Is an Investment Advisory Account Right for You?
There are different ways you can get help with your investments. You should carefully consider which types of accounts and services are right for you.
Item 1. IntroductionTeam Financial Group, LLC dba Team Wealth & Tax Advisors (“TWTA”, “Firm”, “We”, “Us”, “Our”) is an SEC registered investment advisor and provides advisory services for a fee rather than for brokerage commissions. As a retail investor, it is important to understand the differences between services and fees of an investment advisor and a broker-dealer. Investor.gov/CRS offers free and simple tools to research firms and financial professionals. Additionally, it also provides educational materials about broker-dealers, investment advisors, and investing.
Item 2. Relationships and ServicesWhat investment services and advice can you provide me?We offer the following investment advisory services to you: Asset Management: We will offer you advice on a regular basis. We will discuss your investment goals, design with you a strategy to achieve your investment goals, and regularly monitor your account. We will monitor your account on a discretionary basis (we can buy and sellinvestments in your account without asking you in advance). We do not limit advisors to proprietary products or a limited menu of products and types of investments. This service will continue pursuant to the terms of the executed Advisory Agreement. We have a minimum of $100,000 to open an account. For clients with at least $750,000 of assets under management with us we will provide complimentary tax planning and tax preparation services. Financial Planning: Services will be provided to you based on your selection on the Advisory Agreement and may include, but are not limited to, a review of investment accounts, including reviewing asset allocation and providing repositioning recommendations; strategic tax planning; a review of retirement accounts and plans that have recommendations; a review of insurance policies and recommendations for changes, if necessary; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations. Services will be considered complete upon delivery of the plan.Basic Estate Planning: TWTA has partnered with an unaffiliated company, to coordinate basic estate plans. Basic estate plans can include the following: Trust, Certification of trust, General transfer, Property agreement for community property states, Financial Power of Attorney, Medical Power of Attorney or Advanced Health Care Directive, HIPPA Release, Will, Deed(s) for real property.
Additional InformationFor more information about our services, we recommended reading our ADV Part 2A Items 4, 5, 7 and 10.
Conversation Starters“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?”
Item 3. Fees, Costs, Conflicts and Standard of ConductWhat fees will I pay?We are paid for our services as follows:Asset Management: The amount paid to our firm and your financial professional generally does not vary based on the type of investments selected on your behalf. The asset-based fee reduces the value of your account and will be generally deducted from your account. Some investments (such as mutual funds and variable annuities) impose additional fees that will reduce the value of your investment over time. Also, with certain investments such as variable annuities, you may have to pay fees such as “surrender charges” to sell the investment. Fees are billed monthly in arrears. Our fees vary and are negotiable. Generally, the more assets you have in the advisory account, the more you will pay in total fees. We therefore have an incentive to increase the assets in your account in order to increase our fees. You may also pay a transaction fee when we buy and sell an investment for you. You will also pay fees to a broker-dealer or bank that will hold your assets (called “custody”). You pay our advisory fee even if there were not transactions within the account.Financial Planning: We charge a fixed fee between $500 and $2,500, payable upon delivery of the completed plan.Basic Estate Planning: TWTA charges a maximum flat fee of $1,800 for single person and $2,000 for a married couple for a basic estate plan and $250 for each additional property/entity to be added to the estate plan. Fees are due upon execution of the agreement. Estate plans are completed within 30 days of receiving all required information from the client.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. For more information regarding our fees and costs, review ADV Part 2A Item 5
Conversation Starters“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.Commissions: Our firm and our associated persons may receive commissions from the sale of insurance products and services. This conflict is mitigated by our fiduciary duty and adherence to our code of ethics. When referring clients to purchase insurance, the client’s best interest will be the main determining factor.
Conversation Starters“How might your conflicts of interest affect me, and how will you address them?”
Additional InformationFor more information about our conflicts of interest, we recommend reading our ADV Part 2A, Items 4 and 10. How do your financial professionals make money?Our financial services professionals are compensated based on a percentage of assets they manage, on a portion of the total advisory fees received by us, on hourly fees or fixed fees, by sales commissions, a base salary with discretionary bonuses, with trips and attendance to conferences, including meals and entertainment, for meeting certain levels of businesses and with additional compensation when they obtain a new client for us.This is a conflict of interest because our financial professionals have an incentive to encourage you to increase your assets in your accounts, recommend our advisory services to you, and recommend you purchase investments that result in additional compensation to them. For more information about our conflicts of interest, we recommend reading our ADV Part 2A, Item 10.
Item 4. Disciplinary HistoryDo you or your financial professionals have legal or disciplinary history?No, please visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
Conversation Starters“As a financial professional, do you have any disciplinary history? For what type of conduct?”
Item 5. Additional InformationTo find additional information about us and to request a copy of the relationship summary, please go to www.wealthandtax.com or send us an email at firstname.lastname@example.org. If you would like to request up-to-date information as well as to request a copy of the relationship summary, please contact us via phone at 951-308-6444.
Conversation Starters“Who is my primary contact person? Is he or she a representative of an investment advisor or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?"
(For a printable copy of our firm's customer relationship summary, CRS)