Item 5 Additional Compensation .......................................................................................... 16
Item 6 Supervision ................................................................................................................ 16
Privacy Notice. .................................................................................................................... 18
Old Field Advisors LLC (“Old Field Advisors” or “firm”) is a New York domiciled Limited Liability
Company. The firm was formed in 2005. Gigi Turbow Marx is the firm’s managing member,
majority shareholder and designated principal (supervisor).
Old Field Advisors provides
fee‐only financial planning and wealth management services. As a
registered investment advisor, Old Field Advisors is held to a fiduciary standard of care.
Services Provided
Old Field Advisors' offers financial planning and wealth management services to individuals,
families, trusts, estates, privately held businesses and non profit organizations.
We may also sub advise third-party independent registered investment advisors on (i) tax
managed diversification of concentrated holdings, (ii) philanthropic strategies and/or (iii)
mission driven portfolio construction.
Should you wish to engage the firm, we will enter into a written engagement agreement
specifying the scope of the engagement and the terms under which we provide the services
requested.
Old Field Advisors does not provide legal or accounting services. With client consent, we will
work with your attorney or accountant to coordinate and implement agreed upon strategies.
These professionals bill you separately for their services and these fees will be in addition to
those of our firm.
Financial Planning Services
Clients may engage the firm to advise them on a wide range of concerns including cash flow
analysis, retirement income needs, education funding, tax strategies, estate planning,
charitable giving, and insurance protection needs. A
financial planning project may be as broad-
based or as narrowly focused as you request. However, clients need to recognize that focusing
on narrow areas of interest or need, may result in incomplete analysis.
Financial planning clients should expect to furnish the following types of documents and
information for our review:
• Tax returns
• Current earned income details, including W2s or 1099s
• Current retirement plans and insurance provided by the client’s employer
• Investments held in your retirement and non-retirement accounts
• Mortgage information
• Insurance policies
• Copies of wills and trusts
• Other legal or financial documents pertinent to your planning goals
Following our review, we provide a written summary of the significant observations,
assumptions,
and recommendations in each area we were engaged to provide advice.
Portfolio reviews and comprehensive planning engagements analyze your assets for
opportunities to improve diversification, tax efficiency and risk management, consistent with
your risk capacity. Clients manage their own accounts, including trading unless they elect to
retain the firm for ongoing wealth management.
Financial planning clients retain full discretion over implementation decisions and may accept
or reject any recommendation we make. If you elect to act on any of our recommendations,
you are under no obligation to complete them through our firm.
It remains the client’s responsibility to notify us if there are changes in your financial situation
or investment objectives that affects prior recommendations.
Wealth Management Retainers
Clients may also engage the firm for wealth management services. Wealth management
includes integrated financial planning guidance and discretionary management of a client’s
investment portfolio on an ongoing basis. Investment portfolio management includes meeting
clients' cash management and asset allocation goals and the rebalancing or trading required to
achieve those goals.
Investment Policy Statement ("IPS"). The firm's trading discretion is limited by each client's IPS.
The IPS reflects your investment objectives, time horizon, risk tolerance, as well as any policy or
investment constraints. An IPS is designed to be specific enough to guide us on any constraints
a client wants observed while ensuring enough flexibility to respond to changing market
conditions. Since the IPS is a summary of each client’s specific objectives and preferences it is
important that you review and approve the statement.
Portfolio Construction. Investment portfolios are constructed in accordance with goals
identified during your financial planning process and with an asset allocation strategy designed
with those goals in mind. Holdings allocated to the Investment Portfolio are managed with a
minimum investment horizon of three years unless otherwise specified. If your funds are
required within a shorter time frame, they will be invested as Cash Reserves, in accordance
with your drawdown horizon.
We employ both active and passive investment strategies appropriate for individual investors,
as described in further detail in Item 8 of this brochure.
Webinar or Workshop Presentations
The firm will provide customized educational workshops on request, for groups desiring general
advice on investments and personal finance. Webinars and workshops are educational in
nature and do not involve the sale of any investment products. Topics may include
diversification of concentrated holdings, ESG impact focused investments, philanthropic
strategies or hedging portfolio risks with exchange traded options.
Information presented at a workshop will not be based on any one person’s need, nor do we
provide individualized investment advice to attendees during general sessions.
Assets under Management
As of January 31, 2024, Old Field Advisors had regulatory assets under management on a
discretionary basis in the amount of $26,164,025.