A. Firm Information
hemming& Wealth Management, Inc. (“hemming& Wealth Management” or the “Advisor”) is a registered
investment advisor with the U.S. Securities and Exchange Commission (“SEC”). hemming& Wealth Management
was organized as a Corporation under the laws of the State of Michigan in February 2007 and became a
registered investment advisor in March 2019. hemming& Wealth Management is owned and operated by Dawn
M. Hemming (Founder and President) and Autumn C. Soltysiak (Vice President).
This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory
services provided by hemming& Wealth Management. For information regarding this Disclosure Brochure,
please contact Jena Posey (Chief Compliance Officer) at (231) 922-2900.
B. Advisory Services Offered
hemming& Wealth Management offers investment advisory services to individuals, high net worth individuals,
families, trusts, charitable organizations, businesses and retirement plans (each referred to as a “Client”).
hemming& Wealth Management 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. hemming& Wealth Management’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
hemming& Wealth Management 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. hemming& Wealth
Management will construct investment portfolios through the Advisor’s internal investment management and/or
the use of unaffiliated investment managers or investment platforms. Please see below.
Internal Investment Management – hemming& Wealth Management constructs investment portfolios utilizing
exchange-traded funds (“ETFs”), mutual funds, individual equity securities, individual and 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.
At no time will hemming& Wealth Management 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 advisory agreement. Please see Item 12 –
Brokerage Practices for additional information.
Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over
the assets to an IRA, 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). 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 – hemming& Wealth Management may recommend that a Client utilize one or
more unaffiliated investment managers or investment platforms (collectively “Independent Managers”) for all or a
portion of a Client’s investment portfolio. In such instances, the Client may be required to authorize and enter into
an advisory agreement with the Independent Manager[s] that defines the terms in which the Independent
Page 5
Manager[s] will provide investment management and related services. The Advisor may also assist in the
development of the initial policy recommendations and managing the ongoing Client relationship. The Advisor will
perform initial and ongoing oversight and due diligence over the selected Independent Manager[s] to ensure the
Independent Managers’ strategies and target allocations remain aligned with its clients’ investment objectives
and overall best interests. The Client, prior to entering into an agreement with unaffiliated investment manager[s]
or investment platform[s], will be provided with the Independent Manager's Form ADV 2A (or a brochure that
makes the appropriate disclosures).
Participant Account Management (Pontera)
As part of the Advisor’s Investment Management Services, when appropriate, the Advisor will use a third-party
platform, Pontera Solutions, Inc. (“Pontera”), to facilitate management of held away assets such as defined
contribution plan participant accounts, with investment discretion. The platform enables the Advisor to gain
access to Client account without having access through the Client’s credentials.
This independent advisor access
ensures that the Advisor will not have custody of Client funds or securities when implementing trades for the
Client. The Advisor is not affiliated with the platform in any way and receives no compensation from the platform.
A link will be provided to the Client allowing them to connect their account[s] to the platform for the Advisor’s
secure access.
Financial Planning Services
Financial Planning Services are at the core of the Client relationship with hemming& Wealth Management.
hemming& Wealth Management will provide financial planning and consulting services as a stand-alone service
to Clients pursuant to a written financial planning agreement. Services are offered in several areas depending on
the Client’s goals, objectives and financial circumstances. Services may be for a defined scope or an ongoing
engagement. 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. Financial planning and consulting recommendations
may pose a conflict between the interests of the Advisor and the interests of the Client. Implementation of
financial planning recommendations is entirely at the Client’s discretion. 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. hemming& Wealth Management will work with Clients to implement recommendations and referrals
to other professionals may be made where appropriate to meet the Client’s needs.
Retirement Plan Advisory Services
hemming& Wealth Management 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 available include:
• Discretionary Investment Management (ERISA 3(38))
• Ongoing Investment Oversight and Recommendations (ERISA 3(21))
• Vendor Analysis
• Employee Enrollment and Education Tracking
• Investment Policy Statement (“IPS”) Support
• Performance Reports
These services are provided by the Advisor 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 the Advisor’s fiduciary status, the specific services to be
rendered and all direct and indirect compensation the Advisor reasonably expects under the engagement.
Page 6
Sub-Advisory Relationship - Broker-Dealer
hemming& Wealth Management provides investment consulting services to brokerage customers (herein
“Brokerage Customers”) of Mutual Securities, Inc. (herein “MSI”) who provide written consent requesting to
receive the Advisor’s consulting services, pursuant to a written agreement with hemming& Wealth Management.
Consulting services are strictly on products Clients have purchased through Mutual Securities, Inc. Please see
Item 10 – Other Financial Industry Activities and Affiliations for additional details.
C. Client Account Management
Prior to engaging hemming& Wealth Management 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 – hemming& Wealth Management, in connection with the Client, will
develop an investment strategy that seeks to achieve the Client’s goals and objectives.
• Portfolio Construction – hemming& Wealth Management will develop a portfolio for the Client that is
intended to meet the stated goals and objectives of the Client.
• Investment Management and Supervision – hemming& Wealth Management will provide investment
management and ongoing oversight of the Client’s investment portfolio. hemming& Wealth Management
will review Client portfolios at least annually.
• Financial Planning – hemming& Wealth Management provides initial and ongoing planning services, to
assist Clients in meeting the financial goals.
D. Wrap Fee Programs
hemming& Wealth Management does not manage or place Client assets into a wrap fee program. Investment
management services are provided directly by hemming& Wealth Management.
E. Assets Under Management
As of December 31, 2023, hemming& Wealth Management manages $190,474,213 in Client assets,
$188,022,554 of which are managed on a discretionary basis and $2,451,659 on a non-discretionary basis.
Clients may request more current information at any time by contacting the Advisor.