Despain Investment Solutions, Ltd.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
DesPain Investment Solutions, Ltd. provides financial planning and portfolio management primarily to individuals, retirement plans, trusts and business entities, with a stated specialization in comprehensive retirement planning. The firm offers written and hourly financial plans and ongoing advisory services tailored to client goals and risk tolerance.
The firm manages client portfolios on a non‑discretionary basis, requiring client approval before trades and describing its analysis as both fundamental and technical, with strategies that include long‑ and short‑term purchases and asset allocations ranging from conservative to moderately aggressive. Prior to recommending investments, the adviser gathers detailed financial information to set suitability guidelines and monitors accounts on an ongoing basis while encouraging periodic plan updates.
DesPain is notable among peers for its personnel affiliations with a broker‑dealer (Saxony Securities), with supervised persons who are registered representatives and who may offer commissionable securities and insurance products such as variable annuities and variable life insurance; the brochure discloses this relationship and notes clients are not required to use the affiliated broker‑dealer. The firm also emphasizes practitioner credentials in retirement planning (a CFP® designation and a master’s specialization) and generally requires a $25,000 minimum for portfolio management.
Client services
Expertise
Fee options
$25,000 - $100,000: 1.50% $100,001 - $250,000: 1.25% $250,001+: 1.00%
$150 per hour for financial planning services and specific securities advice
Account minimum: $25,000
Main office
502 West Main Street
Collinsville IL 62234-3019
Advisors at this office
1
Most active in
Illinois
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:
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.
Is not active or affiliated with:
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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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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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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
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