Orgel Wealth Management, LLC

The portfolio is heavily concentrated in Exchange Traded Funds (ETFs), which account for approximately 88.5% of the total value ($4.01B). This structure suggests a "core-satellite" or purely passive investment philosophy where the firm utilizes broad market exposure rather than engaging in extensive individual security selection. The strategy appears to be focused on asset allocation and factor investing rather than stock picking.

2. Key Holdings

The portfolio is dominated by large-cap, factor-specific, and fixed income ETFs. The top ten holdings comprise nearly 70% of the total portfolio value, indicating a high conviction in these core positions.