Description of Services
Financial Independence, LLC is a registered investment adviser based in Warwick, Rhode Island. We
are organized as a limited liability company under the laws of the State of Rhode Island. We have been
providing financial planning and investment advisory services since 2009. Rick W. Campbell is our
firm's principal owner.
We provide a variety of planning and advisory services that are offered separately or through a wealth
management service referred to as the Financial Independence BEST Life Planning Program, also
referred to as Wealth Management Services. These planning and advisory services, as well as the
advisory and Platform services offered through the AssetMark Platform, are described in more detail
below along with how these services are personalized to each individual client.
As used in this brochure, the words "we", "our" and "us" refer to Financial Independence, LLC and the
words "you", "your" and "client" refer to you as either a client or prospective client of our firm. Also, you
may see the term Associated Person throughout this brochure. As used in this brochure, our
Associated Persons are our firm's officers, employees, and all individuals providing investment advice
on behalf of our firm.
Wealth Management Services
Financial Planning Services
We offer broad-based, modular, and consultative financial planning services. Financial planning will
typically involve providing a variety of advisory services to clients regarding the management of their
financial resources based upon an analysis of their individual needs. If you retain our firm for financial
planning services, we will meet with you to gather information about your financial circumstances and
objectives. Once we review and analyze the information you provide to our firm, we will deliver a
written Plan Summary to you designed to help you achieve your stated financial goals and objectives.
If you require advice on a more limited set of goals and objectives or a single aspect of your finances,
we offer modular financial planning/general consulting services to address those specific areas. This
could include, but not be limited to, asset allocation recommendations on your employer-provided
retirement plans.
Financial plans are based on your financial situation at the time we present the plan to you, and on the
financial information you provide to our firm. You must promptly notify our firm if your financial situation,
goals, objectives, or needs change. Certain assumptions may be made with respect to interest and
inflation rates and use of past trends and performance of the market and economy. Past performance
is in no way an indication of future performance. We cannot offer any guarantees or promises that your
financial goals and objectives will be met.
You are under no obligation to act on our financial planning recommendations. Should you choose to
act on any of our recommendations, you are not obligated to implement the financial plan through any
of our other investment advisory services. Moreover, you may act on our recommendations by placing
securities transactions with any brokerage firm.
Investment Advisory Services
We offer advisory and Platform services through the AssetMark Platform. The AssetMark Platform is an
asset allocation program sponsored by AssetMark; an investment adviser registered with the Securities
Exchange Commission. After gathering information about your financial situation and objectives, we will
make recommendations regarding the suitability of an investment program based on factors such as
investment strategy, performance, and methods of analysis. We will recommend one or more
discretionary portfolio strategists on the AssetMark Platform for your portfolio. We periodically review
the performance of the strategists we recommend for client accounts to ensure their performance and
investment
styles remain consistent with the goals and objectives of our clients. For additional
information on the AssetMark Platform, please see the AssetMark Platform Disclosure Brochure
included in your account opening paperwork.
Pension Consulting Services
We offer pension consulting services to employee benefit plans and their fiduciaries based upon the
needs of the plan. In general, these services may include an existing plan review, asset allocation
advice, assistance with fund selection and investment options, communication and education services
to plan participants, investment performance monitoring, and/or ongoing consulting.
Pension Consulting services will be provided pursuant to the agreement entered into and within the
parameters set forth in the plan documents. Where the plan sponsor engages our firm to provide
advice to participants on an individual basis, such advice will be limited to general retirement planning
issues, fund selection and asset allocation of plan assets.
Client accounts are regulated under the Employee Retirement Income Securities Act ("ERISA"). Our
firm will provide consulting services to the plan fiduciaries as described above. Typically, the named
plan fiduciary must make the ultimate decision as to retaining the services of such investment advisers
as our firm recommends. The plan fiduciary is free to seek independent advice about the
appropriateness of any recommended services for the plan.
General - Advisory Services to Retirement Plans and Plan Participants
As disclosed above, we offer various levels of advisory and consulting services to employee benefit
plans ("Plan") and to the participants of such plans ("Participants"). Specifically, the firm provides asset
allocation models for use by plan participants directed by risk level of the participant. There are models
for participants with a low risk tolerance, medium risk tolerance and high risk tolerance. The firm does
not provide individual advice to plan participants. The services are designed to assist plan sponsors in
meeting their management and fiduciary obligations to Participants under the Employee Retirement
Income Securities Act ("ERISA"). Pursuant to adopted regulations of the U.S. Department of Labor, we
are required to provide the Plan's responsible plan fiduciary (the person who has the authority to
engage us as an investment adviser to the Plan) with a written statement of the services we provide to
the Plan, the compensation we receive for providing those services, and our status (which is described
below).
The services we provide are described above, and in the service agreement. Our compensation for
these services is described below, within Item 5, and also in the service agreement.
Status
We are registered as an investment adviser under the United States Securities and Exchange
Commission and represent that we are not subject to any disqualification as set forth in Section 411
of ERISA.
In performing Fiduciary Services, we act as a fiduciary of the Plan as defined in Section 3(21) under
the Employee Retirement Income Security Act ("ERISA") for purposes of providing non-
discretionary investment advice only.
Types of Investments
We primarily offer advice on mutual funds and exchange-traded funds ("ETFs"); however, we may also
offer advice on equity securities, corporate debt securities, municipal securities, variable life insurance,
variable annuities, and U.S. Government securities.
You may request that we refrain from investing in particular securities or certain types of securities.
You must provide these restrictions to our firm in writing, and we will determine if AssetMark can
accommodate your request.
Assets Under Management
We have the following assets under management:
Discretionary Amounts: Non-Discretionary Amounts: Date Calculated:
$ 0.00 $ 183,966,639 December 2022