# Theodore Schumann

> Theodore Schumann is a fee-only financial advisor at The DBS Companies in Bay City, Michigan, who holds the CFP credential. Theodore focuses on physicians & residents, retirement planning and student loans. The DBS Companies reports charging a percentage of assets and hourly fees on its Form ADV.

Page: https://find.wellspent.co/advisors/theodore-schumann/
Built from SEC adviser records and the firm's website; last checked October 30, 2026.

## Facts

- **Firm:** The DBS Companies
- **Based in:** Bay City, Michigan
- **Fee model (firm's Form ADV):** Percentage of assets; Hourly
- **Assets under management (firm):** $280.2M across 973 accounts
- **Credentials:** CFP
- **Specialties:** Physicians & residents, Retirement planning, Student loans, Small business owners
- **Works with:** Physicians, Retirees
- **CRD:** 5103648 (https://adviserinfo.sec.gov/individual/summary/5103648)
- **SEC registration:** Investment adviser representative in MI, TX
- **Exams passed:** Series 65 (2010)
- **Firm size:** 8 employees
- **Disclosures:** None reported
- **Website:** http://www.thedbscompanies.com

## Frequently asked questions

### Is Theodore Schumann a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Theodore holds no broker registration, and The DBS Companies reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Theodore charge for financial advice?

Theodore's firm, The DBS Companies, reports charging a percentage of assets and hourly fees on its SEC Form ADV.

### Where is Theodore Schumann based?

Theodore Schumann is based in Bay City, Michigan.

### What does Theodore specialize in?

Theodore's specialties include physicians & residents, retirement planning, student loans and small business owners. Theodore works with physicians and retirees.

### What credentials does Theodore Schumann hold?

Theodore Schumann holds the CFP credential.

### Is Theodore Schumann registered with the SEC?

Yes. Theodore Schumann is registered as an investment adviser representative in MI and TX (CRD 5103648), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does The DBS Companies manage?

The DBS Companies reports $280.2M across 973 accounts in assets under management.

### How do I contact Theodore Schumann?

Through Theodore's website, www.thedbscompanies.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/5103648): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026
- The firm's website (https://thedbscompanies.com/): specialties, clients served, and fees, checked October 30, 2026

---

Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.