Client Relationship Summary
Is an Investment Advisory Account Right for You?
There are different ways you can get help with your investments. You should carefully consider which types of accounts and services are right for you.
Item 1. Introduction
Spirit West Advisors, LLC (“Firm”, “We”, “Us”, “Our”) is an SEC registered investment advisor and provides advisory services for a fee rather than for brokerage commissions. As a retail investor, it is important to understand the differences between services and fees of an investment advisor and a broker-dealer. Investor.gov/CRSoffers free and simple tools to research firms and financial professionals. Additionally, it also provides educational materials about broker-dealers, investment advisors, and investing.
Item 2. Relationships and Services
What investment services and advice can you provide me?
We offer the following investment advisory services to you:
Asset Management: We will offer you advice on a regular basis. We will discuss your investment goals, design with you a strategy to achieve your investment goals, and regularly monitor your account. We will monitor your account on a discretionary basis (we can buy and sell investments in your account without asking you in advance) and/or a non-discretionary basis (you make the ultimate decision regarding the purchase or sale of investments). We do not limit advisors to proprietary products or a limited menu of products and types of investments. This service will continue pursuant to the terms of the executed Advisory Agreement. We have a minimum of $25,000 to open an account.
Additional Information
For more information about our services, we recommend reading our ADV Part 2A Items 4, 5,7 and 10.
Call our firm to request an emailed or mailed version of our ADV Part 2A.
Conversation Starters
“Given my financial situation, should I choose an investment advisory service? Why or why not?”
“How will you choose investments to recommend to me?”
“What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?”
Item 3. Fees, Costs, Conflicts and Standard of Conduct
What fees will I pay?
We are paid for our services as follows:
Asset Management: The amount paid to our firm and your financial professional generally does not vary based on the type of investments selected on your behalf. The asset‐based fee reduces the value of your account and will be generally deducted from your account. Some investments (such as mutual funds and variable annuities) impose additional fees that will reduce the value of your investment over time. Also, with certain investments such as variable annuities, you may have to pay fees such as “surrender charges” to sell the investment. Fees are billed quarterly in advance. Our fees vary and are negotiable. Generally, the more assets you have in the advisory account, the more you will pay in total fees. We therefore have an incentive to increase the assets in your account in order to increase our fees. You may also pay a transaction fee when we buy and sell an investment for you. You will also pay fees to a broker‐dealer or bank that will hold your assets (called “custody”). You pay our advisory fee even if there were no transactions within the account.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. For more information regarding our fees and costs, review ADV Part 2A Item 5.
Conversation Starters
“Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?”
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.
Commissions: Our associated persons may receive commissions from the sale of insurance products and services. This is a conflict of interest because our financial professionals have an incentive to recommend you purchase investments that result in additional compensation to them.
Conversation Starters
“How might your conflicts of interest affect me, and how will you address them?”
Additional Information
For more information about our conflicts of interest, we recommend reading our ADV Part 2A, Items 4 and 10.
How do your financial professionals make money?
Our financial services professionals are compensated based on a percentage of assets they manage, on a portion of the total advisory fees received by us, on hourly fees or fixed fees, by sales commissions, with trips and attendance to conferences, including meals and entertainment, for meeting certain levels of businesses and with additional compensation when they obtain a new client for us.
This is a conflict of interest because our financial professionals have an incentive to encourage you to increase your assets in your accounts, recommend our advisory services to you, and recommend you purchase investments that result in additional compensation to them. For more information about our conflicts of interest, we recommend reading our ADV Part 2A, Item 10.
Item 4. Disciplinary History
Do you or your financial professionals have legal or disciplinary history?
No, please visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
Conversation Starters
“As a financial professional, do you have any disciplinary history? For what type of conduct?”
Item 5. Additional Information
To find additional information about us and to request a copy of the relationship summary, please send us an email at kevin@spiritwestplanning.com. If you would like to request up-to-date information as well as to request a copy of the relationship summary, please contact us via phone at 480-306-7823.
Conversation Starters
“Who is my primary contact person? Is he or she a representative of an investment advisor or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?”
Financial Disclosure Policy
Advisory services are offered through Spirit West Advisors, LLC, an investment Advisor located in Arizona. Insurance products and estate planning services are offered through Spirit West Certified Planning, LLC. Spirit West Advisors, LLC and Spirit West Certified Planning, LLC are affiliated entities.
Being registered as an Investment Advisor does not imply a certain level of skill or training. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions, nor is it intended to be a projection of current or future performance or indication or future results. Opinions expressed herin are solely those of Spirit West Advisors, LLC and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas on this website should be discussed in detail with your individual advisor prior to implementation. The information contained herin should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any state other than the state of Arizona or where otherwise legally permitted. Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former clients. Images and photographs should not be construed as an endorsement or testimonial from any of the persons in the photograph. Financial investments are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investment always involves risk and possible loss of capital.
Privacy Policy
WHAT DOES SPIRIT WEST ADVISORS, LLC DO WITH YOUR PERSONAL INFORMATION?
Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What? The types of personal information we collect, and share depend on the product or service you have with us. This information can include:
Social Security number and income
Account balances and payment history
How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons we choose to share; and whether you can limit this sharing.
Reasons we can share your personal information
for our everyday business purposes—such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
Do we share? Yes
Can you limit this sharing? NO
For our marketing purposes—
to offer our products and services to you
Do we share? Yes Can you limit this sharing? Yes
For joint marketing with other financial companies
Do we share? No Can you limit this sharing? We don’t share.
For our affiliates’ everyday business purposes—
information about your transactions and experiences
Do we share? Yes Can you limit this sharing? Yes
For our affiliates’ everyday business purposes—
information about your creditworthiness
Do we share? No Can you limit this sharing? We don’t share.
We don’t share
For our affiliates to market to you
Do we share? Yes Can you limit this sharing? Yes
For non-affiliates to market to you
Do we share? No Can you limit this sharing? We don’t share.
For buying, selling, or sharing of client data gathered for text messaging.
Do we share? No Can you limit this sharing? We don’t share.
To limit our sharing, call 480-306-7823 to request our mail in privacy policy form.
Who is providing this notice? Spirit West Advisors, LLC
How do we protect your personal information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How do we collect your personal information?
We collect your personal information, for example, when you
Open an account or deposit money
Why can’t I limit all sharing?
Federal law gives you the right to limit only
Affiliates from using your information to market to you
Sharing for non-affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
What happens when I limit sharing for an account I hold jointly?
Your choices will apply to everyone on your account—unless you tell us otherwise.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and non-financial companies.
Non-affiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
Joint marketing
A formal agreement between non-affiliated financial companies