Description of Advisory Firm
Foguth Wealth Management, LLC. is registered as an Investment Adviser with the Securities and Exchange
Commission. We were founded in February 2023. Michael Foguth is the principal owner of FWM and Mark A.
Zeigler II is the Principal and Chief Compliance Officer
Types of Advisory Services
Investment Management Services
We are in the business of managing individually tailored investment portfolios. Our firm provides continuous
advice to a Client regarding the investment of Client funds based on the individual needs of the Client. Through
personal discussions in which goals and objectives based on a Client's particular circumstances are established,
we develop a Client's personal investment policy or an investment plan with an asset allocation target and create
and manage a portfolio based on that policy and allocation targets. We will also review and discuss a Client’s
prior investment history, as well as family composition and background.
Account supervision is guided by the stated objectives of the Client (e.g., aggressive growth, growth, income, or
growth, and income), as well as tax considerations. Clients may impose reasonable restrictions on investing in
certain securities, types of securities, or industry sectors. Fees pertaining to this service are outlined in Item 5 of
this brochure.
Use of Third-Party Managers, Outside Managers, or Sub-Advisors (TAMPs)
We offer the use of Third-Party Managers, Outside Managers, or Sub-Advisors (TAMPs) for portfolio
management services. We assist Clients in selecting an appropriate allocation model, completing the Outside
Manager’s investor profile questionnaire, interacting with the Outside Manager and reviewing the Outside
Manager. Our review process and analysis of outside managers is further discussed in Item 8 of this Form ADV
Part 2A. Additionally, we will meet with the Client on a periodic basis to discuss changes in their personal or
financial situation, suitability, and any new or revised restrictions to be applied to the account. Fees pertaining to
this service are outlined in Item 5 of this brochure.
FWM Asset Allocation Models
The FWM Asset Allocation Models we offer have been designed around SEC registered exchange-traded
products (ETP’s), primarily including exchange traded funds (ETF’s) and NMS securities, with various
investment characteristics and parameters offering a series of investment options for our clients based on their
investment objectives.
Typically, future prospects for greater investment returns bear greater risks, commonly reflected in price and
trading volatility, including potential loss of income and principal. Our assessment of the relative risks and
volatility of different categories of investments, as well as specific investments, are affected by many, variables
beyond our control and represent our professional judgement that under no circumstances can be guaranteed or
assured.
Each of our Models includes varying asset allocations among different ETP’s and ETF’s having different
investment characteristics and risks including, among others (i) domestic and foreign equities of issuers having
varying levels of capitalization, investment characteristics, historical performance, and other considerations; and
(ii) fixed income securities issued by federal, state and local governments and corporate issuers with varying
levels of capitalization, investment characteristics, credit enhancements, credit histories, and other credit-related
considerations. Historical performance and credit histories do not assure the future performance of those
securities.
Risk and volatility are very important among the various investment-related considerations potentially affecting
anticipated investment performance. See Item 8, Methods of Analysis, Investment Strategies and Risk of Loss, as
amended from time to time, for additional information regarding our investment strategies, practices and related
risk considerations.
Typically, once each year, and in special cases more frequently, the Model composition and allocation weights
may be adjusted. The timing of our rebalancing of a Model may have tax-related consequences for clients as a
whole but not with respect to any specific clients circumstances. See Item 4, Advisory Business, for additional
information.
Financial Planning Services
We provide financial planning services on topics such as qualified planning, risk management, college savings,
cash flow, debt management, work benefits, and estate and incapacity planning. Clients will receive a financial
plan at the beginning of the engagement. The financial plan covers a variety of topics including, but not limited
to, Social Security benefit planning, investment-related tax advice such as Roth conversion timing and
distribution planning, investment planning (allocation and rebalancing), estate planning (non-legal) and income
planning.
Qualified Plan Consulting Services
If you are a qualified plan sponsor, we offer qualified plan consulting services to assist you in meeting your
fiduciary obligations to your company sponsored Defined Contribution Plan. We can provide these services
either on an ongoing basis or
by way of a specific or one-time project-based request. Through interviews with
the appropriate individuals at your company, we identify and confirm, together with you, targeted goals and
objectives. Based upon information you provide, we are able to offer both fiduciary and non-fiduciary services
for your selection, as needed.
Fiduciary services, as defined under 3(21)(A) of the Employee Retirement Income Security Act of 1974
(“ERISA”), are provided under a Service and Non-Discretionary Investment Advisory Agreement for ERISA
Defined Contribution Plans, as defined in Section 3(38) of ERISA, under a Service and Discretionary Investment
Advisory Agreement for ERISA Defined Contribution Plans (collectively referred to as FRPS Retirement
Consulting Agreements.”)
An FRPS Retirement Consulting Agreement is provided prior to the start of our relationship and dependent upon
your selections, may include the following services:
• Develop or supply assistance to develop, document, and review your plan’s investment policy statement
(“IPS”);
• Recommendations regarding the retention, selection, or termination of certain designated investment
alternatives and /or qualified default investment alternatives in accordance with your plan’s guidelines;
and
• Preparation and presentation of periodic investment measurement reports for your plan. These reports
typically include analyses and recommendations regarding (1) the current investment market
environment, as well as possible future market trends; (2) manager performance and asset allocation; (3)
reporting provided by Custodians and Administrators; (4) investment performance and investment costs
of current selections compared to benchmarks and market averages.;
• Provide participant-level advice to your current employees in the plan if you select that service in the
Participant Advice Supplement (“Supplement”) to our agreement with you. If you selected participant
level advice, each employee seeking individual advice will in turn sign a separate Participant
Acknowledgement electing to utilize the service while actively employed by the plan sponsor.
Participant level advice is only applicable to participant account(s) held within the qualified plan while
the participant is employed by your company.
Through interviews with employee participants who desire our advice, our representatives will gather
information regarding their time horizon, risk tolerance and investment goals. Based on the information
obtained, our representatives will provide non-discretionary investment recommendations to the plan
participant in regards to their qualified plan account(s). Non-discretionary investment advice means that
the participant must choose whether to follow and implement the advice or recommendations that we
provide to them;
• Select, monitor, remove and replace the Plan’s Designated Investment Alternatives, including the Plan’s
qualified default investment alternative, consistent with the Plan’s IPS or written investment objectives;
• Non-fiduciary consulting services may include services regarding plan design,, service provider
evaluation, training, and participant education.
Termination of Qualified Plan Consulting Services
As the plan sponsor, you may terminate the Retirement Consulting Agreement without incurring fees or penalties
within five (5) business days after entering into the Agreement.
After five (5) business days, you or we may terminate the Agreement by providing fifteen (15) days prior written
notice. The Agreement will then terminate on the month end immediately following the fifteen (15) day notice
period (“Termination Date”). We will prorate our compensation to the Termination Date. With the exception of
any compensation due and owing upon termination, we do not have any additional termination charges or
termination fees. After the Termination Date, we will have no further duties or obligations to the Plan.
The Participant level advice supplement may be terminated at any time by you or us upon fifteen (15) days prior
written notice. After termination of the Supplement, participant advice will no longer be available to plan
participants. An employee of a plan sponsor may also individually select to terminate their Participant
Acknowledgement at any time by sending written notice to us at our address on the cover of this brochure. We
will also discontinue providing participant advice when an employee ends his or her employment with your or
your affiliates.
Client Tailored Services and Client Imposed Restrictions
We offer the same suite of services to all of our Clients. However, specific Client financial plans and their
implementation are dependent upon the Client Investment Policy Statement which outlines each Client’s current
situation (income, tax levels, and risk tolerance levels) and is used to construct a Client specific plan to aid in the
selection of a portfolio that matches restrictions, needs, and targets.
Wrap Fee Programs
We do not participate in wrap fee programs.
Assets Under Management
As of December 2023, we had $ 236,955,954 in discretionary assets under management and $0 non-discretionary
assets under management.