Yes, we are Fiduciaries and are legally bound to put our client’s interests first.
A broker/dealer is a company that a registered investment professional is required to affiliate with in order to buy and sell investment products on behalf of investors. The Securities and Exchange Commission (SEC) delegates the supervision of financial advisors to the Financial Industry Regulatory Authority (FINRA). FINRA, in turn, requires us to choose a broker/dealer to partner with on your behalf. We partner with Commonwealth Financial Network® (Commonwealth), an independent broker/dealer–RIA based in Waltham, Massachusetts.
Discretion simply means that we have the authority to decide what should be done in the best interest of the client. This gives us the authority to choose the investments. We are not able to make any withdrawals from your account, except for the quarterly asset management fee. Some employers require their financial advisor to maintain discretion to avoid any potential conflicts of interest with the insider information that may be available at their workplace.
Yes, with your prior approval, we are able to send regular communications to a third party (i.e., your employer’s compliance department) on all account activity.
We do not prepare tax returns, draft legal documents, or provide custodial services to our clients; however, we do work closely with our clients’ other professional advisors that perform these services.
Statements are mailed out monthly by NFS. You can choose to receive them via e-mail instead. Your portfolio summary and statements are available at all times on our Investor360°® portal.
We are a fee-based advisory firm. We charge asset management fees that are debited from your managed account on a quarterly basis for investment advice. Our advisory fee is transparent and listed clearly on each account statement. We also charge Wealth Management Consulting fees for services you require to address goals that fall outside the realm of basic portfolio design and ongoing investment management.
The partners of DLFG have a buy-sell agreement in place in case one of the partners dies or becomes disabled.
Some clients prefer to go over everything once per year. Others are looking for more frequent appointments. In general, we meet with clients as often as they prefer. That being said, 90 percent of our clients choose an annual review with frequent e-mail/phone updates and social gatherings throughout the year.
Information is distributed via e-mail, our website, e-newsletters, social media sites like Facebook and LinkedIn, and attendance at our events.
Two. We tend to buy and hold through all markets and stay true to our client models and sectors; however, periodically, we do see opportunities in a particular investment or sector that we feel represent a strong buying opportunity. In some instances, we may decide to put a small portion of a client’s portfolio in those opportunistic investments.
NO—there is never a charge for an initial, introductory meeting.
Yes, we can provide a list of references upon request.
If you appreciate hands-on management, frequent communication, and the very best customer service, we could be a great fit for you. Our clients value our non-transactional, educational, and relationship-based approach.
We will gladly work closely with your CPA, attorney, and other professional advisors. Additionally, we have our own list of preferred providers that we consistently consult on client questions and issues.