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DRS Wealth Management
DRS Wealth Management is a state-registered investment adviser in Easton, MD. The firm manages $88 million in assets, $84 million on a discretionary basis.
DRS Wealth Management
DRS Wealth Management is a state-registered investment adviser in Easton, MD. The firm manages $88 million in assets, $84 million on a discretionary basis. It has 4 employees, including 2 investment advisers.
General information
Firm type
Bank / Wealth / Trust
Location
Region
North America
Country
United States
City
Easton
Corporate office
Easton, PA, United States
Principals
Douglas R. Simms
President and Chief Investment Officer
Frequently asked questions
Who makes investment decisions at DRS Wealth Management?
Douglas R. Simms, the firm's founder and president, serves as the sole investment decision-maker. His background includes senior trust and investment roles at Lafayette Bank and PNC before he established the independent practice. The firm operates without an investment committee or external allocation consultants.
What types of clients does the firm serve?
DRS Wealth Management serves high-net-worth individuals and families, predominantly from Pennsylvania's Lehigh Valley region. The firm operates through individually managed accounts rather than pooled vehicles, and its municipal-bond exposure is tailored to the tax profiles of in-state residents.
What is the succession plan for the firm?
There is no publicly disclosed succession plan. The firm's investment and client-relationship functions are both concentrated in its founder, which represents a material key-person risk. Prospective clients and counterparties should inquire directly about continuity arrangements.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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