Demma-Novak Wealth Management

Demma-Novak Wealth Management is a small advisory firm with two advisors that provides wealth management services to approximately 235 individual clients, including financial planning, portfolio construction, retirement-income planning, cash‑flow and debt analysis, and ongoing behavioral coaching. The firm primarily serves retail individual clients and the brochure specifically notes it does not work with high‑net‑worth individuals, a client mix that is less common among supported firms.

The firm’s stated investment approach treats markets as largely efficient and emphasizes globally diversified asset allocation, periodic rebalancing, and the use of low‑cost mutual funds and exchange‑traded funds—preferably index funds—while using Monte Carlo simulations for retirement projections. For implementation it relies on third‑party solutions (including Orion Portfolio Solutions and third‑party money managers) and multiple custodial platforms, and it reports in the brochure that it currently has no discretionary or non‑discretionary assets under management despite serving 235 clients.

Noteworthy aspects in the brochure include the combination of a small, single‑office advisor team with multiple fee options (percentage‑of‑AUM via Orion, custom flat‑fee programs, and hourly billing) and reliance on third‑party model portfolios and custodians for trade execution and reporting. The firm also discloses that it does not charge performance‑based fees, does not vote client proxies, and is deemed to have custody only to the extent it is authorized to deduct advisory fees from client accounts.