Firm Description
Evermont Wealth (“Advisor”) was founded in 2013. Brent Pasqua owns 95% of the firm and the
remaining 5% is owned by Matthew Theal. Advisor provides investment management to individuals and
pension and profit-sharing plans. Advice is provided through consultation with the Client and includes
such areas as:
• Retirement Planning
• Financial Planning
• Investment Management
• Budget and Cash Flow Analysis
• Tax Planning
• Debt Management
• Insurance Review
• Estate Planning
• Business Succession and Exit Planning
• Social Security Maximization
An evaluation of each Client's initial situation is provided to the Client, often in the form of a net worth
statement, risk analysis or similar document. Periodic reviews are also communicated to provide
reminders of the specific courses of action that need to be taken. More frequent reviews occur but are not
necessarily communicated to the Client unless immediate changes are recommended.
Other professionals (e.g., lawyers, accountants, insurance agents, etc.) should be engaged directly by the
Client on an as-needed basis.
Types of Advisory Services
ASSET MANAGEMENT
Evermont Wealth offers discretionary direct asset management services to advisory Clients. Evermont
Wealth offers Clients ongoing portfolio management services through determining individual investment
goals, time horizons, objectives, and risk tolerance. Investment strategies, investment selection, asset
allocation, portfolio monitoring and the overall investment program will be based on the above factors.
The Client will grant Evermont Wealth discretionary authority to execute selected investment program
transactions as stated within the Investment Advisory Agreement.
Advisor will utilize The Betterment Institutional (Betterment) platform. On this platform, Advisor has
the discretion to delegate the management of all or part of the Assets to one or more independent
investment managers or independent investment management programs (“Independent Managers”). To
the extent utilized, Independent Managers will have limited power-of- attorney and trading authority over
those assets Advisor directs to them for management. Advisor will supervise the Independent Managers
and monitor and review asset allocation and asset performance. Advisor may terminate or change
Independent Managers when, in Advisor’s sole discretion, Advisor believes such termination or changes
are in your best interest.
Charles Schwab & Company (CS&Co.) - Managed Account Platforms
Evermont Wealth is independent of and not owned by, affiliated with, or sponsored or supervised by
CS&Co., or their affiliates (together, "Schwab"). Evermont Wealth is the client's investment advisor and
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
on an ongoing basis.
Retirement Plan Rollovers
An employee generally has four (4) options for their retirement plan when they leave an employer:
1. Leave the money in his/her former employer’s plan, if permitted
2. Rollover the assets to his/her new employer’s plan if one is available and permitted
3. Rollover to an Individual Retirement Account (IRA), or
4. Cash out the account value, which has significant tax considerations
Each of these options has advantages and disadvantages and before making a change we encourage you to
speak with your CPA and/or tax attorney. If you are considering rolling over your retirement funds to an
IRA for us to manage here are a few points to consider before you do so:
• Determine whether the investment options in your employer's retirement plan address your needs
or whether you might want to consider other types of investments.
• Employer retirement plans generally have a more limited investment menu than IRAs.
• Employer retirement plans may have unique investment options not available to the public such as
employer securities, or previously closed funds.
• Your current plan may have lower fees than our fees.
If you elect to roll the assets to an IRA that is subject to our management, we will charge you an asset-
based fee as set forth in the agreement you executed with our firm. This practice presents a conflict of
interest because Investment Advisor Representatives have an incentive to recommend a rollover to you
for the purpose of generating fee-based compensation rather than solely based on your needs. You are
under no obligation, contractually or otherwise, to complete the rollover. Moreover, if you do complete
the rollover, you are under no obligation to have the assets in an IRA managed by our firm.
Many employers permit former employees to keep their retirement assets in their company plan. Also,
current employees can sometimes move assets out of their company plan before they retire or change jobs.
In determining whether to complete the rollover to an IRA, and to the extent the following options are
available, you should consider the costs and benefits of each. An employee will typically be investing
only in mutual funds, you should understand the cost structure of the share classes, available in your
employer's retirement plan and how the costs of those share classes compare with those available in an
IRA. Clients should understand the various products and services they might take advantage of at an IRA
provider and the potential costs of those products and services.
• Our strategy may have higher risk than the option(s) provided to you in your plan.
• Your current plan may also offer financial advice.
• If you keep your assets titled in a 401k or retirement account, participants could potentially delay
their required minimum distribution beyond age.
• A 401(k) may offer more liability protection than a rollover IRA; each state may vary.
• Participants may be able to take out a loan on your 401k, but not from an IRA.
• IRA assets can be accessed any time; however, distributions are subject to ordinary income tax and
may also be subject to a 10% early distribution penalty unless they qualify for an exception such as
disability, higher education expenses or the purchase of a home.
• If company stock is owned in a plan, participants may be able to liquidate those shares at a lower
capital gains tax rate.
• Plans may allow Advisor to be hired as the manager and keep the assets titled in the plan name.
Generally, federal law protects assets in qualified plans from creditors. Since 2005, IRA assets have been
generally protected from creditors in bankruptcies. However, there can be some exceptions to the general
rules so you should consult with an attorney if you are concerned about protecting your retirement plan
assets from creditors.
It is important to understand the differences between these types of accounts and to decide whether a
rollover is the best option. Prior to proceeding, if you have questions contact your Investment Adviser
Representative, or call our main number as listed on the cover page of this brochure.
When Evermont Wealth provides 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 law s
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.
Evermont Wealth also provides educational services to retirement plan participants with assets that could
potentially be rolled-over to an IRA advisory account. Education is based on a particular Client’s financial
circumstances and best interests. Again, Advisor has an incentive to recommend such a rollover based on
the compensation received, which is mitigated by the fiduciary duty to act in a Client’s best interest and
acting accordingly.
Retirement Plan Consulting
Investment advisor representatives of Evermont Wealth may assist clients that are trustees or other
fiduciaries to retirement plans (“Plans”) by providing fee-based consulting and/or advisory services.
Investment advisor representatives may perform one or more of the following services:
• Investment Policy Statement. Advisor Representative will assist the Plan
in the preparation or review
of an investment policy statement (“IPS”) for the plan based upon consultation with Client
• Ongoing Investment Recommendations. Advisor Representative will recommend, for consideration
and selection by Client, specific investments to be held by the Plan or, in the case of a participant-
directed defined contribution plan, to be made available as investment options under the Plan. Advisor
Representative will recommend for consideration and selection by Client, investment replacements if
an existing investment is determined by the Client to no longer be suitable as an investment option.
• Ongoing Investment Monitoring. Advisor Representative will perform ongoing monitoring of
investment options in relation to the criteria provided by the Client to the Advisor Representative.
• Qualified Default Investment Alternative Assistance. Advisor Representative may assist Client
with selecting investment products or managed accounts offered by third parties in connection with
the definition of a “Qualified Default Investment Alternative” (“QDIA”) under ERISA (for plans
subject to ERISA).
• Non-Discretionary Model Portfolios. Advisor Representative will recommend, for consideration and
approval by Client: 1. asset allocation target-date or risk-based model portfolios for the Plan to make
available to Plan participants and 2. funds from the line-up of investment options chosen by the Client
to include in such model portfolios.
• Performance Reports. Advisor Representative will prepare periodic reports reviewing the
performance of all Plan investment options, as well as comparing the performance thereof to
benchmarks with Client. The information used to generate the reports will be derived directly from
information such as statements provided by Client, investment providers and/or third parties.
• Service Provider Liaison. Advisor Representative shall assist the Plan by acting as a liaison between
the Plan and service providers, product sponsors or vendors. In such cases, Advisor Representative
shall act only in accordance with instructions from Client or Plan administration matters and shall not
exercise judgement or discretion on such matters.
• Education Services to Plan Committee. Advisors Representative will provide training for the
members of the Plan Committee with regard to their service on the Committee, including education
and consulting with respect to fiduciary responsibilities.
• Participant Education. Advisors Representative will design an education plan and that may include
information about the investment options under the Plan (e.g., investment objectives, risk/return
characteristics and historical performance, investment concepts *e.g. diversification, asset classes and
risk and return), the determination of investment time horizons and the assessment of risk tolerance.
Such information shall not include specific investment advice about investment options under the Plan
as being appropriate for a particular participant.
• Participant Enrollment. Advisors Representative will assist Client in enrolling participants in the
Plan, including conducting an agreed-upon number of enrollment meetings. As part of such meetings,
Advisor Representative will provide participants with information about the Plan, which may include
information on the benefits of Plan participation, the benefits of increasing Plan contributions, the
impact of preretirement withdrawals on retirement income, the terms of the Plan and the operation of
the Plan.
• Plan Search Support/Vendor Analysis. Advisor Representatives will assist with the preparation,
distribution, and evaluation of Requests for Proposal, finalist interviews and conversion support.
• Benchmarking Services. Advisor Representative will provide Client with comparisons of Plan data
(e.g., regarding fees and services and participant enrollment and contributions) to data from the Plan’s
prior years and/or a benchmark group of similar plans.
• Assistance Identifying Plan Fees. Advisor Representative will assist Client in identifying the fees
and other costs borne by the Plan, as specified by Client, for investment management, recordkeeping,
participant education, participant communication and/or other services provided with respect to the
Plan.
As part of such meetings, Investment Advisor Representatives can provide participants with information about
the Plan, which includes information on the benefits of participation, the benefits of increasing contributions,
the impact of pre-retirement withdrawals on retirement income, the terms of the Plan and the operation of the
Plan. If the Plan makes available publicly traded employer stock (“company stock”) as an investment option
under the Plan, investment advisor representatives do not provide investment advice regarding company stock
and are not responsible for the decision to offer company stock as an investment option. In addition, if
participants in the Plan may invest the assets in their accounts through individual brokerage accounts, a mutual
fund window, or other similar arrangement, or may obtain participant loans, investment advisor representatives
do not provide any individualized advice or recommendations to the participants regarding these decisions.
Investment Advisor Representatives can provide individualized investment advice to Plan participants
regarding their Plan and/or other assets by separate agreement.
FINANCIAL PLANNING AND CONSULTING
Advisor offers financial planning and consulting services to help Clients with most aspects of their
investments and financial condition. Consulting services will continue from year to year unless cancelled in
writing by either party. Client may terminate the Agreement within five (5) days without obligation.
Financial planning services are available as a one-time written plan where the engagement terminates upon
delivery of the plan or an as an on-going consulting relationship that can include one or more of the following
areas:
Ongoing access to newsletters, webinars, education and networking events
• Initial meeting (in person or virtual) – up to two hours
• Follow up meeting to deliver and discuss initial recommendations – up to 90 minutes
• Written financial planning recommendations (paper and/or electronic) – updated annually
• Regular accountability check-in emails to help Client stay on track available upon request
• Phone or email access to answer questions
• Engagements are considered terminated upon plan delivery.
The scope of work and fee for an Advisory Service Agreement is provided to the Client in writing prior to the
start of the relationship.
The Client is under no obligation to act upon the investment advisor’s recommendation. If the Client elects to
act on any of the recommendations, the Client is under no obligation to effect the transaction through
Advisor. One time or initial consultations will be completed and delivered inside of thirty days. Clients may
terminate advisory services with thirty (30) days written notice.
VARIABLE AND FIXED ANNUITY AND VARIABLE LIFE MANAGEMENT
Advisor offers discretionary direct asset management services to advisory Clients on their annuities and
variable life products. Advisor will work with individuals to assemble an appropriate portfolio of
investment options as provided through the insurance company that services variable annuity investment.
The accounts will be monitored on an annual basis.
SUB-ADVISORY SERVICES
Advisor provides customized investment advisory solutions to third party unaffiliated investment
advisers. Advisor works with each third-party unaffiliated investment adviser to identify appropriate
investment mandates as well as risk tolerance in order to create a portfolio allocation or set of allocations
using investment strategies. Advisor will have responsibility for:
• Allocating Client assets consistent investment objective on a discretionary basis, and
• Ensuring that any restrictions placed on an account are consistent with the Model before
allocating assets.
Advisor will provide a questionnaire or similar tools to third party unaffiliated investment advisers in
order to determine the Client’s risk profile, investment horizon, financial circumstances and investment
objectives.
Client Tailored Services and Client Imposed Restrictions
The goals and objectives for each Client are documented in our Client files. Investment strategies are
created that reflect the stated goals and objective. Clients may impose restrictions on investing in certain
securities or types of securities.
Agreements may not be assigned without written Client consent.
Wrap Fee Programs
Advisor does not sponsor a wrap program.
Client Assets under Management
As December 31, 2023, Advisor had approximately $200,369,162 of Client assets under management on a
discretionary basis and $25,422,176 of Client assets under management on a non-discretionary basis.