A. Firm Information
Wiregrass Investment Management LLC d/b/a Wiregrass Asset Management (“Wiregrass” or the “Advisor”) is a
registered investment advisor with the U.S. Securities and Exchange Commission. The Advisor is organized as a
Limited Liability Company (“LLC”) under the laws of Georgia. Wiregrass was founded in December 2015, and is
operated by Fred Benjamin Jones (Managing Member). Wiregrass is owned by Boston Holding, LLC, which is
beneficially owned by Benjamin Jones. This Disclosure Brochure provides information regarding the
qualifications, business practices, and the advisory services provided by Wiregrass.
B. Advisory Services Offered
Wiregrass offers investment advisory services to individuals, high net worth individuals, trust, estates, charitable
organizations, and retirement plans (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. Wiregrass’ fiduciary commitment is further described in the Advisor’s Code of Ethics. For
more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in
Client Transactions and Personal Trading.
Wealth Management Services
Wiregrass may provide Clients with wealth management services, which generally includes a broad range of
comprehensive financial planning and consulting services as well as discretionary management of investment
portfolios. These services are described below.
Investment Management Services - Wiregrass provides customized investment advisory solutions for its Clients.
This is achieved through continuous personal Client contact and interaction while providing discretionary
investment management and related advisory services. Wiregrass provides a personalized and comprehensive
investment portfolio solution designed to meet the Client's unique situation. Then, given this information, the
Advisor develops an asset allocation to be invested in one or more of the Advisor’s model portfolios. The
allocation of Client funds within these portfolios is designed to maximize Client returns with an acceptable level of
volatility based on our estimates of prospective returns to each component.
The model portfolios comprise proprietary active management strategies primarily utilizing mutual funds,
dimensional funds and exchange-traded funds (“ETFs”). The portfolio may also utilize individual stocks, bonds,
option contracts, and real estate investment trusts (“REITs”). The general investment philosophy is fundamental
value based on research with model portfolios holding a range of ten to fifty securities. The Advisor may retain
certain legacy investments based on portfolio fit and/or tax considerations.
Wiregrass’ investment approach is primarily long-term focused, but the Advisor may buy, sell or re-allocate
positions that have been held less than one year to meet the objectives of the Client or due to market conditions.
Wiregrass will construct, implement and monitor the portfolio to ensure it meets the goals, objectives,
circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to place
reasonable restrictions on the types of investments to be held in their respective portfolio, subject to acceptance
by the Advisor.
Wiregrass evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. Wiregrass may recommend, on occasion, redistributing investment allocations to diversify the
portfolio. Wiregrass may recommend specific positions to increase sector or asset class weightings. The Advisor
may recommend employing cash positions as a possible hedge against market movement. Wiregrass may
recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses,
business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the
position[s] in the portfolio, change in risk tolerance of Client, generating cash to meet Client needs, or any risk
deemed unacceptable for the Client’s risk tolerance.
www.wiregrassinvest.com
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At no time will Wiregrass accept or maintain custody of a Client’s funds or securities, except for the limited
authority as outlined in Item 15 – Custody. All Client assets will be managed within the designated account[s] at
the Custodian, pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices.
Retirement Accounts- When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over
the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based
account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a
new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll
over a retirement account to an account managed by the Advisor.
Use of Independent Managers - Wiregrass may recommend that a Client utilize one or more unaffiliated
investment managers or investment platforms (collectively “Independent Managers”) for all or a portion of a
Client’s investment portfolio. In such instances, the Client may be required to authorize and enter into an
advisory agreement with the Independent Manager[s] that defines the terms in which the Independent
Manager[s] will provide investment management and related services. The Advisor may also assist in the
development of the initial policy recommendations and managing the ongoing Client relationship. The Advisor will
perform initial and ongoing oversight and due diligence over the selected Independent Manager[s] to ensure the
Independent Managers’ strategies and target allocations remain aligned with its clients’ investment objectives
and overall best interests. The Client, prior to entering into an agreement with unaffiliated investment manager[s]
or investment platform[s], will be provided with the Independent Manager's Form ADV 2A (or a brochure that
makes the appropriate disclosures).
Financial Planning Services - Wiregrass will typically provide a variety of financial planning and consulting
services to Clients as part of its wealth management services or on a stand-alone basis, pursuant to a written
financial planning agreement. Services are offered in several areas of a Client’s financial situation, depending on
their goals and objectives.
Generally, such financial planning services involve preparing a formal financial plan or rendering a specific
financial consultation based on the Client’s financial goals and objectives. This planning or consulting may
encompass one or more areas of need, including but not limited to, investment planning, retirement planning,
personal savings, education savings, insurance needs and other areas of a Client’s financial situation.
A financial plan developed for or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs. Wiregrass may also refer
Clients to an accountant, attorney or other specialist, as appropriate for their unique situation. For certain
financial planning engagements, the Advisor will provide a written summary of Client’s financial situation,
observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a
written summary. Plans or consultations are typically completed within six months of contract date, assuming all
information and documents requested are provided promptly.
Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the
interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor
for investment management services or to increase the level of investment assets with the Advisor, as it would
increase the amount of advisory fees paid to the Advisor. Clients are not obligated to implement any
recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects
to act on any of the recommendations made by the Advisor, the Client is under no obligation to implement the
transaction through the Advisor.
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Retirement Plan Advisory Services
Wiregrass provides retirement plan advisory services on behalf of the retirement plans (each a “Plan”) and the
company (the “Plan Sponsor”). The Advisor’s retirement plan advisory services are designed to assist the Plan
Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each engagement is customized
to the needs of the Plan and Plan Sponsor. Services generally include:
● Vendor Analysis
● Plan Participant Enrollment and Education Tracking
● Investment Policy Statement (“IPS”) Design and Monitoring
● Investment Oversight Services (ERISA 3(21))
● Performance Reporting
● Ongoing Investment Recommendation and Assistance
● ERISA 404(c) Assistance
These services are provided by Wiregrass serving in the capacity as a fiduciary under the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section 408(b)(2), the Plan
Sponsor is provided with a written description of Wiregrass’ fiduciary status, the specific services to be rendered
and all direct and indirect compensation the Advisor reasonably expects under the engagement.
C. Client Account Management
Prior to engaging Wiregrass to provide investment advisory services, each Client is required to enter into one or
more agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor
and the Client. These services may include:
• Establishing an Investment Strategy – Wiregrass, in connection with the Client, will develop a strategy
that seeks to achieve the Client’s investment goals and objectives.
• Asset Allocation – Wiregrass will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction – Wiregrass will develop a portfolio for the Client that is intended to meet the stated
goals and objectives of the Client.
• Investment Management and Supervision – Wiregrass will provide investment management and ongoing
oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Wiregrass will include the securities transaction fees together with investment advisory fees to provide the Client
with a single, bundled fee structure. This combination of fees is typically referred to as a “Wrap Fee Program”.
Wiregrass customizes its investment management services for Clients. This Wrap Fee Program Brochure is
included as Appendix 1 to this Disclosure Brochure solely to discuss the fees and conflicts associated with a
bundled fee. Please see Appendix 1, which is always included with this Disclosure Brochure.
E. Assets Under Management
As of December 31, 2022, Wiregrass manages $100,164,347 in Client assets, $80,179,946 of which are
managed on a discretionary basis and $19,984,401 on a non-discretionary basis. Clients may request more
current information at any time by contacting the Advisor.