Description of Firm
The Firm is a privately-owned company, headquartered in Sandy Springs, Georgia. Sean O'Toole and
Deanna Suarez founded the Firm in 2017 to leverage their talents and expertise through a business
devoted to serving their clients. The Founders named their company 1776 Wealth with respect to the
first publishing of Adam Smith’s collected works The Wealth of Nations, published in 1776 and whose
theory and adoption has been the foundation of wealth creation for individuals, companies and
countries.
The Firm serves the complex and unique needs of Entrepreneurs, Executives, and their Families. The
Firm provides a full suite of integrated and tailored wealth management and financial services to a
select clientele. The Firm operates as an independent fiduciary, allowing clients to engage it as their
adviser who acts only in their best interests.
Services and fees are described below. Refer to the description of each investment advisory service
listed below for information on how we tailor our advisory services to your individual needs. As used in
this brochure, the words "we," "our," and "us" refer to the Firm and the words "you," "your," and
"client" refer to you as either a client or prospective client of our Firm.
Financial Planning Services
We are a financial planning-based investment advisory firm. Our financial planning services typically
involve providing a variety of advisory services to clients regarding the management of their financial
resources based upon an analysis of their individual needs which results in a financial plan.
Our investment strategies and recommendations are designed to assist you in achieving the goals of
your unique financial plan. Our focus is on clientele that have substantial and complex needs, which
often requires financial plans to be developed in conjunction with their tax, financial and legal
professionals. We make extensive use of software to provide analysis and modeling of strategies and
potential outcomes.
We offer financial planning services adhering to the Certified Financial Planner™ standards. Members
of our team who are board certified and maintain their Certified Financial Planner™ credentials adhere
to those standards and definitions. The "personal financial planning process" or the "financial planning
process" denotes the process which typically includes, but is not limited to, these six elements:
establishing and defining the client-planner relationship, gathering client data including goals, analyzing
and evaluating the client's financial status, developing and presenting financial planning
recommendations and or alternatives, implementing the financial planning recommendations and
monitoring the financial planning recommendations.
“Personal financial planning subject areas” or “financial planning subjects" denotes the basic subject
fields covered in the financial planning process which typically include but are not limited to: financial
statement preparation and analysis (including cash flow analysis/planning and budgeting), investment
planning (including portfolio design, i.e., asset allocation and portfolio management), tax planning,
education planning, risk management, retirement planning and estate planning1.
Once your information is reviewed and analyzed, a written plan is discussed with you to assist you in
achieving your stated financial goals and objectives.
Financial plans are based on your financial situation at the time we present the plan to you, and on the
financial information provided. While we expect to be integral to your life and stay informed of your
needs, we do request that you notify us if your financial situation, goals, objectives, or needs change.
You are under no obligation to act on our financial planning recommendations. Should you choose to
act on any of our recommendations, you are not obligated to implement the financial plan through any
of our other investment advisory services. Moreover, you may act on our recommendations by placing
securities transactions with any financial services firm.
Portfolio Management Services
We offer discretionary and non-discretionary portfolio management services. Our investment advice is
tailored to meet our clients' needs and investment objectives. If you retain us for portfolio management
services, we will meet with you to determine your investment objectives, risk tolerance, and other
relevant information at the beginning of our advisory relationship. We will use the information we
gather to develop a strategy that enables us to provide you focused investment advice and or to make
investments on your behalf. As part of our portfolio management services, we may customize an
investment portfolio according to your risk tolerance and investing objectives. We may also invest your
assets according to one or more model portfolios developed by our Firm or an unaffiliated investment
manager. Once we construct an investment portfolio for you, or select a model portfolio, we will
monitor your portfolio's performance as required by changes in market conditions or in your financial
circumstances, but in any event no less frequently than annually, and adjust your portfolio as we believe
appropriate.
If you participate in our discretionary portfolio management services, we require you to grant us with
discretionary authority to manage your account. Discretionary authorization will allow us to determine
the specific securities, and the amount of securities, to be purchased or sold for your account without
requiring your approval prior to each transaction. Discretionary authority is typically granted by the
agreement you sign with us and the appropriate trading authorization forms. You may limit our
discretionary authority (for example, limiting the types of securities that can be purchased or sold for
your account) by providing us with your restrictions and guidelines in writing.
If you enter into non-discretionary arrangements with us, then we must obtain your approval prior to
executing any transactions on behalf of your account. You have an unrestricted right to decline to
1 The Firm does not provide specific tax or legal advice; it is advisable to consult professionals in these areas prior to taking
any further action.
implement any advice provided by us on a non-discretionary basis.
As referenced above, we may invest your assets according to one or more model portfolios developed
by our Firm or an unaffiliated investment manager. These models are designed for investors with
varying degrees of risk tolerance ranging from a more aggressive investment strategy to a more
conservative investment approach. Clients whose assets are invested in model portfolios may
not set
restrictions on the specific holdings or allocations within the model, or the types of securities that can be
purchased within the model. Nonetheless, clients may impose restrictions on investing in certain
securities or types of securities in their account. In such cases, this may prevent a client from investing
in certain models that we manage.
As part of our portfolio management services, we may provide financial planning services to our
portfolio management clients.
Financial Consulting Services
We offer consulting services in which we advise clients on specific financial-related topics that are
different than those provided in investment advisory services. The topics we address may include, but
are not limited to, risk assessment and management, investment planning, financial organization, and/or
financial decision making and negotiation.
Selection of Other Advisers
We may recommend that you use the services of a third-party money manager ("Manager") to manage a
portion of your investment portfolio. After gathering information about your financial situation and
objectives, we may recommend that you engage a specific Manager or investment program. Factors that
we take into consideration when making our recommendation(s) include, but are not limited to, the
following: the Manager’s performance, methods of analysis, fees, your financial needs, investment
goals, risk tolerance, and investment objectives. We will monitor the Manager(s)' performance to ensure
its management and investment style remains aligned with your investment goals and objectives.
The Manager(s) will actively manage your portfolio and will assume discretionary investment authority
over your account. We will assume discretionary authority to retain and terminate Manager(s) and/or
reallocate your assets to other Managers where we deem such action appropriate.
Pension Consulting Services
We offer pension consulting services to employee benefit plans and their fiduciaries based upon the
needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these
services may include an existing plan review and analysis, plan-level advice regarding fund selection
and investment options, education services to plan participants, investment performance monitoring,
and/or ongoing consulting. These pension consulting services will generally be non-discretionary and
advisory in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor
or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational
seminars to plan participants on such topics as diversification, asset allocation, risk tolerance and time
horizon.
Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of pension consulting services to plans on an individually
negotiated basis. All services, whether discussed above or customized for the plan are based upon
requirements from the plan fiduciaries (which may include additional plan-level or participant-level
services) and shall be detailed in a written agreement that is consistent with the parameters set forth in
the plan documents.
Party to the pension consulting agreement may terminate the agreement upon written notice to the other
party in accordance with the terms of the agreement for services. The pension consulting fees will be
prorated for the quarter in which the termination notice is provided, and any unearned fees will be
refunded to the client.
Family Office and Wealth Planning Services
We recognize that our "High Net Work" (and Worth) clients require more than investment management
of a stock portfolio and a financial plan with a few projections. Internally and through other
professionals outside of our Firm, we offer tailored family office and wealth planning services designed
to assist our clients in maximizing their wealth based on their current financial situation.
Our family office and wealth planning services may include, but are not limited to:
• “Holistic” Balance Sheet and Income Statements
• Bookkeeping
• Private Company Board Governance support
• Equity Plan analysis
• Captive Insurance Arrangements
• Private Placement Life Insurance
• Filing for incorporations of business and family entities
• Installation of Defined Benefit and Defined Contribution plan
• Family Continuity and "Affluenza" mitigation
• Estate Planning and Trustee Oversight
• Integrated Tax and Financial Planning
• Lifestyle Management
• Family Philanthropy design and implementation
• Risk Mitigation and Risk Management
• Third-Party Coordination (i.e., attorneys and CPAs)
Sub-Advisory Services to Registered Investment Advisers
We offer sub-advisory services through unaffiliated third-party money managers (the "Primary
Investment Adviser"). As part of these services, we will provide model portfolios, which the Primary
Investment Adviser selects for their clients. We will not directly manage the Primary Investment
Adviser's individual client accounts. The Primary Investment Adviser will be responsible for selecting
the appropriate model for its clients with monitoring by us.
Assets Held-Away
We offer advisory services to Clients for their assets held-away by providing them with agreed upon
services which may include research, strategy, asset allocation and investment advice tailored to their
overall financial situation which may also include those assets held directly with one of our preferred
Custodians.
Types of Investments
We offer advice on equity securities, warrants, corporate debt securities (other than commercial paper),
certificates of deposit, municipal securities, variable life insurance, variable annuities, mutual funds,
United States government securities, options contracts on securities, options contracts on commodities,
futures contracts on tangibles, money market funds, real estate, real estate investment trusts ("REITs"),
Exchange Traded Funds (“ETFs”), interests in partnerships investing in real estate, private placements,
interests in partnerships investing in oil and gas interests and interests in partnerships investing in direct
private equity. Additionally, we may advise you on various types of investments based on your stated
goals and objectives. We may also provide advice on any type of investment held in your portfolio at
the inception of our advisory relationship.
Regulatory Assets Under Management
As of December 31, 2023, we provided continuous management services for $360,080,629 in
regulatory assets under management on a discretionary basis.