Description of Firm
WealthGuard Advisors, Inc. (hereinafter "WealthGuard Advisors") is a registered investment advisor
based in Placerville, California. We are organized as a corporation under the laws of the State of
California. We have been providing investment advisory services since August 2018. We are owned by
Adam L. Anderson and Blake L. Anderson.
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we," "our," and "us" refer to WealthGuard Advisors,
Inc. and the words "you," "your," and "client" refer to you as either a client or prospective client of our
firm.
WealthGuard Advisors offers investment advisory services to high net worth individuals, charitable
organizations and corporations or other businesses. WealthGuard Advisors provides comprehensive
investment management, planning and consulting services tailored to the individual needs of each
client.
Portfolio Management Services
We offer discretionary and non-discretionary portfolio management services. Our investment advice is
tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio
management services, we will meet with you to determine your investment objectives, risk tolerance,
and other relevant information at the beginning of our advisory relationship. We will use the information
we gather to develop a strategy that enables our firm to give you continuous and focused investment
advice and/or to make investments on your behalf. As part of our portfolio management services, we
may customize an investment portfolio for you according to your risk tolerance and investing
objectives. Once we construct an investment portfolio for you, we will monitor your portfolio's
performance on an ongoing basis, and will rebalance the portfolio as required by changes in market
conditions and in your financial circumstances.
WealthGuard Advisors evaluates and selects investments for inclusion in client portfolios only after
applying its internal due diligence process. Our investment strategy is primarily long-term focused, but
we may buy, sell or reallocate positions that have been held less than one year to meet the objectives
of the client or due to market conditions. If it is consistent with your goals, we may also engage in an
investment strategy that utilizes frequent trading in securities, please see Item 8 for more information.
We will construct, implement and monitor your portfolio to ensure it meets the goals, objectives,
circumstances, and risk tolerance agreed to by each 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 WealthGuard Advisors.
If you participate in our discretionary portfolio management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow us to determine
the specific securities, and the amount of securities, to be purchased or sold for your account without
your approval prior to each transaction. Discretionary authority is granted in the investment advisory
agreement you sign with our firm and the appropriate trading authorization forms. You may limit our
discretionary authority (for example, limiting the types of securities that can be purchased or sold for
your account) by providing our firm with your restrictions and guidelines in writing.
Clients who have engaged us for portfolio management services will receive complimentary financial
planning at no additional cost.
As part of our portfolio management services, we may also service employee benefit plans and their
fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named
fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice
regarding fund selection and investment options, education services to plan participants, investment
performance monitoring, and/or ongoing consulting. These pension consulting services will generally
be non-discretionary and advisory in nature where the ultimate decision to act on behalf of the plan
shall remain with the plan sponsor or other named fiduciary. These engagements are typically
regulated under the Employee Retirement Income Securities Act ("ERISA"). All services, whether
discussed above or customized for the plan based upon requirements from the plan fiduciaries (which
may include additional plan-level or participant-level services) shall be detailed in a written agreement
and be consistent with the parameters set forth in the plan documents.
We may also offer non-discretionary portfolio management services. If you enter into non-discretionary
arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf
of your account. You have an unrestricted right to decline to implement any advice provided by our firm
on a non-discretionary basis.
Financial Planning Services
We offer financial planning services either in conjunction with our portfolio management service or as a
standalone service. In either case, this will typically involve providing a variety of advisory services to
clients regarding the management of their financial resources based upon an analysis of their
individual needs. These services can range from broad based financial planning to consultative or
single subject planning. Complimentary financial planning that is included with our portfolio
management service will be a broad based financial plan whereas standalone financial planning may
be either broad based, consultative, or single subject depending on the engagement. If you retain our
firm for financial planning services, we will meet with you to gather information about your financial
circumstances and objectives.
After helping to identify your investment objectives, rate of return requirements, and risk tolerance, we
may develop a portfolio strategy for you. If you wish, you may implement our portfolio
recommendations by utilizing our institutional asset management and manager selection services. We
will, at your request, assist you in establishing an investment account with these service providers.
If you purchase a full, broad-based financial plan, you will receive a written report, providing you with a
detailed financial plan designed to help achieve your stated financial goals and objectives. In general,
the financial plan will address any or all of the following:
• Investment Planning - This involves advice with respect to asset allocation and investment
income accumulation techniques. Evaluations are made of existing investments in terms of their
economic and tax characteristics as well as their suitability for meeting client's objectives.
• Education planning -This includes alternatives and strategies with respect to the complete or
partial funding of private schools, college or other post-secondary education experience.
• Retirement Planning -This involves advice with respect to alternatives and techniques for
accumulating wealth for retirement income or advice relative to appropriate distribution of
assets following retirement.
• Estate Planning - This involves advice with respect to property ownership, distribution
strategies, estate tax reduction, and tax payment techniques. It involves a discussion of gifts,
trusts, and the disposition of business or other interests.
• Insurance Planning - We will conduct an analysis of your insurance coverage and provide
solutions regarding life, disability and long term care.
When preparing the plan, we gather required information through in-depth personal interviews.
Information gathered includes your financial status, future goals, and attitudes toward risk among
others. Related documents supplied by you are carefully reviewed, including a questionnaire
completed by you, and a written report is prepared. We are under no obligation to verify the information
supplied by you or your other professionals. We will rely solely on the information provided by you
when preparing the written plan.
Should you choose to implement our recommendations contained
in the plan, we suggest that you
work closely with your attorney, accountant, insurance agent, and/or stock broker. Implementation of
financial plan recommendations is entirely at your discretion. You are not obligated to implement the
plans through us. If you elect to have us implement the plan any compensation received from the
implementation of financial planning recommendations is separate and distinct from our financial
planning fee. You are free to use any broker/dealer of your choice, further if you do not wish to
implement the plan you are under no obligation to do so.
Financial planning recommendations are not limited to any specific product or service offered by a
broker-dealer or insurance company. All recommendations are of a generic nature and are not product
specific. Financial plans are based on your stated financial objectives and investment goals, risk
tolerance, and time horizon at the time we present the plan to you, and on the financial information you
provide to us.
You are under no obligation to act on our financial planning recommendations. Should you choose to
act on any of our recommendations, you are not obligated to implement the financial plan through any
of our other investment advisory services. Moreover, you may act on our recommendations by placing
securities transactions with any brokerage firm. Our financial planning services are typically one time
engagements unless the contract specifies that it will include on-going planning or consulting services.
Advisory Consulting Services
We offer advisory consulting services that primarily involve advising clients on specific financial-related
topics. Services are offered in several areas of a client’s financial situation, depending on their goals,
objectives and financial needs. Services are tailored to the unique needs of the client. The topics we
address may include, but are not limited to: risk assessment/management, financial organization, or
financial decision making/negotiation, asset allocation, securities recommendations, trust and estate
planning, income/cash flow analysis, education needs analysis, insurance needs, savings and
budgeting.
Consulting recommendations may pose a potential conflict between the interests of WealthGuard
Advisors and the interests of the client. Clients are not obligated to implement any recommendations
made by us in order to maintain an ongoing relationship with us. Our advisory consulting services are
typically one time engagements unless the contract specifies that it will include on-going consulting
services. If the client elects to act on any of the recommendations made by WealthGuard Advisors, you
are under no obligation to implement the transaction through WealthGuard Advisors.
Selection of Other Advisers
WealthGuard Advisors may also recommend to clients a third party money manager(s) ("TPMM") to
manage all or a portion of your investment portfolio. After gathering information about your financial
situation and objectives, we may recommend that you engage a specific TPMM or investment
program. Factors that we take into consideration when making our recommendation(s) include, but are
not limited to, the following: the TPMM's performance, methods of analysis, fees, your financial needs,
investment goals, risk tolerance, and investment objectives. We will monitor the TPMM's performance
to ensure its management and investment style remains aligned with your investment goals and
objectives. TPMMs use model portfolios based on their information, research, asset allocation
methodology and investment strategies. TPMM's review portfolios on a regular basis and re-balance
them as needed in order to maintain the agreed-upon weighting of asset classes. You will be required
to enter into a separate agreement with the TPMM. WealthGuard Advisors serves as the client’s
primary advisor and relationship manager. However, the TPMMs will assume discretionary authority for
the day-to-day investment management of those assets placed in their control. We will assist and
advise the client in establishing investment objectives for their account[s], the selection of the
TPMM and defining any restrictions on the account[s]. We will continue to provide oversight of the
client’s account[s] and ongoing monitoring of the activities of the TPMM. The TPMM will implement the
selected investment strategies based on their investment mandates. The client may be able to impose
reasonable investment restrictions on these accounts, subject to the acceptance of these third parties.
You will receive the TPMM ADV Part 2A ("Firm Brochure"). We recommend that you review the
TPMM's Firm Brochure for a complete description of their services, programs and fees that will be
provided to you.
State of California
Pursuant to California Code of Regulations, 10 CCR Section 260.235.2, WealthGuard Advisors,
Inc. hereby makes the following statement: a conflict exists between the interest of WealthGuard
Advisors, Inc. and the interests of the client. Further, the client is under no obligation to act upon
WealthGuard Advisors, Inc. recommendations, and if the client elects to act on any of the
recommendations, the client is under no obligation to effect the transactions through WealthGuard
Advisors, Inc.
All material conflicts of interest under CCR Section 260.238 (k) are disclosed regarding the investment
adviser, its representatives or any of its employees, which could be reasonably expected to impair the
rendering of unbiased and objective advice.
While the firm endeavor at all times to offer clients its specialized services at reasonable costs, the
fees charged by other advisers for comparable services may be lower than the fees charged by
WealthGuard Advisors, Inc.
Wrap Fee Programs
We do not participate in any wrap fee program.
Types of Investments
We offer advice on equity securities, warrants, corporate debt securities (other than commercial
paper), commercial paper, certificates of deposit, municipal securities, variable life insurance, mutual
funds, exchange traded funds ("ETFs"), options contracts on securities, options contracts on
commodities, United States government securities, money market funds, and real estate investment
trusts ("REITs")
Additionally, we may advise you on various types of investments based on your stated goals and
objectives. We may also provide advice on any type of investment held in your portfolio at the inception
of our advisory relationship.
IRA Rollover Recommendations
Effective December 20, 2021 (or such later date as the US Department of Labor (“DOL”) Field
Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL’s
Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”) where applicable, we are providing the
following acknowledgment to you. 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.
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of December 31, 2023, we provide continuous management services for $135,206,108 in client
assets on a discretionary basis.