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A. Shakespeare Wealth Management, LLC
Shakespeare Wealth Management, LLC (“Shakespeare”) is a Wisconsin limited liability company.
Shakespeare has been providing advisory services since 1999 and is primarily owned and
controlled by Kevin M. Reardon, and minority owned by Andrea Bulen, Brittany Hintz, Nicholas
Ziarek, Brian Ellenbecker, and Ryan Rink.
B. Advisory Services Offered
B.1. Portfolio Management Services
Shakespeare provides discretionary asset management of client funds based on the individual
needs of the client. Through personal discussions we determine the client’s individual objectives,
time horizons, risk tolerance, and liquidity needs. As appropriate, we may also review and
discuss a client’s prior investment history, as well as family composition and background. From
this we recommend, create, and manage a portfolio(s) to meet those objectives. We monitor the
portfolio on an ongoing basis. We rebalance portfolios on an ongoing basis with each security
being allowed to fluctuate within predetermined volatility bands before a rebalance review is
triggered. We implement our portfolio management services with model portfolios as further
described in Item 8 of this brochure.
In addition to providing Shakespeare with information regarding their personal financial
circumstances, investment objectives and tolerance for risk, clients have the right to provide the
firm with any reasonable investment restrictions that should be imposed on the management of
their portfolio, and to promptly notify the firm in writing of any changes in such restrictions or in
the client's personal financial circumstances, investment objectives, goals and tolerance for risk.
Shakespeare will also contact clients at least annually to determine whether there have been any
changes in a client's personal financial circumstances, investment objectives and tolerance for
risk.
B.2. Financial Planning and Consulting Services
Financial planning is a comprehensive evaluation of a client’s current and future financial state
by using currently known variables to predict future cash flows, asset values and withdrawal
plans. Through the financial planning process, all questions, information, and analysis are
considered as they impact and are impacted by the entire financial and life situation of the
client. Clients utilizing this service will be offered access to a website which provides a detailed
financial plan designed to assist them in achieving his or her financial goals and objectives.
In general, the financial plan can address any or all of the following areas:
Cash Flow Analysis
Net Worth Statement
Debt Management
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Investment Analysis
Insurance Planning
College Funding
Retirement Planning
Tax Strategies
Estate Planning
Business Continuity and Succession Planning
Special Needs Planning
Other services as determined with the client
Shakespeare’s financial planning services entail a six-step process:
1. Defining Goals, Needs, and Objectives: Client and Shakespeare work cooperatively
to define the goals, needs, and objectives through meetings, phone calls, questionnaires,
etc. We may also uncover additional needs and objectives for the Client during the
review process.
2. Gathering and Providing Appropriate Data: The Client is responsible for providing
documents requested on the Financial Documents Checklist, and other information
requested by us in a timely manner. We may also request information from the Client’s
other professional advisors, such as tax preparer and attorney, provided the client has
given prior authorization. Shakespeare will not independently verify data provided by the
client.
3. Analyzing the Data: Shakespeare will use a variety of tools and knowledge to analyze the
client data and create financial statements, projections, and recommendations for the
Client.
4. Providing Recommendations: Shakespeare may provide written recommendations to the
Client based on the needs identified in step 1.
5. Implement the Recommendations: Client understands that they have sole responsibility
for determining whether to implement any recommendations made by us in any
financial plan. There is no requirement that Client implements any of the
recommendations or otherwise conducts business through us.
6. Monitor Progress: The Client, either directly or in working with a Financial Advisor,
should monitor the progress toward meeting the Client’s goals, needs, and objectives
and updating the financial plan as needed. Client is ultimately responsible for tracking
progress toward meeting their goals and in monitoring a financial advisor such as
Shakespeare to update their financial plan as necessary. Shakespeare offers the client
access to their own financial planning website, which allows the client the ability to
continuously monitor and review their financial plan.
C. Client-Tailored Services and Client-Imposed Restrictions
Each client’s account will be managed on the basis of the client’s financial situation and
investment objectives and in accordance with any reasonable restrictions imposed by the client
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on the management of the account—for example, restricting the type or amount of security to
be purchased in the portfolio.
D. Wrap Fee Programs
Shakespeare does not participate in wrap fee programs. (Wrap fee programs offer services for
one all-inclusive fee.)
E. Client Assets Under Management
As of December 31, 2023, Shakespeare managed $440.1 million of discretionary assets and $0 of
non-discretionary assets.
Item 5: Fees and Compensation