Description of Advisory Firm Derastone LLC is an Investment Adviser principally located in the state of New York. We are a limited liability company founded in May 2010. Gabriel Kaplan is the principal owner and Chief Compliance Officer (“CCO”).
As used in this brochure, the words “Wealth Habits”, "we", "our firm", “Advisor” and "us" refer to Derastone LLC and the words "you", "your" and "Client" refer to you as either a client or prospective client of our firm.
Types of Advisory Services Portfolio Management Services Wealth Habits provides discretionary asset management services and utilizes a separately managed account platform to direct investments on behalf of its clients. This platform allows each client to possess an individual account housed with the custodian that Wealth Habits will maintain full trading discretion over.
The separately managed account setup allows increased transparency for clients as they can view the details of their account at any time through the custodian. The platform also gives the client and Wealth Habits the ability to liquidate some or all of the client’s assets in a timely and orderly fashion without hindering the investment performance of other clients of Wealth Habits. Wealth Habits also believes that utilizing separately managed accounts is currently the most cost-effective way to operate for both the client and Wealth Habits.
Wealth Habits is responsible for providing ongoing analysis and continuous monitoring of our client’s securities holdings. Our advice with respect to constructing portfolios and managed programs include investments in stocks, exchange traded funds, exchange traded notes, bonds, currencies, and options.
Wealth Habits will request discretionary authority from clients to select securities and execute transactions without permission from the client prior to each transaction. Wealth Habits' investment opportunities and transactions are allocated according to suitability determined by individual investment goals, time horizons, and risk tolerance, which are documented annually.
Services Limited to Specific Types of Investments Wealth Habits invests mostly in equities. However, Wealth Habits may use other securities as well for diversification, hedging and return considerations when applicable. Other securities may include but are not limited to; ETF’s, options, fixed income, currencies, commodities, mutual funds, equities, bonds, debt securities, REITs, Treasury Inflation Protected/Inflation Linked Bonds, precious metal ETFs, and government securities.
Wealth

Habits seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of Wealth Habits' economic, investment or other financial interests. To meet its fiduciary obligations, Wealth Habits attempts to avoid, among other things, investment or trading practices that systematically advantage or disadvantage certain client portfolios, and accordingly, Wealth Habits' policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over time. It is Wealth Habits' policy to allocate investment opportunities and transactions it identifies as being appropriate based on suitability and other factors such as the timing of the account review.
Financial Planning We offer advisory services in the form of financial planning services. Financial planning can be described as helping individuals determine and set their long-term financial goals, through investments, tax planning, asset allocation, risk management, retirement planning, and other areas. The role of a financial planner is to find ways to help the client understand his/her overall financial situation and help the client set financial objectives.
In limited circumstances, some clients may only require advice on a single aspect of the management of their financial resources. For these clients, Wealth Habits offers financial planning services in a targeted format and/or general consulting services that address only those specific areas of interest or concern.
Gabriel Kaplan is a CPA, but not an attorney or insurance licensed.
The firm’s financial planning services do not involve implementing any transaction on your behalf or the active and ongoing monitoring or management of your investments or accounts. You have the sole responsibility for determining whether to implement the financial planning and consulting recommendations.
Client Tailored Services and Client Imposed Restrictions Wealth Habits offers the same set of portfolio management services to all of its clients. The client's specific requirements and their implementation depend largely on the client's current situation (investment goals, time horizons, and risk tolerance) and are used to develop a client-specific portfolio.
Wrap Fee Programs We do not participate in wrap fee programs.
Assets Under Management As of December 31, 2023, Wealth Habits has $72,176,061 in discretionary and $0 in non-discretionary assets under management.