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A. Tetley Investments, LLC
Tetley Investments, LLC (“Tetley” and/or the “firm”), is an Illinois limited liability company. Philip
Paul Tetley is the firm’s sole owner. Tetley has been providing investment advisory and financial
planning services since June 2012.
B. Advisory Services Offered
Tetley is an independent asset management and financial planning firm offering investment
advisory and financial planning services to individuals including high-net-worth individuals,
pension and profit sharing plans, corporations, charitable organizations, and trusts.
For its discretionary asset management services, Tetley receives a limited power of attorney to
effect securities transactions on behalf of its clients that include securities and strategies
described in Item 8 of this Brochure.
B.1. Discretionary Asset Management Services
Tetley’s investment advisory services consist of its management of client accounts on a
discretionary basis.
Individually Tailored Asset Management Services: Tetley will structure a portfolio based on an
assessment of the client’s financial situation, return expectations, sensitivity to volatility, and an
assessment of the economic and market environment. The portfolio will be structured utilizing
securities and strategies identified in Item 8 of this Brochure. The client may impose reasonable
restrictions concerning the management of his or her account(s).
Clients have the right to provide the firm with any reasonable investment restrictions that should
be imposed on the management of their portfolio, and should promptly notify the firm in
writing of any changes in such restrictions or in the client's personal financial circumstances,
investment objectives, goals and tolerance for risk. Tetley will remind clients of their obligation
to inform the firm of any such changes or any restrictions that should be imposed on the
management of the client’s account. Tetley will also contact clients at least annually to
determine whether there have been any changes in a client's personal financial circumstances,
investment objectives and tolerance for risk.
B.2. Financial Planning Services
Financial planning involves the creation of a financial plan that is based upon in-depth personal
interviews and data gathering with the client. Topics discussed and information gathered
include, but are not limited to, the client’s current personal and financial situation, investment
objectives, future goals,
and tolerance for risk.
All relevant documents supplied by the client are maintained in a confidential manner and
carefully reviewed and analyzed. Following the data gathering process and review and analysis
of documentation provided, a personalized financial plan is developed and presented for client
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review. The prepared plan specifically identifies the client’s needs and objectives and includes
recommendations to help achieve the defined goals. Such strategies and goals may include one
or more of the following:
▪ Income Tax Planning and Preparation: Tetley will illustrate the impact of various
investments on a client’s current income tax and future tax liability.
▪ Retirement Planning: Analysis of current strategies and investment plans to help achieve
retirement goals.
▪ Estate Planning: Analysis of financial issues with respect to living trusts, wills, estate tax,
powers of attorney, asset protection plans, nursing homes, Medicaid, and elder law.
▪ Insurance: Review of existing policies to ensure proper coverage for life, health, disability,
long-term care, liability, home, and automobile.
▪ Asset Allocation and Investment Strategies: Analysis of asset allocation and investment
alternatives and the effect on the client’s current portfolio.
Typical financial planning services, which are offered to all high-net-worth clients, include one or
more of each of the aforementioned service components. A financial plan may require the
services of a specialist such as an estate attorney, insurance specialist, or tax accountant. Tetley
may recommend third-party service providers, but the client is under no obligation to use any
service provider recommended by Tetley.
C. Client-Tailored Services and Client-Imposed Restrictions
Each client’s account will be managed on the basis of the client’s financial situation and
investment objectives, and in accordance with any reasonable restrictions imposed by the client
on the management of the account—for example, restricting the type or amount of security to
be purchased in the portfolio.
D. Wrap Fee Programs
Tetley does not participate in wrap fee programs. (Wrap fee programs offer services for one all-
inclusive fee.)
E. Client Assets Under Management
As of December 31, 2022, Tetley had $117,585,753 of discretionary assets under management
and $14,199,181 of non-discretionary assets under management.
Item 5: Fees and Compensation