A. Firm Information
Weigel Fiduciary Asset Management (“WeigelFAM” or the “Advisor”) is a registered investment
advisor with the U.S. Securities and Exchange Commission. WeigelFAM was founded in
September 2020 and is owned and operated by David W. Weigel (Principal, Chief Investment
Officer, and Chief Compliance Officer). This Disclosure Brochure provides information regarding
the qualifications, business practices, and the advisory services provided by WeigelFAM.
B. Advisory Services Offered
WeigelFAM offers investment advisory services to individuals, high net worth individuals, trusts,
estates, businesses, and retirement plans (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and
regulations. As a fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards
each Client and seeks to mitigate potential conflicts of interest. WeigelFAM's fiduciary
commitment is further described in the Advisor’s Code of Ethics. For more information regarding
the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client
Transactions and Personal Trading.
Wealth Management Services
WeigelFAM provides wealth management services for its Clients. These services generally
include a broad range of comprehensive financial planning in connection with discretionary and
nondiscretionary investment management of Client portfolios. These services are described
below.
Investment Management Services
WeigelFAM provides customized investment advisory solutions for its Clients. This is achieved
through continuous personal Client contact and interaction while providing discretionary
investment management services. WeigelFAM works closely with each Client to identify their
investment goals and objectives as well as risk tolerance and financial situation in order to
create and manage an ongoing portfolio blend of strategies.
WeigelFAM will place Client assets into proprietary models which consist primarily consisting of
mutual funds and/or exchange-traded funds (“ETFs”), individual stocks, bonds, and structured
products to achieve the Client’s investment goals. The Advisor may also utilize alternative
investments and options contracts to meet the needs of its Clients. The Advisor may retain a
Client’s legacy investments based on portfolio fit and/or tax considerations.
The Advisor will work with each client to agree on investment policy and develop suitable
diversification and blend of strategies for portfolio construction and/or modification. Upon initial
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and ongoing financial planning, the Advisor will aim to assure alignment with the client’s ongoing
needs and objectives.
WeigelFAM’s investment strategies are primarily long-term focused, but the Advisor may buy,
sell, or re-allocate positions that have been held for less than one year to meet the objectives of
the Client or due to market conditions. WeigelFAM will construct, implement, and monitor the
portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance agreed to by
the Client. Each Client will have the opportunity to place reasonable restrictions on the types of
investments to be held in their respective portfolio, subject to acceptance by the Advisor.
WeigelFAM evaluates and selects investments for inclusion in Client portfolios only after
applying its internal due diligence process. WeigelFAM may recommend, on occasion,
redistributing investment allocations to diversify the portfolio. WeigelFAM may recommend
specific positions to increase sector or asset class weightings. The Advisor may recommend
employing cash positions as a possible hedge against market movement. WeigelFAM may
recommend selling positions for reasons that include, but are not limited to, harvesting capital
gains or losses, business or sector risk exposure to a specific security or class of securities,
overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of the
Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s
risk tolerance.
At no time will WeigelFAM accept or maintain custody of a Client’s funds or securities, except for
the limited authority as outlined in Item 15 – Custody. All Client assets will be managed within
the designated account[s] at the Custodian, pursuant to the terms of the advisory agreement.
Please see Item 12 – Brokerage Practices.
Financial Planning Services
WeigelFAM typically provides financial planning services to Clients as part of its overall wealth
management services. Services are offered in several areas of a Client’s financial situation,
depending on their goals and objectives. Generally, such financial planning services involve
preparing a formal financial plan or rendering a specific financial consultation based on the
Client’s financial goals and objectives. This planning or consulting may encompass one or more
areas of need, including but not limited to, retirement planning, business planning, divorce
planning, estate planning, insurance needs, and tax planning.
A financial plan developed for the Client will usually include general recommendations for a
course of activity or specific actions to be taken by the Client. For example, recommendations
may be made that the Client start or revise their investment programs, commence, or alter
retirement savings, establish education savings, or contribute to charitable giving programs.
WeigelFAM may also refer Clients to an accountant, attorney, or other specialists, as
appropriate for their unique
situation. For certain financial planning engagements, the Advisor
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will provide a written summary of the Client’s financial situation, observations, and
recommendations.
Of note – this advisor remains committed to the “100% Fiduciary 100% of the Time” business
model which requires the firm to be compensated one and only one way – as percentage of
assets under management. There will never be any direct or indirect compensation for referrals
made, nor any implied or otherwise cross referral expectations of any kind. Although as part of
regularly conducted business, recommendations and/or referrals to friends, co-workers and/or
family are expressed to be greatly appreciated.
Financial planning recommendations pose a conflict between the interests of the Advisor and
the interests of the Client. For example, the Advisor has an incentive to recommend that Clients
engage the Advisor for investment management services or to increase the level of investment
assets with the Advisor, as it would increase the amount of advisory fees paid to the Advisor.
Clients are not obligated to implement any recommendations made by the Advisor or maintain
an ongoing relationship with the Advisor. If the Client elects to act on any of the
recommendations made by the Advisor, the Client is under no obligation to implement the
transaction through the Advisor.
Although the standard embedded conflict of interest exists for any advisor given the opportunity
to review and assess a client’s total assets held everywhere, it is not uncommon for this advisor
to make and help implement recommendations believed to be appropriate for which there is no
compensation of any kind to this advisor.
Retirement Plan Advisory Services
WeigelFAM provides comprehensive investment advisory services to plans and plan sponsors
as described below.
Institutional Services:
• Comprehensive assessment of company needs and objectives to achieve level of benefit
solutions that align with the Client’s needs for employee retention.
• Open architecture review of plan providers and platforms available and suitability for the
Client needs and objectives.
• Turnkey or third party, administrator analysis and recommendation.
• Assessment of standard, low cost, 401k versus additional profit sharing, company match
and/or various pension solutions.
• Where applicable, quarterly investment committee review and minutes to comply with all
ERISA standard of best practices.
• Quarterly performance benchmarking reports provided with respect to institutional size,
industry, and number of employees.
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• Review and recommendation of line-up of investment options and sophistication of
strategies that best meets the needs to the particular institutional Client.
• ERISA 404(c) services and assistance.
Retirement Plan Participant Services:
• Employee Enrollment and Education.
• Quarterly performance and fee statements and reports.
• Administrative and/or ERISA law changes announcements reporting.
• Consistent benchmarking of fees, performance, and strategic alignment analysis.
• Comprehensive financial planning services offered as executive fringe benefit to all
participants of all plans.
• Quarterly topical or planning based core concepts seminars available upon request.
• Direct line and access to local credentialed professionals in lieu of 800 number and
service center.
WeigelFAM may provide investment advisory services on behalf of the Plan and Plan Sponsor,
which may be in either a 3(21) or 3(38) context depending on whether or not the Advisor is also
providing discretionary investment management over the Plan assets. For 3(38) services, the
Advisor shall have the discretion to select the investments for the Plan and/or make investment
decisions on behalf of Plan Participants.
C. Client Account Management
Prior to engaging WeigelFAM to provide investment advisory services, each Client is required to
enter into an agreement with the Advisor that define the terms, conditions, authority and
responsibilities of the Advisor and the Client. These services may include:
• Establishing an Investment Strategy – WeigelFAM, in connection with the Client, will
develop a strategy that seeks to achieve the Client’s goals and objectives.
• Core Diversification Sleeves Allocation – WeigelFAM will explain their conviction in their 6
Sleeves diversification approach. Explain how and why they feel this allocation above
asset allocation make most sense to the firm and how this approach helps them better
align clients’ evolving financial planning needs with ever changing market conditions.
• Asset Allocation – WeigelFAM will develop a strategic asset allocation that is targeted to
meet the investment objectives, restrictions, time horizon, financial situation, and
tolerance for risk for each Client.
• Portfolio Construction – WeigelFAM will develop a portfolio for the Client that is intended
to meet the stated goals and objectives of the Client.
• Investment Management and Supervision – WeigelFAM will provide investment
management and ongoing oversight of the Client’s investment portfolio.
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D. Wrap Fee Programs
WeigelFAM does not manage or place Client assets into a wrap fee program. Investment
management services are provided directly by WeigelFAM.
E. Assets Under Management
As of March 6, 2024, WeigelFAM’s total discretionary assets under management was
approximately $56,023,166.