Firm Information
Founded in Biloxi, Mississippi in 1998, Roberts Wealth Management became an independent SEC registered
investment adviser in 2020. As of March 2023, Paul E. Roberts, III is the principal owner of the firm.
The following paragraphs describe our services and fees. You may see the term Associated Person throughout
this Brochure. As used in this Brochure, this term refers to anyone from our firm who is an officer, employee,
and all individuals providing investment advice on behalf of our firm. Where required, such persons are
properly licensed or registered as investment adviser representatives.
Advisory Services Offered
Roberts Wealth Management provides financial planning and fee-based discretionary investment advisory
services primarily to individual Clients and high-net worth individuals preparing for or in retirement.
Discretionary account management grants the Firm ongoing and continuous authority to execute the day-to-day
account management and trading without the Client's prior approval of each specific transaction.
Asset Management
Our firm offers discretionary portfolio management services to our clients. Discretionary portfolio management
means we will make investment decisions and place buy or sell orders in your account without contacting you
prior to each transaction. These decisions would be made based upon your stated investment objectives. If you
wish, you may limit our discretionary authority by, for example, setting a limit on the type of securities that can
be purchased for your portfolio. Simply provide us with your restrictions or guidelines in writing.
Our investment advice is tailored to meet our clients’ needs and investment objectives. If you decide to hire our
firm to assist you with the management of your portfolio, an Associated Person of our firm will meet with you
and gather information about your financial situation, investment objectives, and any reasonable restrictions you
would like to impose on the management of the account. The information we gather will help us implement an
asset allocation strategy that will be specific to your needs and goals.
Currently, our asset management services are typically offered in conjunction with a sub-adviser or third-party
adviser platform (hereinafter “sub-adviser”). The sub-adviser will assist our firm with back-office support,
trading, report preparation, and billing. We generally use model portfolios developed by the sub-adviser and/or
other registered investment advisers / strategists. These other investment advisers are responsible for the research
and security selection within model portfolios, day-to-day trading, billing calculation, and other back-office
operations. Our firm is responsible for the supervision of the account, portfolio reallocations and rebalancing, and
ongoing client interaction and servicing. Roberts Wealth Management will conduct due diligence on each sub-
advisor and may use/recommend one or more sub-advisers depending on each client’s individual investment
objectives, including the following sub-adviser:
Foundations Investment Advisors LLC (CRD# 175083): Foundations Investment Advisors LLC gives us access
to its proprietary portfolio models, along with models provided or managed by Cabana Asset Management,
Frontier Wealth Management, Morningstar Investment Management, BlackRock Solutions, among others. All
disclosure information about these entities is available on the SEC’s public disclosure site,
www.adviserinfo.sec.gov. All clients will be provided with a current copy of Foundations Investment Advisors
LLC’s Form ADV Part 2 Brochure at the inception of service. This document provides important disclosures
about Foundations Investment Advisors LLC’s services, portfolio models, fees, conflicts of interest, disciplinary
history (if any), and other important information that would help clients understand the scope of sub-advisory
services provided by Foundations Investment Advisors LLC.
Client assets are primarily allocated amongst individual stocks, bonds, exchange traded funds (“ETFs”),
options, mutual funds and other public and private securities or investments. Portfolios will be designed to meet
a particular investment goal, determined to be suitable to the Client’s circumstances such as time horizon, risk
tolerance and liquidity needs. Once the appropriate portfolio has been determined, portfolios are continuously
and regularly monitored, and if necessary, rebalanced based upon the Client’s individual needs, stated goals and
objective. Where appropriate, the Firm provides advice about any type of legacy position held in a Client’s
portfolio. Clients will engage us to advise on certain investment products that are not maintained at their
primary custodian, such as variable life insurance, annuity contracts, and assets held in employer sponsored
retirement plans and qualified tuition plans (i.e., 529 plans). On an ongoing basis, Roberts Wealth Management
reviews the client’s financial circumstances and investment objectives, and instructs the sub adviser to make the
necessary adjustments to the client’s portfolio.
Clients are advised to provide the firm with prompt notice of any changes in their personal financial
circumstances, investment objectives, goals, and tolerance for risk. However, Roberts Wealth Management will
contact the client at least annually to determine whether there have been any changes in the client's personal
financial circumstances, investment objectives, and tolerance for risk.
Retirement Plan Rollovers
An employee generally has four (4) options for their retirement plan when they leave an employer:
1. Leave the money in his/her former employer’s plan, if permitted
2. Rollover the assets to his/her new employer’s plan if one is available and permitted
3. Rollover to an Individual Retirement Account (IRA), or
4. Cash out the account value, which has significant tax considerations
Roberts Wealth Management provides educational services pertaining to retirement plan assets that could
potentially be rolled over to an IRA managed by the Firm. Education is based on a particular Client’s financial
circumstances. Roberts Wealth Management has an incentive to recommend such a rollover based on the
compensation received, which is mitigated by the fiduciary duty to act in a Client’s best interest and acting
accordingly.
As a normal extension of financial advice, we provide education or recommendations related to the rollover of an
employer-sponsored retirement plan. A plan participant leaving employment has several options. Each choice
offers advantages and disadvantages, depending on desired investment options and services, fees and expenses,
withdrawal options, required minimum distributions, tax treatment, and the investor's unique financial needs and
retirement plans. The complexity of these choices may lead an investor to seek assistance from us.
An Associated Person who recommends an investor roll over plan assets into an Individual Retirement Account
(“IRA”) may earn an asset-based fee as a result, but no compensation if assets are retained in the plan.
Thus, we
have an economic incentive to encourage an investor to roll plan assets into an IRA. In most cases, fees and
expenses will increase to the investor as a result because the above-described fees will apply to assets rolled over
to an IRA and outlined ongoing services will be extended to these assets.
We are fiduciaries under the Investment Advisers Act of 1940 and when we provide investment advice to you
regarding your retirement plan account or individual retirement account, we are also 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. We have to act in your best interests and not put our
interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests
Assets Under Management
As of March 20, 2024, assets under management were as indicated below.
Assets under Management
Discretionary $107,933,862
Non-Discretionary $0
Total $107,933,862
Wrap Fee Program
A wrap fee program is an advisory account with a single fee that covers a bundle of services; such as, portfolio
management, advice, and investment research as well as trade execution, custody, and reporting fee.
• Roberts Wealth Management does not sponsor a wrap fee program.
Financial Planning
Roberts Wealth Management engages Clients in conversations around their goals, objectives, priorities, vision,
and legacy – both for the near term as well as for future generations. With the unique goals and circumstances
of each Client in mind, the team will offer financial planning ideas and strategies to address the Client’s holistic
financial picture that can include one or more of the following:
• Income Planning
• Estate Planning
• Tax Planning
• Medical Planning
• Investment Planning
• Legacy Planning
• Risk Management
• Retirement Planning
Roberts Wealth Management partners with our Clients’ other advisors (CPAs, Enrolled Agents, Estate
Attorneys, Insurance Brokers, etc.) to ensure a coordinated effort of all parties toward the Client’s stated goals.
Such services include various reports on specific goals and objectives or general investment and/or planning
recommendations, guidance to outside assets, and periodic updates. Our specific services in preparing your plan
can include:
• Review and clarification of your financial goals.
• Assessment of your overall financial position.
• Creation of a unique goal-oriented investment plan.
• Design a risk management plan.
Consulting Services
Roberts Wealth Management can provide Clients investment advice on a more-limited basis on one or more
isolated areas of concern such as estate planning, real estate, retirement planning, or any other specific topic.
Additionally, we provide advice on non-securities matters about the rendering of estate planning, insurance, real
estate, and/or annuity advice or any other business advisory / consulting services for equity or debt investments
in privately held businesses. In these cases, Clients will be required to select their own investment managers,
custodian, and/or insurance companies for the implementation of consulting recommendations. Clients have the
right to choose whether or not to follow the consulting advice provided.
Conflicts of Interest
As a fiduciary, Roberts Wealth Management seeks to avoid conflicts of interest or, at
a minimum, make full disclosure to provide sufficiently specific facts for clients to understand and appreciate
the risk associated with a conflict of interest. The goal is to allow clients to provide informed consent when
they decide not to engage Roberts Wealth Management for services. Clients are encouraged to consider and ask
questions about the select conflicts of interest listed below.
Insurance Products
Investment advisor representatives of Roberts Wealth Management are also insurance agents able to sell
insurance products for commission compensation. Prior to purchasing or replacing an insurance
product, a client’s current holdings will be evaluated.
Advisor does not receive commission compensation for the sale of insurance products; however,
individual investment advisor representatives of Roberts Wealth Management, in their individual
capacity as an insurance agent, do receive commission compensation.
• Advisory fees are not charged on funds used to purchase insurance products.
• Advisory fees are not directly reduced due to commission compensation received by individual
insurance agents; however, the amount of funds allocated to an insurance product are considered
when determining the asset management fee.
• The receipt of commissions provides an incentive to encourage the purchase of insurance
products.
Money Managers and Product Sponsors
Investment Advisor Representatives will, on occasion, have an opportunity to attend a training event or
participate in a due diligence visit where the Money Manager or Product Sponsor will cover the
associated travel expenses such as airfare, hotel and meals. Training opportunities are often held at
luxury resorts where amenities such as golf, spas and entertainment are provided. Such
accommodations represent a conflict of interest that can influence the evaluation of the Money Manager
or Product sponsor based on factors other than the quality of services.
Additional Compensation
Roberts Wealth Management can receive an economic benefit for providing advisory services from
sources other than the client. Economic benefits include sales awards and gifts, an occasional meal, as
well as entertainment such as a concert, show or sporting event. Such compensation is not directly
related to the advice or services provided to a particular client, but it does create a conflict of interest
that can influence the selection of services based on the compensation received.
Industry Professionals
When it is in the best interests of the client, Roberts Wealth Management can introduce the services of
other professionals for certain non-investment purposes (i.e., attorneys and accountants). Introductions
represent a conflict of interest because they create a relationship where the other professional has an
implied obligation to introduce potential new clients to Roberts Wealth Management, although not
subject to a formal agreement. Clients are under no obligation to engage the services of any such
professional.
If the client engages any such professional, and a dispute arises, any recourse will be exclusively from
and against the engaged professional.
Conflicts of interest are mitigated by the fiduciary duty to always act in a client’s best interest and acting
accordingly. Roberts Wealth Management will seek independent counsel to evaluate conflicts as they arise and
provide sufficient disclosure and controls which may include declining to participate or proceed with an
engagement. Liza Palmer, the Chief Compliance Office, is available to discuss any concerns that exist due to a
conflict of interest. Ms. Palmer can be reached at (832) 981-7000.