A. Firm Information
Disciplined Investments, LLC d/b/a HoganTaylor Wealth (“HTW” or the “Advisor”) is a registered investment advisor
with the U.S. Securities and Exchange Commission. The Advisor is organized as an LLC under the laws of the
State of Oklahoma. HTW was founded in 2010 and is majority owned by HoganTaylor LLP. The Advisor is primarily
operated by Mathew Bacon (Chief Operating Officer, Chief Compliance Officer) and Charles Wisdom (Chief
Executive Officer). This Disclosure Brochure provides information regarding the qualifications, business practices,
and the advisory services provided by HTW.
B. Advisory Services Offered
HTW offers investment advisory services to individuals, high net worth individuals, trusts, estates, businesses, and
charitable organizations (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. HTW's fiduciary commitment is further described in the Advisor’s Code of Ethics. For more
information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client
Transactions and Personal Trading.
Wealth Management Services
HTW provides wealth management services for its Clients. These services generally include a broad range of
comprehensive financial planning in connection with discretionary investment management of Client portfolios.
These services are described below.
Investment Management
HTW provides customized investment advisory solutions for its Clients. This is achieved through continuous
personal Client contact and interaction while providing discretionary and non-discretionary investment management
and related advisory services. HTW works closely with each Client to identify their investment goals and objectives
as well as risk tolerance and financial situation in order to create a portfolio strategy. HTW will then construct an
investment portfolio, consisting of low-cost, diversified mutual funds and/or exchange-traded funds (“ETFs”) to
achieve the Client’s investment goals. The Advisor may also utilize individual stocks, bonds or options contracts to
meet the needs of its Clients. The Advisor may retain certain types of investments based on a Client’s legacy
investments based on portfolio fit and/or tax considerations.
HTW’s investment strategies are primarily long-term focused, but the Advisor may buy, sell or reallocate positions
that have been held for less than one year to meet the objectives of the Client or due to market conditions. HTW
will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk
tolerance agreed to by the Client. Each Client will have the opportunity to place reasonable restrictions on the types
of investments to be held in their respective portfolio, subject to acceptance by the Advisor.
HTW evaluates and selects investments for inclusion in Client portfolios only after applying its internal due diligence
process. HTW may recommend, on occasion, redistributing investment allocations to diversify the portfolio. HTW
may recommend specific positions to increase sector or asset class weightings. The Advisor may recommend
employing cash positions as a possible hedge against market movement.
HTW may recommend selling positions for reasons that include, but are not limited to: harvesting capital gains or
losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting
of the position[s] in the portfolio, change in risk tolerance of the Client, generating cash to meet Client needs, or any
risk deemed unacceptable for the Client’s risk tolerance.
At no time will HTW accept or maintain custody of a Client’s funds or securities, except for the limited authority as
outlined in Item 15 – Custody. All Client assets will be managed within the designated account[s] at the Custodian,
pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices.
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Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over the
assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based account
to fee-based account). Such a recommendation creates a conflict of interest if the Advisor
will earn a new (or
increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a
retirement account to an account managed by the Advisor.
Use of Independent Managers
HTW may recommend that Clients utilize one or more unaffiliated investment managers or investment platforms
(collectively “Independent Managers”) for all or a portion of a Client’s investment portfolio, based on the Client’s
needs and objectives. In such instances, the Client will be required to authorize and enter into an investment
management agreement with an Independent Manager that defines the terms in which the Independent Manager
will provide its services. The Advisor will perform initial and ongoing oversight and due diligence over each
Independent Manager to ensure the strategy remains aligned with Clients investment objectives and overall best
interests. The Advisor will also assist the Client in the development of the initial policy recommendations and
managing the ongoing Client relationship. The Client, prior to entering into an agreement with an Independent
Manager, will be provided with the Independent Manager's Form ADV Part 2A - Disclosure Brochure (or a brochure
that makes the appropriate disclosures).
Financial Planning Services
HTW will typically provide a variety of financial planning and consulting services to Clients as part of its overall
wealth management services or pursuant to a written financial planning agreement. Services are offered in several
areas of a Client’s financial situation, depending on their goals and objectives. Generally, such financial planning
services involve preparing a formal financial plan or rendering a specific financial consultation based on the Client’s
financial goals and objectives. This planning or consulting may encompass one or more areas of need, including
but not limited to, investment planning, retirement planning, personal savings, education savings, and other areas
of a Client’s financial situation.
A financial plan developed for, or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs.
HTW may also refer Clients to an accountant, attorney or other specialists, as appropriate for their unique situation.
For certain financial planning engagements, the Advisor will provide a written summary of the Client’s financial
situation, observations, and recommendations. For consulting or ad hoc engagements, the Advisor may not provide
a written summary. Plans or consultations are typically completed within six (6) months of contract date, assuming
all information and documents requested are provided promptly.
Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the
interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor for
investment management services or to increase the level of investment assets with the Advisor, as it would
increase the amount of advisory fees paid to the Advisor. Clients are not obligated to implement any
recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to
act on any of the recommendations made by the Advisor, the Client is under no obligation to implement the
transaction through the Advisor.
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C. Client Account Management
Prior to engaging HTW to provide investment advisory services, each Client is required to enter into one or more
agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor and the
Client. These services may include:
• Establishing an Investment Strategy – HTW, in connection with the Client, will develop a strategy that seeks
to achieve the Client’s goals and objectives.
• Asset Allocation – HTW will develop a strategic asset allocation that is targeted to meet the investment
objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction – HTW will develop a portfolio for the Client that is intended to meet the stated goals
and objectives of the Client.
• Investment Management and Supervision – HTW will provide investment management and ongoing
oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
HTW does not manage or place Client assets into a wrap fee program. Investment management services are
provided directly by HTW.
E. Assets Under Management
As of December 31, 2023, HTW manages $434,377,670 in Client assets, $341,940,879 of which are managed on a
discretionary basis and $92,436,791 on a non-discretionary basis. Clients may request more current information at
any time by contacting the Advisor.