Timonier Family Office, Ltd is a North Carolina corporation located in Winston-Salem, North Carolina doing business
as Timonier (also referred to as "the Firm"). The Firm specializes in providing discretionary and non-discretionary
wealth management services to individuals and families, trustees, estates, endowments, charitable organizations, and
business entities as well as pension and profit-sharing plans.
Timonier was established in 1997 as Baker Capital Advisors. The Firm was reorganized in 2009 as Timonier Family
Office, Ltd. to reflect its expanded wealth management suite of service offerings and professional personnel more
effectively.
We seek to assist individuals and families in the process of achieving their financial goals through comprehensive
financial planning, asset management, tax planning and estate planning. Our clients have a variety of objectives and
may be at different points on the financial life cycle. We apply a time-tested and objective approach to creating and
implementing an appropriate financial and wealth management plan on behalf of our clients.
Timonier is a fee-only advisor and as such, we do not receive commissions on any transaction or service. We believe
this fee structure works well to eliminate conflicts of interest. Our fees are fully transparent and disclosed. In addition,
we are a named fiduciary. This fiduciary relationship requires that we put our clients' interest above our own.
The Firm takes a holistic, multi-generational approach to wealth management. Upon establishing a relationship, the
Firm's wealth advisors gather information from the client including investment objectives, cash flow needs, risk
tolerances, as well as the client's long-term vision. Timonier and its representatives provide financial advice which
includes recommendations for appropriate investments. Wealth management services are provided on a discretionary
basis. Using this authority, Timonier and its representatives may buy, sell or exchange securities without obtaining
specific consent prior to each transaction.
The Firm and its representatives request periodic meetings in order to determine if there have been material changes
which will affect the management of the account and to update the financial plan.
PRODUCT TYPES
Subject to the client's advisory agreement, Timonier may invest and reinvest the client's assets in a variety of securities
and other investments. The Firm may use these investment options in different variations and levels to meet the
specific need of the individual client.
Equity securities; Variable annuities;
Exchange-listed securities; Mutual fund shares;
Corporate debt securities; United States government securities;
Certificates of deposit; Exchange-traded funds (ETFs)
Municipal securities; Real estate investment trusts (REITs)
To encourage our multi-generational approach and to transcend the wealth management philosophy to the generations
to follow, Timonier provides incentives in its money management services to do so. Timonier will forego advisory
fees on the second-generation client accounts until they reach a $50,000 level. Timonier waives all fees associated with
the implementation and advisement of investments directed to college 529 savings plans, as our gift of education.
ASSETS UNDER MANAGEMENT
(as of December 31, 2023)
Discretionary: $303,429,017
Non-Discretionary: $35,557,146
Total: $338,986,163
FORM ADV PART 2A BROCHURE | TIMONIER 2 | Pa g e
RETIREMENT PLAN INVESTMENT ADVISORY
Timonier can provide the following services to Retirement Plan Accounts. ERISA Section 3(21) and 3(38) plan
investment advisory services include Timonier performing fiduciary and non-fiduciary services as described below.
Timonier will perform the following Fiduciary Services:
i. Investment Policy Statement: Timonier will assist the Trustee in the development of an investment policy
statement ("IPS") which establishes the investment policies, objectives and constraints for the Plan and its
investment menu and is consistent with the requirements of ERISA. The parties acknowledge that the Trustee
will have the ultimate responsibility and authority to establish such policies and objectives and to adopt and
amend the IPS.
ii. Investment Menu: Timonier will evaluate and prudently designate the specific investments to be offered as
designated investment alternatives (DIAs) under the Plan's investment menu consistent with the Plan's IPS.
The Plan's menu of DIAs will meet the "broad range of investment alternatives" requirement under the
ERISA Section 404(c) and the related DOL Regulations, but Timonier will have no other responsibilities
with respect to compliance with ERISA section 404(c) and such DOL Regulations. Timonier will monitor
such investment alternatives, and prudently remove or add investment alternatives as deemed appropriate by
Timonier in its discretion as the Plans investment manager.
iii. Qualified Default Investment Alternative: If applicable, Timonier will select an investment alternative that
satisfies the requirements of a qualified default investment alternative ("QDIA") under Section 2550.404c-
S(e)(4) of the DOL Regulations. The parties acknowledge that the Trustee is responsible for determining
whether the Plan should have a QDIA and deciding upon the type of investment that will serve as a QDIA
(e.g., target date fund, balanced fund or managed account). Once the Trustee has made that determination,
Timonier will select the investment to serve as the QDIA. Client retains the sole responsibility to provide all
notices to participants required under ERISA section 404(c)(S).
iv. Model Portfolios: Timonier will establish and maintain a range of asset allocation model portfolios ("Model
Portfolios"). The underlying investments for the Model Portfolios will be limited to the Plan's DIAs. The
allocation of asset classes within the various Model Portfolios will be based on generally accepted investment
theories and seek to achieve varying degrees of long-term appreciation and capital preservation through
different mixes of equity and fixed income exposures. If a participant selects a Model Portfolio as the
investment for his or her account under the Plan, Timonier will provide the opportunity to invest the assets
of the participant's account in a mix of the Plan's DIAs in accordance with the selected Model Portfolio and
will rebalance the investments to maintain the desired mix in its discretion.
v. Support for Trustee: Timonier will assist the Trustee with respect to their ongoing duty to monitor
Timonier's performance as investment manager for the Plan. Such assistance will include providing periodic
reports of the historical performance and investment characteristics of the Plan's DIAs and Model Portfolios.
Timonier will also meet with the Trustee on a periodic basis to discuss the reports and its investments
decisions.
vi. Fee Analysis for Investments: Timonier will perform a periodic analysis of the fees and expenses associated
with the Plans’ DIAs.
vii. Proxy Voting: Timonier will vote proxies or direct the custodian for the Plan to vote proxies, as applicable,
and take related actions with respect to corporate actions for the securities held by the custodian on behalf of
the Plan, provided the proxy materials are timely received from the custodian. Timonier will not be
responsible for voting proxies or taking any related actions if the applicable proxy materials are not timely
received from the custodian.
FORM ADV PART 2A BROCHURE | TIMONIER 3 | Pa g e
Timonier will perform the following Non-Fiduciary Services:
i. Fee Analysis for Services: Timonier will perform a periodic analysis of the fees and expenses associated with
Plan’s key service providers. In connection with such services, Timonier may also perform benchmarking
services, and provide analysis concerning the operations of the Plan.
ii. Participant Education: Timonier will provide investment education and other related assistance to participants
in group enrollment meetings designed to increase retirement plan participation among eligible employees as
well as increase investment and financial understanding by such employees. Timonier will also offer to provide
on-site education to participants in private, one-on-one sessions that are made periodically available as agreed
upon by the parties.
iii. Auto-Enrollment: If applicable, Timonier will provide support services to Client for auto-enrollment of
participants as established in the Plan set-up documents or amendments.
iv. Participant Support Services: Timonier will provide a full orientation of the Plan's structure and usage of web-
based tools for account management as well as participant support via email and toll-free number. Timonier will
also provide participant support related to distribution forms and options.