Dave Dalzell

Principal, Founder & CEO

Mr. Dalzell was Managing Director and Associate Head of Equity Trading Americas at BlackRock. He was also Head Trader of the Boston equity trading desk at BlackRock. He supervised the trading desks at BlackRock while actively executing large and illiquid trades on a daily basis.

Dave has spent his career solving complex trading issues for investment managers, hedge funds, and portfolio managers. Dalzell Trading was founded in 2010 when Dave began providing trade execution services and trading desk management consulting and advisory for the buy-side and sell-side. His clients have included some of the largest investment managers in the world, hedge funds, and broker dealers. He has worked on the equity trading desks of various investment managers and hedge funds including BlackRock, Trinity Investment Management (Oppenheimer Funds Institutional), First Chicago Trading Consultants, and Disciplined Alpha.

Mr. Dalzell graduated from The Pennsylvania State University with an MBA in Finance in 1993. He received a Bachelor of Arts in Business Administration from Augustana College in 1987. In addition to becoming a CFA Charterholder in 1999, Mr. Dalzell holds the Series 24, Series 4, Series 7, Series 57/TP, Series 63, Series 65, and Series 99 registrations.

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Trey Bauer

Principal

Mr. Bauer has spent his career as a professional securities trader and co-founder of financial services companies.  The bulk of his sell-side trading experience was acquired as a Managing Director at Bear Stearns, H.C. Wainright, and Rochdale where he was responsible for trading equity products on behalf of large Institutional money managers, hedge funds and mutual fund companies as well as new business development.

Prior to joining Dalzell Trading in 2018, he co-founded Grand Cul-de-Sac Fund L.P, a real estate investment company specializing in buying, renting and selling residential properties for accredited investors.  His responsibilities varied from company formation and build-out, to asset raising, marketing and project management.  During this time, he also worked as a consultant with privately held companies in sales, marketing and strategic direction and he is a licensed Pennsylvania real estate agent.

Mr. Bauer graduated from The Pennsylvania State University in 1987 with a Bachelor of Arts in Speech Communication. He attended the Frank P. Smeal School of Business becoming the first football player at Penn State to attend business school while simultaneously playing. He was voted Captain of the 1987 team and was a three year starter and 1986 National Championship team member. He was also voted to play in the Senior Bowl after the 1987 season and was voted Captain of that team. Mr. Bauer currently holds the Series 7 and Series 24 registrations.

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Nick Lampone

Principal

Mr. Lampone has spent his career as a professional securities trader and supervisor of sell-side trading desks. From 2002-2017 he worked at Janney Montgomery Scott as a Managing Director and Head of Sales Trading and Trading. He supervised the trading desk at Janney while actively executing trades for clients on a daily basis. Prior to Janney, Nick worked at Knight Trading Group as an Equity Sales Trader where he covered a comprehensive list of major buy-side institutions across the U.S.

Mr. Lampone graduated from West Chester University in 1994 with a Bachelor of Arts in Speech Communication. While attending West Chester, he was President of Sigma Phi Epsilon fraternity. Mr. Lampone holds the Series 24, Series 7, Series 57/TP, Series 6, and Series 63, and Series 99 registrations.

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Jerry Olivetti

Marketing

Mr. Olivetti has spent his career assisting his clients with their wealth management needs as both a registered investment advisor and private client manager. He began his career at Smith Barney in San Francisco, CA. In 1997, he moved to Wellesley, MA and worked in the private client group for A.G. Edwards and then Deutsche Bank Alex Brown in Boston, MA.

In 2002, Mr. Olivetti registered with the Commonwealth of Massachusetts as an independent investment advisor and founded his own firm, Olivetti Capital Management. Strong personal relationships, innovative investment strategies and successful risk management were the founding principles of OCM. Mr. Olivetti brings over 25 years of financial services expertise to Dalzell Trading.

Mr. Olivetti holds the FINRA Series 7, Series 63 and Series 65 licenses. He attended Holderness School ’85 and Connecticut College ’89 and has a Bachelor of Arts in Art History. He lives in Wellesley, MA with his wife and two children.

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We are an outsourced buy-side trading desk focused on equity & options trading.

Dalzell Trading knows that every basis point of performance matters --
Whether augmenting your current trading desk, or fully outsourcing the desk,
our aim is to improve your performance and reduce your expenses.

Our team includes former
heads of trading at BlackRock & Janney,
a head of several businesses from Goldman Sachs and Wells Fargo,
and senior traders from BlackRock.
‍

Your ALIGNED Buy-Side Trading Desk

At Dalzell Trading, we don't think of our Firm as "outsourced",
but as a Firm ALIGNED with YOUR strategy and best interests.

All three of our trading desks
(Boston, Philadelphia, & State College, PA)
have remained 100% operational throughout COVID-19
with the capacity to on-board new clients immediately
(no traders faking it from home).

Outsourced Trading
Investment Advisory

Outsourced Trading

for Hedge Funds and Asset Managers

Our founder, Dave Dalzell, is a former Head of Trading at BlackRock where each trader's focus was on best execution and the needs of the portfolio managers. Dalzell Trading's desk has been built with that same ethos, where the fundamental focus is on best execution and satisfying the unique needs of each manager. We tailor our trading and services to each manager, become part of their team, and act as their dedicated buy-side trading desk while eliminating or reducing the fixed expense of in-house traders.

  • Dalzell Trading is your dedicated Buy-Side Trading Desk --
    We develop an understanding of each manager's needs in order to act as your own trading desk.
  • Our sole focus is on Best Execution --
    We understand that every basis point from execution adds to your performance.
    *3rd-party TCA ranks our execution quality in the 85th percentile (Top 15%) of broker dealers and investment managers (report available upon request)
  • You receive personal trading coverage From a TEAM of traders --
    Our team has over 20 years of experience and will work with your firm to implement customized trading strategies.
  • Each client is Unique --
    We tailor our execution strategy to suit your specific investment process.
  • We offer a full outsourced trading solution or an augmentation of your existing desk --
    Choose between full outsourced trading, or existing trading desks can utilize our proprietary trade execution venues & strategies, and our DR/BCP solution.
Additional Details

Investment Advisory

for clients seeking a trusted & transparent fiduciary relationship

Dalzell Investing's highly experienced registered investment advisors provide trusted and transparent fiduciary investment advisory services utilizing a proprietary asset allocation model. After gaining a thorough understanding of each client’s needs, we customize each client’s portfolio through access to a wide range of investment products, securities, and highly vetted professional investment managers.

We help our clients determine their optimal investment strategy after evaluating their financial and emotional needs related to their investments. We understand the importance of staying committed to sound investment policy through bull and bear markets.  We strive to make smart, long-term goal oriented decisions.  Our team members each have 20+ years of experience helping investors achieve their goals. We work directly with clients on a fee-only basis and are held to a fiduciary standard as a registered investment advisor. We serve no other interest than that of our clients.

  • Individualized Assessment
  • Proprietary Asset Allocation Model
  • Customized for Individuals, Families, Businesses, 401k, and IRA Rollovers
  • High Level of Service, Communication, and Technology
Investment Advisor Client LoginAdditional Details

The Team

Dave Dalzell, CFA

Principal, Founder & CEO

Mr. Dalzell was Managing Director and Associate Head of Equity Trading Americas at BlackRock. He was also Head Trader of the Boston equity trading desk at BlackRock. He supervised the trading desks at BlackRock while actively executing large and illiquid trades on a daily basis. Dave has spent his career solving complex trading issues for investment managers, hedge funds, and portfolio managers. Dalzell Trading was founded...

Read Full Bio

Trey Bauer

Principal

Read Full Bio

Mr. Bauer has spent his career as a professional securities trader and co-founder of financial services companies. The bulk of his sell-side trading experience was acquired as a Managing Director at Bear Stearns, H.C. Wainright, and Rochdale where he was responsible for trading equity products on behalf of large Institutional money managers and hedge funds. Prior to joining Dalzell Trading...

Nick Lampone

Principal & Director of Trading

Mr. Lampone has spent his career as a professional securities trader and supervisor of sell-side trading desks. From 2002-2017 he worked at Janney Montgomery Scott as a Managing Director and Head of Sales Trading and Trading. He supervised both the Institutional and Retail trading desks at Janney, in addition to the Equity Operations Group, while actively executing trades for clients on a daily basis. Prior to Janney...

Read Full Bio

Jerry Olivetti

Marketing & Client Service

Mr. Olivetti has spent his career assisting his clients with their wealth management needs as both a registered investment advisor and private client manager. He began his career at Smith Barney in San Francisco, then worked in the private client groups of A.G. Edwards and Deutsche Bank Alex Brown in Boston, MA. In 2002, Mr. Olivetti founded his own firm, Olivetti Capital Management...

Read Full Bio

The Team

Dave Dalzell, CFA

Principal, Founder, & CEO


Mr. Dalzell is a former Managing Director and Associate Head of Equity Trading Americas at BlackRock where he was instrumental in building one of the largest, most respected, professional buy-side trading desks in the world. Dave was also head of BlackRock's Boston equity and options trading desk while actively trading on a daily basis and delivering value added services tailored to the needs of each portfolio manager.

Dave created Dalzell Trading to provide all Managers access to a premier buy-side trading desk, similar to what he helped build at BlackRock, at no fixed cost to their firm. His clients have included some of the largest investment managers in the world, hedge funds, and broker dealers. He has worked on the equity trading desks of various investment managers and hedge funds including BlackRock, Trinity Investment Management (Oppenheimer Funds Institutional), First Chicago Trading Consultants, and Disciplined Alpha.

Mr. Dalzell earned an MBA in Finance from The Pennsylvania State University and a Bachelor of Arts in Business Administration from Augustana College. In addition to being a CFA Charterholder, Mr. Dalzell holds the following FINRA registrations: Series 24, 4, 7, 57/TP, 63, 65, and 99.

DDalzell@DalzellTrading.com

Trey Bauer

Principal & Head of Business Development


Mr. Bauer is a former senior sell-side trader whose experience was acquired as a Managing Director at Bear Stearns, H.C. Wainright, and Rochdale where he was responsible for trading equity products on behalf of large Institutional money managers, hedge funds and mutual fund companies as well as new business development. Trey has spent his career as a professional securities trader and co-founder of financial services companies.

Prior to joining Dalzell Trading, he co-founded Grand Cul-de-Sac Fund L.P, a real estate investment company specializing in buying, renting and selling residential properties for accredited investors. His responsibilities varied from company formation and build-out, to asset raising, marketing and project management. During this time, he also worked as a consultant with privately held companies in sales, marketing and strategic direction.
‍
Mr. Bauer graduated from The Pennsylvania State University with a Bachelor of Arts in Speech Communication. He attended the Smeal College of Business, becoming the first business graduate student to also play football at Penn State. He was voted Captain of the 1987 team, was a three year starter, and 1986 National Championship team member. He was also voted to play in the Senior Bowl after the 1987 season and was voted Captain of that team. Mr. Bauer holds the following FINRA registrations: Series 24, 7, 57/TP, and 63.

TBauer@DalzellTrading.com

Nick Lampone

Principal & Director Of Trading


Mr. Lampone is a former Managing Director and Head of Sales Trading and Trading at Janney Montgomery Scott. He supervised the trading desk at Janney while actively executing trades for clients on a daily basis. Prior to Janney, Nick worked at Knight Trading Group as an Equity Sales Trader where he covered a comprehensive list of major buy-side institutions across the U.S. Nick has spent his career as a professional securities trader and supervisor of sell-side trading desks.

Mr. Lampone graduated from West Chester University with a Bachelor of Arts in Speech Communication. While attending West Chester, he was President of Sigma Phi Epsilon fraternity. Mr. Lampone holds the following FINRA registrations: Series 24, 7, 57/TP, 6, 63, 65, and 99.

NLampone@DalzellTrading.com

Lance Meyerowich

Chief Revenue Officer


Lance Meyerowich is Chief Revenue Officer for Dalzell Trading, where he is responsible for accelerating the firm’s growth. With more than 20 years of Wall Street experience in various leadership positions, Lance understands all facets of the financial industry.

Prior to Dalzell, Lance served as Managing Director and Head of Delta One Sales at Wells Fargo. He provided the leadership that built the Equity Division’s highest growth business, achieving triple-digit, year-over-year revenue increases while adding numerous new clients.

Earlier, Lance spent 17 years at Goldman Sachs, launching his career on the Nasdaq trading desk and advancing to Head of Equity Sales on the Cross-Asset Desk. He also served as Co-Head of Execution Services for the Synthetic Products Group.

His career includes entrepreneurial experience. In 2014, the CEO of Coupons.com recruited him for VP of Investor Relations to support the company’s upcoming IPO. Lance conceptualized and established the investor relations strategy, organization and messaging to galvanize awareness and positive perceptions of the company among investors and Wall Street analysts.

Lance earned an MBA in Finance and Management from NYU’s Stern School of Business and a Bachelor of Business Administration from the University of Wisconsin, Madison. He holds the following FINRA registrations:Series 9/10, 7, 3, 63, and 55.

LMeyerowich@DalzellTrading.com

John Stefanelli

Equity and Options Trading


Mr. Stefanelli is a former Director of Trading at BlackRock where he spent 17 years trading U.S and Global Equities for Portfolio Managers on the BlackRock Fundamental Equities platform. His experience includes trading for Small, Mid, and Large Cap Growth and Value products along with a Long/Short Healthcare Hedge fund. Most recently Mr. Stefanelli was Head Trader at Schneider Capital Management trading U.S. Small Cap stocks as well as U.S. Equity index options.

Mr. Stefanelli graduated from The Pennsylvania State University with a Bachelor of Science in Marketing and a Minor in Business Logistics. Mr. Stefanelli holds the following FINRA registrations:Series 7, 57, and 63.

JStefanelli@DalzellTrading.com

Media Center

Recent Articles & News

IEX Boxes & Lines -- When the Buyside Outsources

David Dalzell, CEO and Founder of Dalzell Trading, Lance Meyerowich, Chief Revenue Officer of Dalzell Trading, and Brian Moran, CEO and Founder of FLX Distribution, join Ronan and JR to talk about the reasons buyside firms consider outsourcing aspects of their trading and distribution functions, how COVID is forcing everyone to try an “outsourced” model, and the keys to successful partnership.

Listen to Podcast
Dalzell Trading Hires Former Goldman Sachs Executive

We are thrilled to announce that Lance Meyerowich has joined Dalzell Trading as Chief Revenue Officer. Lance's experience as the "Head" of various groups at Goldman Sachs and Wells Fargo, along with his extensive industry contacts will be of great value to our clients.

Click Here to See PDF
Outsourced Trading & COVID-19

In our opinion, COVID-19 has fundamentally altered the way buy-side firms view outsourced trading. Take a look at the following two-pager from Dalzell Trading.

Click Here to See PDF
Your Outsourced Buy-Side Trading Desk

It is shocking to us how many hedge funds and investment managers do not know they are able to outsource their equity and options trading at virtually no expense to their firm, while potentially improving performance, utilizing our highly experienced team of traders.

Click Here to See PDF
Dalzell Trading -- Making Tracks

“Many Wall Street firms seemed to have abandoned professional trading and the coverage of buy-side managers,” says Dalzell. “Of course, the largest clients still get coverage, but mid-sized and small clients get little to none since buy-side managers have decided to eliminate so many of their execution counter-parties. This creates a universe of thousands of potential clients for us – we provide the professional trading that Wall Street has abandoned.”

Full Magazine Article Here
Interview with Nick Lampone, Director of Trading

Larry Tabb interviews Dalzell Trading about outsourced trading. "...all firms will eventually outsource at least some of their orderflow" states Nick Lampone of Dalzell Trading.

Watch Interview

Leading Technology

Current Technology Solutions and Seamless Integration for our Clients

Dalzell Trading strives to utilize best in class technology.  We have chosen technology solutions that work efficiently and seamlessly with our clients’ systems. Our technology infrastructure includes LiquidityBook's Outsourced Trading OMS, Eikon Market Analytics and Redi+ EMS, Westminster CSA Aggregation, Instinet Plazma Commission Management, and InfoHedge Technologies IT Support.

Dalzell Mission Statement

WE ARE a company that was founded to solve our clients' complex trading issues
and provide unique solutions for each client.
We will strive every day to be a team of winners working on behalf of our clients.
Our company will be ethical, trustworthy and treat everyone with respect.
Our commitment to excellence every day in every aspect of our business
drives us to perform at the highest level for the clients of DALZELL TRADING.

News & Press

  • Stay tuned for News & Press about Dalzell Trading
Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
Check the background of this firm on FINRA's Brokercheck.
Dalzell Trading Privacy Policy (link)
Dalzell Trading 4370(e) BCP (link)
Dalzell Trading 606 (link)
Terms and Conditions of Use - Website Policy (link)
*3rd-party TCA report available upon request to prospective and current institutional clients. Past TCA performance does not necessarily predict future results.

Dalzell Trading

Trading Desks in Boston, Philadelphia, and State College, PA

Main: (617) 340-5313

Sales@DalzellTrading.com

Contact us