Wolfrum, a limited liability company, formed in Indiana in 2017 by Scott Wolfrum, who is the Founder and Managing Partner. Scott Wolfrum (“Scott”), brings over 25 years of experience in the financial services industry, most recently as owner and operator of Wolfrum Capital Management Group, previously holding its licenses through Huntleigh. For more information on Scott, refer to Form ADV Part 2B, which is attached to this Brochure.

Wolfrum provides personalized investment advice, including alternative investments and private placements, asset allocation and selection, risk tolerance analysis, investment implementation services and insurance advice. These services are provided primarily to high net worth individuals.

Wolfrum’s investment advisory services are delivered primarily through advice and consultation in the selection of appropriate portfolio strategies and the selection of portfolio managers to achieve the goals established by its clients. To arrive at an appropriate portfolio strategy, Wolfrum will assist clients in determining financial goals, risk tolerance, tax considerations, and with developing an overall investment philosophy to help achieve those goals. In addition, Wolfrum furnishes clients with reports regarding performance of their portfolios.

The investment vehicles primarily consist of mutual funds of exchange listed securities, but may also include: securities traded over the counter, foreign issuer securities, private placements, warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, U.S. government securities, option contracts on securities, and variable annuities. In addition, Wolfrum may select other investment vehicles not mentioned above if it believes those investments will meet the investment objectives of its clients, including real estate, oil and gas interests, partnerships, valuable collectibles, art, antiques, coins, minerals, privately owned businesses, hedge funds or other alternative investments. Wolfrum is occasionally asked to monitor securities, which clients own but have no desire or intention to sell, but those securities must be considered in determining an appropriate overall financial plan.

In order to properly advise Wolfrum’s clients and as part of the investment planning and goal developing services, it is sometimes necessary to review, value and provide advice concerning non-securities investments. Such investments may include, but are not limited to, businesses, family LLCs, real estate, both personal residences and investment real estate, insurance, traditional savings accounts, alternative financing methods and vehicles and other non-traditional investments. Wolfrum advisory services are tailored to its clients’ risk tolerance and other personal considerations. Wolfrum offers the same services to all of its clients, however, specific client investment strategies and their implementation are dependent upon the client’s personal situation. Wolfrum does not provide legal advice, nor does it provide specific tax-related services. Wolfrum recommends working with clients’ legal counsel and accountants for a well- orchestrated approach to professional portfolio management. Clients should consult with their other professional advisors. Wolfrum utilizes Huntleigh as custodian and broker-dealer, with clearing services through First Clearing, which charges certain transaction fees. Advisors of Wolfrum may also hold insurance and annuity licenses. Other custodians and broker-dealers may, on occasion, be utilized in servicing Wolfrum clients. please register to get more info

The compensation to Wolfrum for its services rendered is based upon a percentage of assets under management and will be billed quarterly in advance. The range for its annual fee is between 35 basis points (.35%) to 1 1/2 percent (1.5%) and is negotiated during the new client set-up process. A minimum fixed fee may apply, such as $10,000-$20,000 annually, as well as a value-added fee in certain situations. On rare occasions, a client may want assistance with a specific project that would incur an hourly fee. Depending on the special project, the hourly fee would range between $50-$500 per hour.

Wolfrum offers its clients a variety of options for its fees. It believes that “one size does not fit all,” and prefers to establish a fee schedule mutually beneficial to both parties.

If Wolfrum charges a client by the hour or has entered into a project arrangement, it invoices the client directly or, at the request of the client, the fees may be deducted from the client’s portfolio. The range for those services is between $50-$500 per hour, depending upon the project.

Asset-based and minimum fees may be deducted directly from the clients’ accounts by the third- party custodian and then remitted Wolfrum. Asset-based fees are paid quarterly in advance. If billed in advance and the client terminates services, that client is entitled to a pro rata return of fees. In addition to Wolfrum’s fees, investment advisory clients may pay fees to mutual funds companies, private equity firms, and to portfolio managers for assets managed by professional separate account managers. Clients will also pay brokerage commissions for trades in the client’s account at brokerage firms, as well as custodian fees in certain instances. A portion of those commissions, if applicable, will be passed through to Wolfrum. When Wolfrum recommends mutual fund investments to its clients, it has a bias towards “no- load” funds with no upfront, deferred, or annual sales charges. Wolfrum believes these products are generally advantageous to its clients compared to funds with sales charges. Clients may purchase recommended investments through brokers or agents that are not affiliated with Wolfrum. Wolfrum may recommend an investment in the Foundry Mezzanine Opportunity Fund, of which Wolfrum is affiliated and will receive management fees from the investment. Scott is currently the sole voting manager of the Foundry Capital Group, LLC. Certain investment vehicles that may have been purchased through David A. Noyes pay trailer fees, which will pass through to Wolfrum (if transferred from Noyes) through a contractual agreement with Huntleigh, providing clearing services through First Clearing.

Wolfrum does not have any “soft dollar” arrangements, nor does it engage in any wrap fee programs.

Fees are generally negotiable and the final fee arrangements are attached to each client’s Investment and Advisory Agreement (“IA Agreement”). Clients or Wolfrum may terminate their IA Agreement without penalty within five (5) business days of signing the IA Agreement. Thereafter, clients or Wolfrum may terminate the IA Agreement with a 30-day written notice. please register to get more info

Wolfrum does not accept performance-based fees based upon a percentage of the capital appreciation of assets within clients’ brokerage accounts. However, Foundry Capital Group, LLC’s Mezzanine Fund pays a performance-based fee upon exceeding certain targets, all of which are disclosed in Mezzanine’s private placement memorandum. Wolfrum, and its advisors, will participate in those performance-based fees. Scott, investment adviser representatives and other employees of Wolfrum may also invest personal money in the same investments as clients if the investment objectives, risk tolerance and other investment criteria are similar to those of the client. Registered Wolfrum personnel must report their investment transactions to Huntleigh’s compliance officer. Wolfrum’s compliance department will obtain certain transactions from personnel on a quarterly basis. please register to get more info

Wolfrum generally serves high net worth individuals and their extended family. Business consulting services may also be provided, primarily for a set fee. Specifics of relationships are detailed in proposals, advisory agreements or fee agreements. please register to get more info

Wolfrum analysis includes fundamental analysis, which involves the analysis of financial statements, the general financial health of companies and an analysis of the management or competitive advantages, and quantitative analysis, which deals with measurable factors such as the value of assets, cost analysis, historical projections, sales, etc. Wolfrum may benefit from research provided by Huntleigh. Wolfrum uses long term trading strategies, short term, short sales, margin transactions and on rare occasions, option trading.

Wolfrum monitors performance of its clients’ portfolios on a regular basis, and no less frequently than quarterly, although market and other conditions may lead to more frequent reviews.

As with any investment strategy, a risk of loss exists and clients must bear that risk. Wolfrum attempts to analyze the extent of the risk in a client’s portfolio and assist the client in determining if that degree of risk is appropriate to the client’s investment objectives and risk tolerance. please register to get more info

Scott became sole voting member of Foundry Capital, LLC (“Foundry”) in 2018. Foundry is the general partner and manager of the Foundry Mezzanine Opportunity Fund, LP, which is currently held by Wolfrum clients. Additionally, advisors of Wolfrum hold their insurance licenses with various insurance company providers. Wolfrum may make referrals to other professionals such as attorneys, mortgage bankers and insurance agents that it believes would provide good service to its clients. Wolfrum’s relationships with these professionals are always predicated on what it believes is best for the client. Costs for other professional advisors are paid by the client. Refer to Scott Wolfrum’s ADV Part 2B, which is attached with this Brochure, for more information pertaining to Scott’s experience and affiliations. Refer to Richard Morris’ ADV Part 2B, which is attached with this Brochure, for more information pertaining to Rick’s experience and affiliations. please register to get more info

Wolfrum has a Code of Ethics that it will provide to any client or prospective client upon request. The basic principal is that it is a fiduciary for its clients and is required to put client’s interests ahead of its own in advising them. Wolfrum does not recommend or purchase for client accounts securities in which it has a financial interest without full and fair disclosure. Wolfrum sometimes invests in the same securities as it selects for its clients. This only occurs when the investment objectives, risk tolerance and other investment criteria of the Wolfrum associate are similar to those of the client. Wolfrum invests on the same terms and is subject to the same pricing as its clients, with the exception of FMOF. In the event that purchases or sales are made for clients and for us on the same day, purchases and sales are made first for client accounts. please register to get more info

Wolfrum requires that all advisory client assets remain in the physical possession of a broker, custodian bank, trust company, mutual fund or insurance company. Wolfrum will suggest to its advisory clients that they designate Huntleigh as broker-dealer for their assets in which Wolfrum will provide financial investment advisory services. Huntleigh provides clearing services through First Clearing as custodian. Wolfrum has negotiated cost-efficient pricing on behalf of its clients. Wolfrum currently has the technical capability to electronically interface with Huntleigh and First Clearing. In addition, subject to an advisory client’s approval, Wolfrum will electronically deduct its advisory fees directly from the advisory client’s account. Wolfrum will not assume responsibility or liability for custodians selected by the client. Wolfrum considered the following factors in selecting a custodian and broker: professionalism, best execution, block trading, quality of execution, reliability, information technology capabilities, integrity, reasonableness of commissions, access to institutional trading and type of clientele. Commissions are just one of several important factors to consider when choosing the appropriate broker; however, Wolfrum desires the most competitive commissions from brokers for clients’ security executions. please register to get more info

All accounts are formally reviewed on a periodic basis depending on numerous factors including market conditions, investment strategy changes, changes in individual account asset allocations, changes in investment objective, changes in investment portfolio managers, changes in personnel within investment advisors managing client assets and a variety of other circumstances. As a practical matter, client accounts may be reviewed on an informal basis much more frequently depending on market conditions, investment strategy changes, changes in individual account asset allocations, changes in investment objective, changes in investment portfolio managers, changes in personnel within investment advisors managing client assets and a variety of other circumstances. Account reviews are also triggered by unexpected changes in the market or changing client circumstances. Clients receive account statements, at least quarterly, directly from the Huntleigh, either by mail or electronically. Many clients have chosen to have direct access online to their accounts through the custodian’s web portal. Additionally, clients may access their accounts through eMoney, an asset aggregation system. Wolfrum attempts to have meetings with clients on a quarterly basis to discuss their portfolio, its performance, and to assure that no change in circumstances has occurred that would require revisions to the client’s portfolio. please register to get more info

Wolfrum does not receive any monetary compensation for client referrals, nor does it compensate any outside party for client referrals. Wolfrum does not have any “soft dollar” arrangement with any broker/dealer. please register to get more info

Wolfrum does not have custody of client assets. please register to get more info

Wolfrum does not have discretionary authority on its clients’ accounts.

please register to get more info

Wolfrum does not vote client securities. Clients can choose to receive proxies and other solicitations directly from the custodian; in our experience, most choose not to receive this information. please register to get more info

Neither Wolfrum, nor its management, has any financial condition that is likely to reasonably impair Wolfrum’s ability to meet contractual commitments to clients. Wolfrum nor its management, has been the subject of a bankruptcy petition.
Brochure Supplement
Scott Wolfrum Wolfrum and Company, LLC Founder and Managing Partner Scott Wolfrum, born 1967, started Wolfrum & Company during the fourth quarter of 2017. He brings 25 years of experience in the financial services industry. Scott earned his degree from Indiana University with a major in Economics.

Prior to founding Wolfrum & Company, Scott was a registered representative of David A. Noyes & Company, a SEC- and FINRA-registered broker-dealer, where he was employed since May of 2013.

Scott’s FINRA licenses were registered through Huntleigh in January, 2018, but withdrew his FINRA licenses in October, 2019.

Scott is affiliated with The Human Fund as a Member and Manager, the Wolfrum Holdings LLC as a Member, Foundry Capital, LLC as sole member, the Foundry Capital Group, LLC, the Foundry Mezzanine Opportunities Fund as a member and solicitor, the Warsaw Chemical Company as a majority Partner, The Giving Tree as President, Perfinity Biosciences as Chairman of the Board and investor, MESH Systems as an investor and SuperNova as a Board Member. Scott may from time to time have an ownership or financial interest in Foundry’s Mezzanine Opportunity Fund’s underlying investments. There have not been any civil or criminal actions brought against Scott, nor has there been any administrative proceedings before the SEC or other regulatory authority. Scott is married to his wife, Amanda, and they have 4 daughters together. He is also a member of the Northview Church in Carmel, Indiana. This Supplement is attached to, and part of, Wolfrum’s Part 2A of Form ADV.
Brochure Supplement
Richard L. Morris Wolfrum and Company, LLC Investment Advisor

Richard (“Rick”) born 1961, started with Wolfrum and Company in October of 2018. He brings close to 31 years of experience in the financial services industry. Rick attended Indiana State University.

Prior to Wolfrum and Company, Rick was a Vice President and Senior Trust Officer with Horizon Trust, where he was employed since June of 2016. Prior to Horizon Trust, Rick was a Vice President of Trust Services with Farmer’s State Bank for 17 years. Prior to Farmers State Bank, Rick was a Vice President with KeyBank for 12 years.

Rick passed the General Securities Representative Exam and holds the Series 7 and 66 licenses through Huntleigh Securities Corporation of St. Louis, MO, with clearing services through First Clearing.

Rick does not have any business affiliations outside of Wolfrum and Company, LLC. There have not been any civil or criminal actions brought against Rick, nor has there been any administrative proceedings before the SEC or other regulatory authority. Rick has 3 children Stephanie, Andrew and Geoffrey.

This Supplement is attached to, and part of, Wolfrum’s Part 2A of Form ADV.

please register to get more info