LongView Wealth Management, Inc. (hereinafter referred to as “LongView” or “we”) is an investment
advisory firm offering a variety of advisory services customized to your individual needs.
A. LongView was created in 1978 and is organized as a corporation. Larry Quinton Fisher is our
CEO and Jennifer Stewart is our President.
B. LongView offers the following advisory services. Each of the services is more fully described
below.
• Asset Management
• Initial and/or Periodic Financial Planning and Asset Allocation Services
• Divorce Planning Services
• Analysis, Recommendation and Monitoring of Third-Party Managed Programs
C. LongView tailors the advisory services it offers to you to meet your individual needs. LongView
will ask for financial documents and have you complete a data gathering questionnaire which will
assist LongView with obtaining information about your financial situation and history.
Additionally, LongView will meet with you in person or virtually to discuss your goals and timelines
which will assist LongView in providing you with the services requested and pertinent to your
financial situation. Documents frequently requested will include but not limited to:
• Financial Statements
• Tax Records
• Cash flow analysis
• Other applicable financial information required by LongView in order to provide the
investment advisory services requested.
D. As of December 31, 2022, we managed approximately $864,624,622.00 of client assets on
discretionary basis and $15,792,181.00 on non-discretionary basis totaling $880,416,844.00
regulatory assets under management.
E. Asset Management Services
LongView offers continuous and ongoing asset management services based on a client’s individual
needs. LongView has arrangements with multiple broker/dealers to offer clients custodial services
and enable LongView to manage client’s assets. Please refer to the disclosures in Item 12 for
additional information about the relationship between LongView and the broker/dealers.
Accounts are managed by LongView on a discretionary or non-discretionary basis as agreed to
between the client and LongView. For the accounts managed on a discretionary basis, you will
give LongView the authority to determine the securities to be purchased and sold in the account
and alter the securities holdings from time to time, without prior consultation with you. Such
discretionary authority will be granted in the Client Agreement executed by you and LongView. If
you elect to have your accounts managed on a nondiscretionary basis, no changes will be made to
the allocation of your account without prior consultation with you and your expressed agreement.
LongView primarily uses open-ended mutual funds, ETF’s, stocks, and bonds.
Clients are advised that transactions that occur in the account such as account reallocations and
rebalancing can trigger a taxable event for the client. However, note that LongView does not
provide tax advice and you are encouraged to consult a tax professional to evaluate any tax
implications.
F. LongView offers Advisory Services through the following programs:
• LongView Wealth Management Program Wrap
• LongView Wealth Management Program Non-Wrap
• LongView Wealth Management Financial Planning Engagement
• Divorce Planning
• Third-Party Money Managers
• Envestnet
• Frontier
LongView Wealth Management Program (Wrap)
LongView uses a wrap program which for a management fee will include LongView’s charge for
managing your account as well as ticket charges assessed by the custodian for transactions placed in
your account. Be aware the custodian does charge other fees which will not be covered by the wrap fee.
A full list of charges assessed by the custodian is available for your review provided by the custodian.
Typically, a wrap program is more suitable for clients who will have more frequent trading in securities
for which the custodian charges transaction fees. Custodial services are made available through Schwab
Institutional a division of Charles Schwab & Co., Inc. (“Schwab”) and National Financial Services LLC
or Fidelity Brokerage Services LLC (“Fidelity”), both of which are a registered broker/dealer and
member SIPC. Refer to Item 12 for additional information about Schwab and Fidelity.
LongView Wealth Management Program (Non-Wrap)
LongView uses a non-wrap program which for a management fee will only include LongView’s charge
for managing your account. Transaction fees in the form of ticket charges will be assessed by the
custodian for transactions placed in your account. Be aware the custodian does charge other fees and a
full list of charges assessed by the custodian is available for your review provided by the custodian.
Typically, a non-wrap program is more suitable for clients who will have more less frequent trading in
securities for which the custodian charges transaction fees. Custodial services are made available through
Schwab Institutional a division of Charles Schwab & Co., Inc. (“Schwab”) and National Financial
Services LLC or Fidelity Brokerage Services LLC (“Fidelity”), both of which are a registered
broker/dealer and member SIPC. Refer to Item 12 for additional information about Schwab and Fidelity.
Initial and/or Periodic Financial Planning and Asset Allocation Services
Initial and/or Periodic Financial Planning Advisory Services include the initial writing and formulation
of a personal financial plan. Services may be inclusive or limited, as agreed.
Periodic Financial Planning Advisory Services include the design, construction, asset allocation,
implementation, and monitoring of investment portfolios.
Miscellaneous Services include evaluation, analysis, and recommendations concerning specific, isolated
financial planning problems or investment decisions.
LongView furnishes financial planning advice by way of incidental consultations. These consultations
can contain advice about securities and are not included in any manner described above.
Asset allocation services include the design, construction of an asset allocation and periodic monitoring of
the account. If LongView or your LongView Advisory Representative is not the representative of record
on the account, the client will be responsible for implementation of the designed asset allocation plan.
Further, unless duplicate statements and confirmation can be sent by the account custodian to LongView it
will be the client’s responsibility to provide at least quarterly statements to LongView. These services are
periodic and are not meant to be considered or held out as continuous and ongoing asset management
services. Advice will be provided upon the request of the client or as a result of a market event.
The above services can be combined. Our advice will be based on information, documents, and risk
guidelines which clients provide.
During the financial planning process, LongView works with clients to define personal goals, evaluate
existing financial circumstances and develop coordinated strategies to meet financial objectives. The
client may, at his or her discretion, choose to implement the plan with LongView. Implementation of
the plan requires LongView to work closely with the client's attorney, accountant,
banker, or other
trusted financial advisors. Finally, LongView can work with the client to review and update their plan
on a regular basis.
The Financial Plan includes written presentation of client objectives and goals, a summary of
assumptions used in preparing financial analyses, a summary of significant events occurring during the
planning period, a discussion addressing each of the client's objectives, and assessing his or her ability
to achieve each goal, and recommendations detailing the steps the clients must take to achieve the
financial objectives.
Financial analyses are devised in applicable areas of tax planning, budgeting, children's education,
retirement planning, insurance and disability protection, estate planning, investments and business
planning.
Financial planning services are based on the client’s financial situation at the time and are based on
financial information disclosed by the client to LongView. Clients are advised certain assumptions are
made with respect to interest and inflation rates and use of past trends and performance of the market
and economy. However, past performance is in no way an indication of future performance. LongView
cannot offer any guarantees or promises that client’s financial goals and objectives will be met. Further,
client must continue to review any plan and update the plan based upon changes in the client’s financial
situation, goals, or objectives or changes in the economy. Should client’s financial situation or
investment goals or objectives changes, clients must notify LongView promptly of these changes.
Once the client receives written recommendations, it is client’s decision alone to implement the
recommendations, either completely, in part, or not at all.
Divorce Planning (Consulting)
Certain Advisory Representatives of Long View offer divorce-consulting services. Services will include but will not
be limited to summary of income and expenses (pre and post-divorce), summary of present financial position
(community and separate property), options regarding division of property, projected net worth (post-divorce),
projected cash flow (post-divorce), recommended financial plan, expert witness regarding financial matters, all
post-divorce services related to the divorce.
Third-Party Managed Programs
LongView and its Advisory Representative(s) provide asset allocation advice through various third-party
fund management programs, such as Envestnet and Frontier. Advisory Representative will assist the
client in selecting a suitable investment portfolio and asset allocation strategy that will be used by the
program sponsor to properly allocate the client’s assets in the investment portfolio. Advisory
Representative provide initial and ongoing client education concerning the asset allocation strategy
selected by client, explain rebalancing guidelines utilized with the investment allocation strategy selected
and meet with client periodically to discuss changes in client’s investment objectives and risk tolerance.
The investment portfolio will be created by the program sponsor, which typically determines the funds
included in the portfolio it creates, the specific asset allocations within each portfolio, and rebalances the
portfolio periodically. The program sponsor will periodically change the relative allocations among
funds in the portfolio.
The third party will generally determine the minimum investment amount for client participation.
Disclosure of the third-party manager’s minimum account requirements will be disclosed in the third-
party manager’s disclosure brochure.
Clients are advised that third-party managed programs can be more or less expensive than if the client
obtained services directly from the third-party manager or obtained services separately.
It is important to read the third-party manager’s Disclosure Brochure before entering into a third-party
program.
Held-Away Accounts
We use a third-party platform (Pontera) to facilitate management of held away assets such as defined
contribution plan participant accounts, with discretion. The platform allows us to avoid being considered
to have custody of Client funds since we do not have direct access to Client log-in credentials to affect
trades. We are not affiliated with the platform in any way and receive no compensation from them for
using their platform. A link will be provided to the Client allowing them to connect an account(s) to the
platform Once client account(s) is connected to the platform, Adviser will review the current account
allocations. When deemed necessary, Adviser will rebalance the account considering client investment
goals and risk tolerance, and any change in allocations will consider current economic and market trends.
The goal is to improve account performance over time and manage internal fees that harm account
performance. Client account(s) will be reviewed al least quarterly, and allocation changes will be made
as deemed necessary.
General Information
You are advised the investment recommendations and advice offered by LongView are not legal, tax or
accounting advice. You should coordinate and discuss the impact of financial advice with your attorney
and/or accountant. You are advised that it is necessary to inform LongView promptly with respect to
any changes in your financial situation and investment goals and objectives. Failure to notify LongView
of any such changes could result in investment recommendations not meeting your needs.
Advisory Representatives recommend to clients the use of various share classes of mutual funds
including no transaction fee funds. This will create conflicts of interest as the IAR will be incentivized
to recommends funds which will not charge them a ticket charge for wrap accounts and is not necessarily
in your best interest. Generally, clients should select the lowest cost available share class for wrap
accounts. For Non-Wrap accounts a client should weigh the benefit of not paying a ticket charge with
the increased cost for the share class.
Clients are advised of the following:
1. Class I shares generally have lower internal expenses and no upfront fees. There may be minimums
to utilize this share class.
2. No Transaction fee funds typically have higher internal expenses that can outweigh the benefits of
not paying a ticket charge.
Disclosure of the costs and expenses of various share classes is contained in the prospectus. Clients
should read the prospectus prior to investing.
The cost to the client will vary depending on the type of share class of mutual funds purchased, amount
of trading, and amount of service requested by the client. Clients are advised that clients will continue
to pay internal expenses of the mutual fund even after the termination of the advisory agreement. It is
important to consider and evaluate the internal costs. Though internal costs are not evident on statements
and confirmations, such costs and expenses should be considered along with the advisory fee you pay
LongView, when determining your total cost of investing.
There is no assurance that the level of experience and service each individual IAR provides is uniform.
LongView clients can pay more or less for the same service due to the experience, time required to
complete plan and sophistication of its Financial Planner.