Our Firm and Our Services
Atlantic Wealth Partners, LLC is an SEC registered investment advisor
established in 2017 as a limited liability company formed under the laws of
the State of Florida. Stephen T. Olson is the founder and sole managing
principal of our firm. Our principal office is located in Jupiter, Florida.
The information contained below describes our investment advisory
services, practices, and fees. Please refer to the description of each
investment advisory service listed below for information on how we tailor
our services to the needs of our clients. As used throughout this firm
brochure, the words “we,” “our,” “firm,” “AWP,” and “us” refer to Atlantic
Wealth Partners, LLC, and the words “you,” “your,” and “client” refer to you
as either a client or prospective client of our firm.
We provide individuals and families with customized, comprehensive wealth
management, financial planning, and investment advisory services to meet
their goals while remaining sensitive to their emotional and financial
tolerance to risk and the time horizon for their investments and financial
objectives.
As your fiduciary, it is our legal and moral duty to always act in your best
interests. This is accomplished by understanding the details and challenges
of our clients’ financial lives. Together, we:
1. Identify areas of financial, legal, and tax exposure in order to establish
and set clear financial objectives; and
2. Collaborate and coordinate with your tax and legal advisors to establish
clear, written, and unbiased recommendations.
Prior to forming an investment advisor-client relationship with you, we may
offer a complimentary general consultation to discuss the nature of our
service offerings and to determine how we may best assist you to achieve
your financial goals and objectives. Investment advisory services begin only
after the client and AWP execute a written investment advisory agreement.
There is no obligation to engage our firm for further services.
We offer the following investment advisory services to our clients:
Private Wealth Management (“PWM”) Services
Our PWM Services combine ongoing portfolio management and organic
financial planning services designed to assist our clients in the overall
management of their financial affairs. Our long-term relationship with you
under this program is strengthened by regular consultations focused on
goal-driven strategy and execution.
As a PWM Services client, you will typically be required to grant AWP
discretionary authority to manage your designated account(s). This means
AWP will be authorized to implement its investment recommendations
directly within your designated account(s) held at the custodian without
obtaining your prior approval for each specific transaction. We will only
exercise this authority in accordance with our understanding of your unique
investment objectives, needs, and suitability. In rare instances, we may
agree to manage your account on a non-discretionary basis. In these
circumstances, we will be required to obtain your approval prior to
implementing any transactions within your account.
During the initial and early stage information share meetings we seek to
review, evaluate, and understand the entirety of your financial situation,
existing resources, goals, and your tolerances for risk. We will then develop,
document, and share our immediate considerations to further your stated
goals.
Based on our dialogue and the supporting information, we will then develop
and present you with a detailed, individualized investment portfolio typically
comprised of mutual funds and exchange traded funds (“ETFs”), fixed
income instruments (e.g., treasuries, money market funds, corporate
bonds, asset-backed securities, municipal bonds and international bonds)
individual equity securities (i.e., stocks), and/or other public and private
securities or investments. At your request, we may also provide you with
recommendations for the disposition of any legacy assets contained in your
account at the onset of our relationship.
Depending on your investment objectives and needs, we may utilize an
“Overlay Management Feature” that creates a custom asset allocation
model for your account incorporating the use of certain independent third-
party asset managers, sub-advisors, and/or private investment managers
(collectively, “TPAMs”) that we may recommend to manage all or a portion
of your account. We will only recommend TPAMs when we believe the same
to be in your best interests, acting in our capacity as your fiduciary. Through
our overlay feature, we will recommend allocations of your assets to the
recommended TPAMs who will in-turn conduct investment research,
implement trade orders, invest and reinvest your assets in the strategy
designated or selected by our firm on a discretionary basis, and perform
any necessary periodic rebalancing of your account. You will be provided
with a copy of each recommended TPAM’s
Form ADV Part 2 (or equivalent
disclosure information) prior to entering into any TPAM engagements.
Following implementation of your initial investment portfolio, we will
monitor the performance of your account on an ongoing basis, including any
assets managed by TPAMs, and implement changes as needed or
appropriate, in consideration of current economic conditions, our market
opinions and assumptions, and your individual financial circumstances, all
in pursuit of your ultimate investment goals. It is your ongoing responsibility
to advise us in writing of any material changes to your financial
circumstances during our relationship.
In addition to ongoing management of your investment portfolio, we will
also provide you with financial planning services that may encompass a
variety of topics such as retirement and estate planning, investment
planning, education planning, tax planning, debt/credit analysis, charitable
giving, and other areas, as may be relevant to you. These planning services
will include delivery of an informal written summary or checklist of action
items and recommendations addressing the selected financial topics
(“Summary Recommendations”). Our Summary Recommendations will be
updated annually, or otherwise, at your reasonable request. Frequent
requests for updates of our Summary Recommendations may require
payment of additional fees at our then applicable rates.
Implementation decisions regarding any of our Summary Recommendations
for assets held away from the accounts we manage directly on your behalf
are at the exclusive discretion of the client and may be completed by our
firm, at your option, subject to the payment of applicable advisory fees. You
are under no obligation to use our firm to implement any of our Summary
Recommendations for assets held away from the account placed under our
direct management.
Pension Consulting Services
We offer ongoing Pension Consulting Services to employee benefit plans and
their fiduciaries based upon the needs of the plan and the services
requested by the plan sponsor or named fiduciary. In general, these
services may include an existing plan review and analysis, plan-level advice
regarding fund selection and investment options, and/or education services
to plan participants regarding risk tolerance and investment choices.
NOTE: Certain plans we may provide services to are regulated under the
Employee Retirement Income Securities Act of 1974 (“ERISA”). We will
provide Pension Consulting Services to the plan sponsor and/or fiduciaries
as described above for the fees set forth in Item 5 of this brochure. The
consulting services we provide are advisory in nature. In providing services
to any plan and its underlying participants, our status is that of an
investment adviser registered with the SEC. We are not subject to any
disqualifications under Section 411 of ERISA. In performing fiduciary
services, we are acting as a fiduciary of the Plan as defined in Section 3(21)
under ERISA, only. In all cases, our status as a fiduciary under ERISA is
clearly disclosed in a written advisory agreement. If there is any discrepancy
between the disclosures in this paragraph and the agreement, the
agreement shall govern.
Types of Investments Recommended
We typically recommend the following types of investments: stocks, bonds,
mutual funds, ETFs, limited partnerships (such as hedge funds or private
equity), TPAM managed accounts, variable annuities, life insurance
(including private placement life insurance), direct investments in real
estate, oil, gas, or other privately held businesses. Other types of
investments may be recommended depending on the client’s specific
investment needs and suitability for investments. Clients are advised that
all (or substantially all) of the investment products and TPAMs we
recommend can be invested in or otherwise be accessed by the client
directly, without the services of our firm; however, the client would not
receive our assistance in determining which products and services are most
appropriate to the client’s financial condition and objectives.
Investment Restrictions
Our firm does not usually allow clients to impose restrictions on investing in
certain securities or types of securities due to the level of difficulty this
would entail in managing their account. This is especially difficult when
TPAMs are engaged to manage client assets, since our firm does not directly
trade the account. We will work with clients to make exceptions to this policy
on a case-by-case basis, where we determine such exceptions and
restrictions to be reasonable, in our sole discretion.
Participation in Wrap Fee Programs
We do not offer or sponsor any wrap fee programs.
Regulatory Assets Under Management
As of December 31, 2023, we managed approximately $227,741,225 of
client assets on a discretionary basis and $0 of client assets on a non-
discretionary basis.