Customer Relationship Summary
Aegis Wealth Group, LLC, dba Everspire 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. Investor.gov/CRS provides free and simple tools to research financial firms and professionals as well as educational materials about broker-dealers, investment advisers, and investing.
Relationships and Services
What investment services and advice can you provide me?
Everspire offers the following investment advisory services to retail investors, including individuals, high net worth individuals, and businesses:
1. Financial Planning: Our advisors gather information about your finances, discuss your goals, establish metrics for success, and we then prepare and maintain a personalized financial plan for you.
2. Wealth Management / Dedicated Advisor: We evaluate your current investments, determine your objectives and risk tolerance, and propose an investment strategy. As part of our standard service we then monitor that strategy on an ongoing basis, including an annual review and ongoing availability for consultation.
3. Investment Management: Everspire analyzes market conditions, asset classes, and investment vehicles; constructs model portfolios; implements those models in your account(s); and monitors your portfolio on an ongoing basis (our SMA service). We can also manage multiple or complex accounts for tax efficiency and cash management (our UMA service). These services are offered on a discretionary basis, which means that you grant us limited authority to buy and sell investments without asking for authorization each time.
Wrap Fee Program: We also offer the above services through a wrap fee program. In a wrap fee program you do not pay any trading costs for accounts enrolled in the program. Wrap fee clients must use Charles Schwab as their account custodian. One version of our wrap fee program utilizes Charles Schwab’s automated (“robo”) trading platform and those accounts have a $5,000 minimum.
Limited Investment Offerings: While we can advise on any investment asset, we primarily recommend mutual funds, ETFs, and individual stocks in our model portfolios.
Additional information: Please see Items 4 and 7 of our Form ADV, Part 2A brochure (“Firm Brochure”) or Items 4.A and 5 of our Form ADV, Part 2A Appendix 1 (“Wrap Brochure”) These documents can be accessed here.
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 these qualifications mean?
Fees, Costs, Conflicts, and Standard of Conduct
“What fees will I pay?”
Fees. We charge you a percentage of the assets that we manage for you. This fee is calculated and charged at the end of each month and is automatically deducted from your account. The more assets there are in your accounts, the more you will pay in fees, so we have an incentive to encourage you to increase your assets with us.
Wrap Fee Program: In our wrap fee program, Everspire pays all transaction costs charged by your account custodian. Our fee may be higher than a comparable service that requires you to bear for your own trading costs.
Other Fees and Costs Related to Investment Advisory Services: Client accounts may also be subject to other expenses not under the control of the adviser. These include custodial charges and investment management and other fees charged by ETFs, money market funds, or mutual funds that you own in your account.
Additional Information. 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. Make sure you understand what fees and costs you are paying. Please see our Firm Brochure (Item 5) or Wrap Brochure (Item 4) here.
Questions to Ask Us:
- 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?”
Conflicts of Interest. 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. For example, Charles Schwab is the custodian we recommend to clients. They provide access to a range of investments but they also offer other resources that help us develop our business. These resources may play a part in our choice of custodians. We address this conflict of interest by carefully vetting our custodians and providing clients a choice of custodians.
Questions to Ask Us:
- How might your conflicts of interest affect me, and how will you address them?
Additional information. For additional information on these conflicts of interest please see our Firm Brochure (Items 5, 10, 11, and 12) and Wrap Brochure (Item 9) here.
“How do your financial professionals make money?”
We benefit from the advisory fees we receive from you. Our financial professionals receive a portion of that revenue as compensation, so they have an incentive to increase the assets they manage. Everspire does not receive commissions from clients. However, some of our financial professionals are also registered representatives of MHL, Inc., a FINRA broker dealer. These advisers can recommend commission-based products, for which they receive compensation. As a result, they may have an incentive to solicit commission-based products based on the compensation received. For additional information on these conflicts of interest please see our Firm Brochure (Items 5, 10, 11, and 12) and Wrap Brochure (Item 9) here. MHL is an affiliate of Everspire and their Customer Relationship Summary can be found here.
“Do you or your financial professionals have legal or disciplinary history?”
Neither Everspire nor any of our financial professionals have legal and disciplinary events to report. Visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
Questions to Ask Us:
- As a financial professional, do you have any disciplinary history? For what type of conduct?
For additional information on our advisory services, see our Firm Brochure and Wrap Brochure available here or by visiting https://adviserinfo.sec.gov/firm/summary/222515 . If you have any questions, need additional up-to-date information, or want a copy of this Client Relationship Summary, then please contact us at 801-545-8706.
Questions to ask Us: Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer?