Delphi Wealth Management LLC

Delphi Wealth Management is an independent, single-advisor registered investment adviser that provides discretionary and non-discretionary portfolio management and hourly financial consulting to individuals, trusts, estates, charitable organizations, and business entities. The firm states a $1,000,000 account minimum (which may be waived) and currently serves a small client roster of about 12 relationships with roughly $21.15 million in assets under management.

The firm customizes asset-allocation strategies for each client using a mix of fundamental, technical, and cyclical analysis and implements positions through long- and short-term trades and, at times, margin transactions. Portfolios are monitored and rebalanced as needed, and advisory fees are charged as a percentage of assets under management — the brochure discloses that cash and margin balances are included in billable assets, a practice that can create conflicts of interest the firm describes.

Compared with many peers, the firm discloses a disciplinary event: a 2021 consent order with the Tennessee Securities Division arising from a routine examination, resulting in an order to comply with state securities rules and a $10,000 civil penalty, a disclosure the brochure highlights. The firm is also distinguished by its sole-adviser structure combined with a small number of relatively large accounts and an institutional custodial relationship that provides access to research and support services the firm says are available through its custodian.