Overview
A. Description of the Advisory Firm
DJ Wealth Systems, LLC (hereinafter “DJWS”) is a Limited Liability Company organized
in the State of New York. The firm was formed in September 2018, and the principal owner
is Jason Ginsburg.
B. Types of Advisory Services
Portfolio Management Services
DJWS offers ongoing portfolio management services based on the individual goals,
objectives, time horizon, and risk tolerance of each client. DJWS creates an Investment
Policy Statement for each client, which outlines the client’s current situation (income, tax
levels, and risk tolerance levels) and then constructs a plan to aid in the selection of a
portfolio that matches each client's specific situation. Portfolio management services
include, but are not limited to, the following:
• Investment strategy • Personal investment policy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
DJWS evaluates the current investments of each client with respect to their risk tolerance
levels and time horizon. DJWS will require discretionary authority from clients in order
to select securities and execute transactions without permission from the client prior to
each transaction. Risk tolerance levels are documented in the Investment Policy
Statement, which is given to each client.
DJWS seeks to provide that investment decisions are made in accordance with the
fiduciary duties owed to its accounts and without consideration of DJWS’s economic,
investment or other financial interests. To meet its fiduciary obligations, DJWS attempts
to avoid, among other things, investment or trading practices that systematically
advantage or disadvantage certain client portfolios, and accordingly, DJWS’s 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 DJWS’s policy to allocate
investment opportunities and transactions it identifies as being appropriate and prudent
among its clients on a fair and equitable basis over time.
Services Limited to Specific Types of Investments
DJWS generally limits its investment advice to fixed income securities, equities, ETFs and
commodities.
DJWS may use other securities as well to help diversify a portfolio when
applicable.
Written Acknowledgement of Fiduciary Status
When we provide investment advice to you regarding your retirement plan account or
individual retirement account, we are fiduciaries within the meaning of Title I of the
Employee Retirement Income Security Act and/or the Internal Revenue Code, as
applicable, which are laws governing retirement accounts. The way we make money
creates some conflicts with your interests, so we operate under a special rule that requires
us to act in your best interest and not put our interest ahead of yours. Under this special
rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations
(give prudent advice);
• Never put our financial interests ahead of yours when making recommendations
(give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in
your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
C. Client Tailored Services and Client Imposed Restrictions
DJWS will tailor a program for each individual client. This will include an interview
session to get to know the client’s specific needs and requirements as well as a plan that
will be executed by DJWS on behalf of the client. DJWS may use model allocations
together with a specific set of recommendations for each client based on their personal
restrictions, needs, and targets. Clients may not impose restrictions in investing in certain
securities or types of securities in accordance with their values or beliefs.
D. Wrap Fee Programs
A wrap fee program is an investment program where the investor pays one stated fee that
includes management fees, transaction costs, and certain other administrative fees. DJWS
does not participate in wrap fee programs.
E. Assets Under Management
DJWS has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$51,500,000 $0.00 December 2022