A. Description of the Advisory Firm
Tranquility Partners, LLC (hereinafter “Tranquility Partners”) is a Limited Liability
Company organized in the State of Tennessee and, effective May 2018, became a
Registered Investment Adviser with the United States Securities and Exchange
Commission
The firm was formed in October 2015, and the principal owners are James Golladay Baker
III and John Kerstan Crawford.
Tranquility Partners currently utilizes both Charles Schwab & Co., Inc. Advisor Services
(“Schwab”)and
Fidelity Brokerage Services LLC (“Fidelity) as custodians for client
assets.
B. Types of Advisory Services
Wealth Management Services
Tranquility Partners offers ongoing portfolio management services based on the
individual goals, objectives, time horizon, and risk tolerance of each client. Tranquility
Partners creates an Investment Policy Statement for each client, which outlines the client’s
current situation (income, tax levels, and risk tolerance levels). Wealth management
services include, but are not limited to, the following:
• Investment strategy • Personal investment policy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
Tranquility Partners evaluates the current investments of each client with respect to their
risk tolerance levels and time horizon. Tranquility Partners will request discretionary
authority from clients in order to select securities and execute transactions without
permission from the client prior to each transaction. Risk tolerance levels are documented
in the Investment Policy Statement, which is given to each client.
Tranquility Partners seeks to provide that investment decisions are made in accordance
with the fiduciary duties owed to its accounts and without consideration of Tranquility
Partners’ economic, investment or other financial interests. To meet its fiduciary
obligations, Tranquility Partners attempts to avoid, among other things, investment or
trading practices that systematically advantage or disadvantage certain client portfolios,
and accordingly, Tranquility Partners’ policy is to seek fair and equitable allocation of
investment opportunities/transactions among its clients to avoid favoring one client over
another over time. It is Tranquility Partners’ policy to allocate investment opportunities
and transactions it identifies as being appropriate and prudent, including initial public
offerings ("IPOs") and other investment opportunities that might have a limited supply,
among its clients on a fair and equitable basis over time.
Family Office Services Fees
Tranquility Partners offers ongoing family office services. This includes: ongoing
comprehensive financial planning; cash flow analysis; asset /investment analysis and
monitoring; customized comprehensive reporting for all assets, assist in development and
execution
of wealth transition strategies; implementing charitable initiatives; and
coordination with outside advisers to fully integrate estate, tax and investment strategies.
Selection and Use of Other Advisers
Tranquility Partners may recommend clients use third-party investment advisers (“Sub-
advisers”) which are approved by either or both of its principal custodians, Fidelity and
Schwab. Tranquility Partners does not receive any compensation from the Sub-advisers
to which it directs those clients and each client establishes a separate investment advisory
arrangement with each Sub-adviser.
Before recommending such Sub-advisers for clients, Tranquility Partners will verify with
the respective custodian that all such Sub-advisers are properly licensed, notice filed, or
exempt in the states where Tranquility Partners is recommending the adviser to clients.
Tranquility Partners currently recommends the following firms as Sub-advisers for its
clients:
• 1919 Investment Counsel
• Alliance Bernstein
• BlackRock
• Columbia Threadneedle
• Lord Abbett
• Lazard
• Neuberger Berman
Services Limited to Specific Types of Investments
Tranquility Partners generally limits its investment advice to mutual funds, fixed income
securities, real estate funds (including REITs), insurance products including annuities,
equities, ETFs (including ETFs in the gold and precious metal sectors), treasury inflation
protected/inflation linked bonds, non-U.S. securities, venture capital funds and private
placements. Tranquility Partners may use other securities as well to help diversify a
client’s portfolio when applicable.
C. Client Tailored Services and Client Imposed Restrictions
Tranquility Partners offers the same suite of services to all of its clients. However, specific
client investment strategies and their implementation are dependent upon the client
Investment Policy Statement which outlines each client’s current situation (income, tax
levels, investment constraints, and risk tolerance levels). Clients may impose restrictions
in investing in certain securities or types of securities in accordance with their values or
beliefs. However, if the restrictions prevent Tranquility Partners from properly servicing
the client account, or if the restrictions would require Tranquility Partners to deviate from
its standard suite of services, Tranquility Partners reserves the right to end the
relationship.
D. Wrap Fee Programs
A wrap fee program is an investment program where the investor pays one stated fee that
includes management fees, transaction costs, fund expenses, and other administrative
fees. Tranquility Partners does not participate in any wrap fee programs.
E. Assets Under Management
Tranquility Partners has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$498,316,354 $16,704,484 November 2023