A. Description of our advisory firm, including how long we have been in business and our principal
owner(s).
Tevis Investment Management LLC is dedicated to providing our clients with a wide array of
investment advisory services. We specialize in comprehensive portfolio management and
financial planning and consulting. Our firm is a limited liability company formed in the State of
Texas. I have been in business since 2000 and registered as an investment adviser since 2012.
The firm is owned by William Ryan Tevis, President.
B. Description of the types of advisory services we offer.
(i) Comprehensive Portfolio Management:
Our Comprehensive Portfolio Management service encompasses asset management as well
as providing financial planning/financial consulting to clients. It is designed to assist clients
in meeting their financial goals through the use of financial investments. We conduct at least
one, but sometimes more than one meeting (in person, if possible, otherwise via telephone
conference) with clients in order to understand their current financial situation, existing
resources, financial goals, and tolerance for risk. Based on what we learn, we propose an
investment approach to the client. We may propose an investment portfolio, consisting of
exchange traded funds, mutual funds, individual stocks or bonds, or other securities. Upon
the client’s agreement to the proposed investment plan, we work with the client to establish
or transfer investment accounts so that we can manage the client’s portfolio. Once the
relevant accounts are under our management, we review such accounts on a regular basis
and at least quarterly. We may periodically rebalance or adjust client accounts under our
management. If the client experiences any significant changes to his/her financial or personal
circumstances, the client must notify us so that we can consider such information in
managing the client’s investments.
We may utilize Independent Money Managers, where we may design an investment portfolio
and provide ongoing corresponding comprehensive Portfolio Management services on a fee-
only basis for a percentage of assets in conjunction with another investment advisory firm.
This compensation is typically equal to a percentage of the overall investment advisory fee
charged by our firm. The advisory fee paid to Independent Managers shall be negotiable in
certain circumstances, but shall never exceed the overall
amount in our published fee
statement. We usually pay 25 basis points to 75 basis points of the overall advisory fee to
Independent Managers for their services. Before selecting other advisers, we make sure that
the other advisers are properly licensed or registered.
(ii) Financial Planning and Consulting:
We provide a variety of financial planning and consulting services to individuals, families and
other clients regarding the management of their financial resources based upon an analysis
of the client’s current situation, goals, and objectives. Generally, such financial planning
services will involve preparing a financial plan or rendering a financial consultation for
clients based on the client’s financial goals and objectives. This planning or consulting may
encompass one or more of the following areas: Investment Planning, Retirement Planning,
Estate Planning, Charitable Planning, Education Planning, Corporate and Personal Tax
Planning, Cost Segregation Study, Corporate Structure, Real Estate Analysis, Mortgage/Debt
Analysis, Insurance Analysis, Lines of Credit Evaluation, Business and Personal Financial
Planning. Implementation of the recommendations will be at the discretion of the client.
C. Explanation of whether (and, if so, how) we tailor our advisory services to the individual needs
of clients, whether clients may impose restrictions on investing in certain securities or types of
securities.
(i) Individual Tailoring of Advice to Clients:
We offer individualized investment advice to clients utilizing our firm’s Comprehensive
Portfolio Management services. Additionally, we offer general investment advice to clients
utilizing our Financial Planning and consulting service.
(ii) Ability of Clients to Impose Restrictions on Investing in Certain Securities or Types of
Securities:
Each client has the opportunity to place reasonable restrictions on the types of investments to
be held in the portfolio. Restrictions on investments in certain securities or types of securities
may not be possible due to the level of difficulty this would entail in managing the account.
D. Disclosure of the amount of client assets we manage on a discretionary basis and the amount of
client assets we manage on a non-discretionary basis.
As of December 31, 2022, discretionary assets under management were $150,010,891 and
nondiscretionary assets under management were $5,984,438.