General Information
West Paces Advisors, Inc.
1 (“WPA”) was formed in 2015 and provides investment program management
and wealth advisory ser
vices as well as financial oversight services for portfolios managed by other
advisors or corporate fiduciaries.
John F. Oglesby and G. Andrew Crews are the principal owners of WPA. John P. Viani, Geoff Gober, Ryan
Floyd and Andrea Thompson are also shareholders. Please see
Brochure Supplements, Exhibit A, for
more information on these principal owners and other individuals who formulate investment advice
and have direct contact with clients or have discretionary authority over client accounts.
As of December 31, 2022, WPA managed $676,122,410 on a discretionary basis, and $382,603 on a non-
discretionary basis. In addition, through our Trusted Advisor Services we provide financial oversight for
portfolios totaling $96,908,854 that are managed by other advisors or corporate fiduciaries.
SERVICES PROVIDED
At the outset of each client relationship, we spend time with you, asking questions about your financial
circumstances, your short- and long-term financial goals, and your personal investing experience. We
may also build a client balance sheet and analyze existing portfolio statements. Based on our reviews,
we generally develop a customized “Investment Program” for you. The Investment Program is a
reflection of your current financial picture and a look to your future goals. The Investment Program
outlines the portfolio structure, asset allocation and investment strategies that we will utilize on your
behalf to meet your goals.
Portfolio Management
To implement your Investment Program, 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 asset classes or securities in an investment portfolio or prohibiting the sale of certain
investments held in your account at the commencement of our relationship.
We employ a variety of traditional asset and sub-asset classes when building your portfolio, and where
your circumstances permit, may suggest other asset classes that are non-traditional or otherwise limited
to accredited/qualified investors. We will implement your investment programs via index, engineered,
or active management investment strategies and will utilize 3rd party separate account managers as
needed.
Third Party Advisors – Strategy Services
From time to time and as appropriate in light of your circumstances, we may, in our discretion, engage
third party advisors to provide model portfolios, stock selection, and other investment strategy or
research services. Strategy Services are usually applied only to a portion of your account(s), but this
determination is made on a case-by-case basis.
1 West Paces Advisors was originally formed as a Limited Liability Corporation, but internally reorganized to a
Sub Chapter S Corporation effective January 1, 2018.
Separate Account Managers
As noted above, we may recommend the use of one or more Separate Account Managers, each a
“Manager”. We will select or recommend the Manager(s) we deem most appropriate for you. Factors
that we consider in recommending/selecting Managers generally include your stated investment
objective(s), management style, continuity at Manager’s firm, long-term performance, risk level,
reputation, financial strength, reporting, pricing and research.
The Manager(s) will generally be granted discretionary trading authority to provide investment
supervisory services for your portfolio. Under certain circumstances, we retain the authority to
terminate the Manager’s relationship or to add new Managers without your specific consent. In other
cases, you will ultimately select one or more Managers recommended by us. Fees paid to such
Manager(s) are separate from and in addition to the advisory fee assessed by us.
In any case, with respect to assets managed by a Manager, our role will be to monitor your overall
financial situation, to monitor the investment approach and performance of the Manager(s), and to
assist you in understanding the investments in your
portfolio.
Trusted Advisor Services
We will accept engagements to provide financial oversight for portfolios managed by other advisors or
corporate fiduciaries. Services may include account aggregation, consolidated asset allocation
reporting, consolidated performance reporting as well as general financial planning and legacy planning.
We will not be responsible for the investment management of these assets.
Wealth Advisory Services
We also advise you on items such as estate planning, charitable gifting and generational wealth transfer.
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, we 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 you and WPA.
Fiduciary Management Services
• Discretionary Management Services
When retained as an investment manager within the meaning of ERISA § 3(38), we provide
continuous and ongoing supervision over your designated retirement plan assets. We will
actively monitor your designated retirement plan assets and provide ongoing management of
your assets. When applicable, we will have discretionary authority to make all decisions to buy,
sell or hold securities, cash or other investments for your designated retirement plan assets in
our sole discretion without first consulting with the Plan Fiduciaries. We also have the power
and authority to carry out these decisions by giving instructions, on your behalf, to brokers and
dealers and the qualified custodian(s) of the Plan for our management of your designated
retirement plan assets.
• 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.
• Investment Management via Model Portfolios.
We will provide discretionary management of Model Portfolios among which the participants
may choose to invest as Plan options. Plan Participants will also have the option of investing
only in options that do not include Model Portfolios (i.e., the Plan Participants may elect to invest
in one or more of the mutual fund options made available in the Plan, and choose not to invest
in the Model Portfolios at all).