D3 Financial Counselors LLC (Downers Grove)

Name: D3 Financial Counselors LLC
Address: 5151 Mochel Drive, Downers Grove, IL, 60515
Telephone: 630-271-0033

D3 Financial Counselors LLC is a large advisory firm based in Downers Grove. It manages $270 million of regulatory assets for 184 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida and Illinois.

D3 Financial Counselors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

D3 Financial Counselors: assets under management

The assets under management (AUM) of D3 Financial Counselors LLC is $270 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 535% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $270 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.47 million each.

D3 Financial Counselors has custody of $40.75 million in cash and securities for 84 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is investment and business development companies, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay D3 Financial Counselors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients D3 Financial Counselors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of D3 Financial Counselors is high net worth individuals with 108 clients and $233 million of assets under management. Among the 7 most similar advisory firms, D3 Financial Counselors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $270 million for 184 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

D3 Financial Counselors doesn't advise any private funds.

Careers at D3 Financial Counselors LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

D3 Financial Counselors LLC is owned by Donald Duane Duncan. Adam Jeffrey Glassberg joined the executive team most recently as the Financial Counselor.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Duane Duncan	Owner	1 Aug 1997	75% - 100%	2180060
Rebecca Hensley Connery	Chief compliance officer	1 Oct 2006	Other	5245753
Peter Todd Marchese	Portfolio manager	1 Jan 2008	Other	1966166
Micheal Neal Meyers	Chief compliance officer	1 Jul 2010	Other	5312980
Adam Jeffrey Glassberg	Financial counselor	1 Jan 2015	Other	5938760

Based in Downers Grove

The principal office where D3 Financial Counselors LLC performs its advisory services is located at 5151 Mochel Drive, Downers Grove, IL 60515, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-271-0033 or by fax 866-385-8998. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at d3financialcounselors.com.