Quaker Wealth Management, LLC (“QWM”) has been in business since January 2006. Peter News
and John Heisler are the firm’s principal owners. John Heisler is the CCO.
QWM provides personalized asset management and financial planning. We strive to build long term
relationships and create an exceptional experience that provides clients with individualized attention
and a wealth management plan tailored to their needs. Our belief is that making clients feel like they
are part of the QWM family fosters a strong working relationship, with an added personal touch. Our
firm is built upon three bedrock principles: Performance, Integrity, and Independence. We prioritize the
client’s interest in every decision we make.
Asset Management
When a client has at least $250,000 (subject to our discretion to waive this minimum) we may invest
their assets in a manner consistent with their investment objectives. The client experience begins with a
thorough orientation process and continues as we learn more about you and your family over the
years.
QWM uses a collaborative approach to help clients build, maintain and transition wealth through
investment strategies based on individual needs. Our asset management process is both disciplined
and active. Our process includes managing assets on a discretionary basis. This means we make
decisions and implement them without specific consultation with each client for each change. This
does not mean communication is limited. Building client relationships is at the centre of QWM’s
approach, and our regular communications are designed to keep you connected and educated. In order
for us to provide asset management services in accordance with your financial goals, consistent,
meaningful, and frequent communication with you is required. This includes access to staff for
requests and inquiries, regular meetings to review your portfolio, and other ongoing communication
including update calls, emails, newsletters, and communicating on an as needed basis with the client’s
other professionals, such as attorneys and accountants.
Clients may place reasonable restrictions such as the types of investments we may use, or on the
allocations to each security type. All client assets will be maintained with an independent, unaffiliated
custodian. You will receive written or electronic confirmations directly from your account custodian
after any changes are made to your account. You will also receive statements at least quarterly directly
from your account custodian. Clients engaging us on a discretionary basis will be asked to execute a
Limited Power of Attorney (granting us the discretionary authority over the client accounts) as well as
an Investment Advisory Agreement that outlines the responsibilities of both the client and QWM.
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Financial Planning
Most QWM clients are provided with both financial planning and asset management services, so that
the investment decisions made in the asset management process can closely track the goals of the
client’s financial plan. However, for clients wishing to have planning services without asset
management, a separate engagement may be arranged.
If you request, QWM
may recommend the services of other professionals for implementation
purposes. You are under no obligation to engage the services of any such recommended professional.
You retain absolute discretion over all such implementation decisions and are free to accept or reject
any recommendation from QWM. If you engage any professional recommended by QWM, and a
dispute arises thereafter relative to such engagement, you agree to seek recourse exclusively from and
against the engaged professional.
Retirement Plan Consulting Services
The fiduciaries of self-directed retirement plans (which can include 401(k) plans) are required to,
among other things, determine a selection of investments from which the plan’s participants choose for
their personal allocation in their individual participant account. QWM may provide assistance to plan
sponsors in meeting this obligation through a consultative relationship including the selection of the plan
investment options in accordance with the plan’s objectives, as well as the ongoing monitoring
of those options to assist the plan sponsor in determining when changes to these options are needed.
This advice is rendered on a non-discretionary basis, meaning the plan sponsor is free to accept or reject
QWM’s recommendations. In addition, if requested by the plan sponsor, QWM may assist with the
review of plan service providers.
Family CFO
QWM takes a proactive approach to wealth management, which is why we’ve created our Family CFO
Service. With Family CFO, we collaborate with your tax and estate professionals to simplify your financial
life, providing peace of mind. Family CFO is investment-focused offering Personalized Indexing (for Tax
Efficiency), Options-Based Strategies, Access to Structured Note Marketplace, Performance and Reporting
Aggregation of Outside Accounts, Annual Health Insurance Analysis, and an Annual Charitable Gifting
Gameplan. Family CFO requires at least $5 million of investable assets (subject to our discretion to waive this
minimum).
Pontera
QWM uses a third-party platform to facilitate management of held away assets such as defined contribution
plan participant accounts, with discretion. The platform allows QWM to avoid being considered to have
custody of Client funds since QWM does not have direct access to Client log-in credentials to affect trades.
QWM is not affiliated with the platform in any way and receive no compensation from them for using their
platform. A link will be provided to the Client allowing them to connect an account(s) to the platform. Once
Client account(s) is connected to the platform, QWM will review the current account allocations. When
deemed necessary, QWM will rebalance the account considering client investment goals and risk tolerance,
and any change in allocations will consider current economic and market trends. The goal is to improve
account performance over time, minimize loss during difficult markets, and manage internal fees that harm
account performance. Client account(s) will be reviewed at least quarterly, and allocation changes will be
made as deemed necessary.
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Assets Under Management
As of December 31, 2023, QWM has $326,300,000 assets under management, $324,000,000 in discretionary
and $2,300,000 in non-discretionary.