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Updated September 23, 2026. Quick answer: It depends which strategy you pick: D.A. Davidson Wrap Fee Programs (11 programs share the 1.85% ceiling) runs from $5,000 to $1,000,000, depending on the specific strategy or model portfolio. At the $5,000 low end, D.A. Davidson & Co.’s own fee schedule works out to $92.50 a year; strategies at the high end require substantially more.
The minimum, in the firm’s own words
“Participation in each of the Programs is subject to the below initial minimum account size requirements and any minimum maintenance requirements determined in D.A. Davidson’s sole discretion. Minimum account sizes vary by Program and may vary depending on the type of portfolio selected for the client’s account.”
Minimum investment and what it would cost
| Program | Minimum investment | Annual fee at that minimum | Waivable? |
|---|---|---|---|
| D.A. Davidson Wrap Fee Programs (11 programs share the 1.85% ceiling) (lowest-minimum strategy) | $5,000 | $92.50 | No stated waiver |
| D.A. Davidson Wrap Fee Programs (11 programs share the 1.85% ceiling) (highest-minimum strategy) | $1,000,000 | Varies by strategy | No stated waiver |
| Source: D.A. Davidson & Co. Wrap Fee Program Brochure, Part 2A Appendix 1 of Form ADV, July 30, 2026 | |||
The $5,000 low end (D.A. Davidson’s MFP and Paragon programs) at the firm’s disclosed 1.85% ceiling: $5,000 x 1.85% = $92.50.
D.A. Davidson & Co.’s own fee schedule at other balances
| Account balance | Annual fee |
|---|---|
| $250,000 | $4,625 |
| $500,000 | $9,250 |
| $1,000,000 | $18,500 |
| $2,000,000 | $37,000 |
What else to know
D.A. Davidson runs 11 separately named wrap programs sharing the same 1.85% fee ceiling, with minimums ranging from $5,000 (its MFP and Paragon programs) up to $1,000,000 (its UMA Guided program).
What a larger account would cost
The minimum is only the entry point. On a $500,000 account, D.A. Davidson & Co.’s own published fee schedule runs up to $9,250 a year (the published maximum, which the firm says is negotiable); see the full dollar breakdown from D.A. Davidson & Co.’s own fee disclosure across several account sizes.
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- D.A. Davidson & Co. Wrap Fee Program Brochure, Part 2A Appendix 1 of Form ADV (July 30, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053418
- SEC Investment Adviser Public Disclosure, D.A. Davidson & Co. (CRD #199): https://adviserinfo.sec.gov/firm/summary/199
- D.A. Davidson & Co., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/199/PDF/199.pdf
Methodology. This page was built September 23, 2026, quoting directly from D.A. Davidson & Co.’s own current Form ADV Part 2A / wrap-fee brochure, with the source linked above. The annual-fee-at-the-minimum figure applies that same brochure’s own published fee schedule to the disclosed minimum dollar amount; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form ADV Part 2A. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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