Dlg Wealth Management LLC (Clifton Park)

Name: Dlg Wealth Management LLC
Address: 1795 Route 9, Clifton Park, NY, 12065
Telephone: 518-348-0060

Dlg Wealth Management LLC is a mid-sized advisory firm based in Clifton Park. It manages $68.12 million of regulatory assets for 326 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Colorado, Connecticut, Florida, and 6 other states.

Dlg Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dlg Wealth Management: assets under management

The assets under management (AUM) of Dlg Wealth Management LLC is $68.12 million. The firm's AUM has grown by 155% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $39.25 million in discretionary accounts and $28.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $191.2 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dlg Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Dlg Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Dlg Wealth Management is high net worth individuals with 71 clients and $34.79 million of assets under management. Among the 2 most similar advisory firms, Dlg Wealth Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $64.96 million for 323 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Dlg Wealth Management doesn't advise any private funds.

Careers at Dlg Wealth Management LLC

The company employs 13 people that are either part- or full-time employees. 77 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Llc Quaestus Holdings joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Gregory Guzzetti	Chief compliance officer, managing member	1 Jul 2009	50% - 75%	1222508
Brian Todd Mayer	Member	1 Jul 2009	25% - 50%	2640631
Ryan Christopher Rogers	Member	1 Jul 2009	Other	2498548
Philip S. Rabinovich	Member	1 Jul 2009	Other	3232299
Andrew Gregory Guzzetti	Chief compliance officer, managing member	1 Dec 2013	75% - 100%	1222508
Wendy Sue Elliott	Chief compliance officer	1 Nov 2015	75% - 100%	5790567
Wendy Sue Elliott	Chief executive officer/chief compliance officer	1 Jan 2018	Other	5790567
Llc Quaestus Holdings	Owner	1 Jan 2018	75% - 100%	47-5452660

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Scott Alan Weisman	Equity holder of pterodactyl holdings	1 Apr 2010	75% - 100%	2367813
Pterodactyl Holdings	Equity holder of quaestus holdings, llc	1 Jun 2017	25% - 50%	27-2351938
Joseph Albert Leo	Equity holder of quaestus holdings, llc	1 Jan 2018	25% - 50%	4988004
Scott Alan Weisman	Equity holder of quaestus holdings, llc	1 Jan 2018	75% - 100%	2367813

Based in Clifton Park

The principal office where Dlg Wealth Management LLC performs its advisory services is located at 1795 Route 9, Clifton Park, NY 12065, which is also the mailing address of the firm. An additional office of the firm is in Utica, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-348-0060 or by fax 518-348-0107. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at dlgwealthmanagement.com.