Schubert&Company,Inc.(“Schubert&Company”)hasbeenprovidinginvestmentservices toclientssinceitwasfoundedin1999byKelleyJ.Schubert.KelleySchubert,KevinNelson, andColeMcClellanareallownersofSchubert&CompanywithKelleySchubertasthe principalowner.
Schubert&Companyisafee-onlyinvestmentadviserprovidinginvestmentsupervisory andmanagementservices,investmentadvicethroughconsultations,andfinancialplanning servicestoclientsincludingindividuals,highnetworthindividuals,pensionandprofit- sharingplans,trusts,estates,andcharitableorganizations.Currently,mostofSchubert& Company’sclientsareindividualsandhighnetworthindividuals.Schubert&Companyisa fiduciaryandisrequiredtoactinourclient’sbestinterestatalltimes.
Schubert&Companywillprovidegeneraladviceonalltypesofinvestmentsthatareinthe client’sportfoliowhentheclientbeginsanadvisoryrelationshipwithSchubert&Company.
ItisnotanticipatedthatSchubert&Companywillrecommendnewinvestmentsinany typeofsecuritythatisnotlistedbelow.However,someclientsmaycometoSchubert& CompanywithsecuritiesintheirportfoliosonwhichSchubert&Companydoesnot ordinarilyissuerecommendations.Becauseoftaxissuesorotherfactors,aclientmaywish tohavethesesecuritiesconsideredintheclient’soverallportfolioallocation.Insuchcases, Schubert&Companywillattempttoidentifywhichcategorysuchsecurityismost appropriatelyallocatedtoandwillthenconsideritaspartofsuchcategorywhenanalyzing theclient’soverallportfolioallocationandrebalancingneeds.
Schubert&Companyoffersinvestmentadviceonthefollowingtypesofinvestments: equitysecurities,corporatedebt,commercialpaper,certificatesofdeposits,municipal securities,otherinvestmentcompanysecuritiesincludingvariableannuitiesandmutual fundshares,U.S.governmentsecurities,andinterestinpartnershipinvesting.
InvestmentManagementandSupervisoryServices Investmentmanagementandsupervisoryservicesincludegivingcontinuousandongoing advicetoaclientormakinginvestmentsforaclientbasedontheindividualneedsofthe clientincludingportfoliomanagement.Schubert&Companywillmanageadvisory accountsonadiscretionarybasis.Accountsupervisionisguidedbytheclient’sobjectives, suchasmaximumcapitalappreciation,growth,income,orgrowthandincome.
SchubertandCompanytakesacomprehensivelookateachclient’sneedsandriskfactors onanindividualbasisthroughaconsultativeprocessandtailorsaportfoliospecifictotheir needs.Schubert&Companyconsiderstheclient’sobjectives,risktolerance,andtime horizonindevelopinganinvestmentstrategyfortheclient.Schubert&Companywill designaninvestmentstrategyforeachclientbasedonmodernportfoliotheorywhich combinesspecificassetclassesthatmaybehavedifferentlyfromeachotherintoone portfolioforthepurposeofreducingtheoverallvolatilityintheportfolio.Schubert& Companywillimplementthisstrategyusingmultipleassetclassesandahighlydiversified portfolio.Theassetclassesmayincludesmallandlargestocks,valueandgrowthstocks, domestic,international,andemergingmarketstocks,realestateinvestmenttrusts(foreign anddomestic),corporateandgovernmentbonds(foreignanddomestic),privatecredit, andprivaterealestate.Otherassetclassesmaybeusedonanindividualizedbasisas appropriateincludinginterestinaprivatepartnership.Theclients’assetswillprimarilybe investedinETFsandmutualfundshares,butinvestmentswillnotnecessarilybelimitedto onlyETFsandmutualfunds.
Schubert&CompanyentersintoanInvestmentAdvisoryAgreementwitheachofour clientsweprovidewithinvestmentsupervisoryandmanagementservices.Inthis agreement,theclienthastheopportunitytoimposerestrictionsoninvestingincertain securitiesortypesofsecurities.
FinancialPlanningServices Schubert&Companyalsooffersfinancialplanningservicesforitsclientsuponrequest.
Financialplanningservicesincludetheanalysisand/orreviewofissuesintheareasofcash managementincludingcashflowandincomeplanning,incometaxplanning,risk managementandinsuranceplanning,retirementplanning,collegeandeducationplanning, investmentplanning,andestateplanning.Theplanningmaybedoneonacomprehensive basisorforaspecificcomponentasdefinedbytheclient.Thecomplexityoftheplanwill dependontheclient’sindividualcircumstancesandmayormaynotresultinawritten plan.Ifplanningisonlydoneforaspecificcomponent,theclientshouldunderstandthe scopeoftheplanningisnotcomprehensiveinnatureanddoesnotconsidertheoverall planningneedsoftheclient.Schubert&Companyisavailabletohelpimplementthe financialplanrecommendationsattheclient’sdiscretion.
FamilyOfficeServices SubjecttothemutualagreementbetweentheclientandSchubert&Company,andonly whentheneedsandcomplexitiesinherentinaspecificclientsituationmeritit,aseparate agreementforfamilyofficeservicesmaybecontractedbetweentheclientandSchubert& Company.Thebreadthandformoffamilyofficeservicesvarieswidelyaccordingtothe uniquenessofeachclientsituation.Thesemayincludebutarenotlimitedto administrativesupport,trustmanagementservices,consultingonseparatelyowned businessesorflow-throughentities,entitymanagementtrainingandcoordination,family governanceanddecisionmaking,cashandliquiditymanagementacrossmultipleentities, 1031exchanges,possibleuseofbusinesspropertyforcharitabledonations,andother issueswhichdonotfitaccordinglyundertheinvestmentmanagementorfinancialplanning servicesprovidedbySchubert&Company.
Sincethelistofspecificitemsincludedinthiscategoryvarieswidelyaccordingtoeach client’sspecificsituation,eachclientwillhaveaseparatelynegotiatedagreementmore specificallyidentifyingtheseservicesandamutuallyagreeduponannualretainerfee.
Servicesinthiscategorycanbeverydifficulttopredictintiming,nature,andcomplexity, andareoftensubjectiveaccordingtoclientpreferenceforsupport,adviceandassistance acrossvariousfinancialneeds.Schubert&Companyreviewsallfamilyofficeservices agreementsperiodically,notlessfrequentlythanannually,toensuretheclient’sbest interestsandSchubert&Company’sfiduciaryresponsibilitytotheclientareadequately capturedinthedetailsoftheagreement.
Schubert&Companyusesathird-partyplatformtofacilitatemanagementofheldaway assets,whichareprimarily401(k)accounts,HSAs,andotherassets.Theplatformallows Schubert&Companytoavoidbeingconsideredtohavecustodyofclientfundssince Schubert&Companydoesnothavedirectaccesstoclientlog-incredentials.Schubert& Companyisnotaffiliatedwiththeplatforminanywayandreceivesnocompensationfrom themforusingtheirplatform.Alinkwillbeprovidedtotheclientallowingthemtoconnect anaccount(s)totheplatform.Onceclientaccount(s)isconnectedtotheplatform,Schubert &Companyregularlyreviewstheavailableinvestmentoptionsintheseaccounts,monitor them,andrebalanceandimplementSchubert&Company’sstrategies.
Schubert&Companydoesnotparticipateinanywrapfeeprograms.
AsofDecember31,2023,Schubert&Companymanaged$403,452,921ofclientassetsona discretionarybasis.