Business Description
We provide services to individuals, high-net-worth individuals, pension and profit sharing
plans, charitable organizations and corporations or business entities concerning mutual funds,
fixed income securities, equities, hedge funds, ETFs (including ETFs in the gold and precious
metal sectors) and non-U.S. securities. As a registered investment adviser, we are held to the
highest standard of client care – a fiduciary standard. As a fiduciary, we always put our client’s
interests first and must fully disclose any potential conflict of interest. We do not hold customer
funds or securities.
A. Description of the Advisory Firm
Dutch Asset Corporation (hereinafter “DAC”) is a Corporation organized in the State of
New York.
The firm was formed in February 2014, and the principal owner is Cullen Michael Breen.
B. Types of Advisory Services
Portfolio Management Services
DAC offers ongoing portfolio management services based on the individual goals,
objectives, time horizon, and risk tolerance of each client. DAC 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
DAC evaluates the current investments of each client with respect to their risk tolerance
levels and time horizon. DAC will request 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.
DAC seeks to provide that investment decisions are made in accordance with the
fiduciary duties owed to its accounts and without consideration of DAC’s economic,
investment or other financial interests. To meet its fiduciary obligations, DAC attempts
to avoid, among other things, investment or trading practices that systematically
advantage or disadvantage certain client portfolios, and accordingly, DAC’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 DAC’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.
Selection of Other Advisers
DAC may direct clients to third-party investment advisers to manage all or a portion of
the client's assets. Before selecting other advisers for clients, DAC will
always ensure
those other advisers are properly licensed or registered as an investment adviser. DAC
conducts due diligence on any third-party investment adviser, which may involve one
or more of the following: phone calls, meetings and review of the third-party adviser's
performance and investment strategy. DAC then makes investments with a third-party
investment adviser by referring the client to the third-party adviser. These investments
may be allocated either through the third-party adviser's fund or through a separately
managed account managed by such third party adviser on behalf of DAC's client. DAC
will review the ongoing performance of the third-party adviser as a portion of the
client's portfolio.
For any advisers to whom DAC refers customers, the costs of the third-party asset
management services must be negotiated with the third-party manager, and will be paid
in addition to DAC’s asset management fee disclosed in Item 5(A) below.
Pension Consulting Services
DAC offers ongoing consulting services to pension or other employee benefit plans
(including but not limited to 401(k) plans) based on the demographics, goals, objectives,
time horizon, and/or risk tolerance of the plan’s participants.
Financial Planning
Financial plans and financial planning may include, but are not limited to: investment
planning; life insurance; tax concerns; retirement planning; college planning; and
debt/credit planning.
Services Limited to Specific Types of Investments
DAC limits its investment advice to mutual funds, fixed income securities, equities,
hedge funds, ETFs (including ETFs in the gold and precious metal sectors) and non-U.S.
securities.
C. Client Tailored Services and Client Imposed Restrictions
DAC 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 DAC on behalf of the client. DAC may use “model portfolios”
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. Clients
who prefer to operate a non-discretionary portfolio may seek advice on strategies that
coincide with their individual priorities.
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, fund expenses, and other
administrative fees. DAC does not participate in any wrap fee programs.
E. Assets Under Management
DAC has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$ 68,483,228 $ 1,372,930 12/31/2023