Firm Description
U.S. Wealth Group, LLC was founded in 2006 by Robert Santarpia. Robert Santarpia has been
in the advisory business since 1994.
U.S. Wealth Group, LLC provides personalized, comprehensive financial planning and investment
management services to individuals, trusts, estates and various entities (such as corporations,
partnerships and limited liability companies) through which individuals and families hold investment
assets. These services include the ongoing monitoring and management of client accounts. U.S.
Wealth Group managed portfolios are reviewed at least quarterly, but may be reviewed more often
due to a client request, or if material information is received pertaining to the management of the
portfolio.
U.S. Wealth Group is a fee-only financial planning and investment management firm. The firm
does not sell annuities or insurance or invest in any mutual funds, stocks or bonds that pay a
commission to the firm. U.S. Wealth Group does not act as a custodian of client funds or assets,
and no finder’s fees are accepted.
Other professionals (e.g., attorneys, accountants, insurance agents) are engaged directly by U.S.
Wealth Group clients on an as-needed basis. Conflicts of interest will be disclosed to the client in
the unlikely event they should occur.
The initial meeting between a U.S. Wealth Group representative and prospective client, which may
be in person or by telephone, is free of charge and is considered an exploratory interview to
determine the extent to which financial planning and investment management may be beneficial
to the prospective client.
Principal Owners
U.S. Wealth Group, LLC, is owned Robert Santarpia, Robert Santarpia is the principal owner who
formulates investment advice and has direct contact with U.S. Wealth Group’s clients.
Types of Advisory Services
U.S. Wealth Group provides comprehensive financial planning, consulting and investment
management services.
U.S. Wealth Group may provide advice to individuals, pension and profit-sharing plans, trusts,
estates, charitable organizations, corporations and business entities.
With respect to any account for which U.S. Wealth Group meets the definition of a fiduciary under
Department of Labor rules, U.S. Wealth Group acknowledges that it is acting as fiduciary.
Additional disclosure may be found elsewhere in this Brochure or in the written agreement between
U.S. Wealth Group and Client.
Assets Under Management
As of December 29, 2023, U.S. Wealth Group managed approximately $136,491,496 in assets for
approximately 255 clients. Of this total all is managed on a discretionary basis, and $0 is managed
on a non-discretionary basis through clients’ participation in private market investments.
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Tailored Relationships
The U.S. Wealth Group advisory relationship is initiated with a consultative meeting, or series of
meetings, between Robert Santarpia, the Investment Advisor, and a prospective client to assess
the prospective client's financial situation.
The prospective client’s financial situation is analyzed at two levels. The household level is the basis
for financial planning analysis and is the most comprehensive view of the client’s needs. A
prospective client’s household may include several portfolios, each consisting of
several accounts,
being managed to a specific level of risk. For instance, the husband of a prospective client couple
may be more risk tolerant, allowing for a more aggressive portfolio for his accounts, while the wife
may be less risk tolerant, requiring a more conservative portfolio for her accounts.
Portfolios are specifically tailored to the client’s risk tolerance, time horizon and security
preferences. Portfolios consist of public market securities, and the most common vehicles are
stocks and exchange traded funds (“ETFs”). Some portfolios may utilize individual bonds,
including, but not limited to, corporate bonds, government bonds and municipal bonds. Some
portfolios may utilize stock options to reduce cost basis and reduce risk by protecting against
downside market movements or to generate income.
Restrictions and guidelines imposed by a client may affect the composition and performance of
portfolios. As a result, performance of portfolios within the same investment objective may vary
slightly. The client should not expect that the performance of his/her custom portfolio(s) will be
identical to any other individual portfolio performance.
U.S. Wealth Group presents the investment plan/portfolio design developed for the client's
individual circumstances. The fees associated with the portfolio are outlined and reviewed. Clients
are provided assistance in completing the required paperwork to establish the necessary accounts
with a third-party asset custodian. Household and portfolio design choices are reviewed with the
client in a face-to-face or telephone meeting at least once per year unless the client prefers
otherwise.
Types of Agreements
Prior to engaging U.S. Wealth Group to provide investment advisory services, the client will be
required to enter into an Investment Management Agreement (IMA) with U.S. Wealth Group. The
IMA will set forth the terms and conditions of the engagement. It will also describe the scope of
the services to be provided and the fees for such services.
A copy of this Brochure and the firm's Privacy Policy will be provided to clients prior to, or
contemporaneously with, the execution of the IMA between each client and U.S. Wealth Group,
LLC. At the same time as the IMA is executed, clients will be asked to sign an authorization that will
allow the custodian of any of his/her accounts to debit the account(s) the amount of U.S. Wealth's
advisory fee and remit the fee to U.S. Wealth Group. The authorization will remain valid until a
written revocation of the authorization is received by U.S. Wealth Group or the account custodian.
In connection with this fee deduction process, the custodian will send to the client a statement, at
least quarterly, indicating:
• all amounts dispersed from the account, and
• the amount of advisory fees paid directly to U.S. Wealth Group
Termination of Agreement
Either the client or U.S. Wealth Group may terminate the services described above, with a written
ten (10)-day notice to the other. Any charges incurred prior to termination will be charged pro rata
based upon the period covered. Termination requests may be sent to U.S. Wealth Group at the
following address: U.S. Wealth Group, 7600 Jericho Tpke., Ste 303, Woodbury, NY 11797
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