Our Advisory Business
Garnett Advisors, LLC (“Garnett”, “us”, “we”, “our”) is a Registered Investment Adviser (“Adviser”) which
offers investment advice regarding securities to clients.
The firm was founded in 2016 by William R. Coleman who serves as Founding Member. We provide
investment advisory and asset management services to trusts, pension funds, foundations and high-net
worth individuals.
Advisory Services
Garnett can assist you in developing a custom-tailored portfolio designed to meet your unique investment
objectives.
We will meet with you to discuss your financial circumstances, investment goals and objectives, and to
determine your risk tolerance. Based on the information you share with us, we will analyze your situation
and recommend an appropriate asset allocation or investment strategy. Should you implement our
recommendations, we will monitor and track assets under management, provide portfolio statements
and performance updates, and advise on asset allocation on a regular basis. Our recommendations and
ongoing management are based upon your investment goals and objectives, risk tolerance, and the
investment portfolio you have selected. You are obligated to notify us promptly when your financial
situation, goals, objectives, or needs change.
The investments in the portfolio account can include stocks, bonds, mutual funds, ETFs, alternative
investments, etc.
We can also recommend the services of a third-party investment manager (“Manager”). Garnett does not
act as a solicitor and is not provided any additional compensation for these recommendations other than
the fees as described in Item 5 below. These Managers are recommended based on their ability to fill
specific roles towards achieving the client’s overall investment objectives. If the client decides to proceed
with the recommendation, the client will enter into a relationship with the recommended Manager. Under
these arrangements, the Manager is responsible for portfolio management, best execution, portfolio
reporting, trading, trade error resolution, and custodian reconciliations. Garnett will maintain its
relationship with the client by monitoring the status of the client’s accounts, make continuing
recommendations, and meet with clients either in person or by telephone on an annual basis and act as
the client’s primary financial adviser. All questions regarding the Manager’s services and performance
will be directed to Garnett.
Clients who are referred to Managers will receive full disclosure, including services rendered and fee
schedules, at the time of the referral, by delivery of a copy of the relevant Manager's Form ADV Part 2A,
Form ADV Part 3 (Form CRS), and
any equivalent disclosure document before receiving investment
advisory services from the Manager.
You will have the ability to impose reasonable restrictions on the management of your account, including
the ability to instruct us not to purchase certain mutual funds, stocks or other securities. These
restrictions could be a specific company security, industry sector, asset class, or any other restriction you
request.
If you decide to implement our recommendations, we will help you open a custodial account(s). The funds
in your account will be held in a separate account, in your name, at an independent custodian, and not
with us. We can recommend using a particular custodian; however, you can use any custodian you wish.
You will enter into a separate custodial agreement with the custodian which authorizes the custodian to
take instructions from us regarding all investment decisions for your account. You will be notified of any
purchases or sales through trade confirmations and statements that are provided by the custodian. These
statements list the total value of the account, itemize all transaction activity, and list the types, amounts,
and total value of securities held. You will at all times maintain full and complete ownership rights to all
assets held in your account, including the right to withdraw securities or cash, proxy voting and receiving
transaction confirmations.
We manage assets on a nondiscretionary basis, which means you have not given us the authority to
determine the following without your express consent:
• Securities to be bought or sold for your account
• Amount of securities to be bought or sold for your account
Trading could be required to meet initial allocation targets, after substantial cash deposits that require
investment allocation, and/or after a request for a withdrawal that requires liquidation of a position.
Additionally, your account can be rebalanced or reallocated periodically in order to reestablish the
targeted percentages of your initial asset allocation. This rebalancing or reallocation will occur on the
schedule we have determined together. You will be responsible for any and all tax consequences resulting
from any rebalancing or reallocation of the account. We are not tax professionals and do not give tax
advice. However, we will work with your tax professionals to assist you with tax planning.
We are available during normal business hours either by telephone, email, or in person by appointment
to answer your questions.
We do not participate in wrap fee programs.
Assets Under Management
As of December 31, 2023, we manage approximately $229,865,238 in assets on a non-discretionary basis.
We do not manage assets on a discretionary basis.