Goldman Lancaster, Inc. (hereinafter, “Goldman Lancaster” or the “firm”) was founded in February 1994. Our two principals are Glenn Goldman and Brad Lancaster, CFP®, with each owning 50%.
At Goldman Lancaster, advisory services are tailored to the individual needs of clients. Client goals and objectives are clarified in meetings and correspondence and are used to determine the course of action for each individual client. In the case of formal financial plans, these objectives are memorialized.
We provide the following types of services: Comprehensive Portfolio Management, Risk Management, Financial Planning, Estate Planning, Corporate Benefit Planning, Business Continuity Planning, Qualified Retirement Plan Services, Financial Planning & Consulting, and Retirement Plan Participant Consulting. We offer individualized investment advice to clients through our Comprehensive Portfolio Management and Retirement Plan Participant Consulting services.
Additionally, we offer general investment advice to clients utilizing our Financial Planning and Qualified Retirement Plan services.
Each client has the opportunity to place reasonable restrictions on the types of investments to be held in his or her portfolio. Restrictions on investments in certain securities or types of securities may not be possible due to the level of difficulty this would entail in managing the account.
Restrictions would be limited to our Comprehensive Portfolio Management service. We do not manage assets through our other services.
Comprehensive Portfolio Management Our Comprehensive Portfolio Management service encompasses asset management, as well as providing financial planning/financial consulting to clients. It is designed to assist clients in meeting their financial goals through the use of financial investments. We conduct at least one, but sometimes more than one, meeting (in person if possible, otherwise via telephone conference) with clients in order to understand their current financial situation, existing resources, financial goals, and tolerance for risk. Based on what we learn, we propose an investment approach to the client. We may propose an investment portfolio consisting of exchange traded funds (“ETFs”), mutual funds, individual stocks or bonds, annuities or other securities. Upon the client’s agreement to the proposed investment plan, we work with the client to establish or transfer investment accounts so that we can manage the client’s portfolio. Once the relevant accounts are under our management, we review the client’s portfolio on a regular basis and at least annually. We may periodically rebalance or adjust client accounts under our management. If the client experiences any significant changes to his or her financial or personal circumstances, the client must notify us so that we can consider such information in managing the client’s investments.
We offer wrap fee programs as further described in Part 2A, Appendix 1 (the “Wrap Fee Program Brochure”) of our Brochure. Our wrap fee and non-wrap fee accounts are managed on an individualized basis according to the client’s investment objectives, financial goals, risk tolerance, etc. We do not manage wrap fee accounts in a different fashion than non-wrap fee accounts. As further described in our Wrap Fee Program Brochure, we receive a portion of the wrap fee for our services.
Qualified Retirement Plan Services We provide fiduciary investment management services to employer plan sponsors that may be pension or other employee benefit plans (“Plans”) governed by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Our investment management services typically include selecting and monitoring investments that may include exchange-traded funds (ETFs), mutual funds, collective trusts, group annuity sub-accounts, stable value and money market funds that are made available as investment options to participants in a Plan ("Roster Funds").
Our services also include monitoring the performance of the Roster Funds and adjusting the selection of the Roster Funds as we determine appropriate to reflect relevant financial factors such as relative and risk-adjusted performance, expenses and qualitative factors. Goldman Lancaster services do not include adjusting or rebalancing the Plan accounts for individual Plan participants or allocating the investments of individual Plan participants. Goldman Lancaster acts as an "investment manager" and a "fiduciary" within the meaning of §3(21) of ERISAwith respect to these services.
Financing Planning & Consulting We provide a variety of financial planning and consulting services to individuals, families and other clients regarding the management of their financial resources. Generally, such financial planning services will involve preparing a financial plan or rendering a financial consultation for clients based on an analysis of the

client’s current situation, financial goals and objectives. This planning or consulting may encompass one or more of the following areas: Investment Planning, Retirement Planning, Estate Planning, Charitable Planning, Education Planning, Corporate and Personal Tax Planning, Corporate Structure, Real Estate Analysis, Mortgage/Debt Analysis, Insurance Analysis, Lines of Credit Evaluation, Business and Personal Financial Planning.
Our written financial plans or financial consultations rendered to clients usually include general recommendations for a course of activity or specific actions to be taken by the clients. For example, recommendations may be made that the clients begin or revise investment programs, create or revise wills or trusts, obtain or revise insurance coverage, commence or alter retirement savings, or establish education or charitable giving programs. It should also be noted that we may refer clients to an accountant, attorney or other specialist, as necessary for non-advisory related services. For written financial planning engagements, we provide our clients with a written summary of their financial situation, observations, and recommendations. For financial consulting engagements, we usually do not provide our clients with a written summary of our observations and recommendations as the process is less formal than our planning service. Plans or consultations are typically completed within six (6) months of the client signing a contract with us, assuming that all the information and documents we request from the client are provided to us promptly.
Implementation of the recommendations will be at the discretion of the client. We are required to disclose to our financial planning clients that a conflict of interest may exist in that we may have an incentive to recommend our other services (such as Comprehensive Portfolio Management) as part of a financial plan or consultation. Clients are under no obligation to act upon our recommendations.
If clients elect to act on our recommendations, clients are under no obligation to effect the transaction through us.
Retirement Plan Participant Consulting (RPPC) We provide written asset allocation and/or specific investment recommendations for client retirement plan assets based on the investment options available within the retirement plan and based on the financial and other information provided by the client. The RPPC services are generally limited to recommendations for the following investment options: mutual funds, exchange traded funds, collective investment trusts, pooled separate accounts, allocations among annuity sub accounts, publicly traded employer stock (“company stock”) and other securities that may be available in brokerage windows or other similar plan arrangements that enable participants to select investments beyond those designated by the Plan. We tailor the recommendation to the individual needs of the client based upon the investment objective chosen by the client. The engagement terminates upon delivery of the written recommendation.
The client retains the sole responsibility for determining whether to implement any recommendations we make and for placing any resulting transactions. We do not provide ongoing consulting or management services, and do not have discretionary authority with respect to the client’s retirement plan assets. In addition, we do not provide any advice or recommendations regarding any participant loans from client’s retirement plan assets.
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.
For more information about our conflicts of interest, please review items 5, 10, 11 and 14 or reach out to us using the contact information on the cover page of this brochure.
As of December 31st, 2023, we managed $298,438,973 of client assets, of which $273,239,277 was managed on a discretionary basis and approximately $25,199,696 was managed on a non-discretionary basis.