D.B. Wealth Management Group, LLC (San Diego)

Name: D.B. Wealth Management Group, LLC
Address: 1450 Frazee Road, San Diego, CA, 92108 4340
Telephone: 619.497.0404

D.B. Wealth Management Group, LLC is a large advisory firm based in San Diego. It manages $139.92 million of regulatory assets for 251 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Nebraska, and Texas.

D.B. Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

D.B. Wealth Management Group: assets under management

The assets under management (AUM) of D.B. Wealth Management Group, LLC is $139.92 million. The firm's AUM has grown by 37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $137.93 million in discretionary accounts and $1.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $556.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $663.2 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 38% of the total AUM. The second-largest asset type is other assets, which make up 25% of the firm’s portfolio. Investments in non-exchange traded securities form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay D.B. Wealth Management Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients D.B. Wealth Management Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of D.B. Wealth Management Group is high net worth individuals with 42 clients and $74.39 million of assets under management. Among the 10 most similar advisory firms, D.B. Wealth Management Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $139.92 million for 252 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.

D.B. Wealth Management Group doesn't advise any private funds.

Careers at D.B. Wealth Management Group, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeanne Ann Bradfordodorico	Member/chief compliance officer	1 Jan 1996	50% - 75%	1258060
Jeanne Ann Bradfordodorico	Principal, chief compliance officer & co-owner (50%)	1 Jan 2012	50% - 75%	1258060
Michael Kevin Donohue	Member	1 Feb 2012	50% - 75%	1719933

Based in San Diego

The principal office where D.B. Wealth Management Group, LLC performs its advisory services is located at 1450 Frazee Road, San Diego, CA 92108 4340, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 619.497.0404 or by fax 619.497.0804. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at dbwmg.com.