White Knight Strategic Wealth Advisors, LLC (“WKSWA”, the “Firm”) has been in business since
July of 2019. The firm is owned by its Managing Member, Harpreet S. Mangat.
WKSWA serves as an independent and unbiased investment advisor to its clients. As a fiduciary,
WKSWA places client interests at the forefront of all of its efforts. No adviser can guarantee that a
client will meet their goals or achieve a given performance target however, WKSWA strives toward
delivering to all clients the benefit of dedicated professionals serving with diligence, professionalism
and integrity.
Financial Planning
WKSWA believes that thoughtful financial planning can be an effective tool for protecting and
accumulating wealth. It can also assist in the planning for special needs for clients, including their
businesses and wealth transfer issues. In most cases, the client will supply to WKSWA information
including income, investments, savings, insurance, age and many other items that are helpful to the
firm in assessing financial goals. The information is typically provided during personal interviews and
supplemented with written information. Once the information is received, WKSWA will discuss
financial needs and goals with the client, and compare the client’s current financial situation with the
goals stated. Once these are compared, WKSWA will create a financial plan to help clients meet their
goals. The financial plan addresses the six vital areas of financial planning: Cash Flow Management,
Risk Management, Investment Planning, Tax Planning Strategies, Retirement Planning, and Estate
Planning. The plan is intended to be a suggested blueprint of how to meet your goals. Not every plan
will be the same for every client. Each one is specific to the client who requested it. Because the plan
is based on information supplied by the client, it is very important that clients accurately and
completely communicate to the firm the information it needs. Also, as circumstances and needs may
change, it is very important that clients continually update the firm with any changes so that if the
updates require changes to the financial plan, WKSWA can make those changes. Otherwise, plans
may no longer be accurate.
WKSWA provides all financial planning services “in house”, meaning the services are provided by
WKSWA professionals and not by any sort of sub-adviser or contractor. During the planning process,
it may be determined that a client would benefit from the expertise of another professional, such as an
estate planning attorney or tax advisor. If clients request, WKSWA may recommend the services of
other professionals for implementation purposes. Clients are under no obligation to engage the
services of any such recommended professional. Clients retain absolute discretion over all such
implementation decisions and are free to accept or reject any recommendation from WKSWA. If
clients engage the services of any professional recommended by WKSWA, and a dispute arises
thereafter relative to such engagement, clients agree to seek recourse exclusively from and against
the
engaged professional. WKSWA may receive a fee from professionals recommended by WKSWA.
Receipt of such fees represents a conflict of interest whereas WKSWA my recommend a professional
based on fees received rather than based on client suitability. Such conflict is disclosed to clients before
any recommendation is made and clients are reminded they are free to choose any other professional
for implementation purposes.
Asset Management
Generally, each client who engages WKSWA for asset management services will begin by engaging
with WKSWA professionals in the creation of a written financial plan through the planning process
described above. The financial plan will be used to create investment guidelines to which client
accounts will be managed.
When WKSWA performs asset management services, WKSWA will do so on a discretionary basis.
This means that while clients will communicate regularly with WKSWA, WKSWA will not seek
specific approval of changes to client accounts. Clients can always make deposits or withdrawals in
their accounts at any time. Clients should be aware that if WKSWA is managing the client’s assets,
they may not be able to place restrictions on the types of investments in an account or portfolio.
Because WKSWA takes discretion when managing accounts, clients engaging the Firm will be asked
to execute a Limited Power of Attorney (granting WKSWA the discretionary authority over the client
accounts) as well as an Investment Management Agreement that outlines the responsibilities of both
the client and WKSWA.
In very limited circumstances, WKSWA may provide investment management services on a non-
discretionary basis, which means WKSWA will manage the clients’ accounts as the Firm does for its
discretionary clients, except WKSWA will consult with the client prior to implementing any
investment recommendation. Clients should be aware that some recommendations may be time-
sensitive, in which case recommendations not implemented because WKSWA is unable to reach a
non-discretionary client may not be made on a timely basis, and therefore the client’s account may not
perform as well as it would have had WKSWA been able to reach the client for a consultation on the
recommendation.
WKSWA uses Pontera Solutions, Inc. (“Pontera”), a third party online platform, to assist with
management of clients’ “held away” accounts, including 401(k)s, 403(b)s, annuities, and 529
education savings plans, and as an order management system for such accounts where WKSWA
implements tax-efficient asset allocation and opportunistic rebalancing strategies on behalf of the
client. The specific fee schedule charged by WKSWA for account management of held away assets is
established in the client’s written agreement. To facilitate use of the Pontera platform, the client
securely logs into the Pontera site and entitles WKSWA to manage the assets.
Assets under Management
As of March 7, 2024, WKSWA reported $153,655,697 in assets under management consisting of
$153,411,593 managed on a discretionary basis.