Since August 2010, AllSquare Wealth has been providing integrated wealth management
services to individuals, high net worth individuals, pension and profit-sharing plans, trusts,
estates, charitable organizations and corporations. Douglas J. Bauer and Daniel D. Bauer are the
principals of AllSquare Wealth.
Prior to engaging AllSquare Wealth to provide any of the foregoing investment advisory
services, the client is required to enter into one or more written agreements with AllSquare
Wealth setting forth the terms and conditions under which AllSquare Wealth renders its
services (collectively the “Agreement”).
This Disclosure Brochure describes the business of AllSquare Wealth. Certain sections will also
describe the activities of Supervised Persons. Supervised Persons are any of AllSquare Wealth’s
officers, partners, directors (or other persons occupying a similar status or performing similar
functions), or employees, or any other person who provides investment advice on AllSquare
Wealth’s behalf and is subject to AllSquare Wealth’s supervision or control.
Financial Planning and Consulting Services
AllSquare Wealth may provide its clients with a broad range of integrated financial planning and
consulting services. These services include financial statement development, retirement income
projection, development of an investment policy statement, analysis of existing investment
holdings, risk management review, estate distribution planning, charitable giving strategies,
college education funding, assistance with Medicaid nursing home applications, and income tax
analysis/planning. AllSquare Wealth may also provide clients with tax preparation services.
In performing its services, AllSquare Wealth is not required to verify any information received
from the client or from the client’s other professionals (e.g., attorney, accountant, etc.) and is
expressly authorized to rely on such information. AllSquare Wealth may recommend the
services of itself, its Supervised Persons in their individual capacities as registered
representatives of a broker-dealer and/or licensed insurance agents, and/or other professionals
to implement its recommendations. Clients are advised that a conflict of interest exists if
AllSquare Wealth recommends its own services. The client is under no obligation to act upon
any of the recommendations made by AllSquare Wealth under a financial planning or
consulting engagement or to engage the services of any such recommended professional,
including AllSquare Wealth itself. The client retains absolute discretion over all such
implementation decisions and is free to accept or reject any of AllSquare Wealth’s
recommendations. Clients are advised that it remains their responsibility to promptly notify
AllSquare Wealth if there is ever any change in their financial situation or investment objectives
for the purpose of reviewing, evaluating, or revising AllSquare Wealth’s previous
recommendations and/or services.
Investment Management Services
Clients can engage AllSquare Wealth to manage all or a portion of their assets on a
discretionary or nondiscretionary basis.
AllSquare Wealth primarily allocates clients’ investment management assets among mutual
funds, exchange-traded funds (“ETFs”), individual equity securities, individual debt securities,
and/or Independent Managers (as defined below), in accordance with the investment
objectives of the client. AllSquare Wealth also provides advice about any type of investment
held in clients' portfolios.
AllSquare Wealth may also render non-discretionary investment management services to
clients relative to variable life/annuity products that they may own, their individual employer-
sponsored
retirement plans, and/or 529 plans or other products that may not be held by the
client’s primary custodian. In so doing, AllSquare Wealth either directs or recommends the
allocation of client assets among the various investment options that are available with the
product. Client assets are maintained at the specific insurance company or custodian
designated by the product.
AllSquare Wealth tailors its advisory services to the individual needs of clients. AllSquare
Wealth consults with clients initially and on an ongoing basis to determine risk tolerance, time
horizon and other factors that may impact the clients’ investment needs. AllSquare Wealth
ensures that clients’ investments are suitable for their investment needs, goals, objectives and
risk tolerance.
Clients are advised to promptly notify AllSquare Wealth if there are changes in their financial
situation or investment objectives or if they wish to impose any reasonable restrictions upon
AllSquare Wealth’s management services. Clients may impose reasonable restrictions or
mandates on the management of their account if, in AllSquare Wealth’s sole discretion, the
conditions will not materially impact the performance of a portfolio strategy or prove overly
burdensome to its management efforts.
Fiduciary Statement
We are fiduciaries under the Investment Advisers Act of 1940 and when we provide investment
advice to you regarding your retirement plan account or individual retirement account, we are
also fiduciaries 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.
We have to act in your best interest and not put our interest ahead of yours. At the same time,
the way we make money creates some conflicts with your interests. We must take into
consideration each client’s objectives and act in the best interests of the client. We are
prohibited from engaging in any activity that is in conflict with the interests of the client. We
have the following responsibilities when working with a client:
• To render impartial advice;
• To make appropriate recommendations based on the client’s needs, financial
circumstances, and investment objectives;
• To exercise a high degree of care and diligence to ensure that information is presented
in an accurate manner and not in a way to mislead;
• To have a reasonable basis, information, and understanding of the facts in order to
provide appropriate recommendations and representations;
• Disclose any material conflict of interest in writing; and
• Treat clients fairly and equitably.
Regulations prohibit us from:
• Employing any device, scheme, or artifice to defraud a client;
• Making any untrue statement of a material fact to a client or omitting to state a material
fact when communicating with a client;
• Engaging in any act, practice, or course of business which operates or would operate as
fraud or deceit upon a client; or
• Engaging in any manipulative act or practice with a client.
We will act with competence, dignity, integrity, and in an ethical manner, when working with
clients. We will use reasonable care and exercise independent professional judgement when
conducting investment analysis, making investment recommendations, trading, promoting our
services, and engaging in other professional activities.
Wrap Fee Programs
AllSquare Wealth does not participate in a Wrap Fee Program.
Client Assets
As of February 29, 2024, AllSquare Wealth manages $268,990,739 in assets; all assets are
managed on a discretionary basis.