A. Firm Information Lake Tahoe Wealth Management, Inc. ("Lake Tahoe Wealth Management") provides holistic financial planning and investment management services to individuals, families, businesses, trusts, and retirement plans. Lake Tahoe Wealth Management is a Registered Investment Advisor with the United States Securities and Exchange Commission (SEC). Lake Tahoe Wealth Management is a domestic corporation formed under the laws of the State of Nevada that conducts business in the State of Nevada and other states. Lake Tahoe Wealth Management is owned by Debbie S. Grose and Timothy Sallade. Debbie S. Grose is Chief Executive Officer and Timothy Sallade is the Chief Investment Officer of our firm. B. Advisory Services Offered Wealth Management Advisory Services Lake Tahoe Wealth Management is a wealth management firm that offers integrated financial planning and investment management services. Lake Tahoe Wealth Management has developed a client service model that includes discovery, solution creation, implementation, and monitoring components. Upon entering into an advisory agreement, Lake Tahoe Wealth Management will begin the process with client discovery. Lake Tahoe Wealth Management seeks to learn about a Client's goals and objectives, values and beliefs, family dynamics, risk tolerance, risk perception, risk capacity, and as much additional financial and non-financial information as possible in order to develop a financial plan and portfolio strategy that is tailored to help the client meet their life goals. Wealth Management services include Financial Planning and Investment/Portfolio Management Services.
Financial Planning Services Financial planning is a process, not an event, and that process unfolds over the course of the client relationship. Services may include a review of a Client's net worth (assets and liabilities), objectives, risk tolerance, risk capacity, cash flow and expenses. Numerous analyses may be provided such as income tax analysis, retirement planning and probability analysis, employee and fringe benefit analysis, education funding, estate planning review, and risk management analysis. Our service begins with a formal discovery process designed to help facilitate our understanding of the Client's current financial and subjective information. Lake Tahoe Wealth Management assesses the Client's goals, objectives, time horizon, and other factors to compare where the Client is today in relation to the attainment of their stated goals. A series of analyses, policies, and recommendations are developed to facilitate the attainment of the Client's desired life vision, based on what is truly important to the Client. After Discovery, analyses that make up a written Comprehensive Financial Plan are prepared to assess the Client's situation, along with various alternatives for consideration. The Client will receive education about the alternative options in order to help them make informed choices about their future.
Once the Client has chosen their path, we assist with the implementation of the recommendations that are accepted and agreed to by the Client. After implementation, we move into monitoring and updating the plan as necessary.
Asset Management Services Lake Tahoe Wealth Management provides continuous, active management of Client investment portfolios. Based on the information provided by the client and our observations from the Discovery Process, Lake Tahoe Wealth Management will provide the Client with an Investment Policy Statement ("IPS") that summarizes the Client's portfolio targets and objectives. Working within these agreed upon 4 investment policies, Lake Tahoe Wealth Management will implement this target portfolio using specific securities as Lake Tahoe Wealth Management deems appropriate at the time. Adherence to this target portfolio will be monitored on an ongoing and regular basis for rebalancing needs. The overall investment policies, capital market assumptions, and target portfolios will be reviewed periodically by the Investment Committee. If the account under Lake Tahoe Wealth Management is a non- discretionary account, the client must place the recommended trades. This is often the case with Client employer-sponsored retirement plans, 529 plans, variable annuities, etc.
Employer-Sponsored Qualified and Non-Qualified Retirement Plan Services Lake Tahoe Wealth Management will work with business owners to develop, design, and implement a retirement plan for their employees. Lake Tahoe Wealth Management provides objective advice to plan sponsors and senior management regarding issues involving plan options, wealth accumulation strategies for employees, and participant education. Lake Tahoe Wealth Management will provide fiduciary asset management services to retirement plans.
Foundation and Endowment Fiduciary Services Lake Tahoe Wealth Management will provide fiduciary asset management services to Foundations and Endowments. Lake Tahoe Wealth Management will work with the Directors and Boards of Foundations and Endowments to identify goals that integrate the relationship between endowment policy and the investment policies. Investment policies will be developed to incorporate appropriate asset allocation, including ascertaining risk tolerance, defining a time horizon, identifying appropriate asset classes and rebalancing guidelines, and assisting in defining the duties of all involved parties.
In performing any of our services, Lake Tahoe Wealth Management trusts that the Client will provide accurate and timely information. Lake Tahoe Wealth Management will not be obligated to verify any information received from the Client or from the Client's other professionals for purposes of implementing the strategy. The Client is under no obligation to engage the services of any such recommended professional. Clients are free to accept or reject any recommendation from Lake Tahoe Wealth Management. Clients are advised that it remains their responsibility to promptly notify Lake Tahoe Wealth Management if there is ever any change in their financial situation during the ongoing financial planning process, including any change to investment objectives, risk tolerance, investment time horizon, and any investment policies, guidelines or reasonable restrictions.

Non-discretionary accounts, individual securities, and portfolio restrictions are only allowed with express approval from the Chief Executive Officer, Chief Investment Officer, and Chief Compliance Officer.
Test Drive Educational Sessions We charge a flat fee in advance for our educational, virtual session. The fee will vary based the topic chosen, content provided, and length of the educational session. The fee will be refunded if you cancel at least 48 hours in advance. Payments may be made via Stripe or PayPal.
With each of these standalone TestDrive sessions you get a personalized assessment of your current situation for the selected area (portfolio, tax, or retirement readiness) and a 45-minute call with one of our experienced CFP® practitioners. During the call, your specific situation will be reviewed, key planning considerations will be discussed, and your questions will be answered* (within the scope of the service and selected area). Please note, these services are educational in nature and no advice will be given. Rather the focus is on financial literacy and experiencing our service and expertise. 5 IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
C. Client Account Management Prior to engaging Lake Tahoe Wealth Management to provide investment advisory services, the Client is required to enter into an investment management agreement with Lake Tahoe Wealth Management setting forth the terms and conditions of the engagement and the services to be provided. Lake Tahoe Wealth Management will work with each Client to determine and understand their unique circumstances, including their financial objectives, risk tolerance, time horizon, liquidity needs, and tax situation.
Lake Tahoe Wealth Management will then formulate a long-term asset allocation strategy that specifies the percentage of assets to be invested between equity, fixed-income securities and money market funds. This strategy will be outlined in a mutually agreed upon and suitable written Investment Policy Statement that reflects the Client's circumstances and guides us in designing an investment strategy for each Client. With these strategic guidelines in place Lake Tahoe Wealth Management will construct a portfolio utilizing mutual funds and/or exchange-traded funds (ETFs). Although Lake Tahoe Wealth Management prefers to achieve broad diversification in a given asset class through the use of mutual funds and ETFs, some clients may hold individual securities, such as stocks or bonds in their portfolio. Lake Tahoe Wealth Management will not hold derivatives or futures contracts in client portfolios. Portfolio management is provided on discretionary basis unless otherwise noted and a non- discretionary investment management agreement is executed. Lake Tahoe Wealth Management will use the services of a discount broker-dealer to provide account custodial services and to effect trades. All portfolios are actively rebalanced as necessary upon Lake Tahoe Wealth Management review. More or less frequent rebalancing (and, consequently, trading) may be required depending upon macroeconomic, market, or asset class/sector factors.
6 If Lake Tahoe Wealth Management does not have discretionary authority over an account, it will be the client's responsibility to place trades. Lake Tahoe Wealth Management will proactively perform analysis and recommend trades to clients who provide Lake Tahoe Wealth Management with the account data, either using account aggregation software (read-only) or paper statements. Lake Tahoe Wealth Management prefers the use of account aggregation software in order to retrieve daily position and account balance information. Under no circumstance will Lake Tahoe Wealth Management take "custody" of client accounts. Lake Tahoe Wealth Management will not at any time ask clients for their user names, passwords, or gain access to non-discretionary accounts. Typical Client accounts that fall into this category are: employer-sponsored retirement accounts, 529 Plans, variable life insurance policies, and variable annuities. Lake Tahoe Wealth Management provides this service in order to ensure its advice to clients is reflective of their entire financial circumstances.
Please see Item 12 for details regarding our Brokerage Practices.
D. Wrap Fee Programs Lake Tahoe Wealth Management does not manage any proprietary wrap fee programs. E. Assets Under Management As of January 30, 2024, Lake Tahoe Wealth Management manages the following assets: Discretionary Assets$168,242,212 Non-Discretionary Assets $23,337,297 Total$191,579,509