Introduction

Garrison Murphy Wealth Management, LLC (GMWM, LLC) is an investment adviser registered with the Securities and Exchange Commission. We feel that it is important for you to understand the difference in services offered and fees charged by investment advisory and brokerage services firm, also known as broker-dealers, to determine which type of account management is right for you.  There are free and simple tools available to research firms and financial professionals at www.investor.gov/CRS which also provides educational materials about investment advisers, broker-dealers and investing. 

What types of investment services and advice can you provide me?

As an SEC registered investment adviser, GMWM, LLC offers its investment advisory services to retail investors for an ongoing asset-based fee calculated on the value of cash and investments in your account including the value of any securities purchased on margin if you have signed a separate margin agreement.

We provide integrated wealth advisory services to our clients, taking into account the desired outcome, level of complexity and overall scope of engagement as determined during initial meetings. As part of providing these integrated services we may offer advice on a variety of interrelated issues including situational analysis, cash flow, budgeting, financial planning, estate planning, discretionary portfolio management services, risk mitigation and family education/sustainability services. All services are conducted in coordination with the clients' outside advisors including accountants, insurance providers and attorneys and our investment advice is tailored in all cases to meet our clients' needs, circumstances, and investment objectives.

Our accounts are managed on a discretionary basis which means we do not need your pre-approval when buying or selling in your account.  You will sign an investment management agreement giving us this authority and you may terminate the agreement upon 30 days written notice. 

We monitor client portfolios and overall wealth advisory advice internally on a continuous and ongoing basis. Our staff will conduct annual reviews with you at a minimum to ensure that the services provided are consistent with your stated needs and objectives.

Additional information about our advisory services is located in Item 4 of our Firm Brochure available online at https://adviserinfo.sec.gov/firm/summary/298004.

Questions to Ask Us:

  • 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 those qualifications mean? 

What fees and costs will I pay?

Fees and costs affect the value of your account over time.  Please ask your adviser to give you personalized information on the fees and costs that you will pay. 

The most common fees and costs applicable to our clients are:  

      1. GMWM Investment Advisory Fees
      2. Fees related to mutual funds, exchange-traded funds, and private funds that we select
      3. Transaction charges when purchasing or selling securities
      4. Custodian fees

Our fee for wealth advisory services is based on a percentage of the assets in your account and is set forth in our investment advisory agreement but will not exceed 0.75% per annum.  Advisory fees charged by third party managers we allocate your assets to are separate and apart from our fees and will reduce the value of your investments.

It is important for you to know however that GMWM, LLC does not receive additional fees or compensation of any kind from the underlying managers we choose to invest your assets.

Additional information about our fees is located in Item 5 of our Firm Brochure available online at https://adviserinfo.sec.gov/firm/summary/298004. 

Questions to Ask Us:

  • Help me understand how these fees and costs will affect my investments.  If I give you $10,000 to invest, how much will to go to fees and costs and how much will be invested for me?
  • How do you determine what fee I will be charged?

What are your legal obligations to me when acting as my investment adviser?  How does your firm make money and what conflicts of interest do you have?

We act exclusively as your investment adviser and have a fiduciary duty to place the interest of our clients ahead of our own and the firm.

The firm’s revenue comes solely from the advisory fees we collect from your accounts each month.  Our financial professionals are employees of the firm and are paid a fixed monthly salary.  We do not receive any compensation from any third party in connection with providing investment advice to you nor do we compensate any individual or firm for client referrals.

Though we seek to eliminate or minimize conflicts where possible, some are unavoidable. To help you understand what conflicts exist, please refer to our Form ADV Part 2A Items 5, 12 and 14 by clicking this link   (https://adviserinfo.sec.gov/firm/summary/298004).

Do you or your financial professionals have legal or disciplinary history?

No, our firm and/or financial professionals do not have any legal and disciplinary history.  Visit www.investor.gov/CRS for a free and simple search tool to research our firm and our financial professionals.

Additional Information

You can find additional information about our firm’s investment advisory services on the SEC’s website at https://adviserinfo.sec.gov/firm/summary/298004.  You may also contact our firm at (716)462-5468 to speak with any one of our investment professionals.

Questions to Ask Us:

  • 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?