A. Firm Information
Continuum Wealth Advisors, LLC (“Continuum” or the “Advisor”) is a registered investment advisor with the U.S.
Securities and Exchange Commission (“SEC”). The Advisor is organized as a Limited Liability Company (“LLC”)
under the laws of the State of New York. Continuum was founded in 2010, and is primarily owned and operated
by Timothy Smith (Chief Executive Officer and Chief Compliance Officer). This Disclosure Brochure provides
information regarding the qualifications, business practices, and the advisory services provided by Continuum.
B. Advisory Services Offered
Continuum offers investment advisory services to individuals, high net worth individuals, trusts, estates, and
retirement plans (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. Continuum’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
Continuum may provide Clients with wealth management services, which generally includes a broad range of
comprehensive financial planning services in connection with discretionary management of investment portfolios.
These services are described below.
Investment Management Services – Continuum provides customized investment advisory solutions for its
Clients. This is achieved through continuous personal Client contact and interaction while providing discretionary
or non-discretionary investment management and related advisory services. Continuum works 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. Continuum will then construct a portfolio primarily consisting of mutual funds, exchange-traded
funds (“ETFs”), individual debt and equity securities, and/or independent investment managers (“Independent
Managers”) to achieve the Client’s investment goals. The Advisor may retain certain legacy investments based
on portfolio fit and/or tax considerations.
Continuum’s investment strategies are primarily long-term focused, but the Advisor may buy, sell or re-allocate
positions that have been held for less than one year to meet the objectives of the Client or due to market
conditions. Continuum 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.
Continuum evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. Continuum may recommend, on occasion, redistributing investment allocations to diversify the
portfolio. Continuum 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. Continuum 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 Continuum 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 their designated account[s] at
the Custodian, pursuant to the terms of the advisory agreement. For additional information, please see Item 12 –
Brokerage Practices.
Page 5
Retirement Accounts – When deemed to be in the Client’s best interest, the Advisor will recommend that a Client
take a distribution from an ERISA sponsored plan or to roll over the assets to an Individual Retirement Accounts
(“IRAs”), 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). In such instances, the Advisor will serve as an investment fiduciary as that term is defined under
The Employee Retirement Income Security Act of 1974 (“ERISA”) and/or the Internal Revenue Code (“IRC”), as
applicable, which are laws governing retirement accounts. 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 – When deemed to be in the Client’s best interest, Continuum will recommend to
Clients that all or a portion of their portfolio be implemented by utilizing one or more unaffiliated money managers
(herein “Independent Manager[s]”). In certain instances, the Client may be required to authorize and enter into an
investment management agreement with the Independent Manager[s] that defines the terms in which the
Independent Manager[s] will provide its services. The Independent Manager[s] will have investment discretion
over the Client’s account[s], but may allow the Client to impose reasonable investment restrictions. The Advisor
will assist and advise the Client in establishing investment objectives for their account[s], the selection of the
Independent
Manager[s], and defining any restrictions on the account[s]. Continuum will continue to provide
oversight of the Client’s account[s] and ongoing monitoring of the activities of the Independent Manager[s]. 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).
Participant Account Management – As part of the Advisor’s Investment Management Services, when
appropriate, the Advisor will use a third-party platform to facilitate management of held away assets such as
defined contribution plan participant accounts, with investment discretion. The platform enables the Advisor to
gain access to Client account without having access through the Client’s credentials. This independent advisor
access ensures that the Advisor will not have custody of Client funds or securities when implementing trades for
the Client. The Advisor is not affiliated with the platform in any way and receives no compensation from the
platform. A link will be provided to the Client allowing them to connect their account[s] to the platform for the
Advisor’s secure access.
Financial Planning Services – Continuum provides a variety of financial planning services to Clients as a part of
the Advisor’s wealth management service. Clients may also engage the Advisor separately for financial planning
services, pursuant to a written agreement. Financial plans 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 may encompass one or more areas of need, including but not limited to, investment
planning, retirement planning, personal savings, education savings, insurance needs and other areas of a
Client’s financial situation.
A financial plan developed for 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.
Continuum 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 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
Page 6
recommendations made by the Advisor, the Client is under no obligation to implement the transaction[s] through
the Advisor.
401(k) and Profit-Sharing Plan Platform
Continuum will provide fiduciary and non-fiduciary services to plans. Continuum will work with plan sponsors and
third-party administrators to ensure that the objectives for the plan participants are achieved. Non-discretionary
investment advice regarding asset classes and investment alternatives available for the plan will be provided to
the plan sponsor in accordance with the plan’s investment policies and objectives. However, it is up to the plan
sponsor to make the final decisions regarding the initial selection, retention, removal and/or addition of
investment options.
Continuum acts as the client relationship manager for plan participants, providing information and answering
questions including, but not limited to, account balances, loans, beneficiary designations and rollovers. They act
as the liaison, when needed, with the third-party administrator.
C. Client Account Management
Prior to engaging Continuum 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 – Continuum, in connection with the Client, will develop a strategy to
achieve the Client’s goals and objectives.
• Asset Allocation – Continuum 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 – Continuum will develop a portfolio for the Client that is intended to meet the
stated goals and objectives of the Client.
• Investment Management and Supervision – Continuum will provide investment management and
ongoing oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Continuum does not manage or place Client assets into a wrap fee program.
E. Assets Under Management
As of December 31, 2023, Continuum manages approximately $207,078,300 in Client assets, $202,463,600 of
which are managed on a discretionary basis and $4,614,700 on a non-discretionary basis. Clients may request
more current information at any time by contacting the Advisor.