About the Firm
Stewardship Advisory Group, LLC is a registered investment adviser located in Clermont, Florida. We
began offering our services in February 2013, although our Founder has over 30 years of experience as a
Financial Advisor. Our owner is Jeff Rogers, CKA®, CEP®.
Description of Advisory Services
Our services include fee-based Comprehensive Wealth Management and Consultation Services,
Investment Management services, the Referral to Third Party Investment Managers, Bundled Financial
Planning and Investment Management Services and Employer Sponsored Qualified Retirement Plan
services. We also provide presentations on general topics such as Stewardship and Wealth Management
and Investing through Seminars and Educational Workshops. We offer sub-advisory services to
unaffiliated third-party advisors.
When providing individualized services, we will review your present financial situation, goals, objectives,
time horizons and other aspects affecting your overall financial needs. We will advise you on your
present situation and how it affects your total wealth management goals, track progress towards short-
term goals and how they relate to your long-range goals and objectives.
Through our affiliate, Stewardship Legacy Coaching, LLC, we also provide information and guidance on
Stewardship Legacy Coaching, Family Legacy, Business Legacy and Wealth Management issues for the
public and donors of Christian ministries and other Non-Profit Organizations.
Because Stewardship Legacy Coaching requires expert counsel in the Legal, Tax and Financial disciplines,
we work collaboratively with our client’s Estate Planning Attorney, Tax Professional or other
Professional Advisors. We believe this Multi-Disciplinary approach creates additional value for our
clients. Each of your other Professional Advisors will maintain their own professional independence and
will charge you separate fees outlined in your Engagement Agreement with them.
Comprehensive Wealth Management and Consultation Services
We offer a variety of Wealth Management and Consultation Services. These services are described
further below. Clients may select any combination of these services that is appropriate for their needs
or may opt for a Comprehensive Plan that includes multiple modules.
• RETIREMENT ANALYSIS
From wise investment selection within your 401k and pension plans, to tax and change-of-lifestyle
issues, our goal is to help you enter your golden years with greater clarity & confidence.
• INVESTMENT PLANNING & ASSET ALLOCATION
Are your investments performing the way you want them to? Do you have proper asset allocation
and good diversification? Are your investments in alignment with your values? Our investment
process will help you position your assets to meet your needs for growth and provide income to
meet your objectives.
• SURVIVOR NEEDS & RISK MANAGEMENT ANALYSIS (INCLUDING LIFE, DISABILITY & LONG TERM
CARE INSURANCE EVALUATION)
Insurance is the all-too-often missing piece of the financial plan, and one that can lead to a quick
financial ruin. We will help you determine the right amount and best type of coverage, helping to
prepare you for life’s unfortunate events. Additionally, we can help you get the best value as you
manage these risks.
• ESTATE PLAN ANALYSIS
For people with large estates, the IRS can take as much as 40% or more in Federal Estate and IRD
Taxes. The good news is estate taxes can be reduced or even eliminated through proper planning.
We have a high degree of expertise in Zero Estate Tax Planning and can assist you and your family in
this important area.
• COLLEGE EDUCATION PLANNING
Your children or grandchildren may still be in diapers, but it is never too soon to begin planning for
their education. The cost of a College Education has gotten much more expensive in recent years
and the costs are expected to continue to increase. One of the greatest Blessings a parent or
grandparent can give their loved ones is financial assistance in an education that will help them earn
a living in the years to come (whether that is traditional college education, trade school,
apprenticeship, etc.) How much do we need to invest to reach our goals? What type of investments
should we use to fund education? Stewardship’s team will help find the best plan for you and your
family.
• STRATEGIC AND TACTICAL TAX PLANNING
As the late Justice, Learned Hand once said; "Anyone may arrange his affairs so that his taxes shall
be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is
not even a patriotic duty to increase one's taxes.”
It’s not what you make that counts, it’s what you keep. This is true not only about your current
income but also your future income from investments in your retirement or distribution years.
Most people make some critical and very costly strategic mistakes during their Accumulation years
that cost them thousands of dollars in unnecessary Taxes during their Distribution years. Our
Strategic and Tactical Tax Planning process can help you reduce or minimize your taxes!
• CASH FLOW ANALYSIS AND SPENDING PLAN
Many people, affluent or poor, don’t have a good handle on where their money is going. For many,
Proverbs 23:5 is true which says, “Money makes itself wings and flies away.” Proverbs 27:23-24
gives the answer; “Be diligent to know the state of your flocks…for riches are not forever.” Our Cash
Flow Analysis can help you create a Spending Plan that will allow you to control your money instead
of letting your money control you.
• ACCUMULATION AND MAJOR GOALS FUNDING
Do you have accumulation goals, dreams that you would like to save for? Do you want to “save first
and pay later” to avoid getting into debt? That is how previous generations did it and many of us
would be wise to “defer our gratification” and save the interest by wisely planning and saving for the
accomplishment of our goals.
• FINANCIAL FREEDOM AND DEBT REDUCTION PLANNING
Many Americans have realized that they, like our government, need to “balance our budget”. Many
have come to realize that being in Financial Bondage is not the way we want to live. If you want to
develop a Debt Reduction Plan and get on the Journey to True Financial Freedom, we can help you.
Investment Management Services
We offer investment management services, defined as providing continuous advice to you or making
investments for your individual needs.
We will survey you to determine your investment experience, liquidity requirements, and tolerance for
risk, as well as for general financial information. Your written risk profile then guides our customized
investment recommendations to help you achieve your goals.
You may instruct us to exclude certain securities on an individual basis or to impose reasonable
restrictions on your accounts. We have a special expertise in helping clients align their investments in a
Biblically Responsible or Morally Responsible manner.
In order for us to provide ongoing services, you are responsible to advise us, in writing, of changes in
your financial status, modifications to your Account Objective, specific investment restrictions if
applicable, special reports required if any, and material changes, such as a change of address or marital
status.
Stewardship Advisory Group, LLC works with various third-party service providers, including, among
others, Envestnet, Inc., to help support the operational needs of managing and servicing Client accounts.
Authority provided to the outsourced service providers may include but is not limited to placing
transactions with broker-dealers at the direction of Stewardship Advisory Group, LLC, opening accounts
with Client’s account custodian, and facilitating operational requests on the Client’s behalf based on
instructions provided by associated persons of Stewardship Advisory Group, LLC. When providing these
services, the third-party service provider is acting as an agent of Stewardship Advisory Group, LLC.
As of December 31, 2022, we had $328 Million of discretionary assets under management.
You are obligated to contact Stewardship Advisory Group, LLC. promptly if there have been any changes
in your current financial status information to determine if there needs to be a change in financial and
investment objectives and/or strategies.
You may call the office at any time during normal business hours to discuss directly with an Advisory
Representative of Stewardship Advisory Group, LLC. your account, financial situation or investment
needs.
For investment clients, you will receive transaction statements as they may occur, and a quarterly
statement of the account from the custodian or brokerage firm. Additionally, we may prepare a
summary report or a wealth plan, depending upon the type of engagement and as you may request.
Referral to Third Party Managers
We have entered agreements with leading third-party money managers for professional management of
client accounts. We will not refer you to a money manager unless the money manager is registered or
exempt from registration as an investment advisor in your State of residence. You may select a
recommended money manager based on your needs. We will be available to meet with you on a
continuous basis.
Depending on your needs, we may design your portfolio through the use of a Multi-Manager Unified
Managed Account (UMA) solution. The UMA allows your portfolio to be constructed using a dynamic
asset allocation strategy that may incorporate multiple money managers who are specialists in their
respective asset classes and who, in turn, purchase underlying investments on your part. A Multi-
Manager UMA strategy provides for simplified investment management with excellent, easily readable
performance and tax reporting.
We may receive a portion of the fee paid to the third-party money manager through a referral
relationship, which is further detailed on the Referral Disclosure Statement at the onset of your
relationship with the third-party money manager. The third-party
manager's services and the fees
involved in these programs are described in the third-party money manager’s Form ADV Part 2.
Seminars and Educational Workshops
We also provide information and guidance on general areas of Stewardship as well as Wealth
Management, Investments and Estate Planning issues for our clients and the public. Through our
affiliate, Stewardship Legacy Coaching, LLC.; we also offer seminars and workshops on Family Legacy,
Business Legacy, Charitable Giving and Generosity to the public and donors of Christian ministries and
other Non-Profit Organizations. We are available to provide helpful information and assistance to
financially successful families who are interested in using their financial blessings to help achieve their
unique eternal purpose. Assistance includes reviewing various ways families may link their financial
affairs with their Christian faith through optimizing stewardship or the empowerment of loved ones.
Services may include discussions and planning of the various ways families might wish to fulfill their
desire to help their community, their church and the ministries that are near and dear to their hearts.
Bundled Financial Planning and Investment Management Services
Our Financial Planning and Investment Management Services are available as bundled services List of
services will be customized based on the needs of the client. Services may include One-Time Planning
Fees, Ongoing Financial Planning and/or Investment Management Services.
Services to Employer Sponsored Retirement Plans
Stewardship Advisory Group, LLC provides investment advisory services to Employer Sponsored
Retirement Plans. The services we offer are described below.
Note, this section refers to an “RPF” which is the “Responsible Plan Fiduciary” under the Employee
Retirement Income and Security Act of 1974, as amended (“ERISA”), who is the person(s) with the
authority to enter into this Agreement on behalf of itself and the retirement plan (“Plan”) electing to
use our services.
ERISA Fiduciary Services
Assessment and/or Monitoring of Investments: Advisory Representative will conduct an initial and/or
periodic (no less than annually) review of Plan investments (including the Qualified Default Investment
Alternative) and investment options (including investment performance, fund expenses style drift, etc.)
offered by the Plan to participant. If and when necessary, Advisory Representative may provide
suggestions for alternative investment options to be made available under the Plan to its participants.
Investment Policy Statement Design: Advisory Representative will meet with the plan fiduciary to
gather information regarding the Plan’s specific investment policies and specific objectives and assist in
the development of a written Investment Policy Statement (“IPS”) that is designed to meet the
individualized needs of the Plan, the Participants and the covered employee workforce.
Participant Investment Advice: Advisory Representative may charge an additional level of fees for
providing this particular service.
Advisory Representative will meet at least annually with Plan Participants, who have elected to engage
Advisory Representative to deliver recommendations regarding the Plan Participant’s contributions and
allocations among investment options available within the Plan based upon the Plan Participant’s stated
financial circumstances, investment objectives and risk tolerance.
Selection of Investments: Advisory Representative will conduct an initial assessment of investment
options for the Plan, including Qualified Default Investment Alternatives and make recommendations
when deemed appropriate by Advisory Representative on the investment options available to Plan
participants (which decision shall remain the sole and exclusive decision of the Plan Fiduciary and/or
their delegate); advise the RPF on the nature and composition of each investment option including its
performance, risk, investment style, and management so that the RPF can satisfy itself that the
investment options constitute a “broad range of investment alternatives” within the meaning of Section
404(c) of ERISA.
Model Portfolios: Advisory Representative will create one or more risk-based model portfolios
comprised of the plan investment options. These models will be globally diversified portfolios that can
be implemented as single investment options on some of the recordkeeping platforms which may also
provide for rebalancing.
Advisory Representative will review the allocation models at least annually and may provide suggestions
to the RPF from time to time as deemed warranted by the Advisory Representative that the asset class
percentages be adjusted and/or the models be implemented with alternative investment options to be
made available under the Plan to its participants.
ERISA Non- Fiduciary Services- For these services, the Advisory Representative will not render
individualized investment advice to Plan Participants as part of this particular service and will not be
deemed an ERISA Fiduciary.
Employee Education: Advisory Representative will conduct initial and/or periodic (no less than annually)
informational meetings with Plan Participants and provide general investment education. In accordance
with the Department of Labor’s Interpretative Bulletin 96-1, the Advisory Representative may provide
Plan Participants with information about the Plan, general financial and investment information and
information and materials relating to asset allocation models available through the Plan. The Advisory
Representative may also provide Plan Participants with interactive investment materials to assist Plan
Participants in assessing their future retirement income needs and the impact of different asset
allocations on retirement income.
Employee Enrollment: Advisory Representative will conduct initial and/or periodic (no less than
annually) enrollment meetings with Plan Participants and provide employees with administrative and
educational information about the Plan.
Investment Policy Statement / Plan Review: Advisory Representative will meet with the RPF to gather
general information regarding the Plan’s investment policies and general objectives to assist the RPF in
developing a written Investment Policy Statement (“IPS”) as well as review the design and structure of
the Plan. If and when necessary, the Advisory Representative may provide suggestions to the RPF which
may include but are not limited to: changes to the structure and design of the Plan; strategies to
increase participant enrollment or strategies to improve participant education. This may be inclusive of
providing tools and resources to the RPF. The RPF acknowledges that Advisory Representative is not
providing specific, individualized investment recommendations in the IPS for the Plan.
Investment Research: Advisory Representative will conduct initial and/or periodic (no less than
annually) review of Plan investments and/or investment options and provide reference materials to the
RPF to assist the RPF in monitoring the relative performance of such investments relative to the policies
and investment objectives of the Plan’s IPS.
Reference material may include data such as: rate-of-return data, any updated fund information known
by Advisory Representative and comparative return information against the appropriate peer group.
Third Party Service Provider Liaison: Advisory Representative will act as liaison for the Plan and the RPF
on an as needed basis, when dealing with the trustee, custodian, plan actuary and other third party
service providers as directed by client.
Advisory Representative will meet with the RPF to assist with assessing current vendors identified and
selected by RPF. Advisory Representative may also assist in the preparation of Request for Proposals
(“RFPs”) from prospective new vendors and may assist the RPF in reviewing and comparing responses to
RFPs. Advisory Representative may offer suggestions for vendors who will provide fiduciary services
under ERISA, including investment advice.
Important Information about Service Providers
In an effort to enhance the quality and breadth of services that Stewardship Advisory Group, LLC
provides to its Clients, the firm utilizes a suite of digitally powered technology solutions offered by
FinLife Partners, a division of Goldman Sachs Personal Financial Management (“FinLife Partners”).
FinLife Partners provides access to its technology platform, and if elected by Stewardship Advisory
Group, LLC certain clerical document and data compilation services. FinLife Partners is not in any way
involved in or responsible for, the individual investment management or guidance provided to Clients.
Stewardship Advisory Group, LLC pays FinLife Partners a flat fee for its technology implementation
services and fees calculated per percentage-basis formula in accordance with the volume of clients for
whom Stewardship Advisory Group, LLC utilizes such services and/or products. As such, for certain
services offered, Clients indirectly contribute to the payment of cost of services paid to FinLife Partners.
Relating to the cost for services, Stewardship Advisory Group, LLC is financially incentivized to refer
clients to Goldman Sachs Personal Financial Management, creating a conflict of interest.
9
Sub-Advisory Services to Third-Party Advisors
Stewardship Advisory Group (“Stewardship”) has created and manages 7 risk-based Biblically
Responsible Investing models that it makes available on the Envoy Financial 403b platform. These
models are known as the “Stewardship BRI Models”. This relationship is called a Sub-Advisory
relationship.
When Advisors of Stewardship Advisory Group recommend these models to clients, this represents the
potential for a conflict of interest. Stewardship plans to manage and mitigate this potential for conflict
of interest by adhering to a fiduciary standard of care…always doing what is in the best interest of the
client.
Through our Sub-Advisory relationship, unaffiliated Advisors may opt to invest their clients in the
Stewardship BRI Models.