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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
9055 E Mineral Circle, Suite 200
Centennial, 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
9055 E Mineral Cir., Ste 200
Centennial, CO 80121

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:

Equitable
FS Investments
Griffin Capital
Icon Capital
Jackson National Life
Lincoln Financial
Prudential Annuities
SEI Investments
Cavanal Hill
Forethought Annuities
Loring Ward
Pacific Life
Transamerica
Toews
Nationwide
Brighthouse
Sammons
Security Benefit
Bluerock

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.

ScenarioResponseRecovery Time
Firm-OnlyGeneos will continue doing business. Employees will continue operations from their home locations via our VPN.ASAP
Denver Tech-Center OutageGeneos will continue doing business. Employees will continue operations from their home locations via our VPN.ASAP
Regional OutageGeneos 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 Liquid Insured Deposits A Account is a secure savings vehicle that offers FDIC insurance of up to $2,500,000 on your cash deposits1.

LIQUID INSURED DEPOSITS A SWEEP PROGRAM RATES AS OF 05/26/2020

Average Linked Balance2 Interest Rate APY
From To
$0.01 $49,999.99 0.03% 0.03%
$50,000.00 $99,999.99 0.04% 0.04%
$100,000.00 $499,999.99 0.05% 0.05%
$500,000.00 $999,999.99 0.07% 0.07%
$1,000,000.00 and above 0.09% 0.09%

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 06/01/2020

Program Deposit Balance Tier Range2 Interest Rate3 APY
From To
$0.01 $4,999.99 0.01% 0.01%
$5,000.00 $24,999.99 0.01% 0.01%
$25,000.00 $49,999.99 0.01% 0.01%
$50,000.00 $99,999.99 0.01% 0.01%
$100,000.00 $499,999.99 0.01% 0.01%
$500,000.00 and above 0.01% 0.01%
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 

June 30, 2020

CONFLICTS OF INTEREST

We have identified certain conflicts of interest that relate to the recommendations we and our Financial Professionals make. A conflict arises when an economic benefit incentivizes Geneos Wealth Management 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 our Firm and your Financial Professional, while others exist only between you and our Firm 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 our Firm 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 Wealth Management 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 Wealth Management over other investments that do not provide additional compensation to your Financial Professional or Geneos Wealth Management.

  • We and our Financial Professionals get paid when you trade or invest based on our recommendations. We are paid each time you trade in your brokerage account or make a new investment. We also pay our Financial Professionals most of the transaction-based payments that we These transaction-based payments, usually called commissions, incentivize us and your Financial Professional to encourage you to trade more or purchase additional investments that result in additional revenue for our Firm and your Financial Professional. When you purchase products, such as mutual funds, 529 plans, closed-end funds at public offering, UITs, and variable insurance products, the sponsor company will 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.
  • For some investments you purchase based on our recommendation, we receive payments that are in addition to the transaction-based payments described above. This is typically the case when you purchase mutual funds, 529 plans, closed-end funds, UITs, and variable insurance products. 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.
  • 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 Wealth Management 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 Wealth Management 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.
  • 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. Some investments, such as mutual funds, 529 plans, UITs, nontraded alternative investments, and variable insurance products, offer multiple share classes. 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 incentivize us 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.
  • We get 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 rollover recommendations incentivize us and your Financial Professional to encourage the purchase of investments that result in additional compensation for us and your Financial Professional that we would not otherwise receive if the funds remained in your workplace retirement plan.
  • 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 cost-effective for you than the 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.

Conflicts for Our Firm Alone

Conflicts between you and our Firm 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 we make of their investments or the total amount of customer assets we direct to These payments are often called “revenue sharing” payments. Revenue sharing payments incentivize us to sell you or recommend you hold investments that make these payments rather than investments that do not entail these payments, or make comparatively lower payments. We also receive 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 and are not tied to total sales or customer assets. All of these payments incentivize us to sell you or recommend you hold investments issued by issuers that make these payments rather than investments 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 and National Financial Services LLC (NFS) makes revenue sharing payments to As our primary clearing firms, Pershing and NFS makes periodic payments to us in the amount of our total customer assets that have transferred from a custodian other than Pershing or NFS. We also collect a portion of the No-Transaction Fee revenue from the custodians on non-advisory accounts. We also add a markup to the transaction costs and certain other brokerage account charges and fees that are assessed to your brokerage account and transactions. 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.
  • We may act as a solicitor for other RIA’s sometimes they may be referred to as Third Party Money Managers (TPMM). In this solicitor arrangement we will receive a portion of the fee the TPMM will charge This varies and will be identified in the TPMM’s Form ADV.
  • Geneos offers an Insured Deposit Program (“IDP”) as well as money market funds as our core account sweep vehicle with our custodian, Pershing, LLC. The IDP is used to hold your cash balances in advisory accounts while awaiting reinvestment. The IDP generates financial benefits for Geneos which are a conflict of interest.
  • If you opt out the IDP, we provide access to other core account investment vehicles, including money market funds, to hold cash balances waiting to be reinvested. Geneos receives a financial benefit (revenue sharing from the money market provider) if cash is placed into a money market fund which presents a conflict of interest.

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”), and commissions and trails they Firm-paid cash and “non-cash” compensation incentives for Financial Professional are tied to total production. Commissions and trails paid to a Financial Professional are a percentage of the Gross Dealer Concessions (“GDC”) Geneos Wealth Management receives 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 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. Your Financial Professional’s payout percentage is adjusted depending on your Financial Professional’s total production. The potential to receive higher payout percentage adjustments incentivizes 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.
  • Some of our branch supervisors oversee the sales and marketing activities of other Financial Professional located in their These managers usually receive a portion of the compensation earned by Financial Professional over which they have supervisory responsibility. This could cause a manager to approve a transaction or series of transactions for your account when there may be less-costly alternatives available to you.
  • 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 Wealth Management as of a milestone date. Some Financial Professionals who joined Geneos Wealth Management prior to May 2020 were provided with forgivable loans that are tied to their total production achieved as of a milestone date.
  • 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, his or her use of these issuers’ higher level of training and administrative support 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 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 If your Financial Professional engages in any outside business activities, these activities may cause your Financial Professional to spend more time on the outside business activity rather than on his or her brokerage relationship with you. You may research any outside business activities your Financial Professional may have on FINRA’s BrokerCheck website at www.brokercheck.finra.org You can also find additional information on these outside business activities in your Financial Professional’s ADV Part 2B document. You 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.

ProsCons
No upfront commission – entire deposit is investedHigh expense ratios
No back-end sales charge after one yearBack-end load of first year withdrawals
Good intermediate-term (1-3 years) investmentNot 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 InvestmentYour Sales Charge
Less than $25,0005.00%
At least $25,000, but less than $50,0004.25%
At least $50,000, but less than $100,0003.75%
At least $100,000, but less than $250,0003.25%
At least $250,000, but less than $500,0002.75%
At least $500,000, but less than $1 million2.00%
$1 million or moreNo 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:

Fee1.00% Fee1.25% Fee1.50% Fee1.75% Fee2.00% 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

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?

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:

  • Taking customer orders and executing securities transactions based on customer instructions.
  • Providing investor education, research, financial tools, and personalized information about financial products and services, including recommendations about whether to buy, sell or hold securities.
  • Custodial services where appropriate.
  • When Geneos acts as your broker-dealer, Geneos and its RR’s do not have discretion to buy and sell securities for you. In other words, Geneos will only place transactions in brokerage accounts and/or direct product company accounts upon approval from you. You will make individual buy, sell, and hold decisions in your Geneos brokerage account and/or direct product company account.
  • Unlike a Geneos advisory account, in a Geneos brokerage account and/or a direct product company account, Geneos and its RR’s do not provide ongoing monitoring of customer accounts.
  • Geneos does not require a minimum amount to open a Geneos brokerage account or a direct product company account.

Advisory Services

We offer advisory services through Investment Advisor Representatives (“IAR”). Our advisory services include:

  • Services to retail investors for an ongoing fee based on the value of cash and investments in your account. We also offer fixed fee and one-time Financial Planning Fees. Our two primary management options are the VIP Ultra and Axiom programs.
  • Our advisory services include wealth management, financial planning, consultations on wealth transfer, estate planning, tax planning, retirement planning, education funding, and charitable gifting.
  • We will meet with you to understand your current financial situation, existing resources, goals, and risk Based on what we learn, we will recommend a portfolio of investments that is regularly monitored, and if necessary, rebalanced to meet your changing needs, stated goals and objectives.
  • Our accounts are managed on a discretionary basis. We do not need to contact you when buying or selling in your account. You will sign a client services agreement giving us this authority, which will remain in place until you or we terminate the relationship. See https://adviserinfo.sec.gov/firm/summary/120894
  • Geneos does not require a minimum amount to open a Geneos advisory account.
  • We are limited to using ourselves as a broker‐ dealer and any custodian that we have approved for advisory activities. 
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:

  • Given my financial situation, should I choose an investment advisory service? Should I choose a brokerage service? Should I choose both types of services? 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?

Fees for Brokerage services:

  • Depending on what you buy or sell, you may pay commissions, sales charges, and/or administrative fees. In addition, you pay transaction-based fees on the purchase or sale of certain equity and fixed-income products. The investments within your non-ERISA plan also may have ongoing expenses such as distribution and/or services fees (12b-1 fees), trail and renewal commissions that reduce your investment returns.
  • We and our financial professionals get paid when you trade or invest based on our recommendations. We are paid each time you trade in your brokerage account or make a new investment. We also pay our financial professionals most of the transaction-based payments that we receive. These transaction-based payments, usually called commissions, incentivize us and your financial professional to encourage you to trade more or purchase additional investments that result in additional revenue for our Firm and your RR. When you purchase products, such as certain mutual funds, 529 plans, closed-end funds at public offering, UITs, and variable insurance products, the sponsor company will 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.
  • Geneos also offers annuity products. Geneos and its RRs and IARs may have a financial incentive to offer a contract that includes optional benefit features, which may entail additional fees in addition to the base fee associated with the contract. Geneos may also encourage contract owners to select investment options with relatively higher fees, or may offer you a new contract in place of the one you already have.
  • In addition to transaction related fees, you also may pay other administrative account fees for various services provided within the account. A complete schedule of these administrative account fees is available at: www.geneoswealth.com/disclosures.
  • Geneos receives a portion of many of the account fees you pay.

 

 

 

 

 

Fees for Advisory Services:

Financial Planning Services (Plans and Consultations).

  • Negotiated between you and your Investment Advisor Representative (“IAR”) in advance and set forth in your contract.
  • You may be charged as a one-time fixed fee, an hourly fee, or a fixed periodic fee.
Billing FrequencyMinimum FeeMaximum Fee
One Time$125$25,000
Hourly$35 per hour$300 per hour
Periodic$50 per period$25,000 per period

 

Asset Management Services.

  • Fees for investment advisory services are based on a percentage of assets under management. The greater the assets you have in your advisory accounts, the more fees you will pay and, thus, Geneos and its IARs may have an incentive to encourage you to increase assets in the account.
  • Fees are negotiated between you and your IAR and will be disclosed in your agreement.
  • Fees range from 0.50% to 2.50%. Minimum account fee is 0.50% or 50 basis points and we may accept accounts with a lower fee at our discretion.
  • Our wrap fee programs, VIP Ultra and Axiom, charge a combined fee for management and transactions, as disclosed in each program’s Wrap Fee Disclosure Brochure. This combined fee for management and transactions may be higher than some traditional management programs.
  • You may incur other charges imposed by third parties such as custodians, including but not limited to, confirmation fees, mutual fund 12b‐1 distribution fees, sub accounting fees, contingent deferred sales charges, variable annuity fees and surrender charges, short term redemption fees, qualified retirement plan fees, account maintenance fees, mutual fund management fees and investment management fees. Please see www.geneoswealth.com/disclosures for full detail regarding third-party fees.
  • We may act as a solicitor for other RIA’s. Sometimes they may be referred to as Third Party Money Managers (TPMM). In this solicitor arrangement we will receive a portion of the fee the TPMM will charge you. This varies and will be identified in the TPMM’s Form ADV.

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

Key questions to ask your financial professional about our advisory and brokerage fees:

  • Help me understand how these fees and costs might affect my 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 providing recommendations as my broker-dealer or when acting as my investment adviser?
  • How else does your firm make money and what conflicts of interest do you have?

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?

  • When we provide you with a recommendation as your broker-dealer or act as your investment advisor, 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 recommendations and investment advice we provide you. Here are some examples:
  • Geneos offers an Insured Deposit Program (“IDP”) as well as money market funds as our core account sweep vehicle with our custodians, Pershing, LLC and National Financial Services, LLC. The IDP is used to hold your cash balances in advisory accounts while awaiting reinvestment. The IDP generates financial benefits for Geneos which are a conflict of interest.
  • If you opt out the IDP, we provide access to other core account investment vehicles, including money market funds, to hold cash balances waiting to be Geneos receives a financial benefit (revenue sharing from the money market provider) if cash is placed into a money market fund which presents a conflict of interest.
  • Geneos engages in revenue sharing arrangements with certain investment A complete listing of these relationships and how these conflicts might affect you, and the revenue Geneos receives is available at www.geneoswealth.com/disclosures.
  • Geneos receives payments from third-parties which creates conflicts of interest. For more information go to our website.
  • Geneos and its IARs and RRs may receive compensation as a result of specific investment recommendations made to you. This compensation varies depending upon the type of investment. As examples, Geneos and/or its financial professional may receive commissions on certain investments or may receive trailing fees (i.e., fees paid to Geneos and/or its financial professional after the initial investment is made). The amount of compensation received could create a conflict of More specific information regarding the compensation paid in connection with any specific investment will be provided by our RR and/or IAR, if applicable, at the time the investment is made.
For additional Information, please see links above under Services Provided

Key questions to ask your financial professional about conflicts:

  • How might your conflicts of interest affect me, and how will you address them?

How do your financial professionals make money?

  • Geneos RR’s are compensated by receiving a percentage of commissions tied to the investment products you purchase.
  • Geneos IAR’s receive a negotiated fee based on the percentage of assets in your Geneos advisory account.
  • Geneos IAR’s may also receive financial planning fees.
  • Geneos IAR’s may also receive solicitor fees.

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:

  • As a financial professional, do you have any disciplinary history? For what type of conduct?

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:

  • 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?