Luther Forest Wealth Advisors, LLC (LFWA) is a wealth advisory firm that provides objective
financial advice. Luther Forest Wealth Advisors, LLC was formed in 2007 from the Wealth
Management division of the predecessor of Kumlander, Donofrio, Hay & Pehl CPAs, LLP. The
firm’s principal owner is Timothy W. Pehl, CPA, CFP®. Tim has been advising clients on
financial matters since 1997.
Our firm provides investment consulting and money management. We work with you to
formulate long-term personal financial plans, cash flow planning and asset and debt restructuring.
Our investment approach is to create well diversified portfolios through the use of mutual funds,
exchange traded funds, individual stocks and bonds.
We tailor our advisory services to your individual needs by assessing your goals and investment
objectives, risk tolerance, and any account limitations (i.e. need for cash withdrawals). We then
recommend the appropriate allocation and investment mix based on our assessment. You may
impose restrictions on investing in certain securities or types of securities. We provide an
opportunity for clients to impose restrictions in our Portfolio Management Agreement.
To the extent requested by a client, we may provide financial planning and/or consulting services
(including investment and non-investment related matters, e.g. estate planning, insurance
planning, etc.) on a stand-alone separate fee basis. Prior to engaging our firm to provide these
services, clients are generally required to enter into a Financial Planning Agreement. We will set
forth the terms and conditions of the engagement (including termination), describing the scope of
the services to be provided, and the portion of the fee required prior to us commencing services.
If requested by the client, we may recommend other professionals (e.g. attorneys, insurance
agents). The client is under no obligation to engage the services of any recommended
professional. The client retains complete discretion over all such decisions and is free to accept
or reject any recommendation from us. Please note: If the client engages any such recommended
professional, and a dispute arises thereafter relative to the engagement, the client agrees to seek a
remedy exclusively from and against the engaged professional. Please Also Note: It remains the
client’s responsibility to promptly notify our Firm should there be any change in their financial
situation or investment objectives for the purpose of reviewing, evaluating or revising our
previous recommendations.
Cash Positions: At any specific point in time, depending upon perceived or anticipated market
conditions or events (there being no guarantee that such anticipated market conditions or events
will occur), we may maintain cash positions for defensive purposes. All cash positions (money
markets, etc.) shall be included as part of assets under management for purposes of calculating
our advisory fee.
Retirement Plan Rollovers: A client leaving an employer typically has four options (and may
engage in a combination of these options): i) leave the money in his/her former employer’s plan,
if permitted, ii) rollover the assets to his/her new employer’s plan, if one is available and rollovers
are permitted, iii) rollover to an Individual Retirement Account (IRA), or iv) cash out the account
value (which could result in adverse tax consequences). We may recommend that you rollover
your plan assets to an IRA that we manage. As a result, we and our representatives may earn an
asset-based fee. In contrast, a recommendation that you leave your plan assets with your old
employer or rollover to your new employer sponsored plan will generally result in no
compensation to us (unless you engage us to monitor and/or manage the account maintained at
Rev. February 2024 Luther Forest Wealth Advisors Brochure 5
your employer). We have an economic incentive to encourage clients to roll plan assets into an
IRA that we will manage or to engage us to monitor and/or manage while maintained at their
employer. There are various factors that we 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 fees and expenses in an IRA,
iii) the services and responsiveness of the plan’s investment professionals versus ours, iv)
protection of assets from creditors and legal judgments, v) required minimum distributions and
age considerations, and vi) employer stock tax consequences, if any. No client is under any
obligation to rollover plan assets to an IRA managed by us or to engage us to monitor and/or
manage the account while maintained at their employer.
We do not participate in wrap-fee programs.
We manage client assets on a discretionary authority; approximately $72.1 million as of
12/31/2023. (Discretionary authority – you have given us the authority to decide which securities
to buy and sell for you).