Van Clemens Wealth Management, LLC ("Adviser") is a registered investment adviser based in Minneapolis, MN. This does not imply a level of skill or training. We began providing investment advisory services upon approval of our registration by the state of Minnesota on June 2, 2022. We are owned by Van Clemens Financial Corporation, which is also a dba of Adviser. Investment Adviser Representatives ("Advisory Representatives") of Adviser may work with clients under different business names for branding purposes.
Our firm filed for registration with the SEC on March 15, 2024.
Portfolio Management Services Adviser and our Advisory Representatives work with clients to gain an understanding of the client's investment objectives, risk tolerance, time horizon, income needs and any other factors that are integral to the client's financial profile. Our investment advice is then tailored to meet our clients' needs and investment objectives. Clients may not impose restrictions on investing in certain securities or types of securities. We offer both non-discretionary and discretionary portfolio management services. If you participate in our non-discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis. Non-discretionary programs are offered through an agreement Adviser has with RBC Capital Markets, LLC and RBC Clearing & Custody ("RBC"). Van Clemens acts as an introducing broker/dealer to RBC and these programs are considered Wrap Fee programs. The two programs offered through RBC are RBC Advisor and RBC Unified Portfolios ("RBC UP"). RBC Advisor is a client-directed program where the Advisory Representative works with the client to create an individualized investment portfolio that may invest in stocks, fixed income, mutual funds, ETFs and eligible UITs.
If you participate in our discretionary portfolio management services, we require you to grant us discretionary authority to manage your account. Subject to a grant of discretionary authorization, we have the authority and responsibility to formulate investment strategies on your behalf. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without obtaining your approval prior to each transaction. We will also have discretion over the broker or dealer to be used for securities transactions in your account. Discretionary authority is granted by the investment advisory agreement you sign with our firm. Discretionary programs are offered through Charles Schwab ("Schwab") or Pontera.
Third-Party Asset Managed Programs As part of our portfolio management services, we may use one or more third-party managers ("TPM") to manage all, or a portion of your account, on a discretionary or non-discretionary basis. Through our agreement with Schwab, RBC, Adviser has access to over 500 TPMs. TPMs primarily offer equities, fixed income, and mutual fund products. After gaining an understanding of a client's financial situation, the Advisory Representative will make a recommendation to which program to place client assets with based upon compatibility with the client's objectives and financial profile, the TPM's performance, methods of analysis, and fees. We will monitor the TPM's performance to ensure its management and investment style remains aligned with your investment goals and objectives. Clients may not go directly to the TPM and must go through Adviser.
Discretionary TPMs are offered through Schwab. Here, we will select the TPM(s), regularly monitor the performance of your accounts managed by TPM(s) and may hire and fire any TPM without your prior approval.
4 Non-discretionary TPMs are offered through RBC UP. RBC UP is a unified managed account program through which your Account is professionally managed by using an Overlay Manager. The management of your Account may include tax overlay management services and/or personal conviction overlay screens. Tax overlay management services are available as an option for accounts utilizing model portfolios. With RBC UP, Advisory Representatives first evaluate several TPMs who offer a wide array of investment models and styles available. Advisory Representative will make a recommendation to place client assets with one or more TPM and the client can approve or reject the recommendation. Once selected and upon completion of any required documents, the TPM selects investments for the client and manages the client account on a discretionary basis, meaning the TPM makes investment decisions without prior approval from the client, and generally provides continuous management of client accounts and periodic reporting on the performance of the accounts. Advisory Representatives provide ongoing advice and act as the communication link between clients and TPM(s), and for this service, Adviser receives fees paid by the client for investment management services. Specific information about each TPM's investment objectives, philosophy, and portfolio management expertise can be found in RBC's Form ADV Part 2A brochure and the RBC Appendix 1 Wrap Fee Brochure. Clients should read these disclosure documents carefully to understand the investment process used by the TPMs, along with any fees or costs associated with the TPM's advisory services. For more information on programs through RBC, including any minimum investment required, please refer to the RBC's Form ADV Part 2A and RBC's Wrap Fee Brochure.
Financial Planning Services We offer financial planning services on topics such as retirement planning, risk management, college savings, cash flow, debt management, work benefits, and estate and incapacity planning. These services can range from broad-based financial planning to consultative or single subject planning. If you retain our firm for financial planning services, we will meet with you to gather information about your financial circumstances and objectives. Once we review and analyze the information you provide to our firm, we will deliver a written plan to you, designed to help you achieve your stated financial goals and objectives. Financial plans are based on your financial situation at the time we present the plan to you, and on the financial information you provide to us. You must promptly notify our firm if your financial situation, goals, objectives, or needs change.
In general, the financial plan will address any or all of the following areas of concern. The Client and advisor will work together to select specific areas to cover. These areas may include, but are 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. College Savings: Includes projecting the amount that will be needed to achieve college or other post- secondary education funding goals, along with advice on ways for you to save the desired amount. Recommendations as to savings strategies are included, and, if needed, we will review your financial picture as it relates to eligibility for financial aid or the best way to contribute. 5 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.
Financial Goals: We will help identify financial goals, develop a plan to reach them including what resources you will need to make it happen, how much time you will need to reach the goal, and how much to 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 Clients' 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.
Retirement Planning: Our retirement planning services typically include projections of your likelihood of achieving your financial goals, typically 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.
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 also offer monthly planning services. Clients subscribing to this service will receive annually a written or an electronic report, providing the Client with a detailed financial plan designed to achieve his or her stated financial goals and objectives. If a follow-up meeting is required, we will meet at the Client's convenience. The plan and the Client's financial situation and goals will be monitored throughout the year and follow-up phone calls and emails will be made to the Client to confirm that any agreed upon action steps have been carried out. Any needed updates will be implemented at that time.
Upon the Client's express and written request, Adviser may recommend the services of other professionals for certain noninvestment implementation purposes (i.e. attorneys, accountants, tax preparer, insurance agent, etc.). No compensation is received by Adviser for these recommendations.
Estate Planning Our firm offers Estate Planning services to our clients that consists of education on estate planning topics and the collection of general information necessary to complete a new estate plan or review a current estate plan. We also assist the client in gathering the required information needed to provide outside estate planning firms so that an estate plan can be created or updated. Any and all fees paid 6 by the client for outside referred services will be paid to those service providers directly. Clients are not required to utilize any third-party products, services or referrals that we may recommend and can select the service provider of their choice. Retirement Plan Consulting Services Our firm specializes in providing non-fiduciary retirement plan consulting services to ERISA plan clients. Our primary goal is to assist our clients in designing, implementing, and maintaining retirement plans that meet their specific needs. Our services are tailored to cater to a wide range of clients, from small businesses to large corporations, offering services to both defined contribution and defined benefit plans. Our retirement plan consulting services include, but are not limited to, the following: Participant Education and Engagement: We believe that informed participants are crucial for the success of a retirement plan. Hence, we provide educational sessions and materials to help participants understand their retirement savings options, the importance of contributing to their retirement, and how to manage their investments.
Benchmarking Services: Advisory Representatives will provide Client with comparisons of Plan data (e.g., regarding fees, services, participant enrollment and contributions) to data from the Plan's prior years and/or a benchmark group of similar plans.
Fee Analysis: Advisory Representatives will assist client in identifying the fees and other costs borne by the Plan for, as specified by client, investment management, recordkeeping, participant education, participant communication and/or other services provided with respect to the Plan.
Vendor Management and Selection: We assist in the selection and management of plan vendors, ensuring that they provide quality services at competitive prices. This includes negotiating terms with vendors, monitoring their performance, and ensuring they meet service expectations.
Our retirement plan consulting services are designed to be flexible, accommodating the unique needs and circumstances of each client. We pride ourselves on our commitment to providing high-quality, personalized service, aimed at helping our clients achieve successful retirement outcomes for their employees. For a more detailed description of the non-fiduciary services provided, the ERISA plan client should refer to the investment advisory agreement. IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. 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 and/or the Internal Revenue 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:
• Prudent Advice: Meet a professional standard of care when making investment recommendations
• Loyal Advice: Never put our financial interests ahead of yours when making recommendations
• Avoid misleading statements about conflicts of interest, fees, and investments
• Follow policies and procedures designed to ensure that we give advice that is in your best interest
• Charge no more than is reasonable for our services
• Give you basic information about conflicts of interest 7 We benefit financially from the rollover of your assets to an account we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest. Assets Under Management As of January 30, 2024, we provide continuous management services for $102,385,686 in client assets on a discretionary basis, and $3,468,585 in client assets on a non-discretionary basis.