Firm Description
William Joseph Capital Management, Inc. (“WJCM”, “we”, “our”) is an investment advisory firm
registered with the SEC and headquartered in the State of Connecticut. It was founded in 2015. The
principal owners of William Joseph Capital Management, Inc. are Mr. Matthew Thomas Sweeney, Mr.
Joseph “Jody” Elzie Goss and Mr. Justin Bolmgren.
We primarily provide two types of advisory services: Investment Management Services and Financial
Planning Services. The combination of these services is called Wealth Management. We occasionally
provide “Other Consulting” services on a case-by-case basis. Each of these services is described more
fully below.
Investment Management
Our investment management solutions are based on your goals, objectives, time horizon, and risk
tolerance. After reviewing your situation in depth, we may create an Investment Policy Statement (IPS)
for you. The IPS outlines your current financial situation (income, tax levels, current investment
allocation and risk tolerance). On either a discretionary or non-discretionary basis, your investment
advisor representative will create and monitor a portfolio designed to reflect your goals and risk
tolerance.
Investment Advisor Representatives (“IARs”) offer services individually to clients. Each client will
work directly with an IAR or a team of IARs. The IAR will assist you in selecting the services most
appropriate for you. We invest in a wide range of securities and asset classes. These may include
equities, exchange-listed securities, foreign securities, private placements, commercial paper, REITS,
corporate debt securities, municipal securities, mutual funds, U S Government securities, as well as
fixed, variable and indexed annuities.
Investment management services can be provided by means of internal management of your portfolio, or
the use of third-party managers.
Custom Management
This management solution is based on your goals, objectives, time horizon, and risk tolerance. After
reviewing your situation in depth, we may create an Investment Policy Statement (IPS) for you. The IPS
outlines your current financial situation (income, tax levels, current investment allocation and risk
tolerance). On either a discretionary or non-discretionary basis, your investment advisor representative
will create and monitor a portfolio designed to reflect your goals and risk tolerance.
Employer Sponsored Plans
This service provides consulting services to employer plan sponsors (“Sponsor”) and will typically
consist of assisting you to establish, monitor and review your company's participant-directed retirement
plan. As your needs dictate, areas of advising could include investment options, plan structure and
participant education. All Investment supervisory services for employer-sponsored plans shall comply
with the applicable state law(s) regulating retirement plan consulting services. This applies to client
accounts that are retirement or other employee benefit plans (“Plan”) governed by the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”). If the client accounts are part of a
Plan, and we accept appointments to provide our services to such accounts, we acknowledge that we are
a fiduciary within the meaning of Section 3(21) of ERISA (but only with respect to the provision of
services described in section 1 of the corresponding advisory agreement).
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Selection of other Advisors
We can offer advisory services by referring you to a third-party money manager offering asset
management and other investment advisory services. The third-party managers are responsible for
continuously monitoring client accounts and making trades in your account when necessary. Under this
program, we assist you with identifying your risk tolerance and investment objectives. We recommend
third-party money managers in relation to your stated investment objectives and risk tolerance, and you
may select a recommended third-party money manager or model portfolio based upon your needs. You
must approve the use of the third-party money manager who provides your designated account with
asset management services. We are available to answer questions that you may have regarding your
account and act as the communication conduit between you and the third-party money manager. The
third-party money manager may take discretionary authority to determine the securities to be purchased
and sold for your account. We do not have any trading authority with respect to your designated account
managed by the third-party money manager. There may be other third-party managed programs not
recommended by our firm, suitable for you and that may cost more or less than the arrangements
recommended by our firm. We cannot guarantee that financial goals or objectives will be achieved by
the third-party investment manager we recommend. Further, we can make no guarantees of
performance. (Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for
more details.
Restrictions
In most cases, you can place reasonable restrictions on the types of investments that will be made on
your behalf. If we believe the restrictions are not reasonable, we have the right to not accept or
terminate an account.
Financial Planning
Financial Planning Services include the initial writing and formulation of a personal financial plan, with
recommendations and supporting written work as necessary, and may include the ongoing tracking of
your progress in achieving the personal financial goals targeted in the plan. The scope of Financial
Planning Services selected is defined in advance and agreed upon between you and us. Fees for
Financial Planning Services are defined below under Item 5 - Fees and Compensation.
The Financial Planning Services process typically begins with the collection, organization, and
assessment of relevant client data, including information concerning your lifestyle, risk tolerance, and
cash flow, as well as identification of your financial concerns, goals, and objectives. The primary
objective of this process is to allow us to assist you in developing a strategy for the successful
management of income, assets, and liabilities in order to help meet your individual financial objectives.
To help achieve this objective, we may perform ongoing tracking of your progress in achieving your
financial goals.
Financial plans and financial planning or analysis may include, but are not limited to, areas such as: risk
management; tax planning; retirement planning; college planning; estate planning and debt/credit
management. Because investing involves varying degrees of risk, our advice will only be recommended
when consistent with a client's stated investment objectives, risk tolerance, liquidity needs, and
suitability.
Wealth Management
Wealth Management Services refers to the combination of Financial Planning Services and Investment
Management Services, as each is described above. Wealth Management Services may be provided under
the name “Admiralty Private Client Group”. Fees for Wealth Management Services are defined below
under Item 5 - Fees and Compensation. Any implementation of the recommendations we offer while
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rendering our Wealth Management service is entirely at your discretion. You are advised that a potential
conflict of interest exists if we recommend our own Investment Management Services for the
implementation of the recommendations contained in the financial plan.
Other Consulting Services
Other Consulting Services include financial advice and/or analysis of a specific client objective or
situation, as defined and agreed on by you and us in advance. This may include social security and
retirement income analysis. The specific objective or situation may be the evaluation of a specific
venture or investment you want to consider, or it may be the evaluation of an advisory service offered by
another professional organization. Depending on the depth and breadth of the analysis or advice, the
advisor may choose to provide this for free. Fees for Other Consulting Services are described below
under Item 5 - Fees and Compensation.
Conflict of Interest
IARs may have their own legal business entities whose trade names and logos are used for marketing
purposes and may appear in marketing materials. You should understand that the businesses are legal
entities of the IAR. WJCM and the IAR’s business entities are independently owned and operated.
When offering financial planning or investment management services, the IARs are under the
supervision of WJCM, and the services are provided through WJCM. For further details, see the
section: Item 10 – Other Financial Activities and Affiliations.
IRA Rollover Recommendations
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.
Assets under Management
As of the close of business on January 1, 2024, we had $270 million in assets under management
(AUM) on a discretionary basis.