Our firm is dedicated to providing individuals and other types of clients with a wide array of
investment advisory services. Our firm is a limited liability company formed under the laws of the
State of Colorado and is owned by Gregory Wambolt, Cindy Alvarez, and Andrew Jenkins. Wambolt
& Associates, LLC began doing business under Northwestern Mutual beginning 1986. Starting 2010,
we became independent as a registered investment adviser.
The purpose of this Brochure is to disclose the conflicts of interest associated with the investment
transactions, compensation and any other matters related to investment decisions made by our firm
or its representatives. As a fiduciary, it is our duty to always act in the client’s best interest. This is
accomplished in part by knowing our client. Our firm has established a service-oriented advisory
practice with open lines of communication for many different types of clients to help meet their
financial goals while remaining sensitive to risk tolerance and time horizons. Working with clients to
understand their investment objectives while educating them about our process, facilitates the kind
of working relationship we value.
Types of Advisory Services Offered
Asset Management:
As part of our Asset Management service, clients will be provided asset management and financial
planning or consulting services.
This service is designed to assist clients in meeting their financial goals through the use of a financial
plan or consultation. Our firm conducts client meetings to understand their current financial
situation, existing resources, financial goals, and tolerance for risk. Upon client request, our firm
provides a summary of observations and recommendations for the planning or consulting aspects of
this service. Based on what is learned during the meetings, an investment approach is presented to
the client consisting of individual stocks or bonds, exchange traded funds (“ETFs”), options and other
public and private securities or investments. Once the appropriate portfolio has been determined,
portfolios are continuously and regularly monitored, and if necessary, rebalanced based upon the
client’s individual needs, stated goals and objectives. Each client has the opportunity to place
reasonable restrictions on the types of investments to be held in the portfolio.
Our firm may utilize the services of third-party money managers for portfolio diversification in domestic
and international equities through separately managed accounts. Investment advice and trading of
securities in these accounts will only be offered by or through the chosen third-party money manager
and will be governed under a separate agreement between the client and money manager. Our firm will
not offer advice on any specific securities or other investments in connection with this service. Prior to
referring clients, our firm will provide initial due diligence on third-party money managers and ongoing
reviews of their management of client accounts. In order to assist in the selection of a third-party money
manager, our firm will gather client information pertaining to financial situation, investment objectives,
and reasonable restrictions to be imposed upon the management of the account.
Our firm will periodically review third-party money manager reports provided to the client at least
annually. Our firm will contact clients from time to time in order to review their financial situation
and objectives; communicate information to third-party money managers as warranted; and, assist
ADV Part 2A – Firm Brochure Page 5 Wambolt & Associates, LLC
the client in understanding and evaluating the services provided by the third-party money manager.
Clients will be expected to notify our firm of any changes in their financial situation, investment
objectives, or account restrictions that could affect their financial standing.
Comprehensive Wealth Management:
As part of our Comprehensive Wealth Management service, clients will be provided asset
management, financial planning or consulting, and ongoing collaborative tax planning services.
This service is designed to assist clients in meeting their financial goals through the use of a financial
plan or consultation while proactively looking at tax liability within the context of the investment
strategy in conjunction with a CPA. Accounting professionals are available throughout the year to
advise on tax planning strategies and for consultations regarding possible tax consequences of
personal investment decisions. Collaborative tax planning does not include the preparation and filing
of annual income tax returns, but clients may independently engage the CPA for these services under
a separate agreement. Our firm conducts client meetings to understand their current financial
situation, existing resources, financial goals, and tolerance for risk. Upon client request, our firm
provides a summary of observations and recommendations for the planning or consulting aspects of
this service. Based on what is learned during the meetings, an investment approach is presented to
the client consisting of individual stocks or bonds, exchange traded funds (“ETFs”), options and other
public and private securities or investments. Once the appropriate portfolio has been determined,
portfolios are continuously and regularly monitored, and if necessary, rebalanced based upon the
client’s individual needs, stated goals and objectives. Each client has the opportunity to place
reasonable restrictions on the types of investments to be held in the portfolio.
Our firm may utilize the services of third-party money managers for portfolio diversification in domestic
and international equities through separately
managed accounts. Investment advice and trading of
securities in these accounts will only be offered by or through the chosen third-party money manager
and will be governed under a separate agreement between the client and money manager. Our firm will
not offer advice on any specific securities or other investments in connection with this service. Prior to
referring clients, our firm will provide initial due diligence on third-party money managers and ongoing
reviews of their management of client accounts. In order to assist in the selection of a third-party money
manager, our firm will gather client information pertaining to financial situation, investment objectives,
and reasonable restrictions to be imposed upon the management of the account.
Our firm will periodically review third-party money manager reports provided to the client at least
annually. Our firm will contact clients from time to time in order to review their financial situation
and objectives; communicate information to third-party money managers as warranted; and, assist
the client in understanding and evaluating the services provided by the third-party money manager.
Clients will be expected to notify our firm of any changes in their financial situation, investment
objectives, or account restrictions that could affect their financial standing.
Financial Planning & Consulting:
Our firm provides a variety of standalone financial planning and consulting services to individuals,
families and other clients regarding the management of their financial resources based upon an
analysis of client’s current situation, goals, and objectives. Generally, such financial planning services
will involve preparing a financial plan or rendering a financial consultation for clients based on the
client’s financial goals and objectives.
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Planning or consulting may encompass one or more of the following areas: Investment Planning,
Retirement Planning, Estate Planning, Charitable Planning, Education Planning, Insurance Analysis,
Business and Personal Financial Planning. Our written financial plans or financial consultations
rendered to clients usually include general recommendations for a course of activity or specific
actions to be taken by the clients. For example, recommendations may be made that the clients begin
or revise investment programs, create or revise wills or trusts, obtain or revise insurance coverage,
commence or alter retirement savings, or establish education or charitable giving programs. It
should also be noted that our firm may refer clients to an accountant, attorney or other specialist, as
necessary for non-advisory related services. Plans or consultations are typically completed within
six (6) months of the client signing a contract with our firm, assuming that all the information and
documents our firm requests from the client are provided to us promptly. Implementation of the
recommendations will be at the discretion of the client.
Employer-Sponsored ERISA Plan Consulting:
Our firm provides consulting services to employer plan sponsors on a one-time or ongoing basis.
Generally, such consulting services consist of assisting employer plan sponsors in establishing,
monitoring and reviewing their company's participant-directed retirement plan. As the needs of the
plan sponsor dictate, areas of advising could include:
• Investment Options – Our firm will work with the Plan Sponsor to evaluate existing
investment options and make recommendations for appropriate changes.
• Asset Allocation and Portfolio Construction – Our firm will develop strategic asset allocation
models to aid Participants in developing strategies to meet their investment objectives, time
horizon, financial situation and tolerance for risk.
• Participant Education – Our firm will provide opportunities to educate plan participants
about their retirement plan offerings, different investment options, and general guidance on
allocation strategies.
All consulting services shall be in compliance with the applicable state law(s) regulating consulting
services. This applies to client accounts that are pension or other employee benefit plans (“Plan”)
governed by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). If the
client accounts are part of a Plan, and we accept appointments to provide our services to such
accounts, we acknowledge that we are a fiduciary within the meaning of Section 3(21) of ERISA (but
only with respect to the provision of services described in the Employer-Sponsored ERISA Plan
Consulting Agreement).
Tailoring of Advisory Services
Our firm offers individualized investment advice to our Asset Management and Comprehensive
Wealth Management clients. General investment advice will be offered to our Financial Planning &
Consulting, Employer-Sponsored ERISA Plan Consulting, and Referrals to Third-Party Money
Management clients.
Each client has the opportunity to place reasonable restrictions on the management of their account and
the types of investments to be held in the portfolio including instructions not to purchase certain mutual
funds, stocks, or other securities. Restrictions on investments in certain securities or types of securities
may not be possible due to the level of difficulty this would entail in managing the account.
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Participation in Wrap Fee Programs
Our firm does not offer or sponsor a wrap fee program.
Regulatory Assets Under Management
Our firm manages $548,150,508 on a discretionary basis and $16,550,449 on a non-discretionary
basis as of December 31, 2023.