Planned Solutions Financial and Insurance Services, Inc. (DBA "Planned Solutions, Inc.") is an
SEC-registered investment adviser with its principal place of business located in California.
Planned Solutions, Inc. began conducting business as a registered investment adviser in 1988.
Listed below are the firm's principal shareholders (i.e., those individuals and/or entities
controlling 25% or more of this company):
Chase Armer, CFP®, CFA®, EA
Planned Solutions, Inc. ("PSI") offers the following advisory services to our clients:
PORTFOLIO MANAGEMENT - Discretionary Asset Management
Our firm provides portfolio management services to clients, primarily using model asset
allocation portfolios. Each model portfolio is designed to meet a particular investment goal.
We ask clients to provide detailed financial information and other pertinent data to help us
work with them in determining their risk tolerance, time horizons, liquidity needs, investment
goals, tax situation, financial status, and other relevant investment guidelines. Through these
personal discussions, in which the client’s goals and objectives are established, we will
determine which model portfolio or portfolios are suitable to the client’s circumstances. Once
an appropriate portfolio has been determined, the portfolio is continuously managed based on
the portfolio's goal, rather than on each client's individual needs. As a discretionary account,
we will direct the investments and reinvestment of the assets in the client’s account. Clients,
nevertheless, will have the opportunity to place reasonable restrictions on the types of
investments to be held in their account and the account supervision will be guided by the
stated objectives of the client. In some cases, the client’s account allocation is customized due
to unique goals and/or restrictions. These accounts are reviewed by the advisor not less than
annually. The client retains individual ownership of all securities.
Our investment recommendations are not limited to any specific product or service offered by
a broker dealer or insurance company and will generally include advice including, but not
limited to, the following securities:
• Mutual fund shares
• Exchange Traded Funds (ETFs)
• Exchange-listed securities
• Securities traded over-the-counter
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• United States governmental securities
Because some types of investments involve certain additional degrees of risk, they will only be
implemented/recommended when consistent with the client's stated investment objectives,
tolerance for risk, liquidity, and suitability, as reflected in the model portfolio selected for the
client's account.
To ensure that our initial determination of an appropriate portfolio remains suitable and that
the account continues to be managed in a manner consistent with the client's financial
circumstances, we will:
• at least annually, contact each managed client (in person, by phone, mail, or email) to
determine whether there have been any changes in their financial situation or investment
objectives, and whether they wish to impose investment restrictions or modify existing
restrictions;
• be reasonably available to consult with the client; and
• maintain client suitability information on file.
Retirement
Plan Rollovers
When leaving an employer, there are typically four options regarding the existing retirement
plan: (1) leave the assets in the former employer’s plan, if permitted, (2) roll over the assets to
the new employer’s plan, if one is available and rollovers are permitted, (3) roll over the assets
to an Individual Retirement Account (“IRA”) or ROTH IRA, or (4) take a full IRA withdrawal in
cash, which could result in ordinary income tax, and a possible penalty tax if you are under the
age 59 ½. If the client is retired, ROTH IRA distributions would be tax free.
If we recommend that you roll over your 401(k) or other qualified plan assets to an IRA or ROTH
IRA, this rollover recommendation presents a conflict of interest in that we would receive
compensation (or may increase current compensation) when investment advice is provided
following your decision to roll over your plan assets. We (your advisor) will discuss your
retirement plan options including retention of your 401(k) or qualified plan assets with your
current plan, if allowed. Prior to making a decision you should carefully review the information
regarding your rollover options and are under no obligation to rollover retirement plan assets
to an account managed by us.
General Disclosures Regarding ERISA and Qualified Accounts
Planned Solutions, Inc. is deemed to be a fiduciary to advisory clients that are employee benefit
plans or individual retirement accounts (IRAs) pursuant to the Employee Retirement Income
and Securities Act (“ERISA”), and regulations under the Internal Revenue Code of 1986 (the
“Code”), respectively. As such, our firm is subject to specific duties and obligations under ERISA
and the Code that include, among other things, restrictions concerning certain forms of
compensation.
FINANCIAL PLANNING
We offer financial planning services, which can be comprehensive in nature, or focus on a
specific topic or concern such as: retirement planning, tax planning, insurance planning, estate
planning, educational funding, cash flow planning, retirement plan allocations and investments.
Through meetings with the client, we will gather information and documentation as necessary
to help the client define the goals and objectives that will be defined in the financial planning
contract. Information gathered may include the client’s current financial status, tax status,
future goals, return objectives and attitudes towards risk. We carefully review documents
provided to us and will develop a draft plan which will be reviewed and revised as necessary
with the client.
A final written financial plan will be presented by the end of the engagement. This may include
a retirement model, portfolio analysis, insurance projection or other recommendation as based
on the financial planning contract.
Should the client choose to implement the recommendations contained in the plan, we suggest
they work closely with their attorney, accountant, and/or other advisors as necessary.
Implementation of the financial plan recommendations are entirely at the client’s discretion
and will not be performed by us. We also are not responsible for monitoring a client’s financial
plan.
Financial planning recommendations are client specific and are not limited to any product or
service offered by a broker-dealer or insurance company.
AMOUNT OF MANAGED ASSETS
As of 12/31/2023, we managed $468,240,700 of clients' assets on a discretionary basis.