Description of Firm
RFG Holdings Inc. doing business as RFG Wealth Advisory is a registered investment adviser based
in Argyle, TX. We are organized as an S-Corporation under the laws of the State of Texas. We have
been providing investment advisory services since 2015. Christopher Todd Robinson is our firm's
President, Chief Compliance Officer, and sole owner of our firm.
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we", "our" and "us" refer to RFG Wealth Advisory and the
words "you", "your" and "client" refer to you as either a client or prospective client of our firm.
Wealth Management Services
Our firm offers wealth management services where we manage our clients’ investments within the
larger context of the client’s overall portfolio management and planning process. Wealth management
services consist of ongoing financial consulting and/or planning services and discretionary or non-
discretionary management services. For clients requiring financial planning services beyond the
ongoing complimentary consulting advice, clients may engage our firm for enhanced financial planning
and consulting services where we provide a customized financial plan with ongoing updates and
consulting services to match the needs of the client.
Our services include an initial consultation along with follow up consultations, as may be agreed,
to discuss your unique investment objectives, time horizon, risk tolerance, tax circumstances, and
various other financial factors. We will ask that you complete certain investor questionnaires,
onboarding forms, and other documents (such as, for example, a client profiling and risk questionnaire)
to assist us in gathering information about your financial needs and circumstances.
Based on our evaluation of the foregoing factors, we will use the information we gather to develop a
strategy that enables our firm to give you continuous and focused investment advice and/or to make
investments on your behalf. As part of our wealth management services, we will customize an
investment portfolio for you in accordance with your risk tolerance and investing objectives. Once we
construct an investment portfolio for you, we will monitor your portfolio's performance on an ongoing
basis, and will periodically rebalance the portfolio as required by, among other things, changes in
market conditions and in your financial circumstances.
If you participate in our discretionary management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow us to determine
the specific securities, and the amount of securities, to be purchased or sold for your account without
your approval prior to each transaction. Discretionary authority is typically granted by the investment
advisory agreement you sign with our firm and the appropriate custodial trading authorization forms. In
our sole discretion, we may allow you to limit our discretionary authority (for example, limiting the types
of securities that can be purchased for your account) by providing our firm with your restrictions and
guidelines in writing. If you enter into non-discretionary arrangements with our firm, we must obtain
your approval prior to executing any transactions on behalf of your account.
In some instances, we may use one or more sub-advisers to manage a portion of your account on a
discretionary basis. The sub-adviser(s) may use one or more of their model portfolios to manage your
account. We will regularly monitor the performance of your accounts managed by sub-adviser(s), and
may hire and fire any sub-adviser without your prior approval. We may pay a portion of our advisory
fee to the sub-adviser(s) we use; however, you will not pay our firm a higher advisory fee as a result of
any sub-advisory relationships.
Management of Held Away Assets
As part of our wealth management services, we provide asset allocation review, rebalancing and
management services for accounts that are not held in custody of the qualified custodian(s)
recommended by our firm. These services are provided through an account aggregation service called
Pontera. The service primarily applies to ERISA and non-ERISA plan assets such as 401(k)s and
403(b)s, and other assets that must be held in custody of the plan custodian(s). We regularly review
the available investment options in these accounts, monitor them, and periodically rebalance and
implement our strategies using different tools, as necessary. If you elect to allow our firm to manage
your assets through Pontera, you will be notified via email when we place trades through Pontera.
Under no circumstances will we possess privileges that would impute custody to our firm under
applicable rules and regulations, including, but not limited to: maintaining your account log-in
credentials on file; having the ability to change your address on record or ability to authorize
distributions from your accounts; or authorization to open any new accounts on your behalf through the
web-based platform.
Web-Based Portfolio Management Services
We provide portfolio management services through Institutional Intelligent Portfolios™, an automated,
online investment management platform for use by independent investment advisors and sponsored
by Schwab Wealth Investment Advisory, Inc. (the “Program” and “SWIA,” respectively). Through the
Program, we offer clients a range of investment strategies we have constructed and manage, each
consisting of a portfolio of exchange traded funds (“ETFs”) and a cash allocation. The client’s portfolio
is held in a brokerage account opened by the client at SWIA’s affiliate, Charles Schwab & Co., Inc.
(“CS&Co”). We are independent of and not owned by, affiliated with, or sponsored or supervised by
SWIA, CS&Co or their affiliates (together, “Schwab”). The Program is described in the Schwab Wealth
Investment Advisory, Inc. Institutional Intelligent Portfolios™ Disclosure Brochure (the “Program
Disclosure Brochure”), which is delivered to clients by SWIA during the online enrollment process.
We, and not Schwab, are the client’s investment advisor and primary point of contact with respect to
the Program. We are solely responsible, and Schwab is not responsible, for determining the
appropriateness of the Program for the client, choosing a suitable investment strategy and portfolio for
the client’s investment needs and goals, and managing that portfolio with discretionary authority on an
ongoing basis. SWIA’s role is limited to delivering the Program Disclosure Brochure to clients and
administering the Program so that it operates as described
in the Program Disclosure Brochure.
We have contracted with SWIA to provide us with the technology platform and related trading and
account management services for the Program. This platform enables us to make the Program
available to clients online and includes a system that automates certain key parts of our investment
process (the “System”). The System includes an online questionnaire that helps us determine the
client’s investment objectives and risk tolerance and select an appropriate investment strategy and
portfolio. Clients should note that we will recommend a portfolio via the System in response to the
client’s answers to the online questionnaire. The client may then indicate an interest in a portfolio that
is one level less or more conservative or aggressive than the recommended portfolio, but we then
make the final decision and select a portfolio based on all the information we have about the client.
The System also includes an automated investment engine through which we manage the client’s
portfolio on an ongoing basis through automatic rebalancing and tax-loss harvesting (if the client is
eligible and elects).
We do not receive a portion of a wrap fee for our services to clients through the Program. Clients do
not pay fees to SWIA in connection with the Program, but we charge clients a fee for our services as
described below under Item 5 Fees and Compensation. Our fees are not set or supervised by Schwab.
Clients do not pay brokerage commissions or any other fees to CS&Co as part of the Program.
Schwab does receive other revenues in connection with the Program, as described in the Program
Disclosure Brochure.
We do not pay SWIA fees for its services in the Program so long as we maintain a certain threshold
of client assets in accounts at CS&Co that are not enrolled in the Program. If we do not meet this
condition, then we pay SWIA an annual fee based on the value of our clients’ assets in the Program.
This fee arrangement gives us an incentive to recommend or require that our clients with accounts not
enrolled in the Program be maintained with CS&Co.
Financial Planning Services
We offer stand-alone financial planning services which typically involve providing a variety of advisory
services to clients regarding the management of their financial resources based upon an analysis of
their individual needs. These services can range from broad-based financial planning to consultative or
single subject planning.
Financial plans are based on your financial situation at the time we present our recommendations
and/or plan to you, and on the financial information you provide to us. You must promptly notify our
firm if your financial situation, goals, objectives, or needs change. You are under no obligation to act on
our financial planning recommendations. Should you choose to act on any of our recommendations
you are not obligated to implement the financial plan through any of our other investment advisory
services, and you may act on our recommendations by placing securities transactions with any
brokerage firm.
Portfolio Consulting
We provide portfolio consulting services where the investment advice provided is custom tailored to
meet your needs and investment objectives. Such services typically involve the review of your
investment portfolio where we may recommend an investment allocation model and/or provide
recommendations for rebalancing the investment portfolio in efforts to achieve your target allocation
based on your investment profile. Services may also consist of a risk tolerance assessment, asset
allocation recommendations, monitoring your account. We will not cause any transactions in
conjunction with the advice and/or recommendations given as you will be responsible for implementing
our investment recommendations. To the extent we have access to your closing quarterly account
statements, we will monitor your account on a quarterly basis to ensure the account remains aligned
with your stated financial objectives. Under no circumstances do we maintain your account log-in
credentials on file. You are free at all times to accept or reject any of our investment recommendation.
You are under no obligation to act on our recommendations. Should you choose to act on any of our
recommendations, you are not obligated to implement such recommendations through any of our other
investment advisory services. Portfolio consulting services are based on your financial situation at the
time we deliver the services to you, and on the financial information you provide to us. You must
promptly notify our firm if your financial situation, goals, objectives, or needs change.
Types of Investments
We primarily offer advice on equity securities, corporate debt securities, mutual fund shares, and
exchange traded funds. Additionally, we may advise you on various types of investments based on
your stated goals and objectives. We may also provide advice on any type of investment held in your
portfolio at the inception of our advisory relationship.
IRA Rollover Recommendations
For purposes of complying with the DOL’s Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”)
where applicable, we are providing the following acknowledgment to you.
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income
Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement
accounts. The way we make money creates some conflicts with your interests, so we operate under a
special rule that requires us to act in your best interest and not put our interest ahead of yours. Under
this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent
advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of December 31, 2023, we provide continuous management services for approximately
$273,144,878 in client assets managed on a discretionary basis.