Description of Firm
Enza Financial is a registered investment adviser primarily based in Independence, OH. We are
organized as a limited liability company ("LLC") under the laws of the State of Ohio. We are owned by
Joseph Crea, Linda Cahill, Scott Fischer, and Christine Millen.
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we," "our," and "us" refer to Enza Financial and the words
"you," "your," and "client" refer to you as either a client or prospective client of our firm.
Portfolio Management Services
We offer discretionary portfolio management services. Our investment advice is tailored to meet our
clients' needs and investment objectives.
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 amount 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 or sold for your account) by providing our firm with your restrictions and guidelines in
writing.
We may also offer non-discretionary portfolio management services. If you enter into non-discretionary
arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf
of your account. You have an unrestricted right to decline to implement any advice provided by our firm
on a non-discretionary basis.
As part of our portfolio management services, in addition to other types of investments (see
disclosures below in this section), we may invest your assets according to one or more
model portfolios developed by an unaffiliated investment manager. These models are designed for
investors with varying degrees of risk tolerance ranging from a more aggressive investment strategy to
a more conservative investment approach. Clients whose assets are invested in model portfolios may
not set restrictions on the specific holdings or allocations within the model, nor the types of securities
that can be purchased in the model. Nonetheless, clients may impose restrictions on investing in
certain securities or types of securities in their account. In such cases, this may prevent a client from
investing in certain models that are managed by our firm.
Financial Planning and Consulting Services
We offer financial planning and consulting services which typically involve providing a variety of
advisory services to clients regarding the management of their financial resources based upon an
analysis of their individual needs. These services can range from broad-based financial planning to
consultative as described below and in Schedule A of our Financial Consulting and Planning
Agreement. If you retain our firm for financial planning or consulting services, we will meet with you to
gather information about your financial circumstances and objectives. We may also use financial
planning software to determine your current financial position and to define and quantify your long-term
goals and objectives. Once we specify those long-term objectives (both financial and non-financial), we
will develop shorter-term, targeted objectives. Once we review and analyze the information you provide
to our firm and the data derived from our financial planning software, we will deliver a written plan to
you, designed to help you achieve your stated financial goals and objectives.
Individual Consulting and Planning
The financial consulting services that are offered are:
Income Analysis/Cash Flow/Budget Analysis
Investment Analysis/Asset Allocation
Education Needs Analysis/Planning
Retirement Needs Analysis/Planning
Retirement Plan Review
Life Insurance Review
Disability Insurance Review including Policy Analysis
Estate Analysis/Estate Planning Service
Charitable Giving
Employee Benefit Analysis
Investment Counseling
Other Investment Advisory Consulting Services as agreed upon
Comprehensive Financial Planning
Tier 1 (Individuals)
Retirement Needs Analysis/Planning
Goal Planning
Income Analysis/Cash Flow
Investment Review
Disability & Life Insurance Review
Tier II (Business Owners, Multiple Entities, more than an Individual Estate)
Includes all of Tier I
Estate Analysis/Estate Planning Coordination with Your Advisory Team
Charitable Giving Considerations
Tier III – (More Complex Estate)
Includes all of Tiers I and II
Advanced Estate Planning with your Advisory Team
Business Planning with your Advisory Team
Other Investment Advisory Consulting Services
Periodic Investment Advisory Consulting Service
Portfolio Monitoring
Group Retirement Enrollment/Education meetings
Ongoing or periodic investment advisory consulting service as agreed upon
Plans are based on your financial situation at the time
we present the plan to you, and on the financial
information you provide to us. You must promptly notify our firm if your financial situation, goals,
objectives, or needs change.
You are under no obligation to act on our recommendations. Should you choose to act on any of our
recommendations, you are not obligated to implement the plan through any of our other investment
advisory services. Moreover, you may act on our recommendations by placing securities transactions
with any brokerage firm.
Retirement Plan Consulting Services
We offer retirement plan consulting services to employee benefit plans and their fiduciaries based
upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In
general, these services may include an existing plan review and analysis, plan-level advice regarding
fund selection and investment options, education services to plan participants, investment performance
monitoring, and/or ongoing consulting. These retirement plan consulting services will generally be non-
discretionary and advisory in nature. The ultimate decision to act on behalf of the plan shall remain
with the plan sponsor or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational
seminars to plan participants on such topics as:
Diversification;
Asset allocation;
Risk tolerance; and
Time horizon
Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of retirement consulting services to plans on an individually
negotiated basis. All services, whether discussed above or customized for the plan based upon
requirements from the plan fiduciaries (which may include additional plan-level or participant-level
services) shall be detailed in a written agreement and be consistent with the parameters set forth in the
plan documents.
M Financial provides educational, administrative, and technical support for Member Firms at no charge
to plan sponsors. This includes professional development, statistical tools, and resources used to
benchmark, design, and efficiently obtain competitive proposals from appropriate providers. It also
includes providing sales and marketing support to the recordkeeper. The assistance provided by M
Financial to its Member Firms may be considered an indirect service to your plan. In providing these
services, M Financial does not act as a fiduciary under ERISA nor as an investment adviser under the
Investment Advisers Act of 1940.
Wrap Fee Programs
We do not participate in any wrap fee program.
Types of Investments
We offer advice on equity securities, warrants, corporate debt securities other than commercial paper,
commercial paper, certificates of deposit, municipal securities, variable life insurance, variable
annuities, mutual fund shares, United States government securities, options contracts on securities,
options contracts on commodities, futures contracts on tangibles, futures contracts on intangibles,
private placements, money market funds, real estate, REITs, PIPEs, derivatives, structured products,
ETFs, leveraged ETFs, interests in partnerships investing in real estate and interests in partnerships
investing in oil and gas interests.
Additionally, we may advise you on various types of investments based on your stated goals and
objectives. We may also provide advice on any type of investment held in your portfolio at the inception
of our advisory relationship.
Since our investment strategies and advice are based on each client’s specific financial situation, the
investment advice we provide to you may be different or conflicting with the advice we give to other
clients regarding the same security or investment.
IRA Rollover Recommendations
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 interest ahead of yours. Under
this special rule’s provisions, we must:
Meet a professional standard of care when making investment recommendations (give prudent
advice);
Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
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.
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of December 31, 2023, we provide continuous management services for $129,969,289 in client
assets on a discretionary basis.