DISCLOSURES
ORDER ROUTING DISCLOSURES: PERSHING LLC | NATIONAL FINANCIAL | SEC RULE 606
Geneos Wealth Management - Privacy Policy
Geneos Wealth Management, Inc. ("GWM") values you as a customer and respects your right to privacy. We recognize that you have placed your trust in us, and we take the responsibility to preserve that trust. One way we endeavor to keep your trust is to properly handle that personal information. We pledge to you that:
- Protection of your privacy is a top priority;
- Your account information and all documents you provide to us are protected in a secure environment;
- We only collect personal information in order to accomplish our customer commitments to you;
- Information about you is only used and shared in limited and controlled ways; and,
- In the event that we wish to share information about you with non-affiliated third parties, you will be given options concerning what information may be shared, and your privacy wishes will be respected. You may also choose to opt out of any information sharing.
GWM maintains physical, electronic and procedural safeguards to ensure that personal information we have about you is treated responsibly, and in accordance with our privacy policy. We restrict access to information about you only to those representatives and employees who need to know that information in order to provide products and services to you or to conduct GWM's business. Representatives or employees who have access to the information may only use it for legitimate business purposes. In addition, we take steps to safeguard information about you in accordance with applicable data security regulations.
We collect personal information about you from these sources:
- GWM's Customer Account Form, applications for the purchase of various products, and other forms;
- Product vendors, as a result of your transactions with us; and/or,
- Depending on the product you are requesting to purchase, information received from consumer reporting agencies, medical providers or others.
We collect the following types of personal information:
- Contact information and other personal identifies, such as name, postal address, email address, phone number, social security number or tax identification number.
- Demographic and family information, such as date of birth, marital status, dependents, beneficiaries, citizenship and information about related parties to an account.
- Financial, professional and educational information such as investment objectives & experience, assets, income, expenses, net worth, tax status, holdings, transaction history, employment information and background.
We use personal information for the following purposes:
- Assisting in Identifying you as our customer or our former customer
- Offering and providing products and services, including opening accounts, communicating with you, providing investment recommendations, and making suitability determinations;
- Complying with applicable regulatory and legal require (for example, client identification program and know your customer requirements)
We may disclose the following categories of information to entities that perform administrative services on our behalf or as required or permitted by law for legal, regulatory, or other purposes:
- Information you provide directly to us on the Customer Account Form, applications or other forms;
- Information we receive about your transactions with us or with our product providers; and/or,
- If required for the products you purchase, information received from other agencies such as: consumer reporting agencies concerning your creditworthiness, motor vehicle and driver's license reports, medical and employment information, and loss reports.
We may disclose information about you to:
- Our staff, affiliates, representatives, their affiliated businesses, and third parties who provide you with financial products and services.
- Nonaffiliated third parties which may include retirement plan sponsors or third-party administrators, mutual fund companies, insurance companies and agencies, other broker-dealers, and clearing firms.
Our privacy policy is the same for current, as well as former clients. If you close your account, in the process of transferring your investments we may share your information with the new broker-dealer or custodian that you or your representative selects. If our representative servicing your account leaves us to join another broker-dealer, the representative is permitted to retain copies of your information so that he or she can continue to serve you at the new firm. The representative is still required to keep your personal information confidential and may only use it to service your account. If you wish to opt out of having your Representative take your personal information upon leaving Geneos, please send a written request to:
Geneos Wealth Management, Inc.
Attention: Compliance Department
9635 Maroon Circle, Suite 100
Englewood, CO 80112
A special note about medical or health information: While we might receive medical or health information from you at the time of application for various types of insurance, we do not use it or share it - internally or externally - for any purpose other than what is directly related to the administration of your policy, account, or claim, as required or permitted by law, or as you authorize us to do.
California Residents:
The California Consumer Privacy Act (CCPA) provides California residents with rights to receive certain disclosures regarding the collection, use and sharing of “Personal Information” as well as rights to know/access, delete and limit sharing of “Personal Information”. As a financial services organization, much of the information we collect is exempt from the CCPA because it is covered by federal or state privacy laws, such as the Gramm-Leach-Bliley Act.
The CCPA defines Personal Information to mean “information that identifies, relates to, describes, is reasonably capable of being associated with or could reasonably be linked, directly or indirectly, with a particular consumer or household. We do not sell your Personal Information; however, as described in this policy, we do disclose information about you to third parties who provide you with financial products and services.
To the extent that we collect Personal Information that is subject to the CCPA, you have the right to request access to Personal Information we have collected about you in the preceding 12 months, the purposes for which we collected it and the categories of third parties with whom we shared it. Additionally, you have the right to request in certain circumstances that we delete any Personal Information that we have collected directly from you; however, there may be certain exceptions as defined in the CCPA that prevent or limit our ability to comply with your request.
To submit a request to exercise your right to access or delete your Personal Information under the CCPA, please call us at 1-888-812-5043 or submit a written request to us at:
Geneos Wealth Management
Attention Compliance - CCPA request
9635 Maroon Circle, Suite 100
Englewood, CO 80112
All requests are subject to a verification process. Request by an authorized agent are subject to additional documentation requirements as described below.
Verification Procedures - In order to process your request to access or delete Personal Information we collect; we must verify your request. We do this by requesting that you verify personal identifiers, such as your name, address, date of birth, account number that we have previously collected from you.
Requests by Authorized Agent - You may authorize another individual or business to make requests on your behalf. We require that you provide legal documentation confirming the identity and authority of an authorized agent to act on your behalf. Such documentation may include but is not limited to, a power of attorney, court documents (letters of testamentary, guardianship documents), or notarized statements.
GWM pledges to work to protect the security of your confidential information.
Revenue Sharing Agreements
Geneos Wealth Management, Inc. offers a wide variety of mutual funds, variable annuities and other securities products to clients. In certain instances, product companies participate in activities that are designed to help facilitate the distribution of their products, such as marketing activities and educational programs, and by offsetting expenses that result from the cost of doing business. In return for assistance in facilitating the activities described above, Geneos may receive additional compensation from product sponsors. None of these additional payments are paid to any registered representative who sells these products. The following product companies currently participate in these programs:
Jackson
Lincoln Financial
Prudential
Brighthouse
Delaware Life
Equitable
Transamerica
Pacific Life
Sammons
Global Atlantic
Nationwide
Protective
Athene
Eagle Life
Augustar
Security Benefit
Bluerock
Apollo
CIM Group
Cottonwood
FS Investments
Icon Capital
SEI
Buckingham
Assetmark
Toews
Cavanal Hill
Business Continuity Plan
Geneos provides in writing the Business Continuity Plan disclosure statement to all clients at account opening as part of the new account application documents. Geneos also posts the disclosure statement on our web site. Our plan is subject to modifications at any time and updates will be posted to our website or customers may request an updated summary by written request to Geneos.
In the event of a business disruption, Geneos clients should always contact their Registered Representative first. All Geneos’ Branch Managers have a copy of the full Business Continuity Plan and should be the first point of contact for clients with questions about their accounts.
Geneos has taken significant steps to mitigate business disruptions resulting from a variety of events. We have reviewed our activities to assess each process to determine what is critical and how we can continue to do business with minimal disruption.
Geneos takes step daily to back up all of our information. Additionally, we maintain offsite back-up facilities to storage all of our data in the event of business disruption in our home office.
While our plans attempt to deal with the potential impact of a variety of scenarios, any specific response will be highly dependent upon the nature and extent of the circumstances of the event. Our plan is subject to modifications at any time and updates will be posted to our website or customers may request an updated summary by written request to Geneos.
Scenario | Response | Recovery Time |
---|---|---|
Firm-Only | Geneos will continue doing business. Employees will continue operations from their home locations via our VPN. | ASAP |
Denver Tech-Center Outage | Geneos will continue doing business. Employees will continue operations from their home locations via our VPN. | ASAP |
Regional Outage | Geneos will continue doing business through it branches. Branches will be contacted by whatever means is available to Geneos. The Representative / customers should contact Pershing and/or National Financial emergency numbers in order to continue doing business. | ASAP |
Geneos Sweep Program: Pershing Accounts
The rates for the Insured Deposit Program (“Program”) are set forth below. Interest accrues daily and is paid monthly. Amounts reflecting interest paid will be presented on your brokerage account statements. The rates are subject to change at any time, without notice to you, and will vary.
The Insured Deposits A Account is a secure savings vehicle that offers FDIC insurance of up to $2,500,000 on your cash deposits1.
INSURED DEPOSITS A SWEEP PROGRAM RATES AS OF 06/02/2025
Average Linked Balance2 | Interest Rate | APY | |
---|---|---|---|
From | To | ||
$0.01 | $49,999.99 | 0.54% | 0.54% |
$50,000.00 | $99,999.99 | 0.72% | 0.72% |
$100,000.00 | $499,999.99 | 0.81% | 0.81% |
$500,000.00 | $999,999.99 | 1.18% | 1.18% |
$1,000,000.00 and above | 1.45% | 1.45% |
Please click here for a current list of Program Banks
Please click here for the Terms and Conditions
1 Individual deposit account balances over $2.5 million are in excess of the Maximum Applicable FDIC Deposit Insurance Amount and may not be eligible for FDIC insurance coverage.
2 Each account will earn a rate of interest, which may fluctuate daily depending on market conditions. The interest rates on the Deposit Accounts will vary based upon the value of the assets and cash you maintain in your brokerage account, including amounts on deposit in your Deposit Accounts. Pershing will link your brokerage account to additional brokerage accounts you hold at Pershing registered under the same social security number to determine your Interest Rate Tier. The aggregate assts of all “linked” brokerage accounts is referred to as your “Linked Balance.” The APY and interest rate quoted reflects the deduction of the comprehensive fee described in the Terms and Conditions from the interest earned on the FDIC-insured money market account(s) at the Program Bank(s).
Geneos Sweep Program: NFS Accounts
The rates for the Insured Deposit Program (“Program”) are set forth below. Interest accrues daily and is paid monthly. Amounts reflecting interest paid will be presented on your brokerage account statements. The rates are subject to change at any time, without notice to you, and will vary. The NF Bank Deposit Sweep Program is a secure savings vehicle that offers FDIC insurance of up to $2,500,000 on your cash deposits1.
NF BANK DEPOSIT SWEEP PROGRAM RATES AS OF 06/01/2025
Program Deposit Balance Tier Range2 | Interest Rate3 | APY | |
---|---|---|---|
From | To | ||
$0.01 | $4,999.99 | 1.33% | 1.34% |
$5,000.00 | $24,999.99 | 1.33% | 1.34% |
$25,000.00 | $49,999.99 | 1.33% | 1.34% |
$50,000.00 | $99,999.99 | 1.87% | 1.89% |
$100,000.00 | $499,999.99 | 2.34% | 2.37% |
$500,000.00 and above | 2.86% | 2.90% |
Please click here for the current list of program banks.
Please click here for the disclosure document
1 Individual deposit account balances over $2.5 million are in excess of the Maximum Applicable FDIC Deposit Insurance Amount and may not be eligible for FDIC insurance coverage.
2 Important Note: Balances will earn the same rate of interest regardless of the Program Bank with which funds are deposited. Interest rate is based upon each account’s Program Deposits in accordance with the above Interest Rate Tiers (described in more detail in the BDSP Disclosure Document). The rate of interest paid is currently evaluated on a daily basis.
3 Interest rates/APY will be determined based on prevailing economic and business conditions. Interest accrues daily and is paid monthly. Amounts reflecting interest paid will be presented on brokerage account statements. Interest rates are subject to change at any time.
Geneos Wealth Management, Inc.
Regulation Best Interest Conflicts of Interest Disclosure
December 02, 2022
CONFLICTS OF INTEREST
Geneos Wealth Management, Inc. (“Geneos” or “we”) has identified certain conflicts of interest that relate to the
recommendations Geneos and our Financial Professionals make. A conflict arises when an economic benefit incentivizes
Geneos or your Financial Professional to put our interests and/or the interests of the Financial Professional ahead of yours. Some of these conflicts exist between you and both Geneos and your Financial Professional, while others exist only
between you and Geneos or between you and your Financial Professional. The section below discusses material facts
relating to these conflicts to help you make an informed decision regarding any recommendation your Financial
Professional provides you.
Conflicts for Both Our Firm and Financial Professional
Conflicts between you and both Geneos and Financial Professional may be caused by a variety of arrangements, including
the role we play in a transaction, compensation arrangements, or trading arrangements. These arrangements present a
conflict of interest because Geneos and your Financial Professional have a greater incentive to make available,
recommend, or make investment decisions regarding investments for your account that provide additional compensation
to your Financial Professional or Geneos over other investments that do not provide additional compensation to your
Financial Professional or Geneos.
- Geneos and our Financial Professionals may recommend either a brokerage account or advisory account to you.
Geneos and our Financial Professionals get paid in different ways depending upon which account you open. We have an incentive to recommend the account type that pays us the most compensation. We can recommend that you invest through different account type arrangements, such as through a brokerage account, an account directly held with the issuer of the investment (or its transfer agent), or an advisory account. Depending on factors such as the type and level of services you require, as well as the frequency of trading in your account, one of these account types may be more costeffective for you than the others. The availability of different account types incentivizes us and our Financial Professionals to recommend the account type that results in the most compensation for us and your Financial Professional. - Geneos and our Financial Professionals get paid when you trade or invest. In a brokerage account, we are paid for
certain trades you make in your account through transaction-based payments. Your Financial Professional will disclose to you if there is a transaction cost associated with a particular trade or investment. Geneos pays to our Financial Professionals most of the transaction-based payments that Geneos receives. These transaction-based payments, usually called commissions, may incentivize us and your Financial Professional to encourage you to trade more or purchase additional investments because doing so results in additional revenue for Geneos and your Financial Professional. In an advisory account, we are paid through an advisory fee that represents a percentage of your assets under management held at Geneos. This payment structure may create a conflict of interest for Geneos and our Financial Professionals because it may incentivize a Financial Professional to recommend an advisory account over a brokerage account because Geneos and our Financial Professionals may receive more in fees in an advisory account. In addition, because the advisory fee is based on the total amount of assets in an advisory account, Geneos and our Financial Professionals may be incentivized to recommend transferring additional assets to Geneos. - When you purchase products in a brokerage account or direct with the product company, including, without
limitation, mutual funds, 529 plans, closed-end funds at public offering, UITs, and variable insurance products, the sponsor company may pay a commission to us. Although you do not pay this commission directly, the sponsor factors this commission into the product’s fees and costs. In this way, you indirectly pay the commission out of the value of your investments. This may create a conflict as it may incentivize Geneos and our Financial Professionals to recommend investments with certain sponsor companies that pay a commission to Geneos and our Financial Professionals over investments with sponsor companies that do not pay a commission to Geneos and our Financial Professionals. It further may incentivize Geneos and our Financial Professionals to recommend investments in sponsor companies that pay a higher commission over those that pay a lower commission to Geneos and our Financial Professionals. - For certain other investments that you make in your brokerage account, Geneos receives payments that are in
addition to the payments described above. These fees and compensation include, but are not limited to, mutual fund and money market 12b-1 and subtransfer agent fees, mutual fund transaction fees, due diligence fees, marketing
reimbursements or reallowances, or other transaction or service fees. This may create a conflict as it may incentivize
Geneos and our Financial Professionals to recommend investments with certain companies that pay fees and
compensation to Geneos and our Financial Professionals over investments with companies that do not pay these fees and compensation to Geneos and our Financial Professionals. It further may incentivize Geneos and our Financial Professionals to recommend investments in companies that pay higher fees and compensation commission over those that pay lower fees and compensation to Geneos and our Financial Professionals. - Some investments, such as mutual funds, 529 plans, UITs, nontraded alternative investments, and variable
insurance products, offer multiple share classes. For investments with multi-share class structures, we generally receive comparatively more compensation when we recommend you purchase or hold a share class that is likely to be more costly for you. Depending on the share class in which you are invested, we may earn higher commissions, ongoing payments, and/or other compensation. These comparatively higher commissions, ongoing payments, and other compensation may incentivize Geneos and your Financial Professional to sell you or recommend you hold the share class in a multi-share class structure that results in the most compensation for us, which will be more costly for you. Please note, however, that where issuers have multi-share class structures, the lowest-cost share classes may not be available to you due to high minimum investment amounts or account type requirements (e.g., a retirement account or an advisory account). You can find more information about your costs and our compensation from different share classes in the prospectus for the investment or by asking your Financial Professional. - Sponsor companies for many of the products we sell participate in activities that are designed to help facilitate
the distribution of their products. These companies often pay the travel, meals, and lodging expenses for Geneos and our Financial Professionals to attend educational programs and due diligence meetings designed to help Financial
Professionals be more knowledgeable about those companies’ products, operations, and management. These companies also often provide other forms of compensation to Geneos’ Financial Professionals relating to the sale and distribution of their products, including merchandise, gifts, prizes, and entertainment, such as tickets to sporting events and leisure activities, as well as payment or reimbursement for the costs of business development expenses, client seminars, client appreciation events, software, and marketing materials designed to help promote the Financial Professional’s business. These payments may create a conflict of interest as they may incentivize Geneos and our Financial Professionals to recommend the sponsor companies that cover various expenses or provide other compensation to Geneos and our Financial Professionals over those companies who do not engage in such activities. - Geneos gets paid when you engage in a rollover transaction. We can recommend that you roll over assets from
your workplace retirement plan into an IRA. When you engage in a rollover to an IRA, we and your Financial Professional will receive compensation in connection with the investments you hold in your IRA. IRA rollover recommendations incentivize Geneos and your Financial Professional to encourage the purchase of investments that result in additional compensation for Geneos and your Financial Professional that we would not otherwise receive if the funds remained in your workplace retirement plan. If you engage in a rollover transaction, you will be provided with an Employer Sponsored Plan Rollover Questionnaire or IRA Rollover Transfer Questionnaire, as applicable, which will contain further information and disclosures about these transactions. - Geneos and/or Financial Professionals may act as a promotor for other RIAs. At times, those other RIAs may be
referred to as Third Party Money Managers (“TPMM”). In this referral arrangement, Geneos and our Financial
Professionals will receive a portion of the fee the TPMM will charge you. The portion of the fee received varies and will be identified in the TPMM’s Form ADV that will be provided to you if your Financial Professional recommends using a specific TPMM. This may create a conflict of interest as it may incentivize Geneos and our Financial Professionals to invest your assets with a TPMM who pays a higher amount than a TPMM who does not pay Geneos or our Financial Professionals any fee or who may offer a lower fee amount to Geneos and our Financial Professionals.
Conflicts for Geneos Alone
Conflicts between you and Geneos may be caused by a variety of arrangements, including the role we play in a transaction,
compensation arrangements, trading arrangements, or customer-specific arrangements. The material facts relating to
these conflicts are as follows:
- Many issuers of the investments our Financial Professionals recommend periodically pay us based on the total
amount of sales of their investment products or the total amount of customer assets we direct to them. These payments are often called “revenue sharing” payments. Revenue sharing payments incentivize Geneos to sell you or recommend you hold investments that make these revenue sharing payments to Geneos over investment products that do not make revenue sharing payments to Geneos. Geneos may also be incentivized to recommend investment products whose companies make higher revenue sharing payments to Geneos over companies whose payments are lower by comparison. - Geneos also receives due diligence fees, distribution allowances, and other payments from many of the companies
whose products we sell. Many issuers or their affiliates also make payments to us to cover the costs associated with certain educational conferences, training seminars, or incentive-level meetings we host for our Financial Professional. In most cases, these payments are flat payments and are not tied to total sales or customer assets. However, all of these payments incentivize us to sell you or recommend you hold investment products issued by issuers that make these payments rather than investment products of issuers that do not make these payments, or make comparatively lower payments. Please refer to the additional disclosure on our website at www.geneoswealth.com/disclosures regarding the specific issuers with whom we have arrangements for revenue sharing payments. - Pershing, LLC (“Pershing”) and National Financial Services LLC (“NFS”), Geneos’ two primary clearing firms, also
make certain types of revenue sharing payments to us. Pershing and NFS make quarterly business growth credits to
Geneos equal to a fractional percentage of net new assets that we introduce to them from a custodian other than Pershing or NFS. We also collect a portion of the No-Transaction Fee revenue from these clearing firms on non-advisory accounts. This may create a conflict of interest as it may incentivize Geneos to utilize clearing firms that make revenue-sharing payments, or make greater revenue sharing payments to Geneos over other firms. - Geneos offers an Insured Deposit Program (“IDP”) as well as money market funds as our core account sweep vehicle
with our custodians, Pershing and NFS. The IDP is used to hold your cash balances in brokerage and advisory accounts while awaiting reinvestment. The IDP, as well as the cash sweep programs, should you opt out of the IDP, generates financial benefits for Geneos that may create a conflict of interest. The fees Geneos receives are typically higher than the interest you earn on the cash held in the accounts and are in addition to the fees you pay us. This creates an incentive for Geneos to hold a cash balance in your account. Moreover, Geneos may be incentivized to sweep your cash to one fund over another based on the financial benefit Geneos may receive from a particular sweep vehicle. You will receive a separate Geneos Cash Management Sweep Program Disclosure that provides additional detail regarding this program. - Geneos adds a markup fee to certain transaction costs and other brokerage account charges and fees that are
assessed to your brokerage account at Pershing and NFS. These payments incentivize us to sell you or recommend you hold investments that make these payments rather than investments that do not make these payments or provide less of these payments. The detail regarding these mark-ups is disclosed in Account Charge Disclosure forms, and you will be provided with the applicable Account Charge Disclosure form detailing the mark-up fees received by Geneos.
Conflicts for Financial Professional Alone
Conflicts between you and our Financial Professionals may be caused by a variety of arrangements, including
compensation arrangements, client-specific arrangements, or outside business activities. The material facts relating to
these conflicts are as follows:
- Your Financial Professional’s primary compensation is composed of their “total production,” which is based on
the total assets they manage (i.e., “Assets Under Management”) in advisory accounts, and commissions and trails they receive in brokerage accounts. Your Financial Professional may also receive non-cash compensation from Geneos in the form of award trips and other incentives, which are also tied to total production by the Financial Professional. - In brokerage accounts, commissions and trails paid to a Financial Professional are a percentage of the
Gross Dealer Concessions (“GDC”) Geneos receives from an investment product issuer when a Financial
Professional’s client purchases securities through us. The amount of commissions, fees, transaction-based
payments, ongoing payments, and other forms of compensation we share with a Financial Professional is dictated
by a compensation grid. Our compensation grid is investment neutral, meaning the percentage of the
compensation from any given transaction your Financial Professional receives does not vary based on the
investment recommended. However, your Financial Professional’s payout percentage may be adjusted depending
on your Financial Professional’s total production. The potential to receive higher payout percentage adjustments
may incentivize your Financial Professional to encourage more trading or recommend the purchase of additional
investments that increase your Financial Professional’s total production and payout percentage. This conflict
grows as your Financial Professional approaches specific firm production thresholds that will increase the
percentage of the GDC they receive, and in many cases will make them eligible for firm incentive trips and
conferences. - In advisory accounts, your Financial Professional receives a certain percentage of the advisory fee charged
to you. Our compensation grid is investment neutral, meaning the percentage of the compensation from any given
transaction your Financial Professional receives does not vary based on the investment recommended. However,
if a Financial Professional increases their total production (across all clients), the percentage payout the Financial
Professional receives may increase. The potential to receive higher payout percentage adjustments may
incentivize your Financial Professional to recommend increasing the assets managed by your Financial
Professional at Geneos. Financial Professionals who represent you in an advisory capacity could receive, in
addition to the negotiated fee based on the percentage of assets in your Geneos advisory account, financial
planning fees and/or promotor referral fees. Receipt of financial planning and promotor fees by Financial
Professionals acting in an advisory capacity may incentivize them to offer additional services to you or make
specific referrals based upon the fees they could receive. - Receiving a portion of the advisory or brokerage fees you pay and receiving non-cash compensation upon
certain thresholds being met creates an incentive for your Financial Professional to encourage you to increase
your investment account(s) size or trade more frequently. - Some of Geneos’ branch managers oversee the sales and marketing activities of other Financial Professionals
located in their branch. These managers usually receive a portion of the compensation earned by the Financial Professional over whom they have supervisory responsibility. This could cause a manager to approve a transaction or series of transactions for your account when there could be less-costly alternatives available to you because the branch manager receives compensation when such transactions take place. - Beginning in May 2020, some Financial Professionals new to our firm have or will be provided with forgivable
loans that are tied to the amount of total assets they manage at Geneos as of a milestone date. Some Financial Professionals who joined Geneos prior to May 2020 were provided with forgivable loans that are tied to their total
production achieved as of a milestone date. This may incentivize Financial Professionals to increase the assets they
manage as of certain dates in order for a portion of their loan balance with Geneos to be forgiven. If your Financial
Professional has an outstanding forgivable loan with Geneos, it is disclosed in their ADV Part 2B. - Some of our Financial Professionals receive additional training and support from certain product issuers. Certain
issuers and their affiliates provide some of our Financial Professional with more training and administrative support than others. If your Financial Professional receives this additional training and support, it incentivizes your Financial Professional to recommend investments issued by issuers that provide such training and support over issuers that do not. - Some of our Financial Professionals receive payment or reimbursement from product sponsors or issuers for the
costs of business development expenses. These include costs related to client seminars, client appreciation events,
software, or marketing materials or financial support designed to help promote the Financial Professional’s business. If your Financial Professional receives these reimbursements or payments, they incentivize your Financial Professional to recommend investments that provide these reimbursements or payments over investments that do not. - Some Financial Professionals have outside business activities that compete for their time. Many of our Financial
Professional engage in outside business activities. If your Financial Professional engages in any outside business activities, these activities could cause your Financial Professional to spend more time on the outside business activity rather than on their brokerage or advisory relationship with you. You may research any outside business activities your Financial Professional may have on FINRA’s BrokerCheck website at https://brokercheck.finra.org. You can also find additional information on these outside business activities in your Financial Professional’s ADV Part 2B document if applicable. Your Financial Professional will provide this to you upon request.
REG BI Fee Disclosure
Stocks, Bonds, CD's, and ETF's
(Note: Not Required for advisory account transactions.)
Equities (common stock, preferred stock) –
- The commission you pay your Financial Professional when you purchase stock typically ranges from $40 to 5% of purchase amount
- The commission you pay your Financial Professional when you sell stock typically ranges from $40 to 5% of the sales proceeds
- The clearing charges you pay to buy a stock range from $4.00 to $4.25 per transaction
- The clearing charges you pay to sell a stock range from $4.00 to $4.25 per transaction
Bonds (Corporate, Government, Municipal) –
- The commission or mark-up you pay your Financial Professional when you purchase a bond typically ranges from $65 to 2.5% of face value
- The commission or mark-down you pay your Financial Professional when you sell a bond typically ranges from $65 to 2.5% of face value
- The clearing charges you pay to buy a Bond range from $4.00 to $4.25 per transaction
- The clearing charges you pay to sell a Bond range from $4.00 to $4.25 per transaction
Certificate of Deposit (CD)
- The commission you pay your Financial Professional when you purchase a CD typically ranges from $65 to 2.5% of face value
- The commission you pay your Financial Professional when you sell a CD typically ranges from $65 to 2.5% of face value
- The clearing charges you pay to buy a CD range from $4.00 to $4.25 per transaction
- The clearing charges you pay to sell a CD range from $4.00 to $4.25 per transaction
Exchange-Traded Fund (ETF)
- The commission you pay your Financial Professional when you purchase an ETF typically ranges from $40 to 5% of purchase amount
- The commission you pay your Financial Professional when you sell an ETF typically ranges from $40 to 5% of sales proceeds
- The clearing charges you pay to buy an ETF range from $0 to $4.25 per transaction
- The clearing charges you pay to sell an ETF range from $0 to $4.25 per transaction
NOTE: A reasonable expense ratio for an actively managed ETF portfolio is about .49% to .57%. For passive or index funds, the typical ratio is about .02% to.06% .
The expense ratio is the annual fee that all exchange-traded funds charge their shareholders. It expresses the percentage of assets deducted each fiscal year for fund expenses, including 12b-1 fees, management fees, administrative fees, operating costs, and all other asset-based costs incurred by the fund
REG BI Fee Disclosure
Mutual Funds
(Note: Not Required for advisory account transactions.)
Mutual Funds Commissions and Expenses:
Class A Shares - The up-front sales charges paid to your Financial Professional for Class A shares typically range from 2.00% to 5.00%. The sales charge is paid out of your mutual fund purchase, thus reducing the principal amount invested. Unlike Class C shares, Class A shares offer Breakpoints. See page 2 of this Disclosure and the mutual fund prospectus for more information about Breakpoints.
In addition to the up-front sales charge, your Financial Professional will be paid an ongoing fee based on the value of your mutual fund. This ongoing fee is referred to as a 12b-1 fee or trailing commission and is typically .25% of the value of your investment for the life of your investment.
Expense ratios of a Class A mutual fund range from 0.31% to 37.11% with an average expense ratio of 1.40%
See Internal Expense Ratio Guide on page 2 of this disclosure document.
Class C Shares – C share mutual funds typically pay the financial professional a 1% up front commission and ongoing annual 12b-1 fee compensation of 1% for 10 years and up until you either sell the mutual fund or transfer it to another financial professional. Class C share mutual funds do not offer breakpoint discounts.
The underlying expenses charged to Class A shares are usually are lower than C shares, compensating for the high upfront commissions this category pays. C shares tend to pay the maximum 1% and, since ongoing 12b-1 fees to your Financial Professional figure into the mutual fund's overall expense ratio, the annual expense ratio can rise above 2% for the Class C shareholder.
Because the annual fee, also referred to as the underlying expenses or expense ratio can compound investor cost over time, Class C shares are best suited for those looking to hold fund shares for periods of 3 years or less.
Class C share mutual funds expense ratio range from 0.88% to 57.89% annually with an average expense ratio of 2.11%.
See Internal Expense Ratio Guide on page 2 of this disclosure document.
Unlike A shares, Class C shares do not have front-end loads, but they often carry small back-end loads, officially known as a contingent deferred sales charge (CDSC). A CDSC is typically 1% and it usually vanishes after the mutual fund is held for a year.
Pros | Cons |
No upfront commission – entire deposit is invested | High expense ratios |
No back-end sales charge after one year | Back-end load of first year withdrawals |
Good intermediate-term (1-3 years) investment | Not a good investment for a buy and hold strategy |
Breakpoints –
Class A mutual funds have different ways of charging fees and expenses to investors. Investors who buy Class A shares of a mutual fund usually pay a front-end sales charge or load. Frequently Class A mutual funds offer discounts that reduce and sometimes even eliminate this front-end sales charge for larger investments. Breakpoints are the investment amounts at which a fund offers investors these sales charge discounts. The more you invest, the greater the discount to which you may be entitled. Refer to the mutual fund prospectus for more information about fund feature and expenses.
What a Sample Breakpoint Schedule Looks Like
Breakpoint discounts usually start at investment levels of $50,000, but may begin at $25,000. Here's a sample breakpoint schedule:
Your Investment | Your Sales Charge |
Less than $25,000 | 5.00% |
At least $25,000, but less than $50,000 | 4.25% |
At least $50,000, but less than $100,000 | 3.75% |
At least $100,000, but less than $250,000 | 3.25% |
At least $250,000, but less than $500,000 | 2.75% |
At least $500,000, but less than $1 million | 2.00% |
$1 million or more | No sales charge |
Annual Mutual Fund Internal Expenses (Expense Ratio) An expense ratio is an annual fee expressed as a percentage of your investment — or, like the term implies, the ratio of your investment that goes toward the fund's expenses. If you invest in a mutual fund with a 1% expense ratio, you'll pay the fund $100 per year for every $10,000 invested.
Internal Expense Ratio Guide
The example below shows internal fees for mutual funds that are compounded so you can see the effect of that compounding and the impact on your expected returns. The amount you will pay will reduce the amount of your return by a like amount. This example assumes a $10,000 account that you earn a 5% return each year and fees are deducted at the beginning of each quarter. Although your actual costs may be higher or lower, based on these assumptions your fees would be:
Fee | 1.00% Fee | 1.25% Fee | 1.50% Fee | 1.75% Fee | 2.00% fee |
1 Year | $ 102.00 | $ 127.00 | $ 152.00 | $ 178.00 | $ 203.00 |
3 Year | $ 317.00 | $ 396.00 | $ 476.00 | $ 555.00 | $ 634.00 |
5 Year | $ 550.00 | $ 688.00 | $ 825.00 | $ 963.00 | $ 1,101.00 |
10 Year | $ 1,221.00 | $ 1,527.00 | $ 1,832.00 | $ 2,137.00 | $ 2,443.00 |
Mutual Funds Trading Costs
- The trading (administrative) charges you pay to buy a mutual fund in a Pershing or NFS account range from $0 to $4.25
- The trading (administrative) you pay to sell a mutual fund in a Pershing or NFS account range from $0 to $4.25
- The trading (administrative) charges you pay to exchange a mutual fund in a Pershing or NFS account range from $0 to $8 for the entire transaction.
Geneos Wealth Management, Inc.Form CRS Customer Relationship Summary 03/14/2025 |
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Geneos Wealth Management, Inc. (“Geneos”) is a United States Securities and Exchange Commission (“SEC”) registered investment advisor and a Financial Industry Regulatory Authority (“FINRA”) registered broker-dealer. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at https://www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing. | |
What investment services and advice can you provide me? |
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Brokerage Services We offer brokerage services through Registered Representatives (“RR”). Brokerage services include accounts and services offered through a clearing firm as well as accounts direct with product companies such as insurance and mutual fund companies. Our brokerage services include:
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Advisory Services We offer advisory services through Investment Advisor Representatives (“IAR”). Our advisory services include:
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For additional Information, please see fee disclosure forms, conflicts links, Form ADV Part 2A brochure (Items 4 and 7 of Part 2A or Items 4.A, and 5 of Part 2A Appendix 1) on IAPD at Investor.gov or on our website www.geneoswealth.com/disclosures and any brochure supplement and other disclosures your financial professional provides. | |||||||||||||
Key questions to ask your financial professional about our advisory and brokerage services:
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What fees will I pay? |
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Fees for Brokerage services:
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Fees for Advisory Services: Financial Planning Services (Plans and Consultations).
Asset Management Services.
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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. For additional Information, please see links above under Services Provided |
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Key questions to ask your financial professional about our advisory and brokerage fees:
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What are your legal obligations to me when acting as my broker dealer or investment adviser? How else does your firm make money and what conflicts of interest do you have? |
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For additional Information, please see links above under Services Provided |
Key questions to ask your financial professional about conflicts:
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How do your financial professionals make money? |
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Do you or your financial professionals have legal or disciplinary history? |
Geneos Wealth Management, Inc. does have disclosed disciplinary history. Some of Geneos Wealth Management, Inc.’s financial professionals also have legal and/or disciplinary history. Investors may visit https://www.investor.gov/CRS for a free and simple search tool to research Geneos Wealth Management and its financial professionals. |
Key questions to ask your financial professional about disciplinary history:
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Additional Information |
You can find additional information and a copy of the firm’s Form CRS at www.geneoswealth.com/disclosures. In order to request up-to-date information and/or obtain a copy of the Form CRS, please contact Geneos at 303-785-8470 ext. 325. |
Key questions to ask your financial professional about contacts and complaints:
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MSRB G-10
Geneos Wealth Management, Inc. is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB). An investor brochure that describes the protections that may be provided by MSRB's rules and how to file a complaint with an appropriate regulatory authority can be found on the MSRB's website: www.msrb.org.