DELEON WEALTH

DELEON uses a flat-fee model rather than an assets-under-management fee. The firm publishes a fee schedule charging between $3,600 and $8,400 annually for comprehensive financial planning, which includes investment management, tax planning, and equity compensation guidance. There are no minimum asset requirements, and the firm does not earn commissions or sell products.

DELEON follows a passive, evidence-based investment philosophy centered on low-cost ETFs and mutual funds. The firm explicitly avoids individual stock selection, market timing, and alternative investments. Client portfolios typically span US large-cap, international developed, emerging markets, and fixed income, with rebalancing triggered by tax-loss harvesting opportunities rather than calendar dates.

Alvin Carlos, a CFA and CFP charterholder, serves as Managing Partner and makes all investment and planning decisions. Prior to founding DELEON in 2019, Carlos held advisory roles at District Capital Management and other registered investment advisors. The firm does not currently list additional partners or investment committee members.

DELEON focuses on San Francisco-based tech professionals who hold significant concentrated equity positions through restricted stock units or employee stock purchase plans. The firm's practice includes a heavy emphasis on tax-efficient diversification — coordinating RSU liquidation schedules, Roth conversions, and tax-loss harvesting across taxable and retirement accounts.

Yes. DELEON operates as a fee-only registered investment advisor and holds a fiduciary duty on all client relationships. The firm's ADV filings and client agreements affirm a legal obligation to place client interests ahead of the firm's own — a requirement that its flat-fee pricing model reinforces by eliminating product-based compensation.