Description of the Firm
Entasis Asset Management LLC is a Wisconsin limited liability company (“Entasis”) founded in 2016, with
its principal place of business in Wisconsin. Entasis is now a Securities and Exchange Commission (“SEC”)
registered investment adviser. Registration with the SEC does not imply any specific level of skill or
training.
K. Robert J. Batchelor, Charles J. Batchelor and Michael J. Peters are currently the sole managers of Entasis.
Description of Services Offered
Entasis offers investment advisory, financial planning, tax planning and non-investment management
services to its clients. Entasis may offer its services to individuals, corporations and other business entities,
pension and profit-sharing plans endowments, foundations, charitable organizations, investment advisors,
estates, government entities and trusts.
Entasis also offers Investment Management services through a range of equity, fixed income and balanced
investment strategies to a broad set of clients. Our investment strategies are offered to clients with specific
investment goals who do not desire to utilize our financial planning services. We generally refer to our
investment strategy offerings as Investment Management.
Entasis offers Research and Consulting services to other investment advisory firms, corporations and other
business entities, endowments, foundations, banking and trust institutions, registered broker-dealers,
retirement plan administrators and other institutions.
Entasis offers Non-Discretionary Retirement Plan Advisory and Consulting services to retirement plan
sponsors of corporations and other business entities of any size.
The following paragraphs describe Entasis' services. Please refer to the following paragraphs for more detail
about the specific service, and how we tailor our services to your individual needs. As used in this Brochure,
the words "our" and "us" also refer to Entasis. The words "you," "your" or "client" refer to our clients and
prospective clients. Other terms may be defined later in this Brochure as well.
Wealth Management Services
Entasis offers continuous and ongoing investment advice and portfolio management through our Wealth
Management which includes financial planning services. Our Wealth Management services are tailored to
meet our client's individual needs, life circumstances and investment goals. We have discussions with the
client to determine the client's investment objectives, risk tolerance, time horizons and liquidity needs. We
use the information we gather to create an individualized investment strategy and portfolio for the client,
while evaluating market trends and potential market outcomes. Although we do not have a required
minimum account size, we recommend a minimum account size of $250,000 for clients that choose our
Wealth Management services.
Clients may impose reasonable restrictions and guidelines on investing in certain securities, types of
securities or industry sectors. We expect all such restrictions to be timely communicated to us. Client
restrictions and guidelines may negatively affect investment performance.
We also expect clients to inform us of any changes to their financial circumstances, investment objectives
or risk tolerance, or of any modifications or restrictions that should be imposed on the management of the
client's account. In this manner, Entasis can better serve our clients' needs.
Account management and supervision is guided by the client's stated objective, reasonable restrictions and
guidelines, and market conditions. We manage clients' investment accounts on a discretionary and non-
discretionary basis. Once we construct an investment portfolio for a client, we will monitor the portfolio's
performance on an ongoing and continuous basis, unless otherwise agreed, and will make adjustments and
reallocations as necessary due to changes in market conditions and the client's financial circumstances.
For our discretionary asset management services, Entasis will receive a limited power of attorney to effect
securities transactions on behalf of a client. This will allow us to determine the specific securities (subject
to client restrictions) and the amount of securities to be sold in a client's accounts without prior client
approval. The client may limit our discretionary authority by providing us with a written communication
that details restrictions and other guidelines.
Unless otherwise agreed to by the client and Entasis, if we manage a client's account on a non-discretionary
basis, we will either have the ongoing responsibility to select or make recommendations, which will be
based upon the client's individualized investment strategy, as to specific securities purchased or sold in the
account, or we will develop and implement an asset allocation strategy, which we will continuously monitor
and supervise. However, we would first obtain a client's approval before executing transactions in a non-
discretionary account. Requests for approval will be communicated via electronic mail to an authorized
account. The client will be responsible for responding in a timely manner.
We explore different types of investment options and strategies in the design of a client's customized
portfolio. Our investment recommendations are not limited by any specific product or service offered by a
broker-dealer or custodian. These recommendations will generally include, but not necessarily be limited
to, security types from the following list:
•
Money market funds and other cash instruments
• Exchange listed securities, and securities traded over-the-counter
• Mutual fund shares and exchange traded fund shares – passive and actively managed
• Separately managed accounts
• Corporate debt securities
• Municipal securities
•
U.S. governmental securities
• Real estate investment trust shares/interests
Each type of security has its own unique set of risks associated with it, and it would not be possible to list
here all the specific risks of every type of investment. Even within the same type of investment, risks can
vary widely. However, in very general terms, the higher the anticipated return of an investment, the higher
the risk of loss associated with it.
Because some types of investments involve certain additional degrees of risk, they will only be
recommended and implemented when consistent with the client's stated investment objectives, tolerance
for risk, suitability and liquidity needs.
Entasis’ financial planning is a comprehensive evaluation of a client's financial situation using currently
known facts and variables that relies on the practice standards outlined by the CFP Board. We create a
personalized financial plan for the client, which is designed to assist the client in achieving financial goals
and objectives. We may also prepare special reports at the client's request. Entasis will, on occasion, work
with a client who only desires a financial plan without accompanying investment advisory services. The
terms of the engagement would be individualized based on that client's needs.
A financial plan generally addresses the following areas:
• Knowledge Gathering: Understanding of a client's current financial situation. Sources of
evaluation include income, expenses, assets, liabilities, etc. Information is gathered through
interviews and reviews of documents provided by the client, including questionnaires. Information
gathered typically includes the client's current financial status, future goals, investment objectives,
risk tolerance and family circumstances.
• Risk Discussion: This area generally involves the identification, selection and prioritization of
goals, analysis of the client’s current financial plan, a review of potential alternate plans, the
development of recommendations and the presentation of recommendations.
• Portfolio Management: Implementation of financial plan recommendations and the selection of
investment options and other services designed to execute the plan. Execution of the plan may
require the services of a specialist such as an insurance specialist, attorney, or tax accountant. We
may recommend third-party service providers, but the client is under no obligation to use
any
service provider recommended by us.
• Ongoing Communication: Assessing client circumstances regularly is critical as needs can
change. Entasis sets a regular review schedule with each client, according to their preferences, to
update goals and recommendations, monitor portfolio results and financial plan progress and
refresh qualitative and quantitative information.
Financial plans are based on the client's financial situation and on the information provided to us by the
client at the time we present the financial plan to the client. The client must promptly notify us if his/her
financial situation, goals, objectives or needs change. Certain assumptions may be made with respect to
interest rates, inflation rates, and use of past trends and performance of the market and economy. Past
performance is in no way an indication of future performance. We cannot offer any guarantees or promises
that a client's financial goals will be met.
Tax Planning Services
Entasis offers customized and continuous tax planning to individuals and businesses through our Tax
Planning services. Our tax planning services are tailored to the specific needs of each individual and
business after a thorough assessment of each client’s tax situation.
A tax plan generally addresses the following areas:
• Personal Tax Planning: Every individual has a unique tax situation. Our personalized tax planning
services are designed to maximize deductions, credits, and exemptions, with the goal of helping
our clients pay the minimum tax required by law.
• Business Tax Planning: Our specialized business tax planning services are tailored to meet the
needs of entrepreneurs, startups, small and medium-sized enterprises (SMEs), and corporations.
We help clients structure transactions, manage tax liabilities effectively and identify opportunities
for tax savings,.
• Estate and Inheritance Tax Planning: Estate and inheritance tax planning services provide
comprehensive solutions to preserve wealth and minimize tax burdens on the heirs of clients.
• Retirement and Investment Tax Planning: Planning for retirement and managing investments
requires a strategic approach. Our experts will help you navigate tax-efficient investment strategies,
retirement account contributions, and distribution planning to secure your financial future.
• Tax Compliance and Reporting: Staying compliant with tax laws is essential. We offer guidance
and support to ensure compliance with all relevant regulations.
• International Tax Planning: International tax law can be complex. We can assist with cross-
border tax planning, expatriate taxation, and compliance with foreign tax reporting requirements.
Tax plans are based on the client’s tax situation and information provided to us at the time we present the
tax plan to the client. The client must promptly notify us if any tax situation, goal or objective changes. We
cannot offer any guarantees or promises that a client’s tax goals will be met.
Investment Management Services
Entasis offers a range of individual strategies and asset allocation strategies for investors who do not have
an interest in financial planning and prefer to only hire the firm as an investment manager. Our Investment
Management services rely on the same in-house research used to develop portfolios for Wealth
Management Financial Planning clients. We recommend a minimum account size of $50,000 for clients
that choose our Investment Management services. A list of strategies currently available is set forth below.
• Equity
• Core Fixed Income
• Core Plus Fixed Income
• High Income
• Dynamic Total Return
• GenerationTechTM
Entasis GenerationTechTM asset allocation strategies are designed for people who enjoy the time and
communication efficiencies provided by technology. GenerationTechTM portfolios are designed for
investors beginning to accumulate wealth and investors who prefer efficient, low touch client service from
their advisor. Portfolio minimums are generally $50,000 in household investable assets. These portfolios
are designed to provide high quality investment advice in a highly efficient package. Clients with at least
$5,000, and approved account type registrations, can utilize Charles Schwab’s Institutional Intelligent
Portfolios® (IIP) technology and service platform. The platform leverages Schwab Performance
Technologies (SPT) and is made available to Entasis to provide clients with an automated investment
management service. Schwab, a registered broker-dealer and member SIPC, provides custody, trading and
support services.
Investment Management is guided by each strategy's stated objective. All client accounts will be managed
on a discretionary basis. We will monitor the portfolio's performance on an ongoing and continuous basis
and will make adjustments and reallocations as necessary due to changes in our investment opinions and
changes in market conditions.
(Please refer to Item 8 for more information on our investment strategies.)
EAM+ Consulting Services
Entasis’ EAM+ Consulting Services options are non-investment management services designed to provide
clients with complex lives a range of customizable, concierge-like services in addition to the Financial
Planning, Tax Planning or Investment Management services described herein. Entasis will often refer to
these services as “CEO Services or Personal CFO” using the dba name of EAM+. Entasis’ list of Services
under the EAM+ dba include:
• Budgeting
• Banking Recommendations
•
Lending Recommendations
•
Employee Contract Coordination
• Identity Protection Review
• Private Investment Due Diligence
• Insurance Analysis
• Benefits Review
•
Sudden Wealth Analysis
•
Business Planning
• Charitable Giving Review
• Third Party Interview Services (Attorneys, Agents, Accountants, etc.)
To provide these services Entasis expressly relies on information provided by the client and the client’s
other professionals such as attorneys and accountants. It is the responsibility of the client to inform Entasis
of any changes that could impact its recommendations.
Research and Consulting Services
Entasis' Research and Consulting services typically include investment advisor assessments and access to
Entasis portfolio strategies. An investment advisor assessment generally consists of an analysis of the
investment management organization, investment process(es), investment manager due diligence, portfolio
construction and fees of another advisor. Entasis' portfolio strategies include access to our recommended
investment products and models including ongoing changes to both.
Research and Consulting services may also include approved investment advisor list consolidation,
asset/liability modeling, asset allocation recommendations and investment policy development, among
other services.
Non-Discretionary Retirement Plan Advisory and Consulting Services
Entasis’ Non-Discretionary Retirement Plan Advisory and Consulting services are designed to support the
needs and responsibilities of the plan sponsor of a client’s retirement plan. Entasis services include a due
diligence search designed to assist in the selection of a third-party administrator (TPA) and a recordkeeper
that align with the unique needs of each client retirement plan. We expect the plan sponsor of each
retirement plan client to assist in the due diligence effort by providing Entasis with a detailed summary of
plan provisions and preferences. In addition to the due diligence search, Entasis’ list of services also
includes the following:
•
Investment policy statement development.
• Investment menu design.
• Investment monitoring and reporting.
• Investment committee support.
• Total plan fee analysis and plan benchmarking.
• Optional risk-based GenerationTechTM portfolio models for participants.
• Optional one-on-one participant Financial Planning services.
Client Assets under Management
As of 12/31/2023, Entasis had $132,916,995 million in assets under discretionary management and
$2,221,315 million under non-discretionary management.