Bacon Financial Management, Inc. dba Financial Strategies Group Client Brochure

Transcription

1 Bacon Financial Management, Inc. dba Financial Strategies Group Client Brochure This brochure provides information about the qualifications and business practices of Bacon Financial Management, Inc. dba Financial Strategies Group. If you have any questions about the contents of this brochure, please contact us at or by at: 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. Additional information about Bacon Financial Management, Inc. dba Financial Strategies Group is also available on the SEC s website at Bacon Financial Management, Inc s CRD number is: McKinney Ave Dallas, TX dbacon@fsgadvisers.com Registration does not imply a certain level of skill or training. Version Date: 3/6/2018

2 Item 2: Material Changes Updated to reflect the following facts: 1. i

3 Item 3: Table of Contents Table of Contents Item 2: Material Changes... i Item 3: Table of Contents... ii Item 4: Advisory Business...5 A. Description of the Advisory Firm...5 B. Types of Advisory Services...5 C. Client Tailored Services and Client Imposed Restrictions...5 D. Wrap Fee Programs...5 E. Amounts Under Management...5 Item 5: Fees and Compensation...6 A. Fee Schedule...6 B. Payment of Fees...6 C. Clients Are Responsible For Third Party Fees...6 D. Prepayment of Fees...7 E. Outside Compensation For the Sale of Securities to Clients Conflict of Interest Clients Have the Option to Purchase Recommended Products From Other Brokers Commissions Advisory Fees in Addition to Commissions or Markups...7 Item 6: Performance-Based Fees and Side-By-Side Management...7 Item 7: Types of Clients...8 Item 8: Methods of Analysis, Investment Strategies, and Risk of Investment Loss...8 A. Methods of Analysis and Investment Strategies...8 B. Material Risks Involved...8 C. Risks of Specific Securities Utilized...8 Item 9: Disciplinary Information...9 A. Criminal or Civil Action...9 B. Administrative Proceeding Before the SEC, Any Other Federal Regulatory Agency, or Any State Regulatory Agency...9 ii

4 C. Proceeding Before a Self-regulatory Organization (SRO)...9 Item 10: Other Financial Industry Activities and Affiliations...9 A. Registration as a Broker/Dealer or Broker/Dealer Representative...9 B. Registration as a Futures Commission Merchant, Commodity Pool Operator, or a Commodity Trading Advisor...9 C. Registration Relationships Material to this Advisory Business and Possible Conflicts of Interests...9 D. Selection of Other Advisors or Managers and How This Adviser is Compensated for Those Selections...10 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading...10 A. Code of Ethics...10 B. Recommendations Involving Material Financial Interests...10 C. Investing Personal Money in the Same Securities as Clients...10 D. Trading Securities At/Around the Same Time as Clients Securities...10 Item 12: Brokerage Practices...11 A. Factors Used to Select Custodians and/or Broker/Dealers Research and Other Soft-Dollar Benefits Brokerage for Client Referrals Clients Directing Which Broker/Dealer/Custodian to Use...11 B. Aggregating (Block) Trading for Multiple Client Accounts...11 Item 13: Reviews of Accounts...11 A. Frequency and Nature of Periodic Reviews and Who Makes Those Reviews...11 B. Factors That Will Trigger a Non-Periodic Review of Client Accounts...11 C. Content and Frequency of Regular Reports Provided to Clients...11 Item 14: Client Referrals and Other Compensation...12 A. Economic Benefits Provided by Third Parties for Advice Rendered to Clients (Includes Sales Awards or Other Prizes)...12 B. Compensation to Non Advisory Personnel for Client Referrals...12 Item 15: Custody...12 Item 16: Investment Discretion...12 Item 17: Voting Client Securities (Proxy Voting)...12 Item 18: Financial Information...12 iii

5 A. Balance Sheet...12 B. Financial Conditions Reasonably Likely to Impair Ability to Meet Contractual Commitments to Clients...13 C. Bankruptcy Petitions in Previous Ten Years...13 Item 19: Requirements For State Registered Advisers...13 A. Principal Executive Officers and Management Persons; Their Formal Education and Business Background...13 B. Other Businesses in Which This Advisory Firm or its Personnel are Engaged and Time Spent on Those (If Any)...13 C. How Performance Based Fees are Calculated and Degree of Risk to Clients...13 D. Material Disciplinary Disclosures for Management Persons of this Firm...13 E. Material Relationships That Management Persons Have With Issuers of Securities (If Any)...13 iv

6 Item 4: Advisory Business A. Description of the Advisory Firm Bacon Financial Management, Inc was founded in 2006 in Texas as an S-Corp. The fiscal year ends on December 31 st. Bacon Financial Management, Inc dba Financial Strategies Group is owned by Diana Bacon and Alan Goldfarb. Bacon Financial Management, Inc dba Financial Strategies Group is proud to be registered with the Texas State Board of Securities. Bacon Financial Management, Inc is currently doing business as Financial Strategies Group. B. Types of Advisory Services Bacon Financial Management, Inc dba Financial Strategies Group provides financial planning services including income tax planning, estate tax planning, retirement planning, cash flow planning, asset protection planning, employee stock option planning, and investment planning. Bacon Financial Management, Inc dba Financial Strategies Group works with each client to develop an asset allocation with the following asset categories: domestic equities of large, mid, and small capitalizations, bonds, cash and cash equivalents, international equity, real estate, and other investments. The underlying proposed investment vehicles are open-end, no-load mutual funds, ETFs, and alternative investments these are intended to be held for long term investing. Outside money managers or advisers may be proposed for a portfolio based on the client s objectives. Bacon Financial Management, Inc dba Financial Strategies Group does not offer advice on individual stocks or bonds. Clients who hold individual stocks and bonds understand they are responsible for monitoring performance. Employee stock option planning focuses on the income tax implications and assisting the client with attaining long term financial goals such as paying off debt/mortgages and creating a diversified portfolio. C. Client Tailored Services and Client Imposed Restrictions All services, including investment planning, provided by Bacon Financial Management, Inc dba Financial Strategies Group are tailored to each client. If a client has a desire or need to refrain from investing in certain securities, the Bacon Financial Management, Inc dba Financial Strategies Group Financial Planner will work with the client on a proposed portfolio the client and the Financial Planner deems appropriate. D. Wrap Fee Programs Bacon Financial Management, Inc dba Financial Strategies Group does not have a Wrap Fee program. E. Amounts Under Management Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $44,982, /31/2017 5

7 Item 5: Fees and Compensation A. Fee Schedule Fees paid to Bacon Financial Management, Inc dba Financial Strategies Group for all services are detailed in the engagement letter agreed to and signed by a Bacon Financial Management, Inc dba Financial Strategies Group Director and the client. Fees are negotiable. Clients may be billed simply for the hourly work, on a negotiated annual fee based on the Financial Planner s hourly rate, or under the assets under management schedule below. Hourly rates are currently as follows: Diana Bacon, CFP $325 Alan Goldfarb, CFP $375 Fee Schedule Asset Value Annualized Billing Rate Less than $ 1,000, % $ 1,000,001 to 2,500, % $ 2,500,000 to 5,000, % $ 5,000,001 to 10,000, % Over $ 10,000, % B. Payment of Fees Bacon Financial Management, Inc dba Financial Strategies Group invoices clients quarterly based on the agreed upon fees. Contract fee clients are billed for one-fourth of their annual fee each quarter. Hourly fee clients are billed for the time for the previous month. Clients submit payment via our ACH/credit card vendor. Upon a client s request, fees may be deducted from the client s account. Fees deducted from client accounts can be paid quarterly. Fees paid via credit card or ACH can be paid monthly according to the client s preference. C. Clients Are Responsible For Third Party Fees Clients are responsible for all third party fees. This can include transaction fees from an investment custodian, such as Raymond James or Equity Trust Company, commissions, mutual fund fees, attorney s fees, and accountant s fees. 6

8 D. Prepayment of Fees Fees are typically paid at the beginning of each quarter. As work continues over the course of the year, sometimes these equal payments are a prepayment of fees and sometimes the payments are for work already performed. In the event a client contract is terminated, all unearned fees will be refunded. The work completed will be compared to fees paid through the termination date. Any unearned fees will be reimbursed to the client. E. Outside Compensation For the Sale of Securities to Clients Bacon Financial Management, Inc dba Financial Strategies Group receives no compensation other than the fees paid by clients. Conflict of Interest As neither Bacon Financial Management, Inc dba Financial Strategies Group nor our financial planners receive compensation other than client fees, there is no conflict of interest from fees from mutual funds, insurance, or any other financial products or work. Any proposed mutual fund will be no-load or load-waived. In the event there is an unforeseen conflict of interest, the client will be notified and the conflict documented in writing by the Bacon Financial Management, Inc dba Financial Strategies Group Wealth Advisor. Clients Have the Option to Purchase Recommended Products From Other Brokers Clients may purchase products, proposed and otherwise from any broker. Bacon Financial Management, Inc dba Financial Strategies Group has agreements with Equity Trust/Equity Advisor Solutions and Raymond James & Associates to custody Bacon Financial Management Inc dba Financial Strategies Group client assets and give Bacon Financial Management Inc dba Financial Strategies Group clients a discount on fees. Bacon Financial Management Inc dba Financial Strategies Group does not share any fees with any custodians. Commissions Bacon Financial Management, Inc dba Financial Strategies Group receives no commissions. Advisory Fees in Addition to Commissions or Markups Bacon Financial Management, Inc dba Financial Strategies Group receives only fees paid by clients. Item 6: Performance-Based Fees and Side-By-Side Management Bacon Financial Management, Inc dba Financial Strategies Group receives either hourly fees, flat fees, or fees based on assets under management agreed upon by Bacon Financial Management, Inc dba Financial Strategies Group and the client. There are no other fees. 7

9 Item 7: Types of Clients Investment Advisory clients of Bacon Financial Management, Inc dba Financial Strategies Group are individuals, trusts, and family groups. There is no minimum account size. The minimum annual investment advisory fee is $1,500. Item 8: Methods of Analysis, Investment Strategies, and Risk of Investment Loss A. Methods of Analysis and Investment Strategies If financial planning services include investment advice, the client s current financial health, cash needs, long term goals, risk tolerance, restrictions, investment knowledge, and investment experience will be reviewed and factored into advice given to the client. Advice is generally based on fundamental analysis which involves evaluating economic factors including interest rates, the economy, and inflation. Bacon Financial Management, Inc dba Financial Strategies Group proposes asset allocations of diversified assets. Mutual funds or ETFs investing in stocks, bonds, and/or real estate may be proposed for a client depending on the client s goals, risk tolerance, and time horizon. Bacon Financial Management, Inc dba Financial Strategies Group does not engage in market timing, technical analysis, or selection of individual equities. A long term strategy focusing on buy and hold is the key strategy of Bacon Financial Management, Inc dba Financial Strategies Group. Asset classes may be reallocated from time to time based on investment performance or changes to a client s situation. As with any investment, there is a risk to the principal for an investment in stocks, bonds, real estate, ETFs, and the mutual funds investing in these assets. The most important investment decision is the balance between income and growth assets. B. Material Risks Involved The purpose of the asset allocations and investment proposals is to achieve appropriate return for the level of risk tolerated by the client. However, returns are not guaranteed. As an investor, you must be able to bear the risk of loss to some or all of your principal. Though the purpose of a diversified portfolio is to mitigate risk, there is the risk of losing principal when investing in stock, bonds, and real estate. These assets are subject to market risk, company risk, interest rate risk, company risk, management risk, research risk, liquidity risk, credit risk, reinvestment risk, and duration risk. Additionally, there is risk in a diversified portfolio of not participating in the gains of a single asset. C. Risks of Specific Securities Utilized Mutual funds and EFTs have the risk reflected by owning the underlying assets. Also, mutual funds and EFTs have their own fees possibly creating duplication in fees. 8

10 Item 9: Disciplinary Information There are no legal or disciplinary events pending with Bacon Financial Management, Inc dba Financial Strategies Group nor any of its Financial Planners / Wealth Advisors. A. Criminal or Civil Action There have been no criminal or civil actions against Bacon Financial Management, Inc dba Financial Strategies Group nor any of its Financial Planners/Wealth Advisors. B. Administrative Proceeding Before the SEC, Any Other Federal Regulatory Agency, or Any State Regulatory Agency Bacon Financial Management, Inc dba Financial Strategies Group nor any of its Financial Planners/Wealth Advisors have any pending proceedings with any regulatory agency. C. Proceeding Before a Self-regulatory Organization (SRO) Bacon Financial Management, Inc dba Financial Strategies Group nor any of its Financial Planners/Wealth Advisors have any pending proceedings nor any violations with a self regulatory agency. Item 10: Other Financial Industry Activities and Affiliations A. Registration as a Broker/Dealer or Broker/Dealer Representative Bacon Financial Management, Inc dba Financial Strategies Group is not a Broker/Dealer. B. Registration as a Futures Commission Merchant, Commodity Pool Operator, or a Commodity Trading Advisor Bacon Financial Management, Inc dba Financial Strategies Group is not a Futures Commission Merchant, Commodity Pool Operator, or Commodity Trading Advisor. C. Registration Relationships Material to this Advisory Business and Possible Conflicts of Interests Bacon Financial Management, Inc dba Financial Strategies Group nor its employees have any past or current conflict of interest with any of the following: broker-dealer, municipal securities dealer, or government securities dealer or broker, investment company or other pooled investment vehicle (including a mutual fund, closed-end investment company, unit investment trust, private investment company or hedge fund, and offshore fund), other investment adviser or financial planner, futures commission merchant, commodity pool operator, or commodity trading advisor, banking or thrift institution, accountant or accounting firm, lawyer or law firm, insurance company or agency, pension consultant, real estate broker or dealer, or sponsor, or syndicator of limited partnerships. 9

11 D. Selection of Other Advisors or Managers and How This Adviser is Compensated for Those Selections Bacon Financial Management, Inc dba Financial Strategies Group does not share fees with any person or firm. Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading A. Code of Ethics Each employee of Bacon Financial Management, Inc dba Financial Strategies Group is expected to work with the client s interest being their first priority. Employees of Bacon Financial Management, Inc dba Financial Strategies Group are prohibited from trading in companies where their clients are owners or could have insider information. Bacon Financial Management, Inc dba Financial Strategies Group will keep all client information confidential and can only be released when required by a federal or state agency, subpoena, court order, or with client s permission. Any breach in the code of conduct must be reported immediately to the Chief Compliance Office or Managing Director. A copy Bacon Financial Management, Inc dba Financial Strategies Group s Code of Conduct is available at any time to any client or prospective client. B. Recommendations Involving Material Financial Interests Bacon Financial Management, Inc dba Financial Strategies Group and its related persons may not recommend to clients, or buy or sell for client accounts securities in which the Bacon Financial Management, Inc dba Financial Strategies Group employee has a material financial interest. C. Investing Personal Money in the Same Securities as Clients Bacon Financial Management, Inc dba Financial Strategies Group recommends mutual funds and EFTs to clients. All Bacon Financial Management, Inc dba Financial Strategies Group employees can invest in these funds as well. Bacon Financial Management Inc, dba Financial Strategies Group employees are prohibited from investing in companies at which their clients are executives. D. Trading Securities At/Around the Same Time as Clients Securities Bacon Financial Management, Inc dba Financial Strategies Group recommends only mutual funds and exchange traded funds to clients. All Bacon Financial Management Inc, dba Financial Strategies Group employees can invest in these funds as well. Bacon Financial Management Inc dba Financial Strategies Group employees are prohibited from investing in companies at which their clients are executives. 10

12 Item 12: Brokerage Practices A. Factors Used to Select Custodians and/or Broker/Dealers 1. Research and Other Soft-Dollar Benefits Bacon Financial Management, Inc dba Financial Strategies Group does not receive any benefits through a soft dollar benefit programs. 2. Brokerage for Client Referrals Bacon Financial Management, Inc dba Financial Strategies Group does not take referrals from custodians to prevent a conflict of interest. 3. Clients Directing Which Broker/Dealer/Custodian to Use Bacon Financial Management, Inc dba Financial Strategies Group clients may use any broker/dealer or custodian of their choice. Clients understand that by opting not to custody through Equity Trust/Equity Advisor Solutions or Raymond James the account(s) may be charged greater fees and commissions. Bacon Financial Management, Inc dba Financial Strategies Group may recommend money managers or outside advisors. These managers may have commitments or restrictions in the selection of a custodian. Therefore, those accounts would be required to be held with the custodian of that money manager. B. Aggregating (Block) Trading for Multiple Client Accounts Bacon Financial Management, Inc dba Financial Strategies Group does not execute block orders as most client accounts do very little trading of securities eligible for block trading. Item 13: Reviews of Accounts A. Frequency and Nature of Periodic Reviews and Who Makes Those Reviews Client accounts and all financial planning, including reviews of financial plans, are performed as agreed upon by the client and the Bacon Financial Management, Inc dba Financial Strategies Group Wealth Advisor/Financial Planner. Typically, reviews are performed on an annual basis. B. Factors That Will Trigger a Non-Periodic Review of Client Accounts A life event, a catastrophic event, or a client s request can trigger a non-periodic review. C. Content and Frequency of Regular Reports Provided to Clients Reports to clients will be provided from software used by our Wealth Advisors to provide detail about the investments in the account(s)/portfolio. Account Statements are provided by the custodian. 11

13 Item 14: Client Referrals and Other Compensation A. Economic Benefits Provided by Third Parties for Advice Rendered to Clients (Includes Sales Awards or Other Prizes) Bacon Financial Management, Inc dba Financial Strategies Group does not receive economic benefit from third parties including money managers or outside advisors. B. Compensation to Non Advisory Personnel for Client Referrals Compensation is not given for referrals. Item 15: Custody Bacon Financial Management, Inc dba Financial Strategies Group does not custody client assets. Clients will receive statements from their custodians. Item 16: Investment Discretion We maintain discretionary authority over the majority of client accounts. These clients enter into an investment advisory agreement which provides Bacon Financial Management Inc. dba Financial Strategies Group with discretionary authority. Bacon Financial Management, Inc dba Financial Strategies Group is responsible for the decisions to buy and sell securities for discretionary advisory clients. The particular securities and the amounts of such securities to be purchased and sold are determined by Bacon Financial Management, Inc dba Financial Strategies Group consistent with each advisory client s investment objectives, policies and restrictions. Prior to assuming any portfolio for which we have discretionary authority, we initiate a dialogue with the client in regards to risk tolerance. Item 17: Voting Client Securities (Proxy Voting) Bacon Financial Management, Inc dba Financial Strategies Group will not vote client securities. Clients will receive voting proxies or other communications directly from the custodian. Clients can contact their Bacon Financial Management, Inc dba Financial Strategies Group Wealth Advisor/Financial Planner for procedural questions. Item 18: Financial Information A. Balance Sheet Clients are invoiced quarterly or monthly as indicated in the engagement letter. A balance sheet is not required under current regulations. 12

14 B. Financial Conditions Reasonably Likely to Impair Ability to Meet Contractual Commitments to Clients Bacon Financial Management, Inc dba Financial Strategies Group, Alan Goldfarb, nor Diana Bacon have any financial conditions that will impair the ability to meet contractual commitments. C. Bankruptcy Petitions in Previous Ten Years Bacon Financial Management, Inc dba Financial Strategies Group has not been the subject of a bankruptcy petition at any time during the last ten years. Item 19: Requirements For State Registered Advisers A. Principal Executive Officers and Management Persons; Their Formal Education and Business Background Please see the ADV Part 2B supplement for Diana Bacon and Alan Goldfarb. B. Other Businesses in Which This Advisory Firm or its Personnel are Engaged and Time Spent on Those (If Any) Please see the ADV Part 2B supplement for Diana Bacon and Alan Goldfarb. C. How Performance Based Fees are Calculated and Degree of Risk to Clients Bacon Financial Management, Inc dba Financial Strategies Group Wealth Advisor/Financial Planner are not compensated for advisory services with performance based fees. D. Material Disciplinary Disclosures for Management Persons of this Firm No directors have been found liable in an arbitration claim, nor found liable in a civil, self-regulatory organization, or administrative proceeding E. Material Relationships That Management Persons Have With Issuers of Securities (If Any) No directors have material relationships with issuers of securities. 13

15 This brochure supplement provides information about Diana Bacon that supplements the Bacon Financial Management, Inc. dba Financial Strategies Group brochure. You should have received a copy of that brochure. Please contact Diana Bacon, Director of Operations if you did not receive Bacon Financial Management, Inc. dba Financial Strategies Group s brochure or if you have any questions about the contents of this supplement. Additional information about Diana Bacon (Individual CRD # ) is also available on the SEC s website at Bacon Financial Management, Inc Form ADV Part 2B Individual Disclosure Brochure for Diana Bacon Investment Adviser Representative 1919 McKinney Ave Dallas, TX (972) dbacon@fsgadvisers.com UPDATED: 3/6/

16 Item 2: Educational Background and Business Experience Diana Bacon, founder of Bacon Financial Management, Inc, has been working with executives, small business owners, retirees, and families for over a decade. Diana began her career at The Ayco Company, LP, in 1998 as a financial analyst. She also served as the Regional Training Coordinator for Financial Analysts and Staff Attorneys. She left Ayco in 2002 to join the Personal Financial Counseling practice at Ernst & Young LLP. During her time as a Manager at Ernst & Young, Diana provided tax and investment advice to executives of Fortune 500 companies with a focus on stock option strategies although she oversaw all aspects of personal financial planning for her executive clients, including the areas of income tax, estate tax, investments, and retirement. As the founder and principal of Bacon Financial, Diana has continued to work with executives, in addition to working with small business owners, retirees, and families to create homogenous plans for all generations. As a component of her family-based financial planning, Diana works with trustees and parents to teach beneficiaries and children, respectively, how to set a budget, manage money, and transition from a family payroll to independently managed finances. Diana earned a Bachelor s of Science in Mathematics from University at Albany and an MBA from Dallas Baptist University with a concentration in Finance. In 2003, Diana earned a CFP Certification. Certified Financial Planners must have a bachelor s degree, have been working in financial planning for at least three years, pass an examination, and meet the ethics requirements of the CFP Board of Standards. In 2015, Diana earned the Certified Divorce Financial Analyst designation. Diana was born in Item 3: Disciplinary Information Diana Bacon has not been involved in any disciplinary events, criminal action, SEC proceeding, or other selfregulating authority proceeding. Item 4: Other Business Activities In addition to financial planning services, Bacon Financial Management, Inc and Diana Bacon oversees income tax preparation for some tax planning clients. Diana does not prepare any tax returns. Diana Bacon owns and operates Bacon Coaching Services, a consulting company that works with individuals and families to live a healthy lifestyle through exercise and cooking real foods. Item 5: Additional Compensation Diana Bacon receives the net income from Bacon Coaching Services. 15

17 Item 6: Supervision Diana Bacon is responsible for investment advisory functions, client reviews, and investment proposals. Diana Bacon is the Director of Operations and the Chief Compliance Officer and can be reached at Item 7: Requirements For State Registered Advisers Diana Bacon has not been found liable in arbitration, civil, self regulatory organization, or administrative 16

18 This brochure supplement provides information about Alan Goldfarb that supplements the Bacon Financial Management, Inc. dba Financial Strategies Group brochure. You should have received a copy of that brochure. Please contact Diana Bacon, Director of Operations if you did not receive Bacon Financial Management, Inc. dba Financial Strategies Group s brochure or if you have any questions about the contents of this supplement. Additional information about Alan Goldfarb (Individual CRD # ) is also available on the SEC s website at Bacon Financial Management, Inc Form ADV Part 2B Individual Disclosure Brochure for Alan Goldfarb Investment Adviser Representative 1919 McKinney Ave Dallas, TX (972) agoldfarb@fsgadvisers.com UPDATED: 3/6/

19 Alan Goldfarb has been recognized as a leader in the financial counseling industry since the early l 970's. His background includes extensive experience in investments, employee benefits, and estate planning, coupled with leadership roles in professional and civic organizations. He has been named Top Financial Advisor by "Worth" magazine for five consecutive times, and Best Financial Planner and Wealth Manager in Dallas by "D" magazine. He is also listed in Marquis' Who s Who in Finance and Industry, and has served as National Vice Chairman of Planned Giving for the American Heart Association. Certifications CFP- Certified Financial Planner AIF- Accredited Investment Fiduciary Professional Experience Over 40 years financial advisory experience Director of Wealth Strategies, Weaver Wealth Management President, Financial Strategies Advisory Corp. Director, Financial Planning, AXA Advisors, Texas Region Regional Director, Financial Planning Services, Coopers & Lybrand Director, Financial Services MBA Program, University of Dallas, Graduate School of Management University and Continuing Professional Education Master of Business Administration, Economics and Management, University of North Texas Bachelor of Science, Engineering and Management, Fairleigh Dickinson University AIF, Accredited Investment Fiduciary, Center for Fiduciary Studies, University of Pittsburgh CFP, Certified Financial Planner, College for Financial Planning Professional Awards, Activities and Memberships Former Chair, Certified Financial Planner (CFP) Board of Directors Former Chair, CFP Board of Professional Review Executive Director, Southwest Institute for Personal Financial Education, University of Dallas Arbitrator and Mediator, American Arbitration Association Former National Board Member, International Association for Financial Planning Board Member, Dallas Summer Musicals Former National Vice Chairman, Planned Giving for the American Heart Association Named Top Financial Advisor by Worth Magazine for six consecutive years Named Best Wealth Manager twice in Medical Economics and Texas Monthly Named Best Financial Planner and Wealth Manager in Dallas by D Magazine Listed in Marquis Who s Who in Finance and Industry Alan was born in

20 Alan Goldfarb has not been involved in any disciplinary events, criminal action, SEC proceeding, or other self-regulating authority proceeding. Alan Goldfarb has no other business activities. Alan Goldfarb has no outside compensation. Alan Goldfarb is responsible for overseeing investment advisory functions, client reviews, and investment proposals. Alan Goldfarb is the Managing Director and can be reached at Diana Bacon is the Compliance Officer. Alan Goldfarb has not been found liable in arbitration, civil, self regulatory organization, or administrative procedures. 19