Douglas A. Kartsen, CFA®
DAK Financial Services

Tel: 860-269-8130
11 Wintergreen Ln
Avon, CT 06001

Financial Planning & Investment Management

About Douglas A. Kartsen

As a fiduciary, I assist individuals and families with their investing and financial planning needs. Having served institutional and individual investors for nearly 20 years, I specialize in pre- and post-retirement investing, estate and college planning, and risk management.

The CFA® Institute's rigorous course of study guides my philosophy towards portfolio management and for maintaining the highest ethical standards for myself and the firm. I completed the CFA® program in 2001 and remain a CFA® Charterholder and member of the CFA® Society Hartford.

Analytical and conservative by nature, I began my career as an engineer at United Technologies (Pratt & Whitney). There I received a U.S. patent in manufacturing and worked with emerging technologies and in strategic planning. This was a great opportunity to understand the internal operations of "big business" and to witness the global effects of technological evolution from initial development to market disruption. That has served me well as an investor and advisor in a rapidly changing world.

Later, I held Vice President positions with banking giants Sovereign Bank and HSBC. During this period I served as a corporate lender, investment banker, private equity portfolio manager and as Head of Investments and Wealth Management for sub-Saharan Africa.

In my spare time, I enjoy whitewater kayaking, skiing, travel and spending time with family. A dedicated participant in community affairs, I have held leadership positions in the Rotary Club, Farmington Chamber of Commerce, and the Urban League of Greater Hartford.

About DAK Financial Services

DAK Financial Services is a Registered Investment Advisor in the State of Connecticut. An independent firm, we work closely with individuals and families to help them define and realize their financial and investment objectives. Let us help you to achieve your goals.

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General Information

Firm Start Year:   2016
No. of Employees:   1
Name of Custodial Firm:   Charles Schwab and Wells Fargo Clearing Services
States Licensed in:   CT

Qualifications & Memberships

Insurance and Annuity Licenses:   Long Term Care, Annuity, Life

Compensation and Fees

Fee Structure:   Fee-Based
Compensation Methods:   Flat Fee, Based on Assets, Hourly


Bachelor of Science  - Mechanical Engineering   University of New Hampshire
Master of Business Administration   Rensselaer Polytechnic Institute
Master of Science  - Management with concentration in Finance   Rensselaer Polytechnic Institute


Why should I choose you as my financial advisor?

I have been serving the investment and planning needs of individual clients since 2006 and was the Director of Planning for a sizable local firm. I am a CFA charterholder and have a BS in Engineering, MS in Management and an MBA.

How do you charge for your services?

I am fee-based manager and charge based on account size. Compensation for planning is either flat-fee or hourly-based.

How are you compensated? How will I pay for your services?

I am fee-based manager and charge based on account size. Compensation for planning is either flat-fee or hourly-based.

If you are going to manage my account, will you obtain my permission every time you buy or sell something?

I have discretionary trading authority for most accounts and permission is not required. Where permission is prefered, such as for investments with a low cost basis, that can be accommodated.

Will you be the only person working with me?




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Additional Detailed Disclosures



Registered Investment Advisor:


Acknowledged fiduciary:


Compliance Disclosures in Last 5 years:

Have a clean record

Criminal Disclosures in Last 5 years:

Have a clean record

Office Hours

Mon. 9:00 AM - 6:00 PM
Tue. 9:00 AM - 6:00 PM
Wed. 9:00 AM - 6:00 PM
Thu. 9:00 AM - 6:00 PM
Fri. 9:00 AM - 5:00 PM