Description of Advisory Firm Five Pine Wealth Management (hereinafter referred to as “FPWM”, “we”, “firm”, and “us”)became registered as an Investment Adviser with the Securities and Exchange Commission in November of 2023.
Benjamin Holzhauser and Jeremy Morris are the principal owners of FPWM.
Types of Advisory Services Investment Management Services We are in the business of managing individually tailored investment portfolios. Our firm provides continuous advice to clients regarding the investment of their funds based on their individual needs. Through personal discussions in which goals and objectives based on a client's particular circumstances are established, we develop an individual 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 any prior investment history, as well as family composition and background. Please refer to Item 8 for information on the types of investment products recommended by FPWM. Our advisors provide services on a discretionary basis, and may not always give advance notice or seek the client’s consent for any changes to the portfolio.
Account supervision is guided by the stated objectives of each client (e.g., maximum capital appreciation, 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.
FPWM will obtain the following information from our clients: age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information a client may disclose to the investment advisor in connection with any recommendations or investment advice.
FPWM will make reasonable efforts to document and annually update client suitability information. FPWM will not charge an ongoing advisory fee for unmanaged or static assets held in accounts.
Financial Planning Services Financial planning involves an evaluation of each client's current and future financial state by using currently known variables to predict future cash flows, asset values, and withdrawal plans. Through the financial planning process, all questions, information, and analysis will be considered as they affect and are affected by the entire financial and life situation of each person. Clients purchasing this service will receive a written report, with a detailed financial plan designed to achieve his or her stated financial goals and objectives.
In general, your financial plan may include, but is not limited to, the following: ● Business Planning: We provide consulting services for clients who currently operate their own business, are considering starting a business, or are planning for an exit from their current business. Under this type of engagement, we work with you to assess your current situation, identify your objectives, and develop a plan aimed at achieving your goals.
● Cash Flow and Debt Management: We will conduct a review of your income and expenses to determine your current surplus or deficit along with advice on prioritizing how any surplus should be used or how to reduce expenses if they exceed your income. Advice may also be provided on which debts to pay off first based on factors such as the interest rate of the debt and any income tax ramifications.
We may also recommend what we believe to be an appropriate cash reserve that should be considered for emergencies and other financial goals, along with a review of accounts (such as money market funds) for such reserves, plus strategies to save desired amounts.
● College Savings: Includes projecting the amount that will be needed to achieve college or other post-secondary education funding goals, along with advice and strategies for you to save the desired amount. If needed, we will review your financial picture as it relates to eligibility for financial aid or the best way to contribute to grandchildren (if appropriate).
● Employee Benefits Optimization: We will provide review and analysis as to whether you, as an employee, are taking the maximum advantage possible of your employee benefits. If you are a business owner, we will consider and/or recommend the various benefit programs that can be structured to meet both business and personal retirement goals.
● Estate Planning: This usually includes an analysis of your exposure to estate taxes and your current estate plan, which may include whether you have a will, powers of attorney, trusts, and other related documents. Our advice also typically includes ways for you to minimize or avoid future estate taxes by implementing appropriate estate planning strategies such as the use of applicable trusts. We always recommend that you consult with a qualified attorney when you initiate, update, or complete estate planning activities. We may provide you with contact information for attorneys who specialize in estate planning when you wish to hire an attorney for such purposes. From time-to-time, we will participate in meetings or phone calls between you and your attorney with your approval or request.
● Financial Goals: We will help you identify financial goals and develop a plan to reach them. We will identify what you plan to accomplish, what resources you will need to make it happen, how much time you will need to reach the goal, and how much you should budget for your goal.
● Insurance: Review of existing policies to ensure proper

coverage for life, health, disability, long-term care, liability, home, and automobile.
● Investment Analysis: This may involve developing an asset allocation strategy to meet your financial goals and risk tolerance, providing information on investment vehicles and strategies, reviewing employee stock options, as well as assisting you in establishing your own investment account at a selected broker/dealer or custodian. The strategies and types of investments we may recommend are further discussed in Item 8 of this brochure.
● Retirement Planning: Our retirement planning services typically include projections of your likelihood of achieving your financial goals, focusing on financial independence as the primary objective. For situations where projections show less than the desired results, we may make recommendations, including those that may impact the original projections by adjusting certain variables (e.g., working longer, saving more, spending less, taking more risk with investments).
If you are near retirement or already retired, advice may be given on appropriate distribution strategies to minimize the likelihood of running out of money or having to adversely alter spending during your retirement years.
● Risk Management: A risk management review includes an analysis of your exposure to major risks that could have a significant adverse impact on your financial picture, such as premature death, disability, property and casualty losses, or the need for long‐term care planning. Advice may be provided on ways to minimize such risks and about weighing the costs of purchasing insurance versus the benefits of doing so and, likewise, the potential cost of not purchasing insurance (“self‐insuring”).
● Tax Planning Strategies: Advice may include ways to minimize current and future income taxes as a part of your overall financial planning picture. For example, we may make recommendations on which type of account(s) or specific investments should be owned based in part on their “tax efficiency,” with the consideration that there is always a possibility of future changes to federal, state or local tax laws and rates that may impact your situation.
We recommend that you consult with a qualified tax professional before initiating any tax planning strategy, and we may provide you with contact information for accountants or attorneys who specialize in this area if you wish to hire someone for such purposes. We will participate in meetings or phone calls between you and your tax professional with your approval.
Retirement Plan Consulting Our firm provides retirement plan services to employer plan sponsors on an ongoing basis. Generally, such services consist of assisting employer plan sponsors or plan named fiduciaries in establishing, monitoring, and reviewing their company's participant-directed retirement plan. As the needs of the plan sponsor dictate, areas of advising could include: design of investment policy statement, investment review and recommendations, fee analysis, participant education, and vendor searches and analysis.
In providing retirement plan services, our firm does not provide any advisory services with respect to the following types of assets: employer securities, real estate (excluding real estate funds and publicly-traded REITs), participant loans, non-publicly traded securities or assets, other illiquid investments, or brokerage window programs (collectively, “Excluded Assets”).
Certain plans and/or clients that we may provide services to are regulated under the Employee Retirement Income Securities Act of 1974 (“ERISA”). We will provide employee benefit plan services to the plan sponsor and/or fiduciaries as described above for the fees set forth in Item 5 of this brochure. The services we provide are advisory in nature. We are not subject to any disqualifications under Section 411 of ERISA. In performing fiduciary services, we are acting as a fiduciary of the plan as defined in Section 3(21)(A)(ii) under ERISA.
Educational Seminars / Speaking Engagements We may provide seminars for groups seeking general advice on investments and other areas of personal finance.
These seminars are purely educational in nature and do not involve the sale of any investment products.
Information presented will not be based on any individual’s need, nor does FPWM provide individualized investment advice to attendees during these seminars. Topics covered during educational seminars will be determined by the group representative and FPWM.
Client Tailored Services and Client Imposed Restrictions We consult with clients initially and on an annual basis, through the duration of their engagement with us, to determine risk tolerance, time horizon and other factors that may impact their investment and/or planning needs.
We ensure that clients’ investment and planning recommendations are suitable for their needs, goals, objectives, and risk tolerance.
Clients are able to specify, within reason, any limitations they would like to place on discretionary authority as it pertains to individual securities and/or sectors that will be traded in their account. All such requests must be provided to FPWM in writing. FPWM will notify clients if they are unable to accommodate any requests.
Wrap Fee Programs We do not participate in wrap fee programs.
Assets under Management As of 10/24/2023, Five Pine Wealth Management has $99,000,000 in discretionary Assets Under Management and $2,500,000 million in non-discretionary Assets Under Management.