General Information
Kiker Wealth Management, LLC (“KWM”) was formed in 2010 and provides financial planning and
portfolio management services to our clients.
Paul K. Kiker, Jr. is the sole principal owner of KWM. Please see Brochure Supplements, Exhibit A,
for more information on Mr. Kiker and other individuals who formulate investment advice and have
direct contact with clients or have discretionary authority over client accounts.
As of December 31, 2023, KWM managed $161,542,388 on a discretionary basis, and does not
manage any assets on a non-discretionary basis. KWM does not participate in or offer any wrap
programs.
SERVICES PROVIDED
At the outset of each client relationship, we spend time with you, asking questions, discussing your
investment experience and financial circumstances, and broadly identifying your major goals.
You may elect to retain us to prepare a full financial plan. This written report is presented to you
for consideration. In most cases, clients subsequently retain us to manage their investment
portfolio on an ongoing basis.
For those financial planning clients making this election, and for other clients who do not need
financial planning but retain us for portfolio management services, based on all the information
initially gathered, we generally develop:
• a financial outline for you based on your financial circumstances and goals, and your risk
tolerance level (the “Financial Profile” or “Profile”); and
• your investment objectives and guidelines (the “Investment Plan” or “Plan”).
The Financial Profile is a reflection of your current financial picture and a look to your future goals.
The Investment Plan outlines the types of investments we will make on your behalf to meet those
goals. The Profile and the Plan are discussed regularly with you but are not necessarily written
documents.
Financial Planning
One of the services offered by us is financial planning, described below. This service may be
provided as a stand-alone service or may be coupled with ongoing portfolio management.
Financial planning generally includes advice that addresses one or more areas of a client's financial
situation, such as estate planning, risk management, budgeting and cash flow controls, retirement
planning, education funding, and investment portfolio design and ongoing management. Depending
on your particular situation, financial planning may include some or all of the following:
• Gathering factual information concerning your personal and financial situation;
• Assisting you in establishing financial goals and objectives;
• Analyzing your present situation and anticipated future activities in light of your financial
goals and objectives;
• Identifying problems foreseen in the accomplishment of these financial goals and objectives
and offering alternative solutions to the problems;
• Making recommendations to help achieve retirement plan goals and objectives;
• Designing an investment portfolio to help meet your goals and objectives;
• Providing estate planning;
• Assessing risk and reviewing basic health, life and disability insurance needs; or
• Reviewing goals and objectives and measuring progress toward these goals.
Once financial planning advice is given, you may choose to have us implement your financial plan
and manage your investment portfolio on an ongoing basis. However, you are under no obligation
to act upon any of the recommendations made by us under a Financial Planning engagement and/or
engage the services of any recommended professional.
Portfolio Management
As described above, at the beginning of a client relationship, we meet with you, gather information
and perform research and analysis as necessary to develop your Investment Plan. The Investment
Plan will be updated from time to time when requested by you, or when determined to be
necessary or advisable by us based on updates to your financial or other circumstances.
To implement your Investment Plan, we will manage your investment portfolio on a discretionary
basis. As a discretionary investment adviser, we will have the authority to supervise and direct
your portfolio without prior consultation with you.
Notwithstanding the foregoing, you may impose certain written restrictions on us in the
management of your investment portfolio, such as prohibiting the inclusion of certain types of
investments in an investment portfolio or prohibiting the sale of certain investments held in the
account at the commencement of the relationship. You should note, however, that restrictions
imposed by you may adversely affect the composition and performance of your investment
portfolio. You should also note that your investment portfolio is treated individually by giving
consideration
to each purchase or sale for your account. For these and other reasons, performance
of your investment portfolio within the same investment objectives, goals and/or risk tolerance
may differ and you should not expect that the composition or performance of your investment
portfolio would necessarily be consistent with similar clients of ours.
Retirement Plan Advisory Services
Establishing a sound fiduciary governance process is vital to good decision-making and to ensuring
that prudent procedural steps are followed in making investment decisions. We will provide
Retirement Plan consulting services to Plans and Plan Fiduciaries as described below. The
particular services provided will be detailed in the consulting agreement. The appropriate Plan
Fiduciary(ies) designated in the Plan documents (e.g., the Plan sponsor or named fiduciary) will (i)
make the decision to retain our firm; (ii) agree to the scope of the services that we will provide; and
(iii) make the ultimate decision as to accepting any of the recommendations that we may provide.
The Plan Fiduciaries are free to seek independent advice about the appropriateness of any
recommended services for the Plan. Retirement Plan consulting services may be offered
individually or as part of a comprehensive suite of services.
The Employee Retirement Income Security Act of 1974 (“ERISA”) sets forth rules under which Plan
Fiduciaries may retain investment advisers for various types of services with respect to Plan assets.
For certain services, KWM will be considered a fiduciary under ERISA. For example, we will act as
an ERISA § 3(21) fiduciary when providing non-discretionary investment advice to the Plan
Fiduciaries by recommending a suite of investments as choices among which Plan Participants may
select. Also, to the extent that the Plan Fiduciaries retain us to act as an investment manager within
the meaning of ERISA § 3(38), we will provide discretionary investment management services to
the Plan.
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 of 1974 (“ERISA”) 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 interests ahead of yours. Additional disclosure may be found elsewhere in this Brochure or in
the written agreement between KWM and Client.
Fiduciary Consulting Services
• Investment Selection Services
We will provide Plan Fiduciaries with recommendations of investment options consistent
with ERISA section 404(c). Plan Fiduciaries retain responsibility for the final determination
of investment options and for compliance with ERISA section 404(c).
• Non-Discretionary Investment Advice
We provide Plan Fiduciaries and Plan Participants general, non-discretionary investment
advice regarding asset classes and investments.
Fiduciary Management Services
• Discretionary Investment Selection Services
We will monitor the investment options of the Plan and add or remove investment options
for the Plan without prior consultation with the Plan Fiduciaries. We will have discretionary
authority to make and implement all decisions regarding the investment options that are
available to Plan Participants.
Non-Fiduciary Services
• Participant Education
We will provide education services to Plan Participants about general investment principles
and the investment alternatives available under the Plan. Education presentations will not
take into account the individual circumstances of each Plan Participant and individual
recommendations will not be provided unless a Plan Participant separately engages us for
such services. Plan Participants are responsible for implementing transactions in their own
accounts.
• Participant Enrollment
We will assist with group enrollment meetings designed to increase retirement Plan
participation among employees and investment and financial understanding by the
employees.
General Consulting
In addition to the foregoing services, we may provide general consulting services to clients. These
services are generally provided on a project basis, and usually include, without limitation, cost basis
research, limited estate planning, budget planning, review of a client’s non-managed accounts such
as 401(k)s as well as other matters specific to the client as and when requested by the client and
agreed to by KWM. The scope and fees for consulting services will be negotiated with each client at
the time of engagement for the applicable project.