Founders, which has been in business since November 2001, offers the services described below
primarily to individuals, pension and profit-sharing plans, trusts, estates or charitable organizations and
corporations or other business entities. The principal owners of the firm are Patrick A. Terrion, Chief
Compliance Officer and Portfolio Manager and Howard E. Case, Business Development Officer.
Portfolio Management Services
Founders provides investment advisory services, defined as giving continuous advice to a client or
making investments for a client based on the individual needs of the client. Through personal
discussions in which goals and objectives based on a client's particular circumstances are established,
Founders develops a client's personal investment policy and creates and manages a portfolio based
on that policy. Founders manages advisory accounts on a discretionary or a non-discretionary basis.
Founders classifies client portfolios in several categories, ranging from up to 100% fixed income
(Conservative Income Portfolio) to up to 100% Equities (Aggressive Growth). Portfolio categorizations
are determined on the basis of a questionnaire completed by clients which addresses issues of risk
tolerance, age, when the client will begin making withdrawals from the portfolio and related issues.
Founders will create a portfolio consisting of one or all of the following, as appropriate: individual
equities, bonds, other investment products, and no-load or load-waived mutual funds. Founders will
allocate the client's assets among various investments taking into consideration the overall
management style selected by the client.
Clients will have the opportunity to place reasonable restrictions on the types of investments which will
be made on the client's behalf. Thus, Founders may accept clients that request restrictions on
investing with respect to certain types of securities as a result of religious, ethical, environmental
concerns and/or other reasons, for example, no fixed income, "sin stocks" or financial services
companies. Each client should also note that his or her investment portfolio is treated individually by
giving consideration to each purchase or sale for the client's account. For these and other reasons,
performance of client investment portfolios within the same investment objectives, goals and/or risk
tolerance may differ and clients should not expect that the composition or performance of their
investment portfolios would necessarily be consistent with similar clients of Founders.
Financial Planning Services
We may provide a variety of complimentary financial planning services to clients as part of our wealth
management services. Services are offered in several areas based on your financial situation,
depending on your goals, objectives and financial situation. Generally, such financial planning services
will involve preparing a financial plan or rendering a financial consultation based on your financial goals
and objectives.
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:
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•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.
As of December 31, 2022, Founders managed assets totaling $543,947,242 of which $456,081,537
was discretionary and $87,865,705 was non-discretionary.