Stillwater Capital Advisors, LLC is a SEC-registered investment adviser with its principal place of
business located in PA. Stillwater Capital Advisors, LLC began conducting business in 2009. Our
sole owner is Douglas A. Swope, Managing Member - Principal
Stillwater Capital Advisors, LLC offers the following services to our clients:
PORTFOLIO MANAGEMENT SERVICES PROGRAM
Our firm manages individually tailored investment portfolios for clients utilizing individual equities,
bonds, mutual funds and exchange traded funds. Each portfolio is designed to meet a particular
investment goal. We provide continuous advice regarding the investment of client funds based on the
individual needs of the client. Through personal discussions in which goals and objectives based on a
client’s particular circumstances are established, we develop a client’s individual investment plan and
manage a portfolio based on that plan. During our data gathering process, we determine the client’s
individual objectives, time horizons, risk tolerance, and liquidity needs. We may also review and
discuss a client’s prior investment history, as well as family composition and background.
Our Portfolio Management Services are implemented on a discretionary basis as agreed upon with
each client. We will implement transactions without seeking prior client consent. However, clients
may impose reasonable restrictions on investing in certain securities, or industry sectors.
Account supervision is guided by the stated objectives of the client (i.e. aggressive growth,
conservative growth, balanced growth or income) as well as tax considerations.
INVESTMENT ADVISORY SERVICES PROGRAM
Our firm also offers advice regarding the investment of client funds based on their individual needs in
a non-discretionary format. Through personal discussions, goals and objectives are established based
on a client's particular circumstances. We create and advise on a portfolio based on these objectives.
During our data-gathering process, we determine the client’s individual objectives, time horizons,
risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior
investment history, as well as family composition and background.
We will seek prior client consent for every contemplated transaction. Account supervision is guided
by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and
income), as well as tax considerations.
Clients who choose to use our Investment Advisory Services should understand that any delay in
obtaining consent may result in less favorable transaction terms, including higher security price
and/or limited availability of the recommended securities.
Our investment recommendations are not limited to any specific product or service offered by a
broker-dealer or insurance company and will generally include advice regarding securities, mutual
funds, exchange traded funds, corporate bonds, government bonds or municipal bonds.
Because some types of investments involve certain additional degrees of risk, they will only be
implemented/recommended when consistent with the client's stated investment objectives, tolerance
for risk, liquidity and suitability.
PENSION & ENDOWMENT SERVICES
Clients may choose to use any or all of the following Pension & Endowment Services. Fees are
determined by the selected investment program (Portfolio Management Services or Investment
Advisory Services).
• Preparation of Investment Policy Statement (''IPS''):
We will meet with the client (in person or over the telephone) to determine an appropriate investment
strategy that reflects the plan sponsor's stated investment objectives
for management of the overall
plan. Our firm then prepares a written IPS detailing those needs and goals, including an
encompassing policy under which these goals are to be achieved. The IPS also lists the criteria for
selection of investment vehicles as well as the procedures and timing interval for monitoring of
investment performance.
• Selection of Investment Vehicles:
We assist plan sponsors in constructing appropriate asset allocation models. We will then review
mutual funds and exchange-traded funds (both active and passive) to determine which investments
are appropriate to implement the client's IPS. The number of investments to be recommended will
be determined by the client, based on the IPS.
• Monitoring of Investment Performance:
We monitor client investments continually, based on the procedures and timing intervals delineated
in the Investment Policy Statement. We supervise the client's portfolio and will make
recommendations to the client as market factors and the client's needs dictate.
FINANCIAL PLANNING SERVICES
We provide financial planning services. Financial planning is a comprehensive evaluation of a
client’s current and future financial state by using currently known variables to predict future cash
flows, asset values and withdrawal plans. Through the financial planning process, all questions,
information and analysis are considered as they impact and are impacted by the entire financial and
life situation of the client. Clients requesting this service receive a written report which provides the
client with a detailed financial plan designed to assist the client achieve his or her financial goals and
objectives.
In general, the financial plan can address any or all of the following areas:
• PERSONAL: We may review family records, budgeting, estate information and financial goals.
• TAX & CASH FLOW: We may review the client’s income tax, spending and planning for past,
current and future years; then illustrate the impact of various investments on the client's future tax
liability. We work with client’s existing or recommended tax professional.
• INVESTMENTS: We analyze investment alternatives and their effect on the client's portfolio.
• INSURANCE: We may review existing policies to ensure proper coverage for life, disability and
long-term care.
• RETIREMENT: We analyze current strategies and investment plans to help the client achieve his
or her retirement goals.
• ESTATE: We may assist the client in assessing and developing long-term strategies, including as
appropriate, living trusts, wills, review estate tax, powers of attorney and asset protection plans.
We work with client’s existing or recommended attorney.
We gather required information through in-depth personal interviews. Information gathered includes
the client's current financial status, tax status, future goals, returns objectives and attitudes towards
risk. We carefully review documents supplied by the client, including a questionnaire completed by
the client, and prepare a written report. Should the client choose to implement the recommendations
contained in the plan, we suggest the client work closely with his/her attorney and/or accountant.
Implementation of financial plan recommendations is entirely at the client's discretion.
Financial Planning recommendations are not limited to any specific product or service offered by a
broker-dealer or insurance company. All recommendations are of a generic nature.
ASSETS UNDER MANAGEMENT
As of 03/08/24, we were actively managing approximately:
• Portfolio Management Services Program: $916,636,566
• Investment Advisory Services Program: $64,191,098