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Adviser Profile

As of Date 03/22/2024
Adviser Type - Large advisory firm
Number of Employees 12
of those in investment advisory functions 5
Registration SEC, Approved, 09/02/2008
AUM* 1,409,985,016 19.95%
of that, discretionary 1,301,229,493 21.71%
Private Fund GAV* 75,770 -97.70%
Avg Account Size 879,591 13.14%
% High Net Worth 60.97% 3.16%
SMA’s Yes
Private Funds 1
Contact Info 609 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Pension consulting services

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 1B 853M 682M 512M 341M 171M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeReal Estate Fund Count1 GAV$75,770

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Brochure Summary

Overview

Firm Description Roundview Capital, LLC (“Roundview”) was founded in 2008. Roundview is an independent advisory firm that provides financial advice and portfolio management to individuals and their family members, pension and profit-sharing plans, trusts, estates, charitable organizations, and corporations or business entities. Roundview does not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products. The firm is not affiliated with entities that sell financial products or securities. No commissions in any form are accepted. No finder’s fees are accepted. Howard T. Alter, Stephen K. Shueh, and Andrew S. Lieu are the principal owners of Roundview. Types of Advisory Services Roundview provides investment advisory services, also known as asset management services, and furnishes investment advice through consultations. Roundview provides investment advisory services specific to the needs of each client. Before providing investment advisory services, Roundview will ascertain the client’s investment objective(s). Roundview will then invest (or recommend that the client invest) the portfolio consistent with the designated investment objective(s). Roundview, to the extent requested by an individual client, also provides financial planning and consulting services (including investment and non-investment related matters, including estate planning, tax planning, insurance, etc.), as well as tax preparation services. Roundview may recommend the services of other professionals for implementation purposes. 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 Roundview. Conflicts of interest will be disclosed to the client prior to the potential for a conflict to occur. Before engaging Roundview to provide investment advisory services, clients are required to enter into an agreement with Roundview setting forth the terms and conditions of the engagement, describing the scope of the services to be provided, and the fees that a client will incur. Roundview shall generally price its services based upon various objective and subjective factors. As a result, Roundview’s clients could pay diverse fees based upon the market value of their assets, the complexity of the engagement, and the level and scope of the consulting services to be rendered. See Fee Differentials below. The client can engage Roundview to provide discretionary and/or, in limited circumstances, non-discretionary investment advisory services on a fee basis. Non- Discretionary Service Limitations. Clients that engage Roundview on a non- discretionary investment advisory basis must be willing to accept that Roundview cannot effect any account transactions without obtaining prior consent to any such transaction(s) from the client. Thus, in the event that Roundview would like to make a transaction for a client’s account (including in the event of an individual holding or general market correction), and the client is unavailable, Roundview will be unable to effect the account transaction(s) without first obtaining the client’s consent. As of December 31, 2023, Roundview manages approximately $1.41 billion in regulated assets for approximately 497 clients. Approximately $1.3 billion is managed on a discretionary basis, and $109 million is managed on a non-discretionary basis. Tailored Relationships Our investment advice is provided through consultation with the client. Roundview establishes an asset allocation structure appropriate for each client based on the client’s financial objectives, financial position, investment horizon, present and anticipated levels of income, tax status, and risk tolerance. Once the basic allocation is established for and reviewed with the client, an Investment Policy Statement is prepared for and executed by the client. Clients may impose restrictions on investing in certain securities or types of securities. Services are not limited to specific types of investments. Types of Agreements The following agreements define the typical client relationships. I. Investment Advisory Agreement - Clients choose to have Roundview manage their assets in order to obtain ongoing investment advice. The scope of work and fee for an Investment Advisory Agreement is provided to the client in writing prior to the start of the relationship. Please see Item 5. Fees and Compensation for more information regarding fees and compensation for Investment Advisory Services. II. Strategic Investment Counseling Agreement - In some circumstances, a Strategic Investment Counseling Agreement is executed in lieu of an Investment Advisory Agreement when it is more appropriate to work on a fixed-fee basis. Roundview will provide such selected clients with financial advice on an intermittent or periodic basis. This advice includes review, analysis, and recommendations regarding the clients’ assets and investment portfolio. Roundview may or may not manage these assets or portfolios and may or may not have discretionary authority over them. With respect to its strategic investment counseling services, each client receives and executes a Strategic Investment Counseling Agreement provided by Roundview, which includes detail on the appropriate fee. Please see Item 5. Fees and Compensation, for more information. III. Retirement Plan Services a. Trustee-Directed Plans. Roundview may be engaged to provide discretionary or non-discretionary investment advisory services to pooled retirement plans qualified under the Employee Retirement Income Security Act of 1974 (“ERISA”). In such engagements, Roundview shall manage retirement plan assets consistent with the investment objective(s) designated by the plan trustees and will serve as an investment fiduciary as that term is defined under ERISA Section 3(21). When such services are provided on a discretionary basis, Roundview also serves as an ERISA Section 3(38) investment manager. b. Participant Directed Retirement Plans. Roundview may also provide investment advisory and consulting services to participant-directed retirement plans. For such engagements, Roundview shall assist the plan sponsor with the selection of an investment platform from which plan participants shall make their respective investment choices (which may include investment strategies devised and managed by Roundview), and, to the extent engaged to do so, may also provide corresponding education to assist the participants with their decision-making process. c. Client Retirement Plan Assets. If requested to do so, Roundview can also provide investment advisory services relative to a participant’s retirement plan assets. In such event, Roundview shall allocate (or recommend that the participant allocate) the retirement account assets among the investment options available on the plan platform. Roundview’s investment options may be limited to the allocation of the assets among the investment alternatives available through the plan. Please see Item 5. Fees and Compensation, for more information regarding fees and compensation for Retirement Plan
Services. A client may terminate any of the aforementioned agreements at any time by notifying Roundview in writing and paying the pro rata rate for the time spent on the investment advisory engagement prior to notification of termination. If the client made an advance payment, Roundview will refund any unearned portion of the advance payment. Roundview may terminate any of the aforementioned agreements at any time by notifying the client in writing. Roundview will collect the pro rata basis rate for the time spent on the investment advisory engagement prior to notification of termination. If the client made an advance payment, Roundview will refund any unearned portion of the advance payment. Please see Item 5. Fees and Compensation, for more information. Miscellaneous Limitations of Financial Planning and Non-Investment Consulting/ Implementation Services: To the extent requested by a client, Roundview will provide financial planning and related consulting services regarding non-investment related matters, such as estate planning, tax planning, insurance, etc. Roundview will generally provide such consulting services inclusive of its advisory fee set forth at Item 5 below, but may, depending upon the amount of assets under management and/or scope of the services to be provided, determine to charge a mutually agreed upon hourly or fixed fee depending upon the complexity and scope of the services to be provided, per the terms and conditions of a separate written agreement. To the extent requested by a client, Roundview may provide tax preparation as part of its advisory fee set forth at Item 5 below for certain clients based upon the amount of assets placed under Roundview’s management. Please Note: Our financial planning and consulting services generally serve as “issue spotting.” Roundview may recommend the services of other professionals for certain implementation purposes (i.e., attorneys, accountants, insurance, etc.), including the spouse of a Roundview member in her separate capacity as a licensed attorney, thereby presenting a conflict of interest. Please see disclosures at Item 10 below. 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 the advisor and/or its representatives. If the client engages any recommended unaffiliated professional and a dispute arises thereafter relative to such engagement, the client agrees to seek recourse exclusively from and against the engaged professional. Please Note: Roundview does not serve as an attorney or insurance agent and no portion of our services should be construed as legal or insurance services. Accordingly, Roundview does not prepare estate planning documents or sell insurance products. Retirement Rollovers – Potential for Conflict of Interest: A client or prospective client leaving an employer typically has four options regarding an existing retirement plan (and may engage in a combination of these options): (i) leave the money in the former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if one is available and rollovers are permitted, (iii) roll over to an Individual Retirement Account (“IRA”), or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse tax consequences). If Roundview recommends that a client roll over their plan assets into an account to be managed by Roundview, such a recommendation creates a conflict of interest if Roundview will earn new (or increase its current) compensation as a result of the rollover. Please Note: Roundview does not generally provide rollover recommendations to clients. However, if Roundview was to provide a recommendation as to whether a client should engage in a rollover or not (whether it is from an employer’s plan or an existing IRA), Roundview would be acting as a fiduciary 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. No client is under any obligation to roll over retirement plan assets to an account managed by Roundview, whether it is from an employer’s plan or an existing IRA. Reporting Services: Roundview can also provide account reporting services, which can incorporate client investment assets that are not part of the assets that Roundview manages (the “Excluded Assets”). Unless agreed to otherwise, in writing, the client and/or his/her/its other advisors that maintain trading authority, and not Roundview, shall be exclusively responsible for the investment performance of the Excluded Assets. Unless also agreed to otherwise, in writing, Roundview does not provide investment management, monitoring or implementation services for the Excluded Assets. The client can engage Roundview to provide investment management services for the Excluded Assets pursuant to the terms and conditions of the Investment Advisory Agreement between Roundview and the client. Cryptocurrency: For clients who want exposure to cryptocurrencies, including Bitcoin, Roundview will consider investment in corresponding exchange traded securities, or an allocation to separate account managers and/or private funds that provide cryptocurrency exposure. Crypto is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography (i.e., a method of protecting information and communications with codes) to secure online transactions. Unlike conventional currencies issued by a monetary authority, cryptocurrencies are generally not controlled or regulated and their price is determined by the supply and demand of their market. Cryptocurrency is currently considered to be a speculative investment. The speculative nature of cryptocurrencies notwithstanding, Roundview may (but is not obligated to) utilize crypto exposure in one or more of its asset allocation strategies for diversification purposes. Please Note: Investment in cryptocurrencies is subject to the potential for liquidity constraints, extreme price volatility and complete loss of principal. Notice to Opt Out. Clients can notify Roundview, in writing, to exclude cryptocurrency exposure from their accounts. Absent Roundview’s receipt of such written notice from the client, Roundview may (but is not obligated to) utilize cryptocurrency as part of its asset allocation strategies for client accounts. Affiliated Private Fund: Roundview and its Principals are affiliated with Roundview Capital Partners Series Fund, LLC (the “Fund”), a private investment fund. The Fund has completed distributions to its investors and is in the process of termination. Client Obligations In performing our services, Roundview shall not be required to verify any information received from the client or from the client’s other professionals and is expressly authorized to rely thereon. Clients are responsible for promptly notifying Roundview if there is ever any change in their financial situation or investment objectives so that Roundview can review, and if necessary, revise its previous recommendations or services. Wrap Fee Program Roundview does not participate in or sponsor a wrap fee program.