Our firm is dedicated to providing individuals and other types of clients with a wide array of
investment advisory services. Our firm is a Public Benefit Corporation formed under the laws of the
State of Minnesota in 2000 and has been in business as an investment adviser since 2016. Our firm
is majority owned by Richard (“RJ”) Devick. Andy Feterl, Kristine Bisanz, and Robert Caverly are
additional owners.
Our firm provides asset management and investment consulting services for many different types of
clients to help meet their financial goals while remaining sensitive to risk tolerance and time
horizons. As a fiduciary it is our duty to always act in the client’s best interest. This is accomplished
in part by knowing the client. Our firm has established a service-oriented advisory practice with open
lines of communication. Working with clients to understand their investment objectives while
educating them about our process, facilitates the kind of working relationship we value.
B Corp certification is to business what Fair Trade certification is to coffee or USDA Organic
certification is to milk. Today, more than 6,000 B Corps across 80 countries and over 150 industries
are unified by one common goal: to transform the global economy to benefit all people, communities,
and the planet. Our firm became a Certified B Corporation in 2015 by meeting rigorous standards of
social and environmental performance, accountability, and transparency.
Our firm was the seventh Certified B Corp in Minnesota and the first financial planning firm in our
state. Since our founding we have been committed to helping the people we work with, and assisting
to improve our communities. It made sense for our firm to solidify what we have been doing for years
by becoming a Certified B Corp. We are proud of this certification and are happy to answer any
questions you may have as to why we chose to get certified, what it means for you or how you can
get involved.
Types of Advisory Services Offered
Comprehensive Portfolio Management:
As part of our Comprehensive Portfolio Management service clients will be provided asset
management and financial planning or consulting services. This service is designed to assist clients
in meeting their financial goals through the use of a financial plan or consultation. Our firm conducts
client meetings to understand their current financial situation, existing resources, financial goals, and
tolerance for risk. Based on what is learned, an investment approach is presented to the client,
consisting of individual stocks, bonds, ETFs, options, mutual funds and other public and private
securities or investments. Once the appropriate portfolio has been determined, portfolios are
continuously and regularly monitored, and if necessary, rebalanced based upon the client’s individual
needs, stated goals and objectives. Financial planning and consultation updates are included in our
Comprehensive Portfolio Management service. Generally, such financial planning and consulting
services will involve updating 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 which may include Environmental, Social and
Governance (ESG) Strategies, 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
ADV Part 2A – Firm Brochure Page 5 Bond & Devick Wealth Partners
and Personal Financial Planning.” Upon client request, our firm provides a summary of observations
and recommendations for the planning or consulting aspects of this service.
In certain cases, our firm may use the sub-advisory services of a third party investment advisory firm
or individual advisor to aid in the implementation of an investment portfolio designed by our firm.
Before selecting a firm or individual, our firm will ensure that the chosen party is properly licensed
or registered. Our firm will not offer advice on any specific securities or other investments in connection
with this service. We will provide initial due diligence on third party money managers and
ongoing
reviews of their management of client accounts. In order to assist in the selection of a third party money
manager, our firm will gather client information pertaining to financial situation, investment objectives,
and reasonable restrictions to be imposed upon the management of the account.
Asset Management:
As part of our Asset Management service, a portfolio is created, consisting of individual stocks, bonds,
exchange traded funds (“ETFs”), options, mutual funds and other public and private securities or
investments. The client’s individual investment strategy is tailored to their specific needs and may
include some or all of the previously mentioned securities. Portfolios will be designed to meet a
particular investment goal, determined to be suitable to the client’s circumstances. Once the
appropriate portfolio has been determined, portfolios are continuously and regularly monitored, and
if necessary, rebalanced based upon the client’s individual needs, stated goals and objectives.
Financial Planning & Consulting:
Our firm provides a variety of standalone financial planning and consulting services to clients for the
management of financial resources based upon an analysis of current situation, goals, and objectives.
Financial planning services will typically 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 Investment Planning which may include Environmental, Social and
Governance strategies, Retirement Planning, Estate Planning, Charitable Planning, Education
Planning, Corporate and Personal Tax Planning, Real Estate Analysis, Mortgage/Debt Analysis,
Insurance Analysis, Lines of Credit Evaluation, or Business and Personal Financial Planning.
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.
Implementation of the recommendations will be at the discretion of the client. Our firm provides
clients with a summary of their financial situation, and observations for financial planning
engagements. Financial consultations are typically accompanied by a written summary of
observations and recommendations. Assuming that all the information and documents requested
from the client are provided promptly, plans or consultations are typically completed within six (6)
months of the client signing a contract with our firm.
Tailoring of Advisory Services
As a team, our objective is to help our clients reach their long-term goals. One way in which we add
value to our clients is to create a financial plan based on your unique goals and circumstances. We
perform goals based analysis to help our individual and institutional clients define their investment
goals and objectives. As a result of the planning process, each client’s portfolio is designed to attempt
to achieve a specified rate of return over the long run.
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Our firm offers individualized investment advice to our Comprehensive Portfolio Management, Asset
Management, and Financial Planning & Consulting clients.
Each Comprehensive Portfolio Management and Asset Management 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.
Participation in Wrap Fee Programs
Our firm offers a wrap fee program as further described in Part 2A, Appendix 1 (the “Wrap Fee
Program Brochure”) which is only available to legacy and Non-Profit clients. Our firm does not
manage wrap fee accounts in a different fashion than non-wrap fee accounts. All accounts are
managed on an individualized basis according to the client’s investment objectives, financial goals,
risk tolerance, etc.
Regulatory Assets Under Management
Our firm manages $498,260,382 on a discretionary basis and $1,958,997 on a non-discretionary
basis as of December 31, 2022.
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