David Ettl Financial

David Ettl Financial is a sole‑proprietor, state‑registered investment adviser that provides non‑discretionary portfolio management and consulting to individuals, high‑net‑worth clients, trusts, estates, corporations and, on occasion, pension/profit‑sharing and other institutional clients. The firm manages about $25.3 million in client assets and typically constructs portfolios using low‑cost mutual funds and ETFs, with occasional use of individual stocks, bonds and third‑party managers.

The adviser uses a fundamentals‑based approach and works with each client to establish an investment policy statement, strategic asset allocation and customized portfolio construction; the strategy is primarily long‑term but may include shorter‑term trades for rebalancing or cash needs. The firm discloses that it may use margin, options and concentrated, active trading in client accounts when appropriate, and it provides only non‑discretionary advice while clients maintain custody of their assets.

Compared with many single‑advisor independent firms, this adviser’s brochure highlights two uncommon features: it serves pension/profit‑sharing and other institutional clients and it routinely refers clients to unaffiliated money managers (receiving a portion of the sub‑advisor’s fee for such referrals). The firm also discloses a past Chapter 7 bankruptcy filing by the owner in 2011 that was discharged the same year.