ClearBridge Wealth Management, Inc. specializes in the following types of services:
Comprehensive Portfolio Management, Financial Planning & Consulting as well as Pension
Consulting. The firm is dedicated to providing individuals and other types of clients with a wide
array of investment advisory services.
• Incorporated in the State of Georgia.
• In business as an investment adviser since 2013.
• Wholly owned by Mr. J. Preston Byers.
Comprehensive Portfolio Management
Our Comprehensive Portfolio Management service encompasses asset management as well as
providing financial planning/financial consulting to clients. It is designed to assist clients in
meeting their financial goals through the use of financial investments. ClearBridge Wealth
Management, Inc. conduct at least one, but sometimes more than one meeting (in person if
possible, otherwise via telephone conference) with clients in order to understand their current
financial situation, existing resources, financial goals, and tolerance for risk. Based on what we
learn, we propose an investment approach to the client. ClearBridge Wealth Management, Inc.
may propose an investment portfolio, consisting of exchange traded funds (“ETFs”), mutual
funds, individual stocks or bonds, or other securities. Upon the client’s agreement to the
proposed investment plan, we work with the client to establish or transfer investment accounts so
that we can manage the client’s portfolio. Once the relevant accounts are under our management,
we review such accounts on a regular basis and at least quarterly. ClearBridge Wealth
Management, Inc. will periodically rebalance or adjust client accounts under our management. If
the client experiences any significant changes to his/her financial or personal circumstances, the
client must notify us so that we can consider such information in managing the client’s
investments.
Each client has the opportunity to place reasonable restrictions on the types of investments to be held
in the portfolio. 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. Restrictions would
be limited to our Comprehensive Portfolio Management service.
Strategic Wealth Management (SWM)
Strategic Wealth Management (SWM) is a comprehensive, open-architecture, fee-based
investment platform created by LPL Financial (LPL) to allow independent investment
advisers such as ClearBridge Wealth Management, Inc. to offer clients customized advice
and service. The platform provides a foundation to develop long-term financial goals and
provide potential solutions. With this platform, multiple investments can be in a single
account with one consolidated statement.
ClearBridge Wealth Management, Inc. offers SWWM II as a wrap fee program where
ClearBridge Wealth Management, Inc. acts as the sponsor and portfolio manager. A
wrap fee program includes the transaction fees and investment advisory fees as a single
fee. Please see Appendix 1 –Wrap Fee Program Brochure, which is included as a
supplement to this Disclosure Brochure for additional details.
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LPL Sponsored Wrap Fee Programs
ClearBridge Wealth Management, Inc. also offers a wrap fee program where LPL serves
as the sponsor and portfolio manager. While LPL serves as the wrap fee sponsor and
portfolio manager, ClearBridge Wealth Management, Inc. manages the allocation funds
between the different portfolios and available fund selections.
Manager Access Select (MAS)
Manager Access Select provides clients access to the investment advisory services
of professional portfolio management firms for the individual management of
client accounts. ClearBridge Wealth Management, Inc. will assist client in
identifying a third-party portfolio manager (Portfolio
Manager) from a list of
Portfolio Managers made available by LPL Financial. The Portfolio Manager
manages client’s assets on a discretionary basis. ClearBridge Wealth
Management, Inc. will provide initial and ongoing assistance regarding the
Portfolio Manager selection process. A minimum account value of $100,000 is
required for Manager Access Select, however, in certain instances, the minimum
account size may be lower or higher.
Financial Planning & Consulting
ClearBridge Wealth Management, Inc. provide a variety of financial planning and consulting
services to individuals, families and other clients regarding the management of their financial
resources based upon an analysis of the 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. This
planning or consulting may encompass one or more of the following areas:
Investment Planning
Retirement Planning
Estate Planning
Charitable Planning
Education Planning
Corporate and Personal Tax Planning
Cost Segregation Study
Corporate Structure
Real Estate Analysis
Mortgage/Debt Analysis
Insurance Analysis
Lines of Credit Evaluation
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 we
refer clients to an accountant, attorney or other specialist, as necessary for non-advisory related
services. For written financial planning engagements, we provide our clients with a written
summary of their financial situation, observations, and recommendations. For financial
consulting engagements, we usually do not provide our clients with a written summary of our
observations and recommendations as the process is less formal than our planning service. Plans
or consultations are typically completed within six (6) months of the client signing a contract
with us, assuming that all the information and documents we request from the client are provided
ADV Part 2A with Appendix 1 Page 6 ClearBridge Wealth Management
to us promptly. Implementation of the recommendations will be at the discretion of the client.
Pension Consulting
ClearBridge Wealth Management, Inc. provide pension consulting services to employer plan
sponsors on a one-time or ongoing basis. Generally, such pension 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, plan structure and participant education.
All pension consulting services shall be in compliance with the applicable state law(s) regulating
pension 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 section 1 of the Pension Consulting Agreement).
Regulatory Assets Under Management
As of December 31, 2022, the firm had approximately:
Assets Under Management
Discretionary $275,233,000
Non-Discretionary $0.00