BDL Wealth Management PLLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
BDL Wealth Management provides discretionary portfolio management and investment planning for individual and high-net-worth clients, preparing tailored investment policy statements for each household. The firm implements its advice primarily through ETFs and mutual funds and charges asset-based advisory fees.
BDL generally pursues a passive, index-oriented investment approach informed by modern portfolio theory and fundamental analysis, emphasizing low turnover and long-term holdings (including exposure to gold and other precious-metal ETFs). Portfolios are reviewed at least quarterly and managed under stated fiduciary procedures.
The firm is affiliated with the principals’ accounting practices: the firm’s owners operate separate CPA/accounting firms and periodically offer tax and accounting services to clients, devoting a material portion (approximately 25% of non-trading time) to those activities, which the brochure identifies as a potential conflict of interest while noting clients may engage other accountants. With two advisors serving a small client base (about 18 clients) and no stated account minimum, BDL operates on a compact, client-focused scale that can result in more direct advisor access than larger peers.
Client services
Expertise
Fee options
$0 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.80% $2,000,001+: 0.75%
Main office
404 North 31st St, Suite 125
Billings MT 59101
Advisors at this office
2
Most active in
Montana · Washington
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Seth B
PFS™
Billings, MT
BDL Wealth Management PLLC
Seth Blades is a financial advisor at BDL Wealth Management PLLC in Billings, MT, holding the PFS™ designation with one year of industry experience. Prior to joining BDL Wealth Management in 2024, he operated his own accounting firm, Seth H. Blades CPA PC, since 2017 and worked at Summers McNea from 2012 to 2017. He continues to provide tax planning and accounting services through his CPA firm. BDL Wealth Management PLLC offers discretionary portfolio management primarily to individual and high-net-worth clients, focusing on passive, index-based allocations using ETFs and mutual funds. The firm integrates fundamental analysis and modern portfolio theory while emphasizing low turnover and conducts regular account reviews, combining advisory services with affiliated tax and accounting offerings.
David D
PFS™
Billings, MT
BDL Wealth Management PLLC
David Dernbach is a financial advisor at BDL Wealth Management PLLC in Billings, MT, holding the PFS™ designation with over 16 years of experience in accounting and wealth management. He also owns and operates Dernbach & Associates, PLLC, a CPA firm providing tax planning and accounting services. BDL Wealth Management PLLC offers discretionary portfolio management primarily to individual and high-net-worth clients, focusing on passive, index-based portfolios constructed from ETFs and mutual funds. The firm integrates its affiliated accounting services into its advisory model and conducts regular portfolio reviews to ensure alignment with client goals.
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