Firm Description
Timberchase Financial, LLC was founded in 2004 by Bryan Hancock. Timberchase
Trust, which is controlled by Bryan Hancock, and James Tyler Moore own
Timberchase Financial, LLC.
Timberchase is strictly a fee-only firm. The firm is not formally affiliated with entities
that sell financial products or securities. No commissions in any form are accepted
for work related to existing clients. Clients pay the firm directly for work performed
on the client’s behalf.
Timberchase provides personalized, financial planning and investment
management services to individuals and occasionally to trusts, estates, charitable
organizations, and small businesses. The firm does not sell annuities, insurance,
stocks, bonds, mutual funds, limited partnerships, or other commissioned
products.
Timberchase does not act as a custodian of client assets. The client always
maintains asset control.
When Timberchase provides 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.
Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are
engaged directly by the client on an as-needed basis. Conflicts of interest will be
disclosed to the client in the event they become known.
Types of Advisory Services
Timberchase provides both financial planning and investment management
services.
Timberchase’s financial planning services consist of developing a financial plan to
meet a client’s financial situation and stated objectives and are provided as a part
of the engagement that also includes investment management services. When
performing its’ investment management services, Timberchase places trades for
clients under a limited power of attorney, or other authorized access using
discretionary authority granted by the client to Timberchase; meaning clients
provide Timberchase with the authority to determine, without obtaining specific
client consent, the securities to be bought or sold, and the amount of the securities
to be bought or sold in the client’s account(s). Clients may impose restrictions on
investing in certain securities or types of securities.
Additionally, as part of Asset Management, the firm will
advise individual clients on
how to allocate their 401ks in context of their overall investment plan. When
advising on these accounts, Timberchase is limited to the plan’s selections and
limitations and typically will not make disbursements or withdrawals from these
accounts.
Types of Agreements
Advisory Service Agreement
An Advisory Service Agreement includes both financial planning services as
requested by the client and ongoing investment management oversight. In these
engagements, major aspects of the client’s financial affairs are reviewed.
Timberchase may address among other areas for a client; a client’s present
financial position, tax and cash-flow management, investment allocation,
retirement planning, insurance needs analysis, business planning, education
planning, estate planning and other areas of financial concern as requested by
client. As goals and objectives change over time, suggestions are made and
implemented on an ongoing basis.
Timberchase also provides ongoing investment management oversight to clients’
cash and securities held in an account at an independent qualified custodian.
Timberchase places trades in these accounts on behalf of clients under a limited
power of attorney, or other authorized access using discretionary authority;
meaning the firm has the authority to place trades in a client’s account without prior
consent by the client.
The scope of work and fee for an Advisory Service Agreement is provided to the
client in writing prior to the start of the relationship.
Termination of Agreement
Although the Advisory Service Agreement is an ongoing agreement, the length of
service to the client is at the client’s discretion. A client, as well as Timberchase,
may terminate an agreement at any time by notifying the other party in writing with
at least 30 days’ notice.
If a client does not receive a Brochure at least 48 hours prior to entering into an
advisory agreement, the client has a right to terminate the contract without penalty
or fee within five business days after entering into an agreement.
Otherwise, if the client made an advance payment, Timberchase will refund any
unearned portion of the advance payment to client upon termination. The portfolio
value at the completion of the prior full billing quarter is used as the basis for the
fee computation, adjusted for the number of days during the billing quarter prior to
termination.
Assets Under Management: As of December 31, 2022, Timberchase managed
approximately $155,816,264 in assets on a discretionary basis for 101 clients.