Firm Description
Gasber Financial Advisors, Inc., hereinafter (“GFA”) was founded in 1995 and is an SEC-registered
investment adviser. GFA is a fee-only financial planning and investment management firm. Principal
Owners: Gerald E. Gasber is an 80% stockholder Karen Miller is a 20% stockholder
Advisory Services
GFA provides personalized confidential financial planning and investment management to
individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small
businesses. Investment advice is provided, with the client granting discretion through a limited
power of attorney to GFA who makes the final decision on investment positions within the
parameters established by the investment management agreement and/or the investment policy
statement. GFA does not act as a custodian of client assets as the client always maintains asset
control. The firm does not sell securities or insurance on a commission basis and is not affiliated
with entities that sell financial products, securities, or insurance.
The following describes our services and fees. Please refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your
individual needs.
Types of Advisory Services
GFA provides comprehensive personal financial planning services and furnishes investment advice for a fee
to individuals and couples, small business owners, retirees, and non-profit organizations. As part of
the financial planning service, GFA furnishes advice to clients on matters not involving securities,
such as taxation issues, retirement planning, cash flow, and related matters.
.
Tailored Relationships
The goals and objectives of each client are documented in their Financial Plan or Investment Policy
Statement. Written Investment Policy Statements reflect an understanding of GFA’s and the client’s
respective roles and responsibilities related to investment management services. Clients may impose
restrictions on investing in certain securities or types of securities or asset classes.
Assignment of Investment Management Agreements
Agreements may not be assigned without client consent.
Types of Services
Financial Planning Agreement
GFA provides comprehensive personal financial planning services for a variety of individuals and
families including business owners, professionals, corporate executives, inheritors, and retirees. Use of
our investment management services is not required of those who wish to use personal financial planning
services. The financial planning process typically involves the following steps:
• Establishment/definition of the relationship with the client
• Gathering of client data and determination of client goals, objectives, and risk tolerance
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• Analysis and evaluation of the client’s current financial status
• Evaluation of alternative solutions
• Development and presentation of recommendations
• Assistance with implementation
Financial planning analysis and recommendations are tailored to the client’s needs and circumstances
and may include:
• Risk Management/Insurance (life, disability, medical, long-term care, property & casualty, liability, etc.)
• Employer and government benefits (Social Security, Medicare, etc.)
• Tax Planning
• Investment analysis and planning
• Retirement Planning (How much will I need to retire? When can I retire? Am I spending too much
and in danger of running out of money?)
• Estate and Philanthropic planning, family gifting
• Savings, Budgeting, Debt Management, Saving for College
Clients will receive a written copy of the financial plan. The financial plan does not include
recommendations on specific individual investments. Specific investment recommendations are
considered part of the Investment Management or Wealth Management service. GFA does not provide
legal or tax advice and does not prepare any kind of income tax, gift or estate tax return, or any legal
document.
Investment Management Services (Non-Qualified Plans)
GFA provides investment management services exclusively on a fee basis. These services include:
• Determination of the client’s investment goals and risk tolerance
• Design of an asset allocation appropriate to the client’s individual circumstances
• Development of an Investment Policy Statement
• Determination of individual securities to be bought or sold and selection of appropriate fund
managers
• Buy-sell trades as determined by the above steps
• Monitoring of the investments and asset allocation with quarterly review and rebalancing as required
• Regular annual review meetings with the client
• Re-assessment of client’s risk tolerance on a three-year cycle
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The vast majority of investments recommended by GFA are in the form of no-load mutual funds or
Exchange Traded Funds or equivalent investment products. When such securities are employed, the fund
companies charge each fund shareholder an investment management fee that is disclosed in the fund
prospectus. If a brokerage/custodian is used to purchase a mutual fund, the brokerage/custodian may charge
a
transaction fee. The brokerage/custodian may also charge a fee or mark-up or mark-down for stock and
bond trades. GFA does not share in any of these fees and does not receive any compensation from
fund or brokerage/custodian companies for these services.
GFA may offer advice on securities that include but are not limited to stocks, bonds, mutual funds,
exchange-traded funds, exchange-traded notes, hedge funds, venture capital opportunities, derivative
debt and equity securities, private and public REITs, and other partnership interests such as those investing in
mortgages or venture capital. GFA may also offer advice on other types of investments such as business
opportunities. Should such advice be offered by GFA when the investment is unlikely to end up in the GFA-
managed portfolio, then the analysis of such opportunities is considered a financial planning service
and would be subject to all guidance, limitations, and fees described in the financial planning section.
Wealth Management Services
Wealth Management includes financial plan implementation, ongoing maintenance and updating of the
financial plan, general financial advice, investment advice, and investment management services. An
exception to this rule may arise if a client wishes GFA to provide advice and analysis well beyond
GFA’s normal financial planning services. Planning services directed at previously unaddressed
topics, extraordinary research, or analysis may involve additional costs, which will be negotiated on
an individual basis prior to beginning such work.
Investment Management & Services (Qualified Plans)
GFA provides investment management and other services exclusively on a fee basis to Qualified Plans
including Pension, Profit Sharing, and 401(k) Plans. These services include:
• Development of an Investment Policy Statement
• Design of an appropriate asset allocation and/or model portfolios
• Determination of individual securities to be bought or sold and selection of appropriate managers
• Qualified Default Investment Alternative selection
• Monitoring of the investments and asset allocation with review and rebalancing as determined
• Regular review meetings with the client no less frequently than semi-annually
• Plan investment performance benchmarking
• Plan Fee & Expense benchmarking
• Plan design consultation
• Employee enrollment and education
GFA generally recommends no load mutual funds, Exchange Traded Funds, or equivalent
investment products. When such securities are employed, the fund companies charge each fund
shareholder an investment management fee that is disclosed in the fund prospectus. If a
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brokerage/custodian is used to purchase a mutual fund, the brokerage/custodian may charge a
transaction fee. GFA does not share in any of these fees and does not receive any compensation from
fund or brokerage/custodian companies for these services.
Insurance Services
When appropriate, Gasber may recommend that a client obtain insurance as part of an overall financial
plan. Gasber has a relationship with DPL Financial Partners, LLC (“DPL”) a third-party provider of
a platform of insurance consultancy services.
Clients are under no obligation to use DPL's service and may seek insurance advice from any licensed
agent. GFA does not receive compensation for insurance products selected by the client, whether
secured through DPL or any other agent.
Hourly Engagements
GFA provides hourly financial planning services at its sole discretion for certain clients who need
advice on a limited scope of work. Hourly rates can be found in the “Fees and Compensation” section of
this brochure.
IRA Rollover Recommendations
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 interests
ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations;
• Never put our financial interests ahead of yours when making recommendations;
• 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.
As of December 31, 2022, GFA managed approximately $139,507,392 in assets. Approximately
$132,696,218 is managed on a discretionary basis, and $6,811,174 is managed on a non-discretionary
basis.
GFA does not act as a sponsor or provide investment management services to a WRAP program.
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