Firm Description
Financial Horizons, Inc. was founded in 1971.
Financial Horizons, Inc. provides investment management to individuals,
trusts and pension and profit sharing plans. Advice is provided through
consultation with the client and may include: determination of financial
objectives, investment management and retirement planning.
Financial Horizons, Inc. is strictly a fee-only investment management firm.
The firm does not receive commissions for purchasing or selling stocks,
bonds, mutual funds, or other commissioned products. The firm is not
affiliated with entities that sell financial products or securities. No
commissions in any form are accepted. No finder’s fees are accepted.
Financial Horizons, Inc. does not act as a custodian of client assets. The
client always maintains asset control. Financial Horizons, Inc. places trades
for clients under a limited power of attorney.
Periodic reviews are also communicated to provide reminders of the specific
courses of action that need to be taken. More frequent reviews occur but are
not necessarily communicated to the client unless immediate changes are
recommended.
Principal Owners
James T. Adams is 100%
Types of Advisory Services
Financial Horizons, Inc. provides investment supervisory services, also known
as asset management services; manages investment advisory accounts not
involving investment supervisory services.
As of December 31, 2023, Financial Horizons, Inc. manages approximately
$161,254,619 in assets for approximately 18 clients. Approximately
$161,254,619 is managed on a discretionary basis, and $ 0 is managed on a
non-discretionary basis.
Tailored Relationships
The goals and objectives for each client are documented in our client
relationship management system. Clients may impose restrictions on
investing in certain securities or types of securities.
Types of Agreements
The following agreements define the typical client relationships.
Financial Planning Agreement
Not Applicable
Advisory Service Agreement
Clients choose to have Financial Horizons, Inc. manage their assets in order
to obtain ongoing in-depth advice. Realistic and measurable goals are set
and objectives to reach those goals are defined. As goals and objectives
change over time, suggestions are made and implemented on an ongoing
basis.
The scope of work and fee for an Advisory Service Agreement is provided to
the client in writing prior to the start of the relationship. An Advisory Service
Agreement includes: cash flow management; investment management
(including
performance reporting); retirement planning; as well as the
implementation of recommendations within each area.
The annual Advisory Service Agreement fee is based on a percentage of
the investable assets according to the following schedule:
2.00% on $200,000
1.50% on $500,000
1.25% on $750,000
1.00% on $1,000,000
.75% on $2,000,000 and above
Current client relationships may exist where the fees are higher or lower than
the fee schedule above.
Although the Advisory Service Agreement is an ongoing agreement and
constant adjustments are required, the length of service to the client is at the
client’s discretion. The client or the investment manager may terminate an
Agreement by written notice to the other party. At termination, fees will be
billed on a pro rata basis for the portion of the quarter completed. The
portfolio value at the completion of the prior full billing period is used as the
basis for the fee computation, adjusted for the number of days during the
billing quarter prior to termination.
Retainer Agreement
Not Applicable
Investment Management Agreement
Not Applicable
Tax Preparation Agreement
Not Applicable
Hourly Planning Engagements
Not Applicable
Asset Management
Assets are invested primarily in stocks and bonds. Assets may also be
invested in no-load or low-load mutual funds and exchange-traded funds.
Fund companies charge each fund shareholder an investment management
fee that is disclosed in the fund prospectus. Discount brokerages may charge
a transaction fee for the purchase of some funds.
Stocks and bonds are purchased or sold through a brokerage account. The
brokerage firm may charge a fee for stock and bond trades. Financial
Horizons, Inc. does not receive any compensation, in any form, from fund
companies.
Investments may include: equities (stocks), warrants, corporate debt
securities, commercial paper, certificates of deposit, municipal securities, and
mutual funds shares), and U. S. government securities.
Initial public offerings (IPOs) are not available through Financial Horizons, Inc.
Termination of Agreement
A Client may terminate the aforementioned agreement at any time by
notifying Financial Horizons, Inc. in writing. If the client made an advance
payment, Financial Horizons, Inc. will refund any unearned portion of the
advance payment.
Financial Horizons, Inc. may terminate the agreement at any time by notifying
the client in writing. If the client made an advance payment, Financial
Horizons, Inc. will refund any unearned portion of the advance payment.