A. Firm Information
Del-Sette Capital Management, LLC (“Del-Sette” or the “Advisor”) is a registered investment advisor with the
U.S. Securities and Exchange Commission (“SEC”). The Advisor is organized as a limited liability company
(“LLC”) under the laws of the State of New York. Del-Sette was founded in September 2011 and is owned and
operated by Hermes William (Bill) Del-Sette III. This Disclosure Brochure provides information regarding the
qualifications, business practices, and the advisory services provided by Del-Sette.
B. Advisory Services Offered
Del-Sette offers investment advisory services to individuals, high net worth individuals, trusts and estates (each
referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. Del-Sette’s fiduciary commitment is further described in the Advisor’s Code of Ethics. For
more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in
Client Transactions and Personal Trading.
Investment Management Services
Del-Sette provides customized investment advisory solutions for its Clients. This is achieved through continuous
personal Client contact and interaction while providing discretionary investment management and related
advisory services. Del-Sette works closely with each Client to identify their investment goals and objectives as
well as risk tolerance and financial situation in order to create a portfolio strategy. Del-Sette will then construct a
portfolio, consisting of low-cost, diversified mutual funds and exchange-traded funds (“ETFs”) to achieve the
Client’s investment goals. The Advisor may also utilize individual stocks to meet the needs of its Clients. The
Advisor may retain certain legacy investments based on portfolio fit and/or tax considerations.
Del-Sette’s investment approach is primarily long-term focused, but the Advisor may buy, sell or re-allocate
positions that have been held for less than one year to meet the objectives of the Client or due to market
conditions. Del-Sette will construct, implement and monitor the portfolio to ensure it meets the goals, objectives,
circumstances, and risk tolerance agreed to by the Client. The Advisor may allow Clients to place reasonable
restrictions on the types of investments to be held in their respective portfolio, subject to acceptance by the
Advisor.
Del-Sette evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. Del-Sette may recommend, on occasion, redistributing investment allocations to diversify the
portfolio. Del-Sette may recommend specific positions to increase sector or asset class weightings. The Advisor
may recommend employing cash positions as a possible hedge against market movement. Del-Sette may
recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses,
business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the
position[s] in the portfolio, change in risk tolerance of the Client, generating cash to meet Client needs, or any
risk deemed unacceptable for the Client’s risk tolerance.
All Client assets will be managed within their designated account[s] at the Custodian, pursuant to the Client
investment advisory agreement. For additional information, please see Item 12 – Brokerage Practices.
Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over
the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based
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account to fee-based account). Such a recommendation
creates a conflict of interest if the Advisor will earn a
new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll
over a retirement account to an account managed by the Advisor.
Financial Planning Services
Del-Sette will typically provide a variety of financial planning and consulting services to Clients as a component of
investment management. Services are offered in several areas of a Client’s financial situation, depending on their
goals and objectives.
Generally, such financial planning services involve preparing a formal financial plan or rendering a specific
financial consultation based on the Client’s financial goals and objectives. This planning or consulting may
encompass one or more areas of need, including but not limited to, investment planning, retirement planning,
personal savings, education savings, insurance needs and other areas of a Client’s financial situation.
A financial plan developed for or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs.
Del-Sette may also refer Clients to an accountant, attorney or another specialist, as appropriate for their unique
situation. For certain financial planning engagements, the Advisor will provide a written summary of the Client’s
financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may
not provide a written summary. Plans or consultations are typically completed within six months of contract date,
assuming all information and documents requested are provided promptly.
Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the
interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor
for investment management services or to increase the level of investment assets with the Advisor, as it would
increase the amount of advisory fees paid to the Advisor. Clients are not obligated to implement any
recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects
to act on any of the recommendations made by the Advisor, the Client is under no obligation to implement the
transaction through the Advisor.
Educational Workshops and Seminars
Del-Sette hosts educational workshops and seminars about a variety of financial related topics. The workshops
or seminars are not designed to provide specific and personal advice to a specific Client. Instead, as referenced
by the title, the workshop or seminars are educational in nature and provide impersonal advice to attendees.
Del-Sette does not charge a fee for educational workshops and seminars.
C. Client Account Management
Prior to engaging Del-Sette to provide investment advisory services, each Client is required to enter into one or
more agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor
and the Client. These services may include:
●Establishing an Investment Strategy – Del-Sette, in connection with the Client, will develop a strategy
that seeks to achieve the Client’s investment goals and objectives.
●Asset Allocation – Del-Sette will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation and tolerance for risk for each Client.
●Portfolio Construction – Del-Sette will develop a portfolio for the Client that is intended to meet the stated
goals and objectives of the Client.
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●Investment Management and Supervision – Del-Sette will provide investment management and ongoing
oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Del-Sette does not manage or place Client assets into a wrap fee program. Investment management services
are provided directly by Del-Sette.
E. Assets Under Management
As of December 31, 2023, Del-Sette manages $151,829,467 in Client assets, all of which are managed on a
discretionary basis. Clients may request more current information at any time by contacting the Advisor.