OMNI 360 Wealth, Inc. (OMNI) was founded in 1996 by Linda J. Farinola (aka Linda J. Grant). There are three
investment advisors (Linda J. Farinola, James G. Colitsas and Bryan P. Katz) and two administrative employees.
The firm is located in New Jersey and registered with the SEC as a registered investment advisor.
Linda J. Farinola, Bryan P. Katz perform most of the investment advisory services for OMNI 360 Wealth, Inc.
James Colitsas does have some communication with clients that were previously under his advisement.
OMNI 360 Wealth, Inc. provides financial planning and investment management services to individuals, families, small
businesses and related entities. OMNI works with clients to define financial objectives and develop strategies for
reaching those objectives. The areas of focus include: identification and prioritization of financial goals and potential
problems, cash flow management and budgeting, education funding plans, retirement planning, estate planning,
charitable goals, employee benefits, insurance needs, tax planning, investment and portfolio analysis and other
financial issues specific to the client.
OMNI 360 Wealth, Inc. does provide investment advisory services on a discretionary basis as a stand-alone service. As
part of that service, we do collect and analyze significant information about the client and set up investment guidelines
and policies that are specific to that client and account.
The firm's compensation is solely from the fees paid directly by the clients. The firm does not receive commissions
based on the client's purchase of any securities. No referral fees are paid or accepted. No financial benefits are
received from custodians or broker-dealers based on the client security transactions ("soft dollar benefits").
Assets under direct management of OMNI are held by independent custodians, Schwab Institutional, a division of
Charles Schwab & Co., Inc., (CRD# 5393) in the client's name. OMNI does not hold client funds. OMNI is considered to
have custody in some jurisdictions due to the fact that a) we do charge our fees directly to client accounts and b) we do
move money between client accounts with proper authorization. This would include accounts from an individual to or
from an account that is held by the client jointly with another. The SEC determined that these transfers constitute
custody and has issued a no action letter that outlines conditions on how those transactions are handled. OMNI
complies with those conditions which are outlined in the custody section of this report.
OMNI also offers investment advisory services to business retirement accounts as a Registered Investment Advisor.
OMNI does not have discretionary authority on those plans which are held at various custodians.
We may recommend other professionals, (e.g. lawyers, accountants, insurance agents etc.) at the request of the client.
Other professionals are engaged directly by the client on an as-needed basis. Conflicts of interest are disclosed to the
client and the relationships are managed in the best interest of the client.
Linda J. Farinola is the president of OMNI 360 Wealth, Inc. and spends approximately 75% of her time as manager,
chief compliance officer and investment advisor for the firm. Linda also performs some management duties (10%) for
OMNI 360 Advisors, LLC. the indirect owner of OMNI - Planning & Management. Linda also performs tax planning and
preparation services (10%) for OMNI 360 Tax, Consulting and Accounting which is also owned by OMNI 360 Advisors,
LLC.
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Principal Owners - see Material Changes
OMNI 360 Wealth, Inc. is now owned by OMNI 360 Advisors, LLC, . The ownership of OMNI 360 Advisors, LLC is
31.05% James Colitsas, CPA
31.05% Neel Shah
11.16% Thomas Colitsas, EA, Public Accountant
17.01% Linda J. Farinola, CFA, CFP(r), EA
5.41% Joyce Morrison
3.87% Nancy Crowe
Types of Advisory Services
Financial Planning services are offered on a comprehensive, piecemeal, or hourly basis. A written evaluation of the
client's current situation and their goals is provided to the client. OMNI works with the client to define financial
objectives and develop strategies for reaching those objectives. The areas of focus include: identification and
prioritization of goals, employee benefits, insurance needs, tax planning, investment and portfolio analysis and other
issues specific to the client. The financial planning engagement also includes assistance with implementation of the
recommendations accepted by the client. Telephone support and meetings occur as required typically for a one year
period.
Investment Management is provided to clients mostly on a discretionary basis. OMNI works with clients to come up
with investment guidelines that reflect the clients’ needs, goals, temperament, and financial situation. Assets are then
managed on an ongoing
basis within the framework of the established guidelines. The guidelines outline the intended
use for the funds, tax issues, asset allocation targets and ranges, benchmarks, permitted or prohibited assets or other
client specific issues.
Use of Third-Party Service Provider
OMNI 360 Wealth, Inc. (Omni) has retained Buckingham Strategic Partners, LLC ("BSP)" to act as a sub-advisor for
certain client accounts. BSP shall provide various model asset allocation portfolios (each a "Portfolio", collectively
"Portfolios") for selection by Omni. Each Portfolio strives to achieve long -term risk and return objectives through
diversification among multiple asset classes using investment options available to BSP, which may include, but not
limited to, mutual funds and/ or exchange traded funds from Dimensional Fund Advisors LP, Bridgeway Capital
Management, Inc., AQR Capital Management, LLC, The Vanguard Group, Inc., Stoneridge Asset Management,
LLC or other providers selected by BSP. Each Portfolio is designed to meet a particular investment goal which
Omni has determined is suitable based on the client's circumstances. Once the appropriate Portfolio(s) has been
determined, the Portfolio will continuously be managed based on the portfolio's goal and BSP will have the
discretionary authority to manage the Portfolio(s), including periodically rebalancing. However, Adviser, on behalf
of its client, will have the opportunity to place reasonable restrictions on the types of investments to be held in the
portfolio. Should material life events occur, clients should immediately contact Omni to determine if changes to an
account and the allocation of the assets held in the account are necessary.
In some cases, OMNI 360 Wealth selects Parametric Portfolio Associates ("Parametric"), LLC for sub- advisory
management within client accounts. Parametric Portfolio Associates, LLC is an unaffiliated third-party sub-advisor
owned by Eaton Vance Acquisitions, LLC a wholly owned indirect subsidiary of Morgan Stanley. Parametric shall
manage the assets in accordance with the investment strategy and any customization selected by Omni for each
client account. Parametric collaborates advisers to design and implement customized solutions through the
application of equity, fixed income and derivative programs. Clients may impose restrictions on investments in
securities or types of securities and set additional investment guidelines as they deem necessary through Omni.
Clients where Parametric is implemented will receive disclosures related to Parametric and their separate and
distinct fees.
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Portfolio Analysis is provided to some clients who choose to make their own investment decisions and initiate their
own transactions. OMNI provides an analysis and recommendations for the client that are consistent with their
objectives. We work to identify strengths, weaknesses and potential risks of a portfolio and find alternatives that would
reduce the costs or risk, while maintaining or improving the potential gain of the portfolio.
Concierge Services and Special Projects may occasionally be undertaken that are not described in the other types of
agreements.
Treasury Management Services are also provided to businesses. These services can include cash and investment
management, banking service reviews, internal processes and controls, accounting and funding preparation and
strategy.
Types of Investments
In general, we offer advisory on publicly traded investments, where information about the investment is available to the
public. This includes stocks, bonds, mutual funds and exchange traded funds (ETFs). We will on occasion review
privately offered investments for a client if reliable information is made available to us. We also offer limited advice on
529 or Annuity sub accounts if the account's performance and holdings is available. We do not offer advice on Hedge
Funds which do not publicly provide information about their strategies, objectives, holdings and outlook.
We tailor our advisory services to the needs of our clients. We invest a lot of time and resources to learn about our
clients' entire financial position, goals, demographics and preferences. We advise clients based on their needs. Clients
may impose restrictions on investing in certain securities or types of securities. For example, if a client does not like a
certain company for moral or religious reasons, we do respect their wishes.
We do not participate in wrap fee programs.
As of December 2023, we manage a total of $248,576,571 on a discretionary basis and $0 on a non-discretionary basis.
OMNI also advises on a number of 401(k) retirement plans that totaled approximately $108,000,000.