Form CRS
- Regent Peak Wealth Advisors LLC
- 11-10-2023
Regent Peak Wealth Advisors LLC is registered with the Securities and Exchange Commission as an investment adviser and, as such, we provide advisory services rather than brokerage services. Brokerage and investment advisory services and fees differ and it is important for you, our client, to understand the differences. Additionally, free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing. This document is a summary of the services and fees we offer to "retail" investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.
What investment services and advice can you provide me?
We offer the following investment advisory services to retail investors: Financial Planning Services; Portfolio Management Services; Pension Consulting Services; Selection of Other Advisers; Family Office and Wealth Planning Services; Detailed information regarding our services, fees and other disclosures can be found in our Form ADV Part 2A Items 4, 7, and 8 by clicking this link https://adviserinfo.sec.gov/firm/brochure/298259.
Account Monitoring: We monitor portfolios on a continuous basis and will conduct account reviews with clients (subject to client availability), at least annually.
Investment Authority: We manage investment accounts on a discretionary basis whereby we will decide which investments to buy or sell for your account. We have discretion to select, retain or replace third-party managers to manage your accounts. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. We also offer non-discretionary investment management services whereby we will provide advice, but you will ultimately decide which investments to buy and sell for your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.
Investment Offerings: We provide advice on various types of investments. Our services are not limited to a specific type of investment or product.
Account Minimums and Requirements: For portfolio management services we require a minimum annual fee of $15,000, however, we reserve the right to reduce or eliminate the minimum at our discretion.
Key Questions to Ask Your Financial Professional
- Given my financial situation, should I choose an investment advisory service? Why or Why Not?
- How will you choose investments to recommend to me?
- What is your relevant experience, including your licenses, education and other qualifications?
- What do these qualifications mean?
What fees will I pay?
The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services. For detailed information, refer to our Form ADV Part 2A, Items 5 and 6 by clicking this link https://adviserinfo.sec.gov/firm/brochure/298259.
- Asset Based Fees - Payable quarterly in advance. Fees we receive are asset-based (i.e. based on the value of your account), we have an incentive to increase your account value which creates a conflict especially for those accounts holding illiquid or hard-to-value assets;
- Fees for Financial Planning; Pension Consulting; and Family Office and Wealth Planning are negotiated; however, we may waive the fee or credit a portion or all of the fee towards portfolio management services when the client contracts for such services.
- Commissions - When we act as a broker and not as an adviser you will pay commissions.
- Other Advisory Fees - In addition to our fees, you may pay Advisory fees charged by third party money managers, which are separate and apart from our fees.
- Clients pay the following addition fees and/or expenses as applicable: ETFs, Mutual Funds expenses, fees related to variable annuities, including surrender charges.
Examples of the most common fees and costs applicable to our clients are:
Custodian fees and Account maintenance fees; Fees related to mutual funds and exchange-traded funds; Transaction charges when purchasing or selling securities; and Other product-level fees associated with your investments.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
Key Questions to Ask Your Financial Professional
Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.
At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.
- Revenue Sharing: We have revenue sharing arrangements with the Demand Deposit Marketplace Program ("DDM"). We receive compensation for client participation in the DDM Program. This presents a conflict of interest, as the receipt of compensation provides an incentive to recommend the product based on such compensation, rather than on a particular client's need.
- Third-Party Payments: Persons providing advice on behalf of our firm are registered representatives with a brokerdealer and/or licensed as independent insurance agents. These persons receive compensation in connection with the purchase and sale of securities, insurance or other investment products. Compensation earned by these persons is separate and in addition to our advisory fees. This practice presents a conflict of interest because they have an incentive to recommend investment products or insurance based on the compensation received rather than solely based on your needs.
- Business Loans: Charles Schwab & Co., Inc. (Schwab) has provided a loan to us, to assist our business operations. This presents a conflict of interest as the loan provides an incentive to recommend and direct accounts to be opened with Schwab.
Refer to our Form ADV Part 2A by clicking this link https://adviserinfo.sec.gov/firm/brochure/298259 to help you understand what conflicts exist.
Key Questions to Ask Your Financial Professional
How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money? The financial professionals servicing your account(s) are compensated in the following ways: Salary, Bonus, and Product Sales Commissions when acting as a broker. Financial professionals' compensation is based on the amount of client assets they service and the revenue the firm earns from the person's services or recommendations. The bonus compensation paid to our financial professionals involves a conflict of interest because they have a financial incentive to refer clients to our firm.
Do you or your financial professionals have legal or disciplinary history? No, our firm and our financial professionals currently do not have any legal or disciplinary history to disclose. Visit Investor.gov/CRS for a free and simple research tool.
Key Questions to Ask Your Financial Professional
As a financial professional, do you have any disciplinary history? For what type of conduct?
You can find additional information about your investment advisory services and request a copy of the relationship summary at 470-867-3550 or click the link provided https://adviserinfo.sec.gov/firm/brochure/298259.
Key Questions to Ask Your Financial Professional
- Who is my primary contact person?
- Is he or she a representative of an investment adviser or a broker-dealer?
- Who can I talk to if I have concerns about how this person is treating me?
Contact Us
Regent Peak Wealth Advisors is a registered independent advisory firm dedicated to working with creators of significant wealth, including multi-generational families, business owners, entrepreneurs, corporate executives, as well as trustees and board directors.