Freeman, Will & Niemeier, Inc. is a SEC-registered investment adviser with its principal place of business
located in Indiana. Freeman, Will & Niemeier, Inc. began conducting business in 1971.
Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 25%
or more of this company).
• Patrick Evan Freeman, Vice-President
Freeman, Will & Niemeier, Inc. offers the following advisory services to our clients:
INDIVIDUAL PORTFOLIO MANAGEMENT
Our firm provides non-continuous asset management of client funds based on the individual needs of the
client. Through personal discussions in which goals and objectives based on the client's particular
circumstances are established, we develop the client's personal investment policy. We create and
manage a portfolio based on that policy. During our data-gathering process, we determine the client’s
individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we may also
review and discuss a client’s prior investment history, as well as family composition and background.
We manage these advisory accounts on a non-discretionary basis. Account supervision is guided by the
client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as
well as tax considerations.
Clients may impose reasonable restrictions on investing in certain securities, types of securities, or
industry sectors.
Once the client's portfolio has been established, we review the portfolio quarterly, and if necessary,
rebalance the portfolio on an annual basis, based on the client's individual needs.
Our investment recommendations are not limited to any specific product or service offered by a broker-
dealer or insurance company and will generally include advice regarding the following securities:
Exchange-listed securities
Securities traded over-the-counter
Foreign issuers
Corporate debt securities (other than commercial paper)
Commercial paper
Certificates of deposit
Municipal securities
Mutual fund shares
United States Government securities
Because some types of investments involve certain additional degrees of risk, they will only be
recommended when consistent with the client's stated investment objectives, tolerance for risk,
liquidity and suitability.
PENSION CONSULTING SERVICES
We also provide several advisory services separately or in combination. While the primary clients
for these services will be pension, profit sharing and 401(k) plans, we offer these services, where
appropriate, to individuals and trusts, estates and charitable organizations. 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 continually, based on the procedures and timing intervals
delineated in the Investment Policy Statement. Although our firm is not involved in any way in
the purchase or sale of 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 may also provides quarterly
educational support and investment workshops designed for the plan participants. 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.
FINANCIAL PLANNING
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.
In general, the financial plan can address any or all of the following areas:
Personal: We review family records, budgeting, personal liability, estate information and
financial goals
Tax & Cash Flow: We analyze the client’s income tax and spending and planning for past,
current and future years; then illustrate the impact of various investments on the client’s current
income tax liability.
Investments: We analyze investment alternatives and their effect on the client’s
portfolio
Insurance: We review existing policies to ensure proper coverage for life, health, disability, long-
term care, liability, home and automobile
Retirement: We analyze current strategies and investment plans to help the client achieve his
or her retirement goals.
Death & Disability: We review the client’s cash needs at death, income needs of surviving
dependents, estate planning and disability income.
Estate: We assist the client in assessing and developing long-term strategies, including as
appropriate, living trusts, wills, review estate tax, powers of attorney, asset protection plans,
nursing homes, Medicaid and elder law.
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.We also provide general
non-securities advice on topics that may include tax and budgetary planning, estate planning
and business planning.
Typically the financial plan is presented to the client within six months of the contract date,
provided that all information needed to prepare the financial plan has been promptly
provided. Financial Planning recommendations are not limited to any specific product or service
offered by a broker-dealer or insurance company. All recommendations are of a generic nature.
CONSULTING SERVICES
Clients can also receive investment advice on a more focused basis. This may include advice
on only an isolated area(s) of concern such as estate planning, retirement planning, or any other
specific topic. We also provide specific consultation and administrative services regarding
investment and financial concerns of the client.
Consulting recommendations are not limited to any specific product or service offered by a
broker-dealer or insurance company. All recommendations are of a generic nature.
AMOUNT OF MANAGED ASSETS
As of 12/31/2022, we were actively managing $204,527,778of clients' assets all on a non-
discretionary basis.