TWM provides investment management and wealth management services. Prior to engaging TWM to
provide any of the foregoing investment advisory services, the client is required to enter into one or more
written agreements with TWM setting forth the terms and conditions under which TWM renders its
services (collectively the “Agreement”).
TWM has been in business since January 13, 2005. Douglas Taylor is TWM’s principal owner. As of
December 31, 2023, TWM has $131,036,039 of assets under management, of which $5,930,330 is
managed on a discretionary basis and $125,105,709 is managed on a non-discretionary basis.
This Disclosure Brochure describes the business of TWM. Certain sections will also describe the
activities of Supervised Persons. Supervised Persons are any of TWM’s officers, partners, directors (or
other persons occupying a similar status or performing similar functions), or employees, or any other
person who provides investment advice on TWM’s behalf and is subject to TWM’s supervision or control.
Investment Management Services
As described below, TWM generally provides wealth management services to its clients. However,
clients can engage TWM to manage all or a portion of their assets on a discretionary or non-discretionary
basis without financial planning and consulting services or overall wealth management services.
Wealth Management Services
TWM typically provides clients with wealth management services which include a broad range of
comprehensive financial planning and consulting services as well as discretionary and/or non-
discretionary management of investment portfolios. These services are tailored based on the individual
needs of the client, but generally include a review of the client’s overall financial situation, preparation of a
written report of recommendations covering cash flow, retirement planning, education planning,
investment planning, tax planning, risk management and insurance planning and estate planning. The
client is under no obligation to act upon any of the recommendations made by TWM under a financial
planning or consulting engagement or to engage the services of any such recommended professional,
including TWM itself. The client retains absolute discretion over all such implementation decisions and is
free to accept or reject any of TWM’s recommendations.
As further discussed below in response to Item 10, an affiliated entity, Taylor
Tax Services, Inc. (“Taylor
Tax”) may provide clients with a broad range of accounting and tax preparation services. Generally,
TWM will not render accounting or tax preparation services directly to its clients, but instead it may
recommend its affiliated entity Taylor Tax to provide such services under a separate agreement.
TWM primarily allocates clients’ investment management assets among mutual funds, exchange-traded
funds (“ETFs”), individual debt and equity securities and/or options in accordance with the investment
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objectives of the client. In addition, TWM may recommend that certain clients who are “accredited
investors” as defined under Rule 501 of the Securities Act of 1933, as amended, invest in private
placement securities, which include debt, equity, and/or pooled investment vehicles when consistent with
the clients’ investment objectives. TWM may also provide advice about other types of investments held
in clients' portfolios.
TWM may also render non-discretionary investment management services to clients relative to variable
life/annuity products that they may own, their individual employer-sponsored retirement plans, and/or 529
plans or other products that are not held by the client’s primary custodian. In so doing, TWM either
directs or recommends the allocation of client assets among the various investment options that are
available with the product. Client assets are maintained at the specific insurance company or custodian
designated by the product.
TWM tailors its advisory services to the individual needs of clients. TWM consults with clients initially and
on an ongoing basis to determine risk tolerance, time horizon and other factors that impact the clients’
investment needs. TWM ensures that clients’ investments are suitable for their investment needs, goals,
objectives and risk tolerance.
Clients are advised to promptly notify TWM if there are changes in their financial situation or investment
objectives or if they wish to impose any reasonable restrictions upon TWM’s management services.
Clients may impose reasonable restrictions or mandates on the management of their account (e.g.,
require that a portion of their assets be invested in socially responsible funds) if, in TWM’s sole discretion,
the conditions will not materially impact the performance of a portfolio strategy or prove overly
burdensome to its management efforts.