Our Advisory Business Lake Hills Wealth Management (“Lake Hills Wealth Management”, “us”, “we”, “our”) is an investment adviser (“Adviser”) registered with the U.S. Securities and Exchange Commission (“SEC”) which offers investment advice regarding securities and other financial services to clients.
We provide investment advice through investment adviser representatives (“IARs”) associated with us. These individuals are appropriately licensed, qualified, and authorized to provide advisory services on our behalf. In addition, all IARs are required to have a college degree, professional designation, or equivalent professional experience.
Lake Hills Wealth Management was founded in 2016 by Jack Marino and Jason Clevlen, who both serve as Managing Members. We provide management services to individuals, high net worth individuals, trusts, estates, corporate pension and profit-sharing plans, charitable organizations, foundations, endowments, corporations, small businesses and churches. We have a minimum account opening balance requirement of $200,000, which may be negotiable depending upon certain circumstances, solely within the Adviser’s discretion.
We are committed to the precept that by placing the client’s interests first, we will add value to the asset management and financial planning processes and earn the client’s trust and respect.
We value long term relationships with our clients whom we regard as strategic partners in our business.
Services We provide various asset management and financial planning services. Our focus is on helping you develop and execute plans that are designed to build and preserve your wealth.
We do not participate in wrap fee programs.
Asset Management Asset management is the professional management of securities (stocks, bonds and other securities) and assets (e.g., real estate) in order to meet your specific investment goals. With an Asset Management Account, you engage us to assist you in developing a custom-tailored portfolio designed to meet your unique investment objectives. The investments in the portfolio account may include ETFs, mutual funds, stocks, bonds, equity options, futures, etc.
We will meet with you to discuss your financial circumstances, investment goals and objectives, and to determine your risk tolerance. We will ask you to provide statements summarizing current investments, income and other earnings, recent tax returns, retirement plan information, other assets and liabilities, wills and trusts, insurance policies, and other pertinent information.
Based on the information you share with us, we will analyze your situation and recommend an appropriate asset allocation or investment strategy. Our recommendations and ongoing management are based upon your investment goals and objectives, risk tolerance, and the investment portfolio you have selected. We will monitor the account, trade as necessary, and communicate regularly with you. While we will conduct daily ongoing reviews of your portfolio(s), your financial circumstances, investment goals and objectives, and risk tolerance shall be discussed with you at least annually. These reviews will be conducted in person, by telephone conference, and/or via a written inquiry/questionnaire. We will work with you on an ongoing basis to evaluate your asset allocation as well as rebalance your portfolio to keep it in line with your goals as necessary. We will be reasonably available to help you with questions about your account.
We will: ● Review your present financial situation ● Monitor and track assets under management ● Provide portfolio statements, periodic rate of return reports, asset allocation statements, and rebalancing statements as needed ● Advise on asset selection ● Determine market divisions through asset allocation models ● Provide research and information on performance and fund management changes ● Build a risk management profile for you ● Assist you in setting and monitoring goals and objectives ● Provide personal consultations as necessary upon your request or as needed.
You are obligated to notify us promptly when your financial situation, goals, objectives, or needs change.
We have 5 core models: conservative, moderate conservative, moderate, moderate aggressive, and aggressive. We take an active approach in managing portfolio risk exposure based on economic and technical signals. Portfolio allocations will be significantly changed to reduce equity exposure during “risk off” environments. Each model has a different cap on equity to limit portfolio risk exposure from exceeding appropriate levels given the clients risk tolerance and investment objectives.
Equity Caps ● 25% Conservative Model ● 40% Moderate Conservative Model ● 65% Moderate Model ● 85% Moderate Aggressive Model ● 100% Aggressive Model We use a basket of economic indicators and market driven technical indicators to determine if we are in a “risk on” or “risk off” environment. When in “risk off” environment, equity exposure is significantly reduced. The larger the number of indicators signaling “risk off”, the more significant the reduction in equity exposure. As signals turn back to “risk on”, equity exposure is added back to the allocation.
Individual portfolio positions are screened quantitatively and technically. Positions are first screened through quantitative back testing to determine which investments tend to work best in each economic environment (growth increasing/decreasing, inflation increasing/decreasing, etc).
Once a list of potential positions has been identified, they are then evaluated from a technical perspective to determine the positions with the best momentum, relative strength, volume, assets flows, etc. We implement caps on exposures to positions. More volatile and less diversified positions receive a lower weighting. While we do our own analysis and research, we also buy outside research to support our decision-making process.
We focus on low cost, publicly traded, liquid investment positions. ETFs, individual stocks, bonds, and individual treasuries are significant holdings, however, in some instances, other financial instruments may be used such as futures, forex or derivatives such as swaps or options.
You shall have the ability to impose reasonable restrictions on the management of your account, including

the ability to instruct us not to purchase certain mutual funds, ETFs, stocks, or other securities. These restrictions may be a specific company security, industry sector, asset class, or any other restriction you request so long as it can be reasonably implemented by us.
Under certain conditions, securities from outside accounts may be transferred into your advisory account; however, we may recommend that you sell any security if we believe that it is not suitable for the current recommended investment strategy. You are responsible for any taxable events in these instances. Certain assumptions may be made with respect to interest and inflation rates and the use of past trends and performance of the market and economy. Past performance is not indicative of future results.
If you decide to implement our recommendations, we will help you open a custodial account(s).
The funds in your account will generally be held in a separate account, in your name, at an independent custodian, and not with us. We require that you use Charles Schwab & Co., Inc.
(“Schwab”), as your custodian.
You will enter into a separate custodial agreement with the custodian which authorizes the custodian to take instructions from us regarding all investment decisions for your account. We will select the securities bought and sold and the amount to be bought and sold, within the parameters of the objectives and risk tolerance of your account. You will be notified of any purchases or sales through trade confirmations and statements that are provided by the custodian. These statements list the total value of the account, itemize all transaction activity, and list the types, amounts, and total value of securities held. You will at all times maintain full and complete ownership rights to all assets held in your account, including the right to withdraw securities or cash, proxy voting and receiving transaction confirmations.
We manage assets on a discretionary basis, which means you have given us the authority to determine the following with/without your consent: ● Securities to be bought or sold for your account ● Amount of securities to be bought or sold for your account Trading may be required to meet initial allocation targets, after substantial cash deposits that require investment allocation, and/or after a request for a withdrawal that requires liquidation of a position. Additionally, your account may be rebalanced or reallocated periodically in order to reestablish the targeted percentages of your initial asset allocation. This rebalancing or reallocation will occur on the schedule we have determined or when needed. You will be responsible for any and all tax consequences resulting from any rebalancing or reallocation of the account. We are not tax professionals and do not give tax advice. However, we will work with your tax professionals to assist you with tax planning.
We are available during normal business hours either by telephone, fax, email, or in person by appointment to answer your questions.
Financial Planning/Consulting We provide services such as comprehensive financial planning, estate planning, business planning and educational planning. Fee based financial planning is a comprehensive relationship which incorporates many different aspects of your financial status into an overall plan that meets your goals and objectives. The financial planning relationship consists of face-to-face meetings and ad hoc meetings with you and/or your other advisors (attorneys, accountants, etc.) as necessary.
In performing financial planning services, we typically examine and analyze your overall financial situation, which may include issues such as taxes, insurance needs, overall debt, credit, business planning, retirement savings and reviewing your current investment program.
Our services may focus on all or only one of these areas depending upon the scope of our engagement with you.
It is essential that you provide the information and documentation we request regarding your income, investments, taxes, insurance, estate plan, etc. We will discuss your investment objectives, needs and goals, but you are obligated to inform us of any changes. We do not verify any information obtained from you, your attorney, accountant or other professionals.
If you engage us to perform these services, you will receive a written agreement detailing the services, fees, terms and conditions of the relationship. You will also receive this Brochure. You are under no obligation to implement recommendations through us. You may implement your financial plan through any financial organization of your choice.
We obtain information from a wide variety of publicly available sources. We do not have any inside private information about any investments that are recommended. All recommendations developed by us are based upon our professional judgment. We cannot guarantee the results of any of our recommendations. Choosing which advice to follow is your decision.
Qualified Plan Services Adviser additionally provides qualified plan services as requested by the qualified plan’s authorized person, which can include consulting, investment, and plan participant services as more fully described below. Adviser represents that it shall carry out its responsibilities with prudence and care in accordance with all applicable provisions of ERISA.
Plan Consulting ● Consultation pertaining to plan design ● Consultation pertaining to the evaluation and selection of service providers ● Consultation pertaining to legislative and regulatory matters, including notices from the Department of Labor and Internal Revenue Service Plan Investment ● Review and suggest plan asset allocation models ● Review the qualified plan’s investment policy statement ● Review investment performance: o Requests for proposal o Compare Benchmarks o Qualified Default Investment Allocation (QDIA) o Compare peer groups ● Monitoring of investments for correlation with stated plan and investment objectives Plan Participant Services ● Plan participant enrollment meetings ● Plan participant investment education meetings ● Plan participant inquiries Assets Under Management As of December 31, 2023, we have $167,593,500 in assets under management. We manage all these assets on a discretionary basis for 738 accounts.