Firm Description
FIDELIS iM, LLC (“FIDELIS iM,” “we,” “our”, or “us”) is an Oregon based Registered Investment Advisor
(RIA) providing investment management and retirement planning services for individuals and retirement
plans. The company was founded in 2012 with the common goal of building a dynamic, client focused
environment designed to foster long-term relationships based on high moral principles and equality. The
company’s principals have over 50 years of experience in the investment management industry.
FIDELIS iM is a privately owned Oregon limited liability company, headquartered in Medford, OR. We
manage internally developed investment models utilizing low-cost exchange traded funds and/or index
funds and have numerous investment strategies to meet the needs of our individual clients. Please see
Methods of Analysis and Investment Strategies for information on our investment portfolios. In addition,
we manage company defined contribution and defined benefit plans (401k, 403b, cash balance), with a
well-defined focus on helping plan sponsors meet their compliance obligations while providing low cost,
professionally managed portfolios to participants.
At FIDELIS iM, our mission is to remain faithful to our clients and to the relationships that shape our core.
We make decisions based on a professional fiduciary responsibility to our clients, utilizing sensible
investment strategies. Through clarity and objectivity, peace of mind is achieved and relationships
flourish. Thank you for reading more about our firm.
Principal Owners
The principal owners are Keegan Denn, CFP®, and Tracy Richards.
Types of Advisory Services
We provide our clients with investment management, financial planning, and retirement planning services,
managing accounts on a discretionary basis. This means our clients give us the authority to buy and sell
securities for their accounts (“discretionary authority”). We do not provide services on a non‐discretionary
basis. FIDELIS iM has the ongoing responsibility to manage our client accounts, based upon the
objectives of the client.
FIDELIS iM specializes in managing low‐cost, well‐balanced, and globally diversified portfolios. We use
exchange traded funds (ETFs) and index mutual funds representing a broad selection of asset classes.
ETFs and index funds seek to achieve the same return as a particular market index or asset class.
We manage client accounts according to the investment strategy identified as a prudent portfolio for our
client. We make investment decisions for client accounts based on the information clients supply about
their general financial situation, goals, risk tolerance, and return objectives. Our recommendations may
be limited if a client does not provide us with accurate
and complete information or fails to keep us
informed of any changes to the client’s investment objectives, general financial situation, or restrictions.
FIDELIS iM may offer investment advice on any investment held by the client at the start of the advisory
relationship. We may also occasionally offer advice regarding additional types of investments, if
appropriate, to address the individual needs, goals, and objectives of the client or in response to client
inquiry. We outline the material investment risks for types of securities that we recommend under the
heading Specific Security Risks in Risk of Loss Considerations below. The investment management
strategies offered by FIDELIS iM are formulated and supervised by our investment committee
(“Committee”). The Committee consists of Keegan Denn, CFP® and Tracy Richards. The Committee is
responsible for developing and monitoring all of our investment strategies. We describe the fees charged
for investment management services below under Fees and Compensation.
In offering investment management, financial planning, and retirement planning services, the following
limitations apply:
1. Limitation on Equities – FIDELIS iM does not normally invest in individual equity securities,
except for exchange traded funds (ETFs) which trade during the day like individual securities. We
will transact in individual equities when selling existing holdings of new client accounts. We
typically do not conduct individual fixed income securities transactions except when liquidating
existing positions in new client accounts or for cash management purposes. Occasionally, there
may be a case where individual securities transferred into a FIDELIS iM managed account are
held due to a cost prohibitive tax situation or other client request.
2. Limitations on Mutual Funds - FIDELIS iM generally limits recommendations of open‐end mutual
funds to no‐load index funds.
3. Limitation by Custodian - All clients establish accounts with Schwab Advisor Services, a division
of Charles Schwab & Co., Inc. (“Schwab”), TD Ameritrade Trust Company (TD), or
Broadridge/Matrix Financial.
4. Limitation by Client - Clients may also request restrictions on their accounts. FIDELIS iM reserves
the right to not accept and/or to terminate management of a client account if we feel that the client
imposed restrictions would limit or prevent us from meeting or maintaining the client’s investment
strategy.
5. FIDELIS iM does not participate in a wrap fee program.
In addition to investment management, financial planning, and retirement planning services, FIDELIS iM
may conduct educational workshops/seminars free of charge.
Client Assets
As of 12/31/2023, discretionary assets under management were $219,363,674.