Form ADV Part 2A
Firm Brochure Item 1 Cover Page
MONOTELO WEALTH PARTNERS INC. 2250 Point Boulevard Suite 210 Elgin, IL 60123
This brochure provides information about the qualifications and business practices of Monotelo Wealth Partners Inc.. If you have any questions about the contents of this brochure, please contact us at 847-923-9015 and/or jim@monotelo.com.
The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission (“SEC”) or by any state securities authority. Additional information about Monotelo Wealth Partners Inc. also is available on the SEC’s website at
www.adviserinfo.sec.gov.
Monotelo Wealth Partners Inc.’s registration as an investment adviser does not imply a certain level of skill or training.
Effective Date: November 25, 2025
Item 2 Material Changes
Last Annual Update: None
Summary of Material Changes
This section will be updated as required in the event any material changes are made to the Monotelo Wealth Partners Inc. Firm Brochure (the “Brochure”):
- We changed our name from Telos Asset Management Company to Monotelo Wealth Partners, inc.
- Completion of required onboarding documentation
A complete copy of our current Form ADV Part 2A and/or 2B may be requested free of charge by contacting us by telephone at 847-923-9015 or by email at reese@monotelowealth.com.
Item 3 Advisory Business
FIRM DESCRIPTION
As a registered investment adviser, we are a fiduciary to you, our client, meaning we have a fundamental obligation to act and provide investment advice that is in your best interest. Should any material conflicts of interest exist that might affect the impartiality of our investment advice, they will be disclosed to you in this Brochure. We urge you to review this Brochure carefully and consider our qualifications, business practices and the nature of our advisory services before becoming our client.
Monotelo Wealth Partners Inc. currently manages $41,000,000 of client assets on a discretionary basis and $0 on a non-discretionary basis.
ADVISORY PROGRAMS
Investment Advisory Services. MONOTELO WEALTH PARTNERS INC. provides investment advisory services where our firm primarily manages balanced portfolios with an emphasis on diversification and an appropriate mix between fixed income instruments and equity securities of domestic, developed market international and emerging markets when appropriate.
Although we primarily invest in exchange traded funds, in some circumstances we may utilize other types of securities where appropriate, including mutual funds, direct stock holdings, bonds, municipal securities, U.S. Treasuries, options contracts and money market instruments. Our advice is generally limited to these types of investments, but we reserve the right to advise or not advise our clients on certain investments should we deem it appropriate based on their particular circumstances.
MONOTELO WEALTH PARTNERS INC.’s advisory services are tailored to the needs of our clients based on their individual investment objectives, risk tolerance, cash or income needs, and any investment restrictions. Although MONOTELO WEALTH PARTNERS INC. seeks to accommodate any reasonable investment restrictions or guidelines set by our clients, we may at our discretion decline to accommodate certain investment restrictions that are incompatible with our firm’s investment philosophy or that may have an adverse effect on our ability to manage your account.
MONOTELO WEALTH PARTNERS INC. enters into formal written agreements with our clients setting forth the terms and conditions under which we will provide our advisory services (the “Engagement Agreement”). The Engagement Agreement sets forth the scope of the services to be provided and the compensation we receive from the client for such services. The Engagement Agreement may be terminated by either party in writing at any time.
MONOTELO WEALTH PARTNERS INC. generally exercises discretionary authority where we manage investment portfolios without client consultation after the initial establishment of the client’s investment objectives and appropriate asset allocation. MONOTELO WEALTH PARTNERS INC. receives discretionary authority from our clients through our Engagement Agreement at the outset of our advisory relationship. We generally do not manage accounts on a non-discretionary basis. We may, however, from time to time make an exception upon client request.
Wrap Fee Programs. MONOTELO WEALTH PARTNERS INC. does not participate in any wrap fee programs.
Our advisory services are offered through certain individuals who have registered with MONOTELO WEALTH PARTNERS INC. as its investment adviser representatives (“advisors”). Clients should refer to such advisor’s Form ADV Part 2B (the “Brochure Supplement”) for more information about their qualifications. The Brochure Supplement is a separate document provided to the client along with this Brochure. Clients who did not receive a Brochure Supplement for their advisor(s) should contact our firm at 847-923-9015.
Important Note: It is the client’s responsibility to ensure that MONOTELO WEALTH PARTNERS INC. is promptly notified if there are ever any significant changes to their financial situation, goals, objectives or needs so we can review our previous recommendations and make any necessary adjustments.
Item 5 Fees and Compensation
ADVISORY FEES
The following information describes how MONOTELO WEALTH PARTNERS INC. is compensated for the advisory services we provide to our clients. The specific manner in which fees are charged and the compensation we receive may differ between clients depending upon the individual Engagement Agreement with each client. MONOTELO WEALTH PARTNERS INC. reserves the right to negotiate our compensation with clients depending on the scope of our advisory relationship, and we may charge higher or lower fees than are available from other firms for comparable services. MONOTELO WEALTH PARTNERS INC. has the general discretion to waive all or a portion of our fees, but typically only exercises this discretion for our employees.
Investment Advisory Fees. In consideration for providing investment management services and pursuant to the Engagement Agreement with the client, MONOTELO WEALTH PARTNERS INC. charges an annual fee based on the client’s assets under management (“AUM”), as determined by the custodian. Fees are negotiated with each client based on a variety of factors, such as the number of accounts being managed, our ability to be competitive with fees charged by other investment advisory firms, anticipated future deposits or new accounts, pre-existing relationships, the level and type of services required by the client and/or the nature of the relationship with the client. Our standard maximum fee rates are provided below. The specific negotiated fee will be stated in the Engagement Agreement.
Schedule of Fees
Assets under Management | Annual Fee |
|---|---|
Assets less than $1,000,000 | 1.25% |
$1,000,001 to $5,000,000 | 1.00% |
$5,000,001 to $10,000,000 | 0.80% |
$10,000,001 and above | 0.60% |
MONOTELO WEALTH PARTNERS INC. generally bills our fees on a monthly basis in arrears. Clients may elect to have our investment management fees deducted from their account(s), pursuant to the client’s written instructions to the broker/dealer holding the account (the “qualified custodian”). Clients specify the method by which our fees will be calculated as well as the timing of the deductions (i.e., daily, monthly, quarterly, etc.). This request may be made in the client’s account application to the qualified custodian or at any time after that, and the client may change his billing instructions to the qualified custodian at any time. Once this written request from the client is processed, the qualified custodian will calculate the fees according to the method specified by the client. Our firm does not have the authority to request that the qualified custodian withdraw any fees from the client’s accounts or make any adjustments to clients’ predetermined fee calculation method (other than to reduce the fee). Clients can either specify a calculation method (i.e., percent of AUM) or they can authorize the qualified custodian to pay us fees up to a certain amount each month (or quarter) and process any invoices we submit for up to that amount. Any advisory fees deducted from the client’s account(s) will be reflected on account statements sent by the qualified custodian.
Additional Fees and Expenses. Clients will incur transaction charges and/or brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by the brokerdealer or qualified custodian through which account transactions are executed. MONOTELO WEALTH PARTNERS INC. does not share in any portion of the brokerage fees or transaction charges charged to clients.
The fees that clients pay to our firm for investment advisory services are separate and distinct from the fees and expenses charged by mutual funds or exchange traded funds to their shareholders. The fees charged by mutual funds and exchange traded funds will generally include a management fee and other fund expenses. To fully understand the total costs associated with their investment portfolio, clients should review all the fees charged by mutual funds, exchange traded funds, our firm and others.
The fees that clients pay to our firm for investment advisory services are separate and distinct from the fees and expenses charged by mutual funds or exchange traded funds to their shareholders. The fees charged by mutual funds and exchange traded funds will generally include a management fee and other fund expenses. To fully understand the total costs associated with their investment portfolio, clients should review all the fees charged by mutual funds, exchange traded funds, our firm and others.
Termination. The Engagement Agreement with our clients may be terminated by either party at any time upon thirty (30) days written notice. Upon termination of our status as the client’s investment adviser, MONOTELO WEALTH PARTNERS INC. will not take any further action with respect to the client’s account(s) unless specifically notified by the client in writing. Clients will be responsible for instructing their custodian and monitoring their account for the final disposition of assets.
In Illinois, unless a client has received our firm’s Form ADV Part 2 disclosure brochure at least forty-eight (48) hours prior to signing the investment advisory contract, the investment advisory contract may be terminated by the client within five (5) business days of signing the contract without incurring any advisory fees. Refunds. Upon receipt of a proper notice of termination from the client, as described in the Engagement Agreement, any earned unpaid fees will be billed on a pro-rata basis based on the amount of work performed by us up to the point of termination.
Brokerage Commissions. MONOTELO WEALTH PARTNERS INC. does not receive brokerage commissions from the sale of securities or other investment products. Our compensation for recommending securities and investment products is limited to the advisory fees described above.
Any material conflicts of interest between clients and MONOTELO WEALTH PARTNERS INC. or our employees are disclosed in this Brochure. If at any time, additional material conflicts of interest develop, MONOTELO WEALTH PARTNERS INC. will provide our clients with written notification of those material conflicts of interest or an updated Brochure.
Item 6 Performance-Based Fees
PERFORMANCE BASED FEES
MONOTELO WEALTH PARTNERS INC. does not charge our clients fees based on a share of capital gains on or capital appreciation of the assets in their accounts.
Item 7 Types of Clients
TYPES OF CLIENTS
MONOTELO WEALTH PARTNERS INC. offers investment advisory services to a diversified group of clients that may include individuals, high net worth individuals, trusts, estates, pension and profit sharing plans (other than plan participants), charitable organizations, corporations and other business entities. Client relationships may vary in scope and length of service.
ACCOUNT REQUIREMENTS
MONOTELO WEALTH PARTNERS INC. generally requires a minimum account balance of $500,000 for our investment management services, however, MONOTELO WEALTH PARTNERS INC. in its sole discretion may waive or lower our minimum account balance requirement based on various criteria (i.e., anticipated future additional assets to be managed, related accounts, account composition, negotiations with the client, etc.).
Item 8 Methods of Analysis, Investment Strategies and Risk of Loss
METHODS OF ANALYSIS
In providing investment advisory services to our clients, the investment team at MONOTELO WEALTH PARTNERS INC. is responsible for analyzing and making the portfolio selections that drive our investment strategies. Our methods of analysis may include fundamental analysis, technical analysis, cyclical analysis and economic analysis. Our main sources of information include annual reports, prospectuses, filings with the SEC, company press releases, research materials prepared by others, corporate rating services, timing services and financial newspapers and magazines.
Our methods rely on the assumption that the companies whose securities we purchase and sell, the rating agencies that review these securities, and other publicly-available sources of information about these securities, are providing accurate and unbiased data. While we are alert to indications that data may be incorrect, there is always a risk that our analysis may be compromised by inaccurate or misleading information.
INVESTMENT STRATEGIES
MONOTELO WEALTH PARTNERS INC.’s core strategies invest in debt and equity securities of issuers that are traded publicly in U.S. and non-U.S. markets, as determined by the Investment Adviser. MONOTELO WEALTH PARTNERS INC. also may invest in preferred stocks, convertible securities, options (including covered and uncovered puts and calls and over-the-counter options), derivative instruments, bonds and other fixed income securities, non-U.S. currencies, commodity interests, private securities, money market instruments, exchange traded funds, exchange traded products, mutual funds and cash and cash equivalents.
MONOTELO WEALTH PARTNERS INC. seeks to achieve broad diversification across geographies and industries. Although MONOTELO WEALTH PARTNERS INC. will primarily invest in developed economies (North America, Europe, and Japan), MONOTELO WEALTH PARTNERS INC. may occasionally take small positions in emerging markets where MONOTELO WEALTH PARTNERS INC. sees attractive opportunities. MONOTELO WEALTH PARTNERS INC. expects that a significant portion of our strategies will be invested in exchange traded funds for the purposes of achieving broad market exposure in a cost-efficient way for your clients.
When MONOTELO WEALTH PARTNERS INC. invests in a security, it generally seeks longer holding periods to achieve tax efficient capital appreciation if the asset is being held in a taxable account.
RISK OF LOSS
Any investment carries a certain degree of risk, including a possible loss of principal that clients should be prepared to bear. The value of securities used in all of our strategies may go up or down in response to factors not within our control, such as but not limited to the status of an individual company underlying a security, or the general economic climate. There is no guarantee that any of the investment strategies that our firm employs will outperform the investment strategies used by other firms. Past performance is no guarantee of future results.
MONOTELO WEALTH PARTNERS INC. expects our core strategies to experience downside volatility when economic conditions weaken, and we encourage our clients to emotionally prepare for periods when their portfolio will lose value. If investors are not comfortable seeing changes in their portfolio value, they should not invest in MONOTELO WEALTH PARTNERS INC.’s diversified strategies.
Investors should be aware their investment is not guaranteed and understand that there is a significant risk of loss of value in their investment.
Item 9 Disciplinary Information
REQUIRED DISCLOSURES
Our firm and our management persons have not been involved in any legal or disciplinary events that would have a material adverse effect on the management or other services we provide to our clients.
Item 10 Other Financial Industry Activities and Affiliations
OUTSIDE BUSINESS ACTIVITIES
Neither MONOTELO WEALTH PARTNERS INC. nor any of its employees are registered, or have an application pending to register, as a broker-dealer or registered representative of a broker dealer, futures commission merchant, commodity pool operator, a commodity trading advisor, or an associated person of the foregoing entities.
AFFILIATED ENTITIES
Monotelo Advisors
Employees of MONOTELO WEALTH PARTNERS INC. may be separately licensed as Certified Public Accountants or Enrolled Agents through an affiliated entity of MONOTELO WEALTH PARTNERS INC., Monotelo Advisors. Any compensation for their services is paid directly to Monotelo Advisors and MONOTELO WEALTH PARTNERS INC. does not receive any portion of this compensation. Clients are under no obligation to use the services provided by Monotelo Advisors.
Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading
CODE OF ETHICS
MONOTELO WEALTH PARTNERS INC. has adopted a Code of Ethics (the “Code”) that sets forth a standard of business conduct for our firm and all our associated persons. The purpose of the Code is to set out ideals for integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence for our firm and our associated persons to espouse in the interest of our clients and investor protection. The Code includes provisions relating to the confidentiality of client information, a prohibition on insider trading, restrictions on the acceptance of significant gifts and the reporting of certain gifts and business entertainment items, and personal securities trading procedures, among other things. All employees of MONOTELO WEALTH PARTNERS INC. are required to handle their personal securities transactions in such a manner as to avoid any actual or potential conflicts of interest or any abuse of position of trust and responsibility. Annually, we require all employees to certify that they have read, understand and will comply with the Code. Clients and prospective clients may request a full copy of our firm’s Code of Ethics by contacting our firm in writing at Monotelo Wealth Partners Inc., 2250 Point Boulevard Suite 230, Elgin, IL 60123 or calling our firm at 847-923-9015.
PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS
MONOTELO WEALTH PARTNERS INC. and/or our advisors may invest in the same securities that are recommended to and/or purchased for our clients. MONOTELO WEALTH PARTNERS INC. has adopted procedures designed to assure that the personal securities transactions, activities and interests of MONOTELO WEALTH PARTNERS INC. and/or our advisors will not interfere with our ability to make investment decisions in the best interest of our clients.
PERSONAL TRADING
MONOTELO WEALTH PARTNERS INC. maintains and enforces written policies and procedures reasonably designed to prevent the misuse of material non-public information by our firm or any access persons of our firm with regards to their personal securities transactions. Personal trading activities are continually monitored to reasonably prevent conflicts of interest between our firm and our clients.
Item 12 Brokerage Practices
SELECTION OF BROKER-DEALERS
Securities transactions are generally executed through Charles Schwab, (“Charles Schwab”), member FINRA/SIPC/NYSE. Charles Schwab maintains custody of our clients’ assets and effects securities transactions for our investment management clients’ accounts. MONOTELO WEALTH PARTNERS INC. is independently owned and operated, and is not affiliated with or a related person of Charles Schwab.
MONOTELO WEALTH PARTNERS INC. considers a number of factors prior to recommending a particular broker-dealer to our clients, including but not limited to, their familiarity with the securities to be sold or purchased, their execution skills, order-flow capabilities, their commission rates or other fee schedules, their custodial services, their level of net capital (financial strength) and excess SIPC and other insurance coverage. The commissions charged by Charles Schwab are competitive with similarly situated retail broker-dealers offering the same variety of securities to clients. Clients are advised, however, that they may be able to effect transactions in securities through other broker-dealers at lower commission rates, particularly with respect to securities listed on a national securities exchange or in the over-the-counter market.
Research and Other Soft Dollar Benefits. Charles Schwab offers products or services other than execution that assist our firm in managing and administering client accounts. These may include software and other technology that provide access to client account data (such as trade confirmations and account statements), facilitate trade execution (and allocation of aggregated trade orders for multiple client accounts), facilitate payment of our fees from client’s accounts, and assist with back office functions, record keeping and client reporting. These services may be used to service all or a substantial number of client accounts, including accounts not maintained at Charles Schwab.
MONOTELO WEALTH PARTNERS INC. may also receive services from Charles Schwab or its affiliates that are intended to help our firm manage and further develop our business. These services may include registration support through Greenwich Compliance, website design and technology support. Charles Schwab also has arrangements with various product vendors, which enable our firm to purchase their products at a discount. These products may include such items as: client reporting and consolidated statement software; client communication software; client relationship management software; compliance assistance; and investment research.
MONOTELO WEALTH PARTNERS INC. does not participate in any commission-sharing arrangements or receive soft dollar credits. While the benefits we receive from Charles Schwab do not depend on the amount of brokerage transactions directed to Charles Schwab, as a fiduciary we are required to disclose that there is an inherent conflict of interest when our firm recommends that clients maintain their assets at Charles Schwab. These recommendations may be based in part on the benefits we receive from Charles Schwab, such as the availability of the abovementioned products and services, and not solely on our clients’ interest in receiving most favorable execution. Nonetheless, we seek to ensure that the securities transactions effected for our clients represent the best qualitative execution, not just the lowest possible cost.
Our firm routinely compares order execution disclosure information at Charles Schwab to other broker-dealers to ensure that Charles Schwab remains competitive in providing best execution for our clients’ securities transactions. Although the brokerage commissions and/or transaction fees charged by Charles Schwab may be higher or lower than those charged by other broker-dealers, in seeking best execution for our clients our firm strives to ensure that our clients pay brokerage commissions and/or transactions fees which we have determined, in good faith, to be reasonable in relation to the value of the brokerage and other services provided by Charles Schwab.
Brokerage for Client Referrals. MONOTELO WEALTH PARTNERS INC. does not consider brokerdealer or third party referrals in selecting or recommending broker-dealers to our clients as this would create a conflict of interest.
Directed Brokerage. While MONOTELO WEALTH PARTNERS INC. generally recommends that clients direct transactions through certain broker-dealers, we do not have discretionary authority to determine the broker-dealer to be used for the purchase or sale of securities for client accounts or the commission rates paid to a broker-dealer for client securities transactions.
In rare cases, MONOTELO WEALTH PARTNERS INC. may utilize other broker-dealers when requested by the client. Clients of MONOTELO WEALTH PARTNERS INC. must be aware that if they direct us to use a particular broker-dealer that it may limit our ability to achieve best execution or limit their participation in block trading. As a result, clients may pay higher commissions, have higher transaction costs, or receive less favorable prices. In situations where the client directs us to affect their transactions through a particular broker-dealer, we require such directions to be in writing.
TRADE AGGREGATION
Trade orders for the same security entered on behalf of more than one client will generally be aggregated pursuant to our firm’s trade aggregation procedures. Investment decisions deemed appropriate for one client may also be deemed appropriate for other clients so that the same security may be purchased or sold at or about the same time for more than one client. When this is the case our firm may, but is not obligated to, aggregate similar trades for multiple clients and execute the trade as a single block.
When transactions are so aggregated, the securities purchased or sold will be allocated in a fair and equitable manner. Our trade allocation procedures seek to allocate investment opportunities among our clients in the fairest possible way taking into account their best interests. These procedures ensure that allocations do not involve a practice of favoring or discriminating against any client or group of clients. Transactions are usually aggregated to seek a more advantageous net price and/or to obtain better execution for all clients. Nevertheless, there is no assurance that the aggregation of transactions will benefit all clients equally, and in some instances combined orders could adversely affect the price or volume of a security. Also, it is possible that we may not aggregate trades in circumstances where it would be beneficial to do so.
TRADE ERRORS
From time to time, our firm may make a trade error when servicing a client’s account. When this occurs, we will correct the trade as soon as we discover the error. Trading errors will be corrected at no cost to clients. In most cases, we will correct trade errors via our executing broker-dealer’s trade error desk. If there is a cost associated with this correction, such cost is borne by MONOTELO WEALTH PARTNERS INC. and not the client. Note that we do not credit accounts for market losses unrelated to our error.
Item 13 Review of Accounts
ACCOUNT REVIEWS
Accounts managed by MONOTELO WEALTH PARTNERS INC. are reviewed on an ongoing basis in connection with the client’s investment objectives, policies and restrictions. Client accounts for which MONOTELO WEALTH PARTNERS INC. exercises discretionary authority are continually monitored and rebalanced to ensure consistency with the parameters selected by the client, within a reasonable tolerance level.
ACCOUNT REPORTS
Clients are provided with regular account statements directly from our custodian. Clients are urged to compare the account statements they receive from their custodian to any account reports received from our firm.
Item 14 Client Referrals and Other Compensation
CLIENT REFERRALS
MONOTELO WEALTH PARTNERS INC. may from time to time enter into arrangements with third parties (or “solicitors”) to promote the investment advisory services offered by our firm. All clients procured through outside solicitors will be given full written disclosures by the solicitor, describing the terms and compensation arrangements between MONOTELO WEALTH PARTNERS INC. and the solicitor prior to or at the time of entering into an advisory relationship with our firm.
It is our firm’s policy not to compensate clients for referring potential clients to our firm, because the client would be considered a solicitor and would have to satisfy requirements under Rule 206(4)-3 of the Advisers Act or similar state rules regarding solicitation arrangements before a cash referral fee could be paid to them.
OTHER COMPENSATION
MONOTELO WEALTH PARTNERS INC. does not receive an economic benefit from anyone who is not a client in exchange for our provision of investment advice or other advisory services.
Item 15 Custody
DEFINITION OF CUSTODY
MONOTELO WEALTH PARTNERS INC. does not exercise custody over client assets or accounts. The qualified custodian maintains custody of client funds in separate brokerage account(s) for each client under the client’s name. MONOTELO WEALTH PARTNERS INC. personnel may assist the client in preparing paperwork to open a new brokerage account at the qualified custodian, but only the client is permitted to authorize, by their signature, the opening of the account. Charles Schwab sends an account-opening letter to each client at their physical mailing address after the account is approved.
Clients can access daily, monthly and annual account statements as well as daily trade confirmations through the qualified custodian’s password-protected website. Clients should also expect to receive quarterly account summaries or statements from the qualified custodian. Clients should carefully review the account statements and summaries received from the qualified custodian(s) and compare such official custodial statements to any account reports provided by MONOTELO WEALTH PARTNERS INC.. Any client that does not receive an account statement or summary from the qualified custodian should call our firm immediately so that we can arrange to have another statement sent by the custodian.
Item 16 Investment Discretion
DISCRETIONARY AUTHORITY
MONOTELO WEALTH PARTNERS INC. manages client securities portfolios on a discretionary basis. MONOTELO WEALTH PARTNERS INC. is granted limited discretionary authority in writing by the client at the outset of the advisory relationship. This limited discretionary authorization gives MONOTELO WEALTH PARTNERS INC. the authority to manage the client’s investment assets at our firm’s sole discretion and without consulting with the client in advance, subject to the investment objectives, guidelines and restrictions set by the client. This authorization will remain in full force and effect until we receive a written termination notice from the client.
MONOTELO WEALTH PARTNERS INC. does not have discretionary authority to determine what broker-dealer to use or the amount of commissions that are charged by the broker-dealer or custodian.
Item 17 Voting Client Securities
AUTHORITY TO VOTE CLIENT PROXIES
MONOTELO WEALTH PARTNERS INC. does not accept authority from clients with respect to voting of proxies solicited by, or with respect to, the issuers of any securities held in client portfolios. The qualified custodian holding the client’s assets will send all such proxy documents it receives to the client so that the client may take whatever action the client deems appropriate. MONOTELO WEALTH PARTNERS INC. does not offer any consulting assistance regarding proxy issues to clients.
Item 18 Financial Information
REQUIRED DISCLOSURES
As previously discussed in this brochure, MONOTELO WEALTH PARTNERS INC. may accept limited discretionary authority when providing investment management services if agreed upon in writing with the client. MONOTELO WEALTH PARTNERS INC. does not require clients to prepay more than $500 in fees six months or more in advance.
MONOTELO WEALTH PARTNERS INC. has no financial commitments that would impair our firm’s ability to meet our contractual and fiduciary commitments to our clients, and has not been the subject of a bankruptcy proceeding.
Item 19 Requirements for State-Registered Advisers
EXECUTIVE OFFICERS AND MANAGEMENT PERSONS
Name: | James Patrick Richter |
|---|---|
Year of Birth: | 1968 |
Education: | B.S. Finance, 1991
University of Illinois – Chicago |
Experience: | Monotelo Wealth Partners Inc. (Formerly Telos Asset Management
Company); Elgin, IL
Investment Adviser Representative
(02/2017 – Present) |
Monotelo Advisors; Elgin, IL
President & CEO
(02/2015 – Present) | |
HD Vest Advisory Services; Elgin, IL
Investment Adviser Representative/Registered Representative
(07/2015 – 02/2017) | |
Performance Trust Investment Advisors; Chicago, IL
Partner
(09/2007 – 01/2015) |
OUTSIDE BUSINESS ACTIVITIES
Please refer to the “Other Financial Industry Activities and Affiliations” section of this Brochure for more information.
PERFORMANCE-BASED FEES
MONOTELO WEALTH PARTNERS INC. does not charge our clients fees based on a share of capital gains or capital appreciation of the assets in their accounts.
LEGAL OR DISCIPLINARY EVENTS
Neither MONOTELO WEALTH PARTNERS INC. or our management persons have been involved or been found liable in any arbitration claims alleging damages in excess of $2,500 or been involved or been found liable in any civil, self-regulatory organization, or administration proceeding.
ISSUERS OF SECURITIES
Neither MONOTELO WEALTH PARTNERS INC. or our management persons have any relationships or arrangements with any issuers of securities.
Form ADV Part 2B: Brochure Supplement
Item 1 MONOTELO WEALTH PARTNERS INC. 2250 Point Boulevard Suite 210 Elgin, IL 60123
This brochure supplement provides information about James Richter that supplements the Monotelo Wealth Partners Inc. Firm Brochure. You should have received a copy of that Brochure. Please contact James Richter if you did not receive Monotelo Wealth Partners Inc.’s Brochure or if you have any questions about the contents of this supplement.
Additional information about James Richter is available on the SEC’s website at www.adviserinfo.sec.gov.
Effective Date: November 25, 2025
SUPERVISED PERSONS: James Richter
ITEM 2 EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE
Name: | James Patrick Richter |
|---|---|
Year of Birth: | 1968 |
Education: | B.S. Finance, 1991
University of Illinois – Chicago |
Experience: | Monotelo Wealth Partners Inc. (Formerly Telos Asset Management
Company); Elgin, IL
Investment Adviser Representative
(02/2017 – Present) |
Monotelo Advisors; Elgin, IL
President & CEO
(02/2015 – Present) | |
HD Vest Advisory Services; Elgin, IL
Investment Adviser Representative/Registered Representative
(07/2015 – 02/2017) | |
Performance Trust Investment Advisors; Chicago, IL
Partner
(09/2007 – 01/2015) |
ITEM 3 DISCIPLINARY INFORMATION
Mr. Richter has not been involved in any legal or disciplinary events that would be material to a client’s or prospective client’s evaluation of the integrity of our management.
ITEM 4 OTHER BUSINESS ACTIVITIES
James Richter is the Founder and owner of Monotelo Advisors, an affiliated accounting and tax firm. Any compensation for accounting services is paid directly to Monotelo Advisors and MONOTELO WEALTH PARTNERS INC. does not receive any portion of this compensation. Clients are under no obligation to use the services provided by Monotelo Advisors.
ITEM 5 SUPERVISION
James Richter is the sole principal and Chief Compliance Officer (“CCO”) of our firm and as such has no internal supervision placed over him. He is, however, bound by our firm’s Code of Ethics. Mr. Richter may be contacted at 847-923-9015 or by email at jim@tamcoinvest.com.
ITEM 6 REQUIREMENTS FOR STATE-REGISTERED ADVISERS
James Richter has not been involved or been found liable in any arbitration claims alleging damages in excess of $2,500, in any civil, self-regulatory organization, or administration proceeding, or been subject of any bankruptcy petition.