Overview: BSW Wealth Partners, Inc. a Public Benefit Corporation, founded in 1992, stands as a pioneering, woman-founded wealth advisory firm. Specializing in financial planning and customized portfolio management, we serve a national clientele from our Boulder and Denver offices. Our clients range from successful individuals and couples to multi-generational families and business owners, including those navigating life transitions and pursuing dreams. United by the desire to enhance their lives, they seek a trusted partner to help safeguard and grow their wealth over the long-term. Beyond individual advisory, BSW extends its expertise to companies corporate executives, and 401(k) plan sponsors, offering comprehensive consulting services.. Beginning March 14, 2019, advisory services are provided by BSW Wealth Partners, Inc., a Public Benefit Corporation as the successor to BSW Wealth Partners, LLC. In 2019, BSW elected to change its corporate and legal structure from a limited liability company to a Colorado Public Benefit Corporation (“PBC”). PBCs are for-profit enterprises that also vow to do good in the world and by their stakeholders. BSW’s statement of public purpose is: To 'Make Life Better' for BSW clients, staff and our broader community by building a long-term sustainable and environmentally considerate business that helps our clients and stakeholders achieve both financial security and lives of meaning, abundance, and fulfillment. Ownership: BSW is currently owned by ten individuals. David Wolf is the only individual owning more than 25% of BSW. Services: BSW provides investment management and other financial advisory services. Services are based on a client’s individual needs and may include: Investment Supervisory Services:
• Analyzing client’s investments coming under BSW’s supervision;
• Determining client’s short-term and long-term investment objectives, time horizon, concerns, experience, and risk profile;
• Developing an investment plan and related financial strategies designed to achieve client’s objectives, including investment policy guidelines;
• Implementing investment strategies as appropriate, including portfolio monitoring, periodic rebalancing, and specific portfolio changes, as appropriate;
• Monitoring client’s portfolio on a regular basis and recommending specific changes as necessary;
• Maintaining regular communication with the client; and
• Preparing periodic investment reports for client. Planning Services:
• Preparing periodic financial security analyses;
• Reviewing annual contribution and withdrawal summary; and
• Managing required minimum distributions. Other Financial Advisory Services:
• Wealth Planning: Helping clients understand the level of assets, allocation, savings, and long-term investment returns needed to achieve their financial goals.
• Tax & Estate Planning / Coordination: Discussing general tax, wealth transfer and estate planning concepts with clients and qualified attorneys, CPA’s and other professionals to fully develop suitable strategies. BSW does not provide legal advice and its Tax & Estate Planning advice should not be considered legal or tax advice. BSW will coordinate the resulting strategies with the client’s investment and financial planning, as appropriate.
• Diversification Planning: Designing and implementing strategies to manage risk and handle concentrated positions of various assets such as real estate, business assets, inherited stock, founder’s stock, optioned stock, and highly appreciated (low basis) stock.
• Charitable Gifting Strategies: Discussing and evaluating strategies to meet client’s charitable objectives, including the potential economic and tax implications of such strategies. This may include assisting with establishing, funding and managing charitable trusts, foundations, and not-for-profit entities.
• Employee Stock Options: Designing and implementing strategies for the funding, exercise, and sale of employee stock options, including analysis of the economic and income tax implications of such strategies.
• Business/Exit/Pre-Liquidity Planning: Assisting clients who expect to have a “liquidity event” (such as their company plans to go public or will be acquired by another company) within the next 12 months.
• Specialized Planning: Assisting with cash flow planning; college planning; retirement planning; debt planning; and philanthropic planning. Visionary Impact Investing/Custom Impact Mandates: Curating bespoke investment opportunities to address a broad range of impact themes spanning the investable universe. Visionary impact investing allows clients to align and direct their investments to the issues they care most about supporting. Executive

Financial Advising: Financial planning is also offered as “packaged” consulting services for corporate executives. Under this arrangement, companies engage BSW to provide a suite of financial planning and consulting services to their corporate executives. The corporate executives receive strategic financial planning guidance which generally includes confirmation of the executive’s investment goals, objectives, risk profile, time horizon considerations, savings and spending targets, values and impact alignment, and goal setting. Additional planning services may include investment and retirement planning, education/college planning, debt planning, insurance review, estate planning, and tax and charitable planning. Executive Financial Advising is offered as a fixed fee service for specific consulting projections within specific time parameters. BSW’s financial planning and consulting fees are negotiable. Non-Fiduciary 401(k) Services: BSW provides non-fiduciary consulting services to 401(k) plan sponsors and participants including:
• Strategic guidance, planning and education in the form of assisting in group enrollment meetings designed to increase plan participation among employees and investment and financial understanding by employees. Also, assisting with annual education of participants regarding general investment principles and the investment alternatives under the plan.
• Coordinating annual benefits committee discussions including participating in annual plan oversight committee meetings and providing input and direction relating to the plan operation. Attending annual meeting with benefits director to answer questions.
• Values alignment to support participants, benefits director and benefit committee with the alignment of 401(k) plan with participant and organizational values.
• Providing an annual impact investment report.
• Assisting with financial education seminars on-site and/or virtual.
• Facilitating one-on-one participant meetings on-site and/or virtual. Account Restrictions: Clients may impose reasonable restrictions on investing in certain securities, types of securities or industry sectors by including such restrictions in BSW’s written investment policy guidelines. Because some types of investments involve certain additional degrees of risk, they will only be implemented or recommended when consistent with the client's stated investment objectives, tolerance for risk, liquidity, and suitability. Wrap Fee Programs: BSW does not participate in, nor is it a sponsor of, any wrap fee programs. Assets Under Management: As of December 31, 2023, BSW’s total assets under management were approximately $1,837,419,076.
• Assets managed on a discretionary basis were approximately $1,770,243,811.
• Assets managed on a non-discretionary basis were approximately $67,175,265. General Statement of Ethical Principles
• BSW will, at all times, place the interests of its clients first;
• All personal securities transactions will be conducted in such a manner as to avoid any actual or potential conflict of interest or any abuse of BSW’s position of trust and responsibility;
• BSW will not take inappropriate advantage of its position;
• BSW will uphold the fiduciary principle that information concerning the identity of security holdings and financial circumstances of clients is confidential;
• BSW will uphold the principle that independence in the investment decision-making process is paramount; and
• BSW will always act with honesty, integrity, and professionalism. ERISA/IRC Fiduciary Acknowledgment: When BSW provides investment advice to a client regarding the client’s retirement plan account or individual retirement account, it does so as a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. The way BSW makes money creates some conflicts with client interests, so BSW operates under a special rule that requires it to act in the client’s best interest and not put its interests ahead of the client’s. Under this special rule's provisions, BSW must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put its financial interests ahead of the client’s when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that BSW gives advice that is in the client’s best interest;
• Charge no more than is reasonable for BSW’s services; and
• Give the client basic information about conflicts of interest.