Item 5 - Additional Compensation .............................................................................................................................. 5
Item 6 - Supervision........................................................................................................................................................... 5
Brochure Supplement (Part 2B of Form ADV) ...................................................................... 7
Principal Executive Officer – Leonard Leetzow, Jr. .............................................................................................. 7
Item 2 - Educational Background and Business Experience ........................................................................... 7
Item 3 - Disciplinary Information ................................................................................................................................ 7
Item 5 - Additional Compensation .............................................................................................................................. 8
Item 6 - Supervision........................................................................................................................................................... 8
Firm Description
Wealth Planning and Design LLC (“Wealth Planning and Design”) was founded in April
2015 and became registered to offer advisory services in November 2015. Leetzow Group
LLC is 100% owner. Leetzow Group LLC is co-owned by Joni Rametta and Leonard
Leetzow, Jr.
Types of Advisory Services
ASSET MANAGEMENT
Wealth Planning and Design offers discretionary asset management services to advisory
Clients. Wealth Planning and Design will offer Clients ongoing asset management services
through determining individual investment goals, time horizons, objectives, and risk
tolerance. Investment strategies, investment selection, asset allocation, portfolio
monitoring and the overall investment program will be based on the above factors. The
Client will authorize Wealth Planning and Design discretionary authority to execute
selected investment program transactions as stated within the Investment Advisory
Agreement.
When deemed appropriate for the Client, Wealth Planning and Design may hire Sub-
Advisors to manage all or a portion of the assets in the Client account. Wealth Planning and
Design has full discretion to hire and fire Sub-Advisors as they deem suitable. Sub-Advisors
will maintain the models or investment strategies agreed upon between Sub-Advisor and
Wealth Planning and Design. Sub-Advisors execute trades on behalf of Wealth Planning and
Design in Client accounts. Wealth Planning and Design will be responsible for the overall
direct relationship with the Client. Wealth Planning and Design retains the authority to
terminate the Sub-Advisor relationship at Wealth Planning and Design’s discretion.
ERISA PLAN SERVICES
Wealth Planning and Design provides service to qualified retirement plans including
401(k) plans, 403(b) plans, pension and profit-sharing plans, cash balance plans, and
deferred compensation plans. Wealth Planning and Design may act as a 3(21) advisor:
Limited Scope ERISA 3(21) Fiduciary. Wealth Planning and Design may 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. As an investment advisor Wealth Planning and Design has 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 Wealth Planning and Design can help the plan sponsor
delegate liability by following a diligent process.
1. Fiduciary Services are:
• Provide non-discretionary investment advice to the Client about asset classes and
investment alternatives available for the Plan in accordance with the Plan’s
investment policies and objectives. Client will make the final decision regarding the
initial selection, retention, removal and addition of investment options. Wealth
Planning and Design acknowledges that it is a fiduciary as defined in ERISA section 3
(21) (A) (ii).
• Assist the Client in the development of an investment policy statement (“IPS”). The
IPS establishes the investment policies and objectives for the Plan. Client shall have
the ultimate responsibility and authority to establish such policies and objectives
and to adopt and amend the IPS.
• Provide non-discretionary investment advice to the Plan Sponsor with respect to
the selection of a qualified default investment alternative for participants who are
automatically enrolled in the Plan or who have otherwise failed to make investment
elections. The Client retains the sole responsibility to provide all notices to the Plan
participants required under ERISA Section 404(c) (5) and 404(a)-5.
• Assist in monitoring investment options by preparing periodic investment reports
that document investment performance, consistency of fund management and
conformance to the guidelines set forth in the IPS and make recommendations to
maintain, remove
or replace investment options.
• Meet with Client on a periodic basis to discuss the reports and the investment
recommendations.
2. Non-fiduciary Services are:
• Assist in the education of Plan participants about general investment information
and the investment alternatives available to them under the Plan. Client
understands Wealth Planning and Design’s assistance in education of the Plan
participants shall be consistent with and within the scope of the Department of
Labor’s definition of investment education (Department of Labor Interpretive
Bulletin 96-1). As such, Wealth Planning and Design is not providing fiduciary
advice as defined by ERISA 3(21)(A)(ii) to the Plan participants. Wealth Planning
and Design will not provide investment advice concerning the prudence of any
investment option or combination of investment options for a particular participant
or beneficiary under the Plan.
• Assist in the group enrollment meetings designed to increase retirement plan
participation among the employees and investment and financial understanding by
the employees.
Wealth Planning and Design may provide these services or, alternatively, may arrange for
the Plan’s other providers to offer these services, as agreed upon between Wealth Planning
and Design and Client.
3. Wealth Planning and Design has no responsibility to provide services related to the
following types of assets (“Excluded Assets”):
• Employer securities;
• Real estate (except for real estate funds or publicly traded REITs);
• Stock brokerage accounts or mutual fund windows;
• Participant loans;
• Non-publicly traded partnership interests;
• Other non-publicly traded securities or property (other than collective trusts and
similar vehicles); or
• Other hard-to-value or illiquid securities or property.
Excluded Assets will not be included in calculation of Fees paid to Wealth Planning and
Design on the ERISA Agreement. Specific services will be outlined in detail to each plan in
the 408(b)2 disclosure.
FINANCIAL PLANNING AND CONSULTING
If financial planning services are applicable, a comprehensive evaluation of an investor's
current and future financial state will be provided by using currently known variables to
predict future cash flows, asset values and withdrawal plans. Wealth Planning and Design
will use current net worth, tax liabilities, asset allocation, and future retirement and estate
plans in developing financial plans.
Typical topics reviewed in a financial plan may include but are not limited to:
• Financial goals: Based on an individual's or a family's clearly defined financial
goals, including funding a college education for the children, buying a larger home,
starting a business, retiring on time or leaving a legacy. Financial goals should be
quantified and set to milestones for tracking.
• Personal net worth statement: A snapshot of assets and liabilities serves as a
benchmark for measuring progress towards financial goals.
• Cash flow analysis: An income and spending plan determines how much can be set
aside for debt repayment, savings and investing each month.
• Retirement strategy: A strategy for achieving retirement independent of other
financial priorities. Including a strategy for accumulating the required retirement
capital and its planned lifetime distribution.
• Comprehensiv
e risk management plan: Identify all risk exposures and provide
the necessary coverage to protect the family and its assets against financial loss. The
risk management plan includes a full review of life and disability insurance,
personal liability coverage, property and casualty coverage, and catastrophic
coverage.
• Long-term investment plan: Include a customized asset allocation strategy based
on specific investment objectives and a risk profile. This investment plan sets
guidelines for selecting, buying and selling investments and establishing
benchmarks for performance review.
• Tax reduction strategy: Identify ways to minimize taxes on personal income to the
extent permissible by the tax code. The strategy should include identification of tax-
favored investment vehicles that can reduce taxation of investment income.
• Estate preservation: Help update accounts, review beneficiaries for retirement
accounts and life insurance, provide a second look at your current estate planning
documents, and prompt you to update your plan when the legal environment
changes or you have major life events such as a marriage, death, or births.
If a conflict of interest exists between the interests of Wealth Planning and Design and the
interests of the Client, the Client is under no obligation to act upon Wealth Planning and
Design’s recommendation. If the Client elects to act on any of the recommendations, the
Client is under no obligation to effect the transaction through Wealth Planning and Design.
Financial plans will be completed and delivered inside of ninety (90) days contingent upon
timely delivery of all required documentation.
Client Tailored Services and Client Imposed Restrictions
The goals and objectives for each Client are documented in our Client files. Investment
strategies are created that reflect the stated goals and objectives. Clients may impose
restrictions on investing in certain securities or types of securities.
Agreements may not be assigned without written Client consent.
Wrap Fee Programs
Wealth Planning and Design does not sponsor any wrap fee programs.
Client Assets under Management
Wealth Planning and Design has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$0 $0 December 31, 2023