Omega Wealth Management, LLC (hereafter “OWM” or “we”) is a Virginia limited
liability corporation and a registered investment adviser with the U.S. Securities and
Exchange Commission and has its principal place of business in Arlington, Virginia. Our
firm has been in business since 1999. The firm is owned and managed by Lisa A.
Kirchenbauer, President and shareholder.
As of December 31, 2023, OWM was managing $253,337,284 of client assets:
$184,711,813 on a non-discretionary basis and $68,625,471 on a discretionary basis.
OWM offers the following advisory services, where appropriate, to individuals, trusts,
estates, corporations, and other business entities.
Ongoing Life/Wealth Planning
OWM's business mission is to advise and guide clients in implementing appropriate
financial and life planning strategies so that they can maximize their financial capacity to
achieve their life and wealth goals.
To accomplish this mission, Omega Wealth Management:
1. leads clients through a formal process to identify their most significant life
and wealth goals,
2. assesses the financial opportunities, obligations, and threats faced by each
client,
3. educates the client about their financial concerns,
4. coordinates action by the client and appropriate professionals (e.g. portfolio
managers, lawyers, accountants, bankers, insurance agents, brokers, book-
keepers) to take care of those concerns.
In general, OWM gathers required information through in-depth client interviews and
coordination with client’s advisors. In addition to the in-depth interviews, OWM utilizes
various assessments such as Kolbe and Nitrogen to better understand the client’s risk
tolerance and how to best work with the client. Information gathered includes a client's
current financial status, future goals and attitudes towards risk, as well as the following
areas of concern:
Personal: Family records, budgeting, personal liability, estate information and financial
goals.
Tax & Cash Flow: Income tax and spending analysis and planning for past, current and
future years. OWM will illustrate the impact of various investments on a client's current
income tax and future tax liability.
Education Funding: Assessing expected needs for private, college and graduate school
costs. Determining best funding strategies and related issues that may impact funding
such as insurance planning.
Investment Risk: Completion of a questionnaire and computer analysis to provide
guidance as to clients' attitude and tolerance for investment risk.
Insurance Risk Management: Analysis of areas of risk to a client's financial situation in
case of death, disability or the need for long-term care in addition to a general review of
their property and casualty coverage.
Retirement: Analysis of current strategies and investment plans to help the client achieve
his or her retirement goals.
Estate Planning: Review the client’s current estate planning documents. Determine
current and recommended titling and beneficiary designations based on client’s
preferences and needs.
Portfolio Monitoring: Assisting in the establishment of custodial accounts and investment
management relationships not provided by OWM, review and monitoring of investments
relative to the client's overall investment strategy and appropriate benchmarks, and the
effect of those accounts on a client's overall financial situation.
Financial Life Planning Issues and Advice: A main focus of OWM is to provide financial
education and coaching on life planning issues and concerns. Advice and planning
analysis on various financial and life planning issues includes business, financial and life
transitions.
Though OWM will support and coordinate action by the client regarding these concerns,
implementation of the appropriate financial strategies depends upon the client taking
action and is entirely at the client's discretion. Recommendations are not limited to any
specific product or service offered by a broker-dealer or insurance company.
Limited Term Advisory Services
Transition Planning Service: OWM offers two six month Transition Planning
engagements; career transition planning and general transition planning which includes
inheritance, divorce, death of loved one or other significant life changing events. The
Transition Planning Service provides analysis and coaching using several assessments
such as Kolbe and StrengthsFinder to determine your "best fits" from a career/job
perspective, review of risk tolerance using the Nitrogen risk tolerance profiling system, a
written financial / life plan, and assistance with coordination of your advisors'
(accountant, attorney, etc.)
Pro Bono Service: In an effort to create opportunity and success for people who may
not be able to take advantage of our fee based services, OWM offers a one time, general
planning meeting to qualified individuals and couples and to our clients' young adult
children and lower income parents. To qualify income must be under $65,000 for
couples and $40,000 for individuals.
Investment Management Services
In conjunction with its Life/Wealth Planning service, OWM provides investment advice
to clients using a goals-based investment philosophy. Through personal discussions
which identify client’s goals and objectives, OWM creates and manages portfolios based
fundamentally on the time horizon for each goal, investment objective (capital
appreciation, growth, income, or growth and income), the client’s risk tolerance and tax
bracket. The tool used to measure risk tolerance is the Nitrogen Risk Profiling
Assessment. Preservation of and prudent long-term growth of capital is at the heart of
our approach; market timing is not.
OWM works with its clients to select appropriate investment strategies that support their
goals, risk tolerance and tax considerations. Our advice is generally limited to exchange-
listed securities, mutual fund shares and bonds (e.g., United States governmental
securities, corporate debt securities, and municipal securities.)
OWM will manage these advisory accounts on a discretionary or non-discretionary basis.
Clients will have the opportunity to place reasonable restrictions on the types of
investments which will be made on their behalf and will retain individual ownership of
all securities.
OWM Mutual Fund Models
Clients may choose to invest in one of 4 Tax-Managed or 4 Non Tax-Managed Socially
Responsible Investment (“SRI”) portfolios which are based on the general investment
philosophy described above. These SRI Models are structured to maintain a diversified
portfolio of stock, bond, alternative and cash mutual funds which support a broad array of
Environmentally Sustainable Governance principles and are rebalanced to the original
allotted allocations annually. The SRI Models in each of the Tax-Managed and Non Tax-
Managed portfolios include four risk profile categories (Conservative, Moderate, Market
Growth and Aggressive).
OWM will manage these SRI Models on a non-discretionary basis with limited time and
price discretion for purposes of periodic rebalancing, additions and withdrawals within
the mutual funds of the OWM SRI Models selected by the client.
SEI Management Program
OWM offers clients access to asset allocation portfolios and managed account solutions
available through selected programs offered by SEI Investments Management
Corporation ("SIMC"), a federally registered investment adviser. Account services are
divided between SEI and OWM. Under these programs, each client enters into a tri-party
agreement with OWM and SIMC which sets forth the terms under which the clients
designated assets will be managed. SIMC constructs portfolios of SEI Funds using
quantitative and qualitative analyses, and continuously monitors the portfolios,
rebalancing and/or reallocating when deemed necessary.
The services that OWM provides in connection with all SIMC programs generally
include the following:
1. Collecting information about clients and assisting them in selecting the
appropriate program and in designating assets to be managed;
2. Assisting client in determining their investment objectives, investment time
horizons, and risk profiles;
3. Assisting clients in selecting an asset allocation policy within the parameters of
the program selected;
4. Making investment recommendations consistent with the asset allocation policy
5. On-going monitoring of the client's portfolio and recommending changes to the
investment strategy as warranted; and
6. Serving as primary client contact, including periodically conferring with clients
about their accounts and responding to client inquiries.
A brief description of each program is as follows. For more information about the
programs generally, about SIMC, and about the fees SIMC charges in connection with
the programs see SIMC's Form ADV, Part 2 Firm Brochure or the applicable program
wrap fee brochure.
Managed Account Program (including ETF portfolios): The Managed Account
Program is a wrap fee program which charges a bundled fee that includes advisory,
brokerage and custody services. In this program, OWM and the Client select an
investment strategy ("Strategy") which is then submitted and reviewed by an SIMC
Investment Adviser Representative. Using the Strategy, SIMC may invest client assets in
mutual funds advised or administered by SIMC or its affiliates ("SEI Funds"); or in
outside money managers ("Sub Advisers") hired by SIMC may invest client assets in
individual securities. Client accounts may invest in a combination of individual securities
and SEI Funds. The Managed Account Program offers a tax-management feature called
("IMAP") under which SIMC selects one sub-adviser to serve as tax manager for the
account. SIMC charges an additional fee for this service. Through the Managed Accounts
Program, clients can utilize the SEI Tactical and Tax-Managed ETF Strategies.
Private Client Model Program: In this program, OWM and the Client select an
investment strategy and choose from one of many mutual fund asset allocation models,
which may be provided by SEI Investments Management Corporation ("SIMC"), or
purchase the individual mutual funds.
The Client, through OWM using limited time and price discretion, may adjust their asset
allocation to help ensure that the mix reflects the objectives of their chosen strategy.
Investment options include SEI's Managed Account Program, Private Client Models and
may also include individual mutual funds. SIMC expects to make changes to the Private
Client Models periodically. Upon consent from OWM (on behalf of the client), the asset
allocation changes will be made to the client's accounts.
Consulting Services
Under exceptional circumstances only, clients may also receive advisory services on a
more limited basis. This may include advice on only an isolated area(s) of concern such
as estate planning, retirement planning, or any other specific topic. OWM also provides
specific consultation and administrative services regarding investment and financial
concerns of the client. Additionally, OWM provides advice on non-securities matters.
Generally, this is in connection with estate planning, insurance, and/or annuity advice.
Seminars, Workshops, and Public Speaking
OWM staff members may, from time to time, be engaged to present workshops, seminars
or speak publicly on a range of topics including financial life planning, traditional
financial planning and investments. They may be compensated for their time, travel costs
and cost of materials. They may also charge a fee for participation in the program or
receive a portion of any fee paid by participants.
OWM staff members will not provide specific investment advice to any participants as
part of the public presentation. Specific advice can only be provided through the regular
individual OWM advisory services.