The Watchman Group, Inc. (hereafter known as TWG) is an independent, fee only, SEC Registered
Investment Advisor. The firm was founded and incorporated in the state of Texas in 2004.
TWG is an investment adviser providing wealth management, financial planning, consulting, and
investment management services to individuals, pension and profit-sharing plans, trusts, estates,
charitable organizations, corporations and business entities. TWG, depending upon the engagement,
offers its services on a fee-only basis which may include hourly and/or fixed fees as well as fees based
upon assets under management.
Our goal as a firm is to build a continued working relationship with our clients. We offer a free one-hour
meeting with potential clients. Prior to the meeting we request that the potential client complete a
financial profile questionnaire. This information will help us to better understand the client’s goals and
risk profile. From that point we can discuss if our services are appropriate for the client.
Wealth Management.
TWG serves as a fiduciary and provides fee-only wealth management services, which includes the
management of investment portfolios and a range of financial planning services. We specialize in the
design and management of custom portfolios that are uniquely suited to each person’s needs, objectives
and risk parameters. TWG manages portfolios on a discretionary basis based on a strategy and asset
allocation agreed upon between the client and TWG. TWG may prepare an Investment Policy Statement
that establishes the strategy and parameters by which the portfolios will be managed. The investment
process is transparent so that our clients always know where their portfolio stands.
Retirement Plan Accounts – When deemed to be in the Client’s best interest, the Advisor will recommend
that a Client rollover its retirement plan account into an account managed by the Advisor. In such instances,
the Advisor will serve as an investment fiduciary as that term is defined under The Employee Retirement
Income Security Act of 1974 (“ERISA”). Such a recommendation creates a conflict of interest if the
Advisor will earn a new (or increase its current) advisory fee as a result of the rollover. No client is under
any obligation to roll over retirement plan assets to an account managed by the Advisor.
Financial Planning and Consulting
TWG may offer financial planning services to clients. Such advice will typically be limited in scope and
principally advisory in nature. To the extent requested by the client, financial planning advice may be
rendered in the areas of retirement planning, tax planning, estate planning, education planning, charitable
giving and risk management. This service is offered on a fee-only basis which may include hourly and/or
fixed fees.
The client is under no obligation to act upon any of the recommendations made by TWG under a financial
planning / consulting engagement and/or engage the services of any such recommended professional,
including TWG itself. The client retains absolute discretion over all such implementation decisions and is
free to accept or reject any of TWG's recommendations. Moreover, each client is advised that it remains
his/her/its responsibility to promptly notify TWG if there is ever any change in his/her/its financial
situation or investment objectives for the purpose of reviewing, evaluating, or revising TWG's previous
recommendations and/or services.
Prior to engaging TWG to provide any of the foregoing investment advisory services, the client will be
required to enter into one or more written agreements with TWG setting forth the terms and conditions
under which TWG shall render its services (collectively the "Agreement"). TWG may also provide advice
about other types of investments held in a client's portfolio at the beginning of the advisory relationship.
Client Obligations
In performing its services, TWG shall not be required to verify any information received from the client or
from the client's other professionals (i.e., attorney, accountant, etc.) and is expressly authorized to rely on
such information. TWG may recommend the services of itself and/or other professionals to implement its
recommendations. Moreover, each client is advised that it remains his/her/its responsibility to
promptly notify TWG if there is ever any change in his/her/its financial situation or investment objectives
for the purpose of reviewing, evaluating, or revising TWG's previous recommendations and/or services.
Non-Participation in Wrap Fee Programs
TWG as a matter of policy and practice does not participate in any wrap fee programs. A wrap fee
program is defined as any advisory program under which a specified fee or fees not based directly upon
transactions in a client’s account is charged for investment supervisory services (which may include
management or advice concerning the selection of other investment advisers) and the execution of client
transactions.
Amount of Assets Under Management
As of December 31, 2023, TWG had $ 533,081,617.00 in assets under management on a discretionary
basis. These assets were held at the following custodian: Charles Schwab & Co., Inc. Advisor Services, and
annuities under advisement with other custodians. TWG also had $ 7,404,923.00 with 16 clients in assets
under advisement.