Arkadios Wealth Advisors LLC (“Arkadios Wealth”) was established in 2017. Arkadios Holdings owns 100%
of Arkadios Wealth. David Millican owns 100% of Arkadios Holdings and is the Managing Member and
CEO of Arkadios Wealth.
Arkadios Wealth provides advisory services, giving continuous advice based on the client’s individual
needs. Through personal discussions in which goals and objectives based upon the client’s personal
objectives are established, the firm will develop a personal investment policy based upon an investment
objective questionnaire and manage the portfolio according to the criteria.
ERISA and Individual Retirement Accounts Disclosure
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 (“ERISA”) 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.
ADVISORY MANAGED ACCOUNT SOLUTIONS – Crest Accounts
Accounts are managed on a discretionary basis, meaning that the Arkadios Wealth investment adviser
representative (“Advisor”) has discretion over what securities to buy and sell. However, clients may elect
to have their account managed on a non-discretionary basis, meaning that the client must consent to each
trade in the account. This trading discretion and any limitations on it will be set forth in the client
agreement. The services provided are the same regardless of the account structure selected. Depending
on the client’s investment objectives, the Advisor may manage and provide advice on mutual funds,
stocks, bonds, exchange traded funds (ETFs), LPs, options, and/or alternative investments. All of the
account structures give the Advisor the ability to customize asset allocation, investment selection, and
investment strategies to meet their financial situation and investment goals.
Advisory Managed Account Solutions accounts are offered through Peak, a wrap fee program and Crest,
a non-wrap fee program. In a Crest account, clients pay an advisory fee plus additional transaction-based
charges (see Item 5 for more information on fees). In a Peak account, the client pays a single fee that
covers the advisory services and the execution of transactions. Clients that anticipate trading primarily in
equities and ETFs are typically recommended to open a wrap fee account; clients that anticipate trading
in mutual funds with little or no anticipated trading in equities and ETFs will be recommended to open a
non-wrap fee account. More information regarding the services and fees of the Peak accounts are
separately disclosed in the Peak Wrap Fee Brochure, which is available upon request.
Several other factors influence the selection of the account structure, including but not limited to:
• the client‘s preference for how charges will be paid, i.e., a wrap account vs. transaction charges
per trade on certain or all securities
• account size
• anticipated trading frequency
• anticipated types of securities to be traded
• long term investment goals
Advisory services are tailored to the individual needs of each client. The Advisor will assist clients in
connection with establishing and monitoring of investment objectives, risk tolerance, asset allocation
goals and time horizon. Clients have the opportunity to place reasonable restrictions or constraints on the
way their accounts are managed; however, such restrictions may cause the Advisor to deviate from a
strategy or recommendations that the Advisor would have made if such restrictions or constraints were
not in place. Thus, the account‘s performance could be lower than it otherwise would have been.
The services that Arkadios Wealth provides under some or all of these investment options may be
available from other providers for lesser fees. In addition, clients can buy securities (e.g., mutual funds,
exchange-traded funds, etc.) outside of Arkadios Wealth’s investment programs without incurring fees
through our program.
Third-Party Asset Management Consulting Services
Arkadios Wealth offers access to third-party asset managers who offer a wide range of asset classes and
strategies through which our clients
can invest. Our investment adviser representatives will typically
recommend and assist the client in selecting these third-party managers and will consult with the client
regarding those services.
The third-party managers recommended by Arkadios Wealth will typically manage accounts using
investment discretion, meaning that the client is not required to approve every proposed transaction. The
client grants discretion to the third-party manager in a separate agreement between the client and the
third-party manager. Arkadios Wealth may assist clients by recommending that assets be allocated among
multiple managers.
Whenever a client selects the services of a third-party manager, the client will receive a disclosure
brochure similar to this one describing the manager and the services it provides. The client may also
receive a disclosure brochure or a brochure supplement describing each individual portfolio manager
selected. Clients should read these disclosure brochures carefully before deciding whether to select a
particular portfolio manager. The list of third-party managers recommended by Arkadios Wealth changes
from time to time, at Arkadios Wealth’s discretion.
Financial Planning
Arkadios Wealth offers advice in the form of a Financial Plan. Clients will receive a written plan, providing
the client with a detailed financial plan designed to achieve their stated financial goals and objectives.
Arkadios Wealth will typically work with other professionals such as attorneys, Certified Public
Accountants, trust officers, Mortgage Analysts, etc. to offer financial and estate planning advice. Arkadios
Wealth specializes in the areas of investment, financial, estate, risk management, retirement, and
business continuation planning. The financial management process begins with an in-depth evaluation of
the client’s current financial goals and objectives. Once we have established the overall objectives, Advisor
will focus on the client’s specific goals. Services may include the following, as agreed upon with the client:
retirement income planning; estate analysis; investment planning; fee-based asset management; estate
conservation; long term care planning; life insurance/survivorship needs analysis; charitable giving;
wealth succession planning.
Arkadios Wealth offers consultation to clients, as well, who don’t wish to have a formal, written financial
plan but rather just wish to discuss their current financial situation, the market and their goals in general.
Retirement Planning
Establishing a sound fiduciary governance process is vital to good decision-making and to ensuring that
prudent procedural steps are followed in making investment decisions. Arkadios Wealth will provide
Retirement Plan consulting services to Plans and Plan Fiduciaries as described below. The appropriate Plan
Fiduciary(ies) designated in the Plan documents (e.g., the Plan sponsor or named fiduciary) will (i) make
the decision to retain our firm; (ii) agree to the scope of the services that we will provide; and (iii) make
the ultimate decision as to accepting any of the recommendations that we may provide. The Plan
Fiduciaries are free to seek independent advice about the appropriateness of any recommended services
for the Plan. Retirement Plan consulting services may be offered individually or as part of a
comprehensive suite of services.
ERISA sets forth rules under which Plan Fiduciaries may retain investment advisers for various types of
services with respect to Plan assets. Arkadios Wealth acts as a fiduciary under ERISA Section 3(21). As
such, Arkadios Wealth works with clients to recommend the investment choices for a plan among which
the plan participants may select. Arkadios Wealth does not have discretion over plan investments, and
Retirement Plan clients will retain control of the plan’s investments and will approve the fund lineup.
Arkadios Wealth does not offer investment management services, as defined under ERISA section 3(38).
With respect to any account for which Arkadios Wealth meets the definition of a fiduciary under
Department of Labor rules, Arkadios Wealth acknowledges that both Arkadios Wealth and its Related
Persons are acting as fiduciaries. Additional disclosure may be found elsewhere in this Brochure or in the
written agreement between Arkadios Wealth and Client.
Under ERISA Section 3(21), Arkadios Wealth offers the following fiduciary services:
• Development of Investment Policy Statement;
• Recommendations for selecting and monitoring the Plan’s investments;
• Investment performance measurement and analysis;
• Recommendations for allocating and rebalancing model asset allocation portfolios; and
• Individualized investment advice to plan participants
In addition, Arkadios Wealth, acting in a non-fiduciary capacity, will provide employee investment
education; and assistance with the management of service providers.
As of December 31, 2023, Arkadios Wealth managed $2,681,123,534 on a discretionary basis.