A. Description of the Advisory Firm
PGP Wealth Services, LLC (“PGP”), was formed on June 9, 2009 and based in Burbank, CA, and has
been providing investment advisory services since 2010. PGP’s principal owner is Troy Peterson.
Under CCR Section 260.238(k), PGP, its representatives or any of its employees will disclose to
Clients, all material conflicts of interest.
B. Types of Advisory Services
ASSET MANAGEMENT
PGP offers asset management services to advisory Clients. PGP will offer Clients ongoing asset
management services through determining individual investment goals, time horizons, objectives,
and risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring
and the overall investment program will be based on the above factors.
Discretionary
When the Client elects to use PGP on a discretionary basis, the Client will sign a limited
trading authorization or equivalent allowing PGP to determine the securities to be bought or
sold and the amount of the securities to be bought or sold. PGP will have the authority to
execute transactions in the account without seeking Client approval on each transaction.
PGP may also select and appoint one or more Sub-Advisor(s) to provide Sub-Advisor Services to
Client’s Account without prior consultation with or the prior consent of Client. Such Sub-Advisor
Services will be as determined by PGP. Such Sub-Advisor(s), in providing Sub-Advisor Services, shall
have all of the same authority relating to the management, including fee deduction authority, of
Client’s Account as is granted to PGP in this Agreement. In addition, at PGP’s discretion, PGP may
grant such Sub-Advisor(s) full authority to further delegate such discretionary investment authority
to other Money Managers. The selection of Sub-Advisors will not affect the fee amount charged to the
Client. All fees paid by Client to PGP are inclusive of the fees paid to Sub-Advisor.
FINANCIAL PLANNING AND CONSULTING
Financial planning services include an evaluation of a Client's current and future financial state will
be provided by using currently known variables to predict future cash flows, asset values and
withdrawal plans. PGP will use current net worth, tax liabilities, asset allocation, and future
retirement and estate plans in developing financial plans. Topics generally reviewed in a financial
plan may include but are not limited to:
• Financial goals: Based on an individual's or a family's clearly defined financial goals,
including funding a college education for the children, buying a larger home, starting a
business, retiring on time or leaving a legacy. Financial goals should be quantified and set to
milestones for tracking.
• Personal net worth statement: A snapshot of assets and liabilities serves as a benchmark
for measuring progress towards financial goals.
• Cash flow analysis: An income and spending plan determines how much can be set aside
for
debt repayment, savings and investing each month.
• Retirement strategy: A strategy for achieving retirement independent of other financial
priorities. Including a strategy for accumulating the required retirement capital and its
planned lifetime distribution.
• Comprehensive risk management plan: Identify all risk exposures and provide the
necessary coverage to protect the family and its assets against financial loss. The risk
management plan includes a full review of life and disability insurance, personal liability
coverage, property and casualty coverage, and catastrophic coverage.
• Long-term investment plan: Include a customized asset allocation strategy based on
specific investment objectives and a risk profile. This investment plan sets guidelines for
selecting, buying and selling investments and establishing benchmarks for performance
review.
• Tax reduction strategy: Identify ways to minimize taxes on personal income to the extent
permissible by the tax code. The strategy should include identification of tax favored
investment vehicles that can reduce taxation of investment income.
• Estate preservation: Help update accounts, review beneficiaries for retirement accounts
and life insurance, provide a second look at your current estate planning documents, and
prompt you to update your plan when the legal environment changes or you have major life
events such as a marriage, death, or births.
If a conflict of interest exists between the interests of PGP and the interests of the Client, the Client is
under no obligation to act upon PGP’s recommendation. If the Client elects to act on any of the
recommendations, the Client is under no obligation to affect the transaction through PGP. Financial
plans will be completed and delivered within ninety (90) days contingent upon timely delivery of all
required documentation. Under CCR Section 260.235.2, it requires that the conflict of interest, which
exists between the interests of the investment advisor and the interests of the Client when offering
financial planning services, be disclosed.
SEMINARS AND WORKSHOPS
PGP holds seminars and workshops to educate the public on different types of investments and the
different services they offer. The seminars are educational in nature and no specific investment or
tax advice is given.
C. Client-Tailored Services and Client-Imposed Restrictions
The goals and objectives for each Client are documented in our Client files. Investment strategies are
created that reflect the stated goals and objectives. Clients may impose restrictions on investing in
certain securities or types of securities. These restrictions may, however, prohibit engagement with
PGP.
D. Wrap Fee Programs
PGP does not participate in a Wrap Program.
E. Amounts Under Management
As of December 31, 2023, PGP provides management services for:
Discretionary Assets: Non-Discretionary Assets:
$83,122,000 $0