We specialize in the following types of services: Asset Management, Financial Planning & Consulting,
and Retirement Plan Consulting. We are dedicated to providing individuals and other types of clients
with a wide array of investment advisory services. Our firm is a corporation formed in the State of
Maryland. Our firm has been in business as an investment adviser since 2013 and is wholly owned
by Jeffrey Yeakle. Prior to the founding of MY Wealth Management, Inc., Mr. Yeakle was in business
with John P. McGlaughlin as McGlaughlin Yeakle from 2004 to 2013.
The purpose of this Brochure is to disclose the conflicts of interest associated with the investment
transactions, compensation and any other matters related to investment decisions made by our firm
or its representatives. As a fiduciary, it is our duty to always act in the client’s best interest. This is
accomplished in part by knowing our client. Our firm has established a service-oriented advisory
practice with open lines of communication for many different types of clients to help meet their
financial goals while remaining sensitive to risk tolerance and time horizons. Working with clients to
understand their investment objectives while educating them about our process, facilitates the kind
of working relationship we value.
Description of the Types of Advisory Services We Offer
Asset Management:
As part of our Asset Management service, a portfolio is created, consisting of individual stocks, bonds,
exchange traded funds (“ETFs”), options, mutual funds and other public and private securities or
investments. The client’s individual investment strategy is tailored to their specific needs and may
include some or all of the previously mentioned securities. Portfolios will be designed to meet a
particular investment goal, determined to be suitable to the client’s circumstances. Once the appropriate
portfolio has been determined, portfolios are continuously and regularly monitored, and if necessary,
rebalanced based upon the client’s individual needs, stated goals and objectives.
Wrap Asset Management & Investor Directed Wrap Asset Management:
We only offer Wrap Asset Management and Investor Directed Wrap Asset Management to legacy
clients who have already engaged us for this service. All new clients will be required to execute a
Non-Wrap Agreement in order to engage our firm for investment advisory services.
Financial Planning & Consulting:
Financial planning is a comprehensive evaluation of a client's financial situation using currently
known facts and variables. We create a personalized, detailed financial plan for the client, which is
designed to assist the client in achieving financial goals and objectives. We may also prepare special
reports at the client's request. A financial plan may address one or more of the following areas:
• Financial Position: Understanding of a client's current financial situation. Sources of
evaluation include income, expenses, assets, liabilities, etc.
• Protection Planning: Uncovering financial risks related to catastrophic losses.
• Investment Planning: Determining the most suitable way to structure investments to meet
financial goals.
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• Retirement Planning: Assessing retirement needs to help a client determine how much to
accumulate, as well as distribution strategies designed to create a source of income during
retirement years.
• Estate Planning: Helping plan for a smooth transition of a client's estate.
We gather information through in-depth personal interviews and review of documents provided by
the client, including questionnaires. Information gathered includes the client's current financial
status, future goals, investment objectives, risk tolerance, and family circumstances.
Typical financial planning services include one or more of each of the aforementioned service
components and generally take a minimum of 3 hours for the initial data collection and 2 hours of
additional time per service component during the course of the year to complete. A financial plan
may require
the services of a specialist such as an estate attorney, insurance specialist, or tax
accountant. We may recommend third-party service providers, but the client is under no obligation
to use any service provider recommended by us. Likewise, the client is under no obligation to act on
our financial planning recommendations.
Retirement Plan Consulting:
Our firm provides retirement plan consulting services to employer plan sponsors on an ongoing
basis. Generally, such consulting services consist of assisting employer plan sponsors in establishing,
monitoring and reviewing their company's participant-directed retirement plan. As the needs of the
plan sponsor dictate, areas of advising could include: investment options, plan structure and
participant education.
Retirement Plan Consulting services typically include:
• Establishing an Investment Policy Statement – Our firm will assist in the development of a
statement that summarizes the investment goals and objectives along with the broad
strategies to be employed to meet the objectives.
• Investment Options – Our firm will work with the Plan Sponsor to evaluate existing
investment options and make recommendations for appropriate changes.
• Asset Allocation and Portfolio Construction – Our firm will develop strategic asset allocation
models to aid Participants in developing strategies to meet their investment objectives, time
horizon, financial situation and tolerance for risk.
• Investment Monitoring – Our firm will monitor the performance of the investments and
notify the client in the event of over/underperformance and in times of market volatility.
In providing services for retirement plan consulting, our firm does not provide any advisory services
with respect to the following types of assets: employer securities, real estate (excluding real estate
funds and publicly traded REITS), participant loans, non-publicly traded securities or assets, other
illiquid investments, or brokerage window programs (collectively, “Excluded Assets”).
All retirement plan consulting services shall be in compliance with the applicable state laws
regulating retirement consulting services. This applies to client accounts that are retirement or other
employee benefit plans (“Plan”) governed by the Employee Retirement Income Security Act of 1974,
as amended (“ERISA”). If the client accounts are part of a Plan, and our firm accepts appointment to
provide services to such accounts, our firm acknowledges its fiduciary standard within the meaning
of Section 3(21) or 3(38) of ERISA as designated by the Retirement Plan Consulting Agreement with
respect to the provision of services described therein.
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Tailoring of Advisory Services
We offer individualized investment advice to clients utilizing our Asset Management services.
Additionally, we offer general investment advice to clients utilizing our Financial Planning &
Consulting and Retirement Plan Consulting.
Each Asset Management client has the opportunity to place reasonable restrictions on the types of
investments to be held in the portfolio. Restrictions on investments in certain securities or types of
securities may not be possible due to the level of difficulty this would entail in managing the account.
Restrictions would be limited to our Asset Management service; clients utilizing our Investor
Directed Wrap Asset Management service will not be able to place restrictions.
Participation in Wrap Fee Programs
Our firm only offers wrap fee accounts to our legacy clients, which are managed on an individualized
basis according to the client’s investment objectives, financial goals, risk tolerance, etc. Clients who
have already engaged our firm for this service have received our Appendix 1 to Form ADV 2A: Wrap
Fee Program Brochure. Our firm will not offer Wrap services to clients moving forward.
Regulatory Assets Under Management
As of July 30th, 2023, our firm manages $128,043,000 on a discretionary basis and $3,755,000 on a
non-discretionary basis.