B. Types of Advisory Services
opportunities which may help the client meet their articulated wealth accumulation
and/or utilization goals.
Opinicus’ WAC program has two current offerings (W2 Professionals/Retiree and
Entrepreneur/Affluent Multi-Gen Families) and one legacy offering (the Emerging
Wealth Program). Each program is offered for a minimum fixed annual fee paid monthly
by portfolio debit or credit card, at the choice of the client.
Each program includes a base monitoring and advisory program, developed with factors
outlined below that are relevant to the client’s situation. Any time required of the
Opinicus advisory team outside the set program is billed at the respective team member’s
hourly financial planning rate.
Clients may terminate their contracts without penalty within five (5) business days of
signing the agreement. Since program fees are charged monthly, they are not prorated or
refunded in the month of cancelation.
W2 Professionals/Retiree
Semi-Annual comprehensive review cycle
Strategy Policy Statement design and post-meeting update
Financial goal identification + quantification
Capital Allocation Hierarchy monitoring
Retiree – Income design, transition & monitoring
Retiree – Monte Carlo Statistical Analysis
Estate strategy design + implementation
Comprehensive portfolio risk monitoring
What-if analysis / asset protection strategy
Capital gain / capital loss tax harvesting
Charitable giving tax strategy
Electronic estate, insurance & tax recordkeeping
Family balance sheet aggregation / tracking
1
Entrepreneur /Affluent Multi-Gen Families
Semi-Annual comprehensive review cycle w/ Year-end Tax Mitigation
Collaboration
Strategy Policy Statement design and post-meeting update
Financial goal identification + quantification
Capital Allocation Hierarchy monitoring
Retiree – Income design, transition & monitoring
Retiree – Monte Carlo Statistical Analysis
Estate strategy design + implementation
1 External accounts not offering a reliable aggregation feed are excluded.
Comprehensive portfolio risk monitoring
What-if analysis / asset protection strategy
Capital gain / capital loss tax harvesting
Charitable giving tax strategy
Electronic estate, insurance & tax recordkeeping
Family balance sheet aggregation / tracking1
Inclusion of Real Estate in reporting
Business Performance Monitoring
Business Dividend Distribution Cash Flow Strategy
Tax Collaboration: FIT / Payroll / ES Payment Strategy
Real Estate Asset Replacement Schedules
Liquidity risk monitoring
OPINICUS MAINSTREET
Opinicus Mainstreet is a Financial Planning “light” program offered to clients actively wealth
accumulating, yet below the firm’s traditional minimum in portfolio assets. The program
includes an annual comprehensive financial plan review and active portfolio management
within Opinicus’ Institutional Mutual Fund models, all for a fixed management fee on assets
under management. Limited time is allocated for client implementation support. As such, time
allocated to out of cycle financial plan updates and implementation support is charged as
hourly planning. The annual financial plan review includes:
Financial goal identification + quantification
Capital Allocation Hierarchy advice
Estate strategy design advice
Allocation design for assets under management
Retirement plan tax character advice
Electronic estate, insurance & tax recordkeeping
LEGACY FINANCIAL PLANNING PROGRAM
Wealth Advancement Consulting Program
Emerging Wealth Program
Annual comprehensive review cycle
Strategy Policy Statement design + post-meeting update
Financial goal identification + quantification
Capital Allocation Hierarchy monitoring
Retiree – Income design, transition & monitoring
Estate strategy design + implementation
Comprehensive portfolio risk monitoring
What-if analysis / asset protection strategy
Capital gain / capital loss tax harvesting
Electronic estate, insurance & tax recordkeeping
Family balance sheet aggregation / tracking
2
INVESTMENT MANAGEMENT SERVICES
All investment management client engagements are required to select a Wealth
Advancement Consulting Program or Opinicus Mainstreet (for select clients under the
$3M minimum portfolio assets). Clients are required to meet with an Opinicus Strategist
at least annually to discuss goals, timeline and asset allocation.
Opinicus offers ongoing portfolio management services based on the individual goals,
objectives, time horizon, and risk tolerance of each client. Opinicus discusses each client’s
current financial profile (balance sheet, income statement, marginal tax rate) and
qualitative investment variables (financial goals, risk, and volatility tolerance) prior to
establishing an investment objective that matches each client’s specific needs.
Investment Management Services include, but are not limited to, the following:
• Investment strategy • Asset selection
• Asset allocation • Regular portfolio monitoring
• Risk tolerance
Opinicus evaluates the current investments of each client with respect to their risk
tolerance levels and time horizon. Opinicus will request discretionary authority from
clients in order to select securities and execute transactions without permission from the
client prior to each transaction. Risk tolerance levels are documented in the client’s Asset
Allocation Questionnaire (AAQ) and for select clients, the Strategy Policy Statement.
Selection of Other Advisors
Opinicus may direct clients to third-party money managers. Opinicus will be compensated
based on its standard fee schedule, which is in addition to the third-party
money
manager’s fee. The fees shared will not exceed any limit imposed by any regulatory
agency. Before selecting other advisors for clients, Opinicus will always ensure those
other advisors are properly licensed or registered as investment advisors.
CURRENT RETIREMENT PLAN MANAGEMENT SERVICES
Opinicus provides investment consulting and discretionary investment management
services to Employee Retirement Income Security Act of 1974 (“ERISA”) and Non-ERISA
employee benefit plans, foundations, endowments, deferred compensation programs,
bank or thrift institutions, and corporate investment accounts. Specific retirement plan
needs, anticipated cash flows, risk tolerance, ERISA’s diversification mandate and the
2 External accounts not offering a reliable aggregation feed are excluded.
retirement plan’s legal framework are considered in developing an investment
management process. For ERISA plans, these services are provided pursuant to ERISA
section 3(21) for non-discretionary engagements and ERISA section 3(38) for discretionary
engagements. When operating under a discretionary engagement Opinicus takes fiduciary
responsibility for making investment decisions pursuant to the guidelines and restrictions
detailed in the client’s Investment Policy Statement (“IPS”), which provides the general
investment goals and objectives of a client and outlines the policies and procedures of
analyzing investments to render Opinicus’ recommendations. When operating under a
non-discretionary engagement, Opinicus will make recommendations to the client
pursuant to the guidelines and restrictions detailed in the client’s IPS but the client retains
fiduciary responsibility to act on any recommendations provided.
IRA ROLLOVER RECOMMENDATIONS
For the purpose of complying with the DOL’s Prohibited Transaction Exemption 2020-02
(“PTE 2020-02”), when applicable, Opinicus is providing the following acknowledgment
to clients. When Opinicus provides investment advice to clients regarding their retirement
plan account or individual retirement account, Opinicus is 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 Opinicus
makes money creates some conflicts with client interests. Opinicus operates under an
exemption that requires Opinicus to act in the clients’ best interest and not put Opinicus’
or Opinicus’ employees’ interests ahead of the clients’. Under this exemption, Opinicus
must:
meet a professional standard of care when making investment recommendations
(give prudent advice),
never put Opinicus’ or Opinicus’ employees’ financial interests ahead of the clients
when making recommendations (give loyal advice),
avoid making misleading statements about conflict of interests, fees, and
investments,
follow policies and procedures designed to ensure that Opinicus and Opinicus’
employees give advice that is in the clients’ best interest,
charge no more than is reasonable for services, and
give the clients basic information about conflict of interests.
Opinicus benefits financially from the rollover of the client’s assets from a retirement
account to an account that Opinicus manages or advises because the assets increase
Opinicus’ assets under management and, in turn, Opinicus’ advisory fees. As a fiduciary,
Opinicus only recommends a rollover when Opinicus and Opinicus’ employees believe it
is in the clients’ best interest.
SERVICES LIMITED TO SPECIFIC TYPES OF INVESTMENTS
Opinicus generally limits its investment advice and/or money management to mutual
funds, equities, bonds, fixed income, debt securities, ETFs, real estate, hedge funds, REITs,
insurance products including annuities, options, and government securities. Opinicus may
use other securities as well to help diversify a portfolio when applicable.
Opinicus Mainstreet will be limited to Opinicus’ Institutional Mutual Fund Models.
Opinicus offers the same suite of services to all of its clients. However, specific investment
strategies and their implementation are dependent upon the capacity that Opinicus is
hired by the client. An Investment Policy Statement may be designed for certain client
investment accounts. Clients may not impose restrictions in investing in certain securities
or types of securities in accordance with their values or beliefs.
A wrap fee program is an investment program where the investor pays one stated fee that
includes management fees, transaction costs, fund expenses, and any other administrative
fees. Opinicus does not participate in any wrap fee programs.
Opinicus has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$ 214,334,776 $2,298,650 12/31/2023
Opinicus also has no assets under advisement
3.
CURRENT FINANCIAL PLANNING SERVICES FEES
Fixed Fees
Depending upon the complexity of the situation and the needs of the client, the fixed rate
for creating a comprehensive financial plan begins at a minimum of $2,500. Opinicus will
3 Assets under advisement represent assets in which Opinicus provides consulting services and for which Opinicus has neither
discretionary authority nor responsibility for arranging or effecting the purchase or sale of recommendations provided to and
accepted by the ultimate client. Inclusion of these assets will make our total assets number different from assets under management
disclosed in Item 5.F of our Form ADV Part 1A due to specific calculation instructions for Regulatory Assets Under
Management.
C. Client Tailored Services and Client Imposed Restrictions
D. Wrap Fee Programs
E. Amounts Under Management