Viridian RIA, LLC
Form CRS – Client Relationship Summary - June 2020
Our firm, Viridian RIA, LLC, is an investment adviser registered with the Securities and Exchange Commission. We feel that it is important for you to understand how advisory and brokerage services and fees differ in order to determine which type of account is right for you. There are free and simple tools available to research firms and financial professionals at www.investor.gov/CRS, which also provides educational materials about investment advisers, broker-dealers, and investing.
What investment services and advice can you provide me?
We are a registered investment adviser that offers investment advisory services, including Comprehensive Portfolio Management, Wrap Comprehensive Portfolio Management, and Financial Planning & Consulting to clients. If you open an advisory account with us, we’ll
recommend a portfolio based on your financial situation that is monitored at least quarterly, and if necessary, rebalanced to meet your changing needs and goals. We’ll offer you advice on a regular basis and contact you at least annually to discuss your portfolio. We do not restrict our advice to limited types of products or investments. We do not impose requirements for opening and maintaining accounts or otherwise engaging us.
You can select in our agreement whether we are allowed to buy and sell investments in your account without asking you in advance (“discretion”) or only after receiving your permission (“non-discretion”). If you select non-discretion, you make the ultimate decision regarding the purchase or sale of investments. Any limitations will be described in the signed advisory agreement. We will have discretion or non-discretion until the advisory agreement is terminated by you or our firm.
Our Comprehensive Portfolio Management and Wrap Comprehensive Portfolio Management services include investment management bundled with tax planning and return preparation offered by an affiliated tax practice and Financial Planning & Consulting.
Financial Planning & Consulting is also offered as a separate service. We do not monitor your investments for the Financial Planning & Consulting service.
Additional information about our advisory services is in Item 4 of our Firm Brochure and Item 5 of our Wrap Brochure, which are available online at https://adviserinfo.sec.gov/firm/brochure/171332.
Questions to Ask Us:
• 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 those qualifications mean?
What fees will I pay?
You will be charged an ongoing quarterly fee based on the value of the assets in your account. Our bundled Comprehensive Portfolio Management fee schedule ranges from 1.50% to 0.65% depending on the value of the assets in your account. Our bundled Wrap Comprehensive Portfolio Management fee schedule ranges from 2.25% to 0.80% depending on the value of the assets in your account. While clients are not required to use all the bundled services offered, there is no discount for not using a bundled service. Our fees vary and are negotiable. The more assets you have in your advisory account, the more you will pay us. We therefore have an incentive to increase the assets in your advisory account in order to increase our fees.
Our firm’s fees will be automatically deducted from your advisory account, which will reduce the value of your advisory account. In rare cases, we will agree to send you invoices rather than automatically deduct our fees from your advisory account.
Standalone Financial Planning & Consulting is offered for an hourly or flat fee. Our hourly rates are $150-$500 for financial professionals and $50-$75 for staff. A full financial plan costs at least $2,500. A modular financial plan costs at least $1,500. We charge half the planning fee when you sign an agreement for this service with the remainder being charged at completion.
The custodian that holds your assets charges you a transaction fee when we buy or sell an investment for you. Their fees are in addition to our firm’s fees for our Comprehensive Portfolio Management service. We pay the custodian’s transaction fees charged to you for our wrap service. The fees for wrap services are therefore higher than a typical asset-based advisory fee. We have an incentive to recommend assets without transaction fees for our wrap service in order to reduce the amount of the custodian’s transaction fees that we will have to pay.
You may also pay charges imposed by the custodian holding your accounts for certain investments and maintaining your account. Some investments, such as mutual funds, index funds, exchange traded funds, and variable annuities, charge additional fees that will reduce the value of your investments over time. In addition, you may have to pay fees such as “surrender charges” to sell variable annuities. 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.
Additional information about our fees is in Item 5 of our Firm Brochure and Item 4 of our Wrap
Brochure, which are available online at https://adviserinfo.sec.gov/firm/brochure/171332.
Questions to Ask Us:
• Help me understand how these fees and costs may 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
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:
Our firm’s financial professionals include licensed insurance agents who sell insurance products for a commission and accountants who offer tax preparation, accounting, bookkeeping, and other CPA related activities. They have an incentive to recommend their services to you in order to increase their compensation.
Since we recommend third party money managers to assist with managing certain accounts, we have an incentive to recommend a manager who shares a larger portion of their fee with us.
Additional information about our conflicts of interest is in Item 10 of our Firm Brochure and Item
9 of our Wrap Brochure, which are available online at https://adviserinfo.sec.gov/firm/brochure/171332.
Questions to Ask Us:
• How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Our financial professionals are compensated with a base salary plus bonus based on
their individual performance and the performance of the firm.
Do you or your financial professionals have legal or disciplinary history?
Yes, one of our financial professionals has legal and disciplinary history. Visit Investor.gov/CRS for a free and simple search tool to research our firm and our financial professionals.
Questions to Ask Us:
• As a financial professional, do you have any disciplinary history? For what type of conduct?
You can find additional information about our firm’s investment advisory services on
the SEC’s website at www.adviserinfo.sec.gov by searching CRD # 171332. You may also
contact our firm at 206-388-2210 to request a copy of this relationship summary and other
Questions to Ask Us:
• 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?
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At Viridian our most important asset is our relationship with our clients. We honor and serve that relationship by maintaining the highest standards of trust and confidence which includes safeguarding our client’s information. Viridian is dedicated to the enhancement of our clients’ personal, professional, and financial lives.
If and when appropriate, Viridian believes it is important for us to have the ability to share information about our clients not only with our affiliated companies but also with non-affiliated business partners, i.e., third party plan administrators for our 401(k) plans, asset custodians. Sharing pertinent information helps us maximize the services that we can provide to our clients, creating a personal, professional and financial services experience.
Please know our clients’ privacy is not for sale. Simply put, we do not and will not sell our clients non-public personal information to anyone, for any reason, at any time. The personal information that we may collect, maintain, and communicate within affiliated and non-affiliated business partners is name, address, phone numbers, fax numbers, e-mail addresses, and other biographical information including about income, assets, current investments, investment experience, practice data, etc.
How We Protect Your Personal Information – The confidence placed in us by our clients is not taken lightly, and the companies have implemented extraordinary measures to:
- Ensure continued confidentiality of all client data whether it be biographical, professional or financial.
- Ensure the physical and electronic security of client records.
- Protect against any anticipated threats to the security of such records.
- Protect against unauthorized access to such records that could result in substantial harm or inconvenience to the client.
We have a long and established tradition of discretion and respect for clients’ personal privacy. We reinforce this daily in the way we routinely handle sensitive client information as part of our day-to-day operations. Nothing is more important to our business than the trust and confidence our clients have with us.
Viridian RIA, LLC
PRIVACY NOTICE REGARDING CLIENT PRIVACY AS REQUIRED BY REGULATION S-P & REGULATION S-AM
Maintaining the trust and confidence of our clients is a high priority. That is why we want you to understand how we protect your privacy when we collect and use information about you, and the steps that we take to safeguard that information. This notice is provided to you on behalf of Viridian RIA, LLC.
Information We Collect: In connection with providing investment products, 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
- 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. Viridian RIA, LLC does 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 at Viridian RIA, LLC, 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, or insurance company;
- To consumer reporting agencies,
- To third parties who perform services or marketing on our behalf;
- To your attorney, 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 accounts 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 Viridian RIA, LLC;
- To service your accounts, 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. Viridian RIA, LLC does not receive information regarding marketing eligibility from affiliates to make solicitations.
Regulation S-ID: Regulation S-ID requires our firm 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: 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 physical, electronic, and procedural security measures to safeguard confidential client information.
Complaint Notification: Please direct complaints to: Adriel Tam at Viridian RIA, LLC, 22232 17th Avenue SE, Suite 210, Bothell, WA 98021; 206-388-2210.