MEDIQUS Asset Advisors, Inc. (MEDIQUS) has been in business since January 1, 1996. Our
owner is Ronald J. Paprocki, JD, CFP® (President & Chief Executive Officer). We provide
investment advisory services, financial planning services, educational services, and ERISA plan
advisory services. All clients receive a written agreement and explanation of the services we
provide to them. We make our recommendations after a review of information provided to us
by our client.
Investment Advisory Services
Our investment advisory services are provided to individuals, business entities, retirement plans
and not-for-profit organizations. We will:
1. Assist you in the preparation of an investment policy statement based on your
investment objectives and priorities.
2. Develop investment guidelines regarding the investment categories we think are
appropriate for you.
3. Recommend specific investments for you.
4. Coordinate the implementation of your investment decisions.
5. Monitor results and report to you on a regular basis, usually each calendar quarter.
Our investment advisory services are tailored to the individual needs of clients. We base our
recommendations on information you provide us. You are not obligated to follow any of our
recommendations. You can impose restrictions on the investment of certain securities or types
of securities. Your assets are usually invested in mutual funds, exchange traded funds (ETFs) or
cash investments like money markets or certificates of deposit. Assets can also be invested in
common stocks or bonds. All assets are held in accounts by an independent custodian, such as
Charles Schwab & Co., Inc. (Schwab), and Charles Schwab Bank (Schwab Bank). We refer to
these companies as “our approved custodian firms”. Please reference “Brokerage Practices” for
more information regarding the custodian firm we use.
Each quarter we usually provide a written report including information regarding account
investment performance over various time periods, account additions or withdrawals, how
investments in your account are valued and categorized, and amounts invested in each
required investment category.
As of December 31, 2023, the total value of client assets in our advisory service was
$1,252,890,735. Of this total approximately $1,136,949,171 is managed on a discretionary basis
and we do not have discretion on $115,941,564 of client assets. Our investment advisory
activities are supervised to the extent required by Ausdal Financial Partners, Inc., the broker-
dealer firm which some financial counselors of MEDIQUS are registered.
Financial Planning Services/Wealth Management
Our financial planning services are provided to individuals and are designed to assist them
manage the accumulation and preservation of their wealth. This service focuses on financial
issues such as your ability to: retire; educate children or grandchildren, provide for you and
your family in the event of a disability or death; protect your assets from a legal judgment
entered against you; plan for the transfer of assets to your heirs. Through this service we:
1. Educate you and us. We learn about the facts of your financial situation and the goals
you would like to achieve. You learn about the potential hazards preventing you from
accomplishing your goals.
2. Advise you on alternative strategies to best accomplish your goals.
3. Implement the strategies you select.
You can select a complete financial analysis or an analysis of a specific financial area. We
encourage you to use this service with the services provided by your other advisors, such as
attorneys, CPAs, insurance brokers or investment brokers. We do not provide legal or tax
advice.
In performing these services, we are not required to verify any information received from you
or your other professionals (e.g., attorneys, accountants, etc.,) and we are expressly authorized
to rely on such information. We recommend certain clients engage us for additional related
services, our Supervised Persons in their individual capacities as insurance agents or registered
representatives of a broker-dealer and/or other professionals to implement our
recommendations. You are advised that a conflict of interest exists for us to recommend that
you engage us or our affiliates to provide (or continue to provide) additional services for
compensation, including investment management services. You retain absolute discretion over
all decisions regarding implementation and are under no obligation to act upon any of the
recommendations made by us under a financial planning or consulting engagement. You are
advised that it remains your responsibility to promptly notify us of any change in your financial
situation or investment objectives for the purpose of reviewing, evaluating or revising the
financial planning recommendations and/or services.
Institutional Services
Our services for not-for-profit organizations consist of advising them regarding the appropriate
investment policies and procedures relating to the management of available funds and the
spending needs of the organization. Communication with the organization’s management,
officers and board of directors is an important aspect of these services.
Educational Services
Our educational services consist of educational seminars that are usually presented to
members (and their families) of medical societies/associations. These seminars typically
address money management, estate planning, asset allocation, and retirement planning.
ERISA Retirement Plan Services
MEDIQUS provides investment advice to sponsors of ERISA retirement plans, as well as
education and enrollment services to eligible participants of the plans. At the plan level, we
assist the responsible plan fiduciary in analysis, selection, and monitoring of custodians,
recordkeepers and investment options made available to plan participants. We can also
recommend appropriate Model Portfolios and assist the responsible plan fiduciary in the
selection of a product sponsor’s program or third-party administrators.
MEDIQUS is deemed to be a fiduciary to advisory clients that are employee benefit plans or
individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and
Securities Act ("ERISA"), and regulations under the Internal Revenue Code of 1986 (the "Code"),
respectively. As such, our firm is subject to specific duties and obligations under ERISA and the
Internal Revenue Code that include among other things, restrictions concerning certain forms
of compensation. To avoid engaging in prohibited transactions, MEDIQUS can only charge fees
for investment advice about products for which our firm and/or our related persons do not
receive any commissions or 12b-1 fees.