Please click on the following link to access the most recent copy of our Form CRS. DOWNLOAD FORM CRS.
Maintaining the trust and confidence of our clients is of utmost importance to us. That is why we want you to understand how we protect your privacy when we collect and use information about you, and the steps we take to safeguard that information. The terms “we,” “us,” “our,” and “ours” refer to Olympus Wealth Management, LLC, unless the context clearly indicates otherwise.
Information We Collect: In connection with providing investment management, financial advice, or other services, we obtain non-public personal information about you, including:
- Information we receive from you on account applications, such as your address, date of birth, Social Security Number, occupation, financial goals, assets and income;
- Information about your transactions with us, our affiliates, or others; and sometimes;
- Information received from credit or service bureaus or other third parties, such as your credit history or employment status.
Categories of Information We Disclose: We may only disclose information that we collect in accordance with this policy. We do not sell customer lists and will not sell your name to telemarketers.
Categories of Parties to Whom We Disclose: We will not disclose information regarding you or your account(s) with us, except under the following circumstances:
- To entities that perform services for us or function on our behalf, including financial service providers, such as a clearing broker-dealer, investment company, insurance company, sub-advisers or Third Party Asset Managers (TPAMs);
- To third parties who perform services or marketing on our behalf;
- To your attorney, accountant, trustee or anyone else who represents you in a fiduciary capacity;
- To our attorneys, accountants or auditors; and
- To government entities or other third parties in response to subpoenas or other legal process as required by law or to comply with regulatory inquiries.
How We Use Information: Information may be used among companies that perform support services for us, such as data processors, technical systems consultants and programmers, or companies that help us market products and services to you for a number of purposes, such as:
- To protect your account(s) from unauthorized access or identity theft;
- To process your requests such as securities purchases and sales;
- To establish or maintain an account with an unaffiliated third party, such as a clearing broker-dealer providing services to you and/or us;
- To service your account(s), such as by issuing checks and account statements;
- To comply with Federal, State, and Self-Regulatory Organization requirements;
- To keep you informed about financial services of interest to you.
Regulation S-AM: Under Regulation S-AM, a registered investment adviser is prohibited from using eligibility information that it receives from an affiliate to make a marketing solicitation unless: (1) the potential marketing use of that information has been clearly, conspicuously and concisely disclosed to the consumer; (2) the consumer has been provided a reasonable opportunity and a simple method to opt out of receiving the marketing solicitations; and (3) the consumer has not opted out. We do not receive information regarding marketing eligibility from affiliates to make solicitations.
Regulation S-ID: Regulation S-ID requires us to have an Identity Theft Protection Program (ITPP) that controls reasonably foreseeable risks to customers or to the safety and soundness of our firm from identity theft. We have developed an ITPP to adequately identify and detect potential red-flags to prevent and mitigate identity theft.
Our Security Policy: Our goal is to protect your personal information. We restrict access to nonpublic personal information about you to those individuals who need to know that information to provide products or services to you and perform their respective duties. We maintain reasonable physical, electronic, and procedural security measures that comply with applicable law to guard nonpublic personal information against loss, misuse or unauthorized access, disclosure, alteration or destruction of the information you have provided to us. We have internal policies governing the proper handling of consumer information by Olympus personnel.
Complaint Notification: Please direct complaints to: Matthew T. Bloom-Krull at Olympus Wealth Management, LLC; 6985 Union Park Center, Suite 435, Cottonwood Heights, UT 84047; (801) 449-9600; firstname.lastname@example.org.
Important Legal Disclosure:
Olympus Wealth Management, LLC (“Olympus Wealth”) is an SEC registered investment adviser; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. The information contained within this website is for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any types of securities. We provide this information with the understanding that we are not engaged in rendering legal, accounting, or tax services. In particular, none of the examples should be considered advice tailored to the needs of any specific investor. We recommend that all investors seek out the services of competent professionals in any of the aforementioned areas. With respect to the description of any investment strategies, simulations, or investment recommendations, we cannot provide any assurances that they will perform as expected and as described in our materials. Past performance is not indicative of future results. Every investment program has the potential for loss as well as gain. There is a risk of loss from an investment in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor’s financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. For detailed information about our services and fees, please read our Form ADV Part 2A, which can be found at https://www.advisorinfo.sec.gov or you can call us and request a copy at 801-449-9600.
Any forward-looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. No reliance should be placed on any such statements or forecasts when making any investment decision. The assumptions and projections displayed are estimates, hypothetical in nature, and meant to serve solely as a guideline. The results and analysis are not guarantees of future results because they are derived from mathematical modeling techniques of the economic and financial markets that may or may not reflect actual conditions and events. Accordingly, you should not rely solely on the information contained in these materials in making any investment decision.
There are different costs associated with different types of securities and investors may be responsible for paying fees separate and distinct from those paid to Olympus Wealth to invest in such securities. Importantly, the fees specific to what Olympus Wealth charges do not include certain fees and charges imposed by third parties such as custodial fees, mutual fund fees and expenses, and additional fees charged by wrap sponsors. Olympus Wealth’s clients’ assets can also be subject to asset-based transaction fees, brokerage fees and commissions, retirement plan administration fees (if applicable), deferred sales charges on mutual funds, 12b-1 fees, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on custodial accounts and securities transactions. For mutual fund and exchange traded fund (“ETFs”) investments, investors are charged internal management fees, distribution fees and other expenses, which are described in each fund’s prospectus.
All custodial fees and any other charges, fees and commissions incurred in connection with transactions for an Olympus Wealth client’s account are generally paid out of the assets in their managed account and are in addition to the investment management fees charged by Olympus Wealth. Notably, neither Olympus Wealth nor any of its associated persons receive any portion of the third-party fees. Investors should consider all fees that may be charged to their account and also understand that lower fees for comparable services may be available from other investment advisory firms.
The information contained within this website was carefully compiled from sources Olympus Wealth believes to be reliable, but we cannot guarantee accuracy. We provide this information with the understanding that we are not engaged in rendering legal, accounting, or tax services. In particular, none of the examples should be considered advice tailored to the needs of any specific investor. We recommend that all investors seek out the services of competent professionals in any of the aforementioned areas. With respect to the description of any investment strategies, simulations, or investment recommendations, we cannot provide any assurances that they will perform as expected and as described in our materials. Past performance is not indicative of future results. Every investment program has the potential for loss as well as gain.
MountainWest Capital Network Award:
The Utah 100 Award recognizes Utah’s 15 largest revenue companies, 100 fastest growing, and a select list of newer, Emerging Elite Companies. Founded in 1983, the MountainWest Capital Network is an independent business networking group in Utah. For over three decades MountainWest Capital Network has supported entrepreneurs, investors, and allied professional services firms with information about capital creation and distribution through sponsored events that inspire, stimulate, and reward successful business performance. The “Utah 100” award recognizes the achievements of outstanding, Utah based businesses. MountainWest Capital Network Award nominees do not pay a fee to be included in the nomination process. The award is not indicative of the wealth manager's future performance. The inclusion of a wealth manager on the MountainWest Award should not be construed as an endorsement or testimonial of the wealth manager by the MountainWest Capital Network. Please keep in mind that working with a MountainWest Award winner is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment in the future.
Utah Business Forty Under 40 Award:
The Utah Business Forty under 40 Award honors some of Utah’s most established professionals, such as those who have founded companies, led nonprofits, and chaired influential organizations. Each year, it celebrates 40 young business professionals who are working to evolve the state of Utah’s business landscape. These 40 individuals (who are all under age 40 at the time of the award) are elevating our future and paving the way for a new state of success. Utah Business Forty under 40 Award nominees do not pay a fee to be included in the nomination process. The award is not indicative of the wealth manager's future performance. The inclusion of a wealth manager on the Forty under 40 list should not be construed as an endorsement or testimonial of the wealth manager by Utah Valley 360, the sponsor of the award. Please keep in mind that working with a Utah Business Forty under 40 Award winner is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment in the future.
The Certified Financial Planner™ (CFP®) Designation: The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients.
To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:
Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning;
- Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances;
- Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and
- Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals.
Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks:
- Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and
- Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients.
CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification.
The Chartered Financial Analyst (CFA®) Designation: The Chartered Financial Analyst (CFA) charter is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals.
There are currently more than 138,000 CFA charterholders working in 134 countries. To earn the CFA charter, candidates must: 1) pass three sequential, six-hour examinations; 2) have at least four years of qualified professional investment experience; 3) join CFA Institute as members; and 4) commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct.
High Ethical Standards - The CFA Institute Code of Ethics and Standards of Professional Conduct, enforced through an active professional conduct program, require CFA charterholders to:
- Place their clients’ interests ahead of their own
- Maintain independence and objectivity
- Act with integrity
- Maintain and improve their professional competence
- Disclose conflicts of interest and legal matters
Global Recognition - Passing the three CFA exams is a difficult feat that requires extensive study (successful candidates report spending an average of 300 hours of study per level). Earning the CFA charter demonstrates mastery of many of the advanced skills needed for investment analysis and decision making in today’s quickly evolving global financial industry. As a result, employers and clients are increasingly seeking CFA charterholders—often making the charter a prerequisite for employment.
Additionally, regulatory bodies in over 30 countries and territories recognize the CFA charter as a proxy for meeting certain licensing requirements, and more than 125 colleges and universities around the world have incorporated a majority of the CFA Program curriculum into their own finance courses.
Comprehensive and Current Knowledge - The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning.
The CFA Program curriculum is updated every year by experts from around the world to ensure that candidates learn the most relevant and practical new tools, ideas, and investment and wealth management skills to reflect the dynamic and complex nature of the profession.
The Certified Investment Management Analyst (CIMA®) Designation: The CIMA certification signifies that an individual has met initial and on-going experience, ethical, education, and examination requirements for investment management consulting, including advanced investment management theory and application. Prerequisites for the CIMA certification are three years of financial services experience and an acceptable regulatory history. To obtain the CIMA certification, candidates must pass an online Qualification Examination, successfully complete a one-week classroom education program provided by a Registered Education Provider at an AACSB accredited university business school, and pass an online Certification Examination. CIMA designees are required to adhere to IMCA’s Code of Professional Responsibility, Standards of Practice, and Rules and Guidelines for Use of the Marks. CIMA designees must report 40 hours of continuing education credits, including two ethics hours, every two years to maintain the certification. The designation is administered through Investment Management Consultants Association (IMCA®).
The Chartered Retirement Planning Counselor (CRPC®) Designation: The CRPC® certification is a graduate-level designation program for experienced financial advisors who wish to offer more comprehensive retirement advice to individual clients. This program helps define a “road map to retirement,” enabling more focus on clients’ pre- and post-retirement needs, as well as issues related to asset management and estate planning. Eligible candidates are generally required to have three years of financial planning related experience and possess a bachelor’s degree from an accredited U.S. college or university. Candidates must also receive a passing score of at least 70 percent on the CRPC® final examination. In order to maintain the certification, all CRPC® designation holders must also complete at least 16 hours of continuing education every two years on an ongoing basis.
The Accredited Financial Counselor (AFC®) Designation: The AFC® (Accredited Financial Counselor®) designation demonstrates to colleagues, clients, employers, and the public that certified individuals have the knowledge and proficiency required of the financial counselor professional. Professionals earn this distinction through education, experience, and by meeting the highest standards of social science and practice of professional financial counselors validated by their performance through examination. Providing you with the knowledge and experience to meet individuals and families where they are, help them build a strong financial foundation, realize their goals and achieve lasting financial well-being.
ABILITIES OF THE AFC®
- Educate clients in sound financial principles.
- Assist clients in the process of overcoming their financial indebtedness.
- Help clients identify and modify ineffective money management behaviors.
- Guide clients in developing successful strategies for achieving their financial goals.
- Support clients as they work through their financial challenges and opportunities.
- Help clients develop new perspectives on the dynamics of money in relation to family, friends and individual self-esteem.
AFC ELIGIBILITY REQUIREMENTS
To earn the AFC credential, all candidates must:
1. Educational Requirement: Meet any ONE of the following educational requirement pathways:
a. Financial Education: Completion of applicable course work in Personal Finance, Financial Planning, Financial Counseling, Consumer Sciences, or equivalent curriculum* from a regionally-accredited college or university in the United States during the past seven (7) years.
i. Individuals who completed their degree/coursework more than 7 years prior to AFC application will still qualify under this option if they have been employed full-time in the financial counseling or financial education field for at least 4 of the last 7 years, or employed part-time in the financial counseling or financial education field for at least 5 of the last years.
ii. A transcript showing completion of coursework that corresponds to all of the AFC core competencies must be submitted electronically with initial registration for the AFC certification program.
iii. *AFCPE recognizes that different schools use different terminology. An equivalent degree is defined as a degree in the financial field with coursework that corresponds to all the AFC core competencies. For any coursework that does not fall under the above titles, applicants will be asked to provide specifics on coursework completed including competencies they believe have been satisfied.
b. Professional Designation and Training: Certified Financial Planner (CFP), Certified Public Accountant (CPA), Chartered Financial Consultant (ChFC), or Chartered Financial Analyst (CFA) professionals must provide verification that the professional certification is current and in good standing AND complete either:
i. Verify completion of applicable course work (corresponding to the remaining competencies not met by the professional designation in Financial Counseling, Consumer Sciences, or comparable curriculum from a regionally-accredited college or university in the United States by submitting transcript electronically, or ii. Enroll in the AFCPE Financial Counseling and Debt Management self-study module.
c. Self-Paced Study: Complete the AFCPE Self-Paced Study Accredited Financial Counselor course. Qualifying military spouses may complete AFCPE Self-Paced Study through the FINRA Foundation Military Spouse Fellowship program.
d. AFCPE Approved Education Program
i. Distance Learning Program: Complete the AFCPE distance learning program offered by an approved distance learning provider. Candidates must enroll within one (1) year of graduation.
ii. Approved University Program: Complete an AFCPE approved university program by one of the approved education program providers listed on the AFCPE website. Candidates must enroll within one (1) year of graduation.
Approved University Programs have met the following guidelines established by AFCPE:
iii. Programs must be housed within post-secondary institutions accredited by one of the six (6) regional accrediting agencies recognized by the Department of Education, and all coursework should be, at a minimum, at an Undergraduate level of study.
iv. Coursework must cover subject areas corresponding to the core competencies required to sit for the AFC certification exam (a minimum of 6 credit hours is required to satisfy this requirement).
v. Required curriculum should be within a program that supports student development in personal finance, debt management, and counseling skills through additional coursework and/or other educational or experiential opportunities.
vi. The University Supervisor, a faculty member of the University, must be an AFC in good standing or have a graduate degree from a financial planning, financial counseling, or other degree approved on a case-by-case basis.
Note Regarding Education Options: Training provided by AFCPE is optional and is not a requirement for AFC certification. Individuals applying under the Financial Education and Professional Designation and Training pathways are not required to complete AFCPE provided or approved education. Each education pathway is designed to ensure that applicants have been exposed to education that corresponds with each of the core competencies on the AFC examination. The AFCPE Certification Council does not develop, approve, recommend, or endorse any educational programs, study programs, or other offerings. AFCPE courses are developed and delivered by the AFCPE independent of the Certification Council with no access to confidential AFC examination content. All applicants are encouraged to choose the educational pathway best suited to their educational background and professional experience.
2. Examination: Pass the AFC examination.
3. Experience Requirement: Submit verification of 1,000 hours of financial counseling experience.
Acceptable experience includes:
a. Offering one-on-one counseling or advising services for clients
b. Developing and conducting education and training for clients
c. Developing education and training programs for financial counselors
d. Conduct educational training for financial counselors
e. Serving as an education director for a financial counseling organization
f. Supervising financial counselors
Experience may be obtained in conjunction with exam preparation or following successful completion of the exam, as long as all requirements are completed within the designated timeframe of the certification path you have chosen. You may also include relevant hours obtained up to 2 years before registering for the program. Certification will not be granted until all requirements have been completed successfully.
4. Final Certification Documentation: Complete the AFC final certification documentation.
Final certification documentation includes:
a. Agreement to adhere to the AFCPE Code of Ethics.
b. Submission of three letters of reference attesting to professional competence and experience. One letter must be from a supervisor and submitted on letterhead, one letter must be from a fellow financial counseling professional and submitted on letterhead, and one must be from a client.
Certificants who have received the AFC credential are required to complete thirty continuing education units (CEUs) during a two-year reporting cycle. CEUs earned during one reporting cycle do not carry over to future reporting periods.
Renewal of an AFC credential requires:
1. Current AFC certification (active status)
2. Acquire and submit 30 continuing education units that support the AFC role:
a. 2 CEUs must be for Ethics
3. Payment of the Annual Certification Renewal Fee
4. Attestation to comply with the AFC Code of Ethics and Standards of Practice Renewal is mandatory for all certificants. Failure to recertify by the deadline will result in suspension of the credential (see “Reinstatement” below). Individuals whose certification has expired or been suspended or revoked may not represent him/herself as an AFC certificant and may not use the designation until he/she receives official notice that the renewal requirements have been satisfied or that certification status has been reinstated.
The Chartered Financial Consultant (ChFC®) Designation: This designation prepares candidates to meet the advanced financial planning needs of individuals, professionals, and small business owners. Holders of the designation have in-depth coverage of key financial planning disciplines such as insurance, income taxation, retirement planning, investments and estate planning.
The ChFC® designation is voluntary; no federal or state law or regulation requires investment advisors or financial planners to hold ChFC® designation. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients.
The certification is administered through The American College. The American College is accredited by the Middle States Association Commission on Higher Education. To attain the right to use the ChFC® marks, an individual must satisfactorily fulfill the following requirements:
• Education – Complete an advanced college-level course of study addressing the financial planning subject areas that the American College has determined are necessary for the competent and professional delivery of financial planning services. The required course of study includes insurance and financial strategies, income taxation, financial planning applications, planning for retirement needs, investments and estate planning, in addition to a selection of electives.
• Examination – ChFC® (Chartered Financial Consultant®) individuals complete nine courses, seven required and two elective. Six of the required courses mirror the fundamental education needed to sit for CFP Board’s comprehensive exam. Once the first six courses are completed successfully (two-thirds of the ChFC® curriculum), individuals are eligible to test for their CFP® certification. Rigorous exams are completed after each course, but there is no final comprehensive examination. There are ethics, experience, and continuing education requirements for this designation, as well as an academic rule that requires completion within five years.
• Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and
• Ethics – Agree to be bound by the American College Code of Ethics and Procedures, a set of documents outlining the ethical and practice standards for ChFC® professionals.
• Individuals who become certified must complete ongoing education and ethics requirements to maintain the right to continue to use the ChFC® marks.
The Certification in Long-Term Care (CLTC®) Designation: The CLTC, Certification in Long-Term Care designation, is a long-term care planning designation granted by the Corporation for Long-term Care Certification to individuals who satisfy educational, work experience and ethics requirements. Recipients of the CLTC have completed a rigorous multidisciplinary course and examination, that focuses on long-term care. To maintain this designation, the CLTC must satisfy continuing education requirements and adhere to the CLTC Code of Professional Responsibility.