Plain-English disclosures for the people who actually read them

We believe a disclosures page should be readable, not endured. What follows is the regulatory information every prospective and current client of Breiter Wealth Management, LLC has a right to see. We have written it as plainly as the rules allow. Where the Securities and Exchange Commission requires specific wording, we use that wording verbatim. Where we have latitude, we write like human beings.

Last updated: June 25, 2026.

This page is a summary. The authoritative disclosure documents are our Form ADV Part 2A (Firm Brochure), Form ADV Part 2B (Brochure Supplements), and Form CRS (Client Relationship Summary). Links and request instructions are below.

Breiter Wealth Management, LLC (“BWM,” “the firm,” “we,” or “us”) is an investment adviser registered with the United States Securities and Exchange Commission under the Investment Advisers Act of 1940. BWM is organized as a Missouri limited liability company and maintains its principal office in Creve Coeur, Missouri.

SEC File Number: 801-136458

CRD Number: 342447

IAR CRD (Josh Reesman): 5699254

CCO CRD (Paul Felsch): 5811362

Registration does not imply a certain level of skill or training.SEC registration is a matter of legal qualification, not a regulator's endorsement of any adviser, advice, or strategy.

Form ADV Part 2A (Firm Brochure), Form ADV Part 2B (Brochure Supplement), and Form CRS (Client Relationship Summary).

Our current Form ADV Part 2A (the Firm Brochure, which describes BWM's services, fees, methods of analysis, conflicts of interest, and other material information about the firm) is available here: Form ADV Part 2A (PDF).

Our current Form CRS (the Client Relationship Summary, a two-page document describing the relationship a retail investor can expect from BWM) is available here: Form CRS (PDF).

Our Form ADV Part 2B (Brochure Supplement, which describes the educational and professional background of the firm's investment adviser representative) will be published here when it is finalized.

All three documents are also available through the SEC's Investment Adviser Public Disclosure site at adviserinfo.sec.gov (search CRD 342447). BWM delivers these documents to every new client at the start of the advisory relationship and, for Form ADV Part 2A, at least annually thereafter and whenever material changes are made.

• Request a copy. Email info@breiterwealth.com or call (636) 373-9300 and we will send the current versions by email or mail.

Optionality — how BWM thinks about investment strategies.

BWM offers a menu of investment strategies that clients can choose among, in consultation with their adviser. The menu includes passive indexing (Vanguard ETFs), evidence-based factor investing (Dimensional Fund Advisors ETFs), a macro-aware approach informed by Hedgeye Risk Management's published research and implemented in ETFs, individual stocks (diversified or thematic), individual bonds (customized), selective use of options when warranted, tax-loss harvesting via direct indexing, and digital-asset exposure (primarily through ETFs).

The firm does not take the position that any single strategy is universally correct. A client with a long horizon and a strong preference for simplicity may run a fully passive portfolio; another client may prefer an active component. Both are reasonable choices, and the right answer is the one that fits a specific household's circumstances and preferences. BWM's role is to model the tradeoffs honestly and let the client decide.

Methods of analysis used across all strategies are described in Item 8 of our Form ADV Part 2A.

As an investment adviser registered under the Investment Advisers Act of 1940, BWM owes its clients a fiduciary duty. That duty has two components, each enforced by federal law:

• A duty of care.We are required to provide advice that is in the client's best interest based on the client's objectives, to seek best execution of client transactions, and to provide ongoing advice and monitoring for the duration of the advisory relationship.
• A duty of loyalty.We are required to put the client's interests ahead of our own. Where conflicts of interest exist, we are required to eliminate them or to disclose them fully and fairly so that the client can give informed consent.

This standard applies to every recommendation we make under the advisory agreement. It is the legal architecture of the relationship, not a marketing claim.

Our primary compensation is the advisory fee on assets we manage. When clients elect to implement insurance recommendations through us, we may receive a commission on those insurance products, and we disclose every commission in writing before recommending it.

The full fee schedule for advisory and planning services is published on our Services section and described in detail in our Form ADV Part 2A. Standard advisory fees range from 1.00% to 0.40% per year depending on the size of the relationship, billed monthly in arrears on the total average daily balance held at our custodian.

Fee posture — how BWM is compensated.

BWM's primary revenue is the advisory fee paid by clients on the tiered schedule disclosed in our Form ADV Part 2A. BWM does not have a broker-dealer affiliation, does not own or share ownership with any product company, and does not receive trail commissions, 12b-1 fees, or revenue-sharing payments from mutual funds or other investment vehicles held in client accounts. The custodian we recommend (Charles Schwab & Co.) provides BWM with institutional services available to any adviser on the Schwab platform without regard to the volume of business we direct.

Insurance — separate capacity, disclosed compensation.

Josh Reesman is separately licensed as an insurance agent. When a client and BWM agree that an insurance product is the right tool for a planning question, BWM has the option to implement the recommendation directly. In those cases, the insurance carrier pays a typical and customary commission to Josh in his capacity as an insurance agent, and the commission is disclosed to the client in writing before the recommendation is implemented. Clients are never obligated to implement insurance recommendations through BWM; an outside agent is always an available alternative. Item 10 of our Form ADV Part 2A discusses this dual capacity in more detail.

Why BWM doesn't claim “fee-only.”

Industry definitions of “fee-only” (such as the standards published by NAPFA and the CFP Board) exclude advisers who can receive commissions in any capacity, including a separately licensed insurance agent capacity. Because Josh holds an insurance license and BWM has the option to implement insurance recommendations on which a commission is paid, BWM does not use the term “fee-only” to describe the firm. The firm's compensation structure is described accurately above, and BWM remains an SEC-registered investment adviser subject to a fiduciary standard on all advisory recommendations.

The conflicts we want you to know about. Every compensation model creates incentives. Ours is no exception. The honest list:

• AUM fees scale with assets. Because our advisory fee is a percentage of assets under management, we earn more when client portfolios grow and less when they shrink. This aligns our interests with client portfolio growth in most respects, but it also creates an incentive to recommend that clients keep assets under management rather than withdraw them for other uses (paying off a mortgage, purchasing real estate, gifting). We discuss those trade-offs on their merits.
• Insurance commissions. When a client elects to implement an insurance recommendation through us, the insurance carrier pays a commission to the licensed agent involved. That creates an incentive to recommend insurance products. We mitigate this by (a) recommending insurance only where it solves a planning problem identified during the advisory process, (b) disclosing the commission amount in writing before the client decides whether to implement, and (c) offering clients the option to implement any insurance recommendation through an outside agent if they prefer.
• Custodian relationship.Our client assets are held at Charles Schwab & Co., Inc. Schwab provides us, like all advisers using its platform, with access to trading tools, research, technology, and educational resources. These benefits are available regardless of the volume of client business we direct to Schwab, but their availability could nonetheless create an incentive to recommend Schwab over another custodian. We selected Schwab based on capability and client experience, not on the benefits we receive.

Soft-dollar arrangements. BWM does not maintain any traditional soft-dollar arrangements. The institutional services we receive from our custodian, Charles Schwab, are available to all advisers on the Schwab platform without regard to the volume of business we direct, and are described in Item 12 of our Form ADV Part 2A.

Form ADV Part 2A contains the complete and current disclosure of all material conflicts of interest. We update it promptly when anything changes.

BWM does not take custody of client funds or securities. Client assets are held at Charles Schwab & Co., Inc., an independent and unaffiliated SEC-registered broker-dealer and member of the Securities Investor Protection Corporation (SIPC).

Clients receive account statements directly from Schwab on at least a quarterly basis. We encourage every client to compare the statements they receive from Schwab against any reports we provide and to contact us with any discrepancy.

SIPC protection covers the loss of cash and securities held by a customer at a financially troubled SIPC-member firm up to applicable limits. SIPC does not protect against market loss. More information is available at sipc.org.

SEC Rule 206(4)-1 under the Investment Advisers Act of 1940 (the “Marketing Rule,” effective November 4, 2022) governs how registered investment advisers may communicate with prospective clients. We take it seriously. The disclosures below describe how we apply the rule.

Testimonials and endorsements. BWM does not use client testimonials or third-party endorsements in its marketing materials. If we begin to do so in the future, all such testimonials and endorsements will comply with Rule 206(4)-1, including required disclosures of any material connection and any compensation paid.

Third-party ratings. Where third-party ratings, awards, or recognitions appear on our materials, we disclose (a) the date on which the rating was given, (b) the period of time over which the rating applies, (c) the identity of the party that issued the rating, and (d) whether any compensation was paid in connection with the rating, directly or indirectly, by BWM. We do not pay for inclusion in any rating that requires such payment.

Performance presentation. Any presentation of performance results in our marketing materials, on this website, in client presentations, or in any other communication with prospective clients is subject to the following:

• Performance is presented net of advisory fees and applicable expenses unless explicitly noted otherwise.
• Performance results are presented over a meaningful time horizon (one-, five-, and ten-year periods, or since inception, where available) and not selectively chosen to cherry-pick favorable windows.
• Where performance is compared to a benchmark index, the benchmark is identified and we disclose that index returns are unmanaged, do not reflect the deduction of any fees or expenses, and are not directly investable.
• Past performance does not guarantee future results. Investment returns and principal value will fluctuate, and an investor's shares, when redeemed, may be worth more or less than their original cost.

Hypothetical, model, and backtested performance. Some materials we produce — including the case studies in our Stage 1 Observe presentation and any illustrations on this website that depict a model portfolio or a backtested strategy — present hypothetical performance as defined by the Marketing Rule. Hypothetical performance carries inherent limitations:

• Hypothetical results do not represent actual trading and may not reflect the impact that material economic and market factors might have had on the adviser's decision-making if the adviser had been actually managing client money during the period shown.
• Backtested results are constructed with the benefit of hindsight. The strategy or model may be designed, with hindsight, to look favorable over the historical period tested.
• Hypothetical performance does not reflect actual investor experience, including the psychological impact of holding positions through real drawdowns and the practical impact of taxes, transaction costs, liquidity constraints, and timing of contributions and withdrawals — all of which can meaningfully affect actual realized returns.
• The case study presented in our Stage 1 Observe materials, which compares a hypothetical withdrawing investor to a hypothetical non-withdrawing investor in the S&P 500 from January 2000 forward using historical monthly returns, is a hypothetical illustration of sequence-of-returns risk using publicly available historical index data. It is not a projection of any client's actual results, it is not a representation of BWM's investment performance, and the S&P 500 is an unmanaged index that is not directly investable.

We provide hypothetical performance only to clients and prospects who, in our reasonable judgment, have the financial expertise to understand its limitations, and we provide the disclosures above with every such presentation.

Predecessor performance. BWM does not advertise or rely upon performance results from any predecessor firm or any prior employer of its personnel. Any biographical references to prior firms or roles describe experience and responsibilities, not investment results.

From time to time, our materials include forward-looking statements — projections, retirement plan illustrations, tax-planning forecasts, and discussions of how a strategy may be expected to behave under various market conditions. Forward-looking statements are based on assumptions about the future, and assumptions can be wrong. Markets, tax law, the client's circumstances, and the broader economy all change.

Where we publish a projection or illustration, we identify the key assumptions on which it depends. We update plans as those assumptions change. No projection should be read as a guarantee of any future result.

BWM offers, as one of several investment strategies, a macro-aware approach informed by the macroeconomic research of Hedgeye Risk Management, LLC. Our relationship with Hedgeye is that of a paying research subscriber.

BWM is not affiliated with, endorsed by, or licensed by Hedgeye Risk Management, LLC. Hedgeye is a publisher of investment research; it is not an investment adviser to BWM clients, and Hedgeye has not reviewed, approved, or endorsed any investment decision BWM makes for any client. References to Hedgeye's research frameworks (including the Quad framework and the GIP/Hedgeye Risk Range methodology) describe the inputs to our process; they do not represent any joint venture, partnership, or shared liability.

Investment decisions implemented in client accounts are made solely by BWM in accordance with the client's investment policy and the firm's fiduciary duty. Past performance of any framework, model, or research input does not guarantee future results in any client account.

Our website, blog, podcast, newsletter, and other materials may include references to, quotations from, or links to content produced by third parties — research firms, podcast guests, book authors, news organizations, government agencies, and other sources we find useful.

Inclusion of third-party content or a link to a third-party site does not constitute endorsement by BWM of the third party, its products, its services, or any statement contained in the linked content. Third-party content reflects the views of the third party and may not reflect the views of BWM. We have no control over, and assume no responsibility for, the content, accuracy, or availability of any third-party site.

Information presented on this website and in our published materials is for general educational purposes only and is not intended as personalized investment, tax, legal, or accounting advice. Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any security or to engage BWM's advisory services in any jurisdiction where such offer, solicitation, or engagement would be unlawful.

All investing involves risk, including possible loss of principal. No investment strategy can guarantee a profit or protect against loss in a declining market. Diversification does not assure a profit and does not protect against loss in declining markets.

Tax-planning content on this website reflects our general understanding of federal tax law as it stands on the date of publication. Tax law changes. Individual circumstances vary. Clients should consult a qualified tax professional regarding their specific situation. BWM provides tax planning as part of its advisory engagement; BWM does not prepare or file tax returns.

Estate-planning content on this website is educational and is not legal advice. For qualifying wealth management clients, BWM covers the cost of a set of foundational estate documents — a revocable trust, a will, healthcare directives, and powers of attorney — that are prepared by an independent third-party provider under that provider's own engagement. BWM does not itself provide legal services or legal advice and does not draft legal documents. The availability of this benefit, and the scope of documents covered, depend on the client's engagement with BWM and may change. Clients should consult a qualified attorney regarding their specific situation.

BWM is subject to Regulation S-P under the Securities Exchange Act of 1934, which governs how registered investment advisers collect, use, share, and protect the nonpublic personal information of their clients. Our complete privacy policy is available at /privacy and is delivered to every new client at the start of the advisory relationship and at least annually thereafter.

We maintain a written information security program designed to protect client information against unauthorized access, alteration, disclosure, and loss. The program covers administrative, technical, and physical safeguards, and we review it at least annually.

Questions about any of these disclosures, or about Form ADV and Form CRS, can be directed to the firm:

Breiter Wealth Management, LLC
info@breiterwealth.com
(636) 373-9300

We respond to compliance and disclosure questions within two business days.

Breiter Wealth Management, LLC is a registered investment adviser. Registration does not imply a certain level of skill or training.