Centerpoint provides a range of investment and wealth management services, focusing on wealth
accumulation, asset allocation, retirement planning, and financial planning while maintaining a strong
commitment to individual service.
Centerpoint has been in business as a registered investment adviser since July 2011 and is currently
operated by principals Jennifer M. Wolfsberg and John E. Wolfsberg. Prior to becoming an independent
investment adviser, Centerpoint operated as a d/b/a of National Securities Corporation and National Asset
Management. As of December 31, 2023, Centerpoint manages approximately $605,026,533.28 in client
assets, of which approximately $589,253,450.63 is managed on a discretionary basis.
Prior to engaging Centerpoint to provide any of the foregoing investment advisory services, the client is
required to enter into one or more written agreements with Centerpoint setting forth the terms and conditions
under which Centerpoint renders its services (collectively the “Agreement”).
This disclosure brochure describes the business of Centerpoint. Certain sections will also describe the
activities of Supervised Persons. Supervised Persons are any of Centerpoint’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 Centerpoint’s behalf and is subject to Centerpoint’s
supervision or control.
Investment Management Services
Clients can engage Centerpoint to manage all or a portion of their assets on a discretionary basis. In select
and limited cases, Centerpoint may also manage assets on a non-discretionary basis. In conjunction with
portfolio management, investment management clients may also receive certain family office and
consulting services, as part of the firm’s comprehensive wealth management program.
Centerpoint primarily allocates clients’ investment management assets among exchange-traded funds
(“ETFs”), mutual funds, and/or individual debt and equity securities in accordance with the investment
objectives of the client. Centerpoint may also provide advice about any legacy positions or investments
otherwise held in clients' portfolios.
Additionally, Centerpoint may render 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, Centerpoint
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.
Centerpoint tailors its advisory services to the individual needs of clients. Centerpoint 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. Centerpoint strives to ensure that clients’ investments are suitable for their
investment needs, goals, objectives and risk tolerance.
Clients are advised to promptly notify Centerpoint if there are changes in their financial situation or
investment objectives or if they wish to impose any reasonable restrictions upon Centerpoint’s management
services. Clients may impose reasonable restrictions or mandates on the management of their account if,
in Centerpoint’s sole discretion, the conditions will not materially impact the performance of a portfolio
strategy or prove overly burdensome to its management efforts.
Third Party Money Managers
Centerpoint may also utilize third party money managers (“money managers”) in a separately managed
account in which the money manager, not affiliated with Centerpoint, is selected. Under the program,
Centerpoint will assist the client to identify and match a money manager based on information the client
has provided to Centerpoint regarding their financial resources, risk tolerance profiles and investment
objectives. The money manager will invest the client’s account on a discretionary basis.
Centerpoint has established relationships with third party money managers and may establish
relationships with new money managers from time to time through the execution of a service agreement.
Centerpoint is responsible for conducting due diligence of money managers and provides oversight to the
money managers retained by Centerpoint to manage client portfolios or accounts. The due diligence of the
money manager will include a review of the money manager’s Form ADV Part 1 and 2A and all applicable
Appendices for adequate disclosure and controls surrounding potential conflicts of interest and an analysis
of the qualifications of the money manager and material personnel. An analysis of the performance results
will be included within the due diligence, including any supporting documentation and references. The
evaluations performed by Centerpoint are intended to provide sufficient data and/or reports on each money
manager evaluated to allow Centerpoint to evaluate the competence and experience of each money
manager in accordance with then-current industry standards.
Money manager performance, like that of investment performance, is reviewed periodically by
Centerpoint and discussed with the client. In most cases, recommendations to replace a money manager
are not made based upon short-term performance. When a money manager is replaced, Centerpoint will
obtain the client's consent when applicable for the change. When a money manager is selected, clients
will receive that firm's Form ADV Part 2A brochure for review. Clients are encouraged to carefully review
the information in the brochure upon receipt. The performance of money managers may be reviewed by
an outside source.
Centerpoint does not assume responsibility for the conduct of money managers, including their
performance or compliance with laws or regulations. Clients are advised and should understand that (a)
such manager’s past performance is no guarantee of future results; (b) there is a certain market and/or
interest rate risk which may adversely affect any manager’s objectives and strategies and could cause a
loss in a client’s account, and (c) any risk parameter or comparative index selections provided for
accounts are guidelines only; there is no guarantee that they will be met or exceeded.
Additions and Withdrawals to Accounts
Clients may make additions to and withdrawals from their account at any time, subject to Centerpoint’s right
to terminate an account. Clients may withdraw account assets on notice to Centerpoint, subject to the
usual and customary securities settlement procedures. However, Centerpoint designs its portfolios as long-
term investments and the withdrawal of assets may impair the achievement of a client’s investment
objectives.
Family Office and Consulting Services
Centerpoint’s family office and consulting services are typically reserved for the firm’s investment
management clients and rendered as part of Centerpoint’s comprehensive wealth management program.
Centerpoint provides these services to existing
clients either pursuant to a formal engagement or on an ad
hoc basis. Under certain circumstances, the firm may also render certain family office and/or consulting
services to non-investment management clients under a separate written agreement. These services may
include a range of investment and non-investment related functions, including, without limitation:
• Select Bill Pay Assistance
• Wealth transfer
• Charitable Fund Assistance
• Estate Planning Coordination
• Asset Retitling
• Tax Planning and Advisor Coordination
• Insurance Review
• Portfolio Risk Assessment
• Succession Planning
• Education funding
• Retirement Planning
• Family Governance
• Business valuation coordination
• Next Gen Educational Services
• Certified Divorce Financial Analysis
• Account Aggregation Reporting and File
Vault
• Review of External Investment
Managers (Asset Allocation, Investment
Strategy, and Fee Analysis of Outside
Portfolios)
In certain cases, our role shall be that of a facilitator between you and your designated professional provider,
or if you do not already have a provider designated, to help match you with one when appropriate.
Financial Planning Services
To the extent requested by a client, Centerpoint provides comprehensive strategic planning services,
including the development of a comprehensive Financial Plan. The goal of the Financial Plan is to help
clients determine their critical financial needs over time and assist them in creating a detailed, integrated
life plan for meeting those needs. In addition to developing planning scenarios to help clients meet their
short and long-term financial goals, our financial planning services include:
• General Financial Planning
• Net Worth Analysis
• Investment Strategy and Asset
Allocation Analysis
• Cash Flow and Savings Analysis
• Education Planning
• Insurance Analysis
• Retirement Planning and Scenario
Analysis
• Tax Planning
• Estate Documents Consultation
With respect to estate planning and tax planning, our role shall be that of a facilitator between you and your
designated professional adviser(s).
Trustee Services
In limited circumstances, we may serve as trustee for select clients and their related trusts.
Miscellaneous
When performing the consulting and/or planning services as described above, we are neither your attorneys
nor your accountants and no portion of any consulting/planning services rendered by us should be
interpreted by you as legal or accounting advice. We recommend that you seek the advice of a qualified
attorney and accountant.
Centerpoint may recommend the services of itself and/or other professionals to implement its
recommendations. Clients are advised that a conflict of interest exists if Centerpoint recommends the
services of itself, as the receipt of additional compensation may provide an incentive to recommend its own
services over that of an unaffiliated entity or professional. The client is under no obligation to act upon any
of the recommendations made by Centerpoint under a consulting/planning engagement or to engage the
services of any such recommended professional, including Centerpoint itself. Clients retain absolute
discretion over all such consulting/planning services and are free to accept or reject any of Centerpoint’s
recommendations. Please note that if the client engages any unaffiliated recommended professional, and
a dispute arises thereafter relative to such engagement, the client agrees to seek recourse exclusively from
and against the engaged professional.
Client Obligations
In performing its services, Centerpoint shall not be required to verify any information received from the client
or from the client’s other professionals, and is expressly authorized to rely thereon. Moreover, each client
is advised that it remains his/her/its responsibility to promptly notify Centerpoint if there is ever any change
in his/her/its financial situation or investment objectives for the purpose of reviewing/evaluating/revising
Centerpoint’s previous recommendations and/or services.
Retirement Rollovers
A client leaving an employer typically has four options (and may engage in a combination of these options):
i) leave the money in his former employer’s plan, if permitted, ii) roll over the assets to his or her new
employer’s plan, if one is available and rollovers are permitted, iii) rollover to an IRA, or iv) cash out the
account value (which could, depending upon the client’s age, result in adverse tax consequences).
Centerpoint may recommend an investor roll over plan assets to an Individual Retirement Account (IRA)
managed by Centerpoint. As a result, Centerpoint and its representatives may earn an asset-based fee. In
contrast, a recommendation that a client or prospective client leave his or her plan assets with his or her
old employer or roll the assets to a plan sponsored by a new employer will generally result in no
compensation to Centerpoint (unless you engage Centerpoint to monitor and/or manage the account while
maintained at your employer). Centerpoint has an economic incentive to encourage an investor to roll plan
assets into an IRA that Centerpoint will manage or to engage Centerpoint to monitor and/or manage the
account while maintained at your employer. There are various factors that Centerpoint may consider before
recommending a rollover, including but not limited to: i) the investment options available in the plan versus
the investment options available in an IRA, ii) fees and expenses in the plan versus the fees and expenses
in an IRA, iii) the services and responsiveness of the plan’s investment professionals versus Centerpoint,
iv) protection of assets from creditors and legal judgments, v) required minimum distributions and age
considerations, and vi) employer stock tax consequences, if any. No client is under any obligation to rollover
plan assets to an IRA managed by Centerpoint or to engage Centerpoint to monitor and/or manage the
account while maintained at your employer. Please Note: If Centerpoint’s engagement will include the
management of the client’s retirement account per the same fee schedule set forth in Item 5 below,
regardless of custodian or the client’s decision to process a rollover, the above economic incentive to
recommend a rollover is moot.
When we provide investment advice to you regarding your retirement plan account or individual retirement
account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act
and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way
we make money creates some conflicts with your interests, so we operate under a special rule that requires
us to act in your best interest and not put our interest ahead of yours. Centerpoint’s Chief Compliance
Officer, Jennifer M. Wolfsberg, remains available to address any questions that a client or prospective client
may have regarding the above and the corresponding conflict of interest presented by such engagement.