Wealth Management Group, LLC (“WMG” or the “Firm”) was founded in 2003 and was approved for
registration with the United States Securities & Exchange Commission (“SEC”) in March 2022. The
Principal Owner of WMG is Craig Bolanos. The Chief Compliance Officer of WMG is Leslie Bolanos.
Types of Advisory Services
INVESTMENT MANAGEMENT
WMG offers asset management services to advisory Clients. WMG will offer Clients ongoing asset
management services through determining individual investment goals, time horizons, objectives, and
risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring, and
the overall investment program will be based on the above factors.
Discretionary
When the Client elects to use WMG on a discretionary basis, the Client will sign a limited trading
authorization or equivalent allowing WMG to determine the securities to be bought or sold and
the amount of the securities to be bought or sold. WMG will have the authority to execute
transactions in the account without seeking Client approval on each transaction.
Non-Discretionary
When the Client elects to use WMG on a non-discretionary basis, WMG will determine the
securities to be bought or sold and the amount of the securities to be bought or sold. However,
WMG will obtain prior Client approval on each and every transaction before executing any
transaction.
WMG offers its advisory services through the Wealth Management Group’s Wrap Fee Program
(“Program”) where it serves as the Program’s sponsor and sole Portfolio Manager. WMG will offer
Clients ongoing asset management services through determining individual investment goals, time
horizons, objectives, and risk tolerance. Investment strategies, investment selection, asset allocation,
portfolio monitoring and the overall investment program will be based on the above factors.
WMG charges Investment Management fees as a percentage of assets under management. Investment
Management fees are billed quarterly, in advance, based on the value of your accounts as reported by
the custodian on the last business day of the quarter. The annual investment advisory fee charged
ranges up to a maximum of 2% of the assets held in the account. WMG, at its sole discretion, may
charge a lesser investment advisory fee based upon certain criteria (e.g., historical relationship, types
of assets, anticipated future additional assets, dollar amounts of assets to be managed, related
accounts, account composition, etc.). Lastly, please note that WMG may group certain related Client
accounts, often known as “householding”, for the purposes of achieving the minimum account size and
determining the annualized fee.
For all services, Clients may terminate their engagement with WMG within five (5) business days of
signing an Agreement with no obligation and without penalty. After the initial (5) business days, the
Agreement may be terminated by WMG with thirty (30) days written notice to Client and by the Client
at any time with written notice to WMG. For accounts opened or closed mid-billing period,
fees will be
prorated based on the days services are provided during the given period. All unpaid earned fees will
be due to WMG, and all unearned fees will be refunded to the Client. Any increase in fees will be
acknowledged in writing by both parties before any increase in said fees occurs.
Fee Comparison
Clients may be able to purchase services similar to those offered under the Program from other service
providers either separately or as part of a similar wrap fee program. These services or programs may
cost more or less than our Program, depending on the fees charged by such other service providers. A
wrap fee is not based directly on the number of transactions in your account. Various factors influence
the relative cost of our wrap fee program to you, including the cost of investment advice, custody, and
brokerage services if you purchased them separately, the types of investments held in your account,
and the frequency, type, and size of trades in your account. The program could cost you more or less
than purchasing our investment advice and custody/brokerage services separately.
For example, the Program Fee, which is fixed regardless of the number of transactions occurring in the
account, may be more or less than paying for execution on a per-transaction basis.
Fees We Pay Schwab:
In addition to compensating WMG for advisory services, the wrap fee you pay WMG allows us to pay
for brokerage and execution services provided by Charles Schwab & Co. Inc. (“Schwab”). WMG does
not charge our clients higher advisory fees based on their trading activity, but you should be aware that
we have an incentive to limit our trading in your account(s) because we are charged for executed trades.
Additional Fees
Clients may be able to purchase services similar to those offered under the Program from other service
providers either separately or as part of a similar wrap fee program. These services or programs may
cost more or less than our Program, depending on the fees charged by such other service providers.
For example, the Program Fee, which is fixed regardless of the number of transactions occurring in the
account, may be more or less than paying for execution on a per-transaction basis.
Our wrap fee does not cover all fees and costs. The fees not included in the wrap fee include charges
imposed directly by a mutual fund, index fund, or exchange-traded fund, which shall be disclosed in the
fund’s prospectus (i.e., fund management fees and other fund expenses), mark-ups and mark-downs,
spreads paid to market makers, fees (such as a commission or markup) for trades executed away from
Schwab, at another broker-dealer, wire transfer fees and other fees and taxes on brokerage accounts
and securities transactions. WMG does not receive any compensation from these fees. All of these fees
are in addition to the management fee you pay to WMG.
Additional Compensation
WMG nor its employees receive compensation, other than the portfolio management fee, for the
recommendation to the Client or the Client’s participation in the Program.