Overview
A. Description of the Advisory Firm
This firm has been in business since June 26, 2007, and the principal owner is Benjamin
Arthur Esget. Mr. Esget has been registered as an Investment Adviser Representative
since September 2007.
B. Types of Advisory Services
WealthMark LLC (hereinafter “WM”) offers the following services to advisory clients:
Investment Supervisory Services
WM offers ongoing portfolio management services based on the individual goals,
objectives, time horizon, and risk tolerance of each client. WM creates an Investment
Policy Statement for each client, which outlines the client’s current situation (income, tax
levels, and risk tolerance levels) and then constructs a plan (the Investment Policy
Statement) to aid in the selection of a portfolio that matches each client’s specific
situation. Investment Supervisory Services include, but are not limited to, the following:
• Investment strategy • Personal investment policy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
WM evaluates the current investments of each client with respect to
their risk tolerance levels and time horizon. WM will request
discretionary authority from clients in order to select securities and
execute transactions without permission from the client prior to each
transaction. WM does not generally engage in non-discretionary
services but may do so on a one off basis at the client's request. Risk
tolerance levels are documented in the Investment Policy Statement,
which is given to each client.
Subadviser Services
WM may also act as a subadviser to advisers unaffiliated with WM. These third-party
advisers would outsource portfolio management services to WM. This relationship will
be memorialized in each contract between WM and the third-party advisor. The client of
WM is the third-party Adviser.
Financial Planning Advisory Services for 529 College Savings Accounts
WM offers financial planning advisory services for 529 College Savings Plan accounts.
Services may include selecting a plan and initial investments, ongoing management of
the investments and
annual re-balancing.
Performance-based Fees
Qualified investors may be charged performance fees based on net profits.
Referrals
WM has multiple referral agreements due to its Turnkey Asset Management Program
(TAMP) operations. This relationship will be disclosed in each contract between WM
and the referring firm. These services include risk assessment and customized portfolio
implementation and management. The fees shared will not exceed any limit imposed by
any regulatory agency.
Subscription Services
WM provides a quarterly newsletter containing market outlook, commentary on the
previous quarter and general investment outlook. This newsletter is available to all WM
clients.
Services Limited to Specific Types of Investments
WM limits its money management to mutual funds, equities, bonds, fixed income, debt
securities, ETFs, real estate, REITs, insurance products including private placements,
and government securities. WM may use other securities as well to help diversify a
portfolio when applicable.
C. Client Tailored Services and Client Imposed Restrictions
WM will tailor a program for each individual client. This will include an interview
session to get to know the client’s specific needs and requirements as well as a plan that
will be executed by WM on behalf of the client. WM will not use “model portfolios” but
rather a specific set of recommendations for each client based on their personal
restrictions, needs, and targets.
Clients may impose restrictions in investing in certain securities or types of securities in
accordance with their values or beliefs. However, if the restrictions prevent WM from
properly servicing the client account, or if the restrictions would require WM to deviate
from its standard suite of services, WM reserves the right to end the relationship.
D. Wrap Fee Programs
WM does not participate in any wrap fee programs.
E. Amounts Under Management
WM has the following assets under management:
Discretionary
Amounts:
Non-discretionary
Amounts:
Date Calculated:
$ 85,000,000 $ 16,000,000 December 2023