A. SLP Wealth LLC (the “Adviser,” “we,” “us,” or “our”) is an investment adviser founded in 2023,
registered with the U.S. Securities and Exchange Commission (“SEC”), and principally owned by
Travis Hornsby.
B. Adviser offers the following types of advisory services:
i.Discretionary Investment Management. Adviser provides ongoing discretionary
investment management services to its clients based upon each client’s current financial
condition, goals, risk tolerance, income, liquidity requirements, investment time horizon,
and other information that is relevant to the management of clients’ account(s). This
information will then be used to make investment decisions that reflect clients’ individual
needs and objectives on an initial and ongoing basis. Adviser’s investment decisions will
allocate portions of clients’ account(s) to various asset classes classified according to
historical and projected risks and rates of return. Adviser will retain the discretion to buy,
sell, or otherwise transact in securities and other investments in a client’s accounts
without first receiving the client’s specific approval for each transaction. Such
discretionary authority is granted by a client in his or her investment management
agreement with Adviser. Clients may not impose restrictions on investing in certain
securities or types of securities.
Adviser generally implements its investments strategy by allocating clients’ investable
assets across a diversified risk-based portfolio of no-load mutual funds and/or exchange
traded funds (“ETFs”). This portfolio is rebalanced periodically to remain in-line with the
client’s agreed-upon asset allocation, though the asset allocation may be changed from
time to time based on changes to a client’s specific situation.
ii.Financial Planning. When rendering financial planning services (which may be provided
either in connection with investment management services or as a standalone service),
Adviser will evaluate and make recommendations with respect to various financial
planning topics that are relevant to a particular client. Such topics can include, for
example, retirement planning, education savings, cash flow management, debt reduction,
insurance needs, risk mitigation, tax planning, charitable giving strategies, and/or
financial goal tracking. Implementation of Adviser’s recommendations will be at the
discretion of the client.
When rendering financial planning services, a conflict exists between Adviser’s interests
and the interests of its clients; clients are under no obligation to act upon Adviser’s
financial planning recommendations. If a client elects to act on any of the
recommendations made by Adviser, the client is under no obligation to effect the
transaction through Adviser or any of its personnel.
iii.Non-Discretionary Investment Management
for 401(k) accounts. Some of our clients are
small-business owners who offer their employees the opportunity to participate in a
401(k) plan. For such clients, we offer to provide non-discretionary investment
management services for their 401(k) plans administered by Guideline. Adviser will not
be granted the discretion to buy, sell, or otherwise transact in securities and other
investments in the 401(k) plan.
iv.Tax Services. Adviser additionally offers tax preparation and filing services pursuant to a
separate tax services engagement letter. Such tax services generally encompass the
preparation and filing of federal and applicable state income tax returns for individuals,
married couples, heads of household, and S corporations. Our tax services are only
available to our clients who engage us for financial planning services. Such clients may
retain or not retain us for their tax preparation and filing services at their sole and
absolute discretion.
v.Bookkeeping Services. Clients who retain us for tax services may also elect to retain us
for bookkeeping services pursuant to and as elected in the client’s tax services
engagement letter. Such bookkeeping services generally encompass the inventory and
recording of income and expenses and the creation of related financial statements.
Clients may retain or not retain us for their bookkeeping services at their sole and
absolute discretion. When you retain us for bookkeeping services, all or a majority of
bookkeeping tasks will be completed by unaffiliated third parties contracted with us.
C. Adviser does not participate in any wrap fee programs.
D. 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 (“ERISA”) and/or the Internal Revenue Code (the “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:
i.Meet a professional standard of care when making investment recommendations (give
prudent advice);
ii.Never put our financial interests ahead of yours when making recommendations (give
loyal advice);
iii.Avoid misleading statements about conflicts of interest, fees, and investments;
iv.Follow policies and procedures designed to ensure that we give advice that is in your
best interest;
v.Charge no more than is reasonable for our services; and
vi.Give you basic information about conflicts of interest.
E. As of December 31, 2023, we manage $8,956,250 on a discretionary basis and $0 on a
non-discretionary basis.