Overview
Part A. Clune & Associates was founded in 1987, and since its inception we have been actively engaged
in the financial planning and private wealth management business. We have offices in Chicago, Illinois,
Vail Valley, Colorado, and Vero Beach, Florida; however, we service clients throughout the United States
and Canada. The firm is principally owned by Randolph (“Randy”) Hardy.
Part B. At Clune & Associates, our clients have come to rely on us for more than just investment
management services. We look at our clients' complete wealth picture and provide coordinated strategies
on all aspects of their lives that impact their financial well being. Depending on their unique needs, our
comprehensive wealth plan can offer strategies and guidance in a wide range of areas including
Investment and Portfolio Management, Financial and Retirement Planning, Risk Management / Insurance
Planning, Tax Planning, Estate Planning and Charitable Gifting.
Part C. Prior to working with a potential client, we conduct a discovery meeting to determine if there is a
mutual fit and whether there is a possibility of working together. From there, we assess a client’s goals
(i.e. retirement, income etc.), objectives (i.e. rate of return expectations) and constraints (i.e. risk
tolerance, time horizon and income requirements). An investment policy statement (IPS) and a
recommended asset mix is developed based on these goals, objectives and constraints. While there are a
limited number of portfolio asset mixes, clients can impose restrictions on investing in certain asset
classes or mutual funds, however not specific securities.
Part D. We have contracted
with BAM Advisor Services, LLC for 401(k) services, including access to
model investment portfolios and administrative and marketing support services. BAM receives a portion
of the fees paid by participating 401(k) plans. In no instance shall the revenue split between BAM and
Clune & Associates fall below 70% of revenue to the Advisor, except if minimum fees are invoked.
We do not participate in any wrap fee programs.
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:
● Meet a professional standard of care when making investment recommendations (give prudent
advice);
● Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
● 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; and
● Give you basic information about conflicts of interest.
Part E. As of December 31, 2023, we have the following assets under management:
Discretionary: $502,676,287
Non-Discretionary: $80,018,344
Total: $582,694,631