Syverson Strege (“Adviser”) has been registered as an investment adviser since 1997. The Adviser is
100% owned by Values Based Holding Corporation and David Strege is the majority owner of that entity.
As an Adviser, we are a fiduciary and are required to always act in a client’s best interest. What you’ll
quickly discover when you are working with Syverson Strege is we only work for you. To us that means
you should only pay for the work performed, not the investment vehicles used in your investment portfolio.
Unlike most financial firms, we don’t accept commissions because we feel it is profoundly important to
provide you with unbiased and objective investment advice based on your financial goals. We believe this
philosophy helps ensure we only work for you.
ADVISORY SERVICES
Financial Planning Services
Financial Planning services help individuals and families identify, clarify and act upon their financial and
life goals. Our four-step process integrates sound financial planning principles with some very valuable
additional offerings. After our initial discussions with you, we’ll start with a Discovery Report. This report
identifies gaps between your current and desired wealth structure and clarifies your values and personal
planning preferences. The second step of our process delivers additional benefits that may include
centralized data collection of all your important financial documents; integrated financial planning
recommendations; and portfolio analysis and design. In step three, we’ll walk you through the
implementation of our recommendations and the thinking behind these strategies. Finally, we’ll manage
the results and keep you informed. We’ll do this by providing portfolio performance reports, tracking
financial information needed for your taxes and doing ongoing planning. We will also act as your advocate
with your other Advisers.
Asset Management Services
Syverson Strege Advisers will help you clarify your investment goals and objectives and provide the
following services:
• Analysis of your current holdings
• Asset allocation study
• Provide recommendations for current and future investments based on your Investment Policy
Statement (“IPS”)
• Assist with the implementation of the recommendations and opening of new investment
account(s)
• Quarterly review of accounts and re-balance assets as needed within the portfolio.
• Provide quarterly reporting of investment accounts.
Quarterly performance reports will be provided on each portfolio account with a value of at least $50,000.
An Investment Policy Statement will be completed for each client to detail the specific financial needs, the
goals, and any restrictions on investing in certain securities or types of securities. Each client with more
than $500,000 under our management will also receive an annual Investment Review.
Asset management services for publicly traded securities utilize Schwab (See Item 12) and may be done
in an institutional mutual fund platform or, if you choose separate account management. These are billed
monthly in arrears as a percentage of assets under management.
Automated Investment Program
We offer an automated investment program (the “Program”) through which clients are invested in a range
of investment strategies we have constructed and manage, each consisting of a portfolio of exchange-
traded funds and mutual funds (“Funds”) and a cash allocation. The client’s portfolio is held in a
brokerage account opened by the client at Charles Schwab & Co., Inc. (“CS&Co”). We use the
Institutional Intelligent Portfolios® platform (“Platform”), offered by Schwab Performance Technologies
(“SPT”), a software provider to independent investment advisers and an affiliate of CS&Co., to operate
the Program. We are independent of and not owned by, affiliated with, or sponsored or supervised by
SPT, CS&Co., or their affiliates (together, “Schwab”). We, and not Schwab, are the client’s investment
adviser and primary point of contact with respect to the Program. We are solely responsible, and Schwab
is not responsible, for determining the appropriateness of the Program for the client, choosing a suitable
investment strategy and portfolio for the client’s investment needs and goals, and managing that portfolio
on an ongoing basis. We have contracted with SPT to provide us with the Platform, which consists of
technology and related trading and account management services for the Program. The Platform enables
us to make the Program available to clients online and includes a system that automates certain key parts
of our investment process (the “System”).
Based on the information the client provides to us, we will recommend a portfolio via the System. The
System also includes an automated investment engine through which we manage the client’s portfolio on
an ongoing basis through automatic rebalancing and tax-loss harvesting (if the client is eligible and
elects).
Clients do not pay brokerage commissions or any other fees to CS&Co. as part of the Program. Schwab
does receive other revenues, including (i) the profit earned by Charles Schwab Bank,
SSB, a Schwab
affiliate, on the allocation to the Schwab Intelligent Portfolios Sweep Program described in the Schwab
Intelligent Portfolios Sweep Program Disclosure Statement; (ii) investment advisory and/or administrative
service fees (or unitary fees) received by Charles Schwab Investment Management, Inc., a Schwab
affiliate, from Schwab ETFs™ Schwab Funds® and Laudus Funds® that we select to buy and hold in the
client’s brokerage account; (iii) fees received by Schwab from mutual funds in the Schwab Mutual Fund
Marketplace® (including certain Schwab Funds and Laudus Funds) in the client’s brokerage account for
services Schwab provides; and (iv) remuneration Schwab receives from the market centers where it
routes ETF trade orders for execution.
Selection and Monitoring of Third-Party Money Managers and
Sub-Advisers
Clients’ investment portfolios are managed either by our Investment Adviser Representatives or outside
portfolio managers. We select and review outside portfolio managers based on the following factors:
• past performance;
• cost;
• investment philosophy;
• market outlook;
• experience of portfolio managers and executive team;
• opinions of third-party analysts;
• disciplinary, legal and regulatory histories of the firm and its associates;
• whether established compliance procedures are in place to address at a minimum, insider
trading, conflicts of interest, anti-money laundering.
We do not calculate portfolio manager performance. Instead, we rely upon the performance figures based
on the client’s account statements or reports provided to us by the outside portfolio managers. We do,
however, watch out for several types of events in conjunction with poor performance. These events
trigger an in-depth review of an outside portfolio manager and primarily include:
• Significant changes in asset allocation;
• Substantial drift in investment style; and/or
• Sustained under-performance.
We do not verify the accuracy of such performance information or its compliance with presentation
standards. As a result, performance information may not be calculated on a uniform and consistent basis.
We can hire or delegate authority to independent third-party investment managers and sub-advisers to
manage a portion of our client's portfolio through advisory management services programs and we have
the ability to fire independent third-party managers and sub-advisers. We also use independent third-
party managers that require the client to execute a contract directly with the third-party manager and the
client would be responsible for terminating the relationship, if applicable. We do not verify the fee being
assessed by the third-party manager that the client has contracted with for services.
Types of Investments
Syverson Strege Advisers may also provide you with investment advice on:
• ETFs (exchange-traded funds)
• REITs (real estate investment trusts)
• Insurance products (including annuities, life insurance, and private placement insurance)
• Commodity funds of ETNs
• Alternative investments
• Index funds
• Index annuities
• 529 college savings plans
Note: This may not be an all-inclusive list.
General Information
Your Adviser provides all Financial Planning and Asset Management Services on a discretionary or
nondiscretionary basis. Discretion means the Adviser engages in trading activity within your account(s)
without receiving prior authorization from you for each trade. You authorize this discretion once you sign
the Agreement for Professional Services. At any time you can revoke the discretion by submitting a
written request to your Adviser. In most cases, discretion will be utilized. As of December 31, 2023, we
have $585,559,377 of discretionary assets under management and $207,924,537 of non-discretionary
assets under management for a total of $793,483,914 of assets under management. As a client, you will
always receive confirmations and statements showing all trading activity in the account(s).
Integrated Financial Planning
An Integrated Financial Plan may consist of the following components:
1. Retirement planning
2. Estate planning
3. Tax and cash flow planning
4. Investment planning
5. Risk management planning
6. Charitable planning
7. Education funding
Your Adviser provides the following as part of an Integrated Financial Planning service:
• Analysis of your current financial situation
• An asset allocation study
• Design of an integrated plan
• Coordination and integration of the recommendations with your other professional counselors
• Quarterly reporting
• Annual reviews of your current situation
Retirement Account Management (RAM)
For clients who have assets with their employer-sponsored retirement plans such as 401(k)s or 403(b)s,
we provide ongoing account management, including:
• Asset allocation and investment selection
• Monitoring of available investment options
• Execution of recommended trades
• Quarterly reports