A. FIRM DESCRIPTION
Doceo Wealth, LLC (“Doceo Wealth” or the “Firm”), an Idaho Limited Liability Company, was
founded in 2018. The Firm is based in Meridian, Idaho and has been in business as an investment
adviser since 2020.
David N. Johan is the owner of Doceo Wealth.
B. TYPES OF ADVISORY SERVICES
INVESTMENT ADVISORY SERVICES
We provide discretionary portfolio management services to our clients, based on the specific needs
and objectives of such persons and the suitability of products and services. Doceo Wealth shall be
granted full discretion and authority to manage the client’s account. Accordingly, we are
authorized to perform various functions without further approval from the client, such as the
determination of securities to be purchased or to be sold without permission from the client prior
to each transaction. We do not act as a custodian of client assets, and the client always maintains
control of their assets. For certain types of securities, such as direct participation programs, we act
in a non-discretionary capacity and require the client to approve such investments prior to
purchasing them.
Before engaging us to provide any of the investment advisory services, we require that the client
review and sign a written investment management agreement (“IMA”). The IMA outlines the
services and fees the clients will incur pursuant to the IMA with Doceo Wealth.
Upon signing the IMA, we will meet with the client to understand their current financial situation,
existing resources, financial goals, and risk tolerance. Based on what is learned, an investment
approach is presented to the client. Portfolios will be designed to meet a particular investment goal,
determined to be suitable to the client’s situation. Once the appropriate portfolio is determined,
portfolios are continuously and regularly monitored and, if necessary, rebalanced based upon the
client’s individual needs, stated goals, and objectives. Doceo Wealth’s investment advisory
services include, but are not limited to, the following:
• Investment Strategy
• Asset Allocation
• Regular Portfolio Monitoring
• Security Selection
Occasionally, Doceo Wealth also provides 1031 Exchange consulting services, which, based on the
client's individual circumstances, may include but are not limited to the following: finding
replacement properties, connecting the client with qualified intermediaries, and developing the
exchange strategy. Clients receiving 1031 Exchange consulting services are charged an additional
fixed fee as described in Item 5.
INVESTMENT ADVISORY SERVICES FOR BUSINESS RETIREMENT PLANS
Doceo Wealth offers investment advisory services specifically tailored to the needs and special
circumstances of businesses, including their pension and retirement plans. These services are
generally provided in conjunction with other professionals and include investment management
services for pension and profit-sharing plans, 401(k) plans, 403(b) plans, SEP IRA plans, SIMPLE
IRA plans, non-qualified deferred compensation plans, asset protection plans, executive salary
continuation plans, cross-purchase and stock redemption agreements, and employee advisory
services.
We also provide general investment advisory services specifically tailored to the needs of trustees
or other fiduciaries, including, but not limited to, those meeting the definition of a “fiduciary”
under the Employee Retirement Income Security Act of 1974 (“ERISA”) or an employee benefit
plan subject to ERISA.
FINANCIAL PLANNING SERVICES
We provide our clients with an in-depth analysis of their current financial situation, as well as
detailed recommendations relating to the client’s financial goals. These services are provided on a
non-discretionary basis. Financial planning services do not involve the active management of
client accounts, but instead focus on a client’s overall financial situation. Financial planning can
be described as helping an individual to determine and set their
long-term financial goals through
investments, tax planning, asset allocation, risk management, retirement planning, and other means.
The role of the financial planner is to find ways to help the client understand their overall financial
situation and set financial objectives.
Our financial planning services may include the following:
• Detailed Net Worth Statement
• Current Asset Allocation Analysis
• Asset Allocation Recommendation
• Investment Policy Statement
• Detailed Retirement Plan
• Monte Carlo Probability Analysis
• Detailed Emergency Fund Plan
• Detailed Survivor Needs Plan
• Detailed Disability Needs Plan
• Summary Long-Term Care Plan
• Summary Insurance Audit Report
An inherent conflict exists between the interests of Doceo Wealth and the interests of the client
as the Firm is incentivized to recommend that you have your assets managed by the Firm. This
inherent conflict is mitigated as the client is under no obligation to act upon Doceo Wealth’s
recommendations or to affect the transaction through the Firm.
THIRD-PARTY SEPARATELY MANAGED ACCOUNT PROGRAMS
Doceo Wealth offers services to act as a promoter for, and offers advice about, various third-
party separately managed account programs sponsored by unaffiliated investment advisors. In
third- party separately managed account programs, the program sponsor selects the
investments, monitors and evaluates investment performance, executes portfolio transactions
without commission charges, and provides custodial services.
Typically, these services are quoted as a single fee which the client pays to the program sponsor.
A separate agreement between Doceo Wealth and the client addresses our portion of that fee.
Third-party separately managed account programs provide separate fee program brochures
which discuss total fees. Since portfolio fees and fees for brokerage services vary based on the
wrap program, the size of the account being managed and the clearing firm at which trades are
transacted, Doceo Wealth will seek to assure that the client is charged a competitive rate
according to the size of the account being managed. However, please note that the fees charged
by the program sponsor, including brokerage and custodial fees, may exceed the cost of
separately negotiated and obtained brokerage, custody and other services.
The client will receive performance reports, account value and billing information at least
quarterly, and in some cases monthly, depending on the program used. The client will be
contacted periodically for a financial review, with interim reviews available upon request.
A minimum investable asset may be required. However, Doceo Wealth may waive such
minimum at its sole discretion.
C. TAILORED RELATIONSHIPS
At Doceo Wealth, we offer the same suite of services to all our clients. The management
services and recommendations offered by the Firm are based on the individual needs of our
clients and the suitability of products and services.
D. WRAP FEE PROGRAMS
Doceo Wealth does not participate in and is not a sponsor of wrap fee programs.
Wrap Fee Programs are arrangements between broker-dealers, investment advisers, banks and
other financial institutions, and affiliated and unaffiliated investment advisers through which
the clients of such firms receive discretionary investment advisory, execution, clearing and
custodial services in a “bundled” form. In exchange for these “bundled” services, the clients
pay an all- inclusive (or “wrap”) fee determined as a percentage of the assets held in the wrap
account.
E. ASSETS UNDER MANAGEMENT
When calculating regulatory assets under management, an investment adviser must include the
value of any advisory account over which it exercises continuous and regular advisory or
management services. As of March 31, 2022, Doceo Wealth manages $170,711,691 in assets
on a discretionary basis and $0 in assets on a non-discretionary basis.