Firstwave Financial

FirstWave Financial, Inc., also known as First Wave Financial, is an SEC-registered investment adviser established in 1995, located in Florida. The firm offers portfolio management, participant-directed employee benefit services, financial planning, and other services. They primarily recommend target portfolios consisting of mutual funds offered by Dimensional Fund Advisors (DFA), known for their passive asset class investment philosophy with low turnover and lower fees. Clients may have other securities in their portfolios, such as exchange-listed securities, foreign issuers, and fixed income securities. FirstWave provides financial planning services, including personal, tax & cash flow, investments, retirement, estate planning, and risk management. The firm charges fees based on a percentage of assets under management, with rates varying based on the amount of assets. Clients can give discretionary authority to the firm for trading decisions, and FirstWave generally votes proxies for client accounts. The firm does not charge performance-based fees and has no reportable disciplinary events. Clients receive periodic reports and reviews of their accounts, and the firm does not require prepayment of fees exceeding $1,200. FirstWave Financial does not have custody of client assets and does not require a financial statement due to fee prepayment limitations.