Domask Wealth Management, LLC

Domask Wealth Management provides ongoing wealth management and financial planning primarily for individual households and also accepts pension and profit-sharing plan clients, trusts, estates, charitable organizations, and business entities. The firm’s services include discretionary portfolio management, financial planning, and pension consulting for employee benefit plans, including plan reviews, fund selection advice, enrollment meetings, and participant education seminars.

The firm constructs tailored, discretionary strategies based on clients’ stated objectives and risk tolerance, monitors portfolios on an ongoing basis, and rebalances as needed. Portfolios are typically allocated among exchange-traded funds, mutual funds, preferred securities, fixed income, equities, corporate debt, certificates of deposit, municipal and U.S. government securities, and publicly traded REITs, using fundamental analysis and a mix of long- and short-term purchases where appropriate.

What is notable compared with many peers is the firm’s formal pension consulting offering and ERISA fiduciary role for plan sponsors (including written disclosures and the ability to provide discretionary or non-discretionary plan advice), a service line that is uncommon among independent advisers. The firm manages about $107.5 million in discretionary client assets across 71 clients, negotiates pension fees on a case-by-case basis (up to disclosed limits), and documents rollover considerations and potential conflicts when recommending rollovers to IRAs.