Seva Wealth Management is a multi-custodian, Registered Investment Advisor. When you grant us discretionary authority to manage your investment assets, we do so without taking custody of these assets. We take responsibility for the investment and trading decisions in your accounts, which are held with one of our designated custodians, Charles Schwab or Altruist. Based on the comprehensive plan we develop for you and your particular investment needs, we will recommend placing your funds either at Schwab or Altruist.

We get paid in several ways:
Advisory Fees for Assets Under Management: We charge advisory fees on the assets we manage for you in the context of your personalized, comprehensive financial plan. These advisory fees are an annualized percentage of the total household assets you have under management with us. They start at 1.25% for assets under management (AUM) under $500K and are tiered down for larger accounts. For example, for $1 Million in AUM, the fee is 1%, and at $5 Million in AUM, the fee is 0.60%. See the detailed scale of investment advisory fees under Services and Pricing (link to pricing info/page).
Commissions or Advisory Fees on Insurance Products and Annuities. We may recommend insurance products and annuities if they are in your best interest and contribute materially to your personalized, comprehensive financial plan and achieving your financial goals. When we recommend and connect you to such products, we could be paid either through commissions or advisory fees, depending on the policy type.
For commissionable products, commissions are set by the insurance companies, included in the cost of your insurance, and paid directly by the insurance company. For fee-based products, which are mainly for variable life insurance products and variable annuities, we are paid an ongoing fee for managing the assets in the policy. These fees are regulated by the insurance companies, and are deducted from your insurance or annuity accounts, similarly to how investment advisory fees are deducted from your investment accounts.

Investment advisory fees are deducted each quarter from investment accounts managed by Seva Wealth Management. Advisory fees for fee-based life insurance and fee-based annuities are deducted periodically from your insurance and annuity accounts. You do not pay for commissions on insurance products and commission-based annuities, as these are paid directly by the insurance company.

Seva Wealth Management actively manages, but does not maintain custody of, your funds and securities. Custody is maintained at one of our two custodians, Charles Schwab and Altruist, depending on where your account was established.
In the event of a significant business disruption such as Dr. Lisa McCann’s death or incapacitation, she will cease to provide advisory services and cease to charge advisory fees, and you will be responsible for contacting Schwab (877) 687-4085 or Altruist (888) 510-4660 to make arrangements for the continuing management of your account(s).
For Schwab accounts, you may either move your accounts to a retail account that you manage yourself, or find a new firm and another advisor to work with, who may keep the funds at Schwab or help you to move them to another custodian. For Altruist accounts, and given that Altruist does not offer retail, self-managed accounts, you will need to find a new firm and advisor to work with, who may keep the accounts at Altruist or help you to move them to another custodian.