About BKM Wealth Management
BKM Wealth Management, LLC (“BKM”) is a registered investment advisor that provides financial
planning, investment management and financial advisory services to individuals, high net worth
individuals, business owners and corporations to help them achieve their financial needs and goals. BKM
has been a registered investment advisor since 2022. The sole shareholders of the firm are Casey Berrall,
Matthew Kons, Steven Manders and William Manders.
BKM takes pride in providing personalized service to clients and acknowledges that it is held to a
fiduciary standard of care.
Types of Advisory Services We Offer
BKM’s primary focus is on a rigorous Financial Planning process and its integral role in overall Wealth
Management. They offer a variety of investment advisory services to individuals, high net worth
individuals, retirement plans, trusts, estates, family entities and businesses/corporations. While each of
these services are available on a stand-alone basis, Wealth Management led by a financial plan and
incorporating portfolio management is BKM’s primary service offering. These services include:
• Wealth Management
o Financial Planning and Consulting Services
o Investment and Portfolio Management
Selection of Independent Managers
Wrap Fee Program
• Fiduciary and Non-Fiduciary Services for Plan Sponsors
• Insurance Consulting Relationships
Wealth Management
Wealth Management at BKM includes the Financial Planning process with ongoing consultation as well
as investment and portfolio management services on a discretionary or non-discretionary basis. BKM
works with clients to determine their investment objectives and risk profile and develop and execute a
customized Financial Plan based on their individual needs and goals. BKM will utilize the financial
information provided by the client to analyze and develop an integrative investment and portfolio
management strategy leading to solutions to assist the client in meeting their financial goals. Prior to
BKM rendering any of the foregoing services, clients are required to enter into one or more written
advisory agreements with BKM setting forth the relevant terms and conditions of the advisory
relationship.
As a part of the Wealth Management offering, BKM will recommend other professionals to implement
recommendations, or for other types of services, such as accounting firms, law firms, business
consultants, and bankers. These additional services offered by another professional are provided at an
additional cost to you and are separate and distinct from BKM’s advisory services. In some cases, this
creates a conflict of interest because we will have an incentive to recommend additional services based
on the prospect of cross-referrals of clients from the other professional or his or her firm.
Financial Planning and Consulting Services
BKM develops a Financial Plan for all Wealth Management clients at no additional cost. Both integrated
and stand-alone financial planning and consulting services help clients identify, prioritize and work
towards their goals and objectives. Consulting services give clients the ability to receive a broad range of
financial advice and services, including specific security recommendations, for the duration of the
advisory agreement.
The process starts with an extensive review of a client's life goals, family situation, which includes assets
and liabilities, as well as estate, tax, and insurance needs. We then employ a risk tolerance and risk
capacity-focused simulation to get a detailed cash flow analysis and proposed asset allocation. Together,
this information is analyzed to develop a proposed financial plan; designed to be dynamic in nature and
evolving with life changes, variations in cash flow needs, risk tolerance, time horizon, or investment
objectives.
BKM’s financial planning and consulting services can include any of the following topics:
• Cash Flow Analysis and Forecasting
• Risk Management
• Trust & Estate Planning
• Charitable Giving
• Education Planning
• Business Planning
• Retirement Planning
• Liability Management
• Investment Consulting
• Distribution Planning
• Tax Planning
• Insurance Review
• Next Generation Family
• Retirement Plan Consulting and Employee
Benefits Analysis
In performing these services as a stand-alone offering, BKM is not required to verify any information
received from the client or from the client's other professionals (e.g., attorneys, accountants, etc.), and
is expressly authorized to rely on such information. BKM may recommend clients engage the firm for
additional related services, such as investment management services. While included in the firms
Wealth Management offering, these additional services are provided at an additional cost to you, which
is based on the nature, extent, complexity, and other characteristics of the services. This creates a
conflict of interest because we will have an incentive to recommend additional advisory services based
on the compensation received, rather than solely based on your needs.
Implementation of financial planning recommendations is entirely at your discretion. You have complete
freedom in selecting a financial advisor to assist you with implementing the recommendations made in
your financial plan and are under no obligation to act on the advice of BKM. Financial planning
recommendations are of a generic nature and are not limited to any specific product or service offered
by a broker dealer or insurance company. Should you choose to implement the recommendations
contained in the plan, BKM suggests you work closely with your attorney, accountant and/or insurance
agent.
BKM will act solely in the capacity as a registered investment advisor and does not provide any legal,
accounting or tax advice. You should seek the counsel of a qualified accountant and/or attorney when
necessary. As part of BKM’s advisory services, we may assist clients with tax loss harvesting and will
work with the client’s tax specialist to answer any questions related to the client’s portfolio. Any
incidental tax discussions on topics such as required minimum distributions, retirement plan
contributions, etc., should be verified with your tax advisor.
Investment and Portfolio Management Services
BKM manages clients’ portfolios on a discretionary and non-discretionary basis; integrated with the
Wealth Management offering or as a stand-alone service. Investment and portfolio management
services are included in the Wealth Management offering at no additional cost. Investment and portfolio
management services are tailored to the needs of clients and are based on a comprehensive
understanding of each client’s current situation, past experiences, and future goals. With this acquired
knowledge BKM will create, analyze, strategize for, and implement goal-oriented investment solutions.
These solutions become the clients’ investment policy.
Client assets are primarily allocated among individual equity and debt securities, exchange-traded funds
("ETFs"), mutual funds, and independent investment managers (“Investment Managers”) in accordance
with the client's stated investment objective and risk/volatility parameters. Where appropriate, BKM
may also provide advice about many types of legacy positions or other investments held in client
portfolios. Clients may also engage BKM to manage and/or advise on certain investment products that
are not maintained at their primary custodian, such as variable life insurance and annuity contracts, and
assets held in employer sponsored retirement plans and qualified tuition plans (i.e., 529 plans). In these
situations, typically BKM will direct or make recommendations on a non-discretionary basis for the
allocation of client assets among the various investment options available with the product. These
assets are generally maintained at the underwriting insurance company or custodian for the plan trustee
or administrator and clients retain responsibility for effecting trades in these accounts.
BKM consults with clients on an initial and ongoing basis to assess their specific risk tolerance, time
horizon, liquidity constraints and other related factors relevant to the management of their portfolios.
You should promptly notify BKM if there are changes in your financial situation or if you wish to place
any limitations on the management of your account. You may impose reasonable restrictions or
mandates on the management of your account if BKM determines, at their sole discretion, the
conditions would not materially impact the performance of a management strategy or prove overly
burdensome to the firm's management efforts.
BKM makes available to certain eligible clients the FICA® | For Advisors cash management program
sponsored by StoneCastle Network, LLC (‘StoneCastle’), an
affiliate of StoneCastle Cash Management,
LLC. The Federally Insured Cash Account (“FICA”) program offered by StoneCastle allows customers the
ability to place their money in deposit accounts at banks, savings institutions and credit unions in a
manner that maintains full insurance of the funds by the Federal Deposit Insurance Corporation (“FDIC”)
or National Credit Union Administration (“NCUA”), whichever is applicable. Funds will be deposited
within StoneCastle’s network of insured depositories (“Deposit Network”). StoneCastle requires a
$100,000 minimum deposit to open a FICA Program account. BKM will receive between 0-15bps on
participating client assets in this program. BKM will assist clients in signing up for this program and
facilitating the transfer of funds between the client’s like-named accounts. Clients participating in this
program will receive a copy of the StoneCastle Form ADV. Directing client assets into the FICA Program
is a conflict of interest for BKM since BKM, at times, earns a fee from participating client assets in the
program.
To the extent a client’s assets are managed by an Independent Manager or are invested in a particular
fund, those managers and funds will have their own investment practices. Those investment practices
are described in each manager’s Form ADV or fund’s prospectus, or in its offering or other disclosure
documents. In addition, selected money managers or funds typically have discretion to determine the
type, and amount, of securities to be purchased or sold for the portion of the assets managed by the
money manager or fund.
Pontera
We utilize a third-party platform to facilitate the management of held-away assets in which we will have
discretionary authority to implement tax-efficient asset allocation and opportunistic rebalancing
strategies on behalf of the client. These are primarily 401(k) accounts, 529 Plans, HSAs and other assets
which are held at third-party custodians. We regularly review the available investment options in these
accounts, monitor and rebalance and implement our strategies in the same way we do other accounts,
though using different tools as necessary. BKM is limited by the universe of investments offered by the
custodian(s) for these held-away accounts.
We are not affiliated with the platform in any way and receive no compensation from them for using
their platform. A link will be provided to the client allowing them to connect a held-away account(s) to
the platform. Once the client’s account is connected to the platform, BKM will review the current
account allocations. We seek to align the client’s held-away account(s) with their overall investment
time horizon, risk tolerance, and investment goals. When deemed necessary, BKM will rebalance the
account considering client’s investment profile, as well as changes in economic and market trends.
Selection of Independent Managers
As part of investment and portfolio management services, BKM uses a multitude of criteria in selecting
Independent Managers, including:
• Manager due diligence
• Manager search and recommendations
• Monitoring of manager risk and performance
BKM may select certain Independent Managers to actively manage all or a portion of its clients' assets.
Pursuant to the terms of the investment advisory agreement, BKM shall have the discretion to appoint
and terminate these third-party advisors. The specific terms and conditions under which a client
engages an Independent Manager may also be set forth in a separate written agreement with the
designated Independent Manager. In addition to this brochure, clients will also receive the written
disclosure documents of the respective Independent Managers engaged to manage their assets. Certain
Independent Managers require a separate investment advisory agreement with the Independent
Manager, while others do not.
BKM evaluates a variety of information about Independent Managers, which may include the
Independent Managers' public disclosure documents, materials supplied by the Independent Managers
themselves and other third-party analyses it believes are reputable. To the extent possible, BKM seeks
to assess the Independent Managers' investment strategies, past performance, and risk profile in
relation to its clients' individual portfolio allocations and desired risk exposure. BKM also takes into
consideration each Independent Manager's management style, returns, reputation, financial strength,
reporting, pricing and research capabilities, among other factors. Currently, BKM utilizes the Unified
Managed Account managers and mutual fund advisory program available through Wells Faro Advisors.
BKM provides services relating to the selection of Investment Managers in discretionary and non-
discretionary relationships. On an ongoing basis, BKM monitors the performance of those accounts
being managed by Independent Managers. BKM seeks to ensure the Independent Managers' strategies
and target allocations remain aligned with clients' investment objectives and overall best interest.
Portfolio Management Services for Wrap Fee Program
BKM offers portfolio management services through a wrap fee program. A bundled or “wrap fee”
program is an advisory fee program under which you pay one bundled fee to compensate BKM for
portfolio management, transaction costs and custodial services. A wrap fee program may not be the
lowest cost option if you would like to restrict your investments to open-end mutual funds or other
long-term investment products. See form ADV Part 2A Appendix 1: Wrap Fee Brochure for further
information regarding BKM’s Wrap Fee Program
Fiduciary and Non-Fiduciary Services for Plan Sponsors
Retirement plan sponsors may retain BKM to provide advisory and consulting services for plan assets.
Fiduciary services available to plan sponsors include:
• Reviewing and assisting in the establishment of investment policies and objectives on behalf of
the plan
• Assistance with development of an Investment Policy Statement
• Recommending core investments to be offered to plan participants for selection by the plan
sponsor
• Monitoring of the plan’s investments or investment managers in accordance with the plan’s
Investment Policy Statement or other relevant guidelines
• Assistance with plan design strategies and implementation of new plan design capabilities and
their potential impact on the plan and plan participants
Non-fiduciary consulting services available to plan sponsors include:
• Educating plan participants on investment options available within the plan
• Preparation of periodic performance reports for the plan’s investments
• Assistance with monitoring the reasonableness of the fees and expenses of the plan’s
investments or investment managers in accordance with the plan’s Investment Policy Statement
or other relevant guidelines
• Benchmarking existing plan service providers to industry peers, and, where appropriate,
conducting a search for new providers for the plan sponsor’s consideration and providing BKM’s
recommendation
Insurance Consulting
BKM has a relationship with DPL Financial Partners, LLC (“DPL”). By working with DPL, BKM may provide
insurance reviews/analyses, education, and insurance solutions in a conflict free manner. DPL is a third-
party provider of a platform of insurance consultancy services to SEC-registered investment advisers
(“RIAs”) that have clients with a current or future need for insurance products.
BKM
DPL offers RIAs memberships to its platform for a fixed annual fee and, through its licensed insurance
agents who are also registered representatives of The Leaders Group, Inc. (“The Leaders Group”), an
unaffiliated SEC-registered broker-dealer and FINRA member, offers members a variety of services
relating to fee-based insurance products. These services include, among others, providing members with
analyses of their current methodology for evaluating client insurance needs, educating and acting as a
resource to members regarding insurance products generally and specific insurance products owned by
their clients or that their clients are considering purchasing, and providing members access to and
product marketing support regarding fee-based products that insurers have agreed to offer to members’
clients through DPL’s platform.
DPL is licensed as an insurance producer in Kentucky and other jurisdictions where required to perform
the platform services. Its representatives are also licensed as insurance producers, appointed as
insurance agents of the insurers offering their products through the platform, and registered
representatives of The Leaders Group.
Amount of Assets We Manage
As of December 31, 2023, BKM Wealth Management managers $534,627,582 in regulatory assets under
management with $417,501,836 in discretionary assets under management and $117,125,746 in non-
discretionary assets under management.