Description of Advisory Firm
Envision Financial Transparency, LLC (also referred to below as Financial Transparency or the Advisor) is a North
Carolina limited liability company formed in 2018. Our original registration occurred in 2018, as a registered
investment advisory firm, and our firm and its associates may register or meet certain exemptions to registration
and/or licensing in other jurisdictions in which we conduct investment advisory business.
Ms. Emily Keagle is the firm’s Founder, Managing Member and Chief Compliance Office.
Description of Advisory Services Offered
At Financial Transparency, we offer on-going asset management services to help you achieve your financial goals.
Through personal discussions with our independent advisory representatives (IARs), your objectives are identified
to build a portfolio that is designed to work within your risk tolerance. We provide advisory services and financial
planning to individuals, families, retirement plans, businesses, and other organizations.
We work with you, and all of our clients as a fiduciary, we have a duty to act in the best interest of our clients and
must disclose any conflicts that might limit or prevent us from meeting that duty. We believe that clients should
know exactly what investments they are in, and that is why we only recommend investments that are readily
available and able to be verified and priced by national custodians. We do not offer proprietary products;
therefore, our advice and loyalty is centered around you, and not loyalty to any one investment management
company, or mutual fund brand.
We assist you in making asset allocation decisions, primarily investing in mutual funds, exchange-traded funds,
individual securities (stocks), and bonds. From these investment vehicles, a diversified portfolio is created that
may include investments representing various market segments, also called asset classes. The determination of
the balance of asset classes is based on your profile and risk tolerance.
One way that we work with clients is through Individual Financial Consultations. We can provide comprehensive
evaluations of your current and future financial state by using currently known variables to predict future cash
flows, asset values and withdrawal plans. We provide consultations on existing financial plans and opinions on
current portfolio allocations and holdings. We review existing insurance policies to ensure proper life coverage.
The service to be provided may be unique to the client’s situation and is agreed upon in a written agreement. You
will receive a detailed written report tailored to your financial needs.
You may select from our three offered discretionary asset management programs: Let’s Get Started, Managed
Investment Portfolios or Customized Managed Accounts.
The Let’s Get Started program makes investing easy. We believe that you deserve a dedicated professional
investment advisory representative and not just a call center. You and your IAR will complete an investor profile,
to identify your risk tolerance, and select a corresponding passively invested asset allocation model. Your
portfolio will be rebalanced as needed. You will have online access to your account 24/7 and receive electronic
brokerage statements directly from a national custodian.
The Managed Investment Portfolios (MIP) program may fit your situation if you would like on-going professional
management with an IAR who will sit down with you and assist you in selecting one or more asset allocation
models to fit your goals and objectives. The asset allocations models are created to accept the underlying
assumptions of Modern Portfolio Theory and the Efficient Market Hypothesis. The models are professionally
managed, monitored, and rebalanced by the Advisor. Two types of models are available in this program, passive
market investing and active market investing. The passive market investing models are designed to have
investment performance that mirrors the indices used in the asset allocation. An emphasis is placed on
minimizing manager fees, while selecting investments for this type of investing. The active market investing
models are designed to attempt to out-perform the indices used in the asset allocation. Your portfolio will be
rebalanced as needed. You will have online access to your account 24/7 and receive electronic brokerage
statements directly from a national custodian. You will also receive electronic quarterly performance reports.
The Customized Managed Accounts (CMA) program may fit your situation if you would like to have an asset
allocation that is more tailored to your financial situation. Your customized asset allocation may include asset
classes that are not available in the MIP program, such as state specific municipal bonds, niche sectors, like
health care, real estate, or technology. If you are interested in socially responsible investing, this may also be the
right program for you, as we work with advisors who are primarily focused on this investment philosophy. If you
need personalized
tax-loss harvesting planning, the CMA program may make the most sense for you. Your
portfolio will be rebalanced as needed. You will have online access to your account 24/7 and receive electronic
brokerage statements directly from a national custodian. You will also receive electronic, detailed quarterly
performance reports. If your investment strategy includes mutual fund and exchange traded managers, you will
also receive a manager evaluation.
For clients within the CMA program, we are also able to provide advisory services for client held-away accounts
that are maintained at independent third-party custodians where we may utilize the order management system,
to implement asset allocation or rebalancing strategies on behalf of the client. These are primarily 401(k) and
403(b) accounts and other assets maintained by the client. We annually will review the current holdings and
available investment options in these held-away accounts, monitor the held-away accounts, rebalance and
implement the client’s investment strategies as necessary.
Access to these accounts is achieved by the Client giving permission via a provided link for Financial Transparency
to make allocation changes via the Client’s online login credentials. These online credentials are never made
available to, held or stored by us. Access is restricted and we will only be able to make changes to the allocation
of funds or other securities in the account and will not at any time be able to adjust, add to or subtract from
investment options. Nor can we change any other plan policies or fees assessed by the plan or the fund
providers, access the financial assets in the account, or make deposits, withdrawals or distributions. Additional
information regarding this service is contained within Item 5.
We also provide Pension Consulting Services. The primary client for this type of service will be the plan sponsor
of the pension, profit sharing, and 401(k) plans. Where appropriate, we may offer these services to individuals
and charitable organizations. If you are the plan sponsor of the pension plan, we can provide you with
Investment Policy Statement (IPS) preparation. This sets the objectives for the management of the overall plan
such as, investment selection criteria and timing intervals for monitoring. We also provide services in the
selection and on-going monitoring of the investments offered within the plan. For plans with individual plan
participants exercising control over assets in their own account, we may also provide to you employee
educational support and investment workshops designed for the plan participants. The nature of the topics
covered will be guided by ERISA Section 404(c). These employee communications will not provide plan
participants with individualized, tailored investment advice.
It is important for clients to remember that past performance is no guarantee of future results and that market,
interest rate, and other investment-related risks exist that may adversely affect the performance of securities
held and cause losses in an account.
ERISA Accounts: Financial Transparency and its investment advisory representatives are deemed to be fiduciaries
to advisory clients that are employee benefit plans or individual retirement accounts (IRAs) pursuant to the
Employee Retirement Income and Securities Act (“ERISA”), and regulations under the Internal Revenue Code of
1986 (the “Code”), respectively. As such, our firm is subject to specific duties and obligations that include among
other things, restrictions concerning certain forms of compensation. Financial Transparency does not receive
security commissions, loads, or 12b-1 fees.
Our firm offers services through our network of IARs. IARs may have their own legal business entities whose
trade names and logos are used for marketing purposes and may appear on marketing materials or client
statements. Clients should understand that the businesses are legal entities of the IAR and not of Financial
Transparency. The IARs are under the supervision of Financial Transparency and the advisory services of the IARs
are provided through our firm. We have the arrangement described above with the following IARs:
-Alfred Romano: Clear Perspective Advisors, LLC
-Anthony Madonia: Downtown Financial Management, LLC
-Bernard Donohue: Donohue Consulting Group, Inc.
-Charles Gilligan: Financial Transparency
-Christopher Nelson: GBK Financial Services, LLC
-Daniel Doherty: Oak Knoll Consulting Services, LLC
-Everett Ferguson: Condley Financial Services, Inc.
-James Nici: Aristotle Advisors, LLC
-Jonathon Wells: Financial Transparency
-Joshua Keagle: Joshua Tree Investments
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Michael MacDonald: Michael MacDonald Financial Management
-Thomas Giardina: Giardina & Bresett Consulting Services, Inc.
-Thom Rogers: Cornerstone Advisory Consulting, LLC
-William Bresett: Giardina & Bresett Consulting Services, Inc.
As of February 27, 2024, we have reportable assets under management of $295,289,685 of which
$291,937,887 is discretionarily managed, and $3,351,798 is non-discretionary.