to $735.5M.

Across 5 reported observations, AUM decreased 10.8% between June 28, 2022 and August 25, 2026, from $825.0M to $735.5M.

Of the latest reported AUM, 100.0% is discretionary and 0.0% is non-discretionary.

The firm reports 8 advisory representatives and 360 clients, or 45 clients per representative. That equates to $2.0M in reported AUM per client.

The profile lists 1 reported office location and 37 years in operation. The source data was last updated on August 25, 2026. Figures reflect reported regulatory data and may not include subsequent changes.

Team overview

48 AVG AGE
$91.9M AVG AUM / ADVISOR
$2.0M AVG AUM / CLIENT
12.6 yrs AVG TENURE
14 Employees
8 Advisory Reps
6 RIA Reps
37yrs Firm Age

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Available data coverage

  • Asset Classes
  • Client Personas
  • Custodian
  • Investment Themes
  • Investment Vehicles
  • Services
  • Technology

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Owner & Executives

JAMES ROGER MULLINS

JAMES ROGER MULLINS

Chief Compliance Officer, DIRECTOR, President

CRD
#4067197
Ownership
50% but less than 75%
DAVID LITTLEFIELD CARLSON

DAVID LITTLEFIELD CARLSON

Chairman, Owner

CRD
#1956933
Ownership
25% but less than 50%

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Contacts

Daniel F Bednarczyk

Daniel F Bednarczyk

Portfolio Manager

CRD
#7304546
J

JOSEPH MICHAEL DRINON

--

CRD
#72053

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Assets Under Management

Total AUM
Discretionary
Non-Discretionary
06-28-2022
10-18-2023
09-05-2024
06-11-2025
08-25-2026
Category Assets AVG. Account size
Discretionary $735,526,470 $823,658
Non-Discretionary $0 --
Total $735,526,470 $823,658

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Separately Managed Accounts

SMA allocation detail is available

Carlson Investments has reported separately managed account data across 7 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.

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13F Holdings | Q2 2026

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Carlson Investments's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.

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