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Donald Holt Despain Sr.

Advisor at Despain Investment Solutions, Ltd. — Collinsville, IL

Updated today

Credentials

CFP®, Series 63, Series 65

Experience

40 years

Location

Collinsville, IL 62234-3019

Despain Investment Solutions, Ltd.

Independent

Total advisors

1

Clients per advisor

75 Very High

Avg AUM per client

$386,667 Typical

HNW client ratio

0% Low

About

Donald Despain Sr. is a CFP® professional with 40 years of experience in financial advising. He is the principal of Despain Investment Solutions, Ltd., where he has worked since 1995, and has also held roles at Saxony Securities Inc. since 2020 and Despain Financial Corporation since 1982. Despain Investment Solutions, Ltd. provides financial planning and portfolio management services primarily to individuals, retirement plans, trusts, and business entities, with a focus on comprehensive retirement planning. The firm manages client portfolios on a non-discretionary basis using fundamental and technical analysis and offers written and hourly financial plans tailored to client goals and risk tolerance.

Client services

Based on Despain Investment Solutions, Ltd.

Financial planning Portfolio management

Expertise

Based on Despain Investment Solutions, Ltd.

General retirement planning General tax planning

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Fee options

Percentage

$25,000 - $100,000: 1.50% $100,001 - $250,000: 1.25% $250,001+: 1.00%

Project-based

$150 per hour for financial planning services and specific securities advice

Other

Account minimum: $25,000

Location

Collinsville, IL

502 West Main Street

Collinsville IL 62234-3019

Advisors at this office

1

Most active in

Illinois

Work history

40 years of industry experience

Saxony Securities Inc

2020 - Present • 6 years

St. Louis, MO

Despain Investment Solutions, Ltd.

1995 - Present • 31 years

Collinsville, IL

Despain Financial Corporation

1982 - Present • 44 years

Collinsville, IL

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Blake F

CFP®, Series 66

O'Fallon, IL

Integrated Advisors Network LLC

I specialize in tax, estate, and retirement planning for high-net worth individuals. Rather than leading with products or quick fixes, I starts every relationship by understanding what matters most - your goals, your concerns, and the future you're working toward. I live with my wife and two kids in Aviston, IL and I love playing a round of golf, rooting on the Cardinals, and spending time with my family.

Wealth management Roth conversion strategy General tax planning Multi-generational wealth transfer Retirement income strategy Founder/Business Owner Executive Engineering Professional
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Monica G

Series 63, Series 66

Saint Louis, MO

Integra Wealth Advisors

Monica Gamblin is the principal of Integra Wealth Advisors in Saint Louis, MO, holding Series 63 and Series 66 licenses with 20 years of industry experience. She has worked at The Gamblin Group, LLC since 2012, where she is involved in tax representation, financial advising, and tax preparation. Her prior firms include First Heartland Consultants, Inc., New England Securities, and Edward Jones. Integra Wealth Advisors serves individual clients by providing comprehensive financial planning and tax-related services, with a focus on tax expertise as the principal is an IRS-designated Enrolled Agent. The firm acts as a solicitor to third-party money managers, offers educational seminars, and provides consulting on a fixed-fee or hourly basis rather than managing assets directly.

General tax planning
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Michael P

PFS™, Series 63, Series 65

Saint Louis, MO

Michael Piper, LLC

Michael Piper is a financial advisor and principal of Michael Piper, LLC in Saint Louis, MO. He holds the PFS™ designation and Series 63 and 65 licenses, with three years of industry experience. In addition to his advisory role, Piper is the owner and author of Simple Subjects, LLC, a publishing company he has operated since 2008. He also serves as a volunteer board member for the Bogle Center for Financial Literacy. Michael Piper, LLC is a solo-registered investment adviser providing comprehensive financial planning to individuals, high-net-worth individuals, and small businesses. The firm emphasizes passive investing and strategic asset allocation with a focus on tax efficiency, while clients retain discretion over portfolio implementation.

General retirement planning Retirement withdrawal strategies Roth conversion strategy Social Security optimization Charitable giving tax strategies
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Ethan O

Series 65

St. Louis, MO

Long River Investment Management LLC

Ethan Oetter is a financial advisor with Long River Investment Management LLC in St. Louis, MO, holding a Series 65 designation and eight years of industry experience. He previously served as Chief Investment Officer for Twin Springs Investments, where he continues to provide administrative support on a contract basis. Long River Investment Management LLC offers discretionary investment management primarily through separately managed accounts for individuals, high-net-worth clients, trusts, foundations, corporations, and certain institutional clients. The firm employs a fundamentally oriented investment process with concentrated equity and globally diversified ETF strategies tailored to client risk tolerance and goals.

Active portfolio management Passive / index investing Tax-loss harvesting
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Douglas R

Series 63, Series 65

Collinsville, IL

Saint Louis Investment Advisors Inc

Douglas Ramey is the sole advisor at Saint Louis Investment Advisors Inc., an independent, SEC-registered firm based in Collinsville, IL. He holds Series 63 and Series 65 designations and has 20 years of industry experience, including over two decades at his current firm. Saint Louis Investment Advisors manages approximately $61.5 million for a diverse client base including individuals, high-net-worth clients, institutional accounts, and charitable organizations. The firm employs a strategic asset allocation approach using a core-and-satellite portfolio construction with passive index funds and ETFs as the core and selective active managers as satellites, managing portfolios on a discretionary basis with global diversification.

Active portfolio management Passive / index investing Options & derivatives strategies
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Kyle P

Series 65

St. Louis, MO

Parke Investment Management, Inc.

Kyle Parke is the sole advisor at Parke Investment Management, Inc. in St. Louis, MO, holding a Series 65 credential with 28 years of industry experience. He has led his independent firm since 1993 and has also been associated with Holiday Inn Corp. since 1992. Parke Investment Management serves primarily individual clients through discretionary portfolio management and occasionally provides financial planning at no additional charge. The firm manages a modest asset base for a limited client roster, employing a broad range of investment vehicles and utilizing borrowing and derivatives strategies within separately managed accounts.

Options & derivatives strategies
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