Firm Description PHILLIPJAMESFINANCIAL advisory and financial planning firm registered with the Securities & Exchange Commission (SEC). PHILLIPJAMESFINANCIAL was founded in July, 2010 by its two shareholders, Phillip Christenson and James Sexton. In 2013, Investment advisory and financial planning services were made available under the assumed name PHILLIPJAMESFINANCIAL. Phillip James was founded with the idea of offering coordinated fee-only financial planning, investment advisory services and tax planning to those who have neither the desire, time, nor expertise to manage it all on their own. We believe that the fee-only model offers a better alternative to the traditional broker/dealer model by removing the inherent conflict of interest that can be associated with selling commissioned based products.
Phillip James offers asset management, financial planning, tax planning, and retirement services. We believe in a straightforward, transparent and tailored approach. We seek to minimize risk through careful diversification and selection of appropriate investment vehicles within various asset classes. Phillip James is strictly a fee-only financial planning firm. The firm does not sell commissioned financial products or securities.
needs, and risk profile to create an appropriate plan to help achieve these goals. We provide the client with the necessary information and guidance in order to determine the best asset allocation. with their objectives and are still on track to achieve previously stated goals. These reviews may be brought about by many different factors such as market, economic or political events, or by changes in the client's financial situation. An initial meeting is always held at the beginning of any client relationship in order to determine if it will be mutually beneficial to both the client and Phillip James. There is no charge for this meeting.
Assets under direct management of Phillip James as of December 31st2023, were $166,541,000 of which $164,671,000 are discretionary. The majority of these assets are held by the independent custodian Charles Schwab & Co., Inc. (Schwab), an SEC Registered broker-dealer and FINRA member firm. Phillip James also manages held-away accounts (401(k)s, 403(b)s, etc.) for clients. The custodian for those assets is selected by the plan administrator. The client always maintains asset control. Phillip James places trades for clients under an Investment Advisor Account Access Agreement. Other custodians may be Retirement Plan and Account Services 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 interest, 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.
Owners Our two shareholders are equal owners of the firm, each with 50%. The owners are: Phillip R. ChristensonJames L. Sexton Types of Advisory Services circumstances, and risk profile. We are able to provide these services as part of a comprehensive plan designed around each client's specific needs. Our investment management process involves a review of a client's risk tolerance to ensure their portfolio is aligned with their expectations of risk and return. Our financial planning process involves collecting client's relevant financial information, creating a cash flow & retirement plan and full investment analysis including the client's complete risk profile. A client portfolio is created based on this analysis which is monitored and adjusted if a client's goals, circumstances, or risk profile change.
Our financial planning process is achieved through a series of meetings, starting with a discovery meeting. During this provides the client with a financial plan specifically designed for their individual needs.
As a benefit to our clients, Phillip James provides tax preparation services which are optional and are charged separately.
We provide this service under the assumed name PJF Tax. This is identified as a potential conflict of interest as we receive compensation for rendering these services to clients. Tailored Relationships We believe one of the most important decisions an investor makes is determining Asset Allocation the balance between includes a clear understanding of: Risk Capacity future cash flow needs.
Risk Tolerance the amount of risk a client is willing to take. This is the subjective, emotional aspect of investing.
Risk Demand Clients have the opportunity to place reasonable restrictions or constraints on the way their accounts are managed. Investment Advisory Agreement -term engagement.
Hourly Planning Engagements Phillip James does not offer hourly financial planning engagements. Termination of Agreement A client may terminate the Investment Advisory agreement at any time by notifying Phillip James in writing. We will refund any unearned portion of any prepaid management fees.
Phillip James may terminate the Investment Advisory agreement at any time by notifying the client in writing. We will refund any unearned portion of any prepaid management fees.