FirmDescription FinancialPlanningSolutions,LLC(“FPS”orthe“Advisor”)wasfoundedinJune2013asa Massachusettslimitedliabilitycompany(“LLC”).LymanH.Jackson(“ManagingPartner andCo-Founder”)andRichardH.Fingerman(“ManagingPartnerandCo-Founder”)each own50%oftheAdvisor.
FPSprovidespersonalizedfinancialplanningandinvestmentmanagementprimarilyto individuals,highnetworthindividualsandpensionandprofitsharingplans(eacha “Client”).AdviceisprovidedthroughconsultationwiththeClientandmayinclude: determinationoffinancialobjectives,identificationoffinancialproblems,cashflow management,taxplanning,insurancereview,investmentmanagement,education funding,retirementplanning,andlegacyplanning.
FPSisafee-onlyfinancialplanningandinvestmentmanagementfirm.FPSservesasa fiduciarytoClients,asdefinedundertheapplicablelawsandregulations.Asafiduciary, theAdvisorupholdsadutyofloyalty,fairnessandgoodfaithtowardseachClientand seekstomitigatepotentialconflictsofinterest.TheAdvisor’sfiduciarycommitmentis furtherdescribedintheCodeofEthics.FormoreinformationregardingourCodeof Ethics,pleaseseeItem11–CodeofEthics,ParticipationorInterestinClientTransactions andPersonalTrading.
FPSwillprovideinvestmentmanagementandportfoliomanagementservicesandatno timewillFPSacceptormaintaincustodyofaClient’sfundsorsecurities,exceptforthe limitedauthorityasoutlinedinItem15–Custody.AllClientassetswillbemanaged withintheirdesignatedaccount[s],pursuanttotheWealthManagementAgreement. For additionalinformation,pleaseseeItem12–BrokeragePractices.
AnevaluationofeachClient'sinitialsituationisprovidedtotheClient,oftenintheformof anetworthstatement,riskanalysisorsimilardocument.Periodicreviewsarealso communicatedtoprovideremindersofthespecificcoursesofactionthatneedtobe taken.MorefrequentreviewsoccurbutarenotnecessarilycommunicatedtotheClient unlessimmediatechangesarerecommended.
Otherprofessionals(e.g.,lawyers,accountants,taxpreparers,insuranceagents,etc.)are engageddirectlybytheClientonanas-neededbasisandmaychargefeesoftheirown.
ConflictsofinterestwillbedisclosedtotheClientintheunlikelyeventtheyshouldoccur.
TypesofAdvisoryServices FPSprovidesinvestmentsupervisoryservices,alsoknownasWealthManagement Servicesandfurnishesfinancialplanningandinvestmentadvicethroughconsultations.
WEALTHMANAGEMENTSERVICES FPSprimarilydeliversitswealthmanagementservicesonadiscretionarybasis,butmay, attimes,engagefornon-discretionaryservices.FPSwillofferClientsongoinginvestment managementservicesthroughdeterminingindividualinvestmentgoals,timehorizons, objectives,andrisktolerance.Investmentstrategies,investmentselection,asset allocation,portfoliomonitoringandtheoverallinvestmentprogramwillbebasedonthe abovefactors.
WhentheClientprovidesFPSwithdiscretionaryauthority,theClientwillprovidesuch authoritythroughtheWealthManagementAgreementandlimitedtrading authorization[s]attheClient’sdesignatedcustodian.FPSwillhavetheauthorityto implementtransactionsintheClient’saccount[s]withoutseekingClientapprovaloneach transaction.
WhentheClientelectstouseFPSonanon-discretionarybasis,FPSwilldeterminethe securitiestobeboughtorsoldandtheamountofthesecuritiestobeboughtorsold.
However,FPSwillobtainpriorClientapprovaloneachandeverytransactionbefore executinganytransactions.
ParticipantAccountManagement:AspartoftheAdvisor’sWealthManagementServices, whenappropriate,theAdvisorwilluseathird-partyplatformtofacilitatemanagementof heldawayassetssuchasdefinedcontributionplanparticipantaccounts,withdiscretion.
TheplatformallowsustoavoidbeingconsideredtohavecustodyofClientfundssincewe donothavedirectaccesstoClientlog-incredentialstoaffecttrades.Wearenotaffiliated withtheplatforminanywayandreceivenocompensationfromthemforusingtheir platform(wepaythemsoClientscanusetheplatform).Alinkwillbeprovidedtothe Clientallowingthemtoconnectanaccount(s)totheplatform.OnceClientaccount(s)is connectedtotheplatform,Advisorwillreviewthecurrentaccountallocations.When deemednecessary,Advisorwillrebalancetheaccountconsideringclientinvestmentgoals andrisktolerance,andanychangeinallocationswillconsidercurrenteconomicand markettrends.Thegoalistoimproveaccountperformanceovertime,minimizeloss duringdifficultmarkets,andmanageinternalfeesthatharmaccountperformance.Client account(s)willbereviewedatleastquarterlyandallocationchangeswillbemadeas deemednecessary.
FINANCIALPLANNINGANDCONSULTINGSERVICES Iffinancialplanningservicesareapplicable,theClientwillcompensateFPSona negotiablehourlyfeebasisorfixedfeebasisdescribedindetailunder“Feesand Compensation”sectionofthisDisclosureBrochure.Servicesinclude,butarenotlimited to,athoroughreviewofallapplicabletopicsincludingcashflowandbudgeting, retirement,wills,estateplan/trusts,investments,taxes,insuranceand,collegeand divorceplanning,asapplicable.Ifaconflictofinterestexistsbetweentheinterestsofthe AdvisorandtheinterestsoftheClient,theClientisundernoobligationtoactuponthe Advisor’srecommendation[s].IftheClientelectstoactonanyrecommendation[s],the ClientisundernoobligationtoimplementthetransactionthroughFPS.Financialplans willgenerallybecompletedanddeliveredinsideofninety(90)days.
COLLEGEFINANCIALPLANNINGSERVICES BasedonClientgoalsandneeds,AdvisorshallprovideClientwithcollegefinancialplanning andadviceservices(herein“CollegeFinancialPlanningServices”)relatedtoClient’scollege planning.CollegeFinancialPlanningservicesmayincludeanalysisandrecommendations forthefollowing:
•CollegePre-Approval-Identificationofcolleges/universitiesthatmatchstudentprofile andbudget(upto10collegescan beselectedforevaluation)
•Assessstudentacademics,e.g.,grades,SAT/ACTscores,specialstudentactivities
•DetermineCostofAttendance(COA),ExpectedFamilyContribution(EFC),andNeed
•EvaluateNeed-basedvs.Merit-basedaideligibility
•AssistanceincompletingthefirstyearFAFSAandCSSProfile
•Estimateexpectedaidfromselectedcolleges/universitiesthatmatchstudentprofile
•Identificationofscholarshipopportunities
•Aplantopayforselectedcolleges/universities Collegefinancialplanningservicesinclude:
•Initialandfinalpresentationmeetings
•Writtenassessmentandrecommendationsforupto10prospectivecolleges
•Emailcommunicationsforupto12monthsafterthedateofthisagreement Collegefinancialplanningdoesnotincludecomprehensivefinancialplanning,investment management

or supervision services. These services can be provided under a separate agreement.Collegefinancialplanningonlypertainstocollegeplanning.
RETIREMENTPLANADVISORYSERVICES FPSprovidesretirementplanadvisoryandrelatedconsultingservices(herein“Plan Services”)tothesponsorsofqualifiedretirementplans(hereina“PlanSponsor”orthe “Plan”).FPSwillcustomizeitsadvicetotheneedsofeachPlanorPlanSponsor,as appropriate.FPSprovidesthefollowingretirementplanadvisoryservices.
PlanFiduciaryServices-FPSservesasa3(21)FiduciaryinsupportofthePlanSponsor.
FPSprovidesthefollowingPlanFiduciaryServicespursuanttothetermsoftheAdvisor’s agreementwitheachPlanSponsor:
• VendorAnalysis
• PlanParticipantEnrollmentandEducationTracking
• InvestmentPolicyStatement
• InvestmentMonitoring
• PerformanceReporting
• OngoingInvestmentRecommendationandAssistance
• ERISA404(c)Assistance CommunicationandEducation-FPSprovidescommunicationandeducationtothePlanand itsParticipants,pursuanttothetermsoftheAdvisor’sagreementwitheachPlanSponsor:
• Directemployeecontactbyphone,e-mailorletteruponeligibilitytopromote enrollment
• Investmenteducation
• Regularon-siteadvisorvisitswithstaffforaccountupdatesandreviews
• Periodiccompany-wideemployeesurveyofretirementplanunderstanding
• Customersatisfactionsurveys
• Periodicemployeegroupeducationopportunities DiscretionaryInvestmentAdvisoryServices–FPSmayalsoserveasadiscretionary investmentmanagertothePlanpursuanttoERISARule3(38).
RetirementAccounts–WhentheAdvisorprovidesinvestmentadvicetoClientsregarding ERISAretirementaccountsorindividualretirementaccounts(“IRAs”),theAdvisorisa fiduciarywithinthemeaningofTitleIoftheEmployeeRetirementIncomeSecurityAct (“ERISA”)and/ortheInternalRevenueCode(“IRC”),asapplicable,whicharelaws governingretirementaccounts.WhendeemedtobeintheClient’sbestinterest,the AdvisorwillprovideinvestmentadvicetoaClientregardingadistributionfromanERISA retirementaccountortorollovertheassetstoanIRA,orrecommendasimilar transactionincludingrolloversfromoneERISAsponsoredPlantoanother,oneIRAto anotherIRA,orfromonetypeofaccounttoanotheraccount(e.g.commission-based accounttofee-basedaccount).Sucharecommendationcreatesaconflictofinterestifthe Advisorwillearnanew(orincreaseitscurrent)advisoryfeeasaresultofthe transaction.Noclientisunderanyobligationtorolloveraretirementaccounttoan accountmanagedbytheAdvisor.
ClientTailoredServicesandClientImposedRestrictions ThegoalsandobjectivesforeachClientaredocumentedinClientfiles.Investment strategiesarecreatedthatreflectthestatedgoalsandobjective.Clientsmayimpose reasonablerestrictionsoninvestingincertainsecuritiesortypesofsecurities.
AgreementsmaynotbeassignedwithoutwrittenClientconsent.
WrapFeePrograms FPSdoesnotsponsoranywrapfeeprograms.
ClientAssetsunderManagement AsofDecember31,2023,FPShas$257,870,410indiscretionaryassetsundermanagement and$25,772,288innon-discretionaryassetsundermanagementforatotalof $283,642,698inassetsundermanagement.Clientsmayrequestmorecurrentinformation atanytimebycontactingtheAdvisor.