Our firm provides financial planning and discretionary investment management to individuals, high
net worth individuals, pension and profit-sharing plans, corporations and businesses, charitable
organizations and Roseman Wagner Partners, L.P., a pooled private investment vehicle, organized as
a limited partnership (the “Fund”).
RWWM, Inc. (“RWWM”) is a California corporation that was formed on September 2, 2008, as an S-
Corporation doing business as Roseman Wagner Wealth Management. Scott Roseman and Aaron
Wagner (the “Principals”) are the original shareholders of RWWM. The TGR 2022 Irrevocable Trust
dtd. 12/15/2022 owns 37.125% of RWWM, the SPR 2023 Irrevocable Trust dtd. 10/02/2023 owns
37.125% of RWWM, Aaron Wagner and Quin Wagner of the Wagner Family trust own 25% of RWWM
and Scott Roseman and Tara Roseman of the Roseman Family Trust own .75% of RWWM.
Prior to establishing Roseman Wagner Wealth Management, Scott Roseman and Aaron Wagner were
partners in the Roseman Wagner Group at the firm Smith Barney from 2002 to 2008. Scott Roseman
was employed as a financial adviser with Smith Barney from 1993 to 2008. Aaron Wagner was
employed with the firm of Wachovia Securities from 1999 to 2002 before joining Smith Barney in
2002.
Types of Advisory Services Offered
Investment Management
As part of our Investment Management service clients will be provided asset management and
financial planning or consulting services. This service is designed to assist clients in meeting their
financial goals through the use of a financial plan or consultation. Our firm conducts client meetings
to understand their current financial situation, existing resources, financial goals, and tolerance for
risk. Based on what is learned, an investment approach is presented to the client, consisting of
individual stocks, bonds, ETFs, options, mutual funds and other public and private securities or
investments. Once the appropriate portfolio has been determined, portfolios are continuously and
regularly monitored, and if necessary, rebalanced based upon the client’s individual needs, stated
goals and objectives. Upon client request, our firm provides a summary of observations and
recommendations for the planning or consulting aspects of this service.
As mentioned above, our Investment Management service includes financial planning. Our financial
planning process involves a multi-meeting approach conducted in person, if possible, otherwise via
telephone conference. Each relationship starts with a personal discovery interview followed by a
collection of client financial data. Based on what we learn from the information provided, we
organize, analyze, and design a comprehensive financial plan that we present to the client. The
financial plan is intended to provide the client and our firm with a complete picture of the client’s
long-term goals.
The Fund:
Certain of our clients also invest in the Fund, which is also an investment advisory client of RWWM.
The Fund is governed by a limited partnership agreement (the “Fund Agreement”) that specifies the
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specific investment guidelines and investment restrictions applicable to the Fund. In addition, the
summary of terms prepared for the investors in the Fund also contains information regarding the
investment program for the Fund. An affiliate of RWWM, Roseman Wagner GP, LLC, a Delaware
limited liability company (the “General Partner”), serves as the general partner of the Fund. The
General Partner is a related person of RWWM and is under common control with RWWM.
RWWM, together with the General Partner, provides investment management and administrative
services to the Fund in accordance with the Fund Agreement and other offering materials. While the
General Partner retains management authority over the business and affairs, including investment
decisions of the Fund, RWWM has been delegated the role of investment adviser to the Fund by the
General Partner. The General Partner, its members and personnel will be subject to the Advisers Act
and rules thereunder, and to all RWWM’s compliance policies and procedures, including but not
limited to RWWM’s code of ethics, conflict of interest, insider trading, personal securities
transactions reporting and recordkeeping policies and procedures.
RWWM generally has broad and flexible investment authority with respect to the Fund. The Fund’s
investment strategy is simply a concentrated, non-leveraged, disciplined approach. The Fund will
commit uncommonly high percentages of capital to individual “focused” opportunities of public and
private investments. RWWM provides services to the Fund and the General Partner pursuant to a
separate investment advisory and management services agreement (the “Management Agreement”)
which sets forth the terms of the services to be provided by RWWM.
Retirement Plan Consulting:
Our firm provides retirement plan consulting services to employer plan sponsors on an ongoing
basis. Generally, such consulting services consist of assisting employer plan sponsors in establishing,
monitoring and reviewing their company's participant-directed retirement plan. As the needs of the
plan sponsor dictate, areas of advising may include:
• Establishing an Investment Policy Statement – Our firm will assist in the development of a
statement that summarizes the investment goals and objectives along with the broad
strategies to be employed to meet the objectives.
• Investment Options – Our firm will work with the Plan Sponsor to evaluate existing
investment options and make recommendations for appropriate changes.
• Asset Allocation and Portfolio Construction – Our firm will develop strategic asset allocation
models to aid Participants in developing strategies to meet their investment objectives, time
horizon, financial situation and tolerance for risk.
• Investment Monitoring – Our firm will monitor the performance of the investments and
notify the client in the event of over/underperformance and in times of market volatility.
• Participant Education – Our firm will provide opportunities to educate plan participants
about their retirement plan offerings, different investment options, and general guidance on
allocation strategies.
In providing services for retirement plan consulting, our firm does not provide any advisory services
with respect to the following types of assets: employer securities, real estate (excluding real estate
funds and publicly traded REITS), participant loans, non-publicly traded securities or assets, other
illiquid investments, or brokerage window programs (collectively, “Excluded Assets”). All retirement
plan consulting services shall be in compliance with the applicable state laws regulating retirement
consulting services. This applies to client accounts that are retirement or other employee benefit
plans (“Plan”) governed by the Employee Retirement Income Security Act of 1974, as amended
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(“ERISA”). If the client accounts are part of a Plan, and our firm accepts appointment to provide
services to such accounts, our firm acknowledges its fiduciary standard within the meaning of Section
3(21) or 3(38) of ERISA as designated by the Retirement Plan Consulting Agreement with respect to
the provision of services described therein.
Tailored Advisory Services:
We determine the appropriate investment model for each of the client’s accounts independently. For
clients other than the Fund, the decision is based on the client’s answers to our investment
questionnaire as well as an assessment of the individual cash flow needs of each account. We usually
do not allow clients to impose restrictions on investing in certain securities or types of securities due
to the level of difficulty this would entail in managing their account.
RWWM tailors its investment advice to the Fund in accordance with the Fund’s investment objectives
and strategy as set forth in the Fund Agreement and other offering materials. Once invested in the
Fund, consistent with our general advisory services, Investors generally cannot impose additional
restrictions or investment guidelines on the Fund.
Participation in Wrap Fee Programs:
We only offer Wrap Investment Management to legacy clients who have already engaged us for this
service. All new clients will be required to execute a “non-wrap” Agreement in order to engage our
firm for investment advisory services.
Regulatory Assets Under Management:
Our firm manages $1,111,205,813 on a discretionary basis and $0 on a non-discretionary basis as of
December 31, 2023.