CLEARVIEW WEALTH ADVISORS, LLC, CUSTOMER RELATIONSHIP SUMMARY (FORM CRS)
Clearview Wealth Advisors, LLC (“CWA”) is registered with the Securities and Exchange Commission (“SEC”) as an Investment Adviser. Brokerage and investment advisory services and fees differ and it is important for you to understand these differences. The SEC offers free and simple tools to research firms and financial professionals at www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers and investing.
Relationships and Services
What investment services and advice can you provide me?
Our firm offers the following principal investment advisory services to you: Portfolio Management, Financial Planning and Consulting. Portfolio Management Services include the provision of continuous advice to you or investing your account based on your particular circumstances. We offer this service on a discretionary or non-discretionary basis. When engaged on a discretionary basis, we will buy and sell investments in your account as appropriate without requiring your pre-approval on an ongoing basis until you notify us in writing to switch. You may impose reasonable restrictions. When engaged on a non-discretionary basis, you make the ultimate decision regarding the purchase or sale of investments. Portfolio Management Services may also be offered through the Clearview Wealth Advisors, LLC WRAP Fee Program ("Program") on a discretionary basis only. However, you may impose reasonable restrictions. When appropriate, we may recommend investments in Third Party Asset Managers (“TPAM”). In all discretionary accounts, except to the extent you direct otherwise, we are authorized to use our discretion in selecting or changing a TPAM without prior notice to you. While the underlying securities managed by us are continually monitored, your accounts are reviewed at least annually. Financial Planning is a comprehensive evaluation of your current and future financial state. Through this process, all questions, information and analysis are considered as they impact and are impacted by your financial and life situation. Clients purchasing this service receive a written report which provides you with a detailed financial plan designed to assist you in achieving your financial goals and objectives. This service is provided on a non-discretionary basis and does not include account monitoring. Consulting services are available for those clients desiring to receive specific and focused investment advice, which may include advice on only an isolated area(s) of concern or other specific topic. We also provide specific consultation and administrative services regarding investment and financial concerns of the client. All recommendations are of a generic nature and are not limited to any specific product or service offered by a broker-dealer or insurance company. This service is provided on a non-discretionary basis and does not include account monitoring. For all services described above, we do not have any account or investment minimums or limit our advice to specific products or services.
For additional information, including minimum investment amounts, please see our Form ADV, Part 2A Disclosure Brochure and Appendix 1 Wrap Brochure (Items 4 & 7 of Part 2A and Items 4.A. & 5 of Appendix 1) available at: https://www.adviserinfo.sec.gov/IAPD/default.aspx.
Fees, Costs, Conflicts and Standard of Conduct
What fees will I pay?
Our fees can be assessed quarterly and are disclosed in our Form ADV Part 1A, Item 5.E. and more fully described in our Form ADV Part 2A, Item 5 and Appendix 1 (Wrap Brochure), Item 4. Portfolio Management Services fees, including those of our Wrap Program, are calculated as a percentage of assets under management (“AUM”), according to a tiered schedule or fixed rate. Fixed percentage fees range from 0% to 2.5% annually. On a tiered basis, the annualized fee based on your AUM range from .70% to 1.5%. These fees are negotiable (unless in the Wrap Program). When we utilize a TPAM to manage your assets, the annual fees above can increase by as much as 1%. Their fees generally range from 0.35% to 1.25% of the client’s AUM. Fees for these services are generally not negotiable and are in addition to the fees you pay to us. Asset-based fees associated with the Wrap Program will include most transaction cost and fees to a broker-dealer that has custody of these assets, and therefore are higher than a typical asset-based advisory fee. Financial Planning fees are determined based on the nature of the services being provided and the complexity of your circumstances. Hourly fees range from $0 to $1,000 per hour and are charged quarterly in arrears. Fixed fees typically range from $0 to
$10,000, depending on the specific arrangement. We may request a retainer and the balance is due upon completion of the plan. Consulting fees are charged on either an hourly or fixed fee basis and are billed monthly or quarterly in arrears based on the actual hours accrued and your agreement. Hourly fees range from $0 to $1,000 per hour and fixed fees typically range from $0 to $10,000, subject to the specific arrangement reached with the client. Some fees create a conflict of interest described below and in more detail in
our Firm's Part 2A and Appendix 1. When we charge you an asset based fee, more assets in the account will cause you to pay more in fees and therefore we may have an incentive to encourage you to increase the amount of money invested in those accounts. When we charge an hourly fee, we have an incentive to recommend specific courses of action through our services that may lead to us receiving additional compensation. There are other fees and costs related to our investment advisory services and investments in addition to the principal fees and costs listed above that you will pay directly or indirectly. You should understand that the fees discussed above are specific to what we charge and do not include certain charges imposed by third parties, such as custodial fees, exchange traded or mutual fund fees and expenses, additional fees charged by Wrap Sponsors, TPAMs, asset-based transaction fees, brokerage fees and commissions, and other fees and taxes on brokerage accounts and securities transactions.
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 additional information about our fees and costs, please see our Form ADV, Part 2A Disclosure Brochure and Appendix 1 Wrap Brochure (specifically Item 5 of the Brochure and Item 4 of Appendix 1) available at https://www.adviserinfo.sec.gov/IAPD/default.aspx.
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. As mentioned above, the more assets the client has in his/her account, the more we receive in fees. We therefore have an incentive to encourage a client to increase the assets in his/her account. Also, we receive compensation as a result of your participation in the Wrap Program which may be more than the amount we would receive if you paid separately for investment advice, brokerage and other services. This gives us a financial incentive to recommend the Program. Our financial professionals, in their individual and separate capacities, may be agents for various insurance companies. As such, these individuals are able to receive separate, yet customary compensation resulting from implementing product transactions on behalf of advisory clients. However, you are not under any obligation to engage these individuals when considering implementation of advisory recommendations. When we utilize a TPAM, our firm receives a portion of the advisory fees from the TPAM and have a financial incentive to offer products where the firm benefits. This arrangement will impact the value of your investment over time.
For additional information, please see Item 5 of our Form ADV, Part 2A (Disclosure Brochure) and Item4 of Appendix 1 (Wrap
Brochure) available at https://www.adviserinfo.sec.gov/IAPD/default.aspx.
How do your financial professionals make money?
Our financial professionals are partners of the LLC or salaried employees. Partners are paid based on the net revenue (income less expenses) of the firm. Discretionary bonuses for employees are possible. The discretionary bonus is determined by the Partners.
Do you or your financial professionals have legal or disciplinary history?
Neither our firm nor our financial professionals have any legal or disciplinary history. Visit www.investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
Additional Information You can find additional information about our services and request a copy of this relationship summary by visiting http://www.cwa2020.com; emailing email@example.com or calling (503) 400-7800.
Advisory services offered through Clearview Wealth Advisors (CWA), a registered investment advisor.
Information presented on this website is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from a qualified professional.