Firm Description
Firstmetric, LLC (“we”, ”us”, “our”) is a privately held limited liability company founded in 2017 and organized
in the state of Michigan and is registered as an investment adviser with the U.S. Securities and Exchange
Commission (“SEC”).
Scott C. Salaske, Chief Executive Officer and Chief Compliance Officer is Firstmetric’s
principal owner and is the sole Member and Manager of Firstmetric, LLC.
The foundation of Firstmetric® is built upon maintaining a culture of ethics and integrity with a strong
emphasis on clear and transparent communications with our clients and the public. At the core of
Firstmetic’s culture is our strong embrace of the fiduciary duty of putting your interests first at all times.
Advisory Services
Firstmetric® offers the following Advisory Services to individuals, high net worth individuals, trusts,
foundations, estates, business entities, qualified retirement plans and charitable organizations throughout
the United States:
> Ongoing discretionary investment advisory and portfolio managementof your investment account(s).
This includes asset allocation strategy design, investment selection, portfolio implementation and
maintenance, periodic rebalancing, tax optimization (which includes, but is not limited to asset location of
your investments by account type and tax loss harvesting, if applicable, based on your types of accounts),
and monitoring and reporting through our online client portal. We manage your account(s) on a
discretionary basis, which means you give us the authority to purchase or sell securities for your account(s)
at our discretion as outlined in your written Investment Policy Statement (“IPS”) and/or financial snapshot.
We do not provide ongoing investment advisory and portfolio management services on a non-discretionary
basis.
If you don’t currently use an index fund based investment approach and have legacy investment securities
in your taxable investment account(s) with significant unrealized capital gains tax liability we evaluate your
existing legacy investment securities and work with you to develop a strategy to transition from your legacy
investment securities to an index fund based investment approach over time. This entails working around
your legacy investment securities in your non-retirement taxable investment account(s) to make the
transition to an index fund based investment approach less taxing and/or tax neutral by managing the
timing of realizing any capital gains in the liquidation of your legacy investment securities.
> Initial and ongoing financial advice/guidanceto understand and create a financial snapshot towards
plotting your financial goals and investment objectives, which may include some or all of the following
elements and could vary from client-to-client: risk tolerance discussions, your time horizon, rate of return
expectations and requirements, cash flow analysis (focusing on five-year increments), retirement income
strategies, Social Security analysis, pension analysis, Roth IRA conversion strategies, charitable giving
strategies, tax planning, collaboration with your CPA and estate planning professionals and other items as
necessary. Our advice/guidance may be limited if you do not provide us with accurate and complete
information, or fail to keep us informed of any changes to your investment objectives, general financial
situation and changing financial goals, tax status, restrictions or other relevant information. At your request,
we may review and/or update your financial snapshot and/or IPS if it’s mutually determined by you and
Firstmetric during our periodic communications such documents should be updated. Financial
advice/guidance services are not offered as a standalone service and are only offered in conjunction with
ongoing discretionary investment advisory and portfolio management services.
Firstmetric® Form ADV Part
2A | Page 5
Types of Investments
Firstmetric® will create and manage your investment account(s) using low-cost, diversified passive index
funds and asset class investment securities. We may use model portfolios if a model matches your financial
goals and investment objectives, otherwise we may customize any model to match your financial goals and
investment objectives. Firstmetric® will allocate your assets among various investments taking into
consideration your unique ability, need and willingness to take investment risk. Mutual funds and/or
exchange traded funds (“ETFs”) that follow a passive index fund and/or an asset class investment
philosophy generally have low turnover. Consequently, the fund expenses are generally lower than fees and
expenses charged by other types of active funds or investment strategies.
ERISA Accounts
Although Firstmetric® is a fiduciary to all clients, we expressly state once again in this section that we are
fiduciaries to employee benefit plans or individual retirement accounts pursuant to the Employee Retirement
Income Security Act (“ERISA”) and regulations under the Internal Revenue Code of 1986 (the “Code”),
respectively. We acknowledge that we are a fiduciary and our investment management services are for the
exclusive benefit of plan participants. Firstmetric® discloses information about our investment management
services that we provide and the compensation we receive for such services in both our Investment
Management Agreement and in this ADV Part 2A. Additional information can be found under Item 5 | Fees
and Compensation and Item 7 | Types of Clients sections below.
Investment Restrictions
You may request reasonable restrictions and/or customizations be placed on your account(s). Firstmetric®
reserves the right to not accept and/or to terminate management of your account(s) if we feel that your
imposed restrictions and/or customizations would not be in your best interest or limit or prevent us from
meeting or maintaining your financial goals and/or investment objectives.
Limitations on Investment Securities
We typically do not invest in individual equity securities, except for ETFs that trade during the day like
individual securities. We typically only transact in individual equities and bonds when selling existing
individual holdings of new client account(s) or in the course of implementing and following a legacy
securities liquidation plan as discussed under Advisory Services.
Some of the investment securities we purchase are institutional share class mutual funds with lower costs
that are not ordinarily available to the general public. Examples of such funds, but are not limited to, mutual
funds offered by
Dimensional Fund Advisors(“DFA”),
Vanguardand/or
iShares.
Limitations by Custodian
We require you to establish your investment account(s) with Schwab Advisor Services, a division of Charles
Schwab & Co., Inc. (“Schwab”). Schwab is a registered broker-dealer, Members FINRA/SIPC. Schwab is a
qualified custodian for Firstmetric® client accounts. Firstmetric® may be limited to the investment securities
available to transact through Schwab.
Wrap Fee Programs
We do not offer or manage your account(s) as part of a wrap or bundled fee program.
Firstmetric® Form ADV Part 2A | Page 6
No Legal or Tax Advice
Firstmetric® does not provide any legal or tax advice. You should seek the counsel of a qualified
accountant, CPA and/or attorney when necessary or appropriate for legal and/or tax advice.
Assets Under Management
Firstmetric® manages client accounts and assets on a discretionary basis. Discretionary client assets under
management as of December 31, 2023 were approximately $278,473,373.
Firstmetric® Form ADV Part 2A | Page 7