Our Story and Services

About The Dutro & Russell Group
We are a hardworking financial planning team that offers first-class financial management to families and businesses in the North State. Our passion is partnering with our clients to help them plan for the future, invest with confidence, and achieve the financial future they envision.

Our job is to take the anxiety out of managing money and bring predictability to the unknown - allowing our clients to focus on their families, businesses, and personal passions.

OUR PROMISE

The Dutro and Russell Group takes a unique approach that is different from most financial advisors. Our loyalty is to our clients first, and our pledge is to put your individual goals and needs above all else. Our service model is built on clear communication, expertise, and trust.

OUR VALUES

We believe our clients deserve first-class service that fits their unique priorities, values, and life events. Financial literacy is essential for healthy communities. We seek out opportunities to teach the building blocks of prosperity and invest in the community through financial education.
Services Include
  • Estate Planning Strategies1
  • Executive Financial Services2
  • Financial Planning3
  • Fixed Income4
  • Lending Products
  • Long Term Care Insurance5
  • Planning for Education Funding6
  • Professional Portfolio Management7
  • Qualified Retirement Plans8
  • Retirement Planning9
  • Sustainable Investing10
  • 529 Plans11
  • Cash Management12
  • Corporate Retirement Plans13
  • Life Insurance14
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Planning

Life is full of important questions. We build complete financial plans that help you find the right answers as you consider investing, business services, retirement, and cash management.

      Elliott Dutro Recognized by Forbes Magazine

      It is our pleasure to report that Elliott Dutro was recently included by Forbes on their list of “America’s Top Next Generation Wealth Advisors.” Mr. Dutro had this to say:

      “I am deeply honored by this recognition, as it is a reflection of the professionalism, service and dedication I bring to every client relationship. But, more than any accolade, I feel privileged that you have placed your trust in me to help you and your family achieve the financial future you envision.”

      Source: Forbes Magazine (July 2018). Data provided by SHOOKTM Research, LLC. Data as of 03/31/18. SHOOK considered Financial Advisors born in 1980 or later with a minimum 4 years relevant experience, who have: built their own practices and lead their teams; joined teams and are viewed as future leadership; or a combination of both. Ranking algorithm is based on qualitative measures: telephone and in-person interviews, client retention, industry experience, credentials, review of compliance records, firm nominations; and quantitative criteria, such as: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. The rating may not be representative of any one client’s experience and is not indicative of the Financial Advisor’s future performance. Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors pays a fee to Forbes or SHOOK Research in exchange for the ranking. For more information see www.SHOOKresearch.com.

        Location

        555 Main Street
        Suite 100
        Chico, CA 95928
        US
        Direct:
        (530) 879-3260(530) 879-3260
        Toll-Free:
        (866) 703-2921(866) 703-2921

        Meet The Dutro and Russell Group

        Photo of Kelly Deher

        Kelly Deher

        Client Service Associate

        About Me

        Born in Chico, Elliott grew up working on the family farm alongside his father and grandfather.  He discovered his passion for financial services after starting in the lending industry in 2005.  In 2009,  Elliott began his financial planning career with J.P. Morgan and in 2014 moved his practice to Morgan Stanley.  He specializes in complete financial planning, advising clients on how to save for college, how to generate income in retirement, estate planning and everything in between.  Elliott has a particular talent for making complex financial topics simple and easy to understand.  

        “The goal of financial planning is not just to make money, it’s so that the existence of the plan provides peace of mind and freedom to focus on the things in life more important than money.  Poor money management can cause stress, health problems, strain marriages and business relationships.  Good money management can unlock a new clarity, confidence and security for a person to be the best version of themselves.”

        Elliott feels a strong responsibility to his community, volunteering to serve on the 2016/2017 Butte County Grand Jury and actively serves on the governing board of the Boys and Girls Club of the North Valley.  He married his wife Jenn in 2010 and together they have 2 children, Scarlet and Oliver.  In his spare time, Elliott enjoys fishing, restoring Ford Mustangs, gardening/farming, smoking meats and wine tasting.
        Securities Agent: CA, WA, VA, UT, TX, SD, OR, OK, NY, NV, NC, FL, CO, AZ, AR; General Securities Representative; Investment Advisor Representative
        NMLS#: 1520217
        CA Insurance License #: 0G89027

        About Me

        Levi Russell joined Morgan Stanley and partnered with his brother-in-law Elliott Dutro to form the Dutro and Russell Group. Levi specializes in helping families and individuals develop and implement financial plans that provide confidence during life’s big transitions and unexpected moments.

        “Personal experience has convinced me that nothing takes the place of a comprehensive plan, good advice, and absolute trust between an advisor and client. I’m in this business to help take the stress out of managing money. I take personal interest in the lives of my clients and care about them like family.”

        Levi grew up enjoying the outdoors in Alaska, where he taught as a ski instructor and earned a B.A. from the University of Alaska. As a third generation pilot, Levi learned to fly bush planes from his father. Before his career as a Financial Advisor, Levi spent a decade working in public affairs, specializing in media relations and issue advocacy in roles that spanned from Sacramento to Washington, D.C.

        After joining Morgan Stanley as a Financial Advisor, Levi and his wife Laura were thrilled to move closer to family in Laura’s hometown of Chico, with their daughter Afton.
        Securities Agent: CA, WA, VA, TX, NV, NC, FL, DC, AR; General Securities Representative; Investment Advisor Representative
        NMLS#: 1800848

        About Me

        Kelly Deher grew up playing in the sun and waves in the small beachside town of Lompoc, California.
        During a visit to Chico in 2006, she fell in love with the natural beauty and local community, and soon after fell in love with her soon-to-be husband Shaun.
        Kelly attended Chico State University and graduated with a Bachelor’s degree. Initially planning to teach mathematics, Kelly’s passion for helping others and crunching numbers ultimately led her to a career with Morgan Stanley.
        Kelly, Shaun and their dogs regularly go for walks in Bidwell Park and head to the Sacramento River on the weekends. Kelly’s passion for cooking has grown over the years and she can often be found on Saturday mornings strolling through the farmers market in search of local produce for a new recipe! When she is not cooking Kelly enjoys crafting and sewing for special Christmas gift ideas.
        Investment and Market Perspectives

        On the Markets

        Business Planning

        Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
        • Succession Planning
        • Business Planning
        • Retirement Plan Sponsors
        • Qualified Retirement Plans
        • Corporate Pension Funds
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        Family

        Creating customized financial strategies for the challenges that today's families face.
        • Estate Planning Strategies
        • 529 Plans / Education Savings Planning
        • Long Term Care Insurance
        • Special Needs Planning
        • Trust Services
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        Investing

        Working closely with you to guide your wealth and investments through the most challenging market cycles.
        • Asset Management
        • Wealth Planning
        • Traditional Investments
        • Alternative Investments
        • Impact Investing
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        Philanthropy

        Making sure your philanthropic dollars are managed with the same high quality service as the rest of your wealth.
        • Endowments
        • Foundations
        • Donor Advised Funds
        • Impact Investing
        A New Roadmap for Mission Alignment

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        Non-profits, foundations and endowments need to ensure that their sources of capital are in sync with their stated goals.

        Retirement

        Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
        • 401(k) Rollovers
        • IRA Plans
        • Retirement Income Strategies
        • Retirement Plan Participants
        • Annuities
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        Ready to start a conversation? Contact The Dutro and Russell Group today.
        Market Information Delayed 20 Minutes
        1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

        2Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

        3Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.

        4Fixed Income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall.

        5Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

        6Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

        7Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be suitable for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.

        8Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

        9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

        10The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.

        11Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.

        12Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

        Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

        13Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

        14Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

        The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.

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        The securities/instruments, services, investments and investment strategies discussed in this material may not be suitable for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

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        *References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.


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