D & G Advisory Group, L.L.C.

The firm provides investment management and financial planning primarily for individual and high-net-worth clients and also works with retirement accounts, trusts, estates, charitable organizations, and certain business entities. Services described in the brochure include portfolio management, retirement and college planning, tax and estate planning, long-term care planning, and implementation of insurance and annuity products.

The investment approach emphasizes value investing with a long-term horizon while also employing short-term purchases, option writing, and margin transactions when appropriate; the firm uses fundamental, technical, cyclical and charting analyses and actively manages client accounts without outsourcing. Portfolios are tailored to a client’s investor profile, reviewed at least quarterly, and discretionary authority is available if clients choose to grant it.

What is noteworthy relative to many peers is that several advisors are licensed insurance agents and the firm offers both fee-based and commission-based annuities through its custodian, with the brochure disclosing that advisors may earn commissions and that commission-based products are not subject to the firm’s advisory fee. The brochure also discloses an interested-party arrangement with the custodian, receipt of 12b‑1/shareholder servicing fees, participation in the custodian’s securities lending program, and receipt of discounted research and services — all identified as potential conflicts the firm manages through disclosures and policies.