“After DCM took over our plan, our owner increased his total contribution from $12,000 in 2010 to $49,000 in 2011. This $37,000 increase was more than covered by $21,000 in audit cost and FICA tax savings, plus approximately $17,000 in investment advisory cost reductions.”
(Name witheld by request), CFO, Powell, OH
“Richard Phillips and his team at DCM provide us with excellent service, at a lower cost than other providers we’ve used. When you use the big providers, you can feel like a little grain of sand on a big beach. They come across as “this is what we’ve got and you have to take it.” They aren’t responsive to questions, and their investment options are often confusing, with many hidden fees and marketing costs.
DCM has been consistently creative on our behalf, and they designed a plan for us that allowed our business owner physician to maximize his annual deferred contribution to $49,000. They continue to be creative with respect to educating our participants through their blog. They are very responsive, and take suggestions and requests from us seriously. No matter what we’ve asked, they’ve routinely figured out a way to implement it into their service mix. Richard and I speak every three weeks or so, to keep things running smoothly, and I have yet to hear a negative comment from any of our employees about their retirement plan situation.
Despite this increased level of personal attention, we pay less for both plan administration, and investment management, than we did before. I have been extremely satisfied with DCM over the 8 years they’ve worked for us. We selected them after carefully considering several alternatives, and they do an excellent job.”
Tom Cook, Administrator, Cancer Care Center, Jackson, TN
“We have remained clients of DCM for 16 years because Richard Phillips has always been there when we’ve needed him. Over the years, Richard has kept up with everything, and always found a creative way to use the tax code to do what we’ve wanted, even when some of it was pretty unusual.
In fact, Richard has always found a way to accommodate whatever we’ve asked, and I’ve sometimes thought: “there’s no way he can do all this,” but he does and we are just really glad we found him.
When we call, we are always treated like we are important, not just me, but even if it’s one of my employees calling to ask about his account. Richard is always there for us, never acts like he’s too busy to talk, and always makes you feel as you have his undivided attention.
Richard has consistently given us the great sense of security that he is watching over stuff for us, and I would definitely recommend him and his company to anyone considering a change in their retirement plan service provider.”
Linda Jordan, Co-Owner, Jordan Bros. Plumbing, Hattiesburg, MS
“I became a client of Richard Phillips and DCM Financial Partners about 5 years ago, and I first approached him because I was frankly dissatisfied with the level of service I was receiving from my provider at that time.
It takes time and energy to tailor a retirement plan to the needs of each individual client. That’s not what I was getting before, though it was what I wanted. With DCM, I am getting a better retirement product and service than I got elsewhere. I have certainly saved more pre-tax dollars with them than I did before, and would definitely recommend DCM to someone considering a change.
This is because of the way Richard structured my plan. I simply don’t have the same canned, pre-packaged plan most people in my position believe they have to accept. And even though I have a better plan design now, I am paying less than I did before.
On the investment side, because DCM is not compensated by certain fund families to sell particular funds, I know I am getting more objective advice about, and a much wider selection of, investment products. I’m not limited to buying what someone is paid to sell.
I don’t think I could find another company that could beat Richard and his team on the combination of professional expertise, integrity, and personal attention.
Richard does not sell a product. He lives a service.”
Sonia Smithson, DDS, Brentwood, TN