This Disclosure document is being offered to you by Peak Planning Group, LLC (“Peak
Planning”) about the investment advisory services we provide. It discloses information
about the services that we provide and the way those services are made available to you,
the client.
We are an investment management firm located in Colorado. We specialize in investment
advisory services for individuals, high-net-worth individuals, trusts and estates. The firm
was established as a registered investment adviser by Louis “PJ” Patierno, Jr. in 2017. PJ is
the majority owner of Peak Planning Group, LLC at 85% ownership.
We are committed to helping clients build, manage, and preserve their wealth, and to
provide assistance that helps clients to achieve their stated financial goals. We offer
potential new clients an initial meeting free of charge; however, investment advisory
services are initiated only after you and Peak Planning execute an engagement letter or
client agreement.
Investment and Wealth Management and Supervision Services
We offer both discretionary and non-discretionary investment management and
investment supervisory services for a fee based on a percentage of your assets under
management. These services include investment analysis, allocation of investments,
quarterly portfolio reports, financial commentaries, and ongoing monitoring of client
portfolios. We primarily allocate client assets among various mutual funds, exchange-
traded funds (“ETFs”), and individual debt (bonds) and equity securities in accordance
with their stated investment objectives.
We will work with you to obtain necessary information regarding your financial condition,
investment objectives, liquidity requirements, risk tolerance, time horizons, and any
restrictions on investing. This information enables us to determine the portfolio best
suited for your investment objective and needs.
In performing our services, we rely on information provided by the client regarding your
current financial situation, any expected changes in your situation, and your desired level
of return and risk tolerance.
Once we have determined the types of investments to be included in your portfolio and
allocated them, we will provide ongoing investment review and management services.
We review your account on a regular basis and rebalance the portfolio, as we deem
appropriate, to meet your financial objectives. We trade these portfolios and rebalance
them based on the combination of our market views and your objectives, using our
investment process. We tailor our advisory services to meet the needs of our clients and
seek to ensure that your portfolio is managed in a manner consistent with those needs
and objectives. You will have the ability to leave standing instructions with us to refrain
from investing in particular industries or invest in limited amounts of securities.
If a non-discretionary relationship is in place, calls will be placed to the client presenting
the recommendation made including a rebalancing recommendation and only upon your
authorization will any action be taken on your behalf.
In all cases, you have a direct and beneficial interest in your securities, rather than an
undivided interest in a pool of securities. We do have limited authority to direct the
Custodian to deduct our investment advisory fees from your accounts, but only with the
appropriate written authorization from you.
Where appropriate, we provide advice about any type of legacy position or other
investment held in client portfolios. Clients will engage us to advise on certain
investment products that are not maintained at their primary custodian, such as variable
life insurance and annuity contracts and assets held in employer sponsored retirement
plans and qualified tuition plans (i.e., 529 plans).
Past performance is not a guarantee of future results. Certain market and economic risks
may exist that adversely affect an account’s performance. This could result in capital losses
in your account.
Financial Planning
Through the Financial Planning process, we strive to engage our clients in conversations
around the family’s goals, objectives, priorities, vision, and legacy – both for the near term
as well as for future generations. With the unique goals and circumstances of each family
in mind, we offer financial planning ideas and strategies to address the client’s holistic
financial picture, including estate,
income tax, charitable, cash flow, wealth transfer and
family legacy objectives. We partner with your other advisors (CPA, Estate Attorney,
Insurance broker, etc.) to ensure a coordinated effort of all parties toward your stated
goals. Such services include various reports on specific goals and objectives or general
investment and/or planning recommendations, guidance on outside assets and periodic
updates.
Our specific services in preparing your plan may include:
• Review and clarification of your financial goals.
• Assessment of your overall financial position including cash flow, balance sheet,
investment strategy, risk management and estate planning.
• Creation of a unique plan for each goal you have including personal and business
real estate, education, retirement or financial independence, charitable giving,
estate planning, business succession and other personal goals.
• Development of a goal-oriented investment plan, with input from various
advisors to our clients around tax suggestions, asset allocation, expenses, risk
and liquidity factors for each goal. This includes IRA and qualified plans, taxable
and trust accounts that require special attention.
• Design of a risk management plan including risk tolerance, risk avoidance,
mitigation and transfer, including liquidity as well as various insurance and
possible company benefits.
• Crafting and implementation of, in conjunction with your estate and/or
corporate attorneys as tax advisor, an estate plan to provide for you and/or your
heirs in the event of an incapacity or death.
A written evaluation of your initial situation or Financial Plan is provided to you. An annual
review will be provided by us, if requested. More frequent reviews occur but are not
necessarily communicated to you unless immediate changes are recommended.
Consulting Services
We also provide clients investment advice on a more-limited basis on one-or-more
isolated areas of concern such as estate planning, real estate, retirement planning, or any
other specific topic. Additionally, we provide advice on non-securities matters about the
rendering of estate planning, insurance, real estate, and/or annuity advice or any other
business advisory / consulting services for equity or debt investments in privately held
businesses. We also assist clients in the development, review, evaluation, and monitoring
of client assets in a retirement plan. We will evaluate a client’s investments and offer
recommendations to the client concerning those assets. We may also provide information
on the underlying investments, the Fund’s managers, capitalization, investment style,
expenses, portfolio composition and other factors relevant to the assets. The advice will
be based solely on information requested by us and (i) provided by Client, or (ii) provided
by the custodian, at Client’s direction, or (iii) made available to consultant through various
third-party data sources. Our Firm shall not be responsible for the accuracy of the
information supplied by the custodian or other third parties or for errors in reports arising
solely from such information. If, as a result of review and analysis, we believe an
investment option should be removed, we may recommend a replacement for
consideration.
Wrap Fee Programs
We generally provide services on a wrap fee basis as a wrap program sponsor. Under our
wrap program, you will receive investment advisory services, the execution of securities
brokerage transactions, custody and reporting services for a single specified fee.
Participation in a wrap program may cost the client more or less than purchasing such
services separately. The terms and conditions of a wrap program engagement are more
fully discussed in our Wrap Fee Program Brochure. Because wrap program transaction fees
and/or commissions are being paid by Peak Planning to the account custodian, we have
an economic incentive to minimize the number of trades in the client's account. This
creates a conflict of interest. We recognize the fiduciary responsibility to act in the client’s
best interest and have established policies in this regard to mitigate any conflict of interest
a wrap fee arrangement may create.
Assets
As of December 31, 2022, we have $229,841,537under discretionary management and
$537,831under non-discretionary management for a total of $230,379,368 under our
firm’s management.