DCM provides many services to clients:
DCM will review a client's portfolio and suggest changes that may provide a higher expected after-tax risk-adjusted return.
DCM provides suggestions for structuring a client's investments to reduce the taxes paid on the future investment returns.
DCM works with clients to organize and consolidate their investment accounts. Many professionals have had multiple employers and multiple retirement accounts, or they have investment accounts with a number of different financial institutions. Consolidating these funds into a small number of accounts may provide the following benefits:
Lower transaction costs
Lower account maintenance fees
Better interest rates
Each of these benefits may be possible when a client has a large equity balance with one financial institution.
DCM will work with each client to develop an asset allocation strategy that suits the client’s situation. The client's world macroeconomic perspective, risk tolerance, and breakdown of taxable and tax-sheltered assets are all used to develop the asset allocation strategy. DCM recommends that some of the assets be passively managed using index funds and exchange traded funds, and some of the assets be actively managed by DCM. The inputs that went into providing this simple recommendation can be found on the Simple Asset Allocation page.
DCM makes stock trades and exchange traded fund trades in the actively managed portion of the portfolio with the objective to maximize the rate of return for a target turnover rate.