Creveling & Creveling Private Wealth Advisory (Creveling & Creveling) was organized as a Thai limited company under
the legal name of Creveling & Creveling Financial Planning Limited in 2006. Chad and Peggy Creveling own 99.99% of
the company’s shares. Creveling & Creveling Private Wealth Advisory is the trading name used by the Thai limited
company.
Since 2006, Creveling & Creveling has been a Registered Investment Adviser under the regulation of the United States
Securities and Exchange Commission. The firm also holds an Investment Adviser license from the Ministry of Finance,
Thailand, and is regulated by the Office of the Securities and Exchange Commission, Thailand.
Creveling & Creveling provides fee-only financial planning and investment advisory services primarily to individual
expatriate residents of Thailand. Advisory Services are typically provided to clients as an ongoing service and may include
advice on various financial planning and investment issues to include, but not limited to, advice on: cash flow and
budgeting, debt management, currency management, risk management, college funding, long-term goal funding,
pre-retirement and retirement planning, executive compensation, stock options and RSUs, and investment portfolio
construction. In some instances, advice may be provided as a limited engagement at the sole discretion of the advisor.
All clients are required to sign a service agreement outlining the terms and conditions of the engagement, rights of
termination, scope of the services to be provided, and how the client will be charged and billed for services provided.
We will also provide a copy of this Brochure (Form ADV Part 2) to each client prior to the execution of all client agreements.
Any client who has not received a copy of our written Brochure at least 48 hours prior to executing the client agreement has
five business days subsequent to executing the service agreement to terminate our services without penalty.
Wealth Advisory Services
Ongoing advice is provided under the Wealth Advisory Service, which integrates financial planning and investment advice.
The Wealth Advisory Service typically makes sense for clients with modified net worth in excess of USD 750,000, or who
can save considerably from income. Services include:
1. A review of the client’s existing financial situation and identification of financial objectives
2. Development of an initial financial plan/financial planning strategies
3. Development of an investment portfolio
4. Support implementing financial planning recommendations
5. Quarterly portfolio reviews with recommendations as required
6. Aggregated Quarterly Performance Reporting on accounts identified in the Wealth Advisory Services Agreement-
Appendix A or other account tracking document
7. Ongoing financial planning support throughout the year (a reasonable amount based on the fees the client
is paying)
8. An update of the client’s initial financial plan as required
9. Meetings in person, by phone, or email as required throughout the year to include one annual review meeting
Retirement Rollovers-No Obligation/Conflict of Interest: A client leaving a U.S. employer typically has four options
(and may engage in a combination of these options): 1) leave the money in his former employer’s plan, if permitted, 2) roll
over the assets to his/her new employer’s plan, if one is available and rollovers are permitted, 3) rollover to an Individual
Retirement Account (IRA), or 4) cash out the account value (which could, depending upon the client’s age, result in
adverse tax consequences).
Creveling & Creveling may recommend an investor roll over plan assets to an IRA, if Creveling & Creveling assesses that
it is in the client’s
best interest to do so. However, a recommendation that a client move their plan assets will not result in
additional compensation as Creveling & Creveling has no economic incentive to encourage an investor to roll plan assets
into an IRA.
There are various factors that Creveling & Creveling may consider before recommending a rollover, including but not
limited to: i) the investment options available in the plan versus the investment options available in an IRA, ii) fees and
expenses in the plan versus the fees and expenses in an IRA, iii) the ability to aggregate plan assets with other
investments to provide holistic advice, iv) required minimum distributions and age considerations, and v) employer stock
tax consequences, if any. No client is obligated to roll over plan assets to an IRA.
When we provide investment advice to you regarding your retirement plan account or individual retirement account, we
are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue
Code, as applicable, which are laws governing retirement accounts. We operate under a special rule that requires us to
act in your best interest and not put our interests ahead of yours.
Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Implementation
The client is under no obligation to implement any part of the advice provided under limited financial planning
engagements or the Wealth Advisory Services. The client chooses both what advice if any to implement and the timing of
the implementation. Under the Wealth Advisory Services, we provide periodic portfolio advice on a non-discretionary
basis. Clients make the final decision to implement investment recommendations to include determining the timing and the
execution of portfolio trades. As of December 31, 2023, Creveling & Creveling had no assets under management on a
discretionary or continuous and regular basis.
We do not engage in the practice of law and do not offer accounting or legal advice in the provision of any advisory
services. We may, with the client’s consent, work with their other advisors (accountants, attorney, or insurance agents) to
help with the coordination and implementation of the agreed upon strategies. Clients should be aware that their other
advisors will bill them separately for their services and that these fees will be in addition to our fees.
In performing our services, we are not required to verify any information received from the client or from the client’s other
professionals. Moreover, we advise each client that it remains their responsibility to promptly notify us if there is ever any
change in their financial situation or investment objectives during the engagement.
As a matter of policy and practice, we do not sponsor any wrap fee programs. A wrap fee program is defined as any
advisory-based program at a broker-dealer under which the client is charged a fee for supervisory services over the client
account rather than the account being charged on the basis of transactions incurred. Supervisory services may include
portfolio management, advice concerning the selection of investment advisers, and the execution of client transactions.