Kaydan Wealth Management ("Kaydan") is a registered investment adviser based in Michigan. We are
organized as a corporation ("Inc.") under the laws of the State of Michigan. We have been providing
investment advisory services since 1996. James B. Kruzan is the President and principal owner.
Kaydan offers the following investment advisory services, which are personalized to each individual
client:
•Comprehensive Wealth Management Services
•Investment Management Services
•Wealth Consulting Services
•Other Services
Comprehensive Wealth Management Services
Kaydan provides individuals and their families with independent, comprehensive financial planning and
investment advice. This generally includes advice related to client's cash flow, charitable giving,
education funding, estate and legacy planning, debt and risk management, as well as insurance,
investments, retirement and tax planning. Our wealth management services integrate all into a single,
comprehensive offering. Recommendations are tailored to each client's individual circumstances and,
as a result, vary significantly from client to client.
Meetings with clients are typically agenda driven and focused on client's goals, resources,
implementation, action items and other proactive recommendations. While investments are important,
we help clients manage both sides of their personal balance sheet - assets and liabilities. We work with
our client's existing advisers and may recommend new advisers to fill any voids on their team when
appropriate.
Investment Management Services
We offer discretionary investment management (portfolio) services. These services are provided either
as part of our comprehensive wealth management service(s) (see above) or separately without wealth
management advice. We also have a fiduciary duty to provide these services consistent with the
client's best interest.
Client meetings are conducted to determine investment objectives, risk tolerance, time horizon and
other relevant information. Information gathered is used to create a strategy that enables our firm to
provide continuous and focused investment advice and /or make investments on our client's behalf. At
our discretion, portfolio solutions can be either modelled or customized. Once the investment portfolio
is constructed for a client, we will monitor the portfolio on an ongoing basis to determine if any changes
are necessary based on various factors, including, but not limited to, investment performance, changes
in market conditions, style drift, fund manager tenure, the economy and our client's financial
circumstances.
Based upon these factors, there may be extended periods of time when Kaydan Wealth determines
that changes to a client's portfolio are neither necessary nor prudent. Our advisory fee shall remain
due and payable during any such inactive period. There is no assurance that those or other investment
decisions made by Kaydan Wealth will be profitable or equal any specific performance level(s).
Since we manage investment portfolios on a discretionary basis, we require our clients to grant our
firm discretionary authority to manage client account(s). Discretionary authorization allows us to
determine what specific securities are to be purchased or sold in addition to transaction size and
timing. All of this is accomplished without a client's approval prior to each transaction. Discretionary
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authority is granted in the investment advisory agreement client's sign with Kaydan Wealth and the
appropriate trading authorization forms. Clients may limit our discretionary authority by providing
Kaydan with specific restrictions and guidelines in writing.
Wealth Consulting Services
We offer additional consulting services centered around workplace savings programs. Service includes
analyzing the various workplace programs available to a client, formulate a funding strategy to help
achieve long-term goals, provide advice on tax balancing between multiple programs, create an asset
allocation strategy and make plan adjustment as needed due to changing market, economic and
personal circumstances. Our wealth consulting services are specific to workplace programs.
Meetings with clients
are centered around workplace plan functionality and the best use of funding
(contributions) to maximize long term goals.
We provide these services on a discretionary basis. Kaydan Wealth will retain client log-in credentials
to perform portfolio allocation, rebalance and periodic review. All portfolio adjustments are completed
on an individual basis.
Other Services
From time to time, Kaydan Wealth advisers may provide pro-bono planning and investment advice to
local and regional non-profits and their clients.
Under certain circumstances, Kaydan Wealth may engage in a client's portfolio review or a retirement
or financial assessment. These services are provided on either an hourly or project basis and are
considered a one-off engagement terminating upon the completion of the assessment. These services
fall outside the scope of our current client engagement.
Clients have the right to accept or reject our financial or retirement recommendations, and they can
choose any firm to assist them with implementing our recommendations. They are under no obligation
to continue working with us beyond the agreed upon assignment. While we strive to offer our clients
specialized services at reasonable costs, the fees charged by other advisers for comparable services
may be different than the fees charged by our firm.
If a client requires extraordinary planning (to be determined at the sole discretion of Kaydan Wealth),
we may charge the client for such additional services pursuant to a stand-alone Financial Planning
Agreement.
Types of Investments
We offer advice on stocks, bonds, mutual funds, index and exchange-traded funds, stable value
accounts (or similar securities) and variable annuities.
Additionally, we may advise you on various types of investments based on your stated goals and
objectives. We may also provide advice on any type of investment held in your portfolio at the inception
of our advisory relationship.
Since our investment strategies and advice are based on each client's specific financial situation, the
investment advice we provide to you may be different or conflicting with the advice we give to other
clients regarding the same security or investment.
Wrap Fee Programs
We do not participate in any wrap fee program.
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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, we provide continuous management services for $625,642,972 in client
assets on a discretionary basis.