Cherry Bekaert Wealth Management LLC

Cherry Bekaert Wealth Management LLC, established in August 1998 and registered with the SEC in June 2005, is a Virginia-based investment adviser managing approximately $558 million on a discretionary basis as of April 30, 2022. The firm offers portfolio management, financial planning, investment advisory oversight, 1031 Like-Kind Exchange advisory, and retirement plan services to individuals, high net-worth individuals, pension plans, charitable organizations, and more. Their investment philosophy is based on Modern Portfolio Theory, focusing on asset allocation tailored to client goals and risk tolerance. Cherry Bekaert primarily recommends open-end mutual funds and fixed income securities, with the ability to consider individual securities based on client needs. The firm charges fees based on a percentage of assets under management, typically not exceeding 1.5% annually, with negotiable fee arrangements. Clients are advised to have investable assets of at least $500,000, although lower amounts may be accepted. The firm does not charge performance-based fees and does not exercise proxy-voting authority on client securities. Cherry Bekaert Wealth Management does not have any disciplinary events to disclose and maintains a Code of Ethics to ensure ethical conduct. The firm does not physically hold client assets but uses unaffiliated custodians. Clients receive quarterly statements directly from the custodian for review.