We are dedicated to providing individuals and other types of clients with a wide array of investment
advisory services. Our firm is a limited liability company formed in the State of California in 2014 and
has been in business as an investment adviser since then. As of January 2017, we combined the
business experience and practices of Beau Fisher, Larry Wiens and Michael Hubbert to form a new
advisory firm, Fisher and Wiens Wealth Management, LLC. Our firm is owned by the Beau Fisher &
Stacy Fisher Revocable Trust
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.
Description of the Types of Advisory Services We Offer
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, structured products, 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. Upon client request, our firm provides a
summary of observations and recommendations for the planning or consulting aspects of this
service.
LPL Sponsored Advisory Programs:
Our firm may provide advisory services through certain programs sponsored by LPL Financial, LLC
(“LPL Financial”), a registered investment advisor and broker-dealer. Below is a brief description of each
LPL advisory program available to our firm. For more information regarding the LPL programs,
including more information on the advisory services and fees that apply, the types of investments
available in the programs and the potential conflicts of interest presented by the programs please see
the LPL Financial Form ADV Part 2 and the applicable client agreement. The following advisory service
is made available through LPL:
• Optimum Market Portfolios Program (OMP)
OMP offers clients the ability to participate in a professionally managed asset allocation
program using Optimum Funds Class I shares. Under OMP, client will authorize LPL Financial
on a discretionary basis to purchase and sell Optimum Funds pursuant to investment
objectives chosen by the client. Advisor will assist the client in determining the suitability of
OMP for the client and assist the client in setting an appropriate investment objective. Advisor
ADV Part 2A – Firm Brochure Page 5 Fisher and Wiens Wealth Management, LLC
will have discretion to select a mutual fund asset allocation portfolio designed by LPL
Financial consistent
with the client’s investment objective. LPL Financial will have discretion
to purchase and sell Optimum Funds pursuant to the portfolio selected for the client. LPL
Financial will also have authority to rebalance the account. A minimum account value of
$15,000 is required for OMP.
• Model Wealth Portfolios Program (“MWP”):
MWP offers clients a professionally managed mutual fund asset allocation program. We will
obtain the necessary financial data from the client, assist the client in determining the
suitability of the MWP program and assist the client in setting an appropriate investment
objective. We initiate the steps necessary to open an MWP account and have discretion to
select a model portfolio designed by LPL Financial’s Research Department consistent with
the client’s stated investment objective. LPL Financial’s Research Department is responsible
for selecting the mutual funds within a model portfolio and for making changes to the mutual
funds selected. The client will authorize LPL Financial to act on a discretionary basis to
purchase and sell mutual funds, including in certain circumstances exchange traded funds
and to liquidate previously purchased securities. The client will also authorize LPL Financial
to effect rebalancing for MWP accounts.
The MWP program may make available model portfolios designed by strategists other than
LPL’s Research Department. If such models are made available, we will have discretion to
choose among the available models designed by LPL and outside strategists. A minimum
account value of $100,000 is required for MWP.
• Personal Wealth Portfolios Program (“PWP”):
PWP offers clients an asset management account using asset allocation model portfolios
designed by LPL Financial. We will have discretion for selecting the asset allocation model
portfolio based on client’s investment objective. We will also have discretion for selecting
third party money managers (PWP advisors) or mutual funds within each asset class of the
model portfolio. LPL Financial will act as the overlay portfolio manager on all PWP accounts
and will be authorized to purchase and sell on a discretionary basis mutual funds and equity
and fixed income securities. A minimum account value of $250,000 is required for PWP.
Tailoring of Advisory Services
We offer individualized investment advice to clients utilizing our Comprehensive Portfolio
Management service. We offer general investment advice to clients utilizing our Financial Planning
& Consulting service or LPL Sponsored Advisory Programs. Each 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. Restrictions would be limited to our
Comprehensive Portfolio Management service.
Participation in Wrap Fee Programs
Our firm no longer offers a wrap fee program. We manage some legacy accounts on a Wrap Fee basis,
but our firm does not manage wrap fee accounts in a different fashion than non-wrap fee accounts.
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All accounts are managed on an individualized basis according to the client’s investment objectives,
financial goals, risk tolerance, etc. Please note that the Wrap program will not be offered to new
clients.
Regulatory Assets Under Management
Our firm manages $219,000,000 on a discretionary basis as of December 2023.