Disclosures

Effective as of May 7, 2026

The information on this page summarizes Petrarch Wealth Management’s compensation structure, conflicts of interest, and other material disclosures. It is a public-facing summary; the comprehensive disclosures live in our Form ADV Part 2A Brochure, which we provide before any client engagement begins. We encourage prospective clients to read both.

Compensation structure

Petrarch Wealth Management is compensated solely through fees paid by clients for advisory services. Specifically:

  • Investment advisory services are billed as a percentage of assets under management, using a flat breakpoint schedule disclosed in our Form ADV Part 2A. Petrarch LLC does not receive commissions on investment advisory recommendations.
  • Financial planning services are billed at a flat monthly rate, disclosed in our Form ADV Part 2A.
  • No commissions, soft-dollar arrangements, or third-party payments on investment advisory work. Your assets are held at Charles Schwab as custodian; Petrarch does not custody client assets and receives no compensation from Schwab in exchange for client referrals.

Lower fees for comparable services may be available from other investment advisers.

Material conflicts of interest

The Securities and Exchange Commission and California regulators require investment advisers to disclose material conflicts of interest. Petrarch’s material conflicts are:

California financial-planner conflict-of-interest disclosure (CCR §260.235.2)

A conflict exists between Petrarch and its clients when Petrarch recommends products or services that may result in compensation to Petrarch or its affiliated entities, including Petrarch Insurance Services, LLC. This conflict is mitigated by disclosures, procedures, and Petrarch’s fiduciary obligation. Petrarch is in compliance with CCR Section 260.235.2. The Client is under no obligation to act upon the investment advisor’s recommendations. If the Client elects to act on any of the recommendations, the Client is under no obligation to effect the transaction through Petrarch or its representatives.

This statement is also included in our Investment Advisory Agreement, our Comprehensive Financial Planning Agreement, and our Form ADV Part 2A Brochure, as required by California Code of Regulations Title 10 §260.235.2.

Insurance affiliate

Insurance products (including life insurance, disability insurance, and annuities) are offered through Petrarch Insurance Services, LLC, a separate but affiliated entity. Petrarch Insurance Services, LLC may earn commissions from insurance carriers when a client purchases an insurance product through that entity.

This creates a potential conflict: when an insurance product is part of a client’s financial plan, the affiliated entity’s compensation depends on the product being purchased. We mitigate this conflict by:

  • Disclosing the affiliate relationship and commission structure in writing before any insurance product recommendation
  • Ensuring insurance recommendations flow from the financial plan’s risk-management analysis, not from product-driven sales pressure
  • Not requiring clients to use Petrarch Insurance Services, LLC — clients are free to source insurance products elsewhere
  • Documenting the analysis behind any insurance recommendation in the client’s plan record

Clients are not required to purchase insurance products through Petrarch Insurance Services, LLC, and may obtain similar coverage from other licensed insurance professionals.

Limited service scope

Petrarch is a state-registered investment adviser registered in Minnesota, Illinois, and California. We do not provide tax preparation, legal advice, or accounting services — when these specialties are needed, we coordinate with the client’s tax professional or attorney rather than providing those services ourselves. This avoids a conflict of interest that would arise if we attempted to bill for services outside our scope of expertise.

Sole-advisor structure

Petrarch is currently led by a single principal advisor, Thomas Tran, CFP®. This concentrates client relationships and decision-making in one person. Clients should be aware that:

  • Service continuity in the event of the principal’s incapacity or absence may be temporarily affected; Petrarch maintains a continuity-planning protocol to address this
  • Recommendations reflect the principal’s professional judgment; clients are encouraged to request second opinions from independent advisers when material recommendations are made

Custody and asset safekeeping

Client assets are held at Charles Schwab, an independent qualified custodian. Petrarch Wealth Management:

  • Does not have physical custody of client funds or securities
  • Does not have authorization to withdraw client funds for purposes other than authorized advisory fees
  • Receives no compensation from Charles Schwab for the client referral relationship
  • Provides all transaction reporting through Schwab’s account-statement infrastructure

Custody arrangements are governed by SEC Rule 206(4)-2 and the corresponding California regulations.

Registration status

Petrarch Wealth Management is a d/b/a of Petrarch LLC, a state-registered investment adviser registered in:

  • Minnesota
  • Illinois
  • California

We are not registered with the U.S. Securities and Exchange Commission (SEC) and do not advertise services in states where Petrarch LLC is not registered. Out-of-state inquiries are handled on a case-by-case basis under the de minimis exemption rules of each state.

Registration does not imply a certain level of skill or training.

Comprehensive disclosures (Form ADV Part 2A)

Our complete adviser disclosures are documented in our Form ADV Part 2A Brochure, filed with the Investment Adviser Registration Depository (IARD) and made available to clients before any engagement begins. The brochure covers:

  • Detailed fee schedules and billing methods
  • Specific advisory services and methodologies
  • Disciplinary disclosures (none currently)
  • Code of Ethics and personal trading policies
  • Brokerage and custody arrangements in full detail
  • Review of accounts and ongoing client communication
  • Educational background and business experience of supervised persons
  • Other material disclosures required under CCR §260.235.2

Download Form ADV Part 2A Brochure (PDF) →

The current Form ADV Part 2A is also available directly from the SEC’s Investment Adviser Public Disclosure (IAPD) database at adviserinfo.sec.gov/firm/summary/319001. The IAPD record reflects Petrarch LLC’s most recently filed amendment and is the authoritative regulatory source.

The brochure is our primary disclosure document. The summary above does not replace it.

Privacy and data handling

Petrarch’s data-handling practices are governed by the Privacy Policy, the Privacy Notice, and California’s CCPA framework. CCPA-eligible requests can be submitted via the CCPA Form.

Updates to this page

This disclosures page is reviewed at least annually and updated whenever a material change occurs in firm operations, fee structure, or affiliate relationships. The Form ADV Part 2A Brochure is amended as required by IARD filing rules; this page is updated to reflect material changes from those amendments within 30 days of filing.

Last reviewed: May 7, 2026
Last material update: May 7, 2026 — Initial publication

Questions

For questions about Petrarch’s services, fees, or disclosures: contact us at service@petrarchwealth.com or (612) 888-0414.

For compliance-specific inquiries: compliance@petrarchwealth.com.