Description of Services and Fees
Jackson Wealth Management, LLC is a registered investment adviser based in Lake Mary, Florida.
We are organized as a limited liability company under the laws of the State of Florida. We have been
providing investment advisory services since 2008. George P. Jackson is our principal owner.
Currently, we offer the following investment advisory services, which are personalized to each
individual client:
• Financial Planning Services
• Asset Management Services
• Selection of Other Advisers
• Pension Consulting Services
The following paragraphs describe our services and fees. Please refer to the description of each
investment advisory service listed below for information on how we tailor our advisory services to your
individual needs. As used in this brochure, the words "we," "our" and "us" refer to Jackson Wealth
Management, LLC and the words "you," "your" and "client" refer to you as either a client or prospective
client of our firm. In addition, you may see the term Associated Person throughout this brochure. As
used in this brochure, our Associated Persons are our firm's officers, employees, and all individuals
providing investment advice on behalf of our firm.
Financial Planning Services
We offer broad-based, modular, and consultative financial planning services. 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. If you retain our firm for financial
planning services, we will meet with you to gather information about your financial circumstances and
objectives. Once we specify those long-term objectives (both financial and non-financial), we will
develop shorter-term, targeted objectives. Once we review and analyze the information you provide to
our firm and the data derived from our financial planning software, we will deliver a written plan to you,
designed to help you achieve your stated financial goals and objectives.
We may meet with your other professional advisors (financial, legal, real estate, tax, etc.) for a series of
information gathering and/or implementation meetings. We will act as project manager to coordinate the
work of the appropriate parties in a manner consistent with your long-term desired outcome. As your
financial situation, goals, objectives, or needs change, you must notify Jackson Wealth Management
promptly.
In limited circumstances, you may only require advice on a single aspect of your financial resources. In
these circumstances, we offer financial plans in a targeted format and/or general consulting services
that address only those specific areas of interest or concern.
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. 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.
We charge an hourly fee of $250 for financial planning services, which is negotiable depending on the
scope and complexity of the plan, your situation, and your financial objectives. An estimate of the total
time/cost will be determined at the start of the advisory relationship. In limited circumstances, the
cost/time could potentially exceed the initial estimate. In such cases, we will notify you and request that
you approve the additional fee.
Fees are due upon completion of services rendered. We will not require prepayment of a fee more
than six months in advance and in excess of $1,200. Other fee payment arrangements may be
negotiated. For example, particularly complex plans may require prepayment of a portion of the
estimated fee for services, with the balance due upon presentation. For lengthy engagements, interim
payments may be requested and will be due as invoiced.
You may terminate the financial planning agreement at any time by providing written notice to our firm.
You will incur a pro rata charge for services rendered prior to the termination of the agreement. If you
have pre- paid advisory fees that we have not yet earned, you will receive a prorated refund of those
fees.
Asset Management Services
We offer discretionary asset management services. Our investment advice is tailored to meet our
clients' needs and investment objectives. If you retain our firm for asset management services, we will
meet with you to determine your investment objectives, risk tolerance, and other relevant information
(the "suitability information") at the beginning of our advisory relationship. We will use the suitability
information we gather to develop a strategy that enables our firm to give you continuous and focused
investment advice and/or to make investments on your behalf. As part of our portfolio management
services, we may customize an investment portfolio for you in accordance with your risk tolerance and
investing objectives. Once we construct an investment portfolio for you, we will monitor your portfolio's
performance on an ongoing basis and will rebalance the portfolio as required by changes in market
conditions and in your financial circumstances. Our asset management services include cash flow
management; insurance review; investment management (including performance reporting); education
planning; retirement planning; estate planning; and tax planning, as well as the implementation of
recommendations within each area.
If you participate in our discretionary portfolio management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow our firm to
determine the specific securities, and the amount of securities, to be purchased or sold for your
account without your approval prior to each transaction. Discretionary authority is typically granted by
the investment advisory agreement you sign with our firm, a power of attorney, 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.
However, such restrictions may affect the composition and performance of your portfolio. For these
reasons, performance of your portfolio may not be identical with our average client.
Participant Account Management (Discretionary)
We use a platform provided by Pontera Inc. ("Pontera") to manage held away assets such as defined
contribution plan participant accounts, with discretion. The Pontera platform allows us to avoid being
considered to have custody of Client funds since we do not have direct access to or direct use of
Client login credentials to affect trades. We are not affiliated with Pontera in any way and receive no
compensation from Pontera for using their platform.
A link will be provided to the Client allowing them to connect an account(s) to the platform provided by
Pontera. Once Client account(s) is connected to the platform, we will review the current account
allocations. When deemed necessary, we will rebalance the account considering client investment
goals and risk tolerance, and any change in allocations will consider current economic and market
trends. The goal is to improve account performance over time, minimize loss during difficult markets,
and manage internal fees that harm account performance. Client account(s) will be reviewed at least
quarterly and allocation changes will be made as deemed necessary by us.
Our fee for portfolio management services is based on a percentage of your assets we manage and is
set forth in the following fee schedule:
Assets Under Management Annual Fee
First $200,000 1.75%*
Next $300,000 1.50%
Next $4,500,000 1.00%
All amounts over $5,000,000 Negotiable
Held Away Assets
The annual fee is a flat 1.00% for all assets maintained on the Pontera Inc. platform.
Our annual portfolio management fee is billed and payable quarterly in advance. The asset-based fee
is calculated on the value of the gross assets under management on the last business day of the
previous quarter. Gross assets include securities purchased with borrowed amounts (margin account),
not the net value of the account. For clients not using borrowed amounts, our fee is based on your
account value.
If the portfolio management agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are
a client. Our advisory fee is
negotiable, depending on individual client circumstances. Therefore, clients with similar assets
under management and investment objectives may pay significantly higher or lower fees than other
clients.
We will send you an invoice for the payment of our advisory fee, or we will deduct our fee directly from
your account through the qualified custodian holding your funds and securities. The qualified
custodian will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements
from your account. You should review all statements for accuracy. We will also receive a duplicate
copy of your account statements.
You may terminate the portfolio management agreement within five (5) days of the date of acceptance
without penalty. We will not accept instructions to terminate the agreement unless such instructions
are provided in writing by you. Thereafter, either party may terminate the portfolio management
agreement upon seven (7) business days written notice to the other. Fees will be pro-rated for the
quarter in which the cancellation notice was given, inclusive of the seven (7) days’ notice period and is
due and payable. Otherwise, the management fee will be pro-rated for the quarter in which the
cancellation notice was given, and, if applicable, any prepaid, unearned fees will be promptly refunded
to you.
We encourage you to reconcile our invoices with the statement(s) you receive from the qualified
custodian. If you find any inconsistent information between our invoice and the statement(s) you
receive from the qualified custodian, please call our main office number located on the cover page of
this brochure.
Cash Rule Conflict
Participants in the asset management program with cash or money market investments, which exceed
20% of the total market value of the account at the time of billing, will be included for fee purposes, only
if the account did not exceed 20% in cash or money market investments at the end of the previous
quarter. Otherwise, the balance in excess of 20% will not be included in the value of your account for fee
purposes. This fee billing provision is intended to equitably assess advisory fees to your assets for which
an ongoing advisory service is being provided, and the exclusion of excess cash from the advisory fee is
intended to benefit those clients holding substantial cash balances (as a percentage of the total
individual account value) for an extended period of time. However, this provision may pose a financial
disincentive to us, as the portion of cash or money market investments will not be included in the asset-
based fee charged to the account. This may cause us to reallocate your account from cash or money
market investments to advisory fee eligible investments in order to avoid the application of this provision
and therefore receive a fee on the full asset value in your account(s).
Participants in the asset management program may be entitled to a discounted asset-based fee if they
maintain one or more related accounts within these programs. It is the Client's responsibility to include
all Related Accounts for purposes of qualifying for an aggregated account fee discount. While Jackson
Wealth Management may attempt to identify related accounts, it shall not be held responsible for failing
to consider any related accounts not listed by the Client.
Selection of Other Advisers
As part of our investment advisory services, we may recommend that you use the services of a third-
party investment adviser ("TPA") to manage your entire, or a portion of your, investment portfolio. After
gathering information about your financial situation and objectives, we will recommend that you engage
a specific TPA or investment program. Factors that we take into consideration when making our
recommendation(s) include, but are not limited to, the following: the TPA's performance, methods of
analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We
will periodically monitor the TPA(s)' performance to ensure its management and investment style
remains aligned with your investment goals and objectives.
We do not charge you a separate fee for the selection of other advisers. We will share in the advisory
fee you pay directly to the TPA. The advisory fee you pay to the TPA is established and payable in
accordance with the brochure provided by each TPA to whom you are referred. These fees may or
may not be negotiable. Our compensation may differ depending upon the individual agreement we
have with each TPA. As such, a conflict of interest may arise where our firm or our Associated
Persons may have an incentive to recommend one TPA over another TPA with whom we have more
favorable compensation arrangements or other advisory programs offered by TPAs with whom we
have less or no compensation arrangements.
You will be required to sign an agreement directly with the recommended TPA(s). You may terminate
your advisory relationship with the TPA according to the terms of your agreement with the TPA. You
should review each TPA's brochure for specific information on how you may terminate your advisory
relationship with the TPA and how you may receive a refund, if applicable. You should contact the TPA
directly for questions regarding your advisory agreement with the TPA.
Pension Consulting Services
We offer pension 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 pension 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
• Time horizon
Our educational seminars may include other investment-related topics specific to the particular plan.
The scope of these services, the fees, and the terms of the agreement for these services will be
negotiated on a case-by-case basis depending on the complexity of the plan and the agreement with
the Client. Typically, the fees will be based on our hourly rate or an agreed upon percentage of the plan
assets as described previously above. Fees will be due as invoiced. The terms regarding payment of
fees, termination, and refund will be clearly set forth in the agreement executed between you and us.
We may also provide additional types of pension 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. Our advisory fees for these customized services will be negotiated with the plan
sponsor or named fiduciary on a case-by-case basis.
Either party to the pension consulting agreement may terminate the agreement upon 5-days' written
notice to the other party. The pension 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.
Types of Investments
We primarily offer advice on mutual funds and Exchange Traded Funds (ETFs); however, we will also
offer advice on equity securities, warrants, corporate debt securities, commercial paper, certificates of
deposit, municipal securities, US Government securities, options contracts on securities and
commodities, futures contracts on securities and commodities, and interests in partnerships investing
in real estate and oil and gas.
Additionally, we may advise you on any type of investment that we deem appropriate based on your
stated goals and objectives. We may also provide advice on any type of investment held in your
portfolio at the inception of our advisory relationship.
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 March 14, 2024, we managed $820,900,000 in client assets (our RAUM Regulatory Assets Under
Management). $763,700,000 on a discretionary basis and $57,200,000 on a non-discretionary basis.