A. Firm Information
AdamsBrown Wealth Consultants, LLC ("AdamsBrown" or the "Advisor") is a registered investment advisor with
the U.S. Securities and Exchange Commission ("SEC"). AdamsBrown is organized as a Limited Liability
Company ("LLC") under the laws of the State of Kansas in October 2019 and became a registered investment
advisor in April 2020. AdamsBrown is a wholly-owned subsidiary of AdamsBrown, LLC. Justin. T. Mitchell
(Principal and Managing Wealth Consultant) serves as the principal officer of the Advisor.
This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory
services provided by AdamsBrown. For information regarding this Disclosure Brochure, please contact Brenda
Bickle (Chief Compliance Officer) at (785) 628-3046.
B. Advisory Services Offered
AdamsBrown offers wealth management services to individuals, high net worth individuals, trusts, estates,
businesses, retirement plans, and charitable organizations (each referred to as a "Client").
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a
fiduciary, the Advisor upholds a duty of loyalty, fairness, and good faith towards each Client and seeks to
mitigate potential conflicts of interest. Our fiduciary commitment is further described in our Code of Ethics. For
more information regarding our Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in
Client Transactions and Personal Trading.
Wealth Management Services
AdamsBrown provides customized wealth management solutions for its Clients. This is achieved through
continuous personal Client contact and interaction while providing discretionary investment management and
related financial planning services. AdamsBrown works closely with each Client to identify their investment goals
and objectives as well as risk tolerance and financial situation in order to design a portfolio strategy.
Investment Management Services – AdamsBrown will then construct an investment portfolio consisting of
exchange-traded funds ("ETFs") and/or mutual funds to achieve the Client's investment goals. The Advisor may
also utilize individual stocks, bonds, other types of investments, as appropriate. The Advisor may also utilize
margin to meet the needs of its Clients. The Advisor may retain certain legacy investments based on portfolio fit
and/or tax considerations.
AdamsBrown's investment strategies are primarily long-term focused, but the Advisor may buy, sell or re-
allocate positions that have been held for less than one year to meet the objectives of the Client or due to
market conditions. AdamsBrown will construct, implement, and monitor the portfolio to ensure it meets the
goals, objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the
opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio,
subject to acceptance by the Advisor.
AdamsBrown evaluates and selects investments for inclusion in Client portfolios only after applying its internal
due diligence process. AdamsBrown may recommend, on occasion, redistributing investment allocations to
diversify the portfolio. AdamsBrown may recommend specific positions to increase sector or asset class
weightings. The Advisor may recommend employing cash positions as a possible hedge against the market
movement. AdamsBrown may recommend selling positions for reasons that include but are not limited to
harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities,
overvaluation or overweighting of the position[s] in the portfolio, changes in risk tolerance of the Client,
generating cash to meet Client needs, or any risk deemed unacceptable for the Client's risk tolerance.
Selection of Other Advisors
AdamsBrown will have discretionary authority to select one or more sub-advisor(s) (individually “Sub-Advisor”
and collectively “Sub-Advisors”) to manage the Account or a portion of the assets of the Account. The decision
to select a Sub-Advisor is based on each client’s individual needs.
When a Sub-Advisor is selected by AdamsBrown, the Sub-Advisor will have discretionary authority over Client
Accounts to place trades and make changes to the Account or the portion of the Account the Sub-Advisor is
authorized to manage.
AdamsBrown will conduct initial and ongoing due diligence of any recommended Sub-Advisor and monitor the
performance of the Sub-Advisor with respect to the Sub-Advisor’s management of the designated assets of
Account relative to appropriate peers and/or benchmarks.
AdamsBrown will be available to answer questions clients have regarding any portion of client’s Account
managed by a Sub-Advisor and will act as the communication conduit between Client and the Sub-Advisor. The
recommendation of Sub-Advisors, or other products and funds, is done on a discretionary basis with the specific
terms outlined in your Advisory Agreement. When a client authorizes the Advisor to have the ability to select
Sub-Advisors or other products and funds on a discretionary basis, AdamsBrown will have the authority to select
and terminate Sub-Advisors, products or funds without the client’s specific approval.
A complete description of the Sub-Advisor’s services, practices and fees will be disclosed in the Sub-Advisor’s
Form ADV Part 2A that will be provided to client.
Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over
the assets to an IRA or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of
account to another account (e.g., commission-based
account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor earns a new
(or increases its current) advisory fee as a result of the transaction. No client is under any obligation to roll over
a retirement account to an account managed by the Advisor.
At no time will AdamsBrown accept or maintain custody of a Client's funds or securities, except for the limited
authority as outlined in Item 15 - Custody. All Client assets will be managed within the designated account[s] at
the Custodian, pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices.
Financial Planning Services – AdamsBrown will typically provide a variety of financial planning and consulting
services to Clients. Financial planning services are typically included in an overall wealth management
engagement. Services are offered in several areas of a Client's financial situation, depending on their goals,
objectives, and financial circumstance. Generally, such financial planning services involve preparing a formal
financial plan or rendering a specific financial consultation based on the Client's financial goals and objectives.
This planning or consulting may encompass one or more areas of need, including but not limited to investment
planning, retirement planning, personal savings, education savings, insurance needs, and other areas of a
Client's financial situation.
A financial plan developed for or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings, and/or charitable giving programs.
AdamsBrown may also refer Clients to an accountant, attorney, or other specialists, as appropriate for their
unique situation. For certain financial planning engagements, the Advisor will provide a written summary of the
Client’s financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the
Advisor may not provide a written summary. Plans or consultations are typically completed within six (6) months
of the contract date, assuming all information and documents requested are provided promptly.
Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the
interests of the Client. For example, a recommendation to engage the Advisor for investment management
services or to increase the level of investment assets with the Advisor would pose a conflict, as it would increase
the advisory fees paid to the Advisor. Clients are not obligated to implement any recommendations made by the
Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the
recommendations made by the Advisor, the Client is under no obligation to implement the transaction through
the Advisor.
Retirement Plan Advisory Services
AdamsBrown provides retirement plan advisory services on behalf of the retirement plans (each a "Plan") and
the company (the "Plan Sponsor"). The Advisor's retirement plan advisory services are designed to assist the
Plan Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each engagement is
customized to the needs of the Plan and Plan Sponsor. Services generally include:
● Vendor Analysis
● Plan Participant Enrollment and Education Tracking
● Investment Policy Statement ("IPS") Design and Monitoring
● Investment Oversight Services (ERISA 3(21))
● Investment Management Services (ERISA 3(38))
● Performance Reporting
● Ongoing Investment Recommendation and Assistance
● ERISA 404(c) Assistance
These services are provided by AdamsBrown serving in the capacity as a fiduciary under the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"). In accordance with ERISA Section 408(b)(2),
the Plan Sponsor is provided with a written description of AdamsBrown's fiduciary status, the specific services to
be rendered, and all direct and indirect compensation the Advisor reasonably expects under the engagement.
Retirement Plan Consulting Services
AdamsBrown provides retirement plan consulting services on behalf of the retirement plans (each a "Plan") and
the company (the "Plan Sponsor"). The Advisor's retirement plan consulting services are designed to assist the
Plan Sponsor in meeting its needs to assist the Plan and its Plan Participants. Each engagement is customized
to the needs of the Plan and Plan Sponsor. Services generally include:
● Service Provider Analysis
● Plan Participant Education
● Group Enrollment Assistance
● Request for Proposal
C. Client Account Management
Prior to engaging AdamsBrown to provide wealth management services, each Client is required to enter into
one or more agreements with the Advisor that define the terms, conditions, authority, and responsibilities of the
Advisor and the Client. These services may include:
• Establishing an Investment Strategy – AdamsBrown, in connection with the Client, will develop a
strategy that seeks to achieve the Client's goals and objectives.
• Asset Allocation – AdamsBrown will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation, and tolerance of risk for each Client.
• Portfolio Construction – AdamsBrown will develop a portfolio for the Client that is intended to meet the
stated goals and objectives of the Client.
• Investment Management and Supervision – AdamsBrown will provide investment management and
ongoing oversight of the Client's investment portfolio.
D. Wrap Fee Programs
AdamsBrown does not manage a wrap fee program.
E. Assets Under Management
As of December 31, 2023, AdamsBrown manages $651,713,680 in Client assets, $592,680,724 of which is
managed on a discretionary basis and $59,032,956 on a non-discretionary basis. Clients may request more
current information at any time by contacting the Advisor.