ADV Part 2A, Item 4
Wall Capital Group, Inc. (“WCG”) is an SEC-registered investment adviser. Prior to
March 2018, WCG did business as Wall & Associates and Wall Wealth Advisors.
Associated persons of WCG are referred to herein as “Advisory Representatives.”
WCG was incorporated in the State of Illinois and began its advisory business in May
1990. The principal owners are David J. Wall and his wife Colleen M. Wall. Each owns
50% of the firm’s outstanding stock. Until March 2018, the firm’s corporate name was
Money Matters Financial Group, Inc. The firm changed its name to reflect the Wall brand
that its clients have known over the years while operating using the names Wall &
Associates and Wall Wealth Advisors.
Investment Management and Consulting
WCG provides continuous discretionary investment supervisory management services,
personal financial planning services and non-discretionary institutional consulting/advisory
services. As of the date of this brochure, approximately 85% of WCG’s advisory services
assets managed are for institutional clients. Approximately 15% of advisory services assets
managed are personal financial planning and individual asset management services. We
have more individual clients, however, than institutional clients. For a more detailed
discussion of our clients, please see Item 7, Types of Clients, in this brochure.
We provide individual personal financial planning and asset management.
WCG’s institutional clients are primarily police and fire pension accounts. WCG will
evaluate and provide analysis with respect to the liquidity of the pension account, develop
a written investment policy statement, assist in defining risk tolerance, perform separate
account manager search and due diligence, monitor manager and plan/account
performance, assist in complying with pension code guidelines, and provide regular
quarterly performance reports.
Asset Management Program
Clients wanting to engage WCG to manage client’s account will need to establish an
account (“Account”) with Charles Schwab and Company (“Charles Schwab”) or a
broker/dealer or other custodian of client’s choice and grant trading authorization to
WCG. Clients who choose another broker/dealer are advised that the broker/dealer
should be able to provide duplicate statements and confirmations to WCG and accept
trades from WCG. Additionally, if possible, WCG should be given electronic access to
client’s account. WCG will not maintain custody of client’s funds or securities.
WCG offers asset management services on a discretionary basis using mutual funds and
Exchange Traded Funds (ETF’s). Advisory Representatives will gather information on a
client’s financial history, goals, objectives, and financial concerns and assist client in
developing an asset allocation strategy. All information gathered from client is
confidential. Client will establish an account and deposit cash, cash equivalents and
securities and engage an Advisory Representative to manage the Account. Based on
client’s investment objectives, risk tolerance, and financial situation, WCG will provide the
advisory services requested by the client. WCG will exercise discretionary authority to
purchase, sell, and exchange and otherwise transact securities in accounts receiving
continuous supervisory management services. Therefore, securities transactions will be
conducted without discussing the securities transactions with the client prior to the
transactions.
WCG does not normally allow restrictions.
Financial Planning Services
WCG offers financial, tax, estate, retirement, and educational planning services.
WCG will
gather financial information and history from the client including, but not limited to,
retirement and financial goals, investment objectives, investment horizon, financial needs,
cash flow analysis, cost of living needs, education needs, savings tendencies, and other
applicable financial information required by WCG in order to provide the investment
advisory services requested. Based WCG’s analysis of a client’s information and needs,
WCG will provide clients with recommendations. Financial plans are based on the client’s
financial situation at the time and are based on financial information disclosed by the client
to WCG. Clients are advised that certain assumptions may be made with respect to
interest and inflation rates and use of past trends and performance of the market and
economy. However, past performance is in no way an indication of future performance.
WCG cannot offer any guarantees or promises that a client’s financial goals and objectives
will be met. Further, each client must continue to review any plan and update the plan
based upon changes in the client’s financial situation, goals, or objectives or changes in the
economy. Should a client’s financial situation or investment goals or objectives change,
clients must notify WCG promptly of the changes.
Advisory Representatives may offer advice and tailor insurance needs for WCG’s clients.
WCG employees are licensed to recommend and sell life insurance and annuities products
in the States of Illinois and Arizona. WCG may make recommendations to purchase
certain insurance products when it satisfies a client’s investment goals and objectives.
WCG will prepare personal financial plans for a fee. Fees are negotiable because there
may be differences in the complexity of the services requested. Our standard fee to create
a financial plan is set forth in Item 5, Fees and Compensation.
Needs of Our Clients
Personal asset management and financial planning services are tailored to meet specific
client goals and objectives as well. Client data is gathered using questionnaires which aid
in establishing those goals and objectives. Exhibits displaying the historical risk and return
characteristics of various stock and bond asset mixes are available to assist in evaluating
the merits of various investment allocations. Models using unmanaged market indices are
used to illustrate this information and are not actual returns of client’s investment
portfolios, but merely illustrations based upon historical capital market behavior.
After identifying the client’s specific goals, objectives, and risk tolerance, accounts are
managed to one of the following asset mix targets: 1. Preservation of capital - 100% fixed
income and cash; 2. Conservative - 30% equity and 70% fixed income; 3. Moderate
Conservative - 40% equity and 60% fixed income; 4. Moderate - 50% equity and 50%
fixed income; 5. Moderate Aggressive - 60% equity and 40% fixed income; and 6.
Aggressive - 70% equity and 30% fixed income. Portfolios are rebalanced back to targets
when asset class weights are plus or minus 5% from the intended target.
Police and fire advisory services are tailored to meet the liquidity, risk tolerance, plan
objectives and statutory requirements of the plan. These are identified by meeting with the
Board of Trustees and discussing the specifics of their plan.
Wrap Fee Program
WCG does not participate in any wrap fee programs.
Assets Under Management
As of December 31, 2023, discretionary assets were approximately $259,615,000 and non-
discretionary assets were approximately $398125,000, for a total of approximately
$657,740,000 (all rounded to the nearest thousand.)