A. Firm Information
Avaii Wealth Management, LLC (“Avaii” or the “Advisor”) is a registered investment advisor with the U.S.
Securities and Exchange Commission (“SEC”). The Advisor is organized as a Limited Liability Company (“LLC”)
under the laws of the State of Wisconsin in July 2018 and launched as a registered investment advisor in
September 2018. Avaii is owned and operated by Christian J. Doule (Managing Member and Wealth
Management Advisor), Mark Truettner (Member, Wealth Management Advisor) and Joel Blattner (Member,
Director of Investments, Chief Compliance Officer). This Disclosure Brochure provides information regarding the
qualifications, business practices, and the advisory services provided by Avaii.
For more information regarding this disclosure Brochure, please contact Joel Blattner, the Chief Compliance
Officer, at (920) 214-1212.
B. Advisory Services Offered
Avaii provides advisory services to individuals, families, trusts, estates, charitable organizations, businesses and
retirement plans (each referred to as a “Client”). Avaii provides individualized services to each Client, which are
determined during initial conversations and updated over the course of the relationship as needed or requested
by the Client.
Avaii serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary, the
Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. Avaii’s fiduciary commitment is further described in the Advisor’s Code of Ethics. For more
information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client
Transactions and Personal Trading.
Investment Management Services
Avaii works closely with each Client to identify their investment goals and objectives as well as risk tolerance and
financial situation in order to create a portfolio strategy. Avaii will then construct a portfolio, consisting of primarily
of active and passive mutual funds, exchange-traded funds (“ETFs”), individual equity securities, individual fixed
income securities and other types of investments, as appropriate to meet the needs of each Client. Evaluation of
legacy investments will include a review of portfolio fit, tax situation and other considerations.
Each Client will have the opportunity to place reasonable restrictions on the types of investments to be held in
their respective portfolio, subject to acceptance by the Advisor. Avaii will construct, implement and monitor the
portfolio on a discretionary basis with respect to the Client’s investment policy statement.
At no time will Avaii accept or maintain custody of a Client’s funds or securities, except for the limited authority as
outlined in Item 15 – Custody. All Client assets will be managed within their designated account[s] at the
Custodian, pursuant to the terms of the investment advisory agreement. Please see Item 12 – Brokerage
Practices.
Participant Account Management: As part of the Advisor’s Investment Management Services, when appropriate,
the Advisor will use a third party platform to facilitate management of held away assets such as defined
contribution plan participant accounts, with discretion. The platform allows us to avoid being considered to have
custody of Client funds since we do not have direct access to Client log-in credentials to affect trades. We are not
affiliated with the platform in any way and receive no compensation from them for using their platform. A link will
be provided to the Client allowing them to connect an account(s) to the platform. Once Client account(s) is
connected to the platform, Adviser will review the current account allocations. When deemed necessary, Adviser
will rebalance the account considering client investment goals and risk tolerance, and any change in allocations
will consider current economic and market trends. The goal is to improve account performance over time,
minimize loss during difficult markets, and manage internal fees that harm account performance. Client
account(s) will be reviewed at least quarterly and allocation changes will be made as deemed necessary.
Retirement Accounts – When deemed to be in the Client’s best interest, the Advisor will recommend that a Client
take a distribution from an ERISA sponsored plan or to roll over the assets to an Individual Retirement Accounts
(“IRAs”), or recommend a similar transaction including rollovers from one ERISA sponsored Plan to another, one
IRA to another IRA, or from one type of account to another account (e.g. commission-based account to fee-
based account). In such instances, the Advisor will serve as an investment fiduciary as that term is defined under
The Employee Retirement Income Security Act of 1974 (“ERISA”) and/or the Internal Revenue Code (“IRC”), as
applicable, which are laws governing retirement accounts. Such a recommendation creates a conflict of interest if
the Advisor will earn a new (or increase its current) advisory fee as a result of the transaction. No client is under
any obligation to roll over a retirement account to an account managed by the Advisor.
Use of Independent Managers
Avaii will in certain circumstances recommend that Clients utilize one or more unaffiliated investment managers
or investment platforms (collectively “Independent Managers”) for all or a portion of a Client’s investment
portfolio, based on the Client’s needs
and objectives. The Advisor will perform initial and ongoing oversight and
due diligence over each Independent Manager to ensure the strategy remains aligned with Clients investment
objectives and overall best interests. The Advisor will also assist the Client in the development of the initial policy
recommendations and managing the ongoing Client relationship. The Client will be provided with the
Independent Manager's Form ADV Part 2A - Disclosure Brochure (or a brochure that makes the appropriate
disclosures).
Retirement Plan Advisory Services
Avaii provides retirement plan advisory services on behalf of the retirement plans (each a “Plan”) and the
company (the “Plan Sponsor”). The Advisor’s retirement plan advisory services are designed to assist the Plan
Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each engagement is customized
to the needs of the Plan and Plan Sponsor. Services generally include:
∙ Vendor Analysis
∙ Plan Participant Enrollment and Education Tracking
∙ Investment Management
∙ Performance Reporting
∙ Ongoing Investment Recommendation and Assistance
∙ Benchmarking Services
Avaii may provide investment advisory services on behalf of the Plan and Plan Sponsor, which may be in either a
3(21) or 3(38) context depending on whether or not the Advisor is also providing discretionary investment
management over the Plan assets. For 3(38) services, the Advisor shall have the discretion to select the
investments for the Plan and/or make investment decisions on behalf of Plan Participants.
These services are provided by Avaii serving in the capacity as a fiduciary under the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section 408(b)(2), the Plan
Sponsor is provided with a written description of Avaii’s fiduciary status, the specific services to be rendered and
all direct and indirect compensation the Advisor reasonably expects under the engagement.
Financial Planning Services
Financial Planning Services are at the core of the Client relationship with Avaii. Financial planning is an
evaluation of a Client’s current and future financial state by using currently known variables to predict future cash
flows, asset values and withdrawal plans while also understanding personal values, goals and objectives.
Through the financial planning process, all questions, information and analysis are considered as they impact
and are impacted by the entire financial and life situation of the Client.
Avaii will provide financial planning and consulting services to Clients pursuant to a written financial planning
agreement. Services are offered in several areas depending on the Client’s goals, objectives and financial
situation. Generally, such financial planning services will involve a written report which provides the Client with a
detailed financial plan to assist the Client in achieving his or her financial goals and objectives. This planning or
consulting may encompass one or more areas of need, including but not limited to, financial position, tax
considerations, employee benefits, investment analysis, insurance analysis, retirement analysis, death and
disability considerations, and estate planning.
Plans or consultations are typically completed within six months of contract date, assuming all information and
documents requested are provided promptly by the Client.
Avaii may also refer Clients to an accountant, attorney or other specialists as appropriate for their unique
situation. Financial planning and consulting recommendations pose a conflict between the interests of the
Advisor and the interests of the Client. For example, the Advisor has an incentive to recommend that Client’s
engage the Advisor for investment management services or to increase the level of investment assets with the
Advisor, as it would increase the amount of advisory fees paid to the Advisor. If the Client elects to act on any of
the recommendations made by the Advisor, the Client is under no obligation to implement the transaction
through the Advisor.
C. Client Account Management
Prior to engaging Avaii to provide investment advisory services, each Client is required to enter into one or more
agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor and
the Client. These services may include:
● Establishing an Investment Strategy – Avaii, in connection with the Client, will develop a strategy that
seeks to achieve the Client’s goals and objectives.
● Portfolio Construction – Avaii will develop a portfolio for the Client that is intended to meet the stated
goals and objectives of the Client.
● Investment Management and Supervision – Avaii will provide investment management and ongoing
oversight of the Client’s investment portfolio. Avaii will review Client portfolios at least annually.
● Financial Planning – Avaii provides initial and ongoing planning services, to assist Clients in meeting the
financial goals.
D. Wrap Fee Programs
Avaii does not manage or place Client assets into a wrap fee program. Investment management services are
provided directly by Avaii.
E. Assets Under Management
As of December 31, 2022, Avaii manages $303,682,414 in Client assets, $295,919,340 of which are managed
on a discretionary basis and $7,763,074 on a non-discretionary basis. Clients may request more current
information at any time by contacting the Advisor.