Artemis Financial Advisors LLC (“Artemis”) is an independent, registered investment advisor based in
Boston, Massachusetts. The firm helps individuals and families realize their personal, investment and
retirement goals by working with them to develop and implement a comprehensive financial strategy.
Artemis was founded in 2007. Participants in ownership are Leigh Bivings, Ph.D., CFP®, CDFA, Kathleen
McQuiggan and Mark Haser, MBA, CFP®. The firm is fee-only and is dedicated to the fiduciary principle
that the client’s best interests are always paramount.
SERVICES
a. Financial Plan Development
Our financial planning assistance begins with a detailed review of our client’s financial situation, their
financial goals and retirement plans. Working closely with the client, we then develop a strategy to
achieve those objectives. Our process is highly tailored to meet each client’s specific needs, which may
include cash flow analysis, investment strategy development, tax planning, education planning,
retirement planning, insurance analysis and estate planning.
b. Wealth Management
Our flagship wealth management service is our most comprehensive service, integrating financial plan
development with ongoing portfolio management and financial plan implementation. This service
begins with the development of a financial plan as described above.
Our process for developing the investment strategy begins with a thorough review of our client’s current
portfolio, and an analysis of a questionnaire that helps us to understand their investment goals and
tolerance for risk. Based on this information, we will evaluate different asset allocation strategies with
our clients so that they understand the risks they are taking and the results that they might achieve. We
then formalize the agreed investment strategy in an Investment Policy Statement (IPS) and implement
the strategy by managing the assets on a discretionary basis. All assets are held at our custodian,
Fidelity Investments, which provides regular monthly account statements.
Quarterly, our wealth management clients receive a detailed performance report, which consolidates
and analyzes the performance of their investments across all of their accounts. Annually, we conduct a
comprehensive financial planning and investment portfolio review to evaluate and adapt the overall
strategy and address any new financial planning needs.
Retirement Plan Rollover Considerations
As part of our wealth management services, we may recommend that you withdraw the assets from
your employer's retirement plan and roll the assets over to an individual retirement account ("IRA") that
we will manage on your behalf. If you elect to roll the assets to an IRA that is subject to our
management, we will charge you an asset-based fee as set forth in the agreement you executed with
our firm. This practice presents a possible conflict of interest because the fee you pay may increase after
the rollover is completed. You are under no obligation, contractually or otherwise, to complete the
rollover. Moreover, if you do complete the rollover, you are under no obligation to have the assets in an
IRA managed by our firm. Many employers permit former employees to keep their retirement assets in
their company plan. Also, current employees can sometimes move assets out of their company plan
before they retire or change jobs. In determining whether to complete the rollover to an IRA, and to the
extent the following options are available, you should consider the costs and benefits of: 1. Leaving the
funds in your employer's (former employer's) plan. 2. Moving the funds to a new employer's retirement
plan. 3. Cashing out and taking a taxable distribution from the plan. 4. Rolling the funds into an IRA
rollover account.
Effective December 20, 2021, 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 (e.g., 401(k),
403(b)) or individual retirement account (IRA), 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. Divorce Financial Analysis
Our divorce financial planning service begins by gaining a clear understanding of our client’s key goals,
needs, and concerns during this highly sensitive time in their lives. Do they want to keep the house? Do
they know how much money they need to maintain their living standard? Are they entitled to any
support? After we have a clear picture, we tailor our work to his or her specific needs, which may
include:
• Analyzing the short- and long-term financial implications of a divorce settlement;
• Documenting a marital standard of living;
• Offering insight into the pros and cons of different settlement proposals; and
• Providing solutions to complicated settlement issues such as stock options and defined benefit
pensions.
Once a divorce settlement has been reached and the divorced is finalized, we can help clients transition
to a single life. We assist with post-divorce asset transfers, estate and insurance planning, long-term
financial planning, general financial education, and investment management.
d. Basics of Personal Finance
This service is targeted to young professionals seeking to learn the basics of saving, budgeting, debt
management and investing. The course is taught by a member of the Artemis team in two, two-hour
sessions either in person or remotely. At the end of the course, the student receives a copy of all course
materials, a budgeting template and a list of curated online resources to learn more. Private or group
sessions are available.
e. Employer Retirement Plan Consulting
Artemis provides retirement plan consulting and advisory services on behalf of the retirement plans
(each a “Plan”) and the company that offers the Plan (the “Plan Sponsor”). Each engagement is
customized to the needs of the Plan and Plan Sponsor. In accordance with ERISA Section 408(b)(2),
Artemis shall provide each Plan Sponsor with a written description of Artemis’s fiduciary status, the
specific services to be rendered and all direct and indirect compensation the Advisor reasonably expects
under the engagement.
ASSETS UNDER MANAGEMENT
As of December 31, 2023, Artemis had $313,137,747 of assets under management. We also had
$59,299,627 of assets under advisement, 44% of which come under our fee umbrella. These are assets
for which Artemis clients seek the firm’s advice, such as those held at custodians other than Fidelity,
401k accounts, 529 plans and certain alternative investments. All of Artemis’ regulatory assets under
management are managed on a discretionary basis, as described below.