Emde Wealth Management LLC

Emde Wealth Management serves individuals — including high-net-worth clients — as well as pension and profit-sharing plans and other business entities; the firm manages about $45 million across roughly 75 client relationships and offers comprehensive financial planning, discretionary portfolio management, and retirement-plan consulting (including ERISA 3(21) services). It provides an initial consultation and delivers written financial plans, and portfolio management begins only after a signed advisory agreement.

The firm constructs individualized asset-allocation portfolios and at times uses tactical asset allocation to adjust exposures; holdings may include U.S. and international equities, fixed income, ETFs and mutual funds, as well as alternative investments and private placements, and accounts are monitored and rebalanced on an ongoing basis. Clients may impose written investment restrictions, the firm generally manages accounts on a discretionary basis, and it intends to meet with clients at least annually while custodial statements are provided by third-party custodians.

Noteworthy aspects disclosed in the brochure include that the firm’s principal conducts outside insurance activities and is a registered representative of a broker-dealer, and may recommend insurance or brokerage products that generate separate commissions — conflicts the firm discloses and says it seeks to mitigate while noting clients are not obligated to use those services. The filing also emphasizes use of less-common instruments for a firm of this size (private placements, alternative investments and margin) by adding specific risk disclosures for those investments and identifies Charles Schwab and Altruist as recommended custodians.