Dempsey & Drumm is an independent advisory practice in Albany, New York. We build and manage our clients' portfolios in our own office, and we keep the practice small enough to know every client.
Many advisory firms place client money with outside portfolio managers, and every layer adds a fee. Layered arrangements like that can run 2 to 3 percent a year or more. At Dempsey & Drumm, the advisors who know you manage the money: 25 to 30 stock portfolios and a set of ETF models, built and maintained in this office. Individual stocks in our portfolios carry no product fee. You pay one advisory fee, stated in your agreement before we begin.
How we workPortfolios of individual stocks and ETFs, built and managed in this office.
Income, projections, and account consolidation for the years ahead.
A full written picture of where you stand and what your family keeps.
Advice for owners, their companies, and their corporate 401(k) plans.
The practice also advises on college savings, insurance, and long term care planning.
You are earning well, saving steadily, and ready to put an actual plan behind it.
You are within sight of retiring and want the accounts from decades of work consolidated and managed in one place.
You own a small business and want one advisor for your own finances and the company retirement plan.
Ed Dempsey has advised clients since 1986 and holds the CFP® designation. Christian Drumm learned the business from his father, an advisor from 1973 to 1995, and joined Ed in 2006 to form the firm. Matt Dempsey, Ed's son, came aboard in 2022. That makes a second generation of advisors on both sides of the name on the door, serving many families across generations of their own.
We meet, in person or by phone, and go through where you stand and what you want the money to do. No obligation and nothing to prepare.
We put the plan in writing and build your portfolio from the models we manage in this office.
We stay in contact through every kind of market and adjust as the economy or your life changes.
We do. Dempsey & Drumm builds and maintains its own stock portfolios and ETF models rather than placing assets with outside third-party managers. The advisor you meet with is involved in managing the portfolio.
Through an advisory fee on the assets we manage, on fee-based platforms through LPL Financial. The fee is stated in your agreement before we begin, and individual stocks in our portfolios do not add a separate product-level fee.
We do not publish one. The practice is deliberately small, about 175 client groups, and fit matters more to us than account size.
The firm is owned by its advisors, not a bank or brokerage parent. Securities are offered through LPL Financial, Member FINRA/SIPC, and investment advice through Private Advisor Group, a registered investment advisor. LPL does not offer proprietary investment products, so nothing steers what we recommend.
The first meeting is a conversation, nothing more. Pick a time that suits you, or send a note and we will get back to you.
125 Wolf Road, Suite 503-10, Albany, NY 12205 · (518) 373-8975 · (800) 998-7606
