Firm Description
The advisory firm Wealth Management Group, Inc. was established in 1999. On January
20, 2019, Wealth Management Group, Inc. filed with the North Carolina Secretary of
State an Assumed Business Name Certificate to use the business name Accruent Wealth
Advisors. There was no change in control or ownership moving to the assumed business
name.
Wealth Management Group, Inc. also known as Accruent Wealth Advisors (“AWA” or
“Advisor”) is a fee-only financial planning firm that specializes in providing personalized,
confidential financial planning and investment management to individuals. AWA serves as
the trusted guide to help clients identify their personal financial objectives; find solutions
to their financial problem areas; design and simplify their cash flow, perform tax planning
as well as individual tax preparation, advising on financial risk and investment allocations,
retirement planning, insurance, and estate planning. All services are tailored to the client’s
unique objectives. AWA does not sell insurance or investment products, nor does it accept
commissions as a result of any product recommendations. AWA does not pay referral or
finder’s fees, nor does it accept such fees from other firms.
When we provide investment advice to you regarding your retirement plan account or
individual retirement account, we are fiduciaries within the meaning of Title I of the
Employee Retirement Income Security Act and/or the Internal Revenue Code, as
applicable, which are laws governing retirement accounts. The way we make money creates
some conflicts with your interests, so we operate under a special rule that requires us to act
in your best interest and not put our interest ahead of yours.
Principal Owners
David J. Klepeisz, EA, CFP® is Chief Executive Officer, Chief Compliance Officer, and
principal shareholder of Wealth Management Group, Inc.
Types of Advisory Services
Accruent Wealth Advisors provides the following types of services:
1. Wealth Management Retainer Agreement: The Wealth Management Retainer
Agreement provides holistic/personalized financial planning for a fixed annual fee.
The client agrees to an ongoing relationship with AWA as their trusted guide
regarding most areas of their life.
The goals and objectives of each client are retrieved and documented.
Recommendations provided are uniquely individual to the client and their current
situation. Detailed investment advice and specific recommendations are provided as
part of this process. Implementation of the recommendations is always at the
discretion of the client.
During the Initial Year there are a number of meetings covering from five to ten
client-relevant topics (see list below). Usually, each topic is covered in a separate
meeting. If requested the number of meetings can be reduced by combining several
topics in one longer appointment. Meetings are held face-to-face or via secure
computer link and/or telephone lines. Business development and/or education
funding may also be included where appropriate. Implementation services are
provided as needed.
• Tax preparation
• Budgeting and cash flow
• Tax planning
• Record-keeping
• Inventory of client assets
• Retirement planning
• Portfolio analysis
• Goal setting
• Develop asset allocation strategies
• Estate planning review
• Investment Selection
• Small business planning
• Insurance analysis
• Education planning
• Analysis of employee benefits
In Successive Years, the number of meetings is typically 3-4 appointment topics and
will depend on what is appropriate for the client:
• Tax planning & Tax preparation
• Goal setting/review
• Investment review/update
• Rebalancing of assets
• Financial planning and/or any financial services as requested or needed by the client
AWA’s investment management services are provided on a discretionary basis. AWA has some
legacy clients under a wealth management agreement for non-discretionary authority. For these
clients, AWA still obtains the client’s prior consent to placing a trade in their account. For clients
who have authorized AWA with discretionary authority, AWA will conduct trades in these clients’
accounts always within their client’s best interest but without first obtaining their consent.
2. Other Financial Planning Services:
a. Financial Tune Up: A Financial Tune Up consists of a two-hour review of up to
three financial planning questions selected in advance by the client. No follow-up
services are provided with the Financial Tune Up.
b. Tax Preparation: Tax preparation work is included in the Full Retainer
Agreement. It is also available on a selective basis as a standalone project.
Tax preparation work performed outside any other agreement has a minimum
fee of $250. Eligible federal and applicable state returns are filed electronically
without any additional fee.
c. Custom Project: A custom built project based on the needs and wishes of the
client. Typically designed to cover one specific issue or topic.
3. Investment Management Only: Available for clients looking solely for ongoing,
discretionary investment management including investment selection, trading,
monitoring, and reporting. This service does not provide for any other services such
as financial advice, tax preparation, or regular face-to-face meetings.
After consultation with us, clients may impose restrictions on investing in certain
securities or types of securities. All restrictions must be in writing.
Assets are invested primarily in no-load mutual funds and exchange-traded funds,
through a discount broker. Fund companies charge each fund shareholder an
investment management fee that is disclosed in the fund prospectus. Discount
brokerages may charge a transaction fee for the purchase of some funds.
Amount of Assets Under Management
As of December 31, 2022, Accruent Wealth Advisors had $101,685,267 in assets under
management on a discretionary basis and $27,425,698 in assets under management on a
non-discretionary basis.