Firm Information
Compensation
Fee-Only (AUM)Fixed/HourlyFirm Size
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $2.0M | 1.00% |
| $2.0M - $3.0M | 0.90% |
| $3.0M - $4.0M | 0.80% |
| $4.0M - $5.0M | 0.70% |
| $5M+ | 0.70% |
Fees negotiable for accounts over $5,000,000.
Fee Estimator
Detterbeck Wealth Management charges an annual fee based on assets under management. For Total Wealth Management, a minimum of $1,000,000 is required. For the DWM Emerging Investor Program, the minimum is $200,000. Fees are negotiable and charged quarterly in advance. They also offer financial planning services on an annual retainer fee ($3,000 to $10,000) or hourly fee ($200 to $500) basis. Fixed fees for one-time planning services range from $3,000 to $10,000.
Areas of Practice
Advisor Information
Office location
110 N. Brockway, Suite 330, Palatine, IL, 60067
Get directionsContact
Lester George DetterbeckRegulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Lester is a CPA and Chairman with Detterbeck, Johnson and Monsen CPA's since 1976 and an independent RIA with DWM Financial Group, Inc since 2000. He is also a limited partner and investor in ROC Investments, LLC, a real estate program, with no compensation.
Employment History
Current Registrations
Detterbeck Wealth Management
Previous Registrations
Quantum Investment Management, LLC
State Registrations1 state
Exams
Additional Information
My wife and I moved to Charleston from Chicago in 2005. Still a die-hard Cub fan-ouch. I spent many years in Chicago as a CPA, helping businesses and their owners grow and prosper. My son Brett and I founded DWM Financial Group in 2000 to go the next step with business owners and other individuals. Our goal: to provide proactive, fee-only wealth management services to help our clients protect and enhance their net worth and legacy. I'm passionate about helping people and adding value. I am also Treasurer and board member of Lowcountry Orphan Relief, which provides clothing to 3,000 orphans each year, and a board member of the Estate Planning Council of Charleston.