Item 5: Portfolio Manager Selection and Evaluation ...................................................................................... 21
Item 6: Client Information provided to Portfolio Managers ........................................................................... 21
Item 7: Client Contact with Portfolio Managers ............................................................................................ 21
Item 8: Additional Information ...................................................................................................................... 21
4 | P a g e
Redwood Wealth Management Group, LLC (“RWMG”) was formed in 2015. Samuel C. Bridgers, is the firm’s principal.
While the firm was founded in 2015, the firm’s principal and advisors have over forty (40) years of experience in the
finance industry.
RWMG provides personalized financial planning and/or investment management services. Clients advised include
individuals, trusts, foundations, and corporations.
Financial Planning
In most cases, the client will supply to RWMG information including income, income sources, investments, savings,
insurance, tax, assets and liabilities, age and many other items that are helpful to the firm in assessing your financial
goals. The information is typically provided during personal interviews and supplemented with written information.
Once the information is received, we will discuss your financial needs and goals with you and compare your current
financial situation with your stated goals. Once these are compared, we will create a financial and/or investment plan
to help you meet your goals.
The plan is intended to be a suggested blueprint of how to meet your goals. Not every plan will be the same for every
client. Each one is specific to the client who requested it. Because the plan is based on information supplied by you, it
is very important that you accurately and completely communicate to us the information we need. Also, your
circumstances and needs can change as your engagement with us progresses. It is very important that you continually
update us with any changes so that if the updates require changes to your plan, we can make those changes to ensure
your plan is accurate.
Asset Management
RWMG requires each client to place at least $250,000 with the firm. This minimum can be waived at the discretion of
RWMG.
Asset management services are provided on a “discretionary” or on a “non-discretionary” basis. When RWMG is
engaged to provide asset management services on a discretionary basis, we will monitor your accounts to ensure that
they are meeting your asset allocation requirements. If any changes are needed to your investments, we will make the
changes. These changes may involve selling a security or group of investments and buying others or keeping the
proceeds in cash. You will receive written or electronic confirmations from your account custodian after any changes
are made to your account. You will also receive monthly or quarterly statements from your account custodian.
When a client engages us to provide investment management services on a non-discretionary basis, we monitor the
accounts in the same way as for discretionary services. The difference is that changes to your account will not be made
until we have confirmed with you (either verbally or in writing) that our proposed change is acceptable to you.
As of December 31, 2023 RWMG had approximately 928 discretionary accounts, totaling approximately $224,535,592
of regulatory assets under management and 240 non-discretionary accounts, totaling approximately $37,565,221
of regulatory assets under management.
Will & Trust
5 | P a g e
Our firm offers Estate Planning services included as part of our ongoing financial planning services to our clients. This
service consists of education on estate planning topics and benefits of will creation.
Trust & Will is an online third-party software tool service that helps clients in need of simple estate planning legal forms
and related information.
(See related disclosures below) The site can also be used to create (or establish) a customized
will and other estate planning documents. This
product is offered as either an integrated part of our investment advisory
management services to our clients or separately to help clients achieve their financial goals and objectives.
Clients interested in using the service are directed to go to the Trust & Will website
(Estate Planning - Create an Online
Will and Trust | Trust & Will (trustandwill.com)) to create their document. For clients engaging in financial planning
services with our firm, there is no separate fee for estate planning services
(see fees below). Trust & Will, a third-party
digital estate planning service for clients who have the need for estate planning review, creation or updates. Trust & Will
is not appropriate for complex estates. Trust & Will is not a law firm and is not a substitute for legal advice about estates
planning. Trust & Will is not a law firm. Any advice that we give is purely investment advice as we are not a law firm nor
do we hold ourselves out as a provider of legal advice.
Wrap Program
For some clients, RWMG includes certain transactional costs in the client’s management fee. This arrangement is
referred to as “Wrap Program”. RWMG manages a wrap fee program through Schwab Advisor Services ("Schwab"). A
wrap fee program is a type of investment program that provides clients with portfolio management services and/or
custodial and/or brokerage services for a single fee that includes administrative fees, management fees, and transaction
costs. If clients participate in our wrap fee program, clients will pay a single fee, which includes our portfolio
management fees, certain transaction costs, and custodial and administrative costs. We will receive a portion of the
wrap fee for our services. The overall cost clients will incur if they participate in the wrap fee program may be higher or
lower than they might incur by separately purchasing the types of securities and services available in the program. Under
the wrap fee program, transactions for your account are executed by Schwab, a securities broker-dealer and a member
of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
For accounts in the Wrap Program, RWMG will pay a fee to Schwab Advisor Services based on Schwab’s Transaction
Based Pricing IM billing model.
Expenses for the management fees of third-party managers are not included in the Wrap Program, and to the extent
utilized, you will be responsible for such fees. Because RWMG will be managing the assets of wrap fee program clients
the same way as other non-wrap fee program clients, the use of external portfolio managers within the wrap program is
expected to be limited. To the extent a third-party manager is utilized, the fees payable to such managers will not be
included in the wrap program. Therefore, there is no difference between how RWMG manages wrap free accounts and
how RWMG manages other accounts.
RWMG does not engage other portfolio managers to manage assets within the wrap fee program. To the extent a third-
party manager is utilized, the fees payable to such managers will not be included in the wrap program. RWMG is the
sole portfolio manager in the wrap program, which means that RWMG receives a portion of the wrap fee for our services.
Effective October 7, 2019, Schwab eliminated commissions for online trades of U.S. equities, ETFs and options (subject
to $0.65 per contract fee). This means that, in most cases, when we buy and sell these types of securities, we will not
have to pay any commissions to Schwab. We encourage you to review Schwab’s pricing to compare the total costs of
entering into a wrap fee arrangement versus a non-wrap fee arrangement. If you choose to enter into a wrap fee
arrangement, your total cost to invest could exceed the cost of paying for brokerage and advisory services separately.
To see what you would pay for transactions in a non-wrap account please refer to Schwab’s most recent pricing
schedules available atschwab.com/aspricingguide.
Please see the separate Wrap Fee Brochure for a more complete description of the Wrap Program.
6 | P a g e