INTRODUCTION
Saddock Wealth, LLC has been a registered Investment Adviser since March 2012. We are notice filed in our home
state of Texas, which means we are registered to do business in this state. We can conduct business in other states by
claiming an exemption from registration or Notice Filing as required. Our registration as an Investment Adviser does
not imply any level of skill or training. The oral and written communications we provide you, including this Brochure,
constitute material that you can use to evaluate us and other advisers. This Brochure provides information about our
qualifications and business practices.
We hold ourselves to a fiduciary standard, which means our firm and its associates will act in the utmost good faith
and perform in a manner believed to be in the best interest of our clients. As fiduciaries, we are obligated to put you –
our client – first. We feel this sets us apart from other types of firms in the securities industry, broker/dealers, for
example, that may be held to a perhaps lesser “suitability” standard. Such firms may not be required under current
regulation to place clients’ interests ahead of their own or to fully disclose conflicts of interest involving their
recommendations to clients.
OWNERSHIP
Saddock Wealth, LLC was formed as a limited liability company in 2011 and is headquartered in Dallas, Texas. David
G. Saddock is the Managing Member of Saddock Wealth, LLC.
ADVISORY SERVICES OFFERED
Saddock Wealth, LLC provides a range of investment advisory solutions to its clients. Our financial planning services
include working with our clients in such areas as risk management, retirement planning, employee benefits, college
financing, or other areas upon your request. Our investment management services involve oversight and advice on a
client’s investment portfolio and factors that may affect it. Such services are typically provided on an ongoing basis,
however, we can alternatively provide specific investment consultations regarding particular issues on non-recurring
occasions as requested.
We usually conduct an introductory meeting (either in person or by phone) where clients can acquaint us with their
goals and concerns, and where we can explain our services and processes, in order to recommend what type of
engagement might be appropriate. During or prior to this meeting, you will be provided with the firm’s current ADV
Part 2A brochure that incorporates our privacy policy, and you will receive an ADV Part 2B ‐ Brochure Supplement
(Advisory Personnel) from your investment adviser representative who will be assisting you. The firm will also ensure
any material conflicts of interest are disclosed regarding the firm and its associates that could be reasonably expected
to impair the rendering of unbiased and objective advice.
Should you wish to engage our firm, we will enter into a written agreement. Thereafter, discussion and analysis will
be conducted to determine your financial need, goals, holdings, etc. Depending on the scope of the engagement, we
may require current copies of the following documents early in the process.
• Wills, codicils, and trusts,
• Insurance policies,
• Mortgage information,
• Tax returns,
• Current financial specifics including W2s or 1099s,
• Information on current retirement plans and benefits provided by your employer,
• Statements reflecting current investments in retirement and non‐retirement accounts, and
• Completed risk profile questionnaires or other forms provided by our firm.
It is important that the information and financial statements you provide are accurate. At times we will, but are not
obligated to, verify the information you have provided to be used in the financial planning or investment advisory
process.
FINANCIAL PLANNING SERVICES
A description of our offered services is provided in the following paragraphs. Our services can be broad‐based
(sometimes coined “comprehensive planning”) or more narrowly focused as you desire. If several or all of the services
described are provided together, the total time needed to complete these services can be less than the time it would
take to complete each service separately because of the efficiency gained by combining more than one service.
Risk Management
Our services include an analysis of your exposure to major risks that could have a significant adverse impact on your
financial picture, such as premature death, disability, property and casualty losses, or the need for long-term care.
Advice is provided on ways to minimize such risks and about weighing the costs of purchasing insurance versus the
benefits of doing so and, likewise, the potential costs of not purchasing insurance (self-insuring).
When considered necessary, we consult with your insurance agent, other insurance agents or brokers and/or other
insurance experts to assist you in making prudent risk management decisions, or perhaps guide you in your purchase
of an appropriate policy. For example, we might recommend that you consider purchasing an “umbrella” insurance
policy, or raise a deductible amount on an existing policy, which you should then discuss with your licensed insurance
agent.
Retirement Planning
Our retirement planning services typically include projections of your likelihood of achieving your financial goals,
with financial independence usually the primary objective. If you are near retirement or already retired, the advice is
given on appropriate distribution strategies to minimize the likelihood of running out of money or having to adversely
alter spending during your retirement years.
Employee Benefits
We will provide review and analysis as to whether you, as an employee, are taking the maximum advantage possible
in your employee benefits. If you are a business owner, we will consider and/or recommend the various benefit
programs that can be structured to meet both business and personal retirement goals.
College Financing
Our college financing services often include projecting the amount that will be needed to achieve college or other
post‐secondary education funding goals, along with advice on ways for you to save the desired amount.
Recommendations as to savings strategies are included, and, if needed, we will review your financial picture as it
relates to eligibility for financial aid or the best way to contribute to grandchildren, if appropriate.
We always recommend that you consult with a qualified attorney when you initiate, update, or complete estate
planning activities. We can provide you with contact information for attorneys who specialize in estate planning when
you wish to hire an attorney for such purposes. From time‐to‐time, we will participate in meetings or phone calls
between you and your attorney with your approval or request.
INVESTMENT CONSULTATION
Our investment consultation services may involve providing information on the types of investment vehicles available,
employee stock options, investment analysis and strategies, asset selection and portfolio design, as well as assisting
you in establishing your own investment account at a selected broker/dealer or custodian (collectively, we term as
“service providers”) of your choosing. The strategies and types of investments we recommend are further discussed
in Item 8 of this brochure.
Whenever appropriate for your situation, we will assist you in preparing an Investment Policy Statement (IPS), or
similar document, reflecting your investment objectives, time horizon, tolerance for risk, as well as any account
constraints. Your IPS will be designed to be specific enough to provide future guidance
while concurrently allowing
flexibility to respond to changing market conditions. Since the IPS will to a large extent be a product of information
and data you have provided, you will be responsible for reviewing and providing final approval of the document/plan.
Comprehensive v. Modular Planning
Many variables can affect the cost of a plan: the organization of your records, complexity, and number of investments
you presently own, the type of insurance coverage you have, the potential size and scope of your estate, any special
needs your or dependents have, among others.
In certain circumstances where you request modular planning, we will concentrate on reviewing only a specific area
(modular planning) as you request, such as funding strategies for college, employer plan allocation strategies, etc.
Note that when these services focus only on certain areas of your interest or need, however, your overall situation or
needs may not be fully addressed due to limitations you have established.
We will present you with a summary of our recommendations, guide you in the implementation of some or all of them
as you require, and recommend periodic financial reviews or an ongoing engagement to keep you on track. Keep in
mind that unless your agreement states otherwise, upon completion of our presentation or delivery of advice our
engagement is typically concluded. You are always encouraged to contact our firm at any time in the future to re‐
engage our services.
Periodic Reviews
We strongly urge our clients to notify us of any change in their circumstances and to schedule a review any time there
is such a change. An annual review should be considered even if there is not a substantial change because tax laws,
estate laws, and insurance and investment products are rapidly evolving.
In all instances, you will retain discretion over implementation decisions and are free to accept or reject any
recommendation we make. Upon your request and when appropriate to do so, we provide referrals to various
professionals, such as an attorney or insurance agent. We do not have an agreement with or receive fees from these
professionals for these informal referrals. Any fees charged by these other entities for their services are completely
separate from advisory fees charged by our advisory firm. We encourage you to utilize any desired professional or
group of professionals for such services.
INVESTMENT MANAGEMENT SERVICES
You may also choose to use our firm to implement and oversee the investment strategies we have recommended to
you by engaging us to provide investment management services. Our investment management services include, but
are not limited to, the following:
• Investment strategy,
• Investment policy statement,
• Asset allocation,
• Asset selection,
• Risk tolerance assessments, and
• Regular portfolio monitoring.
We generally recommend an active investment management strategy and a broad range of investment vehicles, which
is described in further detail in Item 8 of this brochure. We generally provide these services under a discretionary
engagement agreement but do offer them on a non-discretionary basis. Discretionary authority allows our firm to
implement investment decisions in order to meet your stated account objectives, such as the purchase or sale of a
security on behalf of your account or the addition or termination of a third-party investment manager, without requiring
your prior authorization for each transaction. Services provided on a non-discretionary basis require your prior
approval for each transaction with regard to the investment and reinvestment of your account assets.
Investment management clients will be provided with an IPS or similar document that reflects their investment
objectives, time horizon, tolerance for risk, as well as any account constraints. If you already have an IPS, we will
ensure it is current and remains specific enough to provide future guidance while concurrently allowing flexibility to
respond to changing market conditions.
THIRD PARTY INVESTMENT MANAGER SELECTION SERVICES
In certain circumstances, we make recommendations that you utilize the services of a Third Party Investment Manager
(“TPM”) to manage your portfolio or that you terminate a TPM who is servicing all or part of your portfolio. If deemed
appropriate, we would recommend to you a TPM whose investment style is believed to be consistent with your
financial needs, investment goals, tolerance for risk, and stated investment objectives. On a regular basis thereafter a
due diligence review will be performed from both a compliance and performance perspective to determine that the
selected TPM remains an appropriate fit for the portfolio. We will review each TPM’s performance on a continuing
basis, as well as consider potential concerns or changes of TPM’s. We periodically review reports provided to you
and assist you in understanding and evaluating the services provided by the TPM. The TPM is granted discretionary
authority by you to manage and invest your assets.
The TPM may impose a minimum dollar amount of initial client assets for the investment advisory services as
disclosed in their management agreement. These minimums may be waived at the TPM's discretion.
Clients who are referred to TPM’s will receive full disclosure, including services rendered and fee schedules at the
time of the referral by delivery of a copy of the relevant TPM’s brochure or equivalent disclosure document, in addition
to the TPM's ADV Part 2A Brochure and privacy policy, prior to placing the assets with the TPM.
We will not share in any asset-based fee that an account is assessed by the TPM.
GENERAL INFORMATION
Our ability to provide our services depends on access to important information. Accordingly, it is necessary that you
provide us with an adequate level of information and supporting documentation throughout the term of the
engagement, including but not limited to sources of funds, income levels, and your (or your legal agent’s) authority
to act on behalf of the account, among other information. This helps us determine the appropriateness of our financial
planning or investment strategy for you.
It is also very important that you keep us informed of significant changes that may call for an update to your financial
and investment plans. Events such as job changes, retirement, a windfall, marriage or divorce, or the purchase or sale
of a home or business can have a large impact on your circumstances and needs.
We need to be aware of such events, so we can make the adjustments needed to your plan or advice in order to keep
you on track toward your goals.
We do not provide legal, accounting or insurance services through our firm. With your consent, we work with your
other advisers to assist with coordination and implementation of accepted strategies. You should be aware that these
other advisers will charge you separately for their services and these fees will be in addition to our advisory fees.
Our firm will use its best judgment and good faith effort in rendering its services. Saddock Wealth, LLC cannot
warrant or guarantee any particular level of account performance or that your account will be profitable over time.
Past performance is not necessarily indicative of future results.
WRAP FEE PROGRAM
Our firm does not participate in or sponsor wrap fee investment management programs.
CLIENT ASSETS UNDER MANAGEMENT
As of December 2023, Saddock Wealth, LLC has approximately $27,400,000 in discretionary assets and $99,300,000
in non-discretionary under management. Saddock Wealth, LLC has approximately $140,300,000 in assets under
advisement.