MWM is a Fee-Only registered investment advisory firm with a fiduciary responsibility to its clients. MWM is
owned by David Mattern and Kyle J. Cross, and has been providing advisory services since June 2019. As of
December 31, 2023, MWM has $474,293,428 in discretionary assets and $7,317,368 in non-discretionary
assets, for a total of $481,610,796 in regulatory assets under management to report.
MWM offers a variety of advisory services, which include investment and wealth management, financial
planning, and consulting services. Prior to MWM rendering any of the foregoing services, clients are required
to enter into one or more written agreements with MWM setting forth the relevant terms and conditions of the
advisory relationship (the ‘Advisory Agreement’). MWM manages investment portfolios for individuals, high net
worth individuals, trusts, businesses, and corporations. MWM will collaborate with a client to determine the
client's investment objectives and investor risk profile. These investment objectives may be set forth in a
written Investment Policy Statement (IPS) that describes an asset allocation that conforms to a client’s risk
tolerance level and expected rate of return requirements. Investment and portfolio allocation software is used
to evaluate alternative portfolio designs. MWM evaluates clients’ existing investments with respect to their IPS
and works with new clients to develop a plan to transition from a client’s existing portfolio to the portfolio
recommended by MWM. MWM then continuously monitors clients’ portfolio holdings and holds regular review
meetings with clients regarding their accounts, as necessary.
MWM will utilize the financial information provided by the client to analyze and develop strategies and solutions
to assist the client in meeting their financial goals. MWM will allocate a client’s assets among various
investments taking into consideration the client’s unique ability, need, and willingness to take risk.
Investment and Wealth Management Services
MWM manages portfolios on a discretionary and, in very limited circumstances, non-discretionary basis. MWM
may also provide its clients with a broad range of services, as described in more detail below. MWM advises its
clients by delivering tailored wealth management services and solutions. These services are based on a
comprehensive understanding of each client’s current situation, past experiences, and future goals. With this
acquired knowledge MWM will create, analyze, strategize, and implement goal-oriented investment solutions.
These solutions become our client’s investment policy. This policy and our matched strategies are designed to
be risk appropriate, cost effective and tax efficient.
MWM provides clients with wealth management services which generally include a broad range of
comprehensive financial planning and consulting services, as well as discretionary and/or, in very limited
circumstances, non-discretionary management of investment portfolios.
MWM primarily allocates client assets among individual equities, debt securities, exchange-traded funds
("ETFs"), and institutional mutual funds, including mutual funds offered by Dimensional Fund Advisors (“DFA”),
in accordance with the client's stated investment objective and risk/volatility parameter. DFA sponsored mutual
funds follow a passive asset class investment philosophy with low holdings turnover. DFA funds are generally
only available through registered investment advisers approved by DFA. If you terminate our services to you
and self-manage your account(s) or transition to another adviser who has not been approved by DFA to utilize
DFA funds, restrictions regarding additional purchases of, or reallocation among other DFA funds will generally
apply. MWM may also occasionally recommend clients allocate a certain portion of their assets to independent
investment managers ("Independent Managers").
Where appropriate, MWM may also provide advice about many types of legacy positions or other investments
held in client portfolios or outside accounts. Clients may engage MWM to manage and/or advise on certain
investment products that are not maintained at their primary custodian, such as variable life insurance and
annuity contracts (to the extent permissible without an insurance license) and assets held in employer
sponsored retirement plans and qualified tuition plans (i.e., 529 plans). In these situations, MWM will direct or
make recommendations on a non-discretionary basis for the allocation of client assets among the various
investment options available with the product. These assets are generally maintained at the underwriting
insurance company or custodian for the plan trustee or administrator and clients retain responsibility for
effecting trades in these accounts.
MWM tailors its advisory services to meet the needs of its individual clients and seeks to manage client
portfolios in a manner consistent with the client's investment objective and risk tolerance parameter. MWM
consults with clients on an initial and ongoing basis to assess their specific risk tolerance, time horizon, liquidity
constraints and other related factors relevant to the management of their portfolios. Clients are advised to
promptly notify MWM if there are changes in their financial situation or if they wish to place any limitations on
the management of their portfolios. Clients may impose reasonable restrictions or mandates on the
management of their accounts if MWM determines, in its sole discretion, the conditions would not materially
impact the performance of a management strategy or prove overly burdensome to the Firm's management
efforts.
To the extent a client decides to invest with an Independent Manager or in a particular fund, those managers
and funds will have their own investment practices. Those investment practices are described in each
managers’ Form ADV or fund’s prospectus, or in its offering or other disclosure documents. In addition,
selected money managers or funds typically have discretion to determine the type and amount of securities to
be purchased or sold for the client for that portion of the client’s assets managed by the money manager or
fund.
Employee Retirement Income Security Act Retirement Plan Advisory Services
For employer-sponsored retirement plans with participant-directed investments, our firm provides its advisory
services as an investment advisor as defined under Section 3(21) of the Employee Retirement Income Security
Act of 1974, as amended (“ERISA”).
When serving as an ERISA 3(21) investment advisor, the Plan Sponsor and Mattern Wealth Management
share fiduciary responsibility. The plan sponsor retains ultimate decision-making authority for the investments
and may accept or reject the recommendations in accordance with the terms of a separate ERISA 3(21)
Investment Advisor Agreement
between Mattern Wealth Management and the plan sponsor. Mattern Wealth
Management may provide the following services to the Plan Sponsor:
• Screen investments and make recommendations.
• Monitor the investments and suggests replacement investments when appropriate.
• Plan cost comparison and evaluate fees paid by the employer for the plan.
• May assist the plan sponsor in developing an Investment Policy Statement (“IPS”).
• Annual education for employees either through on-site or via web conference by request.
We can also be engaged to provide financial education to Plan participants. The scope of education provided
to participants will not constitute “investment advice” within the meaning of ERISA and participant education
will relate to general principles for investing and information about the investment options currently in the Plan.
We may also participate in initial enrollment meetings and periodic workshops and enrollment meetings for
new participants.
Independent Managers
As mentioned above, MWM may select certain Independent Managers to actively manage a portion of its
clients' assets. Pursuant to the terms of the investment advisory agreement, MWM shall have the discretion to
appoint and terminate these third-party advisers. The specific terms and conditions under which a client
engages an Independent Manager may also be set forth in a separate written agreement with the designated
Independent Manager. In addition to this brochure, clients will also receive the written disclosure documents of
the respective Independent Managers engaged to manage their assets. MWM evaluates a variety of
information about Independent Managers, which may include the Independent Managers' public disclosure
documents, materials supplied by the Independent Managers themselves and other third-party analyses it
believes are reputable. To the extent possible, MWM seeks to assess the Independent Managers' investment
strategies, past performance and risk results in relation to its clients' individual portfolio allocations and risk
exposure. MWM also takes into consideration each Independent Manager's management style, returns,
reputation, financial strength, reporting, pricing and research capabilities, among other factors.
MWM continues to provide services relative to the discretionary or non-discretionary selection of the
Independent Managers. On an ongoing basis, MWM monitors the performance of those accounts being
managed by Independent Managers. MWM seeks to ensure the Independent Managers' strategies and target
allocations remain aligned with its clients' investment objectives and overall best interests.
Financial Planning and Consulting Services
MWM starts with an extensive review of a client's family situation which includes assets and liabilities as well
as estate, tax, and insurance needs. The Firm then employs a risk tolerance and risk capacity-focused
simulation to get a detailed cash flow analysis and proposed asset allocation. Together, this information is
analyzed to develop a proposed financial plan, which is designed to be dynamic in nature, ever-evolving due to
life changes resulting from changes in cash flow needs, risk tolerance, time horizon, or investment objectives.
MWM’s financial planning and consulting services may include any or all of the following functions:
Business Planning Liability Management
Cash Flow Forecasting Risk Management
Trust and Estate Planning Charitable Planning
Financial Planning Distribution Planning
Investment Consulting Tax Planning
Insurance Planning Retirement Plan Consulting
While each of these services is available on a stand-alone basis, certain of them may also be rendered in
conjunction with investment portfolio management services, as part of a comprehensive wealth management
engagement (described in more detail below). In performing these services, MWM is not required to verify any
information received from the client or from the client's other professionals (e.g., attorneys, accountants, etc.),
and is expressly authorized to rely on such information. MWM may recommend clients engage the firm for
additional related services, or we may recommend other professionals to implement recommendations made
by MWM. Such additional services by MWM or another professional will be provided for additional
compensation, commensurate with the nature, extent, complexity, and other characteristics of such services.
Clients are advised that a conflict of interest exists because the firm will have an incentive to recommend such
additional services based on the compensation to be received, rather than solely based on the client's needs,
and in some cases, based on the prospect of cross-referrals of advisory clients from the other professional or
his or her firm.
MWM also provides advice in the form of financial consultations. This hourly service consists of consultations
based on specific investment and financial concerns of the client. Consulting services may include, for
example, assistance with establishing and implementing a retirement plan, preparation or review of an
investment policy statement, the compilation of reports on various investment accounts, and asset allocation
recommendations. The scope and depth of the consultation varies depending on the client's particular
circumstances and needs. MWM provides financial planning and consulting services to non-advisory clients for
a fixed fee or hourly fee.
Clients are under no obligation to act upon any recommendations made by MWM under a financial planning or
consulting engagement or to engage the services of a third-party professional. Clients retain the absolute right
to decide whether or not to act on such recommendations, and if they choose to act on such
recommendations, whether to engage the Firm or such professional for such services or to engage another
investment adviser or professional of their choosing, which may charge less (or more) for such services.
Should a client choose to implement the recommendations contained in the plan, MWM suggests the client
work closely with his/her attorney, accountant and/or insurance agent.
Implementation of financial plan recommendations is entirely at the client's discretion. Financial planning
recommendations are of a generic nature and are not limited to any specific product or service offered by a
broker dealer or insurance company.
No Legal, Accounting or Tax Advice.
MWM will act solely in its capacity as a registered investment advisor and does not provide any legal,
accounting or tax advice. Client should seek the counsel of a qualified accountant and/or attorney when
necessary. MWM may assist clients with tax harvesting, and we will work with a client’s tax specialist to answer
any questions related to the client’s portfolio account.