Jeppson Wealth Management, LLC (“Jeppson Wealth Management”, “we”, “our,” or “us”) is a privately
owned limited liability company headquartered in Manhattan Beach, California.
Jeppson Wealth Management has been registered as an investment advisor with the U.S. Securities and
Exchange Commission (“SEC”) since 2019. The Firm was formed in February 2017 and is owned by Michael
Jeppson. As of December 31, 2023, Jeppson Wealth Management managed a total of approximately
$642,242,998 in assets for approximately 870 accounts all of which are on a discretionary basis.
Approximately 720 of these accounts with approximately $526,775,967 in assets are in a wrap program.
While this brochure generally describes the business of the Firm, certain sections also discuss the activities
of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons
occupying a similar status or performing similar functions), employees or any other person who provides
investment advice on the Firm’s behalf and is subject to the Firm’s supervision or control.
Advisory Services Offered
Jeppson Wealth Management offers discretionary and non-discretionary investment management and
investment advisory services. Prior to the Firm rendering any of the foregoing advisory services, clients
are required to enter into one or more written agreements with the Firm setting forth the relevant terms
and conditions of the advisory relationship (the “Advisory Agreement”).
Financial Planning and Consulting Services
Jeppson Wealth Management offers clients a broad range of financial planning and consulting services,
which may include any or all of the following functions:
• Retirement Planning
• Portfolio Management
• Trust and Estate Planning
• Investment Consulting
• Cash Flow Forecasting
• Distribution Planning
• Pension Planning
• Insurance Planning
• Risk Management
• Charitable Giving
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 as part of a comprehensive wealth management
engagement (described in more detail below).
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In performing these services, Jeppson Wealth Management is not required to verify any information
received from the client or from the client’s other professionals (e.g., attorneys, accounts, etc.) and is
expressly authorized to rely on such information. The Firm may recommend clients engage the Firm for
additional related services, its Supervised Persons in their individual capacities as insurance agents or
register representatives of a broker-dealer and/or other professionals to implement its recommendations.
Clients are advised that a conflict of interest exists if client engages Firm or its affiliates to provide
additional services for compensation. Clients retain absolute discretion over all decisions regarding
implementation and are under no obligation to act upon any of the recommendations made by the Firm
under a financial planning or consulting engagement. Clients are advised that it remains their
responsibility to promptly notify the Firm of any change in their financial situation or investment
objectives for the purpose of reviewing, evaluating, or revising the Firm’s recommendations and/or
services.
Wealth Management Services
Jeppson Wealth Management provides clients with wealth management services which may include a
broad range of comprehensive financial planning and consulting services as well as discretionary and/or
non-discretionary management of investment portfolios.
Under an investment management engagement, the Firm primarily allocates client assets among various
individual equity and debt securities, fixed income, mutual funds, and exchange-traded funds (“ETFs”) in
accordance with their stated
investment objectives.
Where appropriate, Jeppson Wealth Management may also provide advice about any type of legacy
position or other investments held in client portfolios. Clients may engage the Firm to manage and/or
advice on certain investment products that are not maintained at their primary custodian, such as variable
life insurance and annuity contracts and assets held in employer sponsored retirement plans. In these
situations, Jeppson Wealth Management directs or recommends 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 the custodian designated by the product’s provider.
Jeppson Wealth Management tailors its advisory services to meet the needs of its individual clients and
seeks to ensure, on a continuous basis, that client portfolios are managed in a manner consistent with
those needs and objectives. The Firm 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 Jeppson Wealth Management 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 if the
Firm 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.
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Use of Independent Managers
As mentioned above, Jeppson Wealth Management may select certain Independent Managers or Sub-
Advisors to actively manage a portion of its clients’ assets. The specific terms and conditions under which
a client engages an Independent Manager may be set forth in a separate written agreement with the
designated Independent Manager. In addition to this brochure, clients may also receive the written
disclosure documents of the respective Independent Managers engaged to manage their assets.
Jeppson Wealth Management 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 analysis it believes are reputable. To the extent
possible, the Firm seeks to assess the Independent Managers’ investment strategies, past performance,
and risk results in relation to its clients’ individual portfolio allocations and risk exposure. The Firm also
takes into consideration each Independent Manager’s management style, returns, reputation, financial
strength, reporting, pricing, and research capabilities, among other factors.
Jeppson Wealth Management continues to provide services relative to the discretionary or non-
discretionary selection of Independent Managers. On an ongoing basis, the Firm monitors the
performance of those accounts being managed by Independent Manager. The Firm seeks to ensure the
Independent Mangers’ strategies and target allocations remain aligned with its clients’ investment
objectives and overall best interests.
Sponsor and Manager of Wrap Program
Jeppson Wealth Management provides substantially all investment management services as the sponsor
and manager of the Jeppson Wealth Management Wrap Program (the “Wrap Program”), a wrap fee
program where transactional, custodial, independent manager, and other similar fees are absorbed by
the Firm. Accounts managed through the Wrap Program are done so in substantially the same manner as
those that may be managed under a non-wrap arrangement. Additional information about the Wrap
Program is available in Jeppson Wealth Management’s Wrap Brochure, which appears as Part 2A
Appendix 1 of the Firm’s Form ADV.