Item 5 - Additional Compensation .......................................................................................................................... 21
Item 6 - Supervision ..................................................................................................................................................... 21
Firm Description
Teeple Wealth Management, LLC dba Teeple Snyder Newsome Wealth Management (here
after TSN)is a firm engaged in the business of providing sound financial and investment
advice to its clients and has been doing so since its inception in May of 2008. Matt Teeple is
the primary owner.
Types of Advisory Services
ASSET MANAGEMENT FOR LIFTOFF CLIENTS
TSN offers discretionary asset management services to advisory clients using the Schwab
Institutional Intelligent Portfolios. Clients will complete a questionnaire to establish their
goals, risk tolerance and time horizon to determine the appropriate portfolio. This platform
is made up of diversified portfolios of Mutual Funds monitored daily and automatically
rebalanced as needed.
ASSET MANAGEMENT
TSN offers discretionary and non-discretionary asset management services to advisory
Clients. TSN 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 provides TSN discretionary authority the Client will sign a limited
trading authorization or equivalent. TSN 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 TSN on a non-discretionary basis, TSN will determine the
securities to be bought or sold and the amount of the securities to be bought or sold.
However, TSN will obtain prior Client approval on each and every transaction before
executing any transaction.
ASSETS HELD AWAY
TSN offers services to clients on assets not held with TSN’s custodian. For example, qualified
plans, variable annuity sub-account selection, etc. TSN will work with individuals on
determining their individual investment goals, time horizons, objectives, and risk tolerance.
Investment strategies, investment selection, and asset allocation are based on the above
factors. The accounts will be monitored on at least a quarterly basis. TSN reviews these
accounts by the client providing permission to have the account information fed to the firm
via data feeds. The Firm then provides advice to the Client regarding recommended trades
bases on the investment options available in the plan. TSN does not have access to execute
trades, the execution of trades is at the discretion of the client. If the client prefers, they can
meet with their advisor and login to their account and have their advisor assist them with the
trades. TSN does not have any relationship related to the recommendation of any product and
does not receive any direct or indirect compensation.
OINGOING FINANCIAL PLANNING AND CONSULTING SERVICES
TSN provides ongoing planning and consulting services. The services may include, but are not
limited to retirement planning, insurance and risk planning, tax planning, debt reduction,
budgeting, selecting group benefits, stock option planning and restricted stock option
planning. Ongoing services will remain in effect year over year unless cancelled in writing by
either party by giving the other party thirty (10) days written notice. TSN will then pro-rate
the fee that has been collected up to the effective termination date and issue the client a
refund based on the percentage of work TSN has completed.
LIMTED SCOPE FINANCIAL PLANNING AND CONSULTING SERVICES
TSN provides limited scope planning and consulting services for clients not in need of
ongoing comprehensive planning services. The services may include, but are not limited to
retirement planning, insurance and risk planning, tax planning, debt reduction, budgeting,
selecting group benefits. Services are completed within 6 months provided all required
information has been provided to TSN by Client. The limited scope planning services are
considered complete upon delivery of the written plan/recommendations.
ERISA PLAN SERVICES
TSN provides service to qualified retirement plans including 401(k) plans, 403(b) plans,
pension and profit sharing plans, cash balance plans, and deferred compensation plans. TSN
may act as a 3(21) advisor:
Limited Scope ERISA 3(21) Fiduciary. TSN may serve as a limited scope ERISA 3(21)
fiduciary that can advise, help and assist plan sponsors with their investment decisions on a
non-discretionary basis. As an investment advisor TSN has a fiduciary duty to act in the best
interest of the Client. The plan sponsor is still ultimately responsible for the
decisions made
in their plan, though using TSN can help the plan sponsor delegate liability by following a
diligent process.
1. Fiduciary Services are:
• Provide non-discretionary investment advice to the Client about asset classes and
investment alternatives available for the Plan in accordance with the Plan’s investment
policies and objectives. Client will make the final decision regarding the initial selection,
retention, removal and addition of investment options. TSN acknowledges that it is a
fiduciary as defined in ERISA section 3 (21) (A) (ii).
• Assist the Client in the development of an investment policy statement (“IPS”). The IPS
establishes the investment policies and objectives for the Plan. Client shall have the
ultimate responsibility and authority to establish such policies and objectives and to
adopt and amend the IPS.
• Provide non-discretionary investment advice to the Plan Sponsor with respect to the
selection of a qualified default investment alternative for participants who are
automatically enrolled in the Plan or who have otherwise failed to make investment
elections. The Client retains the sole responsibility to provide all notices to the Plan
participants required under ERISA Section 404(c) (5) and 404(a)-5.
• Assist in monitoring investment options by preparing periodic investment reports that
document investment performance, consistency of fund management and conformance
to the guidelines set forth in the IPS and make recommendations to maintain, remove or
replace investment options.
• Meet with Client on a periodic basis to discuss the reports and the investment
recommendations.
2. Non-fiduciary Services are:
• First year plan setup services including vendor search and selection.
• Assist in the education of Plan participants about general investment information and the
investment alternatives available to them under the Plan. Client understands TSN’s
assistance in education of the Plan participants shall be consistent with and within the
scope of the Department of Labor’s definition of investment education (Department of
Labor Interpretive Bulletin 96-1). As such, TSN is not providing fiduciary advice as
defined by ERISA 3(21)(A)(ii) to the Plan participants. Advisor will not provide
investment advice concerning the prudence of any investment option or combination of
investment options for a particular participant or beneficiary under the Plan.
• Assist in the group enrollment meetings designed to increase retirement plan
participation among the employees and investment and financial understanding by the
employees.
TSN may provide these services or, alternatively, may arrange for the Plan’s other providers
to offer these services, as agreed upon between Advisor and Client.
3. TSN has no responsibility to provide services related to the following types of assets
(“Excluded Assets”):
• Employer securities;
• Real estate (except for real estate funds or publicly traded REITs);
• Stock brokerage accounts or mutual fund windows;
• Participant loans;
• Non-publicly traded partnership interests;
• Other non-publicly traded securities or property (other than collective trusts and similar
vehicles); or
• Other hard-to-value or illiquid securities or property.
Excluded Assets will not be included in calculation of Fees paid to TSN on the ERISA
Agreement.
Specific services will be outlined in detail to each plan in the 408(b)2 disclosure.
NON-ERISA PLAN SERVICES
TSN provides service to business for Non-ERISA qualified retirement plans. The following
services are available, depending on the needs of each business:
• Assist/educate employer on SIMPLE design options & completion of Form 5305
• Assist employer on notices to employees regarding matches and plan specifics
• Assistance to employees on opening retail brokerage accounts
• One-time Education to employees on retail trading platform and investor education
sections of brokerage account website
• Other miscellaneous consulting services on an as needed basis
ROLLOVER EDUCATION TO RETIREMENT ACCOUNTS
TMW will offer clients and prospects educational information regarding rollovers to their
retirement plans and/or Individual Retirement Accounts (IRA). TSN will not provide any
recommendations to clients or prospects as to specific rollover recommendations.
Client Tailored Services and Client Imposed Restrictions
The goals and objectives for each Client are documented in our Client files. Investment
strategies are created that reflect the stated goals and objectives. Clients may impose
restrictions on investing in certain securities or types of securities.
Agreements may not be assigned without written Client consent.
Wrap Fee Programs
TSN does not sponsor any wrap fee programs.
Client Assets under Management
TSN has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$619,000 $126,213,000 12/31/2022
TSN