DRS Wealth Management offers investment solutions through managed portfolios, third-party asset managers, and financial planning. They work with clients to identify goals and develop tailored strategies. DRS has discretionary authority over client investment accounts, meaning they can make trades without specific client consent, subject to client-set restrictions. DRS also offers non-discretionary investment recommendations for assets held away at other institutions. Financial planning is included as a value-added service.
Fee Structure
DRS Wealth Management's fee for investment advisory services ranges from 0.75% to 1.75% of the value of your portfolio annually. The specific fee is negotiated based on factors like portfolio size and complexity. Fees are paid monthly, based on the account value at the end of the previous month. DRS may use third-party asset managers, and their fees are in addition to DRS's fee. DRS will lower its fee to keep overall client fees as stipulated by contract.