Firm Description
SWM was founded in 2011.
SWM provides personalized and confidential financial planning and wealth management to
individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small
businesses. Advice is provided through consultation with the client and may include determination
of financial objectives, identification of financial problems, cash flow management, tax planning,
insurance reviews, wealth management, education funding, retirement planning, and estate
planning.
SWM is a fee-only wealth management firm. For all fee-only accounts, financial planning is
included at no cost to the client. For all prospective fee-only clients, financial planning is included
at no cost to the prospect. It is SWM’s standard practice to furnish a financial plan for all current
and prospective clients, unless the current or prospective client has opted to not complete the
financial planning process. The completion of a financial plan is at the discretion of the current or
prospective client, but it is highly encouraged by SWM.
There are no known conflicts of interest for providing a financial plan at no cost. SWM will seek to
provide clients with the best service and care. SWM will always work in the best interest of
SWM’s clients, both current and prospective.
The firm is not affiliated with entities that sell financial products or securities. No commissions or
finders’ fees in any form are accepted for financial planning and wealth management.
Investment advice is an integral part of financial planning. In addition, SWM advises clients
regarding cash flow, college planning, retirement planning, tax planning and estate planning.
Investment advice is provided, with SWM making the final decision on investment selection. SWM
will provide general advice around cryptocurrencies and the risks associated with them but does not
have the ability to invest client money in cryptocurrencies. SWM does not act as a custodian of
client assets. The client always maintains asset control. SWM places trades for clients under a
limited power of attorney.
A written evaluation of each client's initial situation is provided to the client, often in the form of an
Investment Policy Statement. Periodic reviews are also communicated to provide reminders of the
specific courses of action that need to be taken. More frequent reviews occur but are not
necessarily communicated to the client unless immediate changes are recommended.
Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by the
client on an as-needed basis. Conflicts of interest will be disclosed to the
client in the unlikely
event they should occur.
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The initial meeting, which may be by telephone, is free of charge and is considered an exploratory
interview to determine the extent to which financial planning and wealth management may be
beneficial to the client.
SWM has 7 employees, 5 of which provide investment advisory functions. These 5 employees are
registered with one or more state securities authorities as investment adviser representatives.
99% of clients of SWM are United States persons, with 1% being outside the United States.
Principal Owners
David J. Sculati is the sole member of the LLC.
Types of Advisory Services
SWM provides investment supervisory services, also known as asset management services and
furnishes investment advice through consultations.
On more than an occasional basis, SWM furnishes advice to clients on matters not involving
securities.
For Example: Financial planning matters; taxation issues; trust services that include estate
planning, etc.
Tailored Relationships
The goals and objectives for each client are documented in our Investment Policy Statements for
each client. Investment policy statements are created that reflect the stated goals and objective.
Generally, these Investment Policy Statements are based around the Client’s financial plan. Clients
may impose restrictions on investing in certain securities or types of securities.
Agreements may only be assigned with client consent.
Wrap Fee Programs
SWM does not participate in wrap fee programs.
Investment advice limitations & client asset reporting
SWM does not provide investment advice only with respect to limited types of investments. All client
assets that are reported are calculated using the same method.
Separately managed accounts
As of 12/31/2023, SWM manages total assets of $293,569,198 with total clients of 433. Of this total, the
value of $130,971,466 belongs to 308 individual clients, $159,417,282 to 123 high net worth clients, and
$3,180,450 to 2 charitable foundations.
Marketing Activities
SWM does not have any advertisements that include any of the following: performance results, references
to specific investment advice provided by SWM, testimonials, endorsements or third-party ratings.
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Assets Managed
Client regulatory assets under management for SWM as of December 31, 2023 are as follows:
Type of Management US Dollar Amount
Discretionary: $293,569,198
Non-Discretionary: $0
Total: $293,569,198