Form CRS

Leo Wealth LLC
October 6, 2021
FORM CRS


Leo Wealth 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; Portfolio Management Services; Selection of Other Advisers; Advisory Consulting Services. Detailed information regarding our services, fees and other disclosures can be found in our Form ADV Part 2A Items 4, 7, and 8 by clicking this link https://adviserinfo.sec.gov/firm/brochure/283891.


Account Monitoring: If you open an investment account with our firm, as part of our standard service we will monitor your investments an ongoing basis and will conduct account reviews on an annual basis. Our monitoring of your investment accounts is limited if you chose to hold your assets with a custodian that we do not have a relationship with.


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, warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, variable annuities, mutual fund shares, United States government securities, options contracts on securities, money market funds, real estate, REITs, PIPEs, derivatives, structured notes, ETFs, private placements, interests in partnerships investing in real estate, interests in partnerships investing in oil and gas interests and interests in partnerships investing in private equity.


Account Minimums and Requirements: In general, we do not require a minimum dollar amount to open and maintain an advisory account; however, we have the right to terminate your account if it falls below a minimum size which, in our sole opinion, is too small to manage effectively.


Key Questions to Ask Your Financial Professional
• 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?


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 by clicking this
link https://adviserinfo.sec.gov/firm/brochure/283891.
Asset Based Fees – Payable in arrears or advanced based on the client contract. 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 according to the client contract.
Fixed Fees – Payable according to the client contract
• Fees related to variable annuities, including surrender charges.


Examples of the most common fees and costs applicable to our clients are:
• Custodian fees; account maintenance fees; fees related to mutual funds and exchange-traded funds; fees charged by third party money managers, transaction charges when purchasing or selling securities, and other product-level fees associated with your investments.

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.


Key Questions to Ask Your Financial Professional
• 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.

  • Third-Party Payments: Persons providing advice on behalf of our firm are registered representatives with the firm’s affilated broker-dealer or are licensed as independent insurance agents or agents of the Firm’s affiliated insurance agency, Leo Insurance Solutions, LLC. These persons receive compensation in connection with the purchase and sale of securities, insurance 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.
  • Clients of the Firm may be referred to our affiliates LeoGroup Tax Services, LLC. This practice presents a conflict of interest because they have an incentive to recommend these services to you for the purpose of generating revenue rather than solely based on your needs.
  • Clients of the firm may be advised to purchase private funds from the Firm’s affiliate Leogroup Fund Services, LLC or to purchase Niagara Credit Income Fund, LP for which Leogroup Fund Services, LLC receives fees. These recommendations represents a conflict of interest, as the receipt of fees may provide an incentive to recommend the fund based on fees received, rather than on a particular client’s need.


Refer to our Form ADV Part 2A by clicking this link https://adviserinfo.sec.gov/firm/brochure/283891 to help you understand what conflicts exist.


Key Questions to Ask Your Financial Professional
• How might your conflicts of interest affect me, and how will you address them?


How do your financial professionals make money?
The financial professionals servicing your account(s) are compensated through salary, bonus, and non-cash compensation and or fees based on the assets managed. Financial professionals’ compensation is based on the amount of client assets they service and the revenue the firm earns from the person’s services or recommendations.


Do you or your financial professionals have legal or disciplinary history?
Yes, our Firm and 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. Visit Investor.gov/CRS for a free and simple research tool.


Key Questions to Ask Your Financial Professional

• As a financial professional, do you have any disciplinary history? For what type of conduct?
You can find additional information about your investment advisory services and request a copy of the relationship summary at 817-354-1090 or click the link provided https://adviserinfo.sec.gov/firm/brochure/283891.


Key Questions to Ask Your Financial Professional
• Who is my primary contact person?
• Is he or she a representative of an investment adviser or a broker-dealer?
• Who can I talk to if I have concerns about how this person is treating me?