Bone Fide Wealth

Bone Fide Wealth, LLC, based in New York, NY, is a registered investment adviser specializing in asset management services through a wrap-fee program. Established in June 2019, the firm is owned by Douglas A. Boneparth. Clients participating in the program pay a single fee covering money management, transaction costs, and administrative expenses. The firm provides discretionary asset management services, requiring clients to grant discretionary authority for investment decisions. Assets are held at Commonwealth Financial Network/National Financial Services. The annual wrap fee is tiered based on account size, with a negotiable fee for accounts over $10,000,000. Clients must maintain a minimum account size of $25,000, which may be waived at the firm's discretion. Bone Fide Wealth conducts economic, fundamental, and technical analysis to formulate investment strategies tailored to individual client objectives and risk tolerance. The firm does not accept performance-based fees or engage in side-by-side management. Clients are advised on IRA rollovers, with a focus on fiduciary responsibilities and potential conflicts of interest. The firm emphasizes ongoing account monitoring, quarterly reviews, and transparent reporting to ensure alignment with client goals and objectives. Clients are responsible for voting proxies and are encouraged to consult tax professionals for tax implications. Bone Fide Wealth compensates non-employee solicitors for client referrals, with referral fees contingent on clients entering into advisory agreements. The firm does not aggregate trades, ensuring transparency in pricing for clients. In the event of trade errors, corrective actions are taken to restore client accounts. Bone Fide Wealth does not initiate or participate in class action lawsuits on behalf of clients. The firm has not filed for bankruptcy in the past ten years.