Firm Profile Samalin Investment Counsel, LLC is a registered investment adviser primarily based in Chappaqua, New York. We are organized as a limited liability company under the laws of the State of Delaware.
We have been providing investment advisory services since 2007. Andrew Samalin is our principal owner.
As used in this brochure, the words "we," "our," "firm," and "us" refer to Samalin Wealth, and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm. Also, you may see the term "Associated Person" throughout this brochure. As used in this brochure, our Associated Persons include our firm's officers, employees, and all individuals providing investment advice on behalf of our firm.
We provide our clients with a wide range of investment advisory services through our investment management programs, including financial planning, consulting, and discretionary and non- discretionary management of investment portfolios. Our integrated suite of services may be offered to clients on an all-inclusive or individual account basis. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services based on an analysis of your financial situation, personal balance sheet complexities, and individualized needs.
Financial Planning/Consulting Services We offer broad-based financial planning services to our clients which may also include second opinion services regarding investments and other non-investment related matters. Financial planning will typically involve providing a variety of advisory services to clients regarding the management of their financial resources based upon an analysis of their individual needs. In addition to traditional financial planning services, we offer financial consultations on a variety of matters, including analysis and advice on investment strategy, asset allocation, specific investment programs or products, alternative investment opportunities or other financial advisors, among others. Financial plans are based on your financial situation at the time we present the plan to you and on the financial information you provide to our firm. In providing the contracted services, we are not required to verify any information we receive from you or from your other professionals (e.g. attorney, accountant, etc.) and we are expressly authorized to rely on the information you provide. You must promptly notify our firm if your financial situation, goals, objectives, or needs change. You are under no obligation to act on our financial planning recommendations. Should you choose to act on any of our recommendations, you are not obligated to implement the financial plan through any of our other investment advisory services. Moreover, you may act on our recommendations by placing securities transactions with any brokerage firm of your choice.
Limitations of Financial Planning and Non-Investment Consulting/Implementation Services Samalin Wealth may provide financial planning and consulting services regarding non-investment related matters, such as estate planning, tax planning, insurance, etc. Samalin Wealth does not serve as a law firm or accounting firm, and no portion of its services should be construed as legal or accounting advice. Associated persons of Samalin Wealth have obtained CFP® certifications and other qualifications including CDFA®, CPA, and EA, to enhance their knowledge in areas of financial planning and investment management. However, any tax information and tax planning provided by us is not to be construed as tax advice and should be reviewed and approved by the client's tax adviser prior to implementation. To the extent requested by a client, we may recommend the services of other professionals for implementing non-investment recommendations, including attorneys, accountants, 4 insurance agents, etc. The client is under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from Samalin Wealth and/or its representatives.
Post- Divorce Wealth Management We provide post-divorce wealth management to recently divorced clients, including clients that are referred by our affiliate, Samalin Divorce Finance, LLC" Samalin Divorce", which provides divorce financial planning and professional guidance regarding the short- and long-term financial effects of divorce. Samalin Divorce typically works with a divorce client's legal counsel when providing guidance or analysis related to property settlements, tax planning, pension plans, health care coverage, executive compensation, etc. Divorce financial planning does not involve investment advice on securities or implementation of securities related transactions. Samalin Wealth shares common ownership, personnel, office space, and office equipment with Samalin Divorce. Please refer to the Other Financial Industry Activities and Affiliations section below for additional disclosures on this topic Portfolio Management Services We provide discretionary and non-discretionary portfolio management services in accordance with your individual investment objectives. If you participate in our discretionary portfolio management services, you will grant our firm discretionary authority to manage your account and to initiate investment strategies on your behalf. This authorization includes deciding which securities to buy and sell, when to buy and sell, and in what amounts, in accordance with your investment program, without obtaining your prior consent or approval for each transaction. Discretionary authority is typically granted by the investment advisory agreement you execute with our firm, a power of attorney, and/or trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing.
If you enter into a non-discretionary arrangement with our firm, we must obtain your approval prior to executing any transactions on behalf of your account held at the custodian.
In addition, we provide non-discretionary advisory services regarding: (1) variable life/annuity contracts and/or (2) individual employer-sponsored retirement plans. We may recommend a reallocation of your assets among the various separate accounts/mutual fund options in your variable life/annuity contract or retirement plan. In these instances, your assets are held by a specific insurance

company that issues the variable life/annuity contract or at the custodian designated by the sponsor of your retirement plan.
Retirement Plans and Accounts 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 (ERISA)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 DOL 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; 5
•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. Held Away Accounts We can manage and monitor your Held Away Accounts including 529 plans, retirement plans, i.e., 401(k), 403b and 457, variable annuities, etc. Our advice regarding investments and asset allocations for Held Away Accounts is limited to the available investments. We use an order management system provided by a third-party vendor to make changes to investments and allocations. To ensure that the vendor's platform provides us with the most recent holdings, current values, and current investment options, you are required to register on the vendor's platform with your login credentials that are used on the custodian's platform for the Held Away Account. You are responsible for updating login credentials so that they sync with the vendor's order management system; otherwise, we may be working with stale data and may bill fees on stale valuations. We will notify you via email when we find that the data is not updating on the vendor's platform.
Retirement Plan Consulting Services We offer consulting services to employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice regarding fund selection and investment options, education services to plan participants, investment performance monitoring, and/or ongoing consulting. These consulting services will generally be non-discretionary and advisory in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational seminars to plan participants on such topics as:
•Diversification;
•Asset allocation;
•Risk tolerance; and
•Time horizon Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of consulting services to plans on an individually negotiated basis. All services, whether discussed above or customized for the plan based upon requirements from the plan fiduciaries (which may include additional plan-level or participant-level services) shall be detailed in a written agreement and be consistent with the parameters set forth in the plan documents.
Either party to the consulting agreement may terminate the agreement upon written notice to the other party in accordance with the terms of the agreement for services. The consulting fees will be prorated for the quarter in which the termination notice is given and any unearned fees will be refunded to the client.
Wrap Fee Program Status In the past, we have offered portfolio management services through a wrap-fee program ("Program").
The Program has been closed to new clients and was offered as a courtesy to clients with legacy wrap fee accounts. Effective June 1st, 2017, we began to phase-out the Program based on a client's individual circumstances and our business plans. Clients may be removed from the Program without further notice. 6 The services offered and the terms and conditions pertaining to the Program are discussed in a separate Program brochure, i.e., Samalin Wealth Wrap Brochure ("Wrap Brochure"). Under the Program, we offered participants discretionary investment management services for a single specified annual Program fee inclusive of trade execution, custody, reporting, and investment management fees.
The Brochure is incorporated into this Form ADV Part 2A disclosure brochure by reference. All Program participants should read this disclosure brochure and the Wrap Brochure.
As indicated in the Wrap Brochure, the overall cost of participation in the Program may be more or less than purchasing such services separately. In addition, the Program fee may be higher or lower than fees charged by other sponsors of comparable wrap fee programs. Types of Investments We primarily offer advice on equity securities, corporate and municipal debt securities, exchange traded funds, closed-end funds, loan participations, real estate investment trusts, and options in accordance with your investment objectives. We may recommend index mutual funds, generally made available through Dimensional Fund Advisors, and variable annuities available through Fidelity Investments. Our recommendations take into consideration your investment restrictions, objectives and risk tolerance. In addition, we may provide advice regarding investments transferred at the inception of your account and your advisory relationship with us, as well as any other investments at your request. We may recommend that clients that are "accredited investors" as defined under Rule 501 of the Securities Act of 1933, as amended, invest in private placement securities, which may include debt, equity, and/or pooled investment vehicles when consistent with the client's investment objectives.
When we recommend such investments, we do not receive any additional compensation beyond the receipt of our applicable investment advisory fees on the client's assets under our management. You may request that we refrain from investing in particular securities or certain types of securities.
You must provide these restrictions to our firm in writing.
Assets under Management As of December 31, 2023, we manage $326,973,398 in client assets on a discretionary basis, and $37,550,350 in client assets on a non-discretionary basis.