Overview
A. OWNERSHIP/ADVISORY HISTORY
Sandia Wealth Management, LLC (“we”) is a New Mexico limited liability company formed in
January 2012. It was subsequently registered as a New Mexico investment adviser. In
September 2021, it became registered as an investment adviser with Securities and Exchange
Commission (“SEC”). Peter T. Lehrman is the owner and sole member of the firm.
B. ADVISORY SERVICES OFFERED
i. PORTFOLIO MANAGEMENT
We manage individualized portfolios for our clients. We work with each client to formulate an
individualized portfolio based upon his/her objectives, time frame, risk parameters and other
investment considerations. We use marketable securities that may include bonds, common stock
(equities), and treasury bonds. (Additional information about securities used their risks can be
found under Item 8.) Our investment philosophy is to use principals of value, safety and quality
to seek investment options globally. We place heavy emphasis on risk control, believing that
avoiding losses allows appreciation potential of equities to be realized.
If you own multi-share class mutual funds in a discretionary or non-discretionary account, SWM
will direct the broker/dealer, clearing firm or custodian of your account to convert the mutual
fund shares you own to the lowest cost share class available for the same funds at no cost or tax
consequences to you. Such conversions will be made without notice. SWM will utilize the
mutual fund share classes designated for the portfolio.
This could result in SWM holding share
classes where a lower cost share class is available.
ii. FINANCIAL PLANNING
Financial Planning services typically focus on one or more specific areas such as financial and
cash management, risk management, financial issues relating to divorce or death of a family
member, insurance planning, estate planning, tax issues, retirement planning, educational
funding, goal setting, or other needs identified by the client or by our review of the client’s
financial circumstances. Through discussion with the client and/or questionnaires, we will
collect pertinent data, identify goals, objectives, financial concerns and potential solutions. We
will present the client with a written analysis. Following the conclusion of the consulting
services, we may make recommendations regarding implementation of the financial strategies
discussed.
Clients are not obligated to follow any recommendations we may make or to implement any
recommendations through us.
C. TAILORED SERVICES
Our services are individualized to each client. However, we generally do not allow clients to
place restrictions on the types of securities held in their accounts.
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D. WRAP PROGRAM
We do not sponsor a wrap program. This section is not applicable.
E. CLIENT ASSETS MANAGED
As of December 31, 2023, we manage $146,892,000 of client assets on a discretionary basis and
$15,552,000 on a non-discretionary basis.