Our firm is dedicated to providing individuals and other types of clients with a wide array of
investment advisory services. Our firm is a limited liability company formed under the laws of the
State of Utah in 2008 and has been in business as an investment adviser since that time. Our firm is
owned by Todd P. McChesney Financial, Inc. (33.33%), RST Consulting, Inc. (33.33%), and Robert M.
Woods Financial, LLC (33.33%).
The purpose of this Brochure is to disclose the conflicts of interest associated with the investment
transactions, compensation and any other matters related to investment decisions made by our firm
or its representatives. As a fiduciary, it is our duty to always act in the client’s best interest. This is
accomplished in part by knowing our client. Our firm has established a service-oriented advisory
practice with open lines of communication for many different types of clients to help meet their
financial goals while remaining sensitive to risk tolerance and time horizons. Working with clients to
understand their investment objectives while educating them about our process, facilitates the kind
of working relationship we value.
Types of Advisory Services Offered
Comprehensive Wealth Management:
Our Comprehensive Wealth Management service encompasses asset management as well as
providing financial planning and/or financial consulting to clients. This service is designed to assist
clients in meeting their financial goals through the use of a financial plan or consultation. Our firm
conducts client meetings to understand their current financial situation, existing resources, financial
goals, tolerance for risk, and any reasonable restrictions they wish to be imposed on the management
of their account(s). Based on what is learned, an investment approach is presented to the client. This
approach may consist of the use of a third-party platform manager on the Osaic Wealth, Inc. Platform
(“Platform Manager”) or the use of a direct third-party money manager (“Asset Manager”) (referred
together herein as “Third-Party Money Manager”).
It is important for clients to understand that all investment advice and trading of securities will only
be offered by or through a Third-Party Money Manager. Our firm will not offer advice on any specific
securities or other investments in connection with this service.
The Third-Party Money Manager we ultimately recommend to the client will invest primarily in
individual stocks, no-load or low-load mutual funds and exchange-traded funds, usually through
discount brokers or fund companies. The Fund companies charge each fund shareholder an investment
management fee that is disclosed in the fund prospectus while the discount brokerages may charge a
transaction fee for the purchase of some funds. Stocks and bonds may be purchased or sold through a
brokerage account for clients by the Third-Party Money Manager when appropriate. The brokerage firm
may charge a fee for stock and bond trades. Clients may also be invested in equities, warrants, corporate
debt securities, commercial paper, certificates of deposit, municipal securities, investment company
securities (variable life insurance, variable annuities, and mutual funds shares), U.S. government
securities, options contracts, ETFs, futures contracts, interests in partnerships, hedge funds and futures.
However, initial public offerings (IPOs) are not available through our firm.
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Prior to referring clients to the Third-Party Money Manager, our firm will conduct initial due diligence
on the Third-Party Money Manager and how they manage their client accounts to ensure it is a good fit.
Following our firm’s referral to the Third-Party Money Manager, clients will be provided with a copy
of the Third-Party Money Manager’s Form ADV documents (e.g., Form ADV 2A, Form ADV 2B, Form
CRS) as well as a solicitation disclosure statement detailing the fees to be paid to both firms and the
Third-Party Money Manager’s privacy policy.
Our firm will periodically review Third-Party Money Manager reports provided to the client at least
annually. Our firm will also contact clients from time to time in order to review their financial
situation and objectives, communicate any changes in information to the Third-Party Money
Manager, as warranted, and assist clients in understanding and evaluating the services provided by
the Third-Party Money
Manager. Clients will be expected to notify our firm of any changes in their
financial situation, investment objectives, or account restrictions that could affect their financial
standing.
Financial Planning & Consulting:
A financial plan may be designed to help the client with all aspects of financial planning without
ongoing investment management after the financial plan is completed.
The financial plan may include, but is not limited to: net worth statement, cash flow statement, review
of investment accounts (including reviewing asset allocation and providing repositioning
recommendations), strategic tax planning, review of retirement accounts and plans including
recommendations, review of insurance policies and recommendations for changes (if necessary), one
or more retirement scenarios, and estate planning review and recommendations.
The scope of work and fee for a Financial Planning Agreement is provided to the client in writing
prior to the start of the relationship.
Retirement Plan Consulting:
Our firm provides retirement plan consulting services to employer plan sponsors on an ongoing
basis. Generally, such consulting services consist of assisting employer plan sponsors in establishing,
monitoring and reviewing their company's participant-directed retirement plan. As the needs of the
plan sponsor dictate, areas of advising could include: investment options, plan structure and
participant education. Retirement Plan Consulting services typically include:
• Establishing an Investment Policy Statement – Our firm will assist in the development of a
statement that summarizes the investment goals and objectives along with the broad
strategies to be employed to meet the objectives.
• Investment Options – Our firm will work with the Plan Sponsor to evaluate existing
investment options and make recommendations for appropriate changes.
• Asset Allocation and Portfolio Construction – Our firm will develop strategic asset allocation
models to aid Participants in developing strategies to meet their investment objectives, time
horizon, financial situation and tolerance for risk.
• Investment Monitoring – Our firm will monitor the performance of the investments and
notify the client in the event of over/underperformance and in times of market volatility.
In providing services for retirement plan consulting, our firm does not provide any advisory services
with respect to the following types of assets: employer securities, real estate (excluding real estate
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funds and publicly traded REITS), participant loans, non-publicly traded securities or assets, other
illiquid investments, or brokerage window programs (collectively, “Excluded Assets”). All retirement
plan consulting services shall be in compliance with the applicable state laws regulating retirement
consulting services. This applies to client accounts that are retirement or other employee benefit
plans (“Plan”) governed by the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”). If the client accounts are part of a Plan, and our firm accepts appointment to provide
services to such accounts, our firm acknowledges its fiduciary standard within the meaning of Section
3(21) or 3(38) of ERISA as designated by the Retirement Plan Consulting Agreement with respect to
the provision of services described therein.
Tailoring of Advisory Services
Our firm offers general investment advice to our Comprehensive Wealth Management, Financial
Planning & Consulting, and Retirement Plan Consulting clients.
On more than an occasional basis, Ashworth Wealth, LLC furnishes advice to clients on matters not
involving securities, such as financial planning matters, taxation issues, and trust services that often
include estate planning.
Each Comprehensive Wealth Management client has the opportunity to place reasonable restrictions
on the types of investments to be held in the portfolio. Restrictions on investments in certain securities
or types of securities may not be possible due to the level of difficulty this would entail in managing
the account.
Participation in Wrap Fee Programs
Our firm does not offer or sponsor a wrap fee program.
Regulatory Assets Under Management
Our firm manages $0 on a discretionary basis and $287,956,383 on a non-discretionary basis as of
December 31, 2023.