Pbmares Wealth Management LLC

PBMares Wealth Management LLC, a registered investment adviser, has been providing advisory services since 1999. With $1,299,671,600 managed on a discretionary basis as of December 31, 2024, the firm caters to individuals, high-net-worth individuals, retirement plans, charitable organizations, trusts, and small businesses. Their investment philosophy is rooted in Modern Portfolio Theory, emphasizing asset allocation over market timing or stock picking. PBMares primarily recommends diversified portfolios of mutual funds and ETFs, focusing on passive and evidence-based strategies with low turnover and expenses. They may also manage fixed income portfolios and offer wealth management services beyond investment management. Clients are charged annual fees ranging from 0.35% to 1.50% based on assets under management, with additional fees for services like financial planning. The firm acts as a fiduciary under ERISA and the IRC, ensuring clients' best interests. PBMares does not charge performance-based fees and does not vote proxies on behalf of clients. Clients retain responsibility for voting proxies and legal proceedings involving securities in their portfolios. PBMares does not have custody over client funds but may have constructive custody due to fee deductions and Standing Letters of Authorization. The firm operates under a Code of Ethics, ensuring ethical conduct and supervising personal securities transactions of employees. PBMares does not engage in principal or agency cross transactions for client accounts.