THWM offers a variety of advisory services, which include financial planning, consulting, and investment
management services. Prior to THWM rendering any of the foregoing advisory services, clients are required
to enter into one or more written agreements with THWM setting forth the relevant terms and conditions of
the advisory relationship (the “Advisory Agreement”).
THWM filed for registration as an investment adviser in September 2017 and is owned by Taylor Hoffman,
Inc. As of December 31, 2023, THWM had $304,339,242 in assets under management, $231,825,009 of
which was managed on a discretionary basis and $72,514,233 of which was managed on a non-discretionary
basis.
While this brochure generally describes the business of THWM, certain sections also discuss the activities
of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons occupying
a similar status or performing similar functions), employees, or any other persons who provide investment
advice on THWM’s behalf and are subject to the Firm’s supervision or control.
Financial Planning and Consulting Services
THWM offers clients a broad range of financial planning and consulting services, which includes any or
all of the following services:
• Business Planning • Retirement Planning
• Cash Flow Forecasting • Risk Management
• Trust and Estate Planning • Charitable Giving
• Financial Reporting • Distribution Planning
• Investment Consulting • Tax Planning
• Insurance Planning • Manager Due Diligence
• Tax Return Preparation
While financial planning and consulting services are available on a stand-alone basis, certain of them can
also be rendered in conjunction with investment portfolio management as part of a comprehensive wealth
management engagement (described in more detail below).
In performing these services, THWM is not required to verify any information received from the client or
from the client’s other professionals (e.g., attorneys, accountants) and is expressly authorized to rely on
such information. THWM recommends certain clients engage the Firm for additional related services and/or
other professionals to implement its recommendations. Clients are advised that a conflict of interest exists
for the Firm to recommend that clients engage THWM or its affiliates to provide (or continue to provide)
additional services for compensation, including investment management services. Clients retain absolute
discretion over all decisions regarding implementation and are under no obligation to act upon any of the
recommendations made by THWM under a financial planning or consulting engagement. Clients are
advised that it remains their responsibility to promptly notify the Firm of any change in their financial
situation or investment objectives for the purpose of reviewing, evaluating, or revising THWM’s
recommendations and/or services.
Wealth Management Services
THWM provides clients with wealth management services that include a broad range of comprehensive
financial planning and consulting services as well as discretionary and/or non-discretionary management
of investment portfolios.
THWM primarily allocates client assets among various mutual funds, exchange-traded funds (“ETFs”),
individual debt and equity securities, alternative instruments (including private funds), and independent
investment managers (“Independent Managers”) in accordance with their stated investment objectives.
Where appropriate, the Firm also provides advice about any type of legacy position or other investment
held in client portfolios. Clients can engage THWM to manage and/or advise on certain investment products
that are not maintained at their primary custodian, such as variable life insurance, annuity contracts, assets
held in employer-sponsored retirement plans, and qualified tuition plans (i.e., 529 plans). In these situations,
THWM directs or recommends the allocation of client assets among the various investment options
available with the product. These assets are generally maintained at the underwriting insurance company
or the custodian designated by the product’s provider.
THWM tailors its advisory services to meet the needs and objectives of its individual clients and seeks to
ensure, on a continuous basis, that client portfolios are managed in a manner consistent with those needs
and objectives. THWM consults with clients on an initial and ongoing basis to assess their specific risk
tolerance, time horizon, liquidity constraints, and other factors relevant to the management of their
portfolios. Clients are advised to promptly notify THWM
if there are changes in their financial situation or
if they wish to place any limitations on the management of their portfolios. Clients can impose reasonable
restrictions or mandates on the management of their accounts if THWM determines, in its sole discretion,
that the conditions would not materially impact the performance of a management strategy or prove overly
burdensome to the Firm’s management efforts.
Use of Independent Managers
As mentioned above, in limited circumstances, THWM selects certain Independent Managers to actively
manage a portion of its clients’ assets. The specific terms and conditions under which a client engages an
Independent Manager may be set forth in a separate written agreement with the designated Independent
Manager. In addition to this brochure, clients may also receive the written disclosure documents of the
respective Independent Managers engaged to manage their assets.
THWM evaluates a variety of information about Independent Managers, which includes the Independent
Managers’ public disclosure documents, materials supplied by the Independent Managers themselves, and
other third-party analyses the Firm believes are reputable. To the extent possible, the Firm seeks to assess
the Independent Managers’ investment strategies, past performance, and risk results in relation to its clients’
individual portfolio allocations and risk exposure. THWM also takes into consideration each Independent
Manager’s management style, returns, reputation, financial strength, reporting, pricing, and research
capabilities, among other factors.
THWM continues to provide services relative to the discretionary or non-discretionary selection of the
Independent Managers. On an ongoing basis, the Firm monitors the performance of those accounts being
managed by Independent Managers. THWM seeks to ensure that the Independent Managers’ strategies and
target allocations remain aligned with its clients’ investment objectives and overall best interests.
Retirement-Plan Services
In limited circumstances, THWM provides consulting services to qualified employee benefit plans and
their fiduciaries. Each engagement is individually negotiated and customized and may include services
such as consulting on plan design, preparation of an investment policy statement, selection of plan menu
options, and education services for plan participants.
In limited circumstances, THWM also provides portfolio management services to eligible retirement
plans and exercises discretion in managing the assets of such plans.
Management of Collective Investment Vehicle
THWM’s affiliate, Taylor Hoffman Capital Management, LLC (“THCM”), serves as the general partner of
and investment adviser to an affiliated private investment fund, the Hadleigh Fund LP (the “Fund”).
Securities in the Fund are privately offered pursuant to Regulation D under the Securities Act of 1933, as
amended (“Securities Act”). The Fund currently relies on an exemption from registration as an investment
company pursuant to the Investment Company Act of 1940, as amended (“Company Act”). To invest in the
Fund, an investor must qualify as both a “qualified client,” as defined in Rule 205-3(d) under the Investment
Advisers Act of 1940, as amended (“Advisers Act”), and an “accredited investor,” as defined in Rule 501(a)
under the Securities Act. Investors must make their own independent decision as to whether to invest in the
Fund. An investment in the Fund involves a significant degree of risk. Information relating to the Fund,
including information relating to investment objectives and strategies, investment terms, risk factors, and
potential conflicts of interest, are set forth in the Private Placement Memorandum (“PPM”), Second
Amended and Restated Limited Partnership Agreement (“LPA”), and/or Subscription Agreement (together
with the PPM and LPA, the “Offering Documents”), which each investor is required to receive and/or
execute prior to being accepted as an investor in the Fund.
THWM may recommend that certain of its clients invest a portion of their assets in the Fund. While THWM
waives any investment management fees with respect to any client assets invested in the Fund, THWM
nonetheless has an incentive to recommend an investment in the Fund because THCM could potentially
earn more in compensation as a result of managing the client’s assets through the Fund than THWM could
earn by investing the client’s assets in other investments, which ultimately benefits THWM. Nonetheless,
THWM has an obligation to ensure that any recommendation of an investment, including an investment in
the Fund, is suitable for the client.