Wealthjar Investment Advisory, LLC (“Wealthjar”) is wholly-owned by The Rice Partnership, LLC, a SEC-registered investment adviser that provides advisory services. We provide portfolio management services through Institutional Intelligent Portfolios (“IIP”), an automated, online investment management platform for use by advisers and sponsored by Schwab Wealth Investment Advisory, Inc. (the “Program”). Brokerage and investment advisory services and fees differ and it is important for you to understand the differences. This document is a summary of the types of services we provide and how you pay for these services. For additional information and tools to research firms and financial professionals visit Investor.gov/CRS. You can also find educational materials about broker-dealers, investments advisers and investing at this site.
What investment services and advice can you provide me?
We offer investment management services to retail investors which includes: investment planning and ongoing portfolio monitoring. We provide investment services in accordance with the investment objectives of each of our clients. Your portfolio is customized based on your investment objectives.
|Monitoring||Accounts with Wealthjar are reviewed by Orest V. Saikevych and Ashley Wilken. Accounts are reviewed no less than quarterly. More frequent reviews are triggered by changes in investment objectives, tax considerations, large deposits or withdrawals, large sales or purchases, or changes in economic climate.|
|Investment Authority||Wealthjar typically manages your account on a discretionary basis. This means that we have the authority to execute transactions without the client’s approval, while keeping the client’s investment objectives in mind.|
|Investment Offerings||Our investment management solutions offered through IIP are made up of strategies comprised exclusively of exchange-traded funds (ETFs), including large cap equity exposure, gold ETFs, and fixed income investments. Wealthjar also offers an Environmental, Social and Governance (“ESG”) strategy option which allows for investments in ETFs comprised of companies and sectors that meet certain criteria. Wealthjar also provides financial planning and estate planning services.|
|Requirements||The minimum investment required to open an account in the program is $5,000.|
For additional information, see Items 4 and 8 of our ADV Part 2A (Brochure) which can be accessed here.
Key questions to ask:
- 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?
What fees will I pay?
Wealthjar charges an asset-based fee in addition to an annual fixed fee of $50. Financial planning fees vary based on scope and complexity of services provided, though project fees may be as high as $2,500 along with $50 per month fees for ongoing planning services. In addition, we provide an annual financial plan or annual financial plan update for $600. Estate planning project costs range from $1,200 – 2,500 depending on the scope and complexity of the estate planning services provided. 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. All ETF expenses and similar charges will be paid out of the assets in the account, and are in addition to the investment management fees paid to us. For additional information, please see Item 5 of our Form ADV Part 2A here.
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? 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 Wealthjar acts as your investment adviser, we must act in your best interest and not put our interests ahead of yours. Certain arrangements create conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Below is an example to help you understand what this means. Wealthjar receives benefits, such as software, tools, training programs or seminar services from Charles Schwab & Co. (“Schwab”). Receipt of these benefits can create a conflict of interest by influencing our choice of custodian. Thus, Wealthjar has an incentive to recommend client accounts be held in custody at Schwab. A detailed list of these programs is described in Item 12 of our Form ADV Part 2A here.
How might your conflicts of interest affect me and how will you address them?
How do your financial professionals make money?
Wealthjar employees are compensated through management fees paid by advisory clients.
Do you or your financial professionals have legal or disciplinary history?
No. A free and simple search tool to research us and our financial professionals is available at investor.gov/CRS.
As a financial professional, do you have any disciplinary history? If so, for what type of conduct?
Additional information about our investment advisory services and an up-to-date copy of the relationship summary is available by contacting us at (808) 585-7788 or Bonnie Rice, the Chief Compliance Officer at firstname.lastname@example.org.
Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?