Sound Stewardship, LLC is an investment adviser registered with the United States Securities and Exchange Commission (SEC) whose
principal place of business is in Kansas. Sound Stewardship began conducting business in 2004.
The firm is owned by Matthew Johnne Syverson and Jonathan David Harrison.
Sound Stewardship provides comprehensive consultations addressing your specific financial issues. Your adviser provides you with a detailed
financial analysis and recommendations to guide you toward the achievement of your objectives. We offer 4 different service models:
Annual Planning Relationship, Transition Planning Relationship, Hourly-As-Needed and Public Speaking.
ANNUAL PLANNING RELATIONSHIP (APR)
Clients receive a written financial plan and ongoing support, executive summary follow-ups after each session, quarterly meetings with net
worth updates, an annual review meeting, along with periodic updates on the economy and/or federal and state tax laws. In general, the
financial plan can address any or all of the following areas:
1. Net Worth Inventory
2. Cash Flow and Emergency Reserves
3. Major Purchases and /or Liquidations
4. Tax Planning
5. Retirement Analysis
6. Investment Analysis
7. Education Planning
8. Insurance Planning
9. Estate Planning and Survivor Support
10. Charitable Gift Planning
11. Special Needs Planning
12. Credit Review and Identity Theft Considerations
13. Disaster Preparedness Considerations
14. Business Planning
Our Investment Management Service includes the following:
Sound Stewardship provides wealth management services to Annual Planning Relationship clients on a discretionary basis, with non-
discretionary management only by request. The management service includes, among other things, providing advice regarding asset
allocation and the selection of investments. Account management is guided by the stated objectives of the client (i.e., capital appreciation,
income, growth and income or capital preservation).
For accounts managed on a discretionary basis, clients sign an agreement with our firm, giving us authorization to place trades, according to
their Investment Policy Statement, without contacting the client prior to each trade. Clients may, at any time, impose reasonable restrictions
on Sound Stewardship’s discretionary authority in writing (i,e., restrict the sale/purchase of a specific security).
For accounts managed on a non-discretionary basis, we won’t process transactions without seeking and receiving the client’s authorization
first.
We build customized portfolios without commissions or third-party incentives through our strategic partnerships with Fidelity Institutional
Wealth Services and Schwab Institutional Services. However, the client may use the custodian(s) of their choice, but may have limited-service
capabilities and potentially higher custodial fees.
What We Do For You:
• Create a Suitable Mixture of Investments
• Implement the Portfolio According to Your Goals
• Manage the Portfolio Throughout Your Lifetime
• Report on Your Comprehensive Performance at Schwab and Fidelity Institutional
What Makes Sound Stewardship Unique?
• Minimize underlying investment expenses using tax-efficient Exchange Traded Funds
• Each account is professionally managed in-house
• Overlay the portfolio allocation across multiple accounts
• Offer Biblically Responsible and Socially Responsible portfolios
• Identify and track your cost basis and contribution basis
We gather required information through in-depth personal interviews. Information gathered includes the client's current financial status, tax
status, future goals, returns objectives and attitudes towards risk. We carefully review documents supplied by the client, including a
questionnaire completed by the client, and prepare a written report. Should the client choose to implement the recommendations
contained in the plan, we suggest the client work closely with his/her attorney, accountant, insurance agent, and/or stockbroker.
Implementation of financial plan recommendations is entirely at the client's discretion. We provide general non-securities advice on topics
that may include tax planning, cash flow planning, estate planning and business planning.
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Within the scope of our business, we have the possibility of providing recommendations and implementation in the following investment
areas:
• Exchange-listed securities
• Exchange Traded Funds
• Securities traded over-the-counter
• Foreign issuers
• Certificates of deposit
• Municipal securities
• Variable life insurance
• Variable annuities
• Mutual fund shares
• United States governmental securities
• Options contracts on securities
• Interests in partnerships investing in leasing or real estate
• Interests in partnerships investing in oil and gas interests
• REITs (real estate investment trusts)
• Direct ownership and private placements
• 529 plans
• Tax credit programs involving low income housing
• Employer based stock option programs (ISOs and NQSOs).
When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries
within the meaning of Title I of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”) and/or the Internal Revenue
Code (the “Code”), as applicable, which are laws governing retirement accounts. The way we make money may create 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 will:
• 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.
When providing recommendations to retirement plan accounts involving rollover considerations, there are generally four options
regarding an existing retirement plan account. An employee may use a combination of those options, such as; (i) leave the funds in the
former employer’s plan, if permitted, (ii) roll over the funds to a new employer’s plan, if one is available and rollovers are permitted, (iii)
roll over to an Individual Retirement Account (“IRA”), or (iv) cash out the account value (which could, depending upon the individual’s age,
result in adverse tax consequences). If your designated IAR recommends that you rollover your retirement plan assets into an account to
be managed by our firm, such recommendation creates a conflict of interest insofar as this might increase your net worth, thereby
increasing your annual advisory fee.
Typically, the financial plan is presented to the client within six months of the contract date, provided that all information needed to
prepare the financial plan has been promptly provided.
Financial Planning recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company. All
recommendations are of a generic nature.
TRANSITION PLANNING RELATIONSHIP (TPR)
Sound Stewardship provides a Transition Planning Relationship (TPR) for existing Clients and their relatives, as well as family or friends of
our existing employees, whose net wealth is under $500,000. The TPR provides similar services as described under our Annual Planning
Relationship, except the Client is offered semi-annual meetings with their advisor instead of quarterly meetings.
HOURLY-AS-NEEDED SERVICE
Sound Stewardship provides limited financial consultation and/or implementation services to Client(s) on an hourly basis to address a
variety of financial topics. Specific recommendations are provided after each meeting via email. The Client(s) are responsible for initiating
meetings with the firm as they need assistance.
Recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company. All
recommendations are of a generic nature.
PUBLIC SPEAKING
Sound Stewardship provides educational seminars and public speaking engagements on an hourly basis to address the financial topics of
choice for the presenting sponsor.
EVALUATION AND MONITORING OF THIRD-PARTY MONEY MANAGERS
We also offer advisory services to our clients through our evaluation and monitoring of Third-Party Money Managers.
Our firm provides the client with an asset allocation strategy developed through personal discussions in which goals and objectives based
on the client's particular circumstances are established. This asset allocation strategy is drafted into a written financial plan.
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Based on the client's individual circumstances and needs we will then perform management searches of various unaffiliated registered
investment advisers to identify which registered investment adviser's portfolio management style is appropriate for that client. Factors
considered in making this determination include account size, risk tolerance, the opinion of each client and the investment philosophy of
the selected registered investment adviser. Clients should refer to the selected registered investment adviser's Firm Brochure or other
disclosure document for a full description of the services offered. We are available to meet with clients on a regular basis, or as determined
by the client, to review the account.
Once the client has selected the appropriate manager(s), we provide that manager with the client’s written financial plan. We then monitor
the performance of the selected manager(s). If we determine that a particular selected manager is not providing sufficient management
services to the client, or is not managing the client's portfolio in a manner consistent with the client's objectives, we may suggest that the
client contract with a different registered investment adviser and/or program sponsor. Under this scenario, our firm assists the client in
selecting a new registered investment adviser and/or program. However, any move to a new registered investment adviser and/or
program is solely at the discretion of the client.
AMOUNT OF MANAGED ASSETS
As of December 31, 2023, we were actively managing approximately $217,333,172 of clients' assets, $192,876,721 on a discretionary basis
and $24,456,451 on a non-discretionary basis.