PWA Financial is organized in the state of Pennsylvania. The firm was formed in January 2013; the principal owners are Michael D. Carlucci and Kenneth C. Coniglio.
PWA Financial is a financial advisory services firm located in the Newtown-Yardley area of Lower Bucks County Pennsylvania offering investment management and strategic planning services for moderate to high net worth individuals, their families, and their businesses throughout the Delaware Valley.
PWA Financial believes that effective investment management starts with a comprehensive client profiling process designed to clearly identify each individual’s goals, time horizon, tolerance for risk and prior investment experience. Once an investor’s profile is developed, a simple Investment Policy Statement is created, which after being agreed upon, becomes the foundation for the investment process. (Penn Wealth also provides a similar profiling service for small businesses seeking a more personalized profiling approach for their employee retirement plans.)
PWA Financial incorporates the traditional “Modern Portfolio Theory” of Asset Allocation and the Efficient Frontier in executing each client’s investment policy. Portfolios are built using traditional publicly traded investment instruments such as: Individual Common Stock, Government and Agency Bonds, Corporate Bonds, Municipal Bonds, Mutual Funds – closed and open ended, and Exchange Trade Funds (ETF).
The firm believes that true diversification will often incorporate the use of non-traditional and alternative asset classes for certain clients. These products will include publicly and non-publicly traded: Long/Short and Hedged Equity Strategies, Managed Futures Products, opportunistic fixed income, Real Estate Investment Trusts (REITS), and Separately Managed Accounts.
All client advisory relationships are fee based and the firm offers a variety of traditional proprietary Separately Managed Accounts (SMA’s) including: All Cap Value, Large Cap Growth, and Global Allocation Strategies, and most are offered in equity as well as balanced versions. The firm utilizes the services of outside sub-advisors for the management of certain specialized investment strategies. The firm also offers managed mutual fund strategies which can be incorporated for accounts as small as $5,000 in value.
The firm’s primary custodian is TD Ameritrade. TD will be responsible for all custodial services, monthly account statements, client billing, and year-end tax reporting. All performance reporting will be provided through Schwab Performance Technology based products.
