Teamwork is a limited liability company (LLC) formed under the laws of the State of Texas.
• Douglas R. (Doug) Moe is the Managing Member and 100% owner of Teamwork Financial
Advisors, LLC.
• Teamwork filed its initial application to become registered as an investment adviser in
September 2012.
Introduction
The investment advisory services of Teamwork are provided to you through an appropriately licensed and
qualified individual who is an investment adviser representative of Teamwork (referred to as your investment
adviser representative throughout this brochure).
Description of Advisory Services
The following are descriptions of the primary advisory services of Teamwork. Please understand that a
written agreement, which details the exact terms of the service, must be signed by you and Teamwork before
we can provide you the services described below.
Asset Management Services – Teamwork offers asset management services, which involves Teamwork
providing you with continuous and ongoing supervision over your specified accounts.
You must appoint our firm as your investment adviser of record on specified accounts (collectively, the
“Account”). The Account consists only of separate account(s) held by qualified custodian(s) under your
name. The qualified custodians maintain physical custody of all funds and securities of the Account, and
you retain all rights of ownership (e.g., right to withdraw securities or cash, exercise or delegate proxy voting
and receive transaction confirmations) of the Account.
The Account is managed by us based on your financial situation, investment objectives and risk tolerance.
We actively monitor the Account and provide advice regarding buying, selling, reinvesting or holding
securities, cash or other investments in the Account.
We will need to obtain certain information from you to determine your financial situation and investment
objectives. You will be responsible for notifying us of any updates regarding your financial situation, risk
tolerance or investment objective and whether you wish to impose or modify existing investment restrictions;
however, we will contact you at least annually to discuss any changes or updates regarding your financial
situation, risk tolerance or investment objectives. We are always reasonably available to consult with you
relative to the status of your Account. You have the ability to impose reasonable restrictions on the
management of your accounts, including the ability to instruct us not to purchase certain securities.
It is important that you understand that we manage investments for other clients and may give them advice
or take actions for them or for our personal accounts that is different from the advice we provide to you, or
actions taken for you. We are not obligated to buy, sell or recommend to you any security or other investment
that we may buy, sell or recommend for any other clients or for our own accounts.
Conflicts may arise in the allocation of investment opportunities among accounts that we manage. We strive
to allocate investment opportunities believed to be appropriate for your account(s) and other accounts
advised by our firm among such accounts equitably and consistent with the best interests of all accounts
involved. However, there can be no assurance that a particular investment opportunity that comes to our
attention will be allocated in any particular manner. If we obtain material, non-public information about a
security or its issuer that we may not lawfully use or disclose, we have absolutely no obligation to disclose
the information to any client or use it for any client’s benefit.
The investment adviser representatives at TWF periodically review individual client accounts. In addition,
client accounts are reviewed in connection with regularly scheduled meetings with clients. These meetings
occur on at least an annual basis but can be scheduled to occur more frequently. All clients are encouraged
to review financial planning issues, investment objectives and account performance with TWF on no less
than an annual basis. Clients are also advised to inform TWF of any interim changes in their investment
objectives or financial situations. TWF may conduct account reviews on an other-than periodic basis upon
the occurrence of certain events, such as a change in client’s investment objectives or financial situation or
market corrections.
This process might randomly favor one client over another depending on the timing and execution of
transactions during such account reviews. This process of comprehensive reviews on an interim basis
during the calendar year, if deemed necessary, is in addition to possible daily review and actions that we
might take in certain client’s accounts for various reasons, including but not limited to, “model account
rebalancing”, “tax harvesting”, investment of additional cash to a client’s account and any other specific
issue related to an individual’s specific situation, investment objectives, and goals.
Financial Planning & Consulting Services - Teamwork offers Financial Planning and Consulting
Services, which involves preparing a written financial plan covering specific or multiple topics. Our
Financial Planning and Consulting Services are included as a part of our standard Asset Management
Services usually at no additional cost to the client. We may provide full written financial plans, which
typically address the following topics: Investment Planning, Retirement Planning, Insurance Planning,
Tax Planning, Education Planning, Portfolios Review, and Asset Allocation. When providing financial
planning and consulting services, the
role of your investment adviser representative is to find ways to
help you understand your
overall financial situation and help you set Financial
objectives. Written
financial plans prepared by us under this Agreement do not include specific recommendations of
individual securities.
We also offer consultations in order to discuss financial planning issues when you do not need a written
financial plan. We offer a one-time consultation, which covers mutually agreed upon areas of concern
related to investments or financial planning. We also offer “as-needed” consultations, which are limited to
consultations in response to
a particular investment or financial planning issue raised or request made by
you. Under an “as-needed” consultation, it will be incumbent upon you to identify those particular issues
for which you are seeking our advice or consultation on.
Our financial planning and consulting services do not involve implementing any transaction on your behalf
or the active and ongoing monitoring or management of your investments or accounts. You have the sole
responsibility for determining whether to implement our financial planning and consulting
recommendations. To the extent that you would like to implement any of our investment recommendations
through Teamwork or retain Teamwork to actively monitor and manage your investments, you must execute
a separate written agreement with Teamwork for our asset management services.
Some of the tools and software that we might implement in the planning process include but are not limited
to, “Riskalyze”, “Personalfund.com”, “Sequential Income Planning (SIPS)”, “Instream” and “Orion”.
Referrals of Third-Party Money Managers - Teamwork offers advisory services by referring clients to a
third-party money manager offering asset management and other investment advisory services. The third-
party managers are responsible for continuously monitoring client accounts and making trades in client
accounts when necessary. As a result of the referral, we are paid a portion of the fee charged and collected
by the third-party money managers in the form of solicitor fees. Each solicitation arrangement is performed
pursuant to a written solicitation agreement and is in compliance with SEC Rule 206(4)-3 and applicable
state securities rules and regulations. Specifically, Teamwork may refer clients to AE Wealth Management
(“AEWM”).
Under this program, we assist you with identifying your risk tolerance and investment objectives. We
recommend third-party money managers in relation to your stated investment objectives and risk tolerance,
and you may select a recommended third-party money manager or model portfolio based upon your needs.
You must enter into an agreement directly with the third-party money manager who provides your
designated account with asset management services.
We are available to answer questions that you may have regarding your account and act as the
communication conduit between you and the third-party money manager. The third-party money manager
may take discretionary authority to determine the securities to be purchased and sold for your Account.
We do not have any trading authority with respect to your designated account managed by the third-party
money manager.
Although we review the performance of numerous third-party investment adviser firms, we enter into only
a select number of relationships with third-party investment adviser firms. Clients are advised that there
may be other third-party managed programs not recommended by our firm, that are suitable for the client
and that may be more or less costly than arrangements recommended by our firm. No guarantees can be
made that a client’s financial goals or objectives will be achieved by a third-party investment adviser
recommended by our firm. Further, no guarantees of performance can ever be offered by our firm (Please
refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more details.)
Limits Advice to Certain Types of Investments
Teamwork provides investment advice on the following types of investments:
• Mutual Funds
• Exchange Traded Funds (ETFs)
• Individual Stocks and Bonds
Although we generally provide advice only on the products previously listed, we reserve the right to offer
advice on any investment product that may be suitable for each client’s specific circumstances, needs,
goals and objectives.
It is not our typical investment strategy to attempt to time the market, but we may increase cash holdings
modestly as deemed appropriate based on your risk tolerance and our expectations of market behavior.
We may modify our investment strategy to accommodate special situations such as low basis stock, stock
options, legacy holdings, inheritances, closely held businesses, collectibles, or special tax situations.
(Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more information.)
Written Acknowledgement of Fiduciary Status
When we provide 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 Security Act
and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way
we make money creates some conflicts 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. Under this special rule’s provisions,
we must:
• Meet a professional standard of care when making investment recommendations (give prudent
advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Tailor Advisory Services to Individual Needs of Clients
Teamwork’s advisory services are always provided based on your individual needs. This means, for
example, that when we provide asset management services, you are given the ability to impose restrictions
on the accounts we manage for you, including specific investment selections and sectors. We work with
you on a one-on-one basis through interviews and questionnaires to determine your investment objectives
and suitability information. Our financial planning and consulting services are always provided based on
your individual needs.
We will not enter into an investment adviser relationship with a prospective client whose investment
objectives may be considered incompatible with our investment philosophy or strategies or where the
prospective client seeks to impose unduly restrictive investment guidelines.
Client Assets Managed by Teamwork
As of December 29, 2023, Teamwork had $653,563,110 in discretionary assets under management.
Teamwork has no assets managed on a non-discretionary basis to report.