Mosaic was established in 2000. Derrick Allen and Timothy DeBruyne are majority owners
and head the Advisory Practice. They are joined by founding partner, Jane-Ellen Wolak, a tax
partner, and a professional staff with Financial and Accountancy experience that include CPA,
and CFP®.
We provide the following portfolio management services to clients:
•Investment Advisory on both a discretionary and non-discretionary basis
•Portfolio Monitoring
We also provide the following services:
•Estate and Financial Planning
•Tax preparation
•Consulting
•Bookkeeping
Investment Advisory Services
Mosaic believes that asset allocation is the primary driver of investment returns and risk. At the
start of a new client relationship Mosaic will review the current investment portfolio and
historical investment strategy. We will learn about our client's financial circumstances,
investment objectives, and any special instructions, restrictions or limits that they may wish
Mosaic to follow. Any restrictions communicated to Mosaic will be memorialized and adhered
to. During the initial stages and on a regular basis thereafter Mosaic will engage their clients on
discussions of risk, reward and the importance of balance in portfolio design. This dialogue
attempts to define their investment views, risk tolerance, liquidity needs and long-term
objectives. The results of these discussions lead to a target asset allocation that is consistent with
their investment objectives. This target allocation may be modified as circumstances change.
The selection and execution of the asset allocation may be handled under two types of
investment advisory relationships: Discretionary-- which allows Mosaic to make all investment
decisions without the prior consent of the client and Non-Discretionary --which requires
approval of all investment decisions prior to execution. Our clients at the outset of their
affiliation with Mosaic will determine what relationship they desire. This may be modified at
any time by the client.
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Discretionary Services
Under our discretionary services, after a thorough discussion the clients will select asset
allocation targets that they deem appropriate with the risk and reward trade-offs and their
investment horizon. This asset allocation strategy will then be executed by utilizing Separately
Managed Accounts (SMA); herein defined as a third-party money manager, and/ or by Mosaic
selecting various investment vehicles as described below. The division of assets between SMAs
and other investment vehicles is determined by our judgment as to how best address the asset
allocation targets.
When an SMA is used as described below the manager of the SMA will have discretion to
manage the funds and invest based on their specific strategy. Mosaic (directly or through its
authorized agent which currently is Greenrock Research, Inc. or (Greenrock)) will monitor the
organization, investment philosophy and performance of each SMA. As a result, Mosaic may
select additional or different SMAs as part of their ongoing discretionary services.
When investing the non-SMA portfolio, Mosaic may select from a broad range of securities to
execute the asset allocation. The portfolio may have exposure to domestic equities, foreign
developed country equities, emerging country equities, domestic fixed income, developed
country fixed income, emerging country fixed income, domestic and foreign real estate and
alternative investments. Alternative investments include risk parity strategies, long-short equity,
long-short fixed income, futures, currencies, commodities, natural resources, master limited
partnerships, global macro strategies and other non-traditional investments. These investments
may be a mix of open and closed end mutual funds, exchange traded funds, individual securities
and master limited partnerships. Both active and passive management may be utilized.
Non-Discretionary Services
Under our non-discretionary services, we design various asset allocation strategies that are
consistent with our clients' goals. After a thorough discussion an acceptable asset allocation will
be selected by our client. We will then provide our recommended mutual funds, exchange traded
funds or SMAs by asset class. The investment vehicles we recommend are selected based on any
or all of the following criteria:
•Manager style, philosophy, and consistency of track record
•Performance in down markets vs up markets (downside protection analysis)
•Risk and volatility as defined by standard deviation
•Historical performance
•Assets under management / Manager tenure
•Management fee structure
o No-load / Load-waived mutual funds
o Transaction fee / Asset-based pricing
Once investment vehicles are approved by the client, we allocate the portfolio based upon the
strategic asset allocation. The process is the same for the reinvestment and/or repositioning of
assets within an account thereafter.
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Mosaic's total assets under management as of December 31, 2023 were $945,033,715. We
provide non-discretionary investment service on $531,534,926 of assets and discretionary
investment service on $413,498,789 of assets.
Mosaic does not participate in or receive
compensation from wrap fee programs.
Portfolio Monitoring Services
Portfolio monitoring services are available to clients who receive portfolio management services
from an unrelated third party, or who manage their own portfolios. Mosaic will generate a
performance monitoring report. The report may compare the investments against appropriate
industry benchmarks. This service is designed as a tool to assist clients in evaluating their
portfolios. We do not directly provide advice on any specific securities or managers as part of
this service. Portfolio Monitoring Service services are not offered in conjunction with the
Investment Advisory Services described below.
Mosaic provides monitoring services on $200,133,654 of assets.
Estate and Financial Planning Services
Estate and Financial Planning services are provided as an on-going or one-time service. Estate
planning services are tailored for the client’s needs. They may include a comprehensive analysis
of the current plan and our recommendations of how to minimize their future estate tax liability.
Alternatively, these services may be limited in scope, and customized to our clients’ needs. We
do not draft legal documents.
Financial planning services may include a comprehensive financial plan. The plan may include a
detailed analysis of the client’s resources, financial goals, and objectives. In general, the
financial plan may address any or all the following areas:
•Personal: Family records, budgeting, personal liability, debt management, and review of
financial goals and objectives
•Tax & Cash Flow: Income tax and cash flow analysis and planning for current and future
years. We will illustrate the impact of various cash flow strategies on a client’s current
income tax and future tax liability.
•Death & Disability: Cash needs at death, income needs of surviving dependents, estate
planning and disability income analysis
•Retirement: Analysis of current and future resources and retirement objectives to help
the client achieve their retirement goals.
•Investments: Analysis of investment alternatives and their effect on a client’s portfolio
•Estate: Planning for an orderly distribution of assets at death, minimizing taxes and
consideration of client objectives.
We gather the required information through in-depth personal interviews. Information gathered
includes the following:
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•Current financial status
•Future goals
•Attitudes toward risk
Related documents supplied by the client are carefully reviewed. The client may be provided a
detailed questionnaire to assist with this process. Should a client choose to implement the
recommendations contained in the financial plan report, we recommend that the client work
closely with their attorney, accountant, insurance agent, and/or investment advisor.
Implementation of the financial plan recommendations is entirely at the client’s discretion.
We will typically present the plan to the client within 90 days of the contract date, provided that
all of the information needed to prepare the plan has been promptly provided by the client.
Ongoing financial planning engagements are also available. If selected, following completion of
the initial comprehensive financial plan, we will assist in the implementation of the plan. We
continually monitor changes to the client’s financial circumstances and update the financial plan
accordingly. In addition to the financial planning areas listed above, we will also consult with
clients regarding life decisions. These include, but are not limited to:
•Charitable giving
•Second home purchases
•Gifting strategies
We would be a ready resource for the client on all financial decisions to assist the client in
managing their wealth.
Tax Preparation Services
We prepare income tax returns for the following types of clients:
•Corporations
•Individuals
•Partnerships
•Trusts
We also prepare gift and estate tax returns.
Consulting Services
Consulting is offered to clients who wish to receive advice on a project-specific basis. These
project-specific engagements may be investment related or not. Some common topics include:
•Investments
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•Estate planning
•Insurance planning
•Annuity analysis
•Tax advisory services
•Strategic planning for businesses
•Employee benefits analysis
•Roth conversion analysis
All of our services are tailored to meet the individual needs of each client. Each of our client’s
needs, goals, and objectives are unique. As such, we service each relationship individually.
Certain clients may be restricted from investing in certain securities or are limited in the
securities available. For example, a client may be limited by the choices offered through their
company’s 401(k) Plan. We understand these restrictions and modify our recommendations
accordingly.
Bookkeeping Services
Bookkeeping and compilation services are provided to both individual and
corporation/partnership clients to assist them in the preparation of their personal financial
statements.