Celebrating Our 25th Year of Service and What is Still to Come

 

2019 marks a milestone in our firm’s history. It is as much a landmark for determining our future as it is for celebrating our past. Our firm was launched as D.B. Root & Company in 1994, and for 25 years we have grown amid the many changes within our industry.

 

In technology, the use of websites, smart phones, mobile apps and digital data now move information between clients and their financial advisors in real time. Today we can have face-to-face meetings with clients via video conferencing without leaving our office. Clients have access to their account information with a simple click on our website portal.

 

Another industry change is the increasing emphasis on the client experience. Financial advisors must deliver on the client metrics of satisfaction, ease of access and trust in order to sustain long term relationships. As clients expect more from their financial advisors, the brokerage model of selling investment products has become obsolete and out of touch. Firms on the leading edge of the client experience understand that today it’s about delivering a process rather than selling a product.

 

It’s one reason why we became an independent RIA (Registered Investment Advisor) in 2015. As independents, we have no proprietary investment products and serve as fiduciaries bound to always act in the client’s best interest. The fiduciary model represents the future of our industry and it is the change that I am most proud of in our 25 years of service.

 

Next, we set out to create necessary scale and establish a lasting and sustainable brand. We engaged Dynasty Financial Partners, a national platform for RIAs, to help us grow our footprint. We also changed our name and rebranded ourselves as DBR & CO. More than ever before, it’s about the integrity of the plan. For our firm, that plan is to focus on financial planning, invest in technology and our people, deliver best practices and drive operational excellence to provide the optimal client experience.

 

We have also added two advisory teams to our firm. Rick Applegate and his team have joined our Pittsburgh office, and establishing us in the Great Lakes Region, is Paul Abendroth and his team in our Toledo, Ohio office. Both teams have extensive expertise in company retirement plans, which allowed us to launch DBR Fiduciary Plan Solutions to assist retirement plan administrators in companies throughout the US with their 401(k)s and other qualified plans.  Our next five-year growth plan includes further expansion regionally and nationally.

 

All of this has put DBR & CO in a position to serve our clients’ financial needs from early career to post retirement. Our focus continues to be on preserving the wealth of the mass affluent, those having $1 million to $10 million in investable assets, and those who are aspiring to reach that level. Because we employ multiple generations of advisors and associates, we understand the family dynamic and the financial needs for many life stages.

 

The industry is rapidly moving in the direction of independent RIAs. We may be ahead of the curve, but as Wayne Gretzky famously said, “Skate to where the puck is going, not where it’s been”. We have never been more prepared to put our clients first.

 

I am deeply grateful for the relationships formed over these 25 years and I could not be more excited for what lies ahead for all of us.

 

 

Sincerely,

David Root

Founder and CEO

DBR & CO

 

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Where to find us:

MID-ATLANTIC REGION

 

436 Seventh Avenue, Suite 2800

Pittsburgh, PA 15219-1818

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Phone: 412.227.2800

Toll Free: 888.227.0913

Fax: 412.227.2805

GREAT LAKES REGION

 

811 Madison Ave, 7th Floor

Toledo, OH 43604

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Phone: 419.574.9399

Toll Free: 888.227.0913

Fax: 419.574.9356

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© 2019 DBR & CO

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Important Consumer Disclosure: D.B. Root & Company, LLC (“DBR & CO”) is an SEC registered investment adviser located in Pittsburgh, Pennsylvania. DBR & CO and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisors by those states in which D.B. Root & Company maintains clients. DBR & CO may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. DBR & CO’s web site is limited to the dissemination of general information regarding its investment advisory services to United States residents residing in states where providing such information is not prohibited by applicable law. Accordingly, the publication of DBR & CO’s web site on the Internet should not be construed by any consumer and/or prospective client as DBR & CO’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Furthermore, the information resulting from the use of tools or other information on this Internet site should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from DBR & CO. Any subsequent, direct communication by DBR & CO with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of DBR & CO, please contact the United States Securities and Exchange Commission on their web site at www.adviserinfo.sec.gov. A copy of DBR & CO’s current written disclosure statement discussing DBR & CO’s business operations, services, and fees is available from DBR & CO upon written request. DBR & CO does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to DBR & CO’s web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission.

Advisory HQ’s Top Ten advisors’ rankings are based on methodologies used by established financial news organizations and are highly focused on three pillars: total assets under management (AUM), firm size/quality, and the amount of revenue generated by an advisory firm. AdvisoryHQ’s Advisor Selection Methodology is based on a wide range of filters including fiduciary duty, independence, transparency, level of customized service, history of innovation, fee structure, quality of services provided, team excellence, and wealth of experience. The review and ranking articles are always 100% independently researched and written without the ranked Firms knowing they are being reviewed.

Certain supervised persons of DBR & CO, in their individual capacities, as registered representatives of a broker-dealer, may provide securities brokerage services and implement securities transactions under a separate commission based arrangement and may be entitled to a portion of the brokerage commissions paid to the brokerage firm, as well as a share of any ongoing distribution or service (trail) fees from the sale of mutual funds. 

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A number of DBR & CO’s Supervised Persons are also licensed insurance agents and may offer certain insurance products on a fully-disclosed commissionable basis.  A conflict of interest exists to the extent that DBR & CO recommends the purchase of insurance products where its Supervised Persons may be entitled to insurance commissions or other additional compensation.