Concordia Wealth Management, LLC, (“Concordia”) is a registered investment advisor formed in
2012. Robert Rodriguez is the sole owner of Concordia.
Concordia provides wealth management services to its clients who include individuals, high net
worth individuals, trusts and corporations. Concordia helps clients achieve life goals through
the proper management of their financial resources. Concordia designs a client - specific
strategy for each client. In doing so, Concordia is concerned with data gathering, goal setting,
identification of financial and non-financial issues, and preparation of alternatives,
recommendations and implementation of and periodic reviews and revisions of a client’s plan.
Services provided by Concordia are dependent on the goals a client wishes to achieve. Services
can be integrated or limited to a specific goal.
The initial meeting with a prospective client is free of charge and is considered an exploratory
interview to determine the needs of a prospective client and Concordia’s ability and resources
to service such needs.
Concordia is strictly a fee-only firm. We do not receive commissions for purchasing or selling
annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned
products. We are not affiliated with entities that sell financial products or securities. No
commissions in any form are accepted. No finder’s fees are accepted.
Types of Agreements
The following agreements define our typical client relationships:
Financial Planning Agreement
A financial plan is designed to help the client with all aspects of financial planning without
ongoing investment management after the financial plan is completed.
The financial plan may include, but is not limited to: a net worth statement; a goal based cash
flow statement; a review of investment accounts, including reviewing asset allocation and
providing repositioning recommendations; a review of retirement accounts and plans including
recommendations; a review of insurance policies and recommendations for changes, if
necessary; one or more retirement scenarios; estate planning review and recommendations;
and education planning with funding recommendations.
Detailed investment advice and specific recommendations are provided as part of a financial
plan. Implementation of the recommendations is at the discretion of the client.
After delivery of a financial plan, future face-to-face meetings may be scheduled as necessary.
Investment Advisory Agreement
As an investment advisor, Concordia supervises and directs the investment of an account of a
client with prior consultation with the client. Concordia’s investment decisions and advice for
the account(s) it manages are in accordance with the objectives and guidelines agreed to with
the client. On a periodic basis, Concordia reviews, with the client, the account to ensure the
performance is consistent with the objectives and guidelines which were agreed to. Concordia
also reviews changes in a client’s circumstances or goals which may require that the investment
portfolio be adjusted.
Family Office Services Agreement
Under a family office services agreement, Concordia provides a highly customized list of
services to its clients. The scope of services provided depends on each family’s needs and
services revolve around the financial, philanthropic and human capital development needs of
our clients and their families. Our financial capital services
include but are not limited to
integrated financial planning, budget preparation and supervision, cash flow management,
investment management, estate planning, property management, tax preparation coordination
and trust services. Philanthropic services include strategic philanthropic planning, individual
philanthropy oversight and operations coordination. Human capital development services
include family governance, family mission formulation and review, leadership training
coordination and mentoring of future generations.
The scope of services to be provided under a family office services agreement is provided to the
client in writing prior to the start of the relationship.
Tailored Relationships
Our advisory services are individually tailored to the specific needs, goals and objectives for
each client. Clients may impose restrictions on investing in certain securities or types of
securities.
Agreements may not be assigned without client consent.
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
Concordia does not participate in a Wrap Fee Program.
Client Assets
As of December 31, 2023, Concordia manages $170,427,780 in assets under management;
$160,288,683 is managed on a discretionary basis and $10,139,097 is managed on a non-
discretionary basis.