{"url":"https://nivawealth.com/firms/dbd-retirement-and-financial-services-328239","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/328239","regulatoryAum":133657020,"crd":"328239","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7025249","suffix":null,"lastName":"Difilippo","firstName":"Raymond","middleName":"T"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2024-07-30","regulatoryAum":130239344,"clients":18,"employees":1,"offices":1},{"filedOn":"2025-01-16","regulatoryAum":133866680,"clients":20,"employees":1,"offices":1},{"filedOn":"2026-09-28","regulatoryAum":133657020,"clients":21,"employees":1,"offices":1}],"secFileNumber":"801-129039","legalName":"DBD Retirement and Financial Services, LLC","displayName":"DBD Retirement and Financial Services","slug":"dbd-retirement-and-financial-services-328239","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Virginia limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":["DBD Financial"],"registration":{"secApproved":"9 November 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":6364620,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":133657020,"discretionary":133657020,"discretionaryAccounts":37,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":17,"regulatoryAum":6210636},{"label":"High-net-worth individuals","clients":4,"regulatoryAum":127446384}],"feePrograms":[{"role":"main","program":"Asset Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1001300","versionId":1001300,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-01-12","documentName":"DBD RETIREMENT AND FINANCIAL RESOURCES ADV PART 2A AND 2B","fee_rate_low":0.5,"fee_rate_high":0.85,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:35:07.705485+00:00","documents":[{"name":"DBD RETIREMENT AND FINANCIAL RESOURCES ADV PART 2A AND 2B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1001300","versionId":1001300,"submittedOn":"2026-01-12"}]},"custodians":[{"name":"Assetmark Trust Company","shortName":"Assetmark Trust","location":"Phoenix, AZ","smaAssets":133657020}],"custodyNote":"DBD Retirement and Financial Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Raymond Difilippo","title":"President and Chief Compliance Officer","crd":"7025249"},{"name":"Denise DiFilippo","title":"Owner","crd":"7803995"}],"ownership":[{"label":"Raymond Difilippo","detail":"President and chief compliance officer in the 50% to 75% ownership band and a control person, since August 2023."},{"label":"Denise DiFilippo","detail":"Owner in the 50% to 75% ownership band and a control person, since August 2023."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"703-791-5955","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":39},{"label":"U.S. state and local bonds","percent":37},{"label":"Investment grade corporate bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":19},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"28 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/328239/PDF/328239.pdf","brochureDate":"12 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1001300","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does DBD Retirement and Financial Services have?","answer":"DBD Retirement and Financial Services has 21 clients and manages $134 million for them, as of September 2026. They include 17 individual clients and 4 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does DBD Retirement and Financial Services offer?","answer":"DBD Retirement and Financial Services provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does DBD Retirement and Financial Services charge?","answer":"DBD Retirement and Financial Services charges 0.50%–0.85% a year for its Asset Management Services. The fee is billed in advance and is negotiable.","source":"DBD RETIREMENT AND FINANCIAL RESOURCES ADV PART 2A AND 2B, filed 12 January 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does DBD Retirement and Financial Services use?","answer":"DBD Retirement and Financial Services’ separately managed account assets are held at Assetmark Trust Company (Phoenix, AZ), with $134M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does DBD Retirement and Financial Services have?","answer":"DBD Retirement and Financial Services has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does DBD Retirement and Financial Services invest in?","answer":"At the end of its last fiscal year, DBD Retirement and Financial Services’ separately managed accounts held 39% exchange-traded equities, 37% state and local bonds, 19% registered funds (mutual funds, ETFs, BDCs), 3% investment grade corporate bonds and 2% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns DBD Retirement and Financial Services?","answer":"DBD Retirement and Financial Services’ direct owners are Raymond Difilippo (50% to 75%) and Denise DiFilippo (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does DBD Retirement and Financial Services get paid?","answer":"DBD Retirement and Financial Services is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact DBD Retirement and Financial Services?","answer":"Its phone number is 703-791-5955.","source":"Form ADV Part 1A, Item 1.F, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}