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Form CRS

CLICK HERE for FORM CRS PDF

Koa Wealth Management, LLC

June 11, 2020

FORM CRS

Koa Wealth Management, LLC is registered with the Securities and Exchange Commission as an investment adviser and, as such, we provide advisory services rather than brokerage services. Brokerage and investment advisory services and fees differ and it is important for you, our client, to understand the differences. Additionally, free and simple tools are available to research firms and financial professionals at Investor.gov/CRS which also provides educational materials about broker-dealers, investment advisers, and investing. This document is a summary of the services and fees we offer to “retail” investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.

What investment services and advice can you provide me?
We offer the following investment advisory services to retail investors: Financial Planning Services;
Investment Management Services; Retirement Plan Consulting Services. Detailed information regarding our services, fees and other disclosures can be found in our Form ADV Part 2A Brochure Items 4, 7, and 8 by clicking this link https://adviserinfo.sec.gov/firm/brochure/297004.

Account Monitoring: If you open an investment account with our firm, as part of our standard service we will monitor your investments on a daily basis. If you engage our firm for more limited services that do not involve Investment Management Services, we will only monitor your investments if specified in the agreement you sign with our firm.

Investment Authority: We manage investment accounts on a discretionary basis whereby we will decide which investments to buy or sell for your account. We have discretion to select, retain or replace third-party managers to manage your accounts. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in
writing. We also offer non-discretionary investment management services whereby we will provide advice, but you will ultimately decide which investments to buy and sell for your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.

Investment Offerings: We offer advice on the following types of investments or products: equity securities, corporate debt securities (other than commercial paper), commercial paper, certificates of deposit, municipal securities, variable annuities, mutual fund shares, United States government securities, money market funds, REITs, ETFs and private placements. We may also provide advice on additional products as necessary for our individualized investment advice.

Account Minimums and Requirements: In general, we do not require a minimum dollar amount to open and maintain an advisory account.

What fees will I pay?
The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services.
For detailed information, refer to our Form ADV Part 2A Brochure, Items 5 and 6 by clicking this link https://adviserinfo.sec.gov/firm/brochure/297004.

  • Asset Based Fees – Payable monthly in advance. Since the fees we receive are asset-based (i.e. based on the value of your account), we have an incentive to increase your account value which creates a conflict especially for those accounts holding illiquid or hard-to-value assets;
  • Hourly Fees – Payable half up-front, based on an estimate of total hours required for services, with the balance due upon completion of the agreed upon services or upon delivery of the services.
  • Fixed Fees – Payable half up-front, with the balance due upon completion of the agreed upon services or upon delivery of the services.
  • Other Advisory Fees – In addition to our fees, we are also compensated by advisory fees charged by third party money managers, which are separate and apart from our fees.

Examples of the most common fees and costs applicable to our clients are:

  • Custodian and account maintenance fees;
  • Fees related to mutual funds, exchange-traded funds, or other product-level fees associated with your investments; and
  • Transaction charges when purchasing or selling securities.

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.

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.

  • Referral Fees: Persons providing advice on behalf of our firm may receive referral fees from certain mortgage providers to whom clients are referred. This compensation will not result in an increase in the cost of the loan to the client; however, this presents a conflict of interest in that persons providing advice on behalf of our firm have a financial incentive to refer clients to these mortgage service providers.
  • Third-Party Payments: Persons providing advice on behalf of our firm are registered representatives with a broker-
    dealer. These persons receive compensation in connection with the purchase and sale of securities or other investment products. Compensation earned by these persons is separate and in addition to our advisory fees. This practice presents a conflict of interest because they have an incentive to recommend investment products based on the compensation received rather than solely based on your needs.
  • Third-Party Payments: Persons providing investment advice on behalf of our firm are licensed as
    independent insurance agents. These persons will earn commission-based compensation for selling insurance products. Insurance commissions are separate and in addition to our advisory fees. This practice presents a conflict of interest because they have an incentive to recommend insurance products to you for the purpose of generating commissions rather than solely based on your needs.

Refer to our Form ADV Part 2A and Form ADV Part 2 Appendix 1 Brochures by clicking this
link https://adviserinfo.sec.gov/firm/brochure/297004 to help you understand what conflicts exist.

How do your financial professionals make money?
The financial professionals servicing your account(s) are compensated in the following ways: salary; bonus. Financial professionals’ compensation is based on the amount of client assets they service. This type of compensation presents a conflict of interest in that our financial professionals are incentivized to refer business to our firm.

Do you or your financial professionals have legal or disciplinary history?
Yes, our firm or our financial professionals currently have legal or disciplinary history to disclose. These events are disclosed in either our Form ADV or the specific individual’s Form U4. These documents can be found by going
to Investor.gov/CRS.

You can find additional information about your investment advisory services and request a copy of the relationship summary at 760-602-6920 or click the link provided https://adviserinfo.sec.gov/firm/brochure/297004.