A. Describe Your Advisory Firm
Retirement Wellness Group, LLC (hereinafter “RWG” or the “firm”) was established in May 2018. RWG is
owned by Go For Broke Consulting, LLC (hereinafter “GFBC”) and Beau Knows Retirement Consulting, LLC
(hereinafter “BKRC”). Schuyler Mann , is the primary owner of GFBC. Beau D’Silva is the owner of BKRC. RWG
is an investment adviser registered with the Securities and Exchange Commission under the Investment
Advisers Act of 1940, as amended.
This Brochure is offered to potential and existing clients to provide an understanding of the services RWG
provides, potential conflicts of interest and the experience and education of certain RWG personnel.
Individuals associated with RWG will be involved with providing services to its clients. These individuals are
appropriately licensed, qualified, and authorized to provide advisory services on behalf of RWG and are known
as Investment Adviser Representatives (“IARs”).
Please contact Schuyler Mann, Chief Compliance Officer, if you have any questions about this Brochure.
Additional information about RWG is available on the Internet at
www.adviserinfo.sec.gov. You can search
this site by a unique identifying number, known as a CRD number. The CRD number for RWG is 297255.
RWG advisory business includes financial consulting services, and advisory services to retirement plans and
plan participants.
B. Describe the Types of Retirement Plan Services Offered
RWG offers the following types of services to employer-sponsored retirement plans (i.e., plan sponsors) and
their participants:
Retirement Plan Consulting Services
Nondiscretionary Investment Advisory Services
Discretionary Investment Management Services
Depending on the type of the Plan and the specific arrangement with the Sponsor, we may provide one or
more of these services. Prior to being engaged by the Sponsor, we will provide a copy of this Form ADV Part 2
along with a copy of our Privacy Policy and Advisory Services Agreement ("Agreement") that contains the
information required under Sec. 408(b)(2) of the Employee Retirement Income Security Act ("ERISA") as
applicable.
Generally, these services are designed to assist plan administrators (i.e., a person or person(s) designated by
the employer as having discretionary authority or control over the management of the plan) meet their
fiduciary obligation to administer the plan in the best interests of the participants and their beneficiaries. A
description of the different types of retirement plan services offered by RWG appears below.
1. Retirement Plan Consulting Services
Retirement Plan Consulting Services may only be performed so that they would not be considered
“investment advice” under the Employee Retirement Income Securities Act of 1974 (ERISA).
Administrative Support
Assist Sponsor in reviewing objectives and options available through the plan
Review plan committee structure and administrative policies/procedures
Recommend participant education and communication policies under ERISA 404(c)
Assist with development/maintenance of fiduciary audit file and document retention policies
Deliver fiduciary training periodically or upon reasonable request
Coordinate and reconcile participant disclosures under 404(a)(5)
Recommend procedures for responding to participant requests
Oversight of Relationship with Service Provider
Assist fiduciaries with a process to select, monitor and replace service providers
Assist fiduciaries with review of Covered Service Providers (“CSP”) and fee benchmarking
Provide reports and/or information designed to assist fiduciaries with monitoring CSPs
Assist with use of ERISA Spending Accounts or Plan Expense Recapture Accounts (PERA)
Assist with preparation and review of Requests for Proposals (RFPs) and/or Information (RFI)
Coordinate and assist with CSP replacement and conversion
Investments
Periodic review of investment policy in the context of plan objectives
Assist the plan committee with monitoring investment performance
Assist with Designated Investment Managers (DIMs) and/or third-party advice providers as
necessary
Educate plan committee members, as needed, regarding replacement of Designated
Investment Alternatives (DIA) and/or Qualified Default Investment Alternatives (QDIA)
Participant Services
Certain participant services may be sub-contracted to our affiliate, Bridge Advisory LLC (hereinafter
referred to as “Bridge”) (see Item 10). Under this relationship, Bridge’s Investment Advisory
Representatives provide periodic one-on-one point-in-time advice to plan participants.
Facilitate group enrollment meetings
Coordinate employee education regarding plan investments and fees
Assist plan participants in understanding plan benefits, retirement readiness and impact of
increasing deferrals
2. Non-Discretionary Investment Advisory Services
These services are designed to allow the Sponsor (or Participant) to retain full discretionary authority
or control over assets of the Plan. When performing these services RWG will solely be making
recommendations to the Plan Sponsor (or Participant). RWG will perform these investment advisory
services to the Plan (or Participant) as a fiduciary defined under ERISA Section 3(21) and will act with
the degree of diligence, care and skill that a prudent person rendering similar services would exercise
under similar circumstances.
Investment Policy Statement (IPS)
RWG will review with Sponsor the investment objectives, risk tolerance and goals of the Plan.
If the Plan does not have an IPS, RWG will provide recommendations to Sponsor to assist with
establishing an IPS.
Designated Investment Alternatives (DIA)
Based on the Plan’s IPS, RWG will review the investment options available to the Plan and will
make recommendations to assist Sponsor with selecting, monitoring and/or replacing DIAs to
be offered to Plan participants.
Model Asset Allocation Portfolios (Models)
Based on the Plan’s IPS or other investment guidelines established by the Plan, RWG will
review the DIAs available to the Plan and will make recommendations to assist Sponsor with
creating, monitoring and/or replacing risk-based Models comprised solely among the Plan’s
DIAs.
Qualified Default Investment Alternative (QDIA)
Based on the Plan’s IPS or other guidelines established by the Plan, RWG will review the
investment options available to the Plan and will make recommendations to assist Sponsor
with selecting, monitoring and/or replacing the plan’s QDIA(s).
Participant Investment Advice
RWG or its affiliate, Bridge, will meet with Plan participants, periodically and upon reasonable
request, to collect information necessary to identify the participant’s individual investment
objectives, risk tolerance, time horizon, etc. Based on each participant’s Profile, Advisor will
provide point-in-time recommendations to assist with the investment of his/her individual
Plan account among one or more of the Plan’s DIAs or Models, if available. The participant
retains sole discretion over the investment of their account.
Advice Regarding Investment of the Trust Fund
Based on the Plan's IPS, Advisor will review the investment options available to the Plan and
will make recommendations to assist Sponsor with selecting investments that meet the IPS
criteria. Once Sponsor selects the investment(s), Advisor will, on a periodic basis and/or upon
reasonable request, provide reports and information to assist Sponsor with monitoring the
investment(s). If the IPS criteria require any investment(s) to be replaced, Advisor will provide
recommendations to assist Sponsor with replacing the investment(s).
3. Discretionary Investment Management Services
These services are designed to allow the Plan fiduciary to delegate responsibility for managing,
acquiring and disposing of Plan assets that meet the requirements of the Employee Retirement
Income Security Act of 1974 ("ERISA"). We will perform these investment management services
through our IARs and charge fees as described in this Form ADV and the Agreement. If the Plan is
subject to ERISA, we will perform these services as an “investment manager” as defined under ERISA
Section 3(38) and as a “fiduciary” to the Plan as defined under ERISA Section 3(21). Specifically, the
Sponsor may determine that we perform the following services:
Selection, Monitoring
and Replacement of DIA
RWG will review with Sponsor the investment objectives, risk tolerance and goals of the Plan
and provide to Sponsor an IPS that contains criteria from which Advisor will select, monitor
and replace the Plan’s DIAs. Once approved by Sponsor, RWG will review the investment
options available to the Plan and will select, monitor and/or replace any DIA(s) that no longer
meet the IPS criteria.
Creation and Maintenance of Models
RWG will review with Sponsor the investment objectives, risk tolerance and goals of the Plan
and provide to Sponsor an IPS or other documentation that contains criteria from which RWG
will select, monitor and replace the Plan’s Models. RWG will create a series of risk-based
Models comprised solely among the Plan’s DIAs; and, on a periodic basis and/or upon
reasonable request, Advisor will reallocate and rebalance the Models in accordance with the
IPS or other guidelines approved by Sponsor.
Selection, Monitoring and Replacement of QDIA
RWG will review with Sponsor the investment objectives, risk tolerance and goals of the Plan
and provide to Sponsor an IPS or other guidelines that contains criteria from which RWG will
select, monitor and replace the Plan’s QDIA(s). Once Sponsor confirms the Plan’s desired QDIA
type, RWG will select, monitor and replace the QDIA(s) in accordance with the IPS or other
guidelines approved by Sponsor.
Management of Trust Fund
Advisor will review with Sponsor the investment objectives, risk tolerance and goals of the
Plan and provide to Sponsor an IPS that contains criteria from which Advisor will select,
monitor and replace the Plan's investments. Once approved by Sponsor, Advisor will review
the investment options available to the Plan and will select the Plan's investments in
accordance with the criteria set forth in the IPS. On a periodic basis, Advisor will monitor and
evaluate the investments and replace any investment(s) that no longer meet the IPS criteria.
C. Potential Additional Retirement Services Provided Outside of the Agreement
In providing Retirement Plan Services, RWG or its affiliates and their IARs may establish a client relationship
with one or more Plan participants or beneficiaries. Such client relationships develop in various ways,
including, without limitation:
1. as a result of a decision by the Plan participant or beneficiary to purchase services from RWG or its
affiliates not involving the use of Plan assets;
2. as part of an individual or family financial plan for which any specific recommendations concerning
the allocation of assets or investment recommendations relating to assets held outside of the Plan; or
3. through a rollover of an Individual Retirement Account ("IRA Rollover").
If RWG is providing Retirement Plan Services to a plan, IARs may, when requested by a Plan participant or
beneficiary, arrange to provide services to that participant or beneficiary through a separate agreement. If a
Plan participant or beneficiary desires to affect an IRA Rollover from the Plan to an account advised or
managed by RWG or its affiliates, IARs will have a conflict of interest if his/her fees are reasonably expected
to be higher than those paid to RWG or its affiliates in connection with the Retirement Plan Services. IARs will
disclose relevant information about the applicable fees charged by RWG or its affiliates prior to opening an
IRA account. Any decision to affect the rollover or about what to do with the rollover assets remain that of
the Plan participant or beneficiary alone.
In providing these optional services, we may offer employers and employees information on other financial
and retirement products or services offered by RWG or its affiliates and our IARs.
When we provide non-discretionary investment advice to you regarding your retirement plan account or
individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement
Income Securities Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws
governing retirement accounts. The receipt of our advisory fee for making a recommendation creates a
conflict of interest under ERISA/IRC with your interests, so we operate under a special rule that requires us to
act in your best interest and not put our interest ahead of yours. For example, if we recommend that you
rollover assets from one retirement account to another and we will receive increased compensation as a result
of that recommendation, we have a conflict that requires us to operate under this special rule.
D. General Information about Retirement Plan Services Provided to Retirement Plans and Participants
Advisory services provided to retirement plans and their participants may be solely provided by Investment
Advisory Representatives of RWG or in combination with Affiliates and other third parties (e.g., third-party
administrators and recordkeepers). RWG shall never have custody of any client funds or securities, as the
services of an independent qualified custodian will be used for these asset management services.
The services provided to any retirement plan sponsor may vary based on plan type (i.e., participant-directed
or trustee-directed plan), plan features (i.e., automatic enrollment of participants) and the specific needs of
the plan sponsor, participants and their beneficiaries.
E. Wealth Management Services
Wealth Management Services encompasses investment management services and financial planning, whereby
RWG provides continuous advice to individual clients based on the individual needs of each client. A client's
particular circumstances are established through personal discussions in which goals and objectives help to
develop a client’s personal investment plan with an asset allocation target and create and manage a portfolio
based on that policy and allocation targets. We will also review and discuss a client’s prior investment history,
as well as family composition and background. Account supervision is guided by the stated objectives of the
Client (e.g., maximum capital appreciation, growth, income, or growth, and income), as well as risk tolerance
and tax considerations.
We primarily advise our clients regarding investments in stocks, bonds, mutual funds, ETFs, U.S. government and
municipal securities, and cash and cash equivalents. We may also provide advice regarding investments held in
client’s portfolio at the inception of our advisory relationship and/or other investment types not listed above, at
the Client’s request.
When we provide investment management services, Clients grant us limited authority to buy and sell securities
on either a discretionary basis or non-discretionary basis. More information on our trading authority is
explained in Item 16 of this Brochure. Clients may impose reasonable restrictions on investing in certain
securities, types of securities, or industry sectors.
When suitable and at the client’s election, RWG may also provide the Client with a financial plan. A Client will
be taken through establishing their goals and values around money. Clients will be required to provide
pertinent information to help complete the following areas of analysis: net worth, cash flow, insurance, credit
scores/reports, employee benefits, retirement planning, insurance, investments, college planning, and estate
planning. Once the Client's information is reviewed, their plan will be built and analyzed, and then the findings,
analysis and potential changes to their current situation will be reviewed with the Client. Clients will receive a
detailed financial plan designed to help achieve Client’s stated financial goals and objectives. The plan and the
Client's financial situation and goals will be monitored throughout the year.
F. Individually Tailored Services
When providing investment fiduciary services, we will tailor our advice or (if applicable) discretion to meet
the investment policies or other written guidelines adopted by the Sponsor. When providing Participant
Investment Advice, such advice will be based upon the investment objectives, risk tolerance and investment
time horizon of each individual Plan participant.
G. Assets Under Advisement
RWG serves as a large investment advisor and pension consultant with respect to assets of plans having an
aggregate value of $442,386,420. Included in this total are $145,302,784 assets under management (AUM)
which represents plans which we act as a 3(38) advisor.
Assets under advisement, which include plans where we only serve in a 3(21) capacity are $297,083,636.