Firm Description Financial Network Wealth Advisors LLC d/b/a Plan 4 Wealth is a registered investment adviser primarily based in Murray, UT. We are organized as a limited liability company ("LLC") under the laws of the State of Utah. We have been providing investment advisory services since April 2022. Michael Bell is 51% owner and Darin Arnell is 49% owner. Darin Arnell is the Chief Compliance Officer.
Types of Advisory Services Asset Management Services FNWA offers discretionary and non-discretionary asset management services to advisory Clients.
FNWA will offer Clients ongoing asset management services through determining individual investment goals, time horizons, objectives, and risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring and the overall investment program will be based on the above factors.
Discretionary When the Client provides FNWA discretionary authority the Client will sign a limited trading authorization or equivalent. FNWA will have the authority to execute transactions in the account without seeking Client approval on each transaction.
Non-Discretionary When the Client elects to use FNWA on a non-discretionary basis, FNWA will determine the securities to be bought or sold and the amount of the securities to be bought or sold. However, FNWA will obtain prior Client approval on each and every transaction before executing any transaction.
When deemed appropriate for the Client, FNWA hires TownSquare Capital, LLC, a Sub-Advisor, to manage all or a portion of the assets in the Client account. FNWA has full discretion to hire and fire Sub-Advisors as they deem suitable. Sub-Advisors will maintain the models or investment strategies agreed upon between Sub-Advisor and FNWA. Sub-Advisors execute trades on behalf of FNWA in Client accounts. FNWA will be responsible for the overall direct relationship with the Client. FNWA retains the authority to terminate the Sub-Advisor relationship at FNWA's discretion.
ERISA Plan Services FNWA provides service to qualified retirement plans including 401(k) plans, 403(b) plans, pension and profit-sharing plans, cash balance plans, and deferred compensation plans. FNWA may act as a 3(21) advisor: Limited Scope ERISA 3(21) Fiduciary . FNWA may serve as a limited scope ERISA 3(21) fiduciary that can advise, help and assist plan sponsors with their investment decisions. As an investment advisor FNWA has a fiduciary duty to act in the best interest of the Client. The plan sponsor is still ultimately responsible for the decisions made in their plan, though using FNWA can help the plan sponsor delegate liability by following a diligent process.
1. Fiduciary Services are:
•Provide investment advice to the Client about asset classes and investment alternatives available for the Plan in accordance with the Plan's investment policies and objectives. Client will make the final decision regarding the initial selection, retention, removal and addition of investment options. FNWA acknowledges that it is a fiduciary as defined in ERISA section 3 (21) (A) (ii). 4
•Assist the Client in the development of an investment policy statement ("IPS"). The IPS establishes the investment policies and objectives for the Plan. Client shall have the ultimate responsibility and authority to establish such policies and objectives and to adopt and amend the IPS.
•Provide investment advice to the Plan Sponsor with respect to the selection of a qualified default investment alternative for participants who are automatically enrolled in the Plan or who have otherwise failed to make investment elections. The Client retains the sole responsibility to provide all notices to the Plan participants required under ERISA Section 404(c) (5) and 404(a)- 5.
•Assist in monitoring investment options by preparing periodic investment reports that document investment performance, consistency of fund management and conformance to the guidelines set forth in the IPS and make recommendations to maintain, remove or replace investment options.
•Meet with Client on a periodic basis to discuss the reports and the investment recommendations. 2. Non-fiduciary Services are:
•Assist in the education of Plan participants about general investment information and the investment alternatives available to them under the Plan. Client understands FNWA's assistance in education of the Plan participants shall be consistent with and within the scope of the Department of Labor's definition of investment education (Department of Labor Interpretive Bulletin 96-1). As such, FNWA is not providing fiduciary advice as defined by ERISA 3(21)(A)(ii) to the Plan participants. FNWA will not provide investment advice concerning the prudence of any investment option or combination of investment options for a particular participant or beneficiary under the Plan.
•Assist in the group enrollment meetings designed to increase retirement plan participation among the employees and investment and financial understanding by the employees. 3. FNWA may provide these services or, alternatively, may arrange for the Plan's other providers to offer these services, as agreed upon between FNWA and Client.
FNWA has no responsibility to provide services related to the following types of assets ("Excluded Assets"):
•Employer securities;
•Real estate (except for real estate funds or publicly traded REITs);
•Stock brokerage accounts or mutual fund windows;
•Participant loans;
•Non-publicly traded partnership interests;
•Other non-publicly traded securities or property (other than collective trusts and similar vehicles); or
•Other hard-to-value or illiquid securities or property. Excluded Assets will not be included in calculation of Fees paid to FNWA

on the ERISA Agreement.
Specific services will be outlined in detail to each plan in the 408(b)2 disclosure.
5 Financial Planning and Consulting Services Financial planning services include a comprehensive evaluation of an investor's current and future financial state and will be provided by using currently known variables to predict future cash flows, asset values and withdrawal plans. FNWA will use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing financial plans.
Typical topics reviewed in a financial plan may include but are not limited to:
•Financial goals: Based on an individual's or a family's clearly defined financial goals, including funding a college education for the children, buying a larger home, starting a business, retiring on time or leaving a legacy. Financial goals should be quantified and set to milestones for tracking.
•Personal net worth statement: A snapshot of assets and liabilities serves as a benchmark for measuring progress towards financial goals.
•Cash flow analysis: An income and spending plan determines how much can be set aside for debt repayment, savings and investing each month.
•Retirement strategy: A strategy for achieving retirement independent of other financial priorities. Including a strategy for accumulating the required retirement capital and its planned lifetime distribution.
•Comprehensive risk management plan: Identify all risk exposures and provide the necessary coverage to protect the family and its assets against financial loss. The risk management plan includes a full review of life and disability insurance, personal liability coverage, property and casualty coverage, and catastrophic coverage.
•Long-term investment plan: Include a customized asset allocation strategy based on specific investment objectives and a risk profile. This investment plan sets guidelines for selecting, buying and selling investments and establishing benchmarks for performance review.
•Tax reduction strategy: Identify ways to minimize taxes on personal income to the extent permissible by the tax code. The strategy should include identification of tax-favored investment vehicles that can reduce taxation of investment income.
•Estate preservation: Help update accounts, review beneficiaries for retirement accounts and life insurance, provide a second look at your current estate planning documents, and prompt you to update your plan when the legal environment changes or you have major life events such as a marriage, death, or births. If a conflict of interest exists between the interests of FNWA and the interests of the Client, the Client is under no obligation to act upon FNWA's recommendation. If the Client elects to act on any of the recommendations, the Client is under no obligation to effect the transaction through FNWA. Financial plans will be completed and delivered inside of thirty (30) days contingent upon timely delivery of all required documentation.
Client Tailored Services and Client Imposed Restrictions The goals and objectives for each Client are documented in our Client files. Investment strategies are created that reflect the stated goals and objectives. Clients may impose restrictions on investing in certain securities or types of securities.
Wrap Fee Programs FNWA does not sponsor any wrap fee programs.
6 Types of Investments We offer advice on equity securities, corporate debt securities (other than commercial paper), certificates of deposit, municipal securities, mutual fund shares, United States government securities, money market funds, structured products and ETFs.
Additionally, we may advise you on various types of investments based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or conflicting with the advice we give to other clients regarding the same security or investment.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. 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 interests, 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. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
Client Assets Under Management As of September 1, 2023, we provide continuous management services for $270,962,140 in client assets on a discretionary basis, and $5,755,933 in client assets on a non-discretionary basis.