Description of Services
Cascade Wealth Advisors, Inc. ("CWA"), is a registered investment adviser located in Wenatchee,
Washington. CWA has been providing investment advisory services since 2012. Scott T. Blaesing,
CPA, CFP is the sole owner and President and has been in the financial services industry since 1999.
Advisory Services
The following describes our services and fees. Please refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs.
Financial Planning and Consulting Services
Cascade Wealth Advisors, Inc provides Financial Planning and Consulting services to individuals,
families, and other clients regarding the management of their financial resources based upon an
analysis of client's current situation, goals, and objectives. Generally, such financial planning services
will involve preparing a financial plan or rendering a financial consultation for clients based on the
client's financial goals and objectives. This planning or consulting may encompass one or more of the
following areas: Investment Planning, Retirement Planning, Estate Planning, Charitable Planning,
Education Planning, Corporate and Personal Tax Planning, Corporate Structure, Real Estate Analysis,
Mortgage/Debt Analysis, Insurance Analysis, Lines of Credit Evaluation, Business and Personal
Financial Planning.
Our written financial plans or financial consultations rendered to clients usually include general
recommendations for a course of activity or specific actions to be taken by the clients. For example,
recommendations may be made that the clients begin or revise investment programs, create or revise
wills or trusts, obtain or revise insurance coverage, commence or alter retirement savings, or establish
education or charitable giving programs. It should also be noted that we refer clients to an accountant,
attorney, insurance agent, or other specialists, as necessary for non-advisory-related services. For
written financial planning engagements, we provide our clients with a written summary of their financial
situation, observations, and recommendations. For financial consulting engagements, we usually do
not provide our clients with a written summary of our observations and recommendations as the
process is less formal than our planning service. Plans or consultations are typically completed within
six months of the client signing a contract with us, assuming that all the information and documents we
request from the client are provided to us promptly. Implementation of the recommendations will be at
the discretion of the client.
Portfolio Management Services
We offer discretionary and non-discretionary portfolio management services, in which our investment
advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for
portfolio management services, we will meet with you to determine your investment goals, risk
tolerance, investment time horizon, and other relevant information at the beginning of our advisory
relationship. We will use the information we gather to develop a strategy that enables our firm to give
you continuous and focused investment advice and/or to make investments on your behalf. If you
engage us to provide portfolio management services, we will invest your assets according to one or
more model portfolios developed by our firm. Each client's portfolio generally follows one of our model
strategies but may be tailored to meet the client's specific circumstances. Once we construct an
investment portfolio for you, we will monitor the portfolio's performance on an ongoing basis and will
rebalance the portfolio as required by changes in market conditions and your financial circumstances.
If you participate in our discretionary portfolio management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization
will allow us to determine
the specific securities, and the number of securities, to be purchased or sold for your account without
your approval.
prior to each transaction. Discretionary authority is typically granted by the investment advisory
agreement you sign with our firm and the appropriate trading authorization forms. You may limit our
discretionary authority (for example, limiting the types of securities that can be purchased for your
account) by providing our firm with your restrictions and guidelines in writing. For non-discretionary
arrangements, we will obtain your approval prior to executing any transactions.
Employee Benefits Retirement Plan Services
We also provide advisory services to retirement plans using the third-party administration services of
certain retirement plan service providers. For such clients, we will analyze the plan's current
investment platform, and assist the plan in creating an investment policy statement defining the types
of investments to be offered and the restrictions that may be imposed. We will recommend investment
options to achieve the plan's objectives, provide participant education meetings, and monitor the
performance of the plan's investment vehicles.
We will periodically review the plan's investment vehicles and investment policy statements and will
recommend changes in the plan's investment vehicles, as may be appropriate, from time to time.
CWA offers the Charles Schwab Trust Bank 401(k) platform ("CSTB") to employee benefit retirement
plans. CWA provides those services as described above with the direct support of Charles Schwab.
Clients will engage both CWA and Charles Schwab through a tri-party agreement, which will provide to
the client additional discretionary investment management services.
We will exercise discretionary authority to select the plan investments made available to the plans'
participants. We will exercise discretionary authority to select and maintain the plans' investments
according to the goals and investments objectives of the plan.
We will continue to work with plans to monitor plan investments, provide fiduciary plan advice including
regular considerations of the goals and objectives of the plan, and provide participant education
services to the plan.
IRA Rollover Recommendations
Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field
Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's
Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the
following acknowledgment to you.
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries 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 we make money creates some conflicts with your interests, so we operate under a
special rule that requires us to act in your best interest and not put our interests ahead of yours. Under
this special rule's provisions, we must:
• Meet a professional standard of care when making investment recommendations;
• Never put our financial interests ahead of yours when making recommendations;
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Assets Under Management
As of December 31, 2023, CWA has $143,370,260 total assets under management. Of that total
$140,058,532 is on a discretionary basis and $3,311,728 on a non-discretionary basis.
Wrap Fee Program
CWA does not sponsor a wrap fee program.