A. Firm Information
Eagle Wealth Strategies LLC (“Eagle Wealth Strategies” 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 under the laws of
the State of New Jersey. Eagle Wealth Strategies was founded in December 2020 and is owned and operated by
Christopher Tully (President, Senior Wealth Advisor). This Disclosure Brochure provides information regarding the
qualifications, business practices, and the advisory services provided by Eagle Wealth Strategies.
B. Advisory Services Offered
Eagle Wealth Strategies offers investment advisory services to individuals, high net worth individuals, trusts, estates,
businesses, 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. Eagle Wealth Strategies 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
Eagle Wealth Strategies provides tailored wealth management solutions to its Clients. This is achieved through
personal Client contact and interaction while providing discretionary (or non-discretionary) investment management
services over Client portfolios and a broad range of comprehensive financial planning. These services are described
below.
Investment Management Services - Eagle Wealth Strategies provides customized investment management solutions
for its Clients. This is achieved through continuous personal Client contact and interaction while providing
discretionary and non-discretionary investment management services. Eagle Wealth Strategies works closely with
each Client to identify their investment goals, objectives, risk tolerance and financial situation to create an overall
portfolio strategy. Eagle Wealth Strategies manages model portfolios primarily consisting of low-cost, diversified
mutual funds, exchange traded funds (“ETFs”) and individual stocks. The Advisor will allocate the Client account[s]
into one or more of the Advisor’s model portfolios based on the account[s] type, investment goals, and or risk
tolerance. The Advisor may also utilize bonds, alternative investments, structured products, and real estate
investment trusts to meet the needs of its Clients. The Advisor may retain certain types of investments based on a
Client’s legacy portfolio due to investment goals and/or tax considerations.
Eagle Wealth Strategies’ investment strategies are primarily long-term focused, but the Advisor may buy, sell or re-
allocate positions that have been held for less than one year to meet the objectives of the Client or due to market
conditions. Eagle Wealth Strategies 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.
Eagle Wealth Strategies evaluates and selects investments for inclusion in Client portfolios only after applying its
internal due diligence process. Eagle Wealth Strategies may recommend, on occasion, redistributing investment
allocations to diversify the portfolio. Eagle Wealth Strategies 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.
Eagle Wealth Strategies 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 the Client, generating cash to meet Client
needs, or any risk deemed unacceptable for the Client’s risk tolerance.
Page 5
At no time will Eagle Wealth Strategies 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.
Financial Planning Services - Eagle Wealth Strategies will typically provide a variety of financial planning and
consulting services to Clients as part of its overall wealth management services. 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, estate 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.
Eagle Wealth Strategies may also refer Clients to an accountant, attorney or other specialists, as appropriate for their
unique situation. For certain financial planning engagements, the Advisor will provide a written summary of the
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 (6) 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.
Credit and Cash Management Solutions
Through various intermediaries, the Advisor offers Clients access to credit and cash management solutions (herein
“Credit Solutions” and “Cash Management Solutions”). The recommendation of Credit Solutions and Cash
Management Solutions presents a conflict of interest as the Advisor will continue to receive investment advisory fees
for managing the assets in the Client’s account[s]. Clients are not obligated to engage the Advisor for Credit Solutions
and Cash Management Solutions. Clients may be limited in their ability to obtain as favorable terms than if the Client
were to work directly with other banks to negotiate loan terms or obtain other financial arrangements. For additional
information related to the risks involved non-purpose loans and lines of credit, please see Item 8 - Methods of
Analysis, Investment Strategies and Risk of Loss.
Page 6
Financial Institution Consulting Services
Eagle Wealth Strategies provides investment consulting services to brokerage customers (herein “Brokerage
Customers”) of Mutual Securities, Inc. (herein “MSI”) who provide written consent requesting to receive the Advisor’s
consulting services pursuant to a written agreement with the Advisor. Consulting services are strictly on products
Clients have purchased through Mutual Securities, Inc. Please see Item 10 – Other Financial Industry Activities and
Affiliations for additional details.
C. Client Account Management
Prior to engaging Eagle Wealth Strategies to provide investment advisory services, each Client is required to enter
into an agreement 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 – Eagle Wealth Strategies, in connection with the Client, will develop a
strategy that seeks to achieve the Client’s goals and objectives.
• Portfolio Construction – Eagle Wealth Strategies will develop a portfolio for the Client that is intended to meet
the stated goals and objectives of the Client.
• Investment Management and Supervision – Eagle Wealth Strategies will provide investment management
and ongoing oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Eagle Wealth Strategies does not manage or place Client assets into a wrap fee program. Investment management
services are provided directly by Eagle Wealth Strategies.
E. Assets Under Management
As of May 12, 2023, Eagle Wealth Strategies manages $430,610,968 in Client’s assets, $382,978,386 of which are
managed on a discretionary basis. $47,632,582 on a non-discretionary basis. Clients may request more current
information at any time by contacting the Advisor.