Tenon Financial

**Background and Expertise:** Tenon Financial LLC, established in March 2019, is a registered Investment Adviser with the U.S. Securities and Exchange Commission. The firm specializes in Investment Management Services, offering individually tailored investment portfolios and continuous advice based on clients' needs. The principal owner is Andrew Panko. Tenon Financial reports $208,315,421 in discretionary Assets Under Management as of December 31, 2024. **Consumer-Facing Terms:** - **Minimum Initial Investment:** No minimum account size requirement. - **Fee Structure:** Fees are based on service offerings: - Ongoing Financial Planning and Investment Management: Annual fees range from $3,600 to $36,000, paid quarterly. - Financial Plan Creation: Typically $4,000 to $6,000 for a married couple, $3,000 to $5,000 for an individual. - Financial Planning Hourly Fee: $300 per hour. - **Fiduciary:** Acts as a fiduciary, obligated to act in the best interests of clients. - **Investment Discretion:** Maintains discretion over client accounts for buying and selling securities. - **Investment Strategy:** Primarily practices passive investment management, utilizing fundamental, technical, and cyclical analysis methods. - **Risk of Loss:** Involves market risk, strategy risk, small and medium cap company risk, turnover risk, limited markets risk, concentration risk, interest rate risk, legal or legislative risk, inflation risk, and risks associated with specific securities. **Advisory Business Description:** Tenon Financial offers Investment Management Services and Ongoing Financial Planning, assisting clients in developing and implementing financial plans covering areas such as business planning, cash flow management, college savings, employee benefits optimization, estate planning, financial goals, insurance, investment analysis, retirement planning, risk management, and tax planning strategies. Clients receive written or electronic reports detailing their financial plans and ongoing monitoring. This summary provides a comprehensive overview of Tenon Financial LLC's background, expertise, consumer-facing terms, and advisory business description as outlined in their brochure dated January 7, 2025.