A. Description of the Advisory Firm and Services
Meriwether Wealth & Planning, LLC (hereinafter “MWP”) is a Limited Liability Company
organized in the State of Louisiana. The firm was formed in December 2020, and the principal
owners are Andrew Pendergrass, Jeremy Pendergrass, and Tracy Campbell. Currently, MWP
offers the following investment advisory services, which are personalized to each individual
client:
• Portfolio Management Services
• Financial Planning and Consulting Services
• Selection of Other Advisers
• Pension Consulting Services
The following paragraphs describe MWP services and fees. Please refer to the description of
each investment advisory service listed below for information on how MWP tailors its advisory
services to your individual needs.
B. Types of Advisory Services
Portfolio Management Services
We offer discretionary portfolio management services. Our investment advice is tailored to
meet our clients’ needs and investment objectives. If you retain our firm for portfolio
management services, we will meet with you to determine your investment objectives, risk
tolerance, and other relevant information at the beginning of our advisory relationship. We will
use the information we gather to develop a strategy that enables our firm to give you
continuous and focused investment advice and/or to make investments on your behalf. As part
of our portfolio management services, we customize an investment portfolio for you according
to your risk tolerance and investment objectives. We also invest your assets according to one
or more model portfolios developed by our firm. Once we construct an investment portfolio for
you or select a model portfolio, we will monitor your portfolio’s performance on an ongoing
basis and will rebalance the portfolio as required by changes in market conditions and in your
financial circumstances.
In selecting to participate in our discretionary portfolio management services, we require you to
grant our firm discretionary authority to manage your account. Discretionary authorization will
allow us to determine the specific securities and the amount of each security to be purchased
or sold for your account without your approval prior to each transaction. Discretionary authority
is granted by the investment advisory agreement you sign with our firm. In our sole discretion,
we allow you to limit our discretionary authority (for example, limiting the types of securities
that can be purchased for your account) by providing our firm with your restrictions and
guidelines in writing.
Financial Planning and Consulting Services
We offer financial planning services that typically involve providing a variety of advisory
services to clients regarding the management of their financial resources based on an analysis
of their individual needs. These services can range from broad, comprehensive financial
planning to consultative or single subject planning, including business planning and valuation.
If you retain our firm for financial planning and consulting services, we will meet with you to
gather information about your financial circumstances and objectives. Once we review and
analyze the information you provide to our firm, we deliver a written plan to you, designed to
help you achieve your stated financial goals and objectives.
Financial plans and/or consulting services are based on the financial information you provide to
us. You must promptly notify our firm if your financial situation, goals, objectives, or needs
change. You are under no obligation to act on our financial planning recommendations. Should
you choose to act on any of our recommendations, you are not obligated to implement the
financial plan through any of our other investment advisory services. Moreover, you may act on
our recommendations by placing securities transactions with any brokerage firm.
Selection of Other Advisers
As part of our investment advisory services, we may recommend that you use the services of a
third party money manager to manage all, or a portion of, your investment portfolio. After
gathering information about your financial situation and objectives, we may recommend that
you engage a specific money manager or investment program. Factors that we take into
consideration when making our recommendation(s) include, but are not limited to, the
following: the manager's performance, methods of analysis, fees, your financial needs,
investment goals, risk tolerance, and investment objectives. We will periodically monitor the
manager's performance to ensure its management and investment style remains aligned with
your investment goals and objectives.
The money managers will actively manage your portfolio and will assume discretionary
investment authority over your account. If granted in the investment advisory agreement that
you sign with our firm, we will assume discretionary authority to hire and fire money managers
and/or reallocate your assets to other managers where we deem such action appropriate.
Pension Consulting Services
We offer pension consulting services to employee benefit plans and their fiduciaries based
upon the needs of the plan and the services requested by the plan sponsor or named fiduciary.
In general, these services may include an existing plan review and analysis, plan-level advice
regarding fund selection and investment options, education services to plan participants,
investment performance monitoring, and/or ongoing consulting.
We may also assist with
participant enrollment meetings and provide investment-related educational seminars to plan
participants on such topics as diversification, asset allocation, risk tolerance, and time horizon.
Our educational seminars may include other investment-related topics specific to the particular
plan.
We may also provide additional types of pension consulting services to plans on an individually
negotiated basis. All services, whether discussed above or customized for the plan based upon
requirements from the plan fiduciaries (which may include additional plan-level or participant-
level services) shall be detailed in a written agreement and be consistent with the parameters
set forth in the plan documents.
Advisory Services to Retirement Plans and Plan Participants
As disclosed above, we offer various levels of advisory and consulting services to employee
benefit plans ("Plan") and to the participants of such plans (“Participants”). The services are
designed to assist plan sponsors in meeting their management and fiduciary obligations to
Participants under the Employee Retirement Income Securities Act (“ERISA”). Pursuant to
adopted regulations of the U.S. Department of Labor, we are required to provide the Plan's
responsible plan fiduciary (the person who has the authority to engage us as an investment
adviser to the Plan) with a written statement of the services we provide to the Plan, the
compensation we receive for providing those services, and our status (which is described
below).
The services we provide to your Plan are described above, and in the service agreement that
you sign with our firm. Our compensation for these services is described below, at Item 5, and
also in the service agreement. We do not reasonably expect to receive any other
compensation, direct or indirect, for the services we provide to the Plan or Participants. If we
receive any other compensation for such services, we will (i) offset the compensation against
our stated fees, and (ii) we will promptly disclose the amount of such compensation, the
services rendered for such compensation and the payer of such compensation to you.
In providing services to the Plan and Participants, our status is that of an investment adviser
registered with the SEC, and we are not subject to any disqualifications under Section 411 of
ERISA. To the extent we perform fiduciary services, we are acting either as a fiduciary of the
Plan as defined in Section 3(21) under ERISA, or as a discretionary fiduciary of the plan as
defined in Section 3(38) under ERISA. The agreement that you sign with our firm will identify all
relevant terms of our relationship, including the applicable fiduciary status.
C. Services Limited to Specific Types of Investments
MWP generally limits its investment advice to mutual funds, fixed income securities, real estate
funds (including REITs), insurance products including annuities, equities, ETFs (including ETFs
in the gold and precious metal sectors), treasury inflation protected/inflation linked bonds and
non-U.S. securities. MWP may use other securities as well to help diversify a portfolio when
applicable.
D. Client Tailored Services and Client Imposed Restrictions
MWP will tailor a program for each individual client. This will include an interview session to get
to know the client’s specific needs and requirements as well as a plan that will be executed by
MWP on behalf of the client. MWP will use model allocations together with a specific set of
recommendations for each client based on their personal restrictions, needs, and targets.
Clients may impose restrictions in investing in certain securities or types of securities in
accordance with their values or beliefs. However, if the restrictions prevent MWP from properly
servicing the client account, or if the restrictions would require MWP to deviate from its
standard suite of services, MWP reserves the right to end the relationship.
E. Wrap Fee Programs
A wrap fee program is an investment program where the investor pays one stated fee that
includes management fees, transaction costs, fund expenses, and other administrative fees.
MWP does not participate in any wrap fee programs.
F. Assets Under Management
As of January 2024, MWP manages approximately $219,777,242 in client assets on a
discretionary basis.
G. Written Acknowledgement of Fiduciary Status
When we provide 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 laws 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.