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:

 

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Father of the American Christmas Card

Written by Grant Maddox.

christmasIt's that time of year again. Time to get together with family, reconnect with old friends and drink eggnog by the fire. Spending time with those important people in your life is nice any time of the year, but it's always great around the holidays. However, what is one to do about all those wonderful people if you do not get to see them in person? Enter the Christmas card. Christmas cards have become a staple in most households during the holidays and there is a long history behind their success and popularity.


Have you ever wondered how the Christmas card came to be what it is today? Initially produced in 1843 by Sir Henry Cole of Britain as a way to keep in touch with all of his friends and acquaintances, it wasn't until 20 years later that they became mass produced in the United States by Louis Prang of Boston, MA. Sir Henry Cole's original card included images of him feeding and clothing the poor with the words "Merry Christmas and Happy New Year" on both sides. He had the same heading of "TO ____," with the blank spot allowing him to print a different name on each card. Back in the States, the popularity of Louis Prang’s take on the Christmas card grew. Soon people began to collect these and measure how many they received each year. It is for this reason that Louis Prang is considered by many as the "Father of the American Christmas card."

christmas card

Christmas card, L. Prang and Co., 1876. PR 31, Bella C. Landauer Collection


Christmas cards have indeed grown since their creation in the 1800's. With 1.6 billion Christmas cards purchased every year, according to the Greeting Card Association, the industry for Christmas cards seems like it may last the test of time. That is, if we don't all switch over to electronic, emailed cards. However, the ease of electronic greeting cards does not appear to be having a large effect either, as this year Americans will spend on average $30 on Christmas cards, according to a study done by Statista.com. The amount that Americans spend on Christmas cards each year does not even take into account the time and effort that goes into developing the card, and, in some cases, getting the family to stand still long enough to have a picture for your card. However, all the time, effort and money that you put into giving Christmas cards to friends and family is a small price to pay for letting your loved ones know you're thinking of them during the holiday season.

At DWM we value the importance of family and friends, and we agree that maintaining close relationships is priceless. Connecting with those important people in your life is nice around the holidays, and it's especially important to us at DWM now and throughout the year. We appreciate keeping in touch with all of you and we wish you a Merry Christmas, a wonderful holiday season, and a happy new year! 

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Your New DWM Website

Written by Nick Schiavi.

New WebsiteA few months before starting my career at DWM, the team decided it was time to change the look of the company. The first step was revamping the logo to have a more modern feel, while still maintaining a strong message. The DWM gears were a perfect fit. The origin of the gears symbolizes the idea of process, which is ideal when you consider DWM’s philosophy: “Wealth management is a process, not a product.”

While the new logo certainly achieved a modern feel, we also needed to update the look of our website. We came together as a team to determine what the old site lacked, and how the new site would improve the overall user experience. I started building out the new site my second week at DWM. Every week the team discussed ways to make it better for clients, prospects, and anyone else who wanted to stop by. Now, almost 8 months later, the new and improved DWM site is finalized and ready for you to visit.

The new site benefits both DWM clients and non-clients in three main ways: simplicity, quick/convenient access, and transparency.

Simplicity. The new site has a very simple layout. We do not try to impress anyone with fancy terminology or complicated charts that may be difficult to understand. The goal is for you, the viewer, to have a stress free experience on our site and easily obtain the information you are looking for. From our home page, one can easily navigate to brochure-like items such as our DWM Total Wealth Management Process (investment management, value-added services, and relationship management), DWM processes and culture, the DWM team, and a link to recent blogs.  Within each tab, we give a brief overview of our philosophy on that particular subject, but do not ramble on for 10+ pages. As much as we love talking about all aspects of wealth management, we recognize you probably did not come to the site to read an entire book. So while the information is detailed, it is still easy to understand and not overwhelming.

Quick/convenient access for clients. Typically, clients visit the DWM website to access either their MGP financial plan, DWM/Orion account (performance) information, or Schwab account information. With that in mind, we did not want you to have to scavenge the site just to access your information. For this reason, we inserted quick links in the header of the site so you can quickly locate your information from any page. To go along with quick access, we made a point to maximize convenience, so, we decided all log in screens should open in a separate tab. This way, if you are reading a blog about market performance and decide to check your account, you will not be navigated away from the site. A new tab will open and you can finish reading after checking your account. Of course, everything is still 100% secure, as DWM takes your personal and account information very seriously.

Transparency. When I first started building out the new site, I was surprised to hear a general rule of thumb is to limit the amount of pictures of the company’s employees. If you visit other sites in the financial industry, you may notice there are a lot of canned pictures of happy couples running on the beach, sunsets, and whatever else distracts you from the idea wealth management is a process that takes a strong team you can trust. So while we are certainly happy at DWM, it is not because we are running along the beach everyday with our hands in the air, but because we enjoy helping you achieve and enjoy your financial freedom.

To go along with transparency, we spent a significant amount of time on the “DWM Team” section of the site. We decided we did not want to only brag about everything we have accomplished and why we are qualified to be your personal fiduciaries, but rather, give you a better idea of who we are as people. Of course, we give background information, but more importantly explain how we got into wealth management, some passions outside of wealth management, our family, interests, and experiences at DWM thus far. This gives the reader the ability to learn more about the individuals on this team and how they mesh with your needs.

We are very excited about the new DWM website and our overall online presence. To go along with the new website, we also have updated our Linkedin, Facebook, and Twitter Pages. We are using Twitter to help everyday folks with wealth management by posting blogs and “daily wealth management tips.” Our goal is to help as many people as possible achieve financial freedom and we are thrilled we can utilize social media to do that. So please, check out the new and improved DWM online platforms! Here are the links:

DWM website: http://www.dwmgmt.com/

DWM LinkedIn Page: https://www.linkedin.com/company/detterbeck-wealth-management

DWM Facebook: https://www.facebook.com/DetterbeckWealthManagement/

DWM Twitter: https://twitter.com/detterbeckwm

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Prevent ShareFile From Going to Spam Folder

Written by Nick Schiavi.

Citrix-SF-logo-300x101Help Us Protect You and Your Data:
 
 
One of our most valued qualities at DWM is INTEGRITY: to honor the sanctity of respect, truth, and confidentiality in all of our relationships. You trust us with your personal information and we respect that. In today’s internet-fueled, cyber world, it’s easy to move around data, but it must be done in a safe way. To that extent, when we send you confidential information via email we want to ensure that your data remains private. That’s why we use Sharefile.
 
Sharefile is one of the most utilized and secure options for sharing documents via email. It allows you to encrypt the body of your message to your recipient, along with any attachments, providing all parties with comprehensive data privacy.
 
Unfortunately, some email providers like AOL, and sometimes Google, view an email utilizing Sharefile differently and it can wind up in your junk/spam folder and become lost, which makes communication between us quite difficult. The reason for emails being flagged as spam is because of the spam filter that is set in place by the email provider. If the spam filter does not recognize the email address it is directed to the spam folder.
 
The good news is that there is an easy fix. All you need to do is add the following domains to your approved senders list to omit this kind of problem:
 
 
@dwmgmt.com
 
dwmgmt.onmicrosoft.com
 
 
If you don’t know exactly how to do this, please see this handy list showing steps for users of AOL, Gmail, Outlook, and Yahoo.
 
 
 
We take confidentiality of your information very seriously. Please help us help you by adding the domains today. And also, the best way to get us confidential documents is by uploading them to our Sharefile. To do this, simply click  the link below our of our team’s email signartures. For example,
 
Regards,
Brett M. Detterbeck, CFA, CFP®, AIF®
DWM Financial Group, Inc.
DBA Detterbeck Wealth Management
110 N Brockway, Suite 330
Palatine, IL 60067
P 847.934.6262
F 847.934.5495
 

Click Here to send me a file securely.

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