Firm Description
Advisor Financial Services, Inc, formerly known as David C. Luck, CPA PC is an investment
advisor providing investment advisory services on a discretionary basis for a variety of clients,
including individuals, corporations, limited liability companies (LLCs), pension and profit
sharing plans, trusts, estates, and charitable organizations. The Firm also provides clients with
an opinion regarding the suitability of their current investment strategy as well as the
investments selected to achieve those stated objectives without further management. In
addition, the Firm also provides tax advice including income tax preparation, where suitable,
and limited accounting and bookkeeping services. The Firm David C. Luck, CPA PC, was
founded in 1995 as a Professional Corporation and immediately began offering financial
planning and investment advice. On November 12, 2013, David Luck filed a new Certificate
Incorporation, as Advisor Financial Services, Inc. which continues to offer the tax, investment
and financial planning services. David C. Luck has been and continues to be the sole owner and
officer of both corporations.
On January 1, 2015, Advisor Financial Services, Inc. opened a second office in Glen Allen
Virginia and provides the same services at this location.
Advisor Financial Services, Inc. is registered with the SEC as an Investment Advisor
Principal Owner:
The Firm’s principal owner is David C. Luck, CEO and Chief Investment Officer.
Types of Advisory Services
The Firm offers the following types of advisory services upon specific client request: financial
planning, portfolio management, investment advices, tax preparation, tax planning and
business consulting to its clients. Clients may include individuals, corporations, limited liability
companies (LLCs), pension and profit sharing plans, trusts, estates, and charitable
organizations.
Investment Advisory Services
The Firm provides investment advisory services, defined as giving continuous advice to a
client, and selecting investments for a client based on the individual needs of the client.
Through personal discussions and or questionnaires, goals and objectives are established
based on a client’s particular circumstances. If necessary, the Firm may assists the client in
developing a personal investment policy, and then create and manage the client’s portfolio
based on that policy. The interview(s) may also include, but are not limited to, a discussion of
the goals of the client, use of written questionnaires, review of client’s current financial
position, income tax effects, tolerance to risk, family specifics, values and health information as
well as a discussion of employer sponsored plans, where applicable.
Each client is advised that
it will remain his/her responsibility to promptly notify the Firm of any changes to their
respective financial situation and consequently, their investment objectives. The Firm uses
standardized models and assigns each client to a model based on the clients investment
objectives or policy. Investment strategies generally include long-term and short-term
purchases depending upon the individual needs of the client. The Firm uses asset allocation,
or spreading investments among a number of asset classes and sectors (domestic stocks vs.
foreign stocks; large cap stocks vs. small cap stocks; corporate bonds vs. government
securities) for most client portfolios.
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The Firm offers selective financial planning services at the clients specific request, which may
include a review of all aspects of a client’s current financial situation, including the following
components: cash management, risk management, insurance, education funding, goal setting,
retirement planning, estate and charitable gift planning, tax planning, and capital needs
planning. The Firm meets with the client to review risk tolerance, financial goals and
objectives, and time horizons. Additional meetings may include a review of additional
financial information; sources of income, assets owned, existing insurance, liabilities,
wills, trusts, business agreements, tax returns, investments, and personal and family
obligations.
Financial planning services requested by the client may be comprehensive, or may focus on
certain components. Clients understand that when The Firm is engaged to address only certain
components, the client’s overall financial and investment issues may not be taken into
consideration.
Tailored Relationships
The Firm may, at the clients specific request, tailor investment advisory services to the
individual needs of the client. The goals and objectives for each client are documented. Clients
are allowed to impose restrictions on the investments in their account. The Firm may, at it’s
sole discretion, accept any reasonable limitation or restriction to its discretionary authority on
the account placed by the client. All limitations and restrictions placed on accounts must be
presented to the Firm in writing.
Wrap Fee Programs
The Firm does not participate in any Wrap Fee Programs.
Client Assets
As of December 31, 2022, The Firm manages approximately $31.3 million in assets that are
managed on a discretionary basis; approximately $1.8 million in assets that are managed on a
non-discretionary basis; for a total of approximately $33. million in total assets under
management.
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