Overview
A. Description of the Advisory Firm
Fiduciary Wealth Management, LLC is a Limited Liability Company organized in the state of
Virginia.
This firm has been in business since February 2011, and the principal owners are Christopher
John Broderick and Patrick Daniel Roth.
B. Types of Advisory Services
Fiduciary Wealth Management, LLC (hereinafter “FWM”) offers the following services to
advisory clients:
Investment Supervisory Services
FWM offers ongoing portfolio management services based on the individual goals, objectives,
time horizon, and risk tolerance of each client. FWM creates an Investment Policy Statement for
each client, which outlines the client’s current situation (income, tax levels, and risk tolerance
levels) and then constructs a plan (the Investment Policy Statement) to aid in the selection of a
portfolio that matches each client’s specific situation. Investment Supervisory Services include,
but are not limited to, the following:
• Investment strategy • Personal investment policy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
FWM evaluates the current investments of each client with respect to their risk tolerance levels
and time horizon. FWM will request discretionary authority from clients in order to select
securities and execute transactions without permission from the client prior to each transaction.
Risk tolerance levels are documented in the Investment Policy Statement, which is given to each
client.
Financial Planning
Financial plans and financial planning may include, but are not limited to: investment planning,
life insurance; tax concerns; retirement planning; college planning; and debt/credit planning.
These services are based on hourly fees and the final fee structure is documented in Exhibit II of
the Financial Planning Agreement.
Pension Consulting
FWM provides Employment Retirement Income Security Act (ERISA) and non-ERISA services to
qualified retirement plans as further defined in its QRP Advisory Agreement. These services
consist in general of assisting plan fiduciaries in plan design and implementation, investment
selection and ongoing monitoring and ongoing plan participant education and service.
Services Limited to Specific Types of Investments
FWM limits its investment advice and/or money management to mutual funds, equities, bonds,
fixed income, debt securities, ETFs, REITs, and government securities. FWM may use other
securities as well to help diversify a portfolio when applicable.
C. Client Tailored Services and Client Imposed Restrictions
FWM offers the same suite of services to all of its clients. However, specific client financial plans
and their implementation may be dependent upon the client Investment Policy Statement
which outlines a client’s current situation (income, tax levels, and risk tolerance levels, etc.) and
is used to construct a client specific plan to aid in the selection of a portfolio that matches
restrictions, needs, and targets.
Clients may impose restrictions in investing in certain securities or types of securities in
accordance with their values or beliefs. However, if the restrictions prevent FWM from properly
servicing the client account, or if the restrictions would require FWM to deviate from its
standard suite of services, FWM reserves the right to end the relationship.
D. Wrap Fee Programs
FWM does not participate in any wrap fee programs.
E. Amounts Under Management
As of 12/31/2022 FWM had the following Assets Under Management:
Discretionary: $104,865,342
Non-Discretionary: $264,598,167
Total: $369,463,509