DT Investment Partners, LLC (hereinafter, “DTIP”, “Advisor” or the “Firm”) offers the
following services as part of its advisory business:
1. Investment Advisory Services:
At December 31, 2023, the firm had $1,352,693,704 in discretionary assets under
management. The Firm also had non-discretionary assets under management of $165,286,878
and total assets under management of $1,517,980,582. Further, the Firm had total assets under
advisement of $2,028,029,502
DTIP is an investment advisor registered with the Securities and Exchange Commission.
As such, DTIP is subject to a fiduciary standard of care. Simply stated, investment
recommendations by DTIP must be in the best interest of its clients and client’s interests always
take precedence to those of DTIP.
Investment Advisory Services
DT Investment Partners, LLC is a limited liability company formed under the laws of the
State of Delaware. The Firm applied for registration with the Securities and Exchange
Commission as an investment adviser in April 2011. The principal owners of the Firm are
Jonathan Smith, Andrew Zimmerman, and John Blair. DTIP offers advisory services to
individuals, pension and profit sharing plans, trusts, estates, charitable organizations,
corporations and other organizations on a discretionary and non-discretionary basis. DTIP may
act as subadvisor for other Registered Investment Advisors.
The Firm also offers certain independent investment consulting services, primarily to
high net worth clients, providing a forensic investment analysis that delivers independent
analytics in four main areas:
A review of all fees currently incurred including advisory fees, manager fees, security
fees and commissions;
An asset allocation review that assesses whether the portfolio allocation has been
efficient regarding the return for a given level of risk;
An assessment of whether securities/managers are used in an attempt to outperform the
market;
Performance analysis identifying true net of fee performance by other managers and their
appropriate use of benchmarks in determining their performance.
The Firm also offers several ongoing services to consulting clients to maximize their
holistic investment solutions. Services include:
Comprehensive financial planning;
In-depth quarterly performance reviews of all accounts and managers;
Consultation on investment strategy decisions and money manager selection;
Screening and monitoring of low cost basis portfolios to avoid management fees when no
real management is utilized;
Offering an account aggregator that gives clients the ability to understand and manage
their spending and budgeting with a single secure tool;
Due diligence and monitoring of alternative investments such as hedge funds and private
equity investments.
Investment Policy Statement and Restrictions
DTIP assists advisory clients in developing
an appropriate Investment Policy Statement
for assets under discretionary authority of the Firm. The Policy is based on the client’s
investment goals and objectives and risk tolerances. The Firm provides coordination and
administration of appropriate accounts and related asset transfers. The Investment Policy for
each client receives customized implementation which includes active tax and cost efficient
portfolio management. The client may impose modest restrictions regarding investment in
certain securities.
The Firm provides continuous monitoring and management of the investment vehicles
chosen to implement portfolio strategies. As necessary, client portfolios are rebalanced or
policies and strategies are modified if circumstances or client objectives dictate.
In addition to statements received from qualified custodians, clients may receive
quarterly detailed written reports from DTIP with respect to their investment portfolio. As
requested, clients may receive preliminary tax information (e.g. realized and unrealized
gains/losses, interest and dividends received) to facilitate tax planning.
Prior to engaging DTIP to provide investment advisory services, the client will be
required to enter into an Investment Advisory Agreement with DTIP setting forth the terms and
conditions of the engagement, describing the scope of the services to be provided, and the
portion of the fee, if any, that is due from the client prior to DTIP commencing services.
A client may terminate its investment advisory agreement upon written or verbal notice
to DTIP and is effective upon receipt. Upon termination, fees paid in advance will be prorated
and any unearned portion thereof will be returned to the client. The refund will be calculated
based on the number of days remaining in the billing period after the date of termination. Fees
paid in arrears will be pro-rated and any earned portion thereof will be due to DTIP. The fee will
be calculated based on the number of days during the billing period that the account was
managed before the date of termination.
Advisor will assist clients with appointment of a qualified custodian to hold client funds
and securities. Advisor shall never hold client funds or securities and shall be deemed to have
custody solely because of its authority to deduct fees.
Advisory recommendations are based on the client’s financial situation at the time the
services are provided and are based on financial information disclosed by the client to Advisor.
Clients are advised that certain assumptions may be made with respect to interest and inflation
rates and the use of past trends and performance of the market and economy. Past performance
is in no way an indication of future performance. Further, clients are advised that asset allocation
does not assure profit or protect against loss in declining markets. As the client’s financial
situation, goals, objectives or needs change, the client must notify DTIP promptly.
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