FIRM DESCRIPTION
ZRC Wealth Management, LLC (“ZRC”) is an independently owned Limited Liability Company founded in
1999 as an investment advisor registered with the U.S. Securities and Exchange Commission (SEC). ZRC
provides fee-only, investment advisory, discretionary portfolio management, and comprehensive financial
planning services. ZRC specializes in helping investors create long-term wealth and fund their life’s goals.
ZRC’s investment approach is based on timeless economic principles and academically proven investment
strategies.
The firm is 100% owned by Barry Mendelson.
Advice is provided through consultation with the client and may also include: determination of financial
objectives, identification of financial problems, cash flow management, investment management, education
funding, retirement planning, and estate planning.
ZRC is a fee-only investment management firm. The firm does not participate in wrap fee programs, nor
does it sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned
products. The firm is not affiliated with entities that sell financial products or securities. No commissions in
any form are accepted. No finder’s fees are accepted.
The initial meeting, which may be by telephone, is free of charge and is considered an exploratory
interview to determine the extent to which financial planning and investment management may be
beneficial to the investor.
WEALTH ADVISORY SERVICES OFFERED
INVESTMENT ADVISORY, WEALTH ADVISORY, & DISCRETIONARY PORTFOLIO MANAGEMENT
ZRC provides investment advice and discretionary portfolio management to individuals, families, high net-
worth investors, pension and profit-sharing plans, trusts, estates, and small businesses. Through personal
discussions about goals, objectives, risk tolerance, and other considerations, ZRC develops a personalized
investment plan (which is often referred to as the Investment Policy). ZRC then manages the client’s
portfolio based on that policy and works with the client to further their financial goals.
ZRC will typically create a portfolio of no-load or load-waived mutual funds, exchange traded funds,
exchange traded notes, and other securities to achieve the client’s goals and reflect their investment policy
statement. ZRC will allocate the client’s assets among various asset classes, taking into consideration the
investment risk-tolerance of the client.
Mutual funds will be selected on the basis of any or all of the following criteria: the fund’s performance
history; the industry sector in which the fund invests; the track record of the fund’s manager; the correlation
to other funds; the fund’s investment objectives; the fund’s management style and philosophy; and the
fund’s management fee structure. Each client’s individual needs and circumstances will determine portfolio
weighting between equity and fixed income. Clients will have the opportunity to place reasonable
restrictions on the types of investments which will be made on the client’s behalf. Clients will retain
ownership of all securities.
During its periodic reviews, if ZRC believes that a particular investment is performing inadequately, or if
ZRC believes that a different investment is more suitable for the client’s account, then ZRC will replace it.
ZRC monitors client accounts frequently including the individual investments held. ZRC reviews each
portfolio at least four times a year to determine if the accounts need to be rebalanced.
Some accounts are reviewed and rebalanced more frequently when appropriate.
The annual fee for these services is based on a percentage of the investable assets according to the
following schedule:
1.00% on the first $1,000,000 plus
0.80% on the next $1,000,000 (from $1,000,001 to $2,000,000) plus
0.60% on the next $3,000,000 (from $2,000,001 to $5,000,000) plus
0.40% on the next $5,000,000 (from $5,000,001 to $10,000,000) plus
0.25% on the assets above $10,000,000
While ZRC does not require a minimum level of investment assets, there is a minimal annual fee of
$5,000. At our discretion, we may waive this minimum or negotiate a different fee schedule based on the
nature of the client relationship. The exact fee schedule will be approved by the client in their advisory
agreement at the inception of the relationship.
Fees are due and payable in advance on the first day of each calendar quarter and are based on the value
of the portfolio. Fees for clients that were formerly clients of Just Plans are due and payable in arrears on
the last day of each calendar quarter and are based on the value of the portfolio. From time to time, we
negotiate alternative fee schedules. Clients that were previously clients of Northgate Advisors, Just Plans,
Elevation Wealth Management, Jacobson Wealth Management or Phocas Financial may have a different
fee schedule.
Family pricing may be available where fees are calculated based on the total assets managed for the
family group. Family members may include parents, children, grandchildren, siblings, and cousins.
We will deduct our fee directly from your account through the qualified custodian holding your funds and
securities. We will deduct our fee only when the following requirements are met:
▪ You provide our firm with written authorization permitting the fees to be paid directly from your
account held by the qualified custodian.
▪ We send you an invoice showing the amount of the fee, the value of the assets on which the fee is
based, and the specific manner in which the fee was calculated.
▪ The qualified custodian agrees to send you a statement, at least quarterly, indicating all amounts
dispersed from your account including the amount of the advisory fee paid directly to our firm.
In addition to the advisory and portfolio management services detailed above, ZRC also manages qualified
retirement accounts, such as 401(k), 403(b), and 457 accounts through Pontera. These accounts benefit
from our professional
management and are subject to the same review processes as other assets. Fees for
managing these accounts are assessed quarterly based on the account's end-of-quarter value and
prorated for partial periods. For these accounts, due to their nature, fees are allocated to the client's
taxable accounts or billed directly in the absence of a taxable account.
You may terminate the Relationship Agreement upon 30-day written notice to our firm. You will incur a pro
rata charge for services rendered prior to the termination of the agreement, which means you will incur
advisory fees only in proportion to the number of days in the quarter that you are a client.
We encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian.
If you find any inconsistent information, please call our main office number located on the cover page of
this brochure.
COMPREHENSIVE FINANCIAL PLANNING
ZRC offers Comprehensive Financial Planning services. Here, a financial planner at the firm works with the
client to gather information and develop a comprehensive financial plan using industry leading software.
The following areas may be considered or addressed in the financial plan:
▪ Investment & Portfolio Analysis
▪ Retirement Planning
▪ Stock Option & Equity Comp Planning
▪ Education Planning
▪ Estate Planning Needs Analysis
▪ Life or Career Change
▪ Tax Planning
▪ Insurance & Risk-Management Analysis
▪ Employee Benefits Analysis
▪ Executive Benefits
▪ Home Financing and Mortgage Analysis
▪ Large Purchase Analysis
▪ Debt Management
▪ Cash Flow & Budgeting
For most clients, financial planning is provided at no additional charge. For others, financial planning
services are offered at the rate of $250/hour and subject to a two-hour minimum. Plan fees typically range
from $2,000 to $20,000. An estimate of the total time/cost will be determined at the start of the relationship
based on the scope and complexity of the plan, your situation, and your financial goals.
You may terminate the Financial Planning Agreement by providing written notice to our firm. You will be
charged for hourly services that have been provided prior to the termination of the Financial Planning
Agreement. We will not require prepayment of a fee in excess of $1,200 for services not performed within 6
months of the initial engagement. You will be entitled to receive a refund for fees and hours unused.
ACCOUNT ADMINISTRATOR
For some clients, ZRC retains an independent third-party account administrator Buckingham Strategic
Partners, LLC that performs certain services, such as account administration, portfolio allocation analysis,
asset-class investment strategy, back-office fulfillment, report and statement production, and fee debiting.
Such services are paid directly through advisory fees billed to the client. Buckingham Strategic Partners,
LLC is an investment adviser registered with the Securities and Exchange Commission.
Buckingham Strategic Partners, LLC may also sponsor educational seminars for the benefit of ZRC and its
clients. Such educational seminars provide ZRC with access to information and ideas regarding practice
development, client servicing, investment strategy, relationship management and financial planning.
Attendance expenses associated with such educational seminars may be paid or reimbursed, either in
whole or in part, by Buckingham Strategic Partners, LLC.
ZRC may recommend, where appropriate, a client invest in shares of the SA Funds – Investment Trust
(the “SA Funds”), a family of ten asset class mutual funds advised, managed and administrated by
Buckingham Strategic Partners, LLC (and co-managed by Dimension Fund Advisors). Fees are not
charged directly on investments in the SA Funds. Buckingham Strategic Partners, LLC does not charge
fees directly on investments into the SA Funds because Buckingham Strategic Partners, LLC receives
certain fees and expenses directly from the SA Funds for its services as disclosed in that Fund’s
prospectus.
SELECTION OF OTHER ADVISERS
As part of our investment advisory services, we may recommend that you use the services of a third party
money manager (“MM”) to manage all, or a portion of, your investment portfolio. In selecting a MM, we will
ensure that the MM is properly licensed or registered as an investment adviser.
After gathering information about your financial situation and objectives, we may recommend that you
engage a specific MM or investment program. Factors that we take into consideration when making our
recommendation(s) include, but are not limited to, the following: the MM’s performance, methods of
analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will
periodically monitor the MM(s)’ performance to ensure its management and investment style remains
aligned with your investment goals and objectives.
We do not charge a separate fee for the selection of other advisers. We will not share in the advisory fee you
pay directly to the MM. The advisory fee you pay to the MM is established and payable in accordance with the
brochure provided by each MM to whom you are referred. These fees may or may not be negotiable.
You will be required to sign an agreement directly with the recommended MM(s). You may terminate your
advisory relationship with the MM according to the terms of your agreement with the MM. You should review
each MM’s brochure for specific information on how you may terminate your advisory relationship with the MM
and how you may receive a refund, if applicable. You should contact the MM directly for questions regarding
your advisory agreement with the MM.
Assets Under Management
As of February 28, 2024, ZRC manages $483,111,794 in client assets on a discretionary basis and
$1,987,323 in client assets on a non-discretionary basis. Total firm AUM: $485,099,117.
You should be aware that lower fees for comparable services may be available from other providers.