Lodestone Wealth Management LLC

Lodestone Wealth Management, established in October 2009, is a registered investment advisor based in Spokane, WA. The firm, led by Daniel Murphy and Andrew McDirmid, offers discretionary portfolio management and financial planning services to clients. Clients' portfolios typically consist of a mix of publicly traded exchange-traded funds, mutual funds, individual stocks, and fixed income securities. The firm may also engage third-party investment advisors ("Separate Managers") when deemed beneficial for clients. Clients have the option to impose restrictions on investments, with continuous portfolio reviews to align with their goals. The firm charges an annual asset-based management fee, with rates ranging from 1.25% to negotiable percentages based on total assets under management. Additionally, financial planning services are offered at fixed rates. Lodestone Wealth Management does not participate in wrap fee programs and managed assets totaling $306,205,522 as of 12/31/2024. The firm acts as a fiduciary, putting clients' interests first, and does not charge performance-based fees. Clients are encouraged to review custodial statements and reports provided by the custodian for account activity. The firm does not compensate for client referrals and maintains a Code of Ethics to ensure ethical business practices. Lodestone Wealth Management recommends Charles Schwab & Co., Inc. or Fidelity Brokerage Services, LLC as custodians, with a focus on best execution and minimizing trading costs for clients.