A. Description of the Advisory Firm
Antoine Williams & Associates Wealth Management, LLC (hereinafter “AWAAWM”) is a
Limited Liability Company organized in the State of Vermont. The firm was formed in
January 2021, and the principal owner is Antoine Troy Williams.
B. Types of Advisory Services
Portfolio Management Services
AWAAWM offers ongoing portfolio management services based on the individual goals,
objectives, time horizon, and risk tolerance of each client. Portfolio management services
include, but are not limited to, the following:
• Investment strategy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
AWAAWM evaluates the current investments of each client with respect to their risk
tolerance levels and time horizon.
AWAAWM seeks to provide that investment decisions are made in accordance with the
fiduciary duties owed to its accounts and without consideration of AWAAWM’s
economic, investment or other financial interests. To meet its fiduciary obligations,
AWAAWM attempts to avoid, among other things, investment or trading practices that
systematically advantage or disadvantage certain client portfolios, and accordingly,
AWAAWM’s policy is to seek fair and equitable allocation of investment
opportunities/transactions among its clients to avoid favoring one client over another
over time. It is AWAAWM’s policy to allocate investment opportunities and transactions
it identifies as being appropriate and prudent among its clients on a fair and equitable
basis over time.
Third-Party Money Managers
AWAAWM may determine that opening an account with a professional third-party
money manager is in the client’s best interest.
These programs allow clients to obtain portfolio management services that typically
require higher minimum account sizes outside of the program. The money managers
selected under these programs will have discretion to determine the securities they buy
and sell within the account, subject to reasonable restrictions imposed by the client. Due
to the nature of these programs, each of the independent money managers is obligated to
provide you with a separate disclosure document. Clients should carefully review this
document for important and specific program details, including pricing.
Under these programs, AWAAWM may:
• Assist in the identification of investment objectives
• Recommend specific investment style and asset allocation strategies
• Selects appropriate money managers and review performance and progress
• Reallocates client assets among managers or styles within the program
• Hire and fire money manages utilized by the client
Clients should read the ADV Part 2 disclosure document of the money manager for
complete details on the charges and fees that the client will incur.
SEI
AWAAWM primarily uses the investment platform of SEI Investments Management
Corporation to manage client accounts and to select third-party money managers. Based
on the information that a client shares with AWAAWM, AWAAWM will analyze the
client situation and select an appropriate asset allocation or investment strategy through
the model portfolios available on the SEI platform. AWAAWM may reallocate a client’s
model portfolio into another model portfolio depending on the changes in a client’s risk
profile, investment objectives, financial circumstances, and/or market conditions. Client
circumstances shall be monitored on an ongoing basis by AWAAWM. These reviews shall
be conducted on a frequency preferred by the client but shall take place no less than
annually. Such
reviews shall include personal meetings, telephone, e-mail and other
electronic communication methods.
Pension Consulting Services
AWAAWM offers consulting services to pension or other employee benefit plans
(including but not limited to 401(k) plans). Pension consulting may include, but is not
limited to:
o identifying investment objectives and restrictions
o providing guidance on various assets classes and investment options
o recommending money managers to manage plan assets in ways designed to
achieve objectives
o monitoring performance of money managers and investment options and making
recommendations for changes
o recommending other service providers, such as custodians, administrators and
broker-dealers
o creating a written pension consulting plan
These services are based on the goals, objectives, demographics, time horizon, and/or risk
tolerance of the plan and its participants.
Financial Planning
Financial plans and financial planning may include but are not limited to: investment
planning; life insurance; tax concerns; retirement planning; college planning; and
debt/credit planning.
Services Limited to Specific Types of Investments
AWAAWM generally limits its investment advice to mutual funds, fixed income
securities, equities, ETFs and non-U.S. securities. AWAAWM may use other securities as
well to help diversify a portfolio when applicable.
Written Acknowledgement of Fiduciary Status
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.
C. Client Tailored Services and Client Imposed Restrictions
AWAAWM offers the same suite of services to all of its clients. However, specific client
investment strategies and their implementation are dependent upon each client’s current
situation (income, tax levels, and risk tolerance levels). Clients may impose restrictions in
investing in certain securities or types of securities in accordance with their values or
beliefs. However, if the restrictions prevent AWAAWM from properly servicing the client
account, or if the restrictions would require AWAAWM to deviate from its standard suite
of services, AWAAWM reserves the right to end the relationship.
D. Wrap Fee Programs
A wrap fee program is an investment program where the investor pays one stated fee that
includes management fees, transaction costs, fund expenses, and other administrative
fees. AWAAWM does not participate in any wrap fee programs.
E. Assets Under Management
AWAAWM has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$173,065,142 $0 December 2022