A. Our advisory business and our principal owner(s):
Leap Wealth management has been in business since 2010 and is wholly owned by Christopher Allen
Leap and Trey Taylor. Our firm is a limited liability company formed in the State of Texas. We provide
investment management Services to individuals and other types of clients.
B. Description of the advisory services we offer:
(i) Investment Management - Wrap Fee Program:
Leap Wealth management provides investment management services through the Leap Wealth
Management wrap fee program. Please refer to the Leap Wealth Management ADV Part2 Wrap Fee
Brochure Appendix 1 for a complete description of services.
(ii) Financial Consulting:
Financial consulting services include one or more of the following subjects: Investment Planning,
Retirement Planning, Estate Planning, Charitable Planning, Education Planning, Corporate and
Personal Tax Planning, Cost Segregation Study, Corporate Structure, Real Estate Analysis,
Mortgage/Debt Analysis, Insurance Analysis, Lines of Credit Evaluation, and Business and Personal
Financial Planning.
(iii) Retirement Planning:
Leap Wealth Management provides retirement planning services to employer plan sponsors.
Retirement planning services involve assisting employer plan sponsors in establishing, monitoring and
reviewing their company's participant-directed retirement plan(s).
(iv) ERISA Fiduciary:
Leap Wealth Management understands and attests that they may at times serve as investment adviser
to an ERISA fiduciary as defined in the Employee Retirement Income Security Act of 1974 and the
Internal Revenue Code of 1986.
Leap Wealth Management may act as a discretionary investment manager of any Plan as defined in
Section 3(38) of the Employee Retirement Income Security Act of 1974. Leap Wealth Management
may act as a non-discretionary investment manager of any Plan as defined in Section 3(21) of the
Employee Retirement Income Security Act of 1974.
(v) IRA Rollover Recommendations:
The Adviser in complying with the Department of Labor (“DOL”) Prohibited Transaction Exemption
2020-02 (“PTE 2020-02”) where applicable, is providing the following acknowledgment:
When the Adviser provides investment advice to individuals regarding a retirement plan account or
individual retirement account, the firm is deemed a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are
laws governing retirement accounts. The way the Adviser makes money creates potential conflicts with
a client’s interest. Therefore, the Adviser operates under a special rule which requires the firm to act in
a client’s best interest and not put the Adviser’s interest ahead of the client. Under this special rule’s
provisions, the Adviser must:
• Meet a professional standard of care when making investment recommendations
(give prudent advice);
• Never put the Adviser’s financial interests ahead of a client when making
recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees and investments;
• Follow policies and procedures designed to ensure advice given is in the client’s
best interest;
• Charge no more than is reasonable for services; and
• Provide basic information about conflicts of interest.
The Adviser benefits financially from the rollover of a client’s assets from a retirement account to an
account managed by the firm. This is a primary conflict of interest because when the Adviser provides
investment advice, the assets increase the firm assets under management and, in turn,
advisory fees.
To meet the fiduciary responsibility the Adviser only recommends a rollover when it is deemed in the
client’s best interest.
C. Third Party Money Manager Services:
Leap Wealth Management may assist clients in identifying a third-party money manager. We provide
due diligence to third-party money managers and ongoing reviews of their management of your
account.
In selecting third party money managers, we gather information from each client about their financial
situation, investment objectives, and reasonable restrictions they might impose on the management of
the account. Leap Wealth Management does not offer advice on individual securities or other
investments in connection with the Third-Party Money Manager service.
D. Actively Managed Investment Portfolios:
Additionally, we offer access to an actively managed investment portfolio of independent investment
managers and or investment programs (collectively “Independent Managers”). For all programs, Leap
Wealth Management compiles pertinent financial and demographic information to develop an
investment program that will meet clients’ goals and objectives. Utilizing the platform tools, clients’
assets will be allocated among the different options in the program and determine the suitability of the
asset allocation and investment options for each client, based on the clients’ needs and objectives,
investment time horizon, risk tolerance and any other pertinent factors. Unlike a mutual fund, where the
funds are commingled, a separately managed account is a portfolio of individually owned securities
and/or digital assets that can be tailored to fit the client’s investing preferences. For clients selecting
Independent Managers, each client authorizes us to hire and delegate the active discretionary
management of all or part of the assets to one or more Independent Managers based upon stated
investment objectives without prior consultation with you and without your prior consent. The
Independent Managers will have limited power-of- attorney and trading authority over those Assets we
direct to them for management. They will be authorized to buy, sell and trade in accordance with your
investment needs and to give instructions, related to their authority, to the broker-dealer and the
custodian of your Assets. Such Independent Managers shall have authority to further delegate such
discretionary investment authority to additional Investment Managers on terms deemed appropriate.
E. Explanation of whether (and, if so, how) we tailor our advisory services to the individual needs of
clients, whether clients may impose restrictions on investing in certain securities or types of securities:
(i) Individual Tailoring of Advice to Clients:
We offer individualized investment advice to clients utilizing our Asset Management service.
Additionally, we offer general investment advice to clients utilizing our Financial Planning and
Consulting services. This advice may include providing estate planning guidance through a third party
service including but not limited to gathering information to create a new plan or review, or if warranted
update an existing plan. Fees associated with this service are disclosed in Item 5, Fees &
Compensation.
(ii) Ability of Clients to Impose Restrictions on Investing in Certain Securities or Types of Securities:
We usually allow clients to impose restrictions on investing in certain securities or types of securities.
F. Disclosure of Regulatory Assets Under Management
We managed approximately $200,095,748 on a discretionary basis and $3,695,474 on a non-
discretionary basis as of December 31, 2022.