Item 5 – Account Requirements and Types of Clients ........................................................................................ 21
Item 6 – Portfolio Manager Selection and Evaluation .......................................................................................... 21
Item 7 – Client Information Provided to Portfolio Managers ................................................................................ 23
Item 8 – Client Contact with Portfolio Managers ................................................................................................. 23
Item 9 – Additional Information ............................................................................................................................ 24
Form ADV Part 2B – Brochure Supplement ............................................................................................................... 26
Item 2 – Educational Background and Business Experience .............................................................................. 26
Item 3 Disciplinary Information ............................................................................................................................ 27
Item 5 – Additional Compensation ....................................................................................................................... 28
Item 6 – Supervision ............................................................................................................................................ 28
Form ADV Part 2B – Brochure Supplement ............................................................................................................... 29
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Effective: March 2, 2022 .......................................................................................................................................... 29
Item 2 Educational Background and Business Experience ................................................................................. 29
Item 3 – Disciplinary Information ......................................................................................................................... 29
Item 5 – Additional Compensation ....................................................................................................................... 30
Item 6 – Supervision ............................................................................................................................................ 30
Form ADV Part 2B – Brochure Supplement ............................................................................................................... 31
Effective: March 2, 2022 .......................................................................................................................................... 31
Item 2 Educational Background and Business Experience ................................................................................. 31
Item 3 Disciplinary Information ............................................................................................................................ 32
Item 5 – Additional Compensation ....................................................................................................................... 33
Item 6 – Supervision ............................................................................................................................................ 33
Form ADV Part 2B – Brochure Supplement ............................................................................................................... 34
Effective: March 2, 2023 .......................................................................................................................................... 34
Item 2 Educational Background and Business Experience ................................................................................. 34
Item 3 – Disciplinary Information ......................................................................................................................... 35
Item 5 – Additional Compensation ....................................................................................................................... 36
Item 6 – Supervision ............................................................................................................................................ 36
Form ADV Part 2B – Brochure Supplement ............................................................................................................... 37
Effective: March 2, 2022 .......................................................................................................................................... 37
Item 2 Educational Background and Business Experience ................................................................................. 37
Item 3 – Disciplinary Information ......................................................................................................................... 37
Item 5 – Additional Compensation ....................................................................................................................... 38
Item 6 – Supervision ............................................................................................................................................ 38
Privacy Policy ....................................................................................................................................................... 39
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A. Firm Information
JMAC Enterprises LLC (“JMAC” or the “Advisor”) is a registered investment advisor with the U.S. Securities and
Exchange Commission (“SEC”). The Advisor is organized as a Limited Liability Company (“LLC”) under the laws of
the Commonwealth of Pennsylvania. JMAC was founded in April 2017 and became a registered investment advisor
in February 2021. JMAC Enterprises LLC is owned by Brick House Advisory, Inc. and Sebvivi Enterprises, Inc.
The Advisor is operated by Robert C. Macaulay (Founder, Managing Principal, and Chief Compliance Officer) and
John K. Whitehead (Founder and Managing Principal). This Disclosure Brochure provides information regarding the
qualifications, business practices, and the advisory services provided by JMAC. The Advisor conducts business
under two practice
names (“doing business as” or “dba” names), including Brick House Strategic Wealth and JW
Nova Wealth Partners.
B. Advisory Services Offered
JMAC offers wealth management services to individuals, high net worth individuals, trusts, estates, businesses,
retirement plans, and pension plans (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. JMAC's fiduciary commitment is further described in the Advisor’s Code of Ethics. For more
information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client
Transactions and Personal Trading.
Wealth Management Services
JMAC provides customized wealth management services for its Clients. This is achieved through continuous
personal Client contact and interaction while providing a broad range of comprehensive financial planning in
connection with discretionary investment management of Client portfolios. These services are described below.
Investment Management Services – JMAC provides discretionary investment management services. JMAC works
closely with each Client to identify their investment goals, objectives, risk tolerance and financial situation to create
a portfolio strategy. JMAC will construct an investment portfolio consisting of exchange-traded funds (“ETFs”),
stocks, bonds, mutual funds, independent managers, and/or options to achieve the Client’s investment goals. The
Advisor may retain a Client’s legacy investments based on portfolio fit and/or tax considerations.
JMAC’s investment strategies are primarily long-term focused, but the Advisor may buy, sell or re-allocate positions
that have been held for less than one year to meet the objectives of the Client or due to market conditions. JMAC
will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk
tolerance agreed to by the Client. Each Client will have the opportunity to place reasonable restrictions on the types
of investments to be held in their respective portfolio, subject to acceptance by the Advisor.
JMAC evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. JMAC may recommend, on occasion, redistributing investment allocations to diversify the
portfolio. JMAC may recommend specific positions to increase sector or asset class weightings. The Advisor may
recommend employing cash positions as a possible hedge against market movement. JMAC may recommend
selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or
sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position[s] in
the portfolio, change in risk tolerance of the Client, generating cash to meet Client needs, or any risk deemed
unacceptable for the Client’s risk tolerance.
Phone: (267) 753-7065 * Fax: 215-860-1687
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At no time will JMAC accept or maintain custody of a Client’s funds or securities, except for the limited authority as
outlined in Item 15 – Custody. All Client assets will be managed within the designated account[s] at the Custodian,
pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices.
Use of Independent Managers - JMAC may recommend that Clients utilize one or more unaffiliated investment
managers or investment platforms (collectively “Independent Managers”) for all or a portion of a Client’s investment
portfolio, based on the Client’s needs and objectives. The Advisor will perform initial and ongoing oversight and due
diligence over each Independent Manager to ensure the strategy remains aligned with Clients investment
objectives and overall best interests. The Client will be provided with the Independent Manager's Form ADV Part
2A - Disclosure Brochure (or a brochure that makes the appropriate disclosures).
Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over the
assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based account
to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or
increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a
retirement account to an account managed by the Advisor.
Financial Planning Services – JMAC will typically provide a variety of financial planning and consulting services to
Clients. Services are offered in several areas of a Client’s financial situation, depending on their goals and
objectives. Financial planning services may involve preparing a formal financial plan or rendering a specific
financial consultation based on the Client’s financial goals and objectives. This planning or consulting may
encompass one or more areas of need, including but not limited to, investment planning, retirement planning,
estate planning, personal savings, education savings, asset protection, business planning, and other areas of a
Client’s financial situation. A financial plan developed for, or financial consultation rendered to the Client will usually
include general recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs. For business consulting, JMAC
may make recommendations related to succession planning, protection analysis, employer benefits planning, and
executive compensation planning. JMAC may also refer Clients to an accountant, attorney or other specialists, as
appropriate for their unique situation.
Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the
interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor for
investment management services or to increase the level of investment assets with the Advisor, as it would
increase the amount of advisory fees paid to the Advisor. Clients are not obligated to implement any
recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to
act on any of the recommendations made by the Advisor, the Client is under no obligation to implement the
transaction through the Advisor.
Retirement Plan Advisory Services
JMAC may provide non-discretionary investment management through 3(21) retirement plan advisory services or
discretionary investment management through 3(38) retirement plan advisory services on behalf of retirement plans
(each a “Plan”) and the company (the “Plan Sponsor”). The Advisor’s retirement plan advisory services are
designed to assist the Plan Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each
engagement is customized to the needs of the Plan and Plan Sponsor. Services generally include:
• Vendor Analysis
• Employee Enrollment and Education Tracking
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• Investment Policy Statement (“IPS”) Support
• Discretionary & Non-discretionary Investment Management
• Performance Reports
• Ongoing Investment Recommendation and Assistance
• ERISA 404(c) Assistance
• Benchmarking Services
These services are provided by JMAC serving in the capacity as a fiduciary under the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section 408(b)(2), the Plan
Sponsor is provided with a written description of JMAC fiduciary status, the specific services to be rendered and all
direct and indirect compensation the Advisor reasonably expects under the engagement.
C. Client Account Management
Prior to engaging JMAC to provide wealth management services, each Client is required to enter into one or more
agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor and the
Client. These services may include:
• Establishing an Investment Strategy – JMAC, in connection with the Client, will develop a strategy that
seeks to achieve the Client’s goals and objectives.
• Asset Allocation – JMAC will develop a strategic asset allocation that is targeted to meet the investment
objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction – JMAC will develop a portfolio for the Client that is intended to meet the stated goals
and objectives of the Client.
• Investment Management and Supervision – JMAC will provide investment management and ongoing
oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
JMAC includes securities transaction fees, administrative fees, and custodial fees (herein “Covered Costs”)
together with its wealth management fees. Including these fees into a single asset-based fee is considered a “Wrap
Fee Program”. The Advisor sponsors the JMAC Wrap Fee Program solely as a supplemental disclosure regarding
the combination of fees A Wrap Fee Program may not be the lowest cost option if a Client were to pay for these
fees separately. Please see Appendix 1 – Wrap Fee Program Brochure, which is included as a supplement to this
Disclosure Brochure.
E. Assets Under Management
As of December 31, 2023, JMAC manages $862,789,779 in Client assets JMAC manages $857,587,929 on a
discretionary basis and $5,201,850 on a non-discretionary basis. Clients may request more current information at
any time by contacting the Advisor.