A. Description of the Advisory Firm
The Tenret Company, LLC (hereinafter “The Tenret Company”) is a Limited Liability
Company organized in the State of Florida. The firm was formed in August 2018, and the
principal owner is Tina Tenret.
B. Types of Advisory Services
Portfolio Management Services
The Tenret Company offers ongoing portfolio management services based on the
individual goals, objectives, time horizon, and risk tolerance of each client. The Tenret
Company creates a written Investment Policy Statement for each client. Portfolio
management services include, but are not limited to, the following:
• Investment strategy • Personal investment policy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
The Tenret Company evaluates clients’ current investments relative to their risk tolerance
levels and time horizon. The Tenret Company will typically create a portfolio of no-load
mutual funds and exchange traded funds (ETFs), although The Tenret Company may use
other investments as well to diversify a portfolio when applicable. Client portfolios may
also include some individual equity securities if disposition of these securities would
present an overriding tax implication, or the client specifically requests retaining them.
The Tenret Company will request discretionary authority from clients to select securities
and execute transactions without permission from the client prior to each transaction.
The Tenret Company seeks to make investment decisions in accordance with its fiduciary
duties and without consideration of The Tenret Company’s economic, investment or
other financial interests. To meet its fiduciary obligations, The Tenret Company attempts
to avoid, among other things, investment or trading practices that systematically
advantage or disadvantage certain client portfolios. The Tenret Company’s policy is to
seek fair and equitable allocation of investment opportunities and transactions among its
clients.
The Tenret Company may direct clients to third-party investment advisers to manage all
or a portion of the client's assets. Before selecting other advisers for clients, The Tenret
Company will ensure those advisers are properly licensed or registered as an investment
adviser. The Tenret Company conducts due diligence on any third-party investment
adviser, which may involve phone calls, meetings and review of the third-party adviser's
performance and investment strategy. The Tenret Company then makes investments with
a third-party investment adviser by referring the client to the third-party adviser. The
Tenret Company will review the ongoing performance of the third-party adviser as a
portion of the client's portfolio.
In addition to managing clients’ investment portfolios, The Tenret Company may consult
with clients on various financial areas including income and estate tax planning, business
sale structures, college financial planning, retirement planning, insurance analysis,
personal cash flow analysis, establishment and design of retirement plans and trusts, and
other subjects.
Divorce Consulting Services: Financial Neutral or Single Party Advisor
The Tenret Company offers financial consulting services on divorce cases, including Tina
Tenret’s participation as a single party advisor or as a financial neutral on collaborative
teams. These teams include attorneys for each of the divorcing parties and, in certain
cases, one or more mental health professionals.
The role of the financial neutral professional is to assist divorcing clients in achieving their
post-divorce financial and other goals. Financial neutrals will not align with either client
or any attorney involved in the collaborative case. Rather, they act as educators and
facilitators in all matters relating to finance. They also gather financial information
deemed necessary to help the team work together.
Single party advisor services focus on a single party in the divorce and that person’s
specific financial needs. Services are provided in consultation with counsel for the parties.
They typically include preparing, reviewing and/or updating schedules of income,
expenses, assets, and debts. They may also include preparation of schedules of projected
cash flow and providing tax planning assistance regarding payment of alimony, child
support, and property distributions.
Financial
Planning
The Tenret Company also provides advice in the form of Financial Planning. Clients
purchasing this service may receive written financial reports, providing the client with
detailed financial information designed to achieve their stated financial goals and
objectives.
In general, the financial plan will address any or all the following areas of concern:
• PERSONAL: Family records, budgeting, personal liability, estate information and
financial goals.
• EDUCATION: 529 Plans, financial aid, grants, and general assistance in preparing
to meet dependent’s continuing educational needs through development of an
education plan.
• RISK: Review of existing insurance policies to ensure proper coverage for life,
health, disability, long-term care, liability, home, and automobile.
• TAX & CASH FLOW: Income tax and spending analysis and planning for past,
current, and future years.
• DEATH & DISABILITY: Cash needs at death, income needs of surviving
dependents, estate planning and disability income analysis.
• RETIREMENT: Analysis of current strategies and investment plans to help the
client achieve his or her retirement goals.
• INVESTMENTS: Analysis of current and alternative investment holdings and
costs, examining the potential long-term effects on a client’s portfolio,
recommending appropriate investment options, allocations, or adjustments.
Through in-depth personal interviews, The Tenret Company gathers required
information such as a client’s current financial status, future goals, and attitudes towards
risk, as well as related documents. Should a client choose to implement the
recommendations in the plan, The Tenret Company suggests the client work closely with
an attorney, accountant and/or insurance agent. Implementation of financial plan
recommendations is entirely at the client’s discretion. Clients are encouraged to review
their plan on a regular basis, especially if there are any changes in their financial situation,
goals, need, or investment objectives.
Written Acknowledgement of Fiduciary Status
When The Tenret Company provides investment advice to clients regarding a retirement
plan account or individual retirement account, it acts as a fiduciary 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 the
company makes money may create some conflicts with your interests, so it operates
under a special rule that requires us to act in clients’ best interest and put clients’ interests
first. Under this special rule’s provisions, The Tenret Company must:
• Meet a professional standard of care when making investment recommendations
(give prudent advice)
• Never put its financial interests ahead of clients’ when making recommendations
(give loyal advice)
• Avoid misleading statements about conflicts of interest, fees, and investments
• Follow policies and procedures designed to ensure that The Tenret Company
gives advice in the client’s best interest
• Charge no more than is reasonable for The Tenret Company’s services; and
• Give the client basic information about conflicts of interest.
C. Client Tailored Services and Client Imposed Restrictions
The Tenret Company offers the same suite of services to all clients. However, specific
investment strategies and their implementation are dependent upon each client’s
Investment Policy Statement. Clients may impose restrictions on investing in certain
securities or types of securities in accordance with their values or beliefs but if the
restrictions prevent The Tenret Company from properly servicing the client account, or if
the restrictions would require The Tenret Company to deviate from its standard suite of
services, The Tenret Company reserves the right to end the relationship.
D. Wrap Fee Programs
The Tenret Company does not participate in wrap fee programs. A wrap fee program is
an investment program where the investor pays one stated fee that includes management
fees, transaction costs, and certain other administrative fees.
E. Assets Under Management
The Tenret Company has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$ 141,954,649 $ 0 December 2023