Azzendo Wealth Advisors is a registered investment advisor based in Coral Gables, Florida. We are a
corporation formed under the laws of the State of Florida and we have been providing investment
advisory services since 2008.
Cathy Pareto, CFP® is the sole owner. Currently, we offer the following investment advisory services,
personalized to each individual client:
• Wealth Management Services
• Portfolio Management Services
• Financial Planning Services
The following paragraphs describe what we do and what we charge. Each investment advisory
service is listed below and describes how we tailor our advisory services to your individual needs.
Also, you may see the term Associated Person throughout this Brochure. As used in this Brochure,
this term refers to anyone from our firm who is an officer, employee, and all individuals providing
investment advice on behalf of our firm.
Wealth Management Services
Azzendo Wealth Advisors provides wealth management services to clients. At the beginning of the
relationship, clients receive a financial plan that is used to: (i) determine and prioritize the client’s
personal and financial goals, needs and objectives; (ii) gather pertinent data and documents, through
personal meetings and interviews with the client; (iii) analyze and evaluate the client’s overall
financial situation; (iv) develop and present financial planning recommendations; (v) assist in the
implementation of the financial plan; and (vi) monitor the plan on an ongoing basis. Further details
about our financial planning process are provided in the Financial Planning Services section below.
Once a financial plan is delivered, clients can implement the investment recommendations provided
in the financial plan through our portfolio management services described in more detail below.
Portfolio Management Services
Asset management refers to the management of money, including investments. Assets are usually
held in what is called a portfolio. Determining the types and quantities of securities to hold in a
portfolio is referred to as portfolio management.
Our firm offers discretionary portfolio management services to our clients. Discretionary portfolio
management means we will make investment decisions and place buy or sell orders in your account
without contacting you. These decisions would be made based upon your stated investment
objectives and risk tolerance.
Our investment advice is tailored to meet our clients’ needs and investment objectives. If you decide
to hire our firm to manage your portfolio, we will meet with you to gather your financial information,
determine your goals, and decide how much risk you should take in your investments. The
information we gather will help us implement an asset allocation strategy that will be specific to your
goals, whether we are actively investing for you or simply providing you with advice.
There are a few ways we might create your investment portfolio depending on what we decide
would work best for you. We may customize a portfolio for you based on the goals and risk we
determined during the information gathering process. Or, we might use a predetermined strategy
rather than choosing individual securities. Alternatively, it may be that one of the model portfolios
developed by our firm would be the best fit for your needs.
Azzendo Wealth Advisors mainly uses equity securities, exchange traded funds, mutual funds,
corporate securities, municipal securities and U.S. government securities in its portfolio management
programs.
However we construct your investment portfolio, we will monitor your portfolio’s performance on an
ongoing basis, and rebalance the portfolio whenever necessary, as changes occur in market
conditions, your financial circumstances, or both.
As outlined above, discretionary portfolio management services means that once the portfolio has
been agreed upon, the ongoing supervision and management of the portfolio will be our
responsibility. This authority is granted to us by you in a written agreement. This allows our firm to
decide on specific securities, the quantity of the securities and placing buy or sell orders for your
account without obtaining your approval for each
transaction. This type of authorization is done
using either the investment advisory agreement you sign with our firm, a limited power of attorney
agreement, or trading authorization forms. You may limit this authority if you wish by, for example,
setting a limit on the type of securities that can be purchased for your account. Simply provide us
with your restrictions or guidelines in writing.
If you wish to terminate this service, you can do so by writing a letter to us at least [30] days before
the designated termination date. There will be a charge to you for any service performed by us in the
partial billing period in which you gave termination notice. This fee will be calculated
pro rata, which
means only in proportion to the number of days in the billing period for which you are a client.
If you
have pre-paid advisory fees that we have not yet earned, you will receive a pro-rated refund of those
fees.
We recommend that you review the statement(s) you receive from the qualified custodian. If you see
something that is incorrect, please call our main office number, located on the cover page of this
brochure.
Financial Planning Services
We offer broad based financial planning including
tax planning, charitable gifting strategie
s, estate
and retirement planning and preparation fo
r life transitions including
family wealth planning.
Azzendo Wealth Advisors achieves a client’s long-term financial goals by implementing a financial
planning process that may include the following steps:
1. Assessment of a client’s present financial situation by collecting information regarding net
worth and cash flow statements, tax returns, insurance policies, investment portfolios,
pension plans, employee benefit statements etc.
2. Identification of a client’s financial and personal goals and objectives. Goals or objectives may
include financing a child’s college education or retirement planning. The identified goals or
objectives are specific, realistic and measurable. All goals include time horizons.
3. Resolution of finance related problems. Obstacles to achieving financial independence are
identified so that resolution may occur. Examples of problem areas can include too little or
too much insurance coverage, inadequate cash flow or a high tax burden.
4. Plan Design. A written financial plan is prepared that includes recommendations and
solutions to any financial related problems.
5. Implementation of the financial plan. The financial plan is finalized and agreed upon. The
recommendations and solutions are executed by the client to reach the desired goals and
objectives unless the client hires Azzendo Wealth Advisors to implement the financial plan
through its Wealth Management Service.
6. Evaluation of the financial plan is conducted periodically as part of the Wealth Management
Service. Updates to the financial plan can be made as needed at an additional fee if not part
of the Wealth Management Service.
Financial plans are based on your financial situation and the financial information you provide to our
firm. If your financial situation, goals, objectives, or needs change, you must notify us promptly.
We also provide financial planning services that cover a specific area, such as retirement or estate
planning. We offer consultative services where we set an appointment to meet with you for financial
planning advice for an hourly fee.
You may choose to accept or reject our recommendations. If you decide to proceed with our
recommendations, you may do so either through our investment advisory services or by using the
advisory/brokerage firm of your choice.
Assets Under Management
As of February 7, 2023, we manage $197,357,700 in client assets, all on a discretionary basis.