Our Blog

DWM is committed to learning for its team, clients and friends. In this changing world, it’s extremely important to stay current in all areas impacting your financial future.

We encourage all of team members to “drill down” on current topics important to you and contribute to our weekly blogs.  Questions from our clients and their families are often featured in our blogs.  

Financial literacy for clients and their families is very important to us.  We generally hold an annual wealth management seminar for all of our clients.  We encourage regular, at least semi-annual, meetings in person with our clients to review family updates, progress on financial goals, asset allocation and performance of investments.  We’re happy to assist younger members of the family as part of our total wealth management program.

Here’s our latest blog:



Fraudulent Emails That Appear to Be from Schwab

Written by Brett Detterbeck.


Fraudulent Schwab Pic

As you know, cybersecurity is something we are always working on here at DWM. We wanted to make you aware of the following regarding fraudulent emails that appear to be from Schwab.

In a new wave of phishing attempts, clients may receive fraudulent emails that appear to be sent by Schwab. We have seen several variations, but the most common email references e payment and security notices (view sample above).
The emails typically contain a link to a legitimate-looking Schwab website and prompt the recipient to provide credentials and other personal information. Schwab would never ask clients to provide information by email. 
What to do if you receive an email:
1. Don't click on links within the email or provide any personal information.
2. Send us a copy of the email as an attachment, if possible.
3. After sending a copy, you may safely delete the email if you did not click the link or provide any information.


What you can do in general:


• Be aware of suspicious phone calls, emails, and texts asking you to send money or disclose personal information. If a “service rep” calls you, hang up and call back using a known phone number.

• Never share sensitive information or conduct business via email, as accounts are often compromised.

• Beware of phishing and malicious links. Urgent-sounding, legitimate-looking emails are intended to tempt you to accidentally disclose personal information or inadvertently install malware.

• Don’t open links or attachments from unknown sources. Enter the web address in your browser.

• Check your email and account statements regularly for suspicious activity.

• Never enter confidential information in public areas. Assume someone is always watching.


At DWM, we recognize that you have worked and continue to work very hard for your money. Our goal, in every facet of providing Total Wealth Management, is to protect and grow your assets. Cyber-safe practices are a key element of risk management. Our first job is to educate our clients and friends about the importance of cybercrime, identity theft and fraud. Charles Schwab & Company, the custodian for our clients’ money, is as dedicated as we are to keep you and your funds safe and help prevent attacks.


Brett M. Detterbeck, CFA, CFP®, AIF®

Emptying the Nest

Written by Ginny Wilson.


It is an exciting time of year when smiling faces in caps and gowns are seen everywhere! Recently having the pleasure to witness my son’s graduation, the President of the University of South Carolina made sure that the graduates took the time to thank their parents for helping them get to this important occasion. Absolutely! So, congratulations, parents! Turning 21 or graduating from college are exciting milestones and your kids have now reached what we all consider to be the beginning of “adulthood” as they get ready to enter the “real” world. Kids grow up in all different ways and in all different stages – is your young adult ready for launch?

At DWM, we like to offer proactive financial advice for all members of our clients’ families. As your young adult is readying to depart the nest, however that looks, we think this is a good opportunity to provide some education, as they take the reins of their own financial future. Many college-aged kids have had a student checking account and understand how to use their debit card pretty well by now! They probably have some experience with having a job and budgeting for things they want to buy in the short term. However, some of the more complex financial topics can be intimidating for young adults, While they may have a solid background in finance, it is always good to review concepts like compound interest, building good credit, taxes, buying insurance and understanding 401(k)s, for once they land that first “real” job! We might suggest that a good place to start is by getting a copy of The Wall Street Journal. Guide to Starting Your Financial Life by Karen Blumenthal (https://www.amazon.com/Street-Journal-Guide-Starting-Financial/dp/030740708X ). This book covers issues about renting or buying your first home, basic investing, taxes, purchasing health insurance, buying a car, establishing good credit and saving for retirement, among other topics. Might make a perfect college graduation or 21st birthday gift!

In addition, this is a good time to help them make sure all of their accounts are properly set up, titled appropriately and that they have a savings program in place. Reaching the age of majority, which is age 21 for both Illinois and South Carolina, is a good time to change any custodial accounts like a UTMA and UGMA to individual accounts. It may also be helpful to talk about debt, perhaps review student loans and consider opening a credit card account to establish some credit history. Using debt wisely, having a good emergency fund and responsible budgeting are all really valuable conversations and will help your young adult navigate their new financial map.

Encouraging saving and investing is a fundamental lesson and the “pay yourself first” concept is an important one. Remind them that they are paying their future self and that, just like the rewards for eating right, exercising and wearing sunscreen, saving and investing will benefit the health of their future self (as well as their current self!).

One idea that might help is having an automatic savings app like the one found in The College Investor article https://thecollegeinvestor.com/17610/top-automatic-savings-apps/. Also from The College Investor, you can find numerous financial and investing podcasts available that your young adult may take interest in. Here’s the link to get started: https://thecollegeinvestor.com/6778/top-investing-podcasts/. Or maybe they would want a subscription that focuses on the economy, like The Economist or Wall Street Journal.

If working and the business offers it, they should always make sure to contribute to their 401(k) to get the most advantage of any company match. And, if they don’t already have one, starting a Roth account is another great investment savings vehicle, especially while their starting incomes and lower tax brackets will allow them the opportunity to make annual contributions. Up to $5,500 of their earned income can be directly contributed to a Roth account and the compounded gains will never be taxed. Your young adult can set up automatic transfers to investment accounts or savings vehicles so they get used to not seeing those funds in their everyday account, just like 401(k) contributions. It is a great way to plant the seeds for a successful future!

Once the young adult has gotten some traction and they have good financial habits in motion, encourage them to contact us and check out the Emerging Investors program at DWM http://www.dwmgmt.com/investors/. You can learn even more about the EI program by clicking on this link and accessing one of our recent blogs written by Jake Rickord http://dwmgmt.com/archives-blog/index.php/2017/11/. Our Emerging Investors program offers a specialized financial planning model with DWM investment strategies that uses the automated Schwab IIP platform. Our goal is to help them graduate to full DWM Total Wealth Management clients down the road. The best way to reach the level of a TWM client is not just by higher earning, but by stronger and earlier investing. We love to educate and help others plan for their financial future. We are always available if you or your young adult have any questions and would certainly welcome feedback.   Please let us know how we can be of assistance!



Don’t Waste One Drop of Summer!

Written by Les Detterbeck.


Summer is here. Perhaps you’ll take a vacation. Great! But, beyond that, what’s on the rest of your summer bucket list? Don’t waste one drop of this very special season. Here are some possibilities:


  • Nap in a hammock
  • Sit on a porch swing
  • Watch the sun rise and/or set from a beach
  • Bring a blanket and lie on the grass at an outdoor concert

Devour special summer foods

  • Make homemade ice cream
  • Pick berries and peaches at a farm
  • Make lemonade from scratch
  • Dig your own clams
  • Buy a creamsicle from the neighborhood ice cream truck

Do something nostalgic

  • Ride a roller coaster
  • Play miniature golf
  • Go to a “final tour” concert
  • Go to the state fair

Experience the great outdoors

  • Go fishing
  • Go kayaking or paddle boarding
  • Go camping (or glamping, if the outdoors doesn’t suit you)
  • Go on a nature walk
  • Take a group to a water park

Do something out of the ordinary

  • Take a last minute, improv road trip
  • Go to a baseball game
  • Clean the clutter in your house and take it to Goodwill
  • Make a playlist of all of your favorite songs. Take a drive and sing them at the top of your lungs.
  • Plant a garden

Give back to your community

  • Volunteer at a local animal shelter or even adopt a new pet
  • Perform random acts of kindness
  • Write a soldier a letter
  • Bake cookies for a neighbor

All of the above would be fun.   In addition, how about adding personal growth items to your summer bucket list? These activities can enhance the quality of your life and contribute to the realization of your dreams and aspirations. Hence, these should add to your long-term happiness. Not only that, life-long learning can be fun. Consider the following:


  • Fiction and non-fiction, best sellers and classics
  • Read a book you normally wouldn’t read
  • Download an audio book or two and listen to it while driving, exercising or walking
  • Download podcasts and listen to those


  • Try to do 30 minutes of exercise every day
  • Use a workout “buddy” for the summer
  • Modify your workout routine by cross-training in the summer
  • Eat fresh fruits and vegetables whenever possible


  • Work towards further expertise and/or an advanced degree in your profession
  • Work on personal skills such as writing, communication and time management
  • Help complete summer projects for the development of your company


  • Discover your ethnic roots-do a DNA test and have your relatives do one too
  • Chart your family tree (and get everyone involved)
  • Interview and record an older family member and preserve their family stories
  • Attend or host a family reunion

Take some quiet time to define your happiness

  • When are you most happy?
  • How often are you engaged in your passions?
  • What accomplishments are you most proud of?
  • What will be your legacy?

We hope you all have a wonderful summer, perhaps take a vacation, have fun and attain some personal growth. The combination is priceless. The summer solstice on June 21 is one week away. Labor Day will be here before we know it.   Happy Summer! Don’t waste one drop of it!

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