{"id":229,"date":"2023-10-04T15:01:33","date_gmt":"2023-10-04T15:01:33","guid":{"rendered":"https:\/\/wealthlogicllc.com\/?page_id=229"},"modified":"2024-02-16T17:15:24","modified_gmt":"2024-02-16T17:15:24","slug":"form-adv","status":"publish","type":"page","link":"https:\/\/wealthlogicllc.com\/form-adv\/","title":{"rendered":"Form ADV"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"229\" class=\"elementor elementor-229\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79d36cb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79d36cb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9c400a1\" data-id=\"9c400a1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ee223a elementor-align-center elementor-widget elementor-widget-button\" data-id=\"1ee223a\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/wealthlogicllc.com\/wp-content\/uploads\/2024\/02\/WL-Form-ADV-Part-2A-2B-2024-01-24.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-right\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-file-pdf\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Download Form ADV as PDF<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c49cb2a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c49cb2a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a8e4410\" data-id=\"a8e4410\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5de4466 elementor-widget elementor-widget-heading\" data-id=\"5de4466\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">WealthLogic (WL) Form ADV Part 2A<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18a301d elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"18a301d\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-block-end:0;flex-grow:1;border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider--element-align-start .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-start .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-start .elementor-divider__element{margin-inline-start:0}.elementor-widget-divider--element-align-end .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-end .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-end .elementor-divider__element{margin-inline-end:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9338bda elementor-widget elementor-widget-text-editor\" data-id=\"9338bda\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h3>Item 1: Cover Page<\/h3><p style=\"text-align: center;\"><img decoding=\"async\" class=\"aligncenter wp-image-101 size-medium\" src=\"https:\/\/wealthlogicllc.com\/wp-content\/uploads\/2023\/09\/WealthLogic-Logo-Stacked-300x134.png\" alt=\"\" width=\"300\" height=\"134\" srcset=\"https:\/\/wealthlogicllc.com\/wp-content\/uploads\/2023\/09\/WealthLogic-Logo-Stacked-300x134.png 300w, https:\/\/wealthlogicllc.com\/wp-content\/uploads\/2023\/09\/WealthLogic-Logo-Stacked-1024x457.png 1024w, https:\/\/wealthlogicllc.com\/wp-content\/uploads\/2023\/09\/WealthLogic-Logo-Stacked-768x343.png 768w, https:\/\/wealthlogicllc.com\/wp-content\/uploads\/2023\/09\/WealthLogic-Logo-Stacked-1536x686.png 1536w, https:\/\/wealthlogicllc.com\/wp-content\/uploads\/2023\/09\/WealthLogic-Logo-Stacked-2048x914.png 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><p style=\"text-align: center;\">70 S. Val Vista Drive A3 &#8211; 525<br \/>Gilbert, AZ 85296<br \/>(480)716-9049<\/p><p style=\"text-align: center;\"><strong>Form ADV Part 2A \u2013 Firm Brochure<br \/><\/strong>Dated January 22, 2024<\/p><p>This Brochure provides information about the qualifications and business practices of WealthLogic, LLC. If you have any questions about the contents of this Brochure, please contact us at (480)716-9049. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.<\/p><p>WealthLogic, LLC is a registered investment adviser. Registration does not imply a certain level of skill or training.<\/p><p>Additional information about WealthLogic, LLC also is available on the SEC\u2019s website at <a href=\"http:\/\/www.adviserinfo.sec.gov\">www.adviserinfo.sec.gov<\/a>, which can be found using the firm\u2019s identification number, 326644.<\/p><h3>Item 2: Material Changes<\/h3><p>Since our original filing of this Firm Brochure in 2023, the following material changes have occurred:<\/p><p>Item 5: We updated Item 5 to explain that: For clients whose annualized fees paid to WL are expected be least $3,750, WL may cover the cost of the client\u2019s individual (Form 1040) tax return preparation. In order to have WL handle the payment of tax preparation services, the client must be using (or be willing to use) one of the recommended CPAs that WL recommends. Please note, that while we may recommend certain CPAs, we do not receive any compensation from any CPA recommended by our firm.<\/p><p>In the future, any material changes made during the year will be reported here.<\/p><hr \/><h3>Item 3: Table of Contents<\/h3><ul><li>Item 2: Material Changes 2<\/li><li>Item 3: Table of Contents 3<\/li><li>Item 4: Advisory Business 4<\/li><li>Item 5: Fees and Compensation 9<\/li><li>Item 6: Performance-Based Fees and Side-By-Side Management 12<\/li><li>Item 7: Types of Clients 13<\/li><li>Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss 14<\/li><li>Item 9: Disciplinary Information 19<\/li><li>Item 10: Other Financial Industry Activities and Affiliations 20<\/li><li>Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading 21<\/li><li>Item 12: Brokerage Practices 23<\/li><li>Item 13: Review of Accounts 27<\/li><li>Item 14: Client Referrals and Other Compensation 28<\/li><li>Item 15: Custody 29<\/li><li>Item 16: Investment Discretion 30<\/li><li>Item 17: Voting Client Securities 31<\/li><li>Item 18: Financial Information 32<\/li><li>Item 19: Requirements for State-Registered Advisers 33<\/li><li>Form ADV Part 2B \u2013 Brochure Supplement 34<\/li><\/ul><h3><strong>Item 4: Advisory Business<\/strong><\/h3><p><strong><u>Description of Advisory Firm<\/u><\/strong><\/p><p>WealthLogic, LLC is an Investment Adviser principally located in the state of Arizona. We are a limited liability company founded in August 2018. WealthLogic, LLC became registered in 2023. Kim Morton is the principal owner and Chief Compliance Officer (\u201cCCO\u201d).<\/p><p>As used in this brochure, the words \u201cWL\u201d, &#8220;we&#8221;, &#8220;our firm&#8221;, \u201cAdvisor\u201d and &#8220;us&#8221; refer to WealthLogic, LLC and the words &#8220;you&#8221;, &#8220;your&#8221; and &#8220;Client&#8221; refer to you as either a client or prospective client of our firm.<\/p><p><strong><u>Types of Advisory Services<\/u><\/strong><\/p><p>WL is a fee-only firm, meaning the only compensation we receive is from our Clients for our services. From time to time, WL recommends third-party professionals such as attorneys, accountants, tax advisors, insurance agents, or other financial professionals. Clients are never obligated to utilize any third-party professional we recommend. WL is not affiliated with nor does WL receive any compensation from third-party professionals we may recommend.<\/p><p><strong>Wealth Management Services<\/strong><\/p><p>Wealth Management encompasses investment management services and financial planning. Our firm provides continuous advice to a Client regarding the investment of Client funds based on the individual needs of the Client. Through personal discussions in which goals and objectives based on a Client&#8217;s particular circumstances are established, we develop a Client&#8217;s personal investment policy or an investment plan with an asset allocation target and create and manage a portfolio based on that policy and allocation targets. We will also review and discuss a Client\u2019s prior investment history, as well as family composition and background. Account supervision is guided by the stated objectives of the Client (e.g., maximum capital appreciation, growth, income, or growth, and income), as well as risk tolerance and tax considerations.<\/p><p>We primarily advise our Clients regarding investments in mutual funds, ETFs, U.S. government and municipal securities, and cash and cash equivalents. We may also provide advice regarding investments held in Client\u2019s portfolio at the inception of our advisory relationship and\/or other investment types not listed above, at the Client\u2019s request. When we provide investment management services, Clients grant us limited authority to buy and sell securities on a discretionary basis. More information on our trading authority is explained in Item 16 of this Brochure. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors.<\/p><p>Financial planning involves an evaluation of a Client&#8217;s current and future financial state by using currently known variables to predict future cash flows, asset values, and withdrawal plans. The key defining aspect of financial planning is that through the financial planning process, all questions, information, and analysis will be considered as they affect and are affected by the entire financial and life situation of the Client. Clients purchasing this service will receive a written report, providing the Client with a detailed financial plan designed to help achieve the Client\u2019s stated financial goals and objectives.<\/p><p>In general, the financial plan will address some or all of the following areas of concern. The Client and WL will work together to select specific areas to cover. These areas may include, but are not limited to, the following:<\/p><ul><li><strong>Cash Flow and Debt Management<\/strong>: We will conduct a review of your income and expenses to determine your current surplus or deficit along with advice on prioritizing how any surplus should be used or how to reduce expenses if they exceed your income. Advice may also be provided on which debts to pay off first based on factors such as the interest rate of the debt and any income tax ramifications. We may also recommend what we believe to be an appropriate cash reserve that should be considered for emergencies and other financial goals, along with a review of accounts (such as money market funds) for such reserves, plus strategies to save desired amounts.<\/li><li><strong>College Savings<\/strong>: Includes projecting the amount that will be needed to achieve college or other post-secondary education funding goals, along with advice on ways for you to save the desired amount. Recommendations as to savings strategies are included, and, if needed, we will review your financial picture as it relates to eligibility for financial aid or the best way to contribute to children and grandchildren (if appropriate).<\/li><\/ul><ul><li><strong>Employee Benefits Optimization<\/strong>: We will provide review and analysis as to whether you, as an employee, are taking the maximum advantage possible of your employee benefits. If you are a business owner, we will consider and\/or recommend the various benefit programs that can be structured to meet both business and personal retirement goals.<\/li><li><strong>Estate Planning<\/strong>: This usually includes an analysis of your exposure to estate taxes and your current estate plan, which may include whether you have a will, powers of attorney, trusts, and other related documents. Our advice also typically includes ways for you to minimize or avoid future estate taxes by implementing appropriate estate planning strategies such as the use of applicable trusts. We always recommend that you consult with a qualified attorney when you initiate, update, or complete estate planning activities. We may provide you with contact information for attorneys who specialize in estate planning when you wish to hire an attorney for such purposes. From time-to-time, we will participate in meetings or phone calls between you and your attorney with your approval or request.<\/li><\/ul><ul><li><strong>Financial Goals<\/strong>: We will help Clients identify financial goals and develop a plan to reach them. We will identify what you plan to accomplish, what resources you will need to make it happen, how much time you will need to reach the goal, and how much you should budget for your goal.<\/li><li><strong>Insurance<\/strong>: Review of existing policies to ensure proper coverage for life, health, disability, long-term care, liability, home, and automobile.<\/li><\/ul><ul><li><strong>Investment Analysis<\/strong>: This may involve developing an asset allocation strategy to meet Clients\u2019 financial goals and risk tolerance, providing information on investment vehicles and strategies, reviewing employee stock options, as well as assisting you in establishing your own investment account at a selected broker\/dealer or custodian. The strategies and types of investments we may recommend are further discussed in Item 8 of this brochure.<\/li><\/ul><ul><li><strong>Retirement Planning<\/strong>: Our retirement planning services typically include projections of your likelihood of achieving your financial goals, typically focusing on financial independence as the primary objective. For situations where projections show less than the desired results, we may make recommendations, including those that may impact the original projections by adjusting certain variables (e.g., working longer, saving more, spending less, taking more risk with investments).<br \/>If you are near retirement or already retired, advice may be given on appropriate distribution strategies to minimize the likelihood of running out of money or having to adversely alter spending during your retirement years.<\/li><li><strong>Risk Management:<\/strong> A risk management review includes an analysis of your exposure to major risks that could have a significant adverse impact on your financial picture, such as premature death, disability, property and casualty losses, or the need for long-term care planning. Advice may be provided on ways to minimize such risks and about weighing the costs of purchasing insurance versus the benefits of doing so and, likewise, the potential cost of not purchasing insurance (\u201cself-insuring\u201d).<\/li><li><strong>Tax Planning Strategies:<\/strong> Advice may include ways to minimize current and future income taxes as a part of your overall financial planning picture. For example, we may make recommendations on which type of account(s) or specific investments should be owned based in part on their \u201ctax efficiency,\u201d with the consideration that there is always a possibility of future changes to federal, state or local tax laws and rates that may impact your situation.<\/li><\/ul><p>We recommend that you consult with a qualified tax professional before initiating any tax planning strategy, and we may provide you with contact information for accountants or attorneys who specialize in this area if you wish to hire someone for such purposes. We will participate in meetings or phone calls between you and your tax professional with your approval.<\/p><p><strong><u>Client Tailored Services and Client Imposed Restrictions<\/u><\/strong><\/p><p>We tailor the delivery of our services to meet the individual needs of our Clients. We consult with Clients initially and on an ongoing basis, through the duration of their engagement with us, to determine risk tolerance, time horizon and other factors that may impact the Clients\u2019 investment and\/or planning needs.<\/p><p>Clients are able to specify, within reason, any restrictions they would like to place as it pertains to individual securities and\/or sectors that will be traded in their account. All such requests must be provided to WL in writing. WL will notify Clients if they are unable to accommodate any requests.<\/p><p><strong><u>Wrap Fee Programs<\/u><\/strong><\/p><p>We do not participate in wrap fee programs.<\/p><p><strong><u>Assets Under Management<\/u><\/strong><\/p><p>As of December 31, 2023, WL has $16,365,800 in discretionary and $0 in non-discretionary assets under management.<\/p><h3>Item 5: Fees and Compensation<\/h3><p>Please note, unless a Client has received this brochure at least 48 hours prior to signing an Advisory Contract, the Advisory Contract may be terminated by the Client within five (5) business days of signing the Advisory Contract without penalty.<\/p><p>How we are paid depends on the type of advisory services we perform. Below is a brief description of our fees, however, you should review your executed Advisory Contract for more detailed information regarding the exact fees you will be paying. No increase to the agreed-upon advisory fees outlined in the Advisory Contract shall occur without prior Client consent.<\/p><p><strong><u>Wealth Management Services <\/u><\/strong><\/p><p>The fee is based on a percentage of assets under management and is negotiable. The annualized fees for investment management services are based on the following fee schedule:<\/p><table width=\"486\"><tbody><tr><td width=\"254\">Assets Under Management<\/td><td width=\"232\">Annual Advisory Fee<\/td><\/tr><tr><td width=\"254\">Up to $250,000<\/td><td width=\"232\">1.50%<\/td><\/tr><tr><td width=\"254\">$250,001 &#8211; $500,000<\/td><td width=\"232\">1.25%<\/td><\/tr><tr><td width=\"254\">$500,001 &#8211; $1,000,000<\/td><td width=\"232\">1.00%<\/td><\/tr><tr><td width=\"254\">$1,000,001 &#8211; $2,000,000<\/td><td width=\"232\">0.75%<\/td><\/tr><tr><td width=\"254\">Above $2,000,001<\/td><td width=\"232\">0.50%<\/td><\/tr><\/tbody><\/table><p>The annual advisory fee is paid quarterly in advance based on the value of Client\u2019s account(s) as of the last day of the billing period. The advisory fee is a blended tier. For example, for assets under management of $750,000, a Client would pay 1.50% on the first $250,000, 1.25% on the next $250,000 and 1.00% on the remaining balance. The quarterly fee is determined by the following calculation: (($250,000 x 1.50%) + ($250,000 x 1.25%) + ($250,000 x 1.00%)) \u00f7 4 = $2,343.75.<\/p><p>In determining the advisory fee, we may allow accounts of members of the same household to be aggregated. WL relies on the valuation as provided by Client\u2019s custodian in determining assets under management. Our advisory fee is prorated for any partial billing periods occurring during the engagement, including the initial and terminating billing periods. Clients may make additions or withdrawals from their account at any time; however, WL reserves the right to adjust our advisory fees on a pro-rata basis on account of any such cash-flow transactions.<\/p><p>For clients whose annualized fees paid to WL are expected be least $3,750, WL may cover the cost of the client\u2019s individual (Form 1040) tax return preparation. In order to have WL handle the payment of tax preparation services, the client must be using (or be willing to use) one of the recommended CPAs that WL recommends. Please note, that while we may recommend certain CPAs, we do not receive any compensation from any CPA recommended by our firm.<\/p><p><strong><u>Fee Payment<\/u><\/strong><\/p><p>We deduct our advisory fee from one or more account(s) held at an unaffiliated third-party custodian, as directed by the Client. Please refer to Item 15 of this Brochure regarding our policy on direct fee deduction. We use an independent third party payment processor in which the Client can securely input their banking information and pay their fee. We do not have access to the Client\u2019s banking information at any time. The Client will be provided with their own secure portal in order to make payments.<\/p><p><strong><u>Other Types of Fees and Expenses<\/u><\/strong><\/p><p>Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which may be incurred by the Client. Clients may incur certain charges imposed by custodians, brokers, and other third parties such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer, and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Mutual fund and exchange-traded funds also charge internal management fees, which are disclosed in a fund&#8217;s prospectus. Such charges, fees, and commissions are exclusive of and in addition to our fee, and we shall not receive any portion of these commissions, fees, and costs.<\/p><p>Item 12 further describes the factors that we consider in selecting or recommending custodians for Client\u2019s transactions and determining the reasonableness of their compensation (e.g., commissions).<\/p><p>Clients may incur fees from third-party professionals such as accountants and attorneys that WL may recommend, upon Client request. Such fees are separate and distinct from WL\u2019s advisory fees.<\/p><p><strong><u>Terminations and Refunds<\/u><\/strong><\/p><p>The Advisory Contract may be terminated with written notice at least 30 calendar days in advance.\u00a0 Upon termination of the Advisory Contract, a prorated refund will be provided to the Client based on the number of days services were provided up to the date of termination.<\/p><p><strong><u>Sale of Securities or Other Investment Products<\/u><\/strong><\/p><p>Advisor and its supervised persons do not accept compensation for the sale of securities or other investment products including asset-based sales charges or service fees from the sale of mutual funds.<\/p><h3>Item 6: Performance-Based Fees and Side-By-Side Management<\/h3><p>We do not offer performance-based fees and do not engage in side-by-side management.<\/p><h3>Item 7: Types of Clients<\/h3><p>We provide financial planning and investment management services to individuals and high net-worth individuals.<\/p><p>Our minimum account size requirement is $250,000 to open or maintain an account under our management. Household accounts may be aggregated to meet this requirement. Our minimum annual fee is $3,750. WL may reduce or waive the minimum account size requirement or minimum fee on a case-by-case basis.<\/p><h3>Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss<\/h3><p><strong><u>Methods of Analysis<\/u><\/strong><\/p><p><strong>Modern Portfolio Theory (MPT)<\/strong><\/p><p>The underlying principles of MPT are:<\/p><ul><li>Investors are risk averse. The only acceptable risk is that which is adequately compensated by an expected return. Risk and investment return are related and an increase in risk requires an increased expected return.<\/li><li>Markets are efficient. The same market information is available to all investors at the same time. The market prices every security fairly based upon this equal availability of information.<\/li><li>The design of the portfolio as a whole is more important than the selection of any particular security. The appropriate allocation of capital among asset classes will have far more influence on long-term portfolio performance than the selection of individual securities.<\/li><li>Investing for the long-term (preferably longer than ten years) becomes critical to investment success because it allows the long-term characteristics of the asset classes to surface.<\/li><li>Increasing diversification of the portfolio with lower correlated asset class positions can decrease portfolio risk. Correlation is the statistical term for the extent to which two asset classes move in tandem or opposition to one another.<\/li><\/ul><p><strong>Mutual Fund and\/or ETF Analysis: <\/strong>We look at the experience and track record of the manager of the mutual fund or ETF in an attempt to determine if that manager has demonstrated an ability to invest over a period of time and in different economic conditions. We also look at the underlying assets in a mutual fund or ETF in an attempt to determine if there is significant overlap in the underlying investments held in other funds in the Client\u2019s portfolio. In addition, we monitor the funds or ETFs in an attempt to determine if they are continuing to follow their stated investment strategy.<\/p><p>A risk of mutual fund and\/or ETF analysis is that, as in all securities investments, past performance does not guarantee future results. A manager who has been successful may not be able to replicate that success in the future. In addition, as we do not control the underlying investments in a fund or ETF, managers of different funds held by the client may purchase the same security, increasing the risk to the client if that security were to fall in value. There is also a risk that a manager may deviate from the stated investment mandate or strategy of the fund or ETF, which could make the fund or ETF less suitable for the Client\u2019s portfolio.<\/p><p><strong><u>Investment Strategies<\/u><\/strong><\/p><p><strong>Asset Allocation <\/strong><\/p><p>In implementing our Clients\u2019 investment strategy, we begin by attempting to identify an appropriate ratio of equities, fixed income, and cash (i.e. \u201casset allocation\u201d) suitable to the Client\u2019s investment goals and risk tolerance.<\/p><p>A risk of asset allocation is that the Client may not participate in sharp increases in a particular security, industry or market sector. Another risk is that the ratio of equities, fixed income, and cash will change over time due to stock and market movements and, if not corrected, will no longer be appropriate for the Client\u2019s goals. We attempt to closely monitor our asset allocation models and make changes periodically to keep in line with the target risk tolerance model.<\/p><p><strong>Passive Investment Management <\/strong><\/p><p>Passive investing involves building portfolios that are composed of various distinct asset classes. The asset classes are weighted in a manner to achieve the desired relationship between correlation, risk, and return. Funds that passively capture the returns of the desired asset classes are placed in the portfolio. The funds that are used to build passive portfolios are typically index mutual funds or exchange-traded funds.<\/p><p>Passive investment management is characterized by low portfolio expenses (i.e. the funds inside the portfolio have low internal costs), minimal trading costs (due to infrequent trading activity), and relative tax efficiency (because the funds inside the portfolio are tax efficient and turnover inside the portfolio is minimal).<\/p><p>In contrast, active management involves a single manager or managers who employ some method, strategy or technique to construct a portfolio that is intended to generate returns that are greater than the broader market or a designated benchmark.<\/p><p><strong><u>Material Risks Involved<\/u><\/strong><\/p><p><strong>All investing strategies we offer involve risk and may result in a loss of your original investment which you should be prepared to bear.<\/strong> Many of these risks apply equally to stocks, bonds, commodities, and any other investment or security. Material risks associated with our investment strategies are listed below.<\/p><p><strong>Market Risk: <\/strong>Market risk involves the possibility that an investment\u2019s current market value will fall because of a general market decline, reducing the value of the investment regardless of the operational success of the issuer\u2019s operations or its financial condition.<\/p><p><strong>Strategy Risk:<\/strong> The Adviser\u2019s investment strategies and\/or investment techniques may not work as intended.<\/p><p><strong>Small and Medium Cap Company Risk:<\/strong> Securities of companies with small and medium market capitalizations are often more volatile and less liquid than investments in larger companies. Small and medium cap companies may face a greater risk of business failure, which could increase the volatility of the Client\u2019s portfolio.<\/p><p><strong>Interest Rate Risk:<\/strong> Bond (fixed income) prices generally fall when interest rates rise, and the value may fall below par value or the principal investment. The opposite is also generally true: bond prices generally rise when interest rates fall. In general, fixed income securities with longer maturities are more sensitive to these price changes. Most other investments are also sensitive to the level and direction of interest rates.<\/p><p><strong>Legal or Legislative Risk<\/strong>: Legislative changes or Court rulings may impact the value of investments, or the securities\u2019 claim on the issuer\u2019s assets and finances.<\/p><p><strong>Inflation<\/strong>: Inflation may erode the buying power of your investment portfolio, even if the dollar value of your investments remains the same.<\/p><p><strong>Currency Risk:<\/strong> Overseas investments are subject to fluctuations in the value of the dollar against the currency of the investment\u2019s originating country. This is also referred to as exchange rate risk.<\/p><p><strong>Reinvestment Risk:<\/strong> Reinvestment risk is the chance that cash flows received from an investment will earn less when put to use in a new investment. Methods to mitigate reinvestment risk include the use of non-callable bonds, zero-coupon instruments, long-term securities, bond ladders, and actively managed bond funds.<\/p><p><strong>Liquidity Risk:<\/strong> Liquidity risk determines how easily a security can be bought or sold in the market. An entity may suffer a loss when trading an asset or a liability due to a difference between the accounting value and the price effectively obtained in the trade.<\/p><p><strong>Investment Companies Risk: <\/strong>When a client invests in open end mutual funds or ETFs, the client indirectly bears its proportionate share of any fees and expenses payable directly by those funds. Therefore, the client will incur higher expenses, many of which may be duplicative. In addition, the client\u2019s overall portfolio may be affected by losses of an underlying fund and the level of risk arising from the investment practices of an underlying fund (such as the use of derivatives). ETFs are also subject to the following risks: (i) an ETF\u2019s shares may trade at a market price that is above or below their net asset value; (ii) the ETF may employ an investment strategy that utilizes high leverage ratios; or (iii) trading of an ETF\u2019s shares may be halted if the listing exchange\u2019s officials deem such action appropriate, the shares are delisted from the exchange, or the activation of market-wide \u201ccircuit breakers&#8221; (which are tied to large decreases in stock prices) halts stock trading generally. The Adviser has no control over the risks taken by the underlying funds in which client\u2019s invest.<\/p><p><strong>Equity Risk: <\/strong>Equity securities tend to be more volatile than other securities. The value of a mutual fund or ETF holding equities can be more volatile than the market as a whole. Smaller companies (small cap equities) may have greater volatility, higher failure rates, more limited markets, products, financial resources, and less management experience than larger companies. Small companies may also have lower trading value, which may affect their market price, tending to make them fall more in response to selling pressure than large companies.<\/p><p><strong>Fixed Income Risk:<\/strong> Issuers of fixed income securities may not be able to make interest and principal payments when due. Typically, the lower the credit rating, the greater the risk of an issuer defaulting on its obligation. As nominal interest rates (the sum of a real interest rate and expected inflation rate) rise, the value of fixed income securities held by a fund is likely to decrease.<\/p><p><strong>Trading Risk: <\/strong>Investing involves risk, including loss of principal. There is no guarantee that the investment objective of a fund or investment will be achieved.<\/p><p><strong><u>Risks Associated with Securities<\/u><\/strong><\/p><p>Apart from the general risks outlined above which apply to all types of investments, specific securities may have other risks.<\/p><p><strong>Exchange Traded Funds<\/strong> prices may vary significantly from the Net Asset Value due to market conditions. Certain Exchange Traded Funds may not track underlying benchmarks as expected. ETFs are also subject to the following risks: (i) an ETF\u2019s shares may trade at a market price that is above (premium) or below (discount) their net asset value and an ETF purchased at a premium may ultimately be sold at a discount; (ii) trading of an ETF\u2019s shares may be halted if the listing exchange\u2019s officials deem such action appropriate, the shares are delisted from the exchange, or the activation of market-wide \u201ccircuit breakers\u201d (which are tied to large decreases in stock prices) halts stock trading generally. The Adviser has no control over the risks taken by the underlying funds in which the Clients invest.<\/p><p><strong>Mutual Funds<\/strong> When a Client invests in open-end mutual funds or ETFs, the Client indirectly bears its proportionate share of any fees and expenses payable directly by those funds. Therefore, the Client will incur higher expenses, many of which may be duplicative. In addition, the Client&#8217;s overall portfolio may be affected by losses of an underlying fund and the level of risk arising from the investment practices of an underlying fund (such as the use of derivatives).<\/p><h3>Item 9: Disciplinary Information<\/h3><p><strong><u>Criminal or Civil Actions<\/u><\/strong><\/p><p>WL and its management persons have not been involved in any criminal or civil action.<\/p><p><strong><u>Administrative Enforcement Proceedings<\/u><\/strong><\/p><p>WL and its management persons have not been involved in administrative enforcement proceedings.<\/p><p><strong><u>Self-Regulatory Organization Enforcement Proceedings<\/u><\/strong><\/p><p>WL and its management persons have not been involved in legal or disciplinary events that are material to a Client\u2019s or prospective Client\u2019s evaluation of WL or the integrity of its management.<\/p><h3>Item 10: Other Financial Industry Activities and Affiliations<\/h3><p><strong><u>Broker-Dealer Affiliation <\/u><\/strong><\/p><p>Neither WL or its management persons is registered, or have an application pending to register, as a broker-dealer or a registered representative of a broker-dealer.<\/p><p><strong><u>Other Affiliations <\/u><\/strong><\/p><p>Neither WL or its management persons is registered, or have an application pending to register, as a futures commission merchant, commodity pool operator, commodity trading advisor, or an associated person of the foregoing entities.<\/p><p><strong><u>Related Persons <\/u><\/strong><\/p><p>Neither WL or its management persons have any relationship or arrangement with any related parties.<\/p><p><strong><u>Recommendations or Selections of Other Investment Advisers<\/u><\/strong><\/p><p>WL does not recommend or select other investment advisers for our clients.<\/p><h3>Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading<\/h3><p>As a fiduciary, our firm has a duty of utmost good faith to act solely in the best interests of each Client. Our Clients entrust us with their funds and personal information, which in turn places a high standard on our conduct and integrity. Our fiduciary duty is a core aspect of our Code of Ethics and represents the expected basis of all of our dealings. The firm also adheres to the Code of Ethics and Professional Responsibility adopted by the CFP\u00ae Board of Standards Inc., and accepts the obligation not only to comply with the mandates and requirements of all applicable laws and regulations but also to take responsibility to act in an ethical and professionally responsible manner in all professional services and activities.<\/p><p><strong><u>Code of Ethics Description<\/u><\/strong><\/p><p>This Code of Ethics does not attempt to identify all possible conflicts of interest, and compliance with each of its specific provisions will not shield our firm or its access persons from liability for misconduct that violates a fiduciary duty to our Clients. A summary of the Code of Ethics&#8217; Principles is outlined below.<\/p><ul><li>Integrity &#8211; Access persons shall offer and provide professional services with integrity.<\/li><li>Objectivity &#8211; Access persons shall be objective in providing professional services to Clients.<\/li><li>Competence &#8211; Access persons shall provide services to Clients competently and maintain the necessary knowledge and skill to continue to do so in those areas in which they are engaged.<\/li><li>Fairness &#8211; Access persons shall perform professional services in a manner that is fair and reasonable to Clients, principals, partners, and employers, and shall disclose conflict(s) of interest in providing such services.<\/li><li>Confidentiality &#8211; Access persons shall not disclose confidential Client information without the specific consent of the Client unless in response to proper legal process, or as required by law.<\/li><li>Professionalism &#8211; Access persons conduct in all matters shall reflect the credit of the profession.<\/li><li>Diligence &#8211; Access persons shall act diligently in providing professional services.<\/li><\/ul><p>We periodically review and amend our Code of Ethics to ensure that it remains current, and we require all firm access persons to attest to their understanding of and adherence to the Code of Ethics at least annually. Our firm will provide a copy of its Code of Ethics to any Client or prospective Client upon request.<\/p><p><strong><u>Investment Recommendations Involving a Material Financial Interest and Conflicts of Interest<\/u><\/strong><\/p><p>Neither our firm, its access persons, or any related person is authorized to recommend to a Client or effect a transaction for a Client, involving any security in which our firm or a related person has a material financial interest, such as in the capacity as an underwriter, adviser to the issuer, principal transaction, among others.<\/p><p><strong><u>Advisory Firm Purchase of Same Securities Recommended to Clients and Conflicts of Interest<\/u><\/strong><\/p><p>Our firm, its access persons, and its related persons may buy or sell securities similar to, or different from, those we recommend to Clients. In an effort to reduce or eliminate certain conflicts of interest, our Code of Ethics may require that we restrict or prohibit access persons\u2019 transactions in specific reportable securities. Any exceptions or trading pre-clearance must be approved by WL\u2019s Chief Compliance Officer in advance of the transaction in an account. WL maintains a copy of access persons\u2019 personal securities transactions as required.<\/p><p><strong><u>Trading Securities At\/Around the Same Time as Client\u2019s Securities<\/u><\/strong><\/p><p>From time to time our firm, its access persons, or its related persons may buy or sell securities for themselves at or around the same time as they buy or sell securities for Clients\u2019 account(s). To address this conflict, it is our policy that neither our firm or access persons shall have priority over Clients\u2019 accounts in the purchase or sale of securities.<\/p><h3>Item 12: Brokerage Practices<\/h3><p><strong><u>Factors Used to Select Custodians<\/u><\/strong><\/p><p>WL does not have any affiliation with any custodian we recommend. Specific custodian recommendations are made to the Client based on their need for such services. We recommend custodians based on the reputation and services provided by the firm.<\/p><p>In recommending custodians, we have an obligation to seek the \u201cbest execution\u201d of transactions in Client accounts. The determinative factor in the analysis of best execution is not the lowest possible commission cost, but whether the transaction represents the best qualitative execution, taking into consideration the full range of the custodian\u2019s services. The factors we consider when evaluating a custodian for best execution include, without limitation, the custodian\u2019s:<\/p><ul><li>Combination of transaction execution services and asset custody services (generally without a separate fee for custody);<\/li><li>Capability to execute, clear, and settle trades (buy and sell securities for your account);<\/li><li>Capability to facilitate transfers and payments to and from accounts (wire transfers, check requests, bill payment, etc.);<\/li><li>Breadth of available investment products (stocks, bonds, mutual funds, exchange-traded funds (ETFs), etc.);<\/li><li>Availability of investment research and tools that assist us in making investment decisions<\/li><li>Quality of services;<\/li><li>Competitiveness of the price of those services (commission rates, margin interest rates, other fees, etc.) and willingness to negotiate the prices;<\/li><li>Reputation, financial strength, security and stability;<\/li><li>Prior service to us and our clients.<\/li><\/ul><p>With this in consideration, our firm recommends Charles Schwab, an independent and unaffiliated SEC registered broker-dealer firm and member of the Financial Industry Regulatory Authority (\u201cFINRA\u201d) and the Securities Investor Protection Corporation (\u201cSIPC\u201d).<\/p><p><strong><u>Research and Other Soft-Dollar Benefits<\/u><\/strong><\/p><p>We do not have any soft-dollar arrangements with custodians whereby soft-dollar credits, used to purchase products and services, are earned directly in proportion to the amount of commissions paid by a Client. However, as a result of being on their institutional platform, Charles Schwab may provide us with certain services that may benefit us.<\/p><p>Schwab Advisor Services\u2122 is Schwab\u2019s business serving independent investment advisory firms like us. They provide our Clients and us with access to their institutional brokerage services (trading, custody, reporting and related services), many of which are not typically available to Schwab retail customers. Schwab also makes available various support services. Some of those services help us manage or administer our Clients\u2019 accounts, while others help us manage and grow our business. Schwab\u2019s support services are generally available on an unsolicited basis (we don\u2019t have to request them) and at no charge to us. The benefits received by Advisor or its personnel do not depend on the number of brokerage transactions directed to Schwab. As part of its fiduciary duties to Clients, Advisor at all times must put the interests of its Clients first. Clients should be aware, however, that the receipt of economic benefits by Advisor or its related persons in and of itself creates a potential conflict of interest and may indirectly influence the Advisor\u2019s choice of Schwab for custody and brokerage services. This conflict of interest is mitigated as Advisor regularly reviews the factors used to select custodians to ensure our recommendation is appropriate. Following is a more detailed description of Schwab\u2019s support services:<\/p><ol><li><strong>Services that benefit you.<\/strong> Schwab\u2019s institutional brokerage services include access to a broad range of investment products, execution of securities transactions, and custody of Client assets. The investment products available through Schwab include some to which we might not otherwise have access or that would require a significantly higher minimum initial investment by our Clients. Schwab\u2019s services described in this paragraph generally benefit you and your account.<\/li><\/ol><ol><li><strong>Services that may not directly benefit you.<\/strong>\u00a0Schwab also makes available to us other products and services that benefit us but may not directly benefit you or your account. These products and services assist us in managing and administering our Clients\u2019 accounts. They include investment research, both Schwab\u2019s own and that of third parties. We may use this research to service all or a substantial number of our Clients\u2019 accounts, including accounts not maintained at Schwab. In addition to investment research, Schwab also makes available software and other technology that:<\/li><\/ol><ul><li>provide access to Client account data (such as duplicate trade confirmations and account statements)<\/li><li>facilitate trade execution and allocate aggregated trade orders for multiple Client accounts<\/li><li>provide pricing and other market data<\/li><li>facilitate payment of our fees from our Clients\u2019 accounts<\/li><li>assist with back-office functions, recordkeeping, and Client reporting<\/li><\/ul><ol><li><strong>Services that generally benefit only us.\u00a0<\/strong>Schwab also offers other services intended to help us manage and further develop our business enterprise. These services include:<\/li><\/ol><ul><li>Educational conferences and events<\/li><li>Consulting on technology, compliance, legal, and business needs<\/li><li>Publications and conferences on practice management and business succession<\/li><\/ul><ol><li><strong>Your brokerage and custody costs.<\/strong> For our Clients\u2019 accounts that Schwab maintains, Schwab generally does not charge you separately for custody services but is compensated by charging you commissions or other fees on trades that it executes or that settle into your Schwab account. Certain trades (for example, many mutual funds and ETFs) may not incur Schwab commissions or transaction fees.<\/li><\/ol><p><strong><u>Brokerage for Client Referrals<\/u><\/strong><\/p><p>We receive no referrals from a custodian, broker-dealer or third party in exchange for using that custodian, broker-dealer or third party.<\/p><p><strong><u>Clients Directing Which Broker\/Dealer\/Custodian to Use<\/u><\/strong><\/p><p>Our firm recommends Clients to execute transactions through Charles Schwab. We will assist with establishing your account(s) at Charles Schwab, however, we will not have the authority to open accounts on the Client&#8217;s behalf. Not all investment advisers require their Clients to use their recommended custodian. Charles Schwab and WL are separate and unaffiliated companies. Charles Schwab provides our firm with certain benefits such as research and other tools as further discussed above. By recommending that Clients use Charles Schwab, we may be unable to achieve most favorable execution of Client transactions, and this practice may cost Clients more money. We base our recommendations on the factors disclosed in Item 12 herein and will only recommend custodians if we believe it&#8217;s in the best interest of the Client.<\/p><p><strong><u>Aggregating (Block) Trading for Multiple Client Accounts<\/u><\/strong><\/p><p>Investment advisers may elect to purchase or sell the same securities for several clients at approximately the same time when they believe such action may prove advantageous to clients. This process is referred to as aggregating orders, batch trading or block trading. We do not engage in block trading. It should be noted that implementing trades on a block or aggregate basis may be less expensive for client accounts; however, it is our trading policy to implement all client orders on an individual basis. Therefore, we do not aggregate or \u201cblock\u201d client transactions. Considering the types of investments we hold in advisory client accounts, we do not believe clients are hindered in any way because we trade accounts individually. This is because we develop individualized investment strategies for clients and holdings will vary. Our strategies are primarily developed for the long-term and minor differences in price execution are not material to our overall investment strategy.<\/p><h3>Item 13: Review of Accounts<\/h3><p><strong><u>Periodic Reviews<\/u><\/strong><\/p><p>Clients will have their account(s) reviewed regularly on a quarterly basis by Kim Morton, Owner, CEO and CCO. The account(s) are reviewed with regards to the Client\u2019s investment policies and risk tolerance levels.<\/p><p><strong><u>Triggers of Reviews<\/u><\/strong><\/p><p>Events that may trigger a special review would be unusual performance, addition or deletions of Client-imposed restrictions, excessive draw-down, volatility in performance, or buy and sell decisions from the firm or per Client&#8217;s needs.<\/p><p><strong><u>Review Reports<\/u><\/strong><\/p><p>Clients will receive trade confirmations from the custodian(s) for each transaction in their accounts as well as monthly or quarterly statements and annual tax reporting statements from their custodian showing all activity in the accounts, such as receipt of dividends and interest.<\/p><p>WL does not provide written performance or holdings reports to Clients outside of what is provided directly by their custodian.<\/p><h3>Item 14: Client Referrals and Other Compensation<\/h3><p><strong><u>Compensation Received by WealthLogic, LLC <\/u><\/strong><\/p><p>WL is a fee-only firm that is compensated solely by its Clients. WL does not receive commissions or other sales-related compensation. Except as mentioned in Item 12 above, we do not receive any economic benefit, directly or indirectly, from any third party for advice rendered to our Clients.<\/p><p><strong><u>Client Referrals from Solicitors<\/u><\/strong><\/p><p>WL does not, directly or indirectly, compensate any person who is not advisory personnel for Client referrals.<\/p><h3>Item 15: Custody<\/h3><p>WL does not hold, directly or indirectly, Client funds or securities, or have any authority to obtain possession of them. All Client assets are held at a qualified custodian.<\/p><p>If WL deducts its advisory fee from Client\u2019s account(s), the following safeguards will be applied:<\/p><ol><li>The Client will provide written authorization to WL, permitting us to be paid directly from Client\u2019s accounts held by the custodian.<\/li><li>The custodian will send at least quarterly statements to the Client showing all disbursements from the accounts, including the amount of the advisory fee.<\/li><\/ol><p>In jurisdictions where required, WL will send an itemized invoice to the Client at the same time it instructs the custodian to debit the advisory fee. Itemization includes the formula used to calculate the fee, the amount of assets under management the fee is based on, and the time period covered by the fee.<\/p><p>We urge you to carefully review custodial statements and compare them to the account invoices or reports that we may provide to you and notify us of any discrepancies. Clients are responsible for verifying the accuracy of these fees as listed on the custodian\u2019s brokerage statement as the custodian does not assume this responsibility. Our invoices or reports may vary from custodial statements based on accounting procedures, reporting dates, or valuation methodologies of certain securities.<\/p><h3>Item 16: Investment Discretion<\/h3><p>For those Client accounts where we provide Investment Management Services, WL has discretionary authority and limited power of attorney to determine the securities and the amount of securities to be bought or sold for a Client\u2019s account without having to obtain prior Client approval for each transaction. Investment discretion is explained to Clients in detail when an advisory relationship has commenced. At the start of the advisory relationship, the Client will execute a Limited Power of Attorney, which will grant our firm discretion over the account(s).\u00a0 Additionally, the discretionary relationship will be outlined in the Advisory Contract and signed by the Client. Clients may limit our discretion by requesting certain restrictions on investments. However, approval of such requests are at the firm\u2019s sole discretion.<\/p><h3>Item 17: Voting Client Securities<\/h3><p>We do not vote Client proxies. Therefore, Clients maintain exclusive responsibility for: (1) voting proxies, and (2) acting on corporate actions pertaining to the Client\u2019s investment assets. The Client shall instruct the Client\u2019s qualified custodian to forward to the Client copies of all proxies and shareholder communications relating to the Client\u2019s investment assets. If the Client would like our opinion on a particular proxy vote, they may contact us at the number listed on the cover of this brochure.<\/p><p>In most cases, you will receive proxy materials directly from the account custodian. However, in the event we were to receive any written or electronic proxy materials, we would forward them directly to you by mail, unless you have authorized our firm to contact you by electronic mail, in which case, we would forward you any electronic solicitation to vote proxies.<\/p><h3>Item 18: Financial Information<\/h3><p>We have no financial commitment that impairs our ability to meet contractual and fiduciary commitments to our Clients, nor have we been the subject of any bankruptcy proceeding. We do not have custody of Client funds or securities, except as disclosed in Item 15 above, or require or solicit prepayment of more than $500 in fees six months or more in advance.<\/p><h3>Item 19: Requirements for State-Registered Advisers<\/h3><p><strong><u>Principal Officers<\/u><\/strong><\/p><p>Kim Morton serves as WL\u2019s sole principal and CCO. Information about Kim Morton\u2019s education, business background, and outside business activities can be found on her ADV Part 2B, Brochure Supplement attached to this Brochure.<\/p><p><strong><u>Outside Business<\/u><\/strong><\/p><p>All outside business information, if applicable, of WL is disclosed in Item 10 of this Brochure.<\/p><p><strong><u>Performance-Based Fees<\/u><\/strong><\/p><p>Neither WL nor Kim Morton is compensated by performance-based fees.<\/p><p><strong><u>Material Disciplinary Disclosures<\/u><\/strong><\/p><p>No management person at WL has ever been involved in an arbitration claim of any kind or been found liable in a civil, self-regulatory organization, or administrative proceeding.<\/p><p><strong><u>Material Relationships That Management Persons Have With Issuers of Securities<\/u><\/strong><\/p><p>WL nor Kim Morton have any relationship or arrangement with issuers of securities.<\/p><hr \/><h1>Item 1: Cover Page<\/h1><p>70 S. Val Vista Drive A3 &#8211; 525<br \/>Gilbert, AZ 85296<br \/>(480)716-9049<\/p><h3><strong>Form ADV Part 2B \u2013 Brochure Supplement<\/strong><\/h3><p>Dated January 22, 2024<\/p><p><em>For<\/em><\/p><p><strong>Kim Morton <\/strong><\/p><p>Owner, CEO and Chief Compliance Officer<\/p><p>This brochure supplement provides information about Kim Morton that supplements the WealthLogic, LLC (\u201cWL\u201d) brochure. A copy of that brochure precedes this supplement. Please contact Kim Morton if the WL brochure is not included with this supplement or if you have any questions about the contents of this supplement.<\/p><p>Additional information about Kim Morton is available on the SEC\u2019s website at <a href=\"http:\/\/www.adviserinfo.sec.gov\">www.adviserinfo.sec.gov<\/a> which can be found using the identification number 5233521.<\/p><p><strong>Item 2: Educational Background and Business Experience<\/strong><\/p><p><strong>Kim Morton<\/strong><\/p><p>Born: 1981<\/p><p><strong>Educational Background<\/strong><\/p><ul><li>2005 &#8211; Bachelor of Science in Finance, Arizona State University<\/li><\/ul><p><strong>Business Experience <\/strong><\/p><ul><li>08\/2018 &#8211; Present, WealthLogic, LLC, Owner, CEO and CCO<\/li><li>01\/2022 &#8211; 09\/2023, Bridge Financial Strategies, LLC, Chief Compliance Officer<\/li><li>08\/2018 &#8211; 09\/2023, Bridge Financial Strategies, LLC, Senior Wealth Manager<\/li><li>01\/2016 &#8211; 09\/2023, Bridge Financial Strategies, LLC, Tax Preparation Assistant<\/li><li>03\/2017 &#8211; 12\/2018, Dynamic Wealth Partners, Investment Advisor Representative<\/li><li>06\/2015 &#8211; 12\/2015, Unemployed<\/li><li>07\/2011 &#8211; 06\/2015, Sensible Money, LLC, Investment Advisor Representative<\/li><\/ul><p><strong>Professional Designation(s)<\/strong><\/p><p><strong>CFP<\/strong>\u00ae<strong> (Certified Financial Planner):<\/strong><strong>\u00a0 <\/strong><\/p><p>Kim Morton is certified for financial planning services in the United States by Certified Financial Planner Board of Standards, Inc. (\u201cCFP Board\u201d). Therefore, Kim Morton may refer to themself as a CERTIFIED FINANCIAL PLANNER\u2122 professional or a CFP\u00ae professional, and Kim Morton may use these and CFP Board\u2019s other certification marks (the \u201cCFP Board Certification Marks\u201d). The CFP\u00ae certification is voluntary. No federal or state law or regulation requires financial planners to hold the CFP\u00ae certification. You may find more information about the CFP\u00ae certification at <a href=\"http:\/\/www.cfp.net\">www.cfp.net<\/a>.<\/p><p>CFP\u00ae professionals have met CFP Board\u2019s high standards for education, examination, experience, and ethics. To become a CFP\u00ae professional, an individual must fulfill the following requirements:<\/p><ul><li>Education \u2013 Earn a bachelor\u2019s degree or higher from an accredited college or university and complete CFP Board-approved coursework at a college or university through a CFP Board Registered Program. The coursework covers the financial planning subject areas CFP Board has determined are necessary for the competent and professional delivery of financial planning services, as well as a comprehensive financial plan development capstone course. A candidate may satisfy some of the coursework requirements through other qualifying credentials.<\/li><li>Examination \u2013 Pass the comprehensive CFP\u00ae Certification Examination. The examination is designed to assess an individual\u2019s ability to integrate and apply a broad base of financial planning knowledge in the context of real-life financial planning situations.<\/li><li>Experience \u2013 Complete 6,000 hours of professional experience related to the personal financial planning process, or 4,000 hours of apprenticeship experience that meets additional requirements.<\/li><li>Ethics \u2013 Satisfy the Fitness Standards for Candidates for CFP\u00ae Certification and Former CFP\u00ae Professionals Seeking Reinstatement and agree to be bound by CFP Board\u2019s Code of Ethics and Standards of Conduct (\u201cCode and Standards\u201d), which sets forth the ethical and practice standards for CFP\u00ae professionals.<\/li><\/ul><p>Individuals who become certified must complete the following ongoing education and ethics requirements to remain certified and maintain the right to continue to use the CFP Board Certification Marks:<\/p><ul><li>Ethics \u2013 Commit to complying with CFP Board\u2019s Code and Standards. This includes a commitment to CFP Board, as part of the certification, to act as a fiduciary, and therefore, act in the best interests of the client, at all times when providing financial advice and financial planning. CFP Board may sanction a CFP\u00ae professional who does not abide by this commitment, but CFP Board does not guarantee a CFP\u00ae professional&#8217;s services. A client who seeks a similar commitment should obtain a written engagement that includes a fiduciary obligation to the client.<\/li><li>Continuing Education \u2013 Complete 30 hours of continuing education every two years to maintain competence, demonstrate specified levels of knowledge, skills, and abilities, and keep up with developments in financial planning. Two of the hours must address the Code and Standards.<\/li><\/ul><p><strong>Item 3: Disciplinary Information<\/strong><\/p><p>Kim Morton has never been involved in an arbitration claim of any kind or been found liable in a civil, self-regulatory organization, or administrative proceeding.<\/p><p><strong>Item 4: Other Business Activities<\/strong><\/p><p>Kim Morton is not involved with outside business activities.<\/p><p><strong>Item 5: Additional Compensation<\/strong><\/p><p>Kim Morton does not receive any economic benefit from any person, company, or organization, in exchange for providing Clients advisory services through WL.<\/p><p><strong>Item 6: Supervision<\/strong><\/p><p>Kim Morton as Chief Compliance Officer of WL, supervises the advisory activities of our firm. Kim Morton is bound by and will adhere to the firm\u2019s policies and procedures and Code of Ethics. Clients may contact Kim Morton at (480)716-9049.<\/p><p><strong>Item 7: Requirements for State Registered Advisers<\/strong><\/p><p>Kim Morton has NOT been involved in an arbitration, civil proceeding, self-regulatory proceeding, administrative proceeding, or a bankruptcy petition.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Download Form ADV as PDF WealthLogic (WL) Form ADV Part 2A Item 1: Cover Page 70 S. Val Vista Drive A3 &#8211; 525Gilbert, AZ 85296(480)716-9049 Form ADV Part 2A \u2013 Firm BrochureDated January 22, 2024 This Brochure provides information about the qualifications and business practices of WealthLogic, LLC. If you have any questions about the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/wealthlogicllc.com\/wp-json\/wp\/v2\/pages\/229"}],"collection":[{"href":"https:\/\/wealthlogicllc.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wealthlogicllc.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wealthlogicllc.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wealthlogicllc.com\/wp-json\/wp\/v2\/comments?post=229"}],"version-history":[{"count":43,"href":"https:\/\/wealthlogicllc.com\/wp-json\/wp\/v2\/pages\/229\/revisions"}],"predecessor-version":[{"id":547,"href":"https:\/\/wealthlogicllc.com\/wp-json\/wp\/v2\/pages\/229\/revisions\/547"}],"wp:attachment":[{"href":"https:\/\/wealthlogicllc.com\/wp-json\/wp\/v2\/media?parent=229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}