Overview
- Headquarters
- Dallas, TX
- Total Firm Assets
- $109 million
- Average High-Net-Worth Client Portfolio Size
- $1.2 million
- Minimum Account Size
- $500,000
Fee Structure
Primary Fee Schedule (DOUBLE EAGLE WEALTH MANAGEMENT ADV PART 2A)
| Min | Max | Marginal Fee Rate |
|---|---|---|
| $0 | $250,000 | 1.25% |
| $250,001 | $2,500,000 | 1.00% |
| $2,500,001 | $5,000,000 | 0.80% |
| $5,000,001 | $10,000,000 | 0.65% |
| $10,000,001 | $20,000,000 | 0.50% |
| $20,000,001 | $50,000,000 | 0.35% |
| $50,000,001 | and above | 0.25% |
Minimum Annual Fee: $5,000
Illustrative Fee Rates
| Total Assets | Annual Fees | Average Fee Rate |
|---|---|---|
| $1 million | $10,625 | 1.06% |
| $5 million | $45,625 | 0.91% |
| $10 million | $78,125 | 0.78% |
| $50 million | $233,125 | 0.47% |
| $100 million | $358,125 | 0.36% |
Clients
- High-Net-Worth Share of Firm Assets
- 68.32%
- Number of High-Net-Worth Clients
- 62
- Total Client Accounts
- 359
- Discretionary Accounts
- 359
Services Offered
Services: Financial Planning, Portfolio Management for Individuals, Pension Consulting, Investment Advisor Selection
Regulatory Filings
- SEC CRD Number
- 330398
Primary Brochure: DOUBLE EAGLE WEALTH MANAGEMENT ADV PART 2A (2026-07-09)
View Document Text
Double Eagle Wealth Management, LLC
ITEM 1
Cover Page
Form ADV Part 2A
Firm Brochure
July 9, 2026
This Brochure provides
information about the
qualifications and business
practices of Double Eagle Wealth
Management, LLC. If you have any
questions about the contents of
this Brochure, please contact us at
214-814-4978, or via e-mail at
admin@doubleeaglewealth.com.
The information in this Brochure
has not been approved or verified
by the United States Securities and
Exchange Commission, or by any
state securities authority.
Double Eagle Wealth
Management, LLC is a registered
investment advisory firm.
Registration of an investment
advisory firm does not imply a
particular level of skill or training.
Additional information about
Double Eagle Wealth
Management, LLC is also available
on the SEC’s website at
www.adviserinfo.sec.gov.
Double Eagle Wealth Management, LLC
IARD# 330398
5960 Berkshire Lane, 6th Floor
Dallas, TX 75225
214-814-0282
admin@doubleeaglewealth.com
ITEM 2 Material Changes
The Material Changes section of this brochure will be updated annually or when material changes occur
since the previous release of our Firm Brochure. This Item discusses only specific material changes made
to this Brochure and provides our clients with a summary of such changes.
Material Changes since the Last Update
Since our last amendment dated 05/12/2026, We have updated our services information to disclose that
we may utilize a Turnkey Asset Manager Program (“TAMP”). Please refer to Items 4 and 10 for more
information.
Full Brochure and Additional Information
Full Brochure and additional information about Double Eagle Wealth Management, LLC are available via
the SEC’s website www.adviserinfo.sec.gov. The SEC’s website also provides information about any
persons affiliated with us who are registered or are required to be registered as investment adviser
representatives (“IAR”).
2
ITEM 3
Table of Contents
ITEM 1
Cover Page .................................................................................................................. 1
ITEM 2
Material Changes ......................................................................................................... 2
ITEM 3
Table of Contents ........................................................................................................ 3
ITEM 4
Advisory Business ........................................................................................................ 4
ITEM 5
Fees and Compensation ............................................................................................... 6
ITEM 6
Performance-Based Fees and Side-By-Side Management ............................................... 10
ITEM 7
Types of Clients ......................................................................................................... 10
ITEM 8
Methods of Analysis, Investment Strategies, and Risk of Loss ......................................... 10
ITEM 9
Disciplinary Information ............................................................................................. 14
ITEM 10 Other Financial Activities and Affiliations ...................................................................... 14
ITEM 11
Code of Ethics, Participation in Client Transactions and Personal Trading ......................... 15
ITEM 12
Brokerage Practices ................................................................................................... 16
ITEM 13
Review of Accounts .................................................................................................... 19
ITEM 14
Client Referrals and Other Compensation ..................................................................... 20
ITEM 15
Custody .................................................................................................................... 20
ITEM 16
Investment Discretion ................................................................................................ 20
ITEM 17
Voting Client Securities............................................................................................... 21
ITEM 18
Financial Information ................................................................................................. 21
3
ITEM 4 Advisory Business
FIRM INFORMATION
Double Eagle Wealth Management, LLC (“Double Eagle,” “we,” “us,” “our”), formed in February 2024, is
a registered investment advisory firm located in Dallas, TX. We have been a registered investment advisory
firm since June 2024.
PRINCIPAL OWNERS
Double Eagle is owned and controlled by Ryan Ammon, its Owner, and Chief Compliance Officer.
INVESTMENT ADVISORY SERVICES
Asset Management Services
We provide asset management services in which we manage your custodial accounts and provide you
with continuous and ongoing supervision of your custodial accounts. Our services provide additional
investment opportunities among stocks, bonds, mutual funds, exchange-traded funds (ETFs) including
digital asset ETFs, Variable Annuities, Real Estate Investment Trusts (REITs), options, Pooled investment
vehicles, Alternative Investments, and additional securities.
As part of our asset management services we may select third-party investment managers available on
the Charles Schwab & Co., Inc. (“Schwab”) Marketplace platform. When an SMA is utilized, the client’s
assets are invested according to a model or strategy managed by the selected third-party investment
manager. The Firm assists clients in determining whether an SMA strategy is appropriate based on the
client’s investment objectives, risk tolerance, financial circumstances, and other relevant factors. The
Firm generally has discretionary authority to select the third-party manager and strategy, to allocate
client assets to the SMA, and to monitor the manager’s performance on an ongoing basis. However, the
third-party manager is responsible for day-to-day investment decisions within the SMA, including the
selection and timing of securities transactions.
As part of its advisory services, Double Eagle utilizes the services of an unaffiliated registered
investment adviser, GeoWealth Management LLC (“GeoWealth”), which operates a
technology platform and turnkey asset management platform (“TAMP”). Under this
arrangement, Double Eagle serves as the primary investment adviser to clients and retains
overall responsibility for investment advice, client suitability determinations, and
supervision of the relationship. GeoWealth provides portfolio management support and
operational services, which may include back-office support, trading, report preparation,
and billing.
Financial Planning and Consulting Services
We provide various financial planning and consulting services that find ways to help you understand your
overall financial situation and help you set financial objectives. We accomplish this by helping you review
your financial goals, tax planning strategies, asset allocation, risk management, retirement planning, and
other areas and objectives such as budgeting, education planning, cash flow planning, charitable planning,
lines of credit analysis, insurance analysis, business financial planning, mortgage/debt analysis, and real
estate analysis. Generally, such financial planning and consulting services will involve preparing a financial
4
plan or rendering a financial consultation based on your financial goals and objectives. We will summarize
our services to you in a written plan, which will typically include general recommendations for a course of
action or specific actions to be taken by you. Implementation of the recommendations will be at your
discretion.
Ongoing Financial Planning and Consulting Services
Upon completion of the client’s financial plan or consulting engagement, we will revisit all or some of the
following areas of analysis: financial goals, tax planning strategies, asset allocation, risk management,
retirement planning, and other areas and objectives such as budgeting, education planning, cash flow
planning, charitable planning, lines of credit analysis, insurance analysis, business financial planning,
mortgage/debt analysis, and real estate analysis throughout the course of a year via scheduled meetings,
calls, or follow-up emails to ensure that the initial recommendations in the financial plan or consulting
engagement are implemented or to make adjustments to the Client’s financial plan and/or the Client’s
objectives.
Retirement Plan Consulting Services
We provide advisory services to plan sponsors of employer-sponsored retirement plans for which it has
been specifically engaged, in addition to supporting affiliated companies through other non-advisory
services to retirement plans for corporations and other business entities either as a 3(21) and/or 3(38)
fiduciary. Such advisory services can include selection and/or de-selection and replacement of individual
investment options pursuant to agreed investment criteria.
In choosing and monitoring investment options for employer-sponsored retirement plans, we look for
reliable fund companies with a consistent track record and steady performance. Once a fund company is
identified for possible selection for a particular retirement plan product, we conduct an in-depth review
of the company’s operations, funds, and personnel before determining if the company’s funds as
investment options. Quantitative and qualitative factors, such as regional exposure, fund management,
and asset size/growth, are also evaluated. The fund companies are monitored on a continuous basis at
the firm level. We will assist in the construction of the portfolio by ensuring that all core asset classes are
covered to offer full diversification opportunities. However, the final decision of which funds to select is
up to the plan sponsor and/or consultant.
Selection of Other Advisers
As part of our overall portfolio management strategy, we may recommend a subadviser to manage all or
a portion of an account where the allocation aligns with the client’s needs and investment objectives.
Subadvisers will be granted limited power of attorney and trading authority over the assets allocated to
them for management. They will be authorized, without further client consent, to buy, sell, and trade
securities within the account.
The Firm monitors the performance of accounts managed by subadvisers on an ongoing basis. The Firm
remains responsible for maintaining the direct relationship with the Client and retains the authority to
terminate a subadviser relationship at its discretion.
Tax Services
DEWM provides coordinated tax planning, preparation, and consulting services (collectively referred to
as “tax services”) to investment advisory clients as an integrated part of our investment advisory
5
services. Tax services are provided by CJ Group, an unaffiliated third-party accounting firm. We will be
directly integrated with CJ Group for any clients electing to use the service. The service is designed to
improve the speed of tax preparation and accuracy, directly connect tax planning with clients overall
financial plan, and reduce the administrative burden related to tax preparation and planning. Our role is
to work directly with CJ Group in support of the client on all things tax. Clients are under no obligation to
engage the services of any such recommended professional. It is solely up to our clients as to whether
they accept or reject any recommendation made by the Firm.
TAILORED INVESTMENT ADVISORY SERVICES AND RESTRICTIONS
Double Eagle offers the same suite of services to all our clients; however, specific recommendations and
their implementation are dependent upon the individual client’s current financial situation, such as
income, net worth, and risk tolerance levels.
On a case-by-case basis, our clients can impose restrictions on investing in certain securities or types of
securities in accordance with their values or beliefs. However, if the restrictions prevent us from properly
servicing the client’s account, or if the restrictions would require us to deviate from our standard suite of
services, we reserve the right to end the relationship.
We can request additional information and documentation, such as current investments, tax returns,
insurance policies, and estate plans. We will discuss your investment objectives, needs, and goals, but you
must inform us of any changes. Unless directed by you, we do not independently verify any information
provided to us by you or your attorney, accountant, or other professionals.
WRAP FEE PROGRAMS
Double Eagle does not participate in, recommend, or offer wrap fee programs.
ASSETS UNDER MANAGEMENT
As of May 9, 2026 Double Eagle manages $108,579,555 on a discretionary basis and/or $ 0.00 on a non-
discretionary basis.
ITEM 5
Fees and Compensation
ANNUAL FEES FOR ADVISORY SERVICES
Double Eagle is compensated for providing asset management services by charging a negotiable fee based
on the total assets under management. The fees and billing will be pre-determined in writing in the
Investment Advisory Agreement executed by you and Double Eagle.
The fees charged for financial planning services are negotiable and vary depending on the complexity of
the process undertaken, the types of issues addressed, the scope of services provided, and the frequency
with which the services are rendered. All fees are agreed upon before entering into the Investment
Advisory Agreement you sign.
The fees charged for tax preparation services are negotiable and vary depending on the complexity of the
process undertaken, the types of issues addressed, the scope of services provided, and the frequency with
which the services are rendered. All fees are agreed upon before entering into the Investment Advisory
Agreement you sign.
6
Fees for retirement plan services are negotiated before the signing of the Retirement Plan Advisory 3(21)
or 3(38) Agreement. The agreement language includes the negotiated fee, which can be charged as a
percentage of the total retirement plan assets and/or a flat annual fee.
The below ranges are the standard fee ranges that are typically charged. We can waive the agreed-upon
financial planning fees if you engage our asset management services. For clients with Assets Under
Management below $250,000, our rate is 1.25%. Above that, the below schedule will be in effect.
Asset Management Fee Schedule
$0 - $2,500,000
1.00%
$2,500,001 - $5,000,000
0.80%
$5,000,001 - $10,000,000
0.65%
$10,000,001 - $20,000,000
0.50%
$20,000,001 - $50,000,000
0.35%
$50,000,001 and above
0.25%
Benefit Plans Fee Schedule
$0 - $5,000,000
0.35%
$5,000,001 and above
0.25%
Flat rate
Negotiable
Financial Planning and Consulting Fee Schedule
One Time Project Fixed Fee
$5,000.00 to $25,000
Ongoing Monthly Fee
$ 500.00 to $2,500
Other Assets Fee Schedule
529 Plans
0.35%
Cash Management
0.20%
Donor Advised Funds
0.35%
FEE BILLING & PAYMENT
Our asset management fees are annual fees and are negotiable. Asset management fees are paid monthly
in arrears. Payments are due on the first day of the calendar month and are based on the accounts asset
value as the last due day of the prior calendar month or balance at end of calendar month, depending on
the custodian you use multiplied by the applicable annual rate and divided by twelve (12). The fee for the
prior month is billed and payable within ten (10) days after the end of the prior month. We will deduct
7
our asset management fee only when in receipt of your written authorization by executing an investment
advisory agreement permitting the fees to be paid directly from your account. The qualified custodian will
deliver an account statement to you at least quarterly, which will show all disbursements from your
account. We urge you to review all statements for accuracy. Your account at the custodian can also be
charged for certain additional assets managed for you by us but not held by the custodian (i.e., variable
annuities, mutual funds, 401(k)s, 529 plans).
Financial planning and consulting fees are assessed as a one-time project fee, or as an annual fee payable
either monthly or quarterly. For one-time project fees, the Client agrees to pay one-half of the total fee
upon signing the Financial Planning and Consulting Agreement and the remaining fee upon delivery of the
plan. For ongoing financial planning or consulting services, the Client agrees to pay a one-time initial
planning fee ranging from $5,000 to $25,000, in addition to an annual monthly fee ranging from $500 to
$2,500, paid out monthly payments in arrears. We will not require a fee of $500 or more to be paid six
months or more in advance. Financial planning and consulting fees are paid via check, by direct invoicing
via an electronic payment processor, or deducted from an account directed by the client custodied at
Schwab.
Retirement plan consulting fees will be billed on a monthly basis, in arrears, at the end of each calendar
month, due within thirty (30) days after the date of invoice, unless otherwise agreed to by the parties.
The fee will either be billed directly to the plan sponsor or paid directly from the plan assets if authorized
by the plan fiduciary
You are responsible for all third-party fees (i.e., custodian fees, mutual fund fees, transaction fees, etc.).
These fees are separate and distinct from the fees and expenses charged by Double Eagle.
Clients do not pay an additional or separate fee for GeoWealth’s services.
TERMINATION OF AGREEMENT
Either party can terminate the agreement by providing 30-day advance written notice. Upon termination
of any account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will
be due and payable up to and including the effective date of termination.
Notwithstanding the above, if we do not deliver the appropriate disclosure statement to you at least 48
hours prior to you entering into any written or oral advisory contract with us, then you have the right to
terminate the contract without penalty within five (5) business days after entering into the contract.
OTHER EXPENSES AND FEES
The fees discussed above include payment solely for the investment advisory services provided by us and
are separate from certain fees or charges that are imposed by third parties in connection with investments
made on your behalf for your account. Third-party fees can include markdowns, markups, brokerage
commissions, other transaction costs, and/or custodial fees.
All fees paid to us for asset management services are separate from the expenses charged by exchange-
traded funds and mutual funds to their shareholders. These fees and expenses will be used to pay
management fees for the funds, other fund expenses, account administration, and a possible distribution
fee. Exchanged traded funds and mutual funds can be invested in directly by you without our services.
However, you would not receive our services to assist you in determining which products or services are
8
most suitable for your financial situation and objectives. You should review both the fees we charge and
the fees charged by the fund(s) to understand the total fees to be paid fully.
CJ Group specializes in tax preparation services for individual and business state and/or federal tax returns
for a separate fee. A conflict of interest exists as the CJ Group is compensated for its tax preparation
services, which may create an incentive to recommend tax preparation services. CJ Group discloses this
conflict of interest when such recommendations are made. CJ Group discloses to Clients that they are not
obligated to utilize its tax preparation services and may use tax preparation services unaffiliated with CJ
Group. The client will be required to approve and sign all tax filings with CJ Group. CJ Group will bill Double
Eagle directly for all client tax related work. Clients will have the option to have the tax service billed as
an increased asset management fee or flat fee to accommodate for the tax service. An estimated cost for
each client will be provided to Double Eagle in advance by CJ Group and the additional fee will be disclosed
to the client. Clients will not be charged an additional fee if the actual cost is higher than the estimated
cost.
Selection of Other Advisor Fees
As described above, all fees paid to the Firm for investment advisory services are separate and distinct
from the expenses charged by third-party managers. The fees charged by third-party managers will vary
based on the manager, investment strategy, or platform. The Firm does not receive any portion of the
fees charged by third-party managers. The Firm only receives its investment advisory fee as noted
above. The Independent Manager fee can range from 0.40% - 1.450% of the assets under management
depending on the Independent Manager and investment strategy used. The Independent Manager fee
will be disclosed to the client.
Please refer to Item 12 of this brochure for a more detailed explanation of brokerage practices.
9
OTHER COMPENSATION
Neither Double Eagle nor its management persons receive other compensation for advisory services.
ITEM 6
Performance-Based Fees and Side-By-Side Management
We do not charge any performance-based fees, which are fees based on a share of capital gains on or
capital appreciation of your assets.
ITEM 7
Types of Clients
We provide our investment advisory services to:
- Individuals
- High Net Worth Individuals
- Non-profit organizations
- Corporations
- Other business entities
Our minimum account size requirements for opening an account with us are $500,000 AUM, or $5,000
annual fee. These requirements are subject to firm discretion.
ITEM 8 Methods of Analysis, Investment Strategies, and Risk of
Loss
METHODS OF ANALYSIS
We use various methods of analysis and investment strategies, including the following:
Fundamental Analysis – We evaluate economic and financial factors to determine if a security can be
underpriced, overpriced, or fairly priced. This method entails assessing a security by attempting to
determine its intrinsic value by examining related financial, economic, and other qualitative and
quantitative factors. Fundamental analysis requires an in-depth look at all factors that can affect the
security's value, from macroeconomic factors (like the overall economy and industry conditions) to
individually specific factors (like the financial situation and management of companies). The overall
objective of performing the fundamental analysis is to determine a value that an investor can use to
determine what sort of position to take with that security. This method of security analysis is contrary to
technical analysis. Fundamental analysis involves using real data to evaluate a security's value. Although
most analysts use fundamental analysis to value stocks, this method of valuation can be used for just
about any type of security.
Fundamental analysis does not attempt to anticipate market movements. This presents a potential risk,
as the price of a security can move up or down along with the overall market regardless of the economic
and financial factors considered in evaluating the stock. Therefore, unforeseen market conditions and/or
company developments can result in significant price fluctuations that can lead to investor losses.
10
Modern Portfolio Theory - Modern portfolio theory (MPT) is a risk-averse theory that involves the
construction of portfolios to maximize and optimize expected return based on a given level of market risk,
emphasizing that risk is an inherent part of higher reward. According to the theory, it's possible to
construct an "efficient frontier" of optimal portfolios offering the maximum possible expected return for
a given level of risk.
MPT tries to understand the market as a whole and measure market risk in an attempt to reduce the
inherent risks of investing in the market. However, with every financial investment strategy, there is a risk
of a loss of principal. Not every investment decision will be profitable, and there can be no guarantee of
any level of performance.
INVESTMENT STRATEGIES
When formulating investment advice or managing client assets, we will use the following investment
strategies. There are inherent risks associated with each of these strategies.
Long-Term Strategy - is designed to capture market rates of both return and risk. Due to its nature, the
long-term investment strategy can expose clients to various types of risk that will typically surface at
various intervals during the time the client owns the investments. These risks include but are not limited
to inflation (purchasing power) risk, interest rate risk, economic risk, market risk, and political/regulatory
risk.
Your accounts are managed separately with your underlying investment strategies, restrictions, or
investment limitations defined within the investment management agreement.
POTENTIAL RISKS
Investing involves different levels of risk that can result in loss of any profits and/or principal you have not
realized. We manage your account in a manner consistent with your pre-determined risk tolerance and
suitability profile. However, we cannot guarantee that our efforts will be successful. Investing in securities
involves the risk of loss that clients should be prepared to bear.
Investing involves the assumption of risk, including:
Financial Risk: which is the risk that the companies we recommend to you perform poorly, which affects
the price of your investment.
Market Risk: which is the risk that the stock market will decline, decreasing the value of the securities we
recommend to you with it.
Inflation Risk: which is the risk that the rate of price increases in the economy deteriorates the returns
associated with the stock.
Political and Governmental Risk: which is the risk that the value of your investment will is affected by the
introduction of new laws or regulations.
Interest Rate Risk: which is the risk that the value of the investments we recommend to you will fall if
interest rates rise.
Call Risk: which is the risk that your investment will be called or purchased back from you when conditions
are favorable to the bond issuer and unfavorable to you.
11
Default Risk: which is the risk that issuer is unable to pay the contractual interest or principal on the
investment promptly or at all.
Manager Risk: which is the risk that an actively managed mutual fund’s investment adviser will fail to
execute the fund’s stated investment strategy.
Industry Risk: which is the risk that a group of stocks in a single industry will decline in price due to adverse
developments in that industry, decreasing the value of mutual funds that are significantly invested in that
industry.
Stocks: Equity investment generally refers to buying shares of stocks in return for receiving a future
payment of dividends and/or capital gains if the value of the stock increases. The value of equity securities
may fluctuate in response to specific situations for each company, industry conditions and the general
economic environments.
Bonds: Fixed income investments generally pay a return on a fixed schedule, though the amount of the
payments can vary. This type of investment can include corporate and government debt securities,
leveraged loans, high yield, and investment grade debt and structured products, such as mortgage and
other asset-backed securities, although individual bonds may be the best known type of fixed income
security. In general, the fixed income market is volatile and fixed income securities carry interest rate risk.
(As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for
longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit
and default risks for both issuers and counterparties. The risk of default on treasury inflation
protected/inflation linked bonds is dependent upon the U.S. Treasury defaulting (extremely unlikely);
however, they carry a potential risk of losing share price value, albeit rather minimal. Risks of investing in
foreign fixed income securities also include the general risk of non-U.S. investing described below.
Mutual Funds: Investing in mutual funds carries the risk of capital loss and thus you may lose money
investing in mutual funds. All mutual funds have costs that lower investment returns. The funds can be of
bond “fixed income” nature (lower risk) or stock “equity” nature.
Exchange Traded Funds (ETFs): An ETF is an investment fund traded on stock exchanges, similar to stocks.
Investing in ETFs carries the risk of capital loss (sometimes up to a 100% loss in the case of a stock holding
bankruptcy). Areas of concern include the lack of transparency in products and increasing complexity,
conflicts of interest and the possibility of inadequate regulatory compliance. Precious Metal ETFs (e.g.,
Gold, Silver, or Palladium Bullion backed “electronic shares” not physical metal) specifically may be
negatively impacted by several unique factors, among them (1) large sales by the official sector which own
a significant portion of aggregate world holdings in gold and other precious metals, (2) a significant
increase in hedging activities by producers of gold or other precious metals, (3) a significant change in the
attitude of speculators and investors.
Variable Annuities: Annuities are a retirement product for those who may have the ability to pay a
premium now and want to guarantee they receive certain monthly payments or a return on investment
later in the future. Annuities are contracts issued by a life insurance company designed to meet
requirement or other long-term goals. An annuity is not a life insurance policy. Variable annuities are
designed to be long-term investments, to meet retirement and other long-range goals. Variable annuities
are not suitable for meeting short-term goals because substantial taxes and insurance company charges
12
may apply if you withdraw your money early. Variable annuities also involve investment risks, just as
mutual funds do.
Real estate funds (including REITs): face several kinds of risk that are inherent in the real estate sector,
which historically has experienced significant fluctuations and cycles in performance. Revenues and cash
flows may be adversely affected by: changes in local real estate market conditions due to changes in
national or local economic conditions or changes in local property market characteristics; competition
from other properties offering the same or similar services; changes in interest rates and in the state of
the debt and equity credit markets; the ongoing need for capital improvements; changes in real estate tax
rates and other operating expenses; adverse changes in governmental rules and fiscal policies; adverse
changes in zoning laws; the impact of present or future environmental legislation and compliance with
environmental laws.
Options: contracts to purchase a security at a given price, risking that an option may expire out of the
money resulting in minimal or no value. An uncovered option is a type of options contract that is not
backed by an offsetting position that would help mitigate risk. The risk for a “naked” or uncovered put is
not unlimited, whereas the potential loss for an uncovered call option is limitless. Spread option positions
entail buying and selling multiple options on the same underlying security, but with different strike prices
or expiration dates, which helps limit the risk of other option trading strategies. Option transactions also
involve risks including but not limited to economic risk, market risk, sector risk, idiosyncratic risk,
political/regulatory risk, inflation (purchasing power) risk and interest rate risk.
Pooled Investment Vehicles: A pooled investment vehicle is an entity—often referred to as a fund—that
an adviser creates to pool money from multiple investors. Each investor makes an investment in the fund
by purchasing an interest in the fund entity, and the adviser uses that money to make investments on
behalf of the fund. Investors generally share in the profits and losses in proportion to their interest in the
fund. Funds can vary significantly in terms of size, holding periods, and types of underlying investments.
A few common types of funds include: mutual funds, exchange-traded funds, hedge funds, private equity
funds and venture capital funds. Pooled investments include volatility and liquidity risk. Some types of
pooled investments are more liquid than others
Alternative Investments Risk: which is the risk associated with investing in alternative investments that
are speculative, not suitable for all clients, and are intended for experienced and sophisticated investors
who are willing to bear the high economic risks of the investment. Investing in alternative investments
includes the following economic risks:
•
•
loss of all or a substantial portion of the investment due to leveraging, short-selling, or other
speculative investment practices
lack of liquidity in that there is a lack of a secondary market for the investment, and none
expected to develop;
the volatility of returns;
restrictions on transferring interests in the investment;
•
•
• potential lack of diversification and resulting in higher risk due to concentration of trading
• authority when a single adviser is utilized;
• absence of information regarding valuations and pricing;
• delays in tax reporting;
•
•
less regulation and higher fees than mutual funds; and
risks associated with the operations, personnel, and process of the manager funds investing
13
in alternative investments.
Digital Assets: We may invest in digital assets on behalf of clients, which we currently access by
investing in ETFs. Some of the known risks associated with investments in cryptocurrencies and digital
assets include: (1) cryptocurrencies that operate as a medium of exchange are not issued or
guaranteed by any central bank or a national, supra-national or quasinational organization, and there is
no guarantee that such cryptocurrencies may operate as a legal medium of exchange in any
jurisdiction, (2) markets that are not subject to rules and regulations typical of national securities
exchanges and futures exchanges, (3) the growth of this industry and widespread adoption of
cryptocurrencies is subject to a high degree of uncertainty, (4) to the extent a fund manager’s private
keys relating to cryptocurrencies or digital assets are lost, destroyed or otherwise compromised, it is
not possible to access or control such assets and they will be lost, (5) the third-party providers of digital
wallets that hold cryptocurrencies and digital assets may be prone to security vulnerabilities and risks
arising out of hacking, loss of passwords, compromised access credentials, malware, or cyber-attacks,
(6) future regulatory changes, or even the perception of regulatory changes, may limit the ability to
buy and sell, and (7) digital assets are highly volatile and can become illiquid at any time.
ITEM 9 Disciplinary Information
As of the date of this brochure, we have not been subject to any disciplinary, legal, or regulatory events
related to past or present investment clients. There has been no disciplinary, legal, or regulatory events
related to us or any of our management persons.
ITEM 10 Other Financial Activities and Affiliations
FINANCIAL INDUSTRY ACTIVITIES
Neither Double Eagle nor its management persons are registered or has an application pending to register
as a broker-dealer or a registered representative of a broker-dealer.
Neither Double Eagle nor its management persons are registered or has an application pending to register
as a futures commission merchant, commodity pool operator, or commodity trading advisor.
implement
AFFILIATIONS
Certain associates of the firm are also insurance agents licensed to sell insurance products. A conflict of
interest exists in that these services pay a commission which conflicts with the IAR’s fiduciary duties.
Double Eagle does not require its IARs to encourage clients to implement investment advice through our
insurance product recommendations. Clients have the right to
insurance product
recommendations through the insurance agency and agent of their choice. We require that all IARs
disclose this conflict of interest when such recommendations are made. We also require IARs to disclose
that the client has the right to purchase recommended products from individuals not affiliated with us.
14
SELECTION OF OTHER INVESTMENT ADVISERS
As noted in Item 4, the Firm may implement all or a portion of a client’s investment portfolio with one or
more Independent Managers based on each client's individual situation. Prior to introducing any client to
another investment advisor, the Firm will be responsible for determining that the firm is properly licensed
and registered Double Eagle does not receive, directly or indirectly, compensation from investment
advisors that it recommends or selects for its clients.
RECOMMENDATIONS OR SELECTIONS OF OTHER INVESTMENT ADVISORS AND CONFLICTS OF
INTEREST
As discussed in Item 4 above, Double Eagle utilizes the technology platform and turnkey
asset management services of Geowealth. Geowealth has a strategic partnership with
BlackRock. Because Double Eagle maintains a certain level of assets under management
invested in products sponsored by BlackRock, GeoWealth does not currently charge the
Firm a separate fee for its platform or sub-advisory services. This creates a potential
conflict of interest to the extent that Double Eagle may have an economic incentive to
recommend or maintain investments in BlackRock-sponsored products, and an
incentive to retain GeoWealth rather than select an alternative service provider that
charges a fee. Double Eagle is a fiduciary and is committed to acting at all times in the best
interests of its clients, including when it selects platforms and subadvisors.
ITEM 11 Code of Ethics, Participation in Client Transactions and
Personal Trading
CODE OF ETHICS
Double Eagle has developed a code of ethics that will apply to all of our supervised persons. We and our
IARs must act in a fiduciary capacity when providing investment advisory services to you. As a fiduciary, it
is an investment adviser’s responsibility to provide fair and full disclosure of all material facts and to act
solely in the best interest of each of our clients at all times. Double Eagle has a fiduciary duty to all clients.
This fiduciary duty is considered the core underlying principle of our code of ethics, which also covers our
insider trading and personal securities transactions policies and procedures. We require all of our
supervised persons to conduct business with the highest level of ethical standards and to comply with all
federal and state securities laws at all times. Upon employment or affiliation and at least annually
thereafter, all supervised persons will acknowledge that they have read, understand, and agree to comply
with our Code of Ethics.
Our Code of Ethics is available to clients and prospective clients upon request.
RECOMMENDATIONS INVOLVING A MATERIAL FINANCIAL INTEREST
Neither we nor any related person recommend to clients or buys or sells for clients’ accounts securities in
which we or a related person has a material financial interest.
15
PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS
There are instances where an IAR will recommend to investment advisory clients or prospective clients
the purchase or sale of securities in which an IAR, its affiliates, or other clients can also have a position or
interest. Certain affiliated accounts can trade in the same securities with client accounts on an aggregated
basis. Generally, in such circumstances, the affiliated and client accounts will share execution costs
equally. Completed trade orders will be allocated according to the instructions from the initial trade order.
Partially filled trade orders will be allocated on a pro-rata basis. Any exceptions will be explained in the
trade order.
PERSONAL TRADING
Employees are permitted to have personal securities accounts as long as personal investing practices are
in line with fiduciary standards and regulatory requirements and do not conflict with their duty to Double
Eagle and our clients. We forbid any officer or employee, either personally or on behalf of others, to trade
on material, nonpublic information or to communicate such information to others in violation of the law.
ITEM 12 Brokerage Practices
Double Eagle currently has arrangements with Charles Schwab & Co., (“Schwab”). Schwab is the
unaffiliated, qualified custodian whereby Double Eagle would suggest you custody your accounts. Schwab
is an independent SEC-registered broker-dealer and a member of FINRA and SIPC.
Double Eagle does not maintain custody of your assets that we manage, although we are deemed to have
custody of your assets if you give us authority to withdraw assets from your account (see Item 15—
Custody, below). Your assets must be maintained in an account at a “qualified custodian,” generally a
broker-dealer or bank. We recommend that our clients use Charles Schwab & Co., Inc. (“Schwab”), a
registered broker-dealer and member of SIPC, as the qualified custodian.
We are independently owned and operated and are not affiliated with Schwab. Schwab will hold your
assets in a brokerage account and buy and sell securities when we instruct them. While we recommend
that you use Schwab as a custodian/ broker, you will decide whether to do so and will open your account
with Schwab by entering into an account agreement directly with them. Conflicts of interest associated
with this arrangement are described below as well as in Item 14 (Client referrals and other compensation).
You should consider these conflicts of interest when selecting your custodian.
We do not open the account for you, although we can assist you in doing so. Not all advisors require
their clients to use a particular broker-dealer or other custodian selected by the advisor. Even though
your account is maintained at Schwab, and we anticipate that most trades will be executed through
Schwab, we can still use other brokers to execute trades for your account as described below (see “Your
brokerage and custody costs”).
We recommend Schwab, a custodian/ broker, to hold your assets and execute transactions. When
considering whether the terms that Schwab provides are, overall, most advantageous to you when
compared with other available providers and their services, we take into account a wide range of factors,
including:
• Combination of transaction execution services and asset custody services (generally without a
separate fee for custody
16
• Capability to execute, clear, and settle trades (buy and sell securities for your account
• Capability to facilitate transfers and payments to and from accounts (wire transfers, check
requests, bill payments, etc.
• Breadth of available investment products (stocks, bonds, mutual funds, exchange-traded funds
(ETFs), etc.)
• Availability of investment research and tools that assist us in making investment decisions
• Quality of services
• Competitiveness of the price of those services (commission rates, margin interest rates, other
fees, etc.) and willingness to negotiate the prices
• Reputation, financial strength, security, and stability
• Prior service to us and our clients
• Services delivered or paid for by Schwab
• Availability of other products and services that benefit us, as discussed below (see “Products and
services available to us from Schwab”)
Your brokerage and custody costs
For our clients’ accounts that Schwab maintains, Schwab generally does not charge you separately for
custody services but is compensated by charging you commissions or other fees on trades that it executes
or that settle into your Schwab account. Certain trades (for example, mutual funds and ETFs) do not incur
Schwab commissions or transaction fees. Schwab is also compensated by earning interest on the
uninvested cash in your account in Schwab’s Cash Features Program. For some accounts, Schwab charges
you a percentage of the dollar amount of assets in the account in lieu of commissions. In addition to asset-
based fees, Schwab charges you a flat dollar amount as a “prime broker” or “trade away” fee for each
trade that we have executed by a different broker-dealer but where the securities bought or the funds
from the securities sold are deposited (settled) into your Schwab account. These fees are in addition to
the commissions or other compensation you pay the executing broker-dealer. Because of this, in order to
minimize your trading costs, we have Schwab execute most trades for your account.
We are not required to select the broker or dealer that charges the lowest transaction cost, even if that
broker provides execution quality comparable to other brokers or dealers. Although we are not required
to execute all trades through Schwab, we have determined that having Schwab execute most trades is
consistent with our duty to seek the “best execution” of your trades. Best execution means the most
favorable terms for a transaction based on all relevant factors, including those listed above (see “How
we select brokers/custodians”). By using another broker or dealer, you can pay lower transaction costs.
RESEARCH AND OTHER BENEFITS
Products & Services Available to Us from Schwab
Schwab Advisor Services (formerly called Schwab Institutional) is Schwab’s business serving independent
investment advisory firms like ours. They provide us and our clients with access to its institutional
brokerage – trading, custody, reporting, and related services – many of which are not typically available
to Schwab retail customers. Schwab also makes available various support services. Some of those services
help us manage or administer our clients’ accounts, while others help us manage and grow our business.
Schwab’s support services are generally available on an unsolicited basis and at no charge to us as long as
we maintain a minimum level of our clients’ assets in accounts at Schwab.
17
Services that Benefit Client
Schwab’s institutional brokerage services include access to a broad range of investment products,
execution of securities transactions, and custody of client assets. The investment products available
through Schwab include some to which we might not otherwise have access, or that would require a
significantly higher minimum initial investment by our clients. Schwab’s services described in this
paragraph generally benefit clients or their account(s).
Services that May Not Directly Benefit Clients
Schwab also makes available to us other products and services that benefit us but cannot directly benefit
the client or their account(s). These products and services assist us in managing and administering our
clients’ accounts. They include investment research, both Schwab’s own and that of third parties. We can
use this research to service all or some substantial number of our clients’ accounts, including accounts
not maintained at Schwab. In addition to investment research, Schwab also makes available software and
other technology that:
• provides access to client account data (such as duplicate trade confirmations and account
statements);
•
facilitates trade execution and allocates aggregated trade orders for multiple client accounts;
• provides pricing and other market data;
•
facilitates payment of our fees from our clients’ accounts; and
•
assists with back-office functions, recordkeeping, and client reporting.
Schwab also offers other services intended to help us manage and further develop our business
enterprise. These services include:
• educational conferences and events
•
technology, compliance, legal, and business consulting;
• publications and conferences on practice management and business succession; and
•
access to employee benefits providers, human capital consultants, and insurance providers.
Schwab can provide some of these services itself. In other cases, it will arrange for third-party vendors to
provide the services to us. Schwab can also discount or waive its fees for some of these services or pay all
or a part of a third party’s fees.
Irrespective of direct or indirect benefits to our client through Schwab, we strive to enhance the client’s
experience, help reach their goals and put their interests before that of our firm or its associated
persons.
BROKERAGE FOR CLIENT REFERRALS
We do not receive client referrals from broker-dealers.
18
DIRECTED BROKERAGE
We do not recommend, request, require, or permit clients to direct us to execute transactions through a
specific broker-dealer other than those we recommend.
TRADE AGGREGATION
We attempt to allocate trade executions in the most equitable manner possible, taking into consideration
current asset allocation and availability of funds using price averaging, proration, and consistently non-
arbitrary methods of allocation. We can aggregate orders in order to obtain best execution, to negotiate
more favorable commission rates, or to allocate equitably among our clients’ differences in prices and
commission or other transaction costs. In aggregated orders, transactions will be price-averaged and
allocated among our clients in proportion to the purchase and sale orders placed for each client account
on any given day.
ITEM 13 Review of Accounts
PERIODIC REVIEWS
We review asset management and retirement plan accounts no less than monthly. These accounts will be
reviewed by the CCO. Accounts are reviewed to evaluate asset allocation, investment strategy and
objectives, cash balance, and performance, as well as the general economic outlook and current
investment trends.
Financial plans created utilizing our ongoing financial planning services will be reviewed monthly. Project-
based financial planning clients are provided a one-time plan or consulting session and receive no
additional reviews unless a new financial planning and consulting agreement is executed.
REVIEW TRIGGERS
We conduct periodic reviews to evaluate the current market, economic and political events and how these
can affect client accounts. Additional reviews can be triggered by these events or by events in the client’s
financial or personal status.
REGULAR REPORTS
Asset management clients will receive advisory account reports no less than quarterly. These reports show
asset value by cash balances, security, unit cost, total cost, current per share values, etc. Clients are urged
to review the quarterly reports provided by us with those provided by their custodians and notify us of
any differences. Clients are encouraged to phone or e-mail us as often as they deem necessary to receive
information regarding the investment tactics and strategies being followed.
Financial plans created utilizing our ongoing financial planning services will receive status updates and/or
reports during plan reviews. We can make adjustments to the Client’s financial plan and/or the Client’s
objectives.
Project-based financial planning and consulting clients are provided a one-time written financial plan
concerning their financial situation. After the presentation of the plan, there are no further reports.
19
Retirement plan clients can create and/or review the plan’s Investment Policy Statement (“IPS”). The plan
client can also receive quarterly written reports evaluating the performance of the plan’s investments as
well as comparing the performance thereof to benchmarks set forth in the IPS or as otherwise determined
in our judgment. The information used to generate the reports will be derived from statements provided
by the plan fiduciary or third party. This review will include a quantitative and qualitative analysis of
investment selections included within the plan and provide third-party commentary on investment
options whenever available.
ITEM 14 Client Referrals and Other Compensation
We receive an economic benefit from Schwab in the form of the support products and services it makes
available to us and other independent investment advisors whose clients maintain their accounts at
Schwab. In addition, Schwab has also agreed to pay for certain products and services for which we would
otherwise have to pay once the value of our clients’ assets in accounts at Schwab reaches a certain size.
[In some cases, a recipient of such payments is an affiliate of ours or another party which has some
pecuniary, financial, or other interests in us (or in which we have such an interest). You do not pay more
for assets maintained at Schwab as a result of these arrangements. However, we benefit from the
arrangement because the cost of these services would otherwise be borne directly by us. You should
consider these conflicts of interest when selecting a custodian. The products and services provided by
Schwab, how they benefit us, and the related conflicts of interest are described above (see Item 12 –
Brokerage Practices).
We do not pay a referral fee to third-party solicitors.
ITEM 15 Custody
Under government regulations, we are deemed to have custody of your assets if, for example, you
authorize us to instruct Schwab to deduct our advisory fees directly from your account, or if you grant us
authority to move your money to another person’s account. Schwab maintains actual custody of your
assets. You will receive account statements directly from Schwab at least quarterly. They will be sent to
the email or postal mailing address you provided to Schwab. You should carefully review those statements
promptly when you receive them. We also urge you to compare Schwab’s account statements with the
periodic account statements and/or portfolio reports you will receive from us.
ITEM 16
Investment Discretion
DISCRETIONARY AUTHORITY FOR TRADING
If you are participating in our asset management services, upon receiving your written authorization via
our executed investment advisory agreement, we will maintain trading authorization over your
designated account and can also implement trades on a discretionary basis.
When discretionary authority is granted, we will have the limited authority to determine the type of
securities to be purchased, sold, or exchanged and a number of securities that can be bought, sold, or
exchanged for your portfolio without obtaining your consent for each transaction.
If you do not grant this limited investment discretion, your IAR will be required to contact you and get
affirmation regarding our investment recommendations, such as the security being recommended, the
20
number of shares, and whether the security should be bought or sold before implementing changes in
your account.
Once the above factors are agreed upon, we will be responsible for making decisions regarding the timing
of buying or selling an investment and the price at which the investment is bought or sold. If your accounts
are managed on a non-discretionary basis, it is critical that you respond promptly. If we do not receive a
response to our request immediately, the timing of trade implementation can lead to an adverse impact
where we cannot achieve the optimal trading price.
On a case-by-case basis, you can place reasonable restrictions on the types of investments that can be
purchased or sold in your account so long as the restrictions are explicitly set forth or included as an
attachment to the investment advisory agreement.
ITEM 17 Voting Client Securities
We do not have the authority to vote proxies as it pertains to the issuers of securities held in your account.
The responsibility for voting your securities places increased liability to us and does not add enough value
to the services provided to you to justify the additional compliance and regulatory costs associated with
voting your securities.
Therefore, you are responsible for voting all proxies for securities held in accounts managed by us.
Typically, our qualified custodian will forward you your proxy information. Although we do not vote your
proxies, you can contact us if you have a question about a particular proxy.
ITEM 18 Financial Information
We will not require a fee of $1,200 or more to be paid six months or more in advance. We are not required
to include a balance sheet for our most recent fiscal year. We are not subject to a financial condition that
is reasonably likely to impair our ability to meet contractual commitments to our clients.
We are currently not in, nor have we been historically, in a financially precarious situation or the subject
of a bankruptcy petition.
21