Description of Services and Fees
Collective Family Office, LLC (hereinafter “CFO”) is a registered investment adviser based in York, Pennsylvania.
We are a limited liability company, formed under the laws of the State of Pennsylvania. We have been providing
investment advisory services since 2019. David S Sivel, CEO, Trevor Hoffman, COO/CCO and Brian Luster, CIO, are
the Managing Members and principal owners of CFO.
You may see the term Associated Person throughout this Brochure. As used in this Brochure, this term refers to
anyone from our firm who is an officer, employee, and all individuals providing investment advice on behalf of
our firm, including Mr. Sivel, Mr. Hoffman and Mr. Luster. Such persons are properly registered as investment
adviser representatives in applicable jurisdictions where required.
Portfolio Management Services
Our firm offers discretionary portfolio management services to our clients. Discretionary portfolio management
means we will make investment decisions and place buy or sell orders in your account without contacting you.
These decisions would be made based upon your stated investment objectives. If you wish, you may limit our
discretionary authority by, for example, setting a limit on the type of securities that can be purchased for your
account. Simply provide us with your restrictions or guidelines in writing.
Our investment advice is tailored to meet our clients’ needs and investment objectives. If you decide to hire our
firm to manage your portfolio, we will meet with you to gather your financial information, determine your goals,
and help you decide how much risk you should take in your investments. The information we gather will help us
implement an asset allocation strategy that will be specific to your goals, whether we are actively investing for
you or simply providing you with advice.
CFO does not recommend one particular type of security over other types of securities, but we do provide advice
on various types of securities, such as exchange listed equities, over the counter equities, foreign issues, American
depository receipts, corporate debt securities, commercial paper, certificates of deposit, municipal securities,
investment company securities (including mutual funds and exchange traded funds), US Government securities,
options contracts on securities and/or commodities, private equity instruments, return enhanced notes, and
interests in partnership investing in real estate. Additionally, will provide advice on existing investments you may
hold at the inception of the advisory relationship or on other types of investments for which you ask advice.
If you engage us for portfolio management services, we will monitor your portfolio’s performance on a continuous
basis, and rebalance the portfolio whenever necessary, as changes occur in market conditions and/or your
financial circumstances.
Recommendation of Sub Advisors
As part of our overall portfolio management strategy, we may use one or more sub-advisors to manage all or a
portion of your account. All sub-advisors recommended by our firm must either be registered as investment
advisors or exempt from registration requirements. These sub-advisors may specialize in private equity
investments, private credit markets, hedge funds or other types of alternative investments. Factors that we take
into consideration when making our recommendations include, but are not limited to, the following: the sub-
advisor’s performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and
investment objectives. We will periodically monitor the sub-advisor’s performance to ensure its management and
investment style remains aligned with your investment goals and objectives. We retain the right to hire and fire
sub-advisors and the right to reallocate client assets to other model portfolios at the same sub-advisor.
Management of Held Away Assets
As part of our overall portfolio management services, we may provide asset allocation review, rebalancing and
management services for accounts that are not held in custody of the qualified custodian(s) recommended by our
firm. These services are provided through an account aggregation service called Pontera Solutions Inc.
("Pontera"). This service primarily applies to ERISA and non-ERISA plan assets such as 401(k)s and 403(b)s, and
other assets that must be held in custody of the plan custodian(s). We regularly review the available investment
options in these accounts, monitor them, and periodically rebalance and implement our strategies using different
tools as necessary. If you elect to allow our firm to manage your assets through Pontera, you will be notified via
email when CFO places trades through Pontera.
Pension Consulting Services
CFO provides several pension consulting related services. While the primary clients for these services will be
pension, profit sharing and 401(k) plans, CFO will also offer these services, where appropriate, to individuals and
trusts, estates, corporate entities and charitable organizations. Pension Consulting Services are comprised of the
following components. Clients may choose to use any or all of the following services:
• Assistance with the development and/or review and revision of an Investment Policy Statement (“IPS”)
as requested.
• Provision of recommendations on appropriate investments that have a level of risk commensurate with
the anticipated return, seeing to it that risk is minimized through diversification, and ensuring that the
Plan has sufficient liquidity to meet its cash flow requirements.
• Assistance with the selection of a qualified default investment alternative (“QDIA”) and determination
of the continuing suitability of a QDIA.
• Assistance with on-going monitoring and make recommendations regarding the replacement of the
Plan’s investments and investment providers.
• Assistance with the monitoring of investment options by preparing quarterly reports that document
investment performance, consistency of fund management, and conformance to any guidelines set forth
in the IPS and will notify you with any recommendations.
• Analysis of the fees and expenses associated with the investments and the service providers and
recommend changes when warranted.
• Ongoing and continuous discretionary investment management with respect to the asset classes and
investments for the Plan in accordance with the Plan’s investment policies and objectives. This service is
described in more detail in the Portfolio Management Services section above.
• Monitor investments by preparing periodic investment reports that document investment performance,
consistency of fund management and conformance to the guidelines set forth in the IPS and determine
whether to maintain or remove and replace investment options.
• Meetings with Clients on a periodic basis to discuss the reports and investment decisions.
These services are designed to assist plan sponsors in meeting their management and fiduciary obligations to
Participants under ERISA. Pursuant to adopted regulations of the U.S. Department of Labor, we are required to
provide the Plan's responsible plan fiduciary (the person who has the authority to engage us as an investment
adviser to the Plan) with a written statement of the services we provide to the Plan, the compensation we receive
for providing those services, and our status (which is described below).
Other pension consulting services are available on request. All of our pension consulting services, whether general
or customized, will be outlined in an Agreement that shows the services that will be provided and the fees that
will be charged for those services.
CFO is registered as an investment advisor and represents that it is not subject to any disqualification as set forth
in Section 411 under the Employee Retirement Income Security Act (“ERISA”). To the extent CFO performs
Fiduciary Services, CFO is acting as a fiduciary of the Plan as defined in Section 3(21) or Section 3(38) under ERISA.
CFO may also perform the following Non-Fiduciary services:
• Assistance with the education of the participants in the Plan about general investment principles. Client
understands that CFO’s assistance in participant investment education shall be consistent with and
within the scope of the definition of investment education of Department of Labor Interpretive Bulletin
96-1. As such, CFO is not providing fiduciary advice (as defined in ERISA) to the participants. CFO will not
provide individualized investment advice concerning the prudence of any investment or combination of
investment for a particular participant or beneficiary under the Plan.
• Assistance with group enrollment meetings designed to increase retirement plan participation among
employees and investment and financial understanding by the employees.
CFO may provide these services or, alternatively, may arrange for the Plan’s other providers to offer these
services, as agreed upon between CFO and Client.
Wrap Fee Programs
We do not sponsor, manage, or participate in any wrap fee programs.
Assets Under Management
As of December 31, 2023, we had approximately $361,731,678 in discretionary assets under management and
approximately $4,628,818 in non-discretionary assets under management.