Advisory Services Network, LLC
(“ASN,” we, us, our, ours), located in
Atlanta, Georgia, is a Limited Liability
Company organized under the laws of the
State of Georgia. Thomas C. Prescott and
David E. Paulukaitis founded ASN in
2009 and are our principal owners. ASN
is registered as an investment advisory
firm with the Securities and Exchange
Commission (“SEC”).
We offer investment advisory services
through a network of independent
Investment Adviser Representatives
(“IARs”, advisory representative) who
conduct business under the ASN name or
another of our branded business names.
In addition to ASN, certain IARs
currently conduct advisory business
through ASN under the following brands:
4P Wealth Trust
Acuity Wealth Advisors
Advanced Investment Management
Alkemi Capital
Alpen Wealth Advisory Group
Alpine Peaks Advisors
Analytical Capital
Anchor Private Planning
Apex Capital Wealth Management
APG Capital Asset Management
Appleby Yudenfreund Wealth
Management & Consulting
Arellano Financial Partners
Argentora Wealth Management
Associated Capital Advisors
Balanced Wealth Advisors
Barrington Financial Advisors
Bay Reef Capital
Bayswater Capital
Beckley, Whitener & Wetmore Wealth
Advisors
Blackwood Wealth Management
Bluewater Investment Strategies
Bogar LK Advisory Services
Campbell HarNess Capital Wealth
Management
Clear Path Financial Services
Courtney Wealth Advisors
Crosswind Investments
Crown Wealth Management
Darwin
Deer Creek Capital
DKP Wealth
Drew Capital Management
Duet Wealth Management
Enhance Wealth
Equable Portfolio Management
Evergreen Wealth Management
Fiduciary Private Wealth
Five Points Advisory
Fleming Investment Management
FND Wealth Management
Foothills Capital Management
FPF Global Advisors
Garrard Wealth Management
Greer Capital
Guy P. Jones, CFP®
High Pointe Private
Hilltop Wealth Management
HLK Asset Management
Howard Financial Services
IHS Capital Management
Infinity Advisory Group
Inflection Point Wealth Advice
IntelliPlan Advisors
Intentional Wealth Planning
Intuitive Wealth Advisors
Investment Planning Solutions
Ironwood Wealth Management
Johnson Lane Advisory Partners
Joyce Wealth Advisory
Judge Asset Management
Juniper Investments & Financial
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Planning
Kenetex Wealth Management
Knox & Downing Advisors
Kuhn Wealth Advisors
Landers Advisory Services
Legacy Capital
LFM Wealth Management
Lichtman Investment Advisors
Lone Pine Advisory Services
M6 Wealth
Makkai Capital Group
Malloch Wealth Management
MAP Strategic Wealth Advisors
Market Trends Advisory
McClellan Wealth Management
McLaughlin Wealth Management
MH Strategic Advisors
MHM Capital Management
Miller Financial
MMX Wealth Partners
Moore’s Wealth Advisory
Northshore Wealth Advisors
Oakmont Financial Partners
Ohio Valley Wealth Management
Olde Raleigh Financial Group
Paro Wealth Management
Pfleger Financial Services
Piper Wealth Management
Platinum Wealth Advisors
Pople Investment Management
Private Client Group
Private Ridge Wealth Management
PRS Investment Advisors
R. Meier Wealth Management
RB Welborn Financial
Reider Capital Management
Retire Orlando
Richter Wealth Advisory
RLK Wealth Management
Roswell Asset Management
Roxbury Financial Advisor Group
Samra Wealth Management
Sentry Advisors
Siena Private Wealth
Simon & Simon Wealth Management
Smarte Investments
SMG Financial
SMG Wealth
Song Wealth Management
Sonterra Wealth Management
Sound Advice Financial
Springer Financial Services
St. Matthews Investors
Sycamore Wealth Management
Tenet Wealth Management
Terra Stone Wealth Management
The Wealth Tenders
Townsend Financial Life Management
TwoTalents Capital Management
U.S. Asset Management
Valoren Advisors
Veracity Capital Management
VH Wealth Advisors
Water Street Financial
Way Capital Management
Wealth Transition Finance
Wealthpath Financial Planning
West Street Financial
Williams Wealth Advisors
Williams Wealth Management
WTIFS
ZHU Wealth Management
Our IARs who use branded business names are noted as a member of Advisory Services
Network, LLC because they are registered with and offer advisory services through us.
The term “member” does not imply any ownership interest in or control of ASN.
Our IARs work with you to identify your investment goals, objectives, and risk
tolerances in order to structure an investment account and an ongoing investment
strategy that is appropriate for you.
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The Wrap Fee Program Services
Advisory Services Network, LLC sponsors a Wrap Fee Program (“Program”). The
Program offers individualized portfolio management, asset allocation, portfolio
monitoring, and consolidated reporting. A wrap-fee program is a type of investment
program that provides clients with asset management and brokerage services for one
all-inclusive fee. If you participate in our wrap fee program, you will pay us a single fee,
which includes money management fees, certain transaction costs, and custodial and
administrative costs. You are not charged separate fees for the respective components
of the total service.
Portfolios may include mutual funds, exchange traded funds (“ETFs”), stocks, bonds,
options, and alternative investments such as limited partnerships and real estate
investment trusts. The program may also include certain financial planning services.
Your portfolio (“account” or “investment account”) and the investment strategies
utilized are determined based upon your specific individual investment objectives, goals
and risk tolerances. Our IARs may periodically adjust your account (a process referred
to as “rebalancing”) to help ensure that your investment account remains consistent
with your objectives, goals, and risk tolerances.
Our IARs rely on you to notify them of any changes in your objectives, goals and risk
tolerances, as well as any other material changes in your personal circumstances (such
as your employment, marital status, financial condition, etc.). These changes may
prompt changes in your investment account and the investment strategies employed.
Our IARs may manage your investment account on either a discretionary basis
(meaning that you authorize your IAR to make specific investment decisions on your
behalf) or non-discretionary basis (meaning that your IAR must obtain your specific
prior approval before a transaction can be effected for your investment account).
Whether your IAR is authorized to exercise discretion with respect to your investment
account is your choice. When you establish an advisory relationship with us, we will
ask that you advise us in writing how you would like your IAR to handle your account.
The scope of the discretionary authority that you may grant to one of our IARs is
limited to selecting specific investments for your account and deciding how to allocate
your account assets among those investments. Your IAR may decide if and when to
buy, hold, or sell those investments. Once you have granted discretionary authority to
your IAR, it is effective until you change it or revoke it in writing.
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You may impose any reasonable restrictions upon the manner in which your IAR
manages your investment account. For example, you may restrict the management of
your account to certain types of investment products or investment strategies.
Retirement Plan Rollovers
A client leaving an employer typically has four (4) options for their retirement plan:
Leave the money in their form employer’s plan, if permitted:
Rollover the assets to their new employer’s plan, if one is available and rollovers
are permitted;
Rollover to an Individual Retirement Account (“IRA”); or
Cash out the account value (which could, depending upon the client’s
age, result
in adverse tax consequences).
An IAR may recommend that a client or prospective client roll over plan assets to an
IRA managed by the IAR. As a result, the IAR may earn an asset-based fee. IARs have
an incentive to recommend a rollover that the IAR will manage based on the
compensation received, which is mitigated by the fiduciary duty to act in a client’s best
interest. No client is under any obligation to roll over plan assets to an IRA managed
by the IAR.
There are various factors that the IAR may consider before recommending a rollover,
including, but not limited to: i) the investment options available in the plan versus the
investment options available in an IRA, ii) fees and expenses in the plan versus the fees
and expenses in an IRA, iii) the services of the plan’s investment professionals versus
those of the IAR, iv) employer stock tax consequences, if any.
Fees and Compensation
Our fee is calculated based upon an annualized percentage of the market value of the
investment assets in your account. One-fourth of our fee is billed each calendar quarter
in advance, based on the value of your account on the last day of the previous quarter.
Broker-dealers and other financial institutions that hold investment accounts for
advisory clients are referred to as custodians (hereinafter referred to as
“custodian/broker-dealer”). Your custodian/broker-dealer will determine the values
of the assets in your account.
We maintain relationships with several custodian/broker-dealers. We do not select
the custodian/broker-dealer for your account.
We charge our investment management fees in advance, meaning that we charge our
fees before we have provided our services to you. Our initial fee will be calculated on
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the day your investment assets are received by your custodian/broker-dealer. The
amount of the fee will be calculated based on the number of days remaining in that
quarter.
Should either one of us terminate the advisory agreement we have entered into before
the end of a billing period, any unearned fees that were deducted from your account
will be returned to you by us.
The amount refunded to you is calculated by dividing the most recent advisory fee you
paid by the total number of days in the quarter. This daily fee is then multiplied by the
number of calendar days in the quarter that our agreement was in effect. This amount,
which equals the amount we earned for the partial quarter, is subtracted from the total
fee you paid in advance to determine your refund.
We require that you authorize us in writing to direct your custodian/broker-dealer pay
our investment advisory fees directly to us by charging your account. This authorization
is set forth in the investment advisory agreement you will execute to retain our services.
Your custodian/broker-dealer will provide you with statements that show the amount
of the advisory fees paid directly to us. Your custodian/broker-dealer does not verify
the accuracy of our fee calculations. Please review your statement carefully.
Wrap Fee Program Fees
All fees are negotiable at our sole discretion. Our fees may be charged based on a tiered
schedule or a floating flat schedule. In a tiered schedule, a different rate is applied to
different portions of your assets, based on established breakpoints. If a floating flat
schedule is applied, a single rate is applied to all assets, based on the total account assets.
Please see the examples following each schedule.
Tiered Schedule. Our maximum annual fees for the direct management of your account
under a Tiered Schedule are as follows:
Assets Under Management Maximum Annual Fee*
First $500,000 2.60%
Next $1,500,000 (up to $2,000,000) 2.10%
Next $3,000,000 (up to $5,000,000) 1.85%
Assets Over $5 million 1.65%
*All fees are negotiable and defined in your Investment Advisory Agreement.
Example Tiered Fee Calculation based on $2,015,000 assets:
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Annual Fee = ($500,000 x 2.60%) + ($1,500,000 x 2.10%) + (15,000 x 1.85%)
Floating Flat Rate Schedule. Our maximum fees for the direct management of your
account under a Floating Flat Rate Schedule are as follows:
Assets Under Management Maximum Annual Fee*
0 - $500,000 2.60%
$500,001 - $2,000,000 2.10%
$2,000,0001 to $5,000,000 1.85%
Over $5 million 1.65%
*All fees are negotiable and defined in your Investment Advisory Agreement.
Example Floating Flat Fee Calculation based on $2,015,000 assets:
Annual Fee = $2,000,015 x 1.85%
No transaction fees (“ticket charges”) are assessed for trades in the Program Account,
except for nominal transaction charges that are not controlled by ASN or the
custodian/broker-dealer, such as those that may be imposed by the SEC.
This wrap fee program may cost you more or less than purchasing these services
separately, depending on the amount of trading activity in your account, the value of
services that are provided to you under this program, and other factors. Therefore,
IARs may have a financial incentive to recommend the wrap fee program over other
programs or services. Generally, wrap programs may result in higher overall costs to
you in accounts that experience little trading activity. Our fees may be higher or lower
than the fees charged by other advisers for similar services.
For the services provided, the IAR managing your account will receive a portion of the
Program fee you pay to us. The amount of this compensation may be more or less
than the amount the IAR would receive if you participated in other ASN programs or
paid separately for the Program services.
General Fee Information
In addition to our fee, certain additional charges may be assessed. These fees are not
assessed by or paid to ASN, and may include:
internal fees and expenses charged by mutual funds or ETFs;
fees for trades executed away from custodian;
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maintenance and termination fees for IRAs, certain retirement and qualified
accounts; and
other fees and taxes on brokerage accounts and securities transactions.
Mutual fund companies, ETFs, and variable annuity issuers charge internal fees and
expenses for their products. These fees and expenses are in addition to any advisory
fees charged by us. Complete details of these internal fees and expenses are explained
in the prospectuses for each investment. You are strongly encouraged to read these
documents before making or authorizing any investments. Your IAR will be available
to answer any questions you have about fees and expenses.
Other Compensation
Our IARs may be registered representatives of broker-dealers that are unaffiliated with
us. We do not, however, permit our IARs to manage client investment accounts
through the broker-dealers with which they may be associated.
Our IARs may also be licensed to sell insurance products through various insurance
companies that are unaffiliated with us. As such, they may receive commissions from
any insurance products you purchase through them.
Our IARs may also be registered with a commodities and futures Introducing Broker
that is unaffiliated with us. ASN does not offer advice or manage commodities and
futures products. However, IARs may receive compensation if you purchase such
products through them in that capacity.
The above described arrangements may present a conflict of interest because they could
create an incentive for your IAR to make recommendations based upon the amount of
compensation we could receive rather than based upon your particular needs. We are
nonetheless committed to acting in your best interests at all times.
Upon your request, your IAR will explain to you the specific costs associated with any
investments recommended to you.
You are under no obligation to purchase investment or insurance products or to
implement any financial plan recommendations through your IAR. You may purchase
those products and implement financial plan recommendations through the investment
or insurance professional of your choice.
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