A The AmeriFlex Group®, Inc. (“AmeriFlex®”) is a Nevada corporation founded in 2019 by
its Chief Executive Officer, Thomas J. Goodson. The firm is registered as an investment
advisor with the SEC. Our principal offices are located in Las Vegas, Nevada.
The information contained in this brochure describes our investment advisory services,
practices, and fees. Please refer to the description of each investment advisory service listed
below for information on how we tailor our services to the needs of our clients. As used
throughout this firm brochure, the words “AmeriFlex®,” “firm,” “we,” “our,” and “us”
refer to The AmeriFlex Group®, Inc. and its investment advisor representatives (“IARs”),
and the words “you,” “your,” and “client” refer to you as either a client or prospective
client of our firm.
Our investment advisory services are coordinated and delivered through a network of
advisory affiliates (“Advisory Affiliates”), some of whom may conduct investment
advisory business under their own independently owned business entity name or trade
name. In these instances, the Advisory Affiliate’s business entity name, trade name and/or
logo will be used exclusively for marketing purposes, and the investment advisory services
you receive from the Advisory Affiliate will be provided through AmeriFlex®.
Specifically, the underlying financial advisors of each Advisory Affiliate are registered as
IARs of AmeriFlex®. The Advisory Affiliate’s underlying business entity is independently
owned and operated, not a registered investment advisor, and is not affiliated with
AmeriFlex®.
Prior to forming an investment advisor-client relationship, we may offer a complimentary
general consultation to discuss the nature of our service offerings and to determine the
possibility of a potential advisory relationship. Investment advisory services begin only
after the client and AmeriFlex® formalize their relationship in a written advisory
agreement.
B C We offer a variety of investment advisory services to clients. Our investment advice is
custom tailored according to each client’s unique investor profile.
As described in further detail below in this Item 4, clients may engage certain of
AmeriFlex®’s advisory services on either a discretionary or non-discretionary basis. Where
you elect to grant us discretionary authority, you authorize us to implement our investment
recommendations directly within your account without obtaining your specific consent
prior to each transaction. The full scope of our discretionary authority is set forth in a
written advisory agreement with the client. Where you elect to engage us on a non-
discretionary basis, you are free to accept or reject any of our investment recommendations
and we will only implement our investment recommendations within your account after
receiving your approval to do so. However, we will have the authority to periodically
rebalance your account to maintain the initially agreed upon asset allocation without your
consent. Please see Item 16 of this brochure for more information on our investment
discretion policy.
Clients always have the ability to impose reasonable restrictions on our management of
their account(s), including the ability to instruct us not to purchase certain specific
securities, types of securities, industry sectors, and/or asset classes. All such requests must
be provided to us in writing. While we generally attempt to accommodate client account
restrictions, we reserve the right to reject such limitations if we determine that they would
frustrate our management of your account or where we otherwise determine they cannot
be reasonably accommodated for any other reason, in our sole discretion. We will advise
you promptly if we cannot accommodate your investment restrictions.
Our Advisory Affiliates may offer some or all of the following investment advisory
services:
Portfolio Management Services - VISION2020 Wealth Management Platform. We
offer our clients ongoing and continuous portfolio management services under the
“VISION2020 Wealth Management Platform,” sponsored by VISION2020 Wealth
Management Corporation (“Vision2020”) (CRD No. 154149), an SEC registered
investment advisor which is not affiliated with our firm. We refer to this collection of
advisory programs as the “WMP Programs” throughout this brochure.
When you engage us for these services we will consult with you at inception and
periodically thereafter throughout our relationship to gather information regarding your
financial goals, investment objectives, tolerance for risk, and time horizon for investments.
The information we typically request during this data gathering process will include your
current and expected income level, tax information, investment experience, current and
expected cash needs, and your current portfolio construction and asset allocation, among
other items. Based on our analysis of this information, we will then recommend one of the
following WMP Programs:
• Advisor Managed Portfolios. The Advisor Managed Portfolios Program (“Advisor
Managed Portfolios”) provides comprehensive investment management of your
assets through the application of asset allocation planning software. Advisor
Managed Portfolios provides risk tolerance assessment, efficient frontier plotting,
fund profiling and performance data, and portfolio optimization and re-balancing
tools. Utilizing these tools and our understanding of your investment profile, we
construct a portfolio of investments for you. We will have the option to allocate
your portfolio amongst a mix of stocks, bonds, options, exchange traded funds
(“ETFs”), mutual funds and other securities which are based on your investment
goals, objectives, and risk tolerance. This program is offered, at the client’s
election, either on a discretionary or non-discretionary basis.
• Genesis Model Portfolios and Unified Managed Accounts/Separately Managed
Accounts. The Genesis Model Portfolios Program (“Genesis Model Portfolios”)
offers you managed asset allocation models (“Asset Allocation Models”)
containing mutual funds, ETFs, or a combination thereof, diversified across various
investment styles and strategies. The Asset Allocation Models are constructed by
managers (each a “Program Manager”) such as BlackRock Investment
Management, LLC and Vanguard Advisers, Inc. This service is offered, at the
client’s election, either on a discretionary or non-discretionary basis.
The Unified Managed Account/Separately Managed Account Program
(collectively, the “UMA Portfolios”) provides you with the opportunity to invest
your assets across multiple investment strategies and asset classes by implementing
an asset allocation strategy. The asset allocation models we may recommend under
this program may incorporate some or all of the following: (i) the use of third party
Program Managers who will manage your portfolio pursuant to a pre-determined
equity or fixed income model or investment strategy; (ii) mutual funds; or (iii) ETFs
(individually or collectively, “UMA Investments”). Your UMA Investments will
be managed according to the selected asset allocation model and will be managed
in one or a series of separately managed accounts (collectively, “SMA”) or in a
single unified managed account (“UMA”). Depending on the account structure
selected by the client, these services may be provided either on a discretionary or
non-discretionary basis.
Irrespective of the WMP Program selected, we will monitor the performance of your
portfolio on an ongoing basis and implement and/or recommend changes within your
account as needed or appropriate, in consideration of current economic conditions, our
market opinions and assumptions, and your individual financial circumstances and goals.
Clients are advised to promptly notify us if there are changes in their financial situation,
needs and objectives which might necessitate an adjustment to their portfolio.
For further details related to the nature of the services and fees associated with participation
in any of the WMP Programs, please see the separate written brochures related to each
prepared by the WMP Program’s sponsor, Vision2020. We will provide copies of these
separate brochure(s) to you prior to or concurrent with your enrollment in any of the WMP
Programs. Please read each applicable brochure thoroughly before investing. You may
contact us or Vision2020 if you have any questions regarding the WMP Programs.
Third Party Money Manager Selection and Monitoring Services. We offer Third Party
Money Manager Selection and Monitoring Services that are tailored to your unique
financial profile. We will consult with you and review your overall financial circumstances
and determine an appropriate set of investment goals, your investment time horizon, and
level of risk tolerance. We will also inquire regarding any investment restrictions or
limitations you wish to place on the management of your account by any independent third
party money managers (each a “TPMM”) we may recommend to you. We will use the
information gathered during our consultation(s) to recommend appropriate TPMM(s) for
management of all or a portion of your investment portfolio. The particular TPMM(s)
recommended will depend on your financial circumstances, goals and objectives, desired
investment strategy, account size, risk tolerance, and/or other factors. Our IARs will work
collaboratively with each client to determine which TPMM(s) may be appropriate. The
Client always makes the final decision with respect to the engagement or termination of
any recommended TPMM(s).
AmeriFlex® (or a third party retained by AmeriFlex®) shall conduct due diligence on each
recommended TPMM prior to making a recommendation to the client. In its review of
prospective TPMM’s, AmeriFlex® shall consider among other factors, the prospective
TPMM’s fees and reputation, past performance, financial strength, management, and
reporting capabilities, in conjunction with the client’s financial profile. After such due
diligence is completed, the IAR shall present the client with his or her recommendations
to engage one or more TPMM(s) and arrange for the delivery of each recommended
TPMM’s firm brochure (typically in the form of Form ADV Part 2A) to the client. Clients
are encouraged to carefully read and understand this document and to address any
questions or concerns with us and/or the recommended TPMM(s) before engaging them
for advisory services.
If the client wishes to engage any of the recommended TPMM(s), the IAR shall serve as a
“co-advisor” to the client’s account together with the recommended TPMM(s). Under this
arrangement, the TPMM(s) will be granted discretionary authority to trade the client’s
account and shall be responsible for portfolio management, best execution, portfolio
reporting, trading, trade error resolution, and custodian reconciliations (all of which shall
be provided in accordance with the TPMM’s firm brochure). The IAR shall maintain an
ongoing advisory relationship with the client and act as a “manager of managers” on the
client’s behalf, monitoring the investment performance of the TPMM(s) engaged by client,
making recommendations regarding the termination or reallocation of assets between and
among TPMM(s), consulting with the client and the TPMM(s) periodically as required or
appropriate, and generally acting as the client’s primary advisor.
As a result of AmeriFlex® and the TPMM having different roles, the client shall typically
engage each in a separate written agreement. The client will enter a “Selection of Third
Party Investment Advisory Services Agreement” with AmeriFlex®. This agreement
outlines the ongoing services to be provided to the client by AmeriFlex® and the
fees
associated with those services. It will also allow AmeriFlex® the ability to monitor
performance of the TPMM(s) on behalf of the client. The client will also sign a separate
written advisory agreement with the selected TPMM(s) that will detail its/their separate
services and advisory fees.
Financial Planning and Consulting Services. We offer traditional Financial Planning and
Consulting Services that are tailored to assist our clients in the management of their
financial affairs based on the client’s unique financial situation and assets, risk profile,
investment time horizon, and investment goals. These services may encompass advice
regarding, without limitation, some or all of the following financial topics:
• Cash Flow and Debt;
Analysis/Budgeting;
• Asset Protection Strategies;
• Insurance Coverage/Planning Analysis;
• Business Succession/Multi-
Generational Planning;
• Retirement and Educational Funding;
• Major Purchase Planning and Advice;
• Executive Compensation
Optimization;
• Stock Option Analysis;
• Wealth Management, Asset
Allocation, and Investment Portfolio
Review;
• Retirement Income Planning;
• Estate Planning;
• Tax Mitigation Strategies;
• Marriage and Divorce Transition
Planning;
• Charitable Giving; and
• Estate Settlement.
Our written financial plans typically include general recommendations for a course of
activity or specific actions to be taken by the client with respect to the covered financial
topics. For example, recommendations may be made that the client begin or revise certain
investment programs, create or revise wills or trusts, obtain or revise insurance coverage,
commence or alter retirement savings, or establish education savings or charitable giving
programs. The client is provided with a written summary of their financial situation, our
observations, and financial planning recommendations. For topic specific consulting
engagements, we will provide the client with a shorter written report or checklist
summarizing our observations and recommended actions for the client to address the
selected financial topics.
Our Financial Planning and Consulting Services are provided to you on a non-
discretionary basis – you always retain the sole discretion to accept or reject our investment
recommendations, in whole or in part – and the responsibility to implement such
recommendations utilizing the service providers of your choice. Unless otherwise agreed,
the client is solely responsible for the monitoring of the client’s investments under this
service. The client is never under any obligation to use AmeriFlex® or any of its
representatives to implement any of the financial planning and consulting advice provided.
Our Financial Planning and Consulting Services may include recommendations that the
client engage certain third-party professionals, for example, attorneys, accountants, and
insurance agents. We do not provide you with any legal, tax, or accounting advice, opinions
or documents. We are not liable for the acts, errors or omissions of any recommended third-
party providers and do not receive any compensation in connection with referring our
clients to any third-party providers.
Our Financial Planning and Consulting Services are available either on an annual (retainer)
basis or on a one-time (per project) basis. For annual financial planning engagements, we
will deliver an initial written financial plan and meet with the client at least once annually
thereafter to review the plan, track the client’s progress towards his or her financial goals,
and update the plan accordingly. For one-time financial planning/topical consulting
engagements, the client may select a discrete financial topic or topics upon which they
would like to receive our financial advice. Once the written financial report or checklist
covering the selected topics is delivered to the client, the engagement is concluded and no
further update or review of the financial report or checklist is provided unless specifically
requested by the client, subject to the client’s payment of additional fees.
One-time Financial Planning and Consulting Services engagements are typically
completed within six (6) months of your engagement of our services, assuming that all the
information and documents we request from the client are provided to us promptly.
Non-Discretionary Advisory Services. We offer Non-Discretionary Advisory Services
that are tailored to assist our clients in the management of their financial accounts and
affairs. Our Non-Discretionary Advisory Services are offered on a one-time, ongoing, or
periodic basis and include the following offerings:
• Investment Portfolio Monitoring: We will periodically monitor your portfolio(s)
and provide investment advice on a non-discretionary basis to you via telephone,
e-mail, and/or in-person. Investment advice may cover recommendations for asset
allocation, investment portfolio construction, investment selection, investment
advisor retention, or other services as selected by the client
• Financial Consulting: We will assist you in determining your personal financial
goals and objectives and offer our recommendations regarding the allocation of
your present financial resources among different types of assets.
• Review of Accounts: We will perform an annual review and consultation of
selected investment accounts and recommend appropriate changes to your
investments and recommendations for implementation of such proposed changes.
• Securities Research: We will perform investment research and provide advice with
respect to specific securities, industries, or market sectors as specified by the client.
Our Non-Discretionary Advisory Services may include recommendations that the client
engage certain third-party professionals, for example, attorneys, accountants, and
insurance agents. We do not provide you with any legal, tax, or accounting advice, opinions
or documents. We are not liable for the acts, errors or omissions of any recommended third-
party providers and do not receive any compensation in connection with referring our
clients to any third-party providers.
Retirement Plan Consulting Services. We offer Retirement Plan Consulting Services to
employee benefit plans (each a “Plan”) and their fiduciaries based upon the needs of the
Plan and the services requested by the plan sponsor or named fiduciary. At the client’s
option and depending on the client’s needs, we can be engaged for these services on a
discretionary or non-discretionary basis. Our IARs do not provide legal, tax, accounting or
actuarial advice of any kind as part of these services. It is the Plan’s responsibility to ensure
that the Plan’s investment policy statement (“IPS”) and asset allocation choices comply
with any legal, actuarial or other requirements that apply to the Plan and that the Plan meets
tax qualification requirements.
Our Retirement Plan Consulting Services are customized to suit the client, and may include
some or all of the following, at the client’s election: discretionary investment management
services, non-discretionary investment advice to the Plan and/or its participants; IPS
development assistance; plan menu design; review/selection of qualified default
investment alternatives; review/selection of designated investment alternatives,
recommendation and monitoring of investment options; evaluation of company stock (as
an investment option); plan investment objective review; investment monitoring and
reporting; plan design analysis; evaluation of service providers and preparation of requests
for service; contract negotiation support; ongoing plan operation support; benchmarking
studies and reviews; service provider monitoring; service provider transition/plan
conversion support; participant education and communication strategy; employee
education meetings; group and individual enrollment meetings; participant phone and e-
mail support; delivery of plan communications; review of plan progress against education
strategy goals; fiduciary education services to plan committee; attendance and support for
plan committee meetings; review of plan committee governance and structure; review of
Employee Retirement Income Securities Act of 1974 (“ERISA”) compliance; review of
bonding and insurance coverage; and development and maintenance of plan fiduciary file.
NOTE: Certain plans/clients that we may provide services to are regulated under ERISA.
We will provide Retirement Plan Consulting Services to the plan sponsor and/or fiduciaries
as described above for the fees set forth in Item 5 of this brochure. The consulting services
we provide are advisory and may be either discretionary or non-discretionary in nature. In
providing services to any Plan and its underlying participants, our status is that of an
investment advisor registered with the SEC. We are not subject to any disqualifications
under Section 411 of ERISA. In performing fiduciary services for the client, if any, we are
acting as a “fiduciary” of the plan as defined in Section 3(21) under ERISA, and in certain
instances, as an “investment manager” as defined in Section 3(38) under ERISA. In all
cases, our status under ERISA is clearly disclosed in a written advisory agreement. If there
is any discrepancy between the disclosures in this paragraph and the agreement, the
agreement shall govern.
D Wrap Fee Programs. The WMP Programs are offered as wrap fee programs, wherein no
separate transactions charges apply and a single fee is paid to cover the costs of our
advisory services and the transactions in your account. For further details related to the
nature of the services and fees associated with participation in the WMP Programs, please
see the separate written brochures related to each prepared by the WMP Program’s sponsor,
Vision2020. We will provide copies of these separate brochure(s) to you prior to or
concurrent with your enrollment in any of the WMP Programs. Please read each applicable
brochure thoroughly before investing. You may contact us or Vision2020 if you have any
questions regarding the WMP Programs.
Types of Investments Recommended. While we do not recommend one particular type of
investment or asset class over any other, we primarily advise our clients regarding
investments in equity securities (stocks), mutual funds, ETFs, REITs, corporate debt
securities (bonds), and variable products (life insurance and annuities), and the engagement
of suitable TPMMs and/or Program Managers (in the context of the WMP Programs).
Depending on the client’s financial circumstances, our investment advice may also concern
other instruments, including, without limitation, options on equity securities, municipal
securities, exchange traded notes, money market accounts, and U.S. government securities,
among others. We may also provide advice on any type of “legacy investments” held in
the client’s portfolio at the inception of our advisory relationship.
Cash holdings are at times utilized within IARs’ investment strategies for clients with
generally more conservative investor profiles where securities, bonds, or other investment
choices may not be appropriate. Cash holdings are also typically utilized within IARs’
active/tactical investment management strategies for temporary liquidity purposes until an
appropriate security position(s) can be identified and purchased.
Please see Item 8 of this brochure or a description of the investment strategies we typically
implement in client accounts.
E Assets Under Management. As of December 2023, we managed approximately
$2,368,212,073 of client assets on a non-discretionary basis and $4,154,175,147 of client
assets on a discretionary basis.