Description ofAdvisory Firm
44 Wealth Management LLC (“44 Wealth Management”, “we”, “our,” or “us”) is a privately owned limited
liability company headquartered in Eugene, OR.
44 Wealth Management is registered as an investment adviser with the U.S. Securities and Exchange
Commission. The Firm was formed in 2020 and is owned by Blaine Werner and Jennifer Werner.
As of December 31, 2023, 44 Wealth Management managed approximately $468,953,240 in assets for
approximately 1195 accounts in total: approximately $468,847,482 in assets for approximately 1195
accounts on a discretionary basis and approximately $105,758in assets for approximately 2 clients on a
non-discretionary basis. 44 Wealth does not offer a wrap program.
While this brochure generally describes the business of the Firm, certain sections also discuss the activities
of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons
occupying a similar status or performing similar functions), employees or any other person who provides
investment advice on the Firm’s behalf and is subject to the Firm’s supervision or control.
Advisory Services Offered
The Firm offers discretionary and non-discretionary investment management and investment advisory
services. Prior to the Firm rendering any of the foregoing advisory services, clients are required to enter into
one or more written agreements with the Firm setting forth the relevant terms and conditions of the advisory
relationship (the “Advisory Agreement”).
InvestmentManagementServices
44 Wealth Management offers continuous and regular investment supervisory services on a discretionary
and non-discretionary basis. We work with clients and have the ongoing responsibility to select and/or
make recommendations based upon the objectives of the client, as to specific securities or other
investments that he/she recommends or purchases/sells in clients’ accounts. We utilize a variety of
investment types when making investment recommendations/purchases in client accounts which include,
but are not limited to equity securities, fixed income securities, alternatives, and mutual funds. The
investments recommended/purchased are based off the clients’ individual needs, goals, and objectives.
The Firm offers investment advice on any investment held by the client at the start of the advisory
relationship. We describe the material investment risks under Item 8 – Methods of Analysis, Investment
Strategies, and Risk of Loss. Financial Planning may be provided to clients as a part of the Investment
Management Services. When being provided as a separate service it is described in this section under
Financial Consulting Services below.
44 Wealth Management provides other outsourced services such as access to other system to assist
clients with their planning needs (such as a savings account platform).
We discuss our discretionary authority below under Item 16 – Investment Discretion. For more
information about the restrictions clients can put on their accounts, see Tailored Services and Client
Imposed Restrictions in this item below. We describe the fees charged for investment management
services below under Item 5 – Fees and Compensation.
FinancialPlanning&ConsultingServices
Our Financial Planning and Consulting Service offers clients the ability to have their investment portfolio
allocated among different financial institutions and reviewed by an Investment Adviser Representative
for a negotiated fee. This consultation offers the client a detailed look at their financial condition in
relation to their investment objectives, risk tolerance, time horizon, and any financial goals that they may
be seeking to achieve. This Financial Consultation Service offered by us may or may not be in conjunction
with one of our other fee-based programs.
44 Wealth Management provides a variety of financial consulting services to individuals, families, and
other clients regarding the management of their financial resources based upon an analysis of client’s
current situation, goals, and objectives. Consulting encompasses one or more of the following
areas:
Investment Planning, Retirement Planning, Estate Planning, Charitable Planning, Education Planning,
Corporate and Personal Tax Planning, Corporate Structure, Real Estate Analysis, Mortgage/Debt Analysis,
Insurance Analysis, Lines of Credit Evaluation, Business and Personal Financial Planning.
Our financial consultations rendered to clients usually include general recommendations for a course of
activity or specific actions to be taken by the clients. In performing these services, 44 Wealth Management
is not required to verify any information received from the client or from the client’s other professionals
(e.g., attorneys, accountants, etc.,) and is expressly authorized to rely on such information. We may
recommend clients engage the Firm for additional related services with other professionals to
implement its recommendations. Clients are advised that a conflict of interest exists if clients engage
the Firm or its affiliates to provide additional services for compensation. Clients retain absolute
discretion over all decisions regarding implementation and are under no obligation to act upon any of
the recommendations made by the Firm under a financial planning or consulting engagement. Clients are
advised that it remains their responsibility to promptly notify the Firm of any change in their financial
situation or investment objectives for the purpose of reviewing, evaluating, or revising the Firms
recommendations and/or services.
For financial consulting engagements, we provide our clients with a written summary of our observations
and recommendations. One-time consultations are typically completed within six (6) months of the client
signing a contract with us, assuming that all the information and documents we request from the client
are provided to us promptly. Services provided under an on-going consultation agreement are conducted
on a regular basis, but no less than annually with the client. The client is under no obligation to act upon
the investment adviser’s recommendation. If the client elects to act on our recommendations, the client
is under no obligation to effect the transaction through us.
We describe fees charged for Financial Consultation Services below under Item 5 - Fees and Compensation.
UseofIndependentManagers
The Firm has the authority to select certain independent managers to actively manage a portion of its
clients’ assets. The specific terms and conditions under which the Firm engages an Independent Manager
may be set forth in a separate written agreement with the designated Independent Managers engaged to
manage their assets. This agreement is between the Independent Manager and 44 Wealth Management.
The Firm evaluates a variety of information about the Independent Manager, which may include the
Independent Managers’ public disclosure documents, materials supplied by the Independent Managers
themselves and other third-party analyses it believes are reputable. To the extent possible, the Firm seeks
to assess the Independent Managers’ investment strategies, past performance, and risk results in relation
to its clients’ individual portfolio allocations and risk exposure. The Firm also takes into consideration each
Independent Manager’s management style, returns, reputation, financial strength, reporting, pricing, and
research capabilities, among other factors.
The Firm continues to provide services relative to the discretionary selection of the Independent
Managers and has the authority terminate relationships if we believe the termination is in your best
interest. On an ongoing basis, the Firm monitors the performance of those accounts being managed by
Independent Managers. The Firm seeks to ensure the Independent Managers’ strategies and target
allocations remain aligned with its clients’ investment objectives and overall best interests.
FinancialInstitutionConsultingServices
44 Wealth Management provides investment consulting services to certain broker/dealers’ customers
(“Brokerage Customers”) who provide written consent requesting to receive the firm’s consulting
services. Brokerage Customers have entered into a written advisory agreement with 44 Wealth
Management.