LEWIS FINANCIAL MANAGEMENT was founded by Douglas J. Lewis, CFP®, in February, 1984. In
2001, Lewis Financial Management changed its corporate structure to Lewis Financial
Management, LLC (“LFM”). Douglas J. Lewis, CFP® and Linda P. Lewis, MS, are the principal
owners of the firm. Douglas J. Lewis, CFP® and Deborah R. Lewis, CFP®, are the active financial
planners.
LEWIS FINANCIAL MANAGEMENT, LLC provides personalized confidential Financial Planning
services to individuals and small businesses. Advice is provided through consultation with you
and includes determination of financial objectives, identification of financial problems,
investment management, cash-flow planning, charitable trust design (if applicable), tax
planning, insurance planning, retirement and financial independence planning, college
education planning, and estate planning.
ASSETS UNDER MANAGEMENT as of 12/31/2023:
Discretionary basis: NONE (LFM does not maintain discretion over client accounts)
Non-discretionary basis: $415,279,724
LEWIS FINANCIAL MANAGEMENT, LLC provides non-discretionary investment advice on stocks,
bonds, mutual funds, U.S. government securities, real estate investment trusts (REITs), oil and
gas limited partnerships, business development companies (BDCs), and other alternative
investments, depending on your needs and objectives. We do not provide advice on
commodities, futures, or commercial paper. We do not take discretionary trading authority over
your accounts. You make the final decision on investment selection. You always maintain
investment control.
The initial contact is a Telephone Conference where we get personal and financial information
about you in preparation for a face-to-face meeting. This call is free of charge and helps us
determine the extent to which Financial Planning will be of benefit to you and allows you to ask
questions about our process. The Financial Planning sequence includes ongoing meetings,
reviews, and recommended portfolio rebalancings. Other professionals, such as lawyers,
accountants, insurance agents, etc., are included in the meetings by telephone as needed,
making the most of your time with us.
The INITIAL FINANCIAL ADVISORY CONSULTATION (IFAC) is $250 per hour with a 3-hour
minimum or as long as needed. When you call for an appointment, we send you a packet
containing the “5 Keys” to be completed and sent back to us before the meeting. We then
prepare “hypothetical” reports showing your initial financial situation to be used during the
meeting. This is the framework that allows Doug and Deborah to know you well enough to
answer the questions brought to them. This is an advice only meeting and no investments are
made. At the end of the IFAC meeting, Doug or Deborah will recommend either:
1. CONTINUING FINANCIAL ADVISORY CONSULTATIONS. References available.
2. COMPREHENSIVE FINANCIAL PLANNING. If suitable for Comprehensive Financial
Planning, Doug or Deborah will provide a fee quote for services and client references.
Investment Advice Data Gathering Meeting
Implementation Meeting Financial Plan Document
Tax Advice Financial Plan Presentation
Cash-Flow Advice Implementation/Investment Meeting
Insurance Advice Estate Meeting
Retirement Advice Monthly Reports
Estate Advice Advisory Meetings
Portfolio Recommendations
Annual Reviews
TELEPHONE
CONFERENCE
(Free)
INITIAL FINANCIAL
ADVISORY
CONSULTATION
(Hourly Fee)
OPTION 1
CONTINUING FINANCIAL
ADVISORY
CONSULTATIONS
(Hourly Fee)
OPTION 2
COMPREHENSIVE
FINANCIAL PLANNING
(Flat Fee)
ITFEE: HOURLY
Those who choose this option will schedule subsequent appointments. There is no minimum
asset requirement for any Financial Advisory Consultation. Under this option, no database is
created and no ongoing reports are generated. These meetings may be for:
Investment Advice
Review of Existing Portfolios
Investment Vehicle Choices
Liquidity versus Illiquidity
Debt versus Equity
Implementation Meetings
Investment Portfolio Design
Investment Education
Facilitation of Paperwork
Tax Advice
Tax Advantaged Investments
Tax Advantaged Strategies
Cash-Flow Advice
Income versus Expenses
Net Monthly Margin
Pay-Yourself-First Investment Strategy
Insurance Advice
Types of Insurance
Needs Analysis
Insurance Illustrations
Retirement Advice
Types of Retirement Savings Options and Funding
Meeting Your Retirement Income Needs
Estate Advice
Revocable Living Trusts/Wills
Charitable Trusts
Powers of Attorney
HIPAA Forms
Healthcare Powers of Attorney
• Portfolio Review Meetings are scheduled by you
• Reports are produced for the meeting only
FEE: $250 per hour
MINIMUM: Two hours
MAXIMUM: Meetings may last as long as you desire
FEE: INITIAL FLAT FEE PLUS CONTINUING PERCENTAGE OF ASSETS UNDER
MANAGEMENT, BILLED QUARTERLY
Our Philosophy
We use the orthodox Financial Planning process for Certified Financial Planners, which includes
six steps:
• Data Gathering
• Goal Setting
• Identifying Financial Problems
• Providing a written Financial Plan Document
• Implementing of Recommendations
• Continuous and Regular Supervisory and Management Services
Our Process
Our Financial Planning process begins with construction of a database, which we subsequently
use to produce your Financial Plan document. We then provide ongoing monthly supervisory
and management services based on your Financial Plan.
A. CONSTRUCTION
OF YOUR PERSONALIZED DATABASE
B. WRITING YOUR PERSONALIZED FINANCIAL PLAN DOCUMENT
C. CONTINUOUS AND REGULAR SUPERVISORY AND MANAGEMENT SERVICES
A. Your Personalized Financial Planning Database
The heart of Comprehensive Financial Planning is the construction and maintenance of a
database which integrates all aspects of your financial life. Your living expenses, income sources,
income taxes, investment portfolio, insurance, wills, and trusts are all incorporated into this
database. This allows us to perform estate and income tax forecasting as well as track and
analyze the historical data of your investment portfolio. We base our recommendations,
contained in the Financial Plan Document, on the financial analyses and reports generated from
this database.
The financial information in the database is updated on a daily basis with the exception of
retirement plan numbers (401(k)s, Pension Plans, etc.) which are updated when statements are
received from you.
B. Your Personalized Financial Plan Document
The Financial Plan Document is the “road map” of the Financial Planning process and contains
12 separate sections:
1. Personal Data
2. Goals/Objectives
3. Issues and Problems
4. Assumptions
5. Financial Statement
6. Cash Flow Analysis and Recommendations
7. Tax Analysis and Recommendations
8. Insurance Analysis and Recommendations
9. Investment Analysis and Recommendations
10. Implementation Schedule
11. Financial Independence Analysis and Recommendations
12. Estate Analysis and Recommendations
Detailed investment advice and specific recommendations are provided as part of your Financial
Plan. The six sections that have recommendations are personally written by Doug or Deborah
and not computer generated.
C. Continuous and Regular Supervisory and Management Services
We send reports monthly. We review your portfolio at least semi-annually and make
recommendations as needed. We also schedule Annual Review meetings where we discuss your
Financial Statement, Cash-Flow situation and Tax Projection in addition to a detailed Portfolio
Review. We have an ongoing responsibility to make recommendations based on your needs,
investment objectives, and any restrictions you place on your account. Investments may include
mutual funds, money market accounts, real estate investment trusts (REITs), real estate limited
partnerships (RELPs), and other direct participation programs. We tailor our advisory services
to your needs.
Content and Frequency of Reports (Comprehensive Financial Planning Only)
Below is the typical schedule for client review and written reports:
1. PORTFOLIO ANALYSIS/ASSET ALLOCATION REPORT:
(January, April, July, October)
An analysis of your investments by time-weighted rate of return, current yield,
investment category, ownership, and the portfolio as a whole. In addition, color-
coded pie charts showing Asset Class Allocation accompany the analysis.
2. FINANCIAL STATEMENT:
(February, September)
An analysis of your assets, liabilities and net worth, including your real estate and
other non-investment assets
3. ESTATE ANALYSIS
(March, August)
4. TAX ANALYSIS REPORT:
(May, November)
A two-year projection of what your Federal and State Taxes may be and strategies
available to reduce your taxes
5. CASH FLOW REPORT:
(June, December)
A two-year forecast of all income sources, living expenses, and surplus or shortfall
6. ANNUAL REVIEWS:
A composite of all your reports from your database, prepared at your request
7. PORTFOLIO REBALANCING INVESTMENT RECOMMENDATIONS:
(As Needed)
We review your portfolio at least semi-annually and send recommendations as
needed.
***We do not maintain discretionary authority over your accounts.
***We do not participate in, or sponsor, any wrap-fee programs.
INITIAL FEE:
FOR DATABASE CONSTRUCTION AND FINANCIAL PLAN DOCUMENT: The initial fee for the
production of your Financial Planning database and the writing of your Financial Plan document
is based upon the estimated complexity of the Plan and the estimated time required. The fee
range is ½% to 1% of investable assets. This is a flat-fee quote given to you at the end of the
Initial Financial Advisory Consultation.
ONGOING ANNUAL FEE:
CONTINUOUS AND REGULAR SUPERVISORY AND MANAGEMENT SERVICES: We offer two fee
schedules based on Assets Under Management with a minimum of investable assets of
$2,000,000. Each offers you unlimited hours of consultation without an hourly charge.
The Fee-Only arrangement applies when you want to use your own stockbroker to implement
our investment and insurance recommendations.
The Reduced-Fee or Fee Plus Commission, “Fee-Based”, arrangement applies when, at the time
of entering into our Advisory Agreement, you wish to implement your Financial Plan
recommendations through Douglas J. Lewis, CFP®, Linda P. Lewis, MS, or Deborah R. Lewis, CFP®,
in their capacity as registered representatives of The Strategic Financial Alliance, Inc. The Fee-
Based arrangement is not a fee offset by commissions or 12b-1 fees.
ANNUAL FEE COMPUTATION TABLE (ASSETS UNDER MANAGEMENT – “AUM”)
INVESTABLE ASSETS REDUCED FEE FEE-ONLY
On the first $1,500,000 .38% 1%
Next $1,500,001 to $2,500,000 .20% 1%
Over $2,500,000 .15% 1%
We calculate the annual fee on your investable assets. Fees are paid quarterly, in advance, based
on this calculated annual amount. However, if your portfolio goes up in value during the
following three quarters, we do not increase your fee. It is frozen for the entire year. We update
the fee calculation annually on the anniversary of your initial plan presentation. The revised fee
is based on the value of your investable assets on that date. The minimum quarterly fee is
$1,675.
You may discontinue this Fee-Based arrangement at any time.