Detterbeck Wealth Management
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About
Detterbeck Wealth Management is an SEC-registered wealth manager that serves individuals (including high-net-worth clients), plan participants, trusts, estates and business entities. The firm offers investment management and financial planning services, with a Total Wealth Management program for clients with portfolios generally above $1,000,000 and standalone special-project business consulting engagements.
The firm’s investment process follows a Core & Satellite approach that uses low-cost passive mutual funds and ETFs for core equity and fixed-income exposure and a satellite sleeve of liquid alternatives to seek non-correlated returns; portfolio management emphasizes regular rebalancing, tactical style weighting, and daily monitoring. Financial planning follows a CFP six-step process and the firm describes using an in-house quantitative research process to screen funds for its Liquid Alternatives model.
Noteworthy distinctions disclosed in the brochure include that a principal of the firm is a Certified Public Accountant who holds an ownership stake in an accounting firm, and the brochure acknowledges the potential conflict of interest if clients are referred for CPA services. The firm also discloses the use of client testimonials in advertising (an uncommon practice among similar supported firms) and recently revised its client programs—ending an Emerging Investor offering and setting a $1,000,000 minimum for its Total Wealth Management service.
Client services
Expertise
Occupation focus
Fee options
Fixed fees from $3,000 to $10,000 for one-time financial planning services
$1,000,000 - $1,999,999: 1.00% $2,000,000 - $2,999,999: 0.90% $3,000,000 - $3,999,999: 0.80% $4,000,000 - $4,999,999: 0.70% $5,000,000+: Negotiable
$200 to $500 per hour
Account minimum: $1,000,000 Fee-only: Annual retainer fee $3,000 to $10,000 (billed monthly or semi-annually); Hourly fee $200 to $500; Fixed fees $3,000 to $10,000 for one-time planning services
Main office
See office110 N. Brockway, Suite 330
Palatine IL 60067
Advisors at this office
1
Offices (2)
Most active in
Colorado · Florida · Illinois · Louisiana · New Hampshire · North Carolina · South Carolina
Also doing business as
Detterbeck Wealth Management · Detterbeck Wealth Management Inc · Dwm Financial Group, Inc.
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.
Quick links
Advisors at this firm
Lester D
CFP®, CFA®, Series 63, Series 66
Mt. Pleasant, SC
Detterbeck Wealth Management
Lester Detterbeck III is a CFP® and CFA® with 26 years of industry experience. He has been with Detterbeck Wealth Management since 1999 and is also chairman of the accounting firm Detterbeck, Johnson & Monsen, a role he has held since 1976. Detterbeck Wealth Management is a small SEC-registered firm based in Mt. Pleasant, SC, managing approximately $252 million. The firm serves individuals, trusts, estates, and business entities, offering discretionary investment management and comprehensive financial planning with a Core & Satellite investment approach that combines low-cost passive allocations and actively managed satellite exposures.
Brett D
CFP®, CFA®, Series 66
Palatine, IL
Detterbeck Wealth Management
Brett Detterbeck is a CFP®, CFA®, and Series 66-registered advisor with 24 years of industry experience. He has been with Detterbeck Wealth Management since 2000, where he is part of a three-advisor team based in Palatine, IL. Detterbeck Wealth Management is a small SEC-registered firm managing approximately $252 million for individuals, trusts, estates, and business entities. The firm employs a Core & Satellite investment approach combining low-cost passive core allocations with actively managed satellite exposures and offers discretionary investment management alongside comprehensive financial planning services.
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