Products and Services
How We Work
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.
We provide assistance in the following areas:
- Common Stock
- UITs (Unit Invesment Trusts)
- ETFs (Electronic Traded Funds)
- REITs (Real Estate Investment Trusts)
- Treasury Bills
- Government Securities
- Treasury Notes
- Variable Annuity
- Retirement Plans
- IRAs (Individual Retirement Account)
- Tax Plans
- 401(k) Planning
- 403(b) Planning
- College Plans
- Estate Plans
- Money Purchasing Plans
- Profit Sharing Plans
Client Relationship Summary- Form CRS
Is An Investment Advisory Account Right For You?
There are different ways you can get help with your investments. You should carefully consider which types of accounts and services are right for you.
Item 1. Introduction
Spelts Wealth Management, Inc. is an investment advisor and provides advisory services for a fee rather than for brokerage commissions. As a retail investor, it is important to understand the differences between services and fees of an investment advisor and a broker-dealer. Investor.gov/CRS offers free and simple tools to research firms and financial professionals. Additionally, it also provides educational materials about broker-dealers, investment advisors, and investing.
Item 2. Relationships and Services
What investment services and advice can you provide me?
We offer the following investment advisory services to you:
Asset Management: We will offer you advice on a regular basis. We will discuss your investment goals, design with you a strategy to achieve your investment goals, and regularly monitor your account. We will monitor your account on a discretionary basis (we can buy and sell investments in your account without asking you in advance). We do not limit advisors to proprietary products or a limited menu of products and types of investments. This service will continue pursuant to the terms of the executed Advisory Agreement. We have a minimum of $250,000 to open an account.
Portfolio Monitoring: Our Portfolio Monitoring Service provides for safekeeping/housekeeping of assets on behalf of clients with no on-going supervision, trading, or discretion with respect to securities transactions. Clients are responsible for placing and executing their own trades, either on their own or with another investment adviser. We provide non-continuous and periodic outside account monitoring.
ERISA Services: We serve as a limited scope ERISA 3(21) Fiduciary that can advise, help and assist plan sponsors with their investment decisions on a non-discretionary basis. Plans are monitored on an ongoing basis. We have a fiduciary duty to act in the best interest of the Client. The plan sponsor is still ultimately responsible for the decisions made in their plan, though using us can help the plan sponsor delegate liability by following a diligent process.
We also act as an ERISA 3(38) Investment Manager where we offer discretionary management and control of a given retirement plan’s assets. We are solely responsible and liable for the selection, monitoring and replacement of the plan’s investment options on an ongoing basis.
For more information about our services, we recommended reading our ADV Part 2A Items 4, 5,10, and Appendix 1.
“Given my financial situation, should I choose an investment advisory service? Why or why not?”
“How will you choose investments to recommend to me?”
“What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?”
Item 3. Fees, Costs, Conflicts and Standard of Conduct
What fees will I pay?
We are paid for our services as follows:
Asset Management and Portfolio Monitoring: The amount paid to our firm and your financial professional generally does not vary based on the type of investments selected on your behalf. The asset‐based fee reduces the value of your account and will be generally deducted from your account. Some investments (such as mutual funds and variable annuities) impose additional fees that will reduce the value of your investment over time. Also, with certain investments such as variable annuities, you may have to pay fees such as “surrender charges” to sell the investment. Fees are billed quarterly in advance. Our fees vary and are negotiable. Generally, the more assets you have in the advisory account, the more you will pay in total fees. We therefore have an incentive to increase the assets in your account in order to increase our fees. The asset-based fees you will pay for our wrap fee program will include most transactions costs and fees to a broker-dealer or bank that has custody of these assets, and therefore are higher than a typical asset-based advisory fee. You will also pay fees to a broker‐dealer or bank that will hold your assets (called “custody”). You pay our advisory fee even if there were not transactions within the account.
ERISA Services: The amount paid to our firm and your financial professional generally does not vary based on the type of investments selected on your behalf. You will also pay fees to a broker‐dealer or bank that will hold your assets (called “custody”). You pay our advisory fee even if there were not transactions within the account.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. For more information regarding our fees and costs, review ADV Part 2A Item 5.
Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice, we provide you. Here are some examples to help you understand what this means.
Commissions: Our associated persons may receive commissions from the sale of securities and insurance products and services. This conflict is mitigated by our fiduciary duty and adherence to our code of ethics. When referring clients to purchase securities products, the client’s best interest will be the main determining factor.
How might your conflicts of interest affect me, and how will you address them?
For more information about our conflicts of interest, we recommend reading our ADV Part 2A, Items 4 and 10.
How do your financial professionals make money?
Our financial services professionals are compensated on a percentage of assets they manage and by sales commissions.
This is a conflict of interest because our financial professionals have an incentive to encourage you to increase your assets in your accounts, recommend our advisory services to you, For more information about our conflicts of interest, we recommend reading our ADV Part 2A, Items 4 and 10.
Item 4. Disciplinary History
Do you or your financial professionals have legal or disciplinary history?
Yes, please visit Investor.gov/CRS for a free and simple search tool to research Spelts Wealth Management, Inc. and our financial professionals.
As a financial professional, do you have any disciplinary history? For what type of conduct?
Item 5. Additional Information
To find additional information about Spelts Wealth Management, Inc. and to request a copy of the relationship summary, please go to www.speltswm.com or send us an email at firstname.lastname@example.org. If you would like to request up-to-date information as well as to request a copy of the relationship summary, please contact via phone at 530-891-0717.
Who is my primary contact person? Is he or she a representative of an investment advisor or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?