Ownership
Kingdom Financial Group, LLC (sometimes referred to as “Advisor” or “we”) are an investment advisor
registered with the United States Securities and Exchange Commission since July 2, 2018. Kingdom
Financial Group, LLC was previously registered at the state level since January 26, 2011. We are an
S Corp formed under the laws of the State of Arizona. The principal owners are Steven D. Fullerton
and Stephanie E. Fullerton.
General Description of Primary Advisory Services
We offer personalized investment advisory services including financial plans and consultations, seminars,
newsletters, and referrals to third party money managers. The following are brief descriptions of our
primary services. A detailed description is provided in Item 5, Fees and Compensation, so that clients
and prospective clients (sometimes referred to as “you”) can review the services and description of fees
more thoroughly.
Financial Planning Services (Plans and Consulting)
Financial planning can be described as helping
individuals determine and set their
long-term financial
goals through
investments, tax planning, asset allocation, risk management, retirement planning and other
areas. The
role of a financial planner is to find ways to help clients understand their
overall financial
situation and help them set financial
objectives.
We provide advisory services in the form of comprehensive and modular financial plans. These
services do not involve the active management of client accounts. Instead, comprehensive planning
services focus on a client’s overall financial situation. Modular planning services focus on specific areas
of client concern and may not take other important issues into consideration.
We also provide consulting services to clients wanting advice on a specific area or concern.
These consultations can last for one meeting or several meetings, depending upon the client’s
needs and requested services.
Use of Third-Party Money Managers
We offer advisory services by referring clients to outside, or unaffiliated, money managers that are
registered or exempt from registration as investment advisors. Third-party money managers are
responsible for continuously monitoring client accounts and making trades to client accounts when
necessary.
Newsletters
We offer informative and educational newsletters to clients on a complementary basis.
Seminars
We offer free educational and informational seminars.
Specialization
We do not specialize in any of our offered services.
Limits Advice to Certain Types of Investments.
We limit our investment advice to the following types of investments:
Exchange-listed securities
Securities traded over-the-counter
Foreign issues
Warrants
Corporate debt securities (other than commercial paper)
Commercial paper
Certificates of deposit
Municipal securities
United States government securities
Option contracts on securities
Option contracts on commodities
Futures contracts on tangibles
Futures contracts on intangibles
Variable life insurance
Variable annuities
Mutual fund shares
Written Acknowledgement of Fiduciary Status
When we provide investment advice to you regarding your retirement plan account or individual retirement
account, we are fiduciaries within the meaning
of Title I of the Employee Retirement Income Security Act and/or
the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make
money creates some conflicts with your interests, so we operate under a special rule that requires us to act in
your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Tailor Advisor Services to Individual Needs of Clients
Our services are always provided based on the specific needs of the individual client. Clients are given
the ability to impose restrictions on their accounts, including specific investment selections and sectors.
However, we will not enter into an investment advisor relationship with anyone whose investment
objectives may be considered incompatible with our investment philosophy or strategies or where the
prospective client seeks to impose unduly restrictive investment guidelines.
Wrap-Fee Program versus Portfolio Management Program
In traditional management programs, advisory services are provided for a fee, but transaction services
are billed separately on a per-transaction basis. A wrap fee program is a program under which the client
pays a single fee that covers both receipt of investment advice and the execution of securities
transactions. We serve as portfolio manager to a wrap fee program sponsored by AEWM, which is also
available to our clients. In the AEWM program, the advisory fee paid by the client includes custody,
trades, management expertise and reporting in a bundled format. A client's total cost of each of the
services provided through wrap fee programs could be different if purchased separately. Cost factors may
include the client's ability to:
1. Obtain the services provided within the programs separately from any of the mutual fund sponsors,
2. Invest and rebalance the selected mutual funds without the payment of a transaction charge, and
3. Obtain performance reporting comparable to those provided within each program.
When comparing costs, the combination of multiple mutual fund investments, advisory services, custodial
and brokerage services available through each program may not be available separately. Clients may be
required to have multiple accounts, sign numerous documents and incur various fees. If an account is not
actively traded or the client qualifies for reduced sales charges, the fees in these programs may be more
expensive than if utilized separately.
We believe the charges and fees offered within each fee-based program are competitive and reasonable
when compared to alternative programs available through other firms and/or investment sources.
However, we make no guarantee that the aggregate cost of a particular program is lower than that which
may be available elsewhere.
If you participate in a third-party wrap program, it will be on a discretionary basis. The strategies
implemented are based on clients' individual investment objectives. For complete details regarding the
AE Wealth wrap fee program, please refer to the AE Wealth Wrap Fee Program Brochure (Form ADV,
Part 2A Appendix) which can be found by accessing AE Wealth’s Disclosure Documents at
https://aewealthmanagement.com/disclosures. All other disclosure documentation made available by AE
Wealth will be available there as well.
Client Assets Managed by Advisor
As of December 31, 2023, the firm has a total of $264,244,259 in discretionary assets under
management. The firm did not have any non-discretionary assets under management.