Overview
Our Services
Woodward Diversified Capital, LLC (“Woodward Diversified Capital”) is a fee-only registered
investment adviser that provides investment management and financial advisory services to
individual investors to help them achieve their financial needs and goals. Founded in 2019, the firm
is owned by Gabriel Woodward, Beau Woodward and Thomas Woodward.
Our firm takes pride in providing personalized service to our clients and acknowledges that it is held
to a fiduciary standard of care.
Woodward Diversified Capital offers portfolio management services through a wrap fee program. A
bundled or “wrap fee” program is an advisory fee program under which you pay one bundled fee to
compensate Woodward Diversified Capital for portfolio management and trade execution. A wrap
fee program may not be the lowest cost option if you would like to restrict your investments to open-
end mutual funds or other long-term investment products.
Woodward Diversified Capital manages our clients’ portfolios on a discretionary and, in limited
circumstances, non-discretionary basis. Our portfolio management services are tailored to the needs
of our clients and are based on a comprehensive understanding of each client’s current situation,
past experiences, and future goals. With this acquired knowledge we create, analyze, strategize, and
implement goal-oriented investment solutions. These solutions become our clients’ investment
policy. This policy and our matched strategies are designed to be risk appropriate, cost effective and
tax efficient.
Fees and Compensation
Fees for portfolio management services are based on assets under management and are payable
quarterly in advance. Woodward Diversified Capital may negotiate advisory fees at our sole
discretion. We may negotiate a fee rate that differs from our standard fee schedule for certain clients
or in situations where Woodward Diversified Capital provides advice with respect to certain client
holdings (e.g., held-away assets, 529 plans, etc.).
The graduated fee schedule for our wrap fee program is outlined below.
Assets Under Management Annual Advisory Fee
$0 to $999,999 1.25%
$1,000,000 to $6,999,999 1.00%
Above $7,000,000 0.90%
This fee schedule may be based on cumulative household assets under management. However,
certain ERISA rules prevent householding corporate plans with personal assets for fee reductions.
You should refer to your advisory agreement for your specific fee rate(s).
Selection of Other Independent Managers
Fees for other Independent Managers used to manage all or a portion of a client’s account are set
forth by the Independent Manager and may be included or in addition to Woodward Diversified
Capital’s fees. You should refer to the Independent Manager’s Form ADV Part 2A Brochure for
information on their fees and compensation.
Program Offered Through Wells Fargo Advisors
When utilizing the separately managed account program offered by Wells Fargo Advisors,
investment management services are provided by third-party money managers through the Private
Advisor Network Program. Wells Fargo Advisors and the third-party manager require clients to sign
an investment advisory agreement for access to the Private Advisor Network program in addition to
our investment management agreement.
Fees for advisory programs offered through Wells Fargo Advisors are inclusive of Woodward
Diversified Capital’s and Wells Fargo Advisors’ advisory fees and are as follows:
Program Program Type Maximum Annual Advisory Fee
Private Advisor
Network
Separately Managed
Account
2.05%
Advisory fees for the third-party manager utilized through the Private Advisor Network Program are
not included in the above program fee. You pay for the services of the third-party manager
separately. You should
refer to your advisory agreement for your specific fee rate(s).
Wells Fargo Advisors will calculate and directly debit advisory fees from the clients’ accounts for
assets within their programs. The value of assets held in any Wells Fargo Advisors program is
excluded from the amount of total household assets used to determine Woodward Diversified
Capital’s advisory fees for other assets of a client that are managed by Woodward Diversified
Capital.
Programs Offered Through Adhesion
When utilizing third-party investment strategists available through Adhesion, Woodward
Diversified Capital may utilize separately managed account managers, model providers, mutual
funds/ETF strategies and/or individual equity and fixed income securities to construct a portfolio
tailored to your needs. Through the Adhesion program, Adhesion acts as a sub-adviser to our firm
and does not require clients sign a separate investment advisory agreement for access to their
program.
Fees for the program available through Adhesion are inclusive of Woodward Diversified Capital’s
advisory fees, the third-party asset manager’s advisory fees and Adhesion’s overlay/platform fee and
are as follows:
Maximum Annual Advisory Fee
2.10%
You should refer to your investment management agreement for your specific fee rate(s).
Costs of Our Program
Fees for our portfolio management services may be higher than fees charged by other advisers who
sponsor similar programs, or if you paid separately for investment advice and other services. Fees for
our wrap fee program include clearing and custodial costs and our portfolio management fee. You
may be charged different fees than similarly situated clients for the same services. Your specific wrap
fee is described in your investment management agreement. You should carefully review this brochure
to understand the fees and other sources of compensation we receive prior to entering into an
investment advisory contract with our firm.
Other Types of Fees You May Incur
You may incur additional charges imposed by custodians, broker-dealers, investment companies and
other third parties, such as account maintenance fees, transfer taxes, wire transfer and electronic fund
fees and other fees and taxes on securities transactions. Such charges and fees are exclusive of and in
addition to Woodward Diversified Capital’s fees. You are responsible for payment of any and all taxes
that may be due as a result of any transactions in your account.
In addition to advisory fees, you are responsible for paying any management and other fund-related
expenses for any mutual funds in which your account assets are invested. This includes redemption
fees imposed by the mutual fund or custodian as a result of a transaction-related request you initiate
(such as a partial or complete liquidation of your account). Distribution or “12b-1” fees paid by any
mutual funds in which your account assets are invested are credited back to your account for your
benefit.
Our Compensation for Your Participation in the Program
Woodward Diversified Capital generally acts as both the sponsor and portfolio manager of the wrap
fee program. As a result, we receive compensation in the form of advisory fees for your participation
in the program. The fact that we recommend this program may be viewed as a conflict of interest as
we have an incentive to recommend the program over other programs or services. Your overall fees
may be higher or lower if you paid separately for investment advice, brokerage, and other services. It
is our policy to always act in the best interests of our clients. We encourage you to consider your
anticipated level of trading activity and compare the costs you may incur in the program versus an
unbundled portfolio management program.