Client Relationship Summary
March 31, 2022
Diesslin Group, Inc.
Registered with the Securities and Exchange Commission as an Investment Advisor
There are other types of financial service professionals (e.g., broker-dealers) with differing services and fees who can help you with financial and investment decisions. It is important for you to understand the difference. The SEC provides free and simple tools that allow you to research firms and professionals at Investor.gov, which also provides educational materials about broker-dealers, investment advisors, and investing.
What Investment Services and Advice Can You Provide Me?
An investment advisor can provide a road map to help you reach financial goals by recommending how to allocate and invest your money. We offer such investment advisory services to retail investors by providing individually tailored and comprehensive financial planning and asset management services.
We recommend investments consistent with your objectives, preferences, investment philosophy, risk tolerance, and the investment influence of the capital markets and economy. We typically create a portfolio of actively managed no-load stock and bond mutual funds offered through the Schwab or Fidelity platform.
Tailored to Your Needs
As a standard part of our asset management services, your account is reviewed periodically for changes that we might make based on an investment’s fundamentals or general economic conditions, and we can make changes at any time based on your changed financial conditions or goals.
We generally have discretionary investment authority over a client’s portfolio to select and execute transactions, and the client may impose any limitations on that authority. We can also offer our asset management services on a non-discretionary basis, in which you make the ultimate decision. Generally, a client is required to have $1 million in investable net worth; however, under various circumstances, exceptions are made.
Brochure Supplement, Part 2B of Form ADV
The educational and business background, as well as licenses, of anyone who formulates investment advice for you or makes discretionary investment decisions for your assets is described in a document known as a Brochure Supplement, Part 2B of Form ADV, which is available to you upon request.
What Fees Will I Pay?
Our financial planning fees start at $4,000. For ongoing asset management, our services are asset-based:
Fees can be negotiated based on the circumstances of the client’s situation. Our annual fee for the management of a $1,000,001 portfolio would be $10,000. Fees are billed quarterly, in advance, calculated on the basis of the market value on the last day of the calendar quarter. You may choose to be billed or have the fees deducted from your account. Upon termination, the unearned prepaid portion of a fee will be refunded.
More about Fees and Service Costs
Because your fees are based on the amount of assets under management, we receive higher fees as the value of your assets increases or if you add assets to your account. Additional fees are applied for annuity services, 529 plans, and special services.
Our fees do not include fees that may be paid to other professionals during the financial planning process or fees assessed by other service providers, such as mutual fund internal management fees, limited partnerships, brokerage transaction fees, account maintenance fees, or custodian fees. We do not receive any portion of fees or commissions paid to them.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
What are Your Legal Obligations to Me When Acting as My Investment Advisor? How Else Does Your Firm Make Money and What Conflicts of Interest Do You Have?
When we act as your investment advisor, we must act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice that we provide you.
Here are some examples to help you understand what this means:
- Our staff members may purchase or sell for their own accounts the same securities that may be recommended to and purchased on behalf of our clients. This practice could create potential conflicts of interest; however, we do not generally invest in individual publicly traded securities on behalf of our clients. Also, our staff is required to report securities holdings annually and certain securities transactions quarterly. Preauthorization is required for staff members investing in private placements.
- The firm may act as a general or managing partner in alternative investments that we offer; we do not receive incentive or contingency fees for recommending such investments but may receive fees for the management of the “business” of the partnership. We do not receive any commissions or other remuneration for recommending investments of any kind; this is to ensure that we have no incentive to recommend investments to our clients in return for payments that might influence our recommendations.
How Do Your Financial Professionals Make Money?
Our firm is exclusively fee-based, and our financial professionals receive only salaries and bonuses based on the performance of the firm. Compensation is not related to the amount of client assets that the financial professional services.
Do You or Your Financial Professionals Have a Legal or Disciplinary History?
No. Visit Investor.gov for a free and simple search tool to research the firm and our financial professionals. If you have concerns about your financial professional with our firm, please contact Shawn Gray at (817) 332-6122.
To receive more information about Diesslin Group, Inc. or to receive a copy of our current Client Relationship Summary, please request one through our Contact Us page or call (817) 332-6122.