PCA Investment Advisory Services Inc. is a SEC-registered investment adviser with its
principal place of business located in Ohio. PCA Investment Advisory Services Inc.
began conducting business in 2001.
Listed below are the firm's principal shareholders (i.e., those individuals and/or entities
controlling 10% or more of our company).
- Thomas Edward Seitz, CEO
- James Robert Eckerle Jr., President
- Zachary M. Burns, Executive Vice President – Investments
- Justin Edward Seitz, Vice President
- Mark A. Janszen, Vice President – Wealth Management
Seth R. Priestle, Vice President is also a shareholder, controlling 5% or more of the
company.
PCA Investment Advisory Services Inc. offers the advisory services below, separately or
in combination, to our clients. While the primary clients for our services will be pension,
profit sharing and 401(k) plans, we also offer them, where appropriate, to individuals
and trusts, estates and charitable organizations.
PENSION CONSULTING SERVICES
Pension Consulting Services are comprised of four distinct services. Clients may
choose to use any or all of these services.
Investment Policy Statement Preparation (hereinafter referred to as ''IPS''):
We will meet with the client (in person or over the telephone) to determine an
appropriate investment strategy that reflects the plan sponsor's stated investment
objectives for management of the overall plan. Our firm then prepares a written IPS
detailing those needs and goals, including an encompassing policy under which these
goals are to be achieved. The IPS also lists the criteria for selection of investment
vehicles as well as the procedures and timing interval for monitoring of investment
performance.
Selection of Investment Vehicles:
We assist plan sponsors in constructing appropriate asset allocation models. We will
then review various mutual funds (both index and managed) to determine which
investments are appropriate to implement the client's IPS. The number of investments
to be recommended will be determined by the client, based on the IPS.
Monitoring of Investment Performance:
We monitor client investments based on the procedures and timing intervals delineated
in the Investment Policy Statement. Although our firm does not purchase or sell these
investments, we supervise the client's portfolio and will make recommendations to the
client as market factors and the client's needs dictate.
Employee Communications:
For pension, profit sharing and 401(k) plan clients with individual plan participants
exercising control over assets in their own account (''self-directed plans''), we also
provide educational support and investment workshops designed for the plan
participants when the plan sponsor engages our firm to provide these services. The
nature of the topics to be covered will be determined by us and the client under the
guidelines established in ERISA Section 404(c). The educational support and
investment workshops will NOT provide plan participants with individualized, tailored
investment advice or individualized, tailored asset allocation recommendations.
ERISA SECTION 3(38) INVESTMENT MANAGEMENT SERVICES
With our standard pension consulting services outlined above we act as an ERISA
Section 3(21) consultant. Under that section, we make recommendations to our plan-
sponsoring clients, but the clients are ultimately responsible for accepting or rejecting
our advice and making all final decisions. We also offer our pension consulting services
under ERISA Section 3(38) consultant. Under Section 3(38), the consultant assumes
full discretionary authority for designing the IPS and selecting and implementing the
menu of investment options made available to plan participants. The plan-sponsor client
is no longer legally responsible for making these decisions, and the consultant
accordingly assumes a higher level of fiduciary responsibility and exposure to potential
legal liability. Even when acting as a Section 3(38) consultant, however, we do not
assume responsibility from plan participants for allocating their plan accounts among
the various investment options we have made available in the plan.
INDIVIDUAL INVESTMENT ADVISORY SERVICES
We will meet with the client (in person or over the telephone) to determine an
appropriate investment strategy that reflects the client's stated investment objectives for
management of the account. We will assist in constructing an appropriate asset
allocation for the client’s account. We then review various mutual funds (both index and
managed) and Exchange Traded Funds (ETF’s) to determine which investments are
most appropriate for utilization within the asset allocation. The number of investments to
be recommended will be determined by the client, based on the stated investment
objectives.
We monitor client investments continually, based on the procedures and timing intervals
mutually agreed upon at the onset of the relationship. Clients will receive quarterly
reports detailing the performance and activity within the account. For non-discretionary
accounts, upon receiving authorization from the client we will work with the custodian to
implement the strategy. We continue to supervise the client's portfolio and will make
recommendations to the client as market factors and the client's needs dictate.
Retirement Rollovers Conflict of Interest: 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. The way we make money creates some conflicts with your interests, so we
operate under a special rule that requires us to act in your best interest and not put our
interest 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.
FINANCIAL PLANNING SERVICES
We provide financial planning services. Financial planning is a comprehensive
evaluation of a client’s current and future financial state by using currently known
variables to predict future cash flows, asset values and withdrawal plans. Through the
financial planning process, all questions, information and analysis are considered as
they impact and are impacted by the entire financial
and life situation of the client.
Clients purchasing this service receive a written report which provides the client with a
detailed financial plan designed to assist the client achieve his or her financial goals
and objectives.
Financial plans and financial planning may include, but are not limited to: investment
planning; life insurance; tax concerns; retirement planning; education planning; and
debt/credit planning.
We gather required information through in-depth personal interviews. Information
gathered includes the client's current financial status, tax status, future goals, returns
objectives and attitudes towards risk. We carefully review documents supplied by the
client, including a questionnaire completed by the client, and prepare a written report.
Should the client choose to implement the recommendations contained in the plan, we
suggest the client work closely with his/her attorney, accountant, insurance agent,
and/or stockbroker. Implementation of financial plan recommendations is entirely at the
client's discretion.
PCA MANAGED ACCOUNT SERVICES
We offer a Managed Account Service for 401(k) plan participants that wish to have
their accounts actively managed by our team of investment professionals. Participants
looking to utilize this service will select from a list of portfolios, based on the level of
risk they are willing to assume. PCA Investment Advisory Services Inc. will have sole
discretionary authority to manage the investment options, asset allocation, and
rebalancing strategies for that portfolio. We do not guarantee the future performance
of the portfolios or any specific level of performance, the success of any investment
decision or strategy that we may use, or the success of our overall management of the
portfolios. When offered in a plan, participants may opt in to or cancel this service at
any time.
GROUPIRA® ADVISORY SERVICES
PCA Investment Advisory Services Inc. has an agreement with GROUPIRA, Inc. to
provide investment advisory services to GROUPIRA® members. We assume full
discretionary authority for selecting and implementing the menu of investment options
made available to GROUPIRA® members. In addition, members have the ability to
select one of the PCA Asset Allocation Strategies that we have developed. We will
manage the investments options, asset allocation, and rebalancing for these strategies
based on a target level of risk the individual is willing to assume. We encourage
GROUPIRA® members seeking guidance to provide us with information about their
financial situation, investment objectives and risk tolerance so that we can properly
advise them. This information is obtained through meetings, questionnaires, or other
methods designed to obtain the relevant information. An Investment Committee
comprised of PCA Investment Advisory Services, Inc. representatives will continuously
monitor the fund menu and asset allocation strategies. We will use the Methods of
Analysis, Investment Strategies and Risk of Loss discussed in Item 8 and periodically
make changes to the menu and/or allocations as we see fit subject to any express
special instructions or limits provided in writing by the client. Accounts utilizing our
recommended allocations will also be rebalanced periodically.
PCA MANAGED PORTFOLIO SOLUTIONS
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 (“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 advisors 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 advisor and primary point of contact with respect to
the Program. 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”). The System includes an online questionnaire that can help determine the
client’s investment objectives and risk tolerance and select an appropriate investment
strategy and portfolio. Clients should note that the System will recommend a portfolio in
response to the client’s answers to the online questionnaire. 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).
We charge clients a fee for our services as described below under Item 5 Fees and
Compensation. Our fees are not set or supervised by Schwab. 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, 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
ETFsTM Schwab Funds® and Laudus Funds® that we select to buy and hold in the
client’s brokerage account; (iii) fees received by Schwab from third-party ETFs that
participate in the Schwab ETF OneSourceTM program and 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
may receive from the market centers where it routes ETF trade orders for execution. We
do not pay SPT fees for the Platform so long as we maintain $100 million in client
assets in accounts at CS&Co. that are not enrolled in the Program. If we do not meet
this condition, then we pay SPT an annual licensing fee of 0.10% (10 basis points) on
the value of our clients’ assets in the Program. This fee arrangement gives us an
incentive to recommend or require that our clients with accounts not enrolled in the
Program be maintained with CS&Co.
AMOUNT OF MANAGED ASSETS
We have $1,436,921,518 of clients’ assets under management on a non-discretionary
basis and $1,457,002,709 on a discretionary basis as of 12/31/2023.