DRS Wealth Management

DRS Wealth Management is a privately held Maryland advisory firm that manages roughly $88.5 million for about 160 clients through two investment advisory representatives. The firm offers discretionary portfolio management, selection and oversight of third‑party asset managers, ongoing financial planning as a value‑added service, and retirement plan and institutional consulting.

DRS structures individualized investment plans implemented by each IAR, using asset allocation, fundamental analysis, and access to a range of vehicles including mutual funds, ETFs, and alternative asset classes; accounts are generally discretionary and reviewed at least annually. The firm recommends Charles Schwab for custody, leverages third‑party managers for specific strategies, and uses a third‑party platform to facilitate management of held‑away defined‑contribution plan accounts.

Distinctive features disclosed in the firm’s ADV include regulatory disciplinary events involving firm representatives and an affiliation where its representatives are licensed insurance agents who may receive commissions for insurance sales, both of which the brochure describes and addresses as conflicts. The firm also receives portions of third‑party manager fees and uses a third‑party platform (which is charged 0.25% of assets under management and is paid out of clients’ advisory fees) to manage held‑away plan assets, arrangements that affect fee allocation and are disclosed in its brochure.