BDL Wealth Management PLLC

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Client assets under management

$5,644,600

Clients

6% high-net-worth

Advisors

of 2 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

Very Low

Average account size

$313,589

About

BDL Wealth Management PLLC provides discretionary portfolio management to individual and high‑net‑worth clients, creating written Investment Policy Statements that reflect each client’s goals, time horizon, and risk tolerance. The firm generally constructs portfolios from ETFs and mutual funds — including ETFs focused on gold and precious metals — and favors passive, index‑based allocations intended for long‑term holding.

BDL applies fundamental analysis and modern portfolio theory while seeking to minimize turnover and trading costs, and it conducts at least quarterly reviews of client accounts to monitor alignment with client objectives. The firm requires client accounts to be custodied at Schwab Institutional for execution and custody, and it issues quarterly custodian statements alongside its own reports.

A notable characteristic is that the firm’s principals operate affiliated accounting firms and offer tax planning and accounting services to clients, an arrangement the brochure discloses as a potential conflict of interest; the advisers state they devote about 25% of non‑trading time to those accounting activities. Founded in 2024 and managing a small client base with a compact advisory team, the firm combines that accounting affiliation with a hands‑on advisory model that differs from many larger peers.

Client services

Portfolio management

Expertise

Passive / index investing Wealth management

Fee options

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.80% $2,000,001+: 0.75%

Main office location

BDL Wealth Management PLLC

404 North 31 St St, Suite 125

Billings MT 59101, United States

Number of offices

Most active in

Montana · Washington

Disclosures

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:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

Website 406-694-1898

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.

Passive / index investing Wealth management

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.

Passive / index investing Wealth management

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