FAM offers a variety of advisory services, which include financial planning, consulting, and investment
management services. Prior to FAM rendering any of the foregoing advisory services, clients are required
to enter into one or more written agreements with FAM setting forth the relevant terms and conditions of
the advisory relationship (the “Advisory Agreement”).
FAM has been registered as an investment adviser since 1986 and is owned by Scott M. Kahan and Viktoria
Kamin. As of December 31, 2023, FAM had $341,301,033 assets under management, $303,282,169 of
which was managed on a discretionary basis and $38,018,864 of which was managed on a non-discretionary
basis.
While this brochure generally describes the business of FAM, certain sections also discuss the activities of
its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons occupying a
similar status or performing similar functions), employees or other persons who provide investment advice
on FAM’s behalf and are subject to the Firm’s supervision or control.
Financial Planning is the process of meeting your life goals through the development and proper
management of your financial resources. Life goals may include buying a home, saving for college,
planning for retirement, or wealth accumulation. The Firm’s services include both Financial Planning and
Investment Management on an ongoing basis.
Financial Planning and Consulting Services
Financial planning is an all-inclusive process, requiring review and analysis of all aspects of a client’s
financial situation that can include: Cash Flow; Tax Planning; Retirement Planning; Education Planning;
Estate Planning; Investment Analysis; and Insurance Review.
The financial planning process consists of a series of steps taken to help the client accomplish their goals.
1. FAM works with the client to identify their objectives;
2. FAM gathers the information pertinent to the client’s overall financial situation such as income,
expenses, taxes, insurance coverage, retirement plans, investments, wills and trusts;
3. FAM reviews the client’s current financial situation based upon the information gathered;
4. FAM provides recommendations and strategies for achieving the client’s goals;
5. FAM assist the client in implementing the recommendations;
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6. FAM monitor the plan on an on-going basis for needed changes
In performing these services, FAM is not required to verify any information received from the client or
from the client’s other professionals (e.g., attorneys, accountants, etc.,) and is expressly authorized to rely
on such information. FAM recommends certain clients engage the Firm for additional
related services
and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest
exists for the Firm to recommend that clients engage FAM to provide (or continue to provide) additional
services for compensation, including investment management services. Clients retain absolute discretion
over all implementation of financial planning and consulting decisions and are under no obligation to act
upon any of the recommendations made by FAM. Clients are advised that it remains their responsibility to
promptly notify the Firm of any change in their financial situation or investment objectives for the purpose
of reviewing, evaluating or revising FAM’s recommendations and/or services.
Investment Management Services
FAM provides clients with discretionary and/or non-discretionary management of investment portfolios
along with the broad range of financial planning and consulting services discussed above.
FAM primarily allocates client assets among various mutual funds, exchange-traded funds (“ETFs”),
individual debt and equity securities, commercial paper, and certificates of deposit in accordance with their
stated investment objectives.
Where appropriate, the Firm also provides advice about any type of legacy position or other investment
held in client portfolios, but clients should not assume that these assets are being continuously monitored
or otherwise advised on by the Firm unless specifically agreed upon. These positions may not be maintained
at the client’s primary custodian, such as variable life insurance and annuity contracts and assets held in
employer sponsored retirement plans and qualified tuition plans (i.e., 529 plans). These assets are generally
maintained at the underwriting insurance company or the custodian designated by the product’s provider.
FAM tailors its advisory services to meet the needs of its individual clients and seeks to ensure, on a
continuous basis, that client portfolios are managed in a manner consistent with those needs and objectives.
FAM consults with clients on an initial and ongoing basis to assess their specific risk tolerance, time
horizon, liquidity constraints and other related factors relevant to the management of their portfolios.
Clients are advised to promptly notify FAM if there are changes in their financial situation or if they wish
to place any limitations on the management of their portfolios. Clients can impose reasonable restrictions
or mandates on the management of their accounts if FAM determines, in its sole discretion, the conditions
would not materially impact the performance of a management strategy or prove overly burdensome to the
Firm’s management efforts.
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