FWM is owned by Kathleen M. Longo and has been providing comprehensive wealth management services since April 2014. FWM is a registered investment adviser with the Securities Exchange Commission. As of December 31, 2023, FWM managed $327,756,365 with $302,334,443 on a discretionary basis and $25,421,923 on a non-discretionary basis.
FWM provides wealth management services including investment advisory services to individuals, high net worth individuals, trusts, and foundations. As a registered investment adviser, FWM is held to the highest standard of client care – a fiduciary standard. As a fiduciary, FWM always puts our clients’ interests first and must fully disclose any potential conflict of interest.
Wealth Management and Investment Management Services: FWM manages investment portfolios for individuals (including high net worth individuals), trusts, qualified retirement plans, charitable organizations and businesses. FWM works with clients to determine the client's specific investment objectives which may be set forth in a written Investment Policy Statement that describes an asset allocation model that conforms to a client’s risk tolerance level. The determination of an appropriate portfolio for each client is a function of current and future cash flow needs, risk tolerance, time horizon, goals, and modeled returns. Investment and portfolio allocation software may be used to evaluate alternative portfolio designs. FWM evaluates the client's existing investments with respect to the client's investment policy statement. FWM works with new clients to develop a plan to transition from the client's existing portfolio to the desired portfolio.
FWM will typically create a portfolio of no-load mutual funds or ETFs and may use model portfolios if the models match the client's investment policy. FWM will allocate the client’s assets among various investments taking into account the overall risk profile selected by the client. FWM prefers passive investments through mutual funds and ETFs that offer low expense ratios, high transparency, and support a broadly diversified portfolio. Client portfolios may also include some individual equity securities and highly appreciated mutual funds in situations where disposition of these securities would present an overriding tax implication or the client specifically requests they be retained for a personal reason.
FWM manages mutual fund and equity portfolios on a discretionary basis according to the investment policy selected by the client. A client may impose any reasonable restrictions on FWM’s discretionary authority, including restrictions on the types of securities in which FWM may invest client’s assets and on specific securities, which the client may believe to be appropriate. These situations will be specifically identified in the client’s Investment Policy Statement (IPS). FWM may also recommend to advisory clients fixed income portfolios, which consist of managed accounts of laddered individual bond portfolios. FWM will request discretionary authority from advisory clients to manage fixed income portfolios, including the discretion to retain a third-party fixed income manager.
FWM will also incorporate Socially Responsible Investments (SRI) and Environmental, Social and Governance (ESG) strategies in client portfolio when requested by clients. We proactively provide education about these investment strategies which are available through no-load mutual funds and ETFs. These strategies focus on higher quality companies that are striving to meet SRI/ESG criteria.
We work with clients to identify which themes are most important to them and then use investment strategies that reflect that preference. Although we believe that client portfolios with SRI/ESG will allow clients to fully align their investments with their personal values, there is no guarantee that these investment strategies will outperform traditional investments.
FWM will periodically review each client's investment policy, risk profile, and discuss the re-balancing of each client's accounts to the extent appropriate.
In addition to managing the client’s investment portfolio and as part of the wealth management service offering, FWM consults with clients on various financial areas including income and estate tax planning, tax management, business sale structures, college financial planning, retirement planning, insurance analysis, personal cash flow analysis, philanthropy, social security planning, establishment and design of retirement plans and trust designs, among other things.
FWM

may occasionally provide project-based financial consulting services on a fixed-fee or an hourly fee basis that address some or all of the wealth management service offering described above.
FWM gathers required information through in-depth personal interviews. Information gathered includes a client’s current financial status, future goals and attitudes towards risk. Related documents supplied by the client are carefully reviewed and various types of written reports may be prepared by FWM. Implementation of financial plan recommendations is entirely at the client’s discretion although Flourish works with clients to implement the planning recommendations.
Referrals to other professionals may be undertaken where appropriate to meet the client’s needs.
Financial Planning Services: FWM also provides advice in the form of Financial Planning. Clients purchasing this service may receive various written financial reports, providing the client with detailed financial information designed to achieve their stated financial goals and objectives.
In general, the financial plan will address any or all of the following areas of concern: ● Personal: Family records, budgeting, personal liability, estate information and financial goals.
● Education: General assistance in preparing to meet dependent’s continuing education needs through development of an education plan.
● Risk: Review of existing insurance policies to ensure proper coverage for life, health, disability, long-term care, liability, home, and automobile.
● Tax & Cash Flow: Income tax and spending analysis and planning for past, current and future years.
● Death & Disability: Cash needs at death, income needs of surviving dependents, estate planning and disability income analysis.
● Retirement: Analysis of current strategies and investment plans to help the client achieve his or her retirement goals.
● Investments: Analysis of current and alternative investment holdings and costs, examining the potential long-term effects on a client’s portfolio, recommending appropriate investment options, allocations, or adjustments.
FWM gathers required information through in-depth personal interviews. Information gathered includes a client’s current financial status, future goals and attitudes towards risk. Related documents supplied by the client are carefully reviewed and financial planning reports are typically prepared. Should a client choose to implement the recommendations in the financial plan, FWM suggest the client work closely with his/her attorney, accountant or insurance agent. In addition, FWM also assists in the implementation of the financial plan with client’s approval. Clients are encouraged to review their plan on a regular basis, especially if there are any changes in their financial situation, goals, need, or investment objectives.
Employee Benefit Retirement Plan Services: FWM also provides advisory services to participant-directed retirement plans through third party administration services, which are online bundled service providers offering an opportunity for plan sponsors to provide their participants with daily account access, valuation, and investment education.
FWM will analyze the plan's current investment platform and assist the plan in creating an investment policy statement defining the types of investments to be offered and the restrictions that may be imposed. FWM will recommend investment options to achieve the plan's objectives, provide participant education meetings, and monitor the performance of the plan's investment vehicles.
FWM will recommend changes in the plan's investment vehicles as may be appropriate from time to time. FWM generally will review the plan's investment vehicles and investment policy as necessary.
For certain retirement plans, FWM also works in coordination and support with Buckingham Retirement Services. Retirement plan clients will engage both FWM and Buckingham Retirement Services. Buckingham Retirement Services will provide to the client additional discretionary investment management services and will exercise discretionary authority to select the plan investments made available to the plans’ participants by selecting and maintaining the plans’ investments according to the goals and investment objectives of the plan.
FWM will continue to work with plans to monitor plan investments, provide fiduciary plan advice including regular considerations of the goals and objectives of the plan, and provide participant education services to the plan.