General Description of the Firm
Minerva Wealth Advisory, LLC (Minerva, we, our, us) is an SEC Registered Investment Advisor.
Formed in November 2015. Minerva is wholly owned by Dalya Inhaber. Additional information about
Minerva's products, structure and owners is provided on Part 1 of Minerva's Form ADV which is
available online at
http://www.adviserinfo.sec.gov. We encourage visiting our website
www.Minervawealth.com for additional information.
As an investment advisory firm, Minerva offers services to clients on an as needed basis. With a focus
on financial planning, Minerva meets with all clients, either in person or virtually, and gathers extensive
information. Some clients engage Minerva to generate a financial plan which details the client's
financial profile, risk profile and investment objectives before making recommendations for future
course of action. Minerva may recommend additional specific professional advice from either affiliated
or unaffiliated professionals such as attorneys, accountants or insurance brokers.. For financial
planning engagements, Minerva charges a one time retainer or hourly financial planning fee. For those
Minerva clients that wish to engage Minerva for the investment implementation phase, specific
accounts can be managed on either a discretionary or non-discretionary basis. Minerva can also
employ outside advisors in a "sub-advisor" capacity to assist in the management of those accounts or
a specific account. If Minerva uses other investment advisors, Minerva will discuss the advisor with the
client(s) first.
Summary of Minerva's Advisory Services
Minerva Wealth Advisory LLC provides fee-only, financial planning and investment advisory services to
individuals and families. Advisory services cover key areas of financial planning: budgeting, retirement
planning, tax planning, estate planning, investments, insurance, education planning and employee
benefits.
Portfolio and investment recommendations may be implemented by Minerva, or the client may
implement the portfolio in a brokerage account unrelated to Minerva.
Minerva will work with the client's attorney and accountant to coordinate the financial plan. Minerva
does not provide legal or accounting advice. Neither Minerva, nor any of its representatives, serves as
an attorney or accountant. Minerva may recommend the services of other professionals (i.e., attorneys,
accountants, insurance, etc.). The client is under no obligation to engage the services of any such
recommended professional. The client retains absolute discretion
over all such implementation
decisions and is free to accept or reject any recommendation from Minerva.
Tailored Services and Investment Restrictions
Minerva shall provide investment advisory services specific to the situation and goals of each client.
Prior to providing investment advisory services, Minerva will ascertain the client's general financial
condition and financial goals. The client may, at any time, impose reasonable restrictions on the
selected investments. For example, a client may restrict investments to those consistent with non-
financial objectives.
When appropriate, Minerva may employ tax-loss harvesting strategies, selling securities with
investment losses to offset taxes due on other gains and income.
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Wrap Fee Program
Minerva does not participate in a wrap fee program.
IRA Rollover Recommendations
Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field
Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's
Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the
following acknowledgment to you.
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. Under
this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent
advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest.
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of December 31, 2023, Minerva manages $52,887,543 in client assets on a discretionary basis.
This total is calculated using the closing U.S. market prices from December 29, 2023.