AGW Capital Advisors (“AGW”) is a Limited Liability Company organized under
the laws of the State of Florida. Jay Annis, P. J. Gardner and Paul L. Whiting, Jr.
co-founded the Tampa-based investment advisory firm in 2009 and are the
principal owners. AGW Capital Advisors is an SEC registered investment
advisory firm.
As of December 31, 2023, we managed a total of $1,150,280,809 regulatory
assets under management, $919,120,402 on a discretionary basis and
$231,160,407 on a non-discretionary basis. We also had $2,188,983,114 in assets
under advisement, for a total of $3,339,263,923.
Investment Management and Consulting
We assist you in improving the use of your assets by:
1) identifying appropriate investment objectives,
2) identifying suitable risk parameters which assets should be managed,
3) deploying your assets in a manner that maximizes the probability of
achieving your stated objectives within acceptable risk parameters, and
4) monitoring your ongoing progress towards achieving your stated objectives
and making adjustments to your investment strategy given your progress
and changing conditions.
We frequently manage assets on a discretionary basis to ensure that we have the
ability to make necessary changes on your behalf. However, we also handle
relationships on a non-discretionary basis or strictly provide investment advice
only, which is more common with our institutional, committee-based clients.
Our core services include, but are not limited to, the following:
Investment policy statement for corporate and institutional clients:
o goal and objective setting,
o spending/distribution policy
Asset allocation:
o portfolio optimization, stress testing using linear forecasting, historical
analysis, asset liability modeling, Monte Carlo simulation, and
o rebalancing
Investment manager search and selection:
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o screening,
o initial and ongoing due diligence
Performance measurement and evaluation:
o benchmarking,
o monthly/quarterly performance reporting
Fiduciary/trustee services:
o education and advice on procedural prudence,
o controlling and accounting for expenses, etc.
Coordination of professional services:
o tax,
o legal,
o accounting, and
o insurance
AGW manages a private fund (the “Fund”) that is exempt from registration under
certain exemptions of the Investment Company Act of 1940. AGW is the
investment adviser and general partner to a private equity fund of funds, AGW PE
Access Vehicle: BPV – IV, LLC. AGW, at its sole discretion, may recommend
clients invest in the Fund if they meet certain requirements. The Fund’s
investment objectives and limitations are described in the Fund’s confidential
private placement memorandum (the “PPM”), which is provided to each
prospective investor prior to their investment.
AGW also provides the following services to retirement plan clients:
Retirement Plan Provider Search and Selection
o AGW provides Request for Proposal (“RFP”) services to assist plan
sponsors in selecting their record-keeper or other third-party providers
Retirement Plan Fee Benchmarking and Analysis
o AGW provides comprehensive fee analysis, which provides plan
sponsors with a complete review and benchmarking of all plan
expenses
and fees.
Additional Services for Retirement Plans
o AGW provides additional plan services which may include assistance
with meeting minutes, required plan notices, participant education, and
other plan related services.
The investment strategies utilized, and portfolios constructed and managed,
depend on your specific investment objectives and goals as provided to us. Model
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portfolios and unaffiliated investment managers may be used as a part of this
strategy. However, you have the opportunity to place reasonable restrictions on
the type and percentage of individual investments to be held in the portfolio.
In managing your investment portfolio, we consider your:
financial situation,
risk tolerance,
investment horizon,
liquidity needs,
tax considerations,
investment objectives, and
any other pertinent issues important to your state of affairs.
You should notify us promptly if there are any changes in your financial situation
or investment objectives or if you wish to impose any reasonable restrictions
upon the management of your account.
Separately Managed Accounts
We have also entered into agreements with various third parties, including, but
not limited to, Charles Schwab & Co., Inc. (“Schwab”), Callan Associates and
Natixis Global Associates for access to a wide range of third-party investment
managers representing a diverse array of investment strategies.
In some cases, we may recommend that you have your portfolio invested in
separately managed accounts that are managed by one or more third-party
investment managers. Within these accounts, most securities transactions are
decided upon and executed by the third-party investment manager. Typically, the
third-party investment manager exercises discretion in the management of your
account.
The fee that you pay directly to the separate account manager under this
arrangement does not include the advisory fee paid to AGW Capital Advisors.
We will monitor the performance of your portfolio manager and provide you
with ongoing advice concerning your portfolio.
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Written Acknowledgment 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 are compensated for these services is viewed as a conflict of interest.
Due to this conflict of interest, we operate under a special rule that requires us
to act in your best interest and not put our interest ahead of yours. Under these
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
• Provide basic information about conflicts of interest.