FIRM DESCRIPTION AND PRINCIPAL OWNERS
Capital Planning, LLC (hereinafter “CPC” or the “firm” or “we”) is registered with the Securities and
Exchange Commission (“SEC”) as an investment adviser. The services provided by CPC were previously
offered by the firm’s predecessor Capital Planning Corp. CPC succeeded to the investment advisory
business of Capital Planning Corp in January 2014.
The following individuals represent the ownership group of CPC. Michael D. Miller, through M3 Holdings
Corp owns approximately 80% of CPC; Mr. Miller’s ownership represents a controlling interest. James E.
Kelley owns approximately 20% of CPC.
TYPES OF ADVISORY SERVICES
Capital Planning, LLC offers a variety of investment advisory services on a fee basis to individuals,
families, and their related entities, trusts and estates, and businesses. Capital Planning, LLC’s
services include Wealth Management, Investment Management, and Financial Planning and
Consulting. Prior to providing advisory services, clients are required to enter into a written
agreement with Capital Planning, LLC setting forth the terms and conditions of the engagement
(including termination), describing the scope of the services to be provided, and the fee that is due
from the client. To commence the investment advisory process, CPC will ascertain each client’s
investment objective(s) and then allocate the client’s assets consistent with the client’s designated
investment objective(s). Once allocated, CPC provides ongoing supervision of the account(s).
WEALTH MANAGEMENT SERVICES
Capital Planning, LLC’s Wealth Management Service is a combination of our Investment Management
and Financial Planning services.
Our approach is to provide clients with unbiased and objective advice based on the following integrated
principals: clarity, capability, collaboration, and confidence. We lead clients through a four phase
strategic process that systematically addresses eight key components of their financial life.
Four phase approach:
Wealth Assessment
An in-depth assessment to identify goals and objectives, uncover critical planning gaps and
opportunities in the eight key components, establish priorities, and schedule an implementation
timeline.
Eight Key Components:
• Goals and Objectives
• Cash Flow Planning
• Compensation and Benefits
• Investment Management
• Tax Planning
• Risk Management
• Estate Planning
• Wealth Administration
Customized Solutions
We present recommendations to clients that are developed based on their goals, long-term vision, and
the planning gaps and opportunities identified to help them work toward achieving their goals and
objectives.
Implementation
A client’s customized solutions are implemented by following an intentional, integrated, and
thoughtful wealth plan.
Wealth Plan Monitoring
Wealth plans are reviewed with clients in periodic meetings and adjusted as necessary.
We recommend outside professionals when clients require services we don’t offer. Outside
professionals are engaged by clients directly and those services are separate from our services.
For further details on our Wealth Management Services, please see the next two sections below on
Investment Management Services and Financial Planning Services.
Please Note: CPC believes that it is important for the client to address financial planning issues on an
ongoing basis. CPC’s advisory fee, as set forth at Item 5 FEES & COMPENSATION below, will remain the
same regardless of whether or not a client determines to address financial planning issues with CPC.
INVESTMENT MANAGEMENT SERVICES
Our approach for Investment Management Services seeks to put our clients in a position to capture
returns from market growth over time. We utilize our investment strategies to design strategic
portfolios in which the overall asset allocation may change in different market environments in an effort
to maintain attractive risk and return characteristics. We use a seven step process to uncover your goals,
objectives, and concerns. This systematic approach provides the foundation to develop your
strategically focused investment portfolio.
Seven step approach:
Plan
We work with clients to understand their overall investment vision, goals, and objectives.
Determine
We help clients to determine return objectives, risk temperament, time horizon, income needs, tax and
social sensitivity, and other objectives to develop an investment profile.
Develop
A client’s investment plan is developed based on their investment profile with key elements recorded
in their Total Portfolio Investment Objective statement.
Implement
A client’s plan will be implemented with a diversified investment portfolio selected from traditional and
alternative investment strategies.
Monitor
We monitor clients’ objectives and recommend or make adjustments as needed to maintain their
Total Portfolio Investment Objective.
Report
We make available web-based solutions that provide performance, income, and tax reporting data.
Update
We remain available to meet with our clients on a regular basis to review their portfolio and adjust
investment objectives as necessary.
Investment Strategies:
CPC Models
Clients may choose to invest in a CPC Model that has investment objectives consistent with their goals
and objectives. We work with our clients to select a CPC Model or a combination of CPC Models. CPC
Models provide clients access to a variety of investment strategies managed by our Investment Policy
Committee. We design our Models according to pre-established goals for each Model and manage the
models according to those goals rather than the individual goals of clients. CPC provides ongoing
monitoring and review of performance, asset allocation and client investment objectives. Client
accounts may include mutual funds, exchange-traded funds (ETFs), stocks, bonds, notes, real estate
investment trusts (REITS), options and futures, among other investments.
CPC Custom Models
Clients may choose to invest in a custom model that has investment objectives consistent with their
goals and objectives. Capital Planning may create customized investment solutions for a particular
client. Each model is initially designed to meet a particular investment goal which has been determined
to be suitable to a client’s circumstances. Once the appropriate model has been determined, we review
the model and rebalance the account based upon the client’s individual need, stated goal, and
objectives.
CPC Variable Annuity Models
We offer a no-load fee based RIA Variable Annuity which allows CPC, in conjunction with the Nationwide
Annuity platform (“Nationwide”), to manage client assets in the investment sub-accounts. CPC manages
the Nationwide sub-accounts in accordance with strategies similar to those listed above in CPC Models.
When offering this service, CPC either directs or recommends the allocation of client assets among the
various investment alternatives that comprise the variable annuity product. The client assets shall be
maintained at the specific insurance company that issued the variable annuity product which is owned by
the client. Please Note: When requested to provide advisory services with respect to a variable annuity,
Capital Planning’s advice may be limited to the investment alternatives provided by the variable annuity.
Managed Programs/Independent Managers
Clients may choose to invest in a Managed Program that has investment objectives consistent with their
goals and objectives. Managed programs provide clients access to a variety of investment strategies
managed by third party money managers or sub-advisers (unaffiliated investment managers or
“Independent Managers”). Independent Managers have the day-to-day responsibility for the active
discretionary management of the client’s assets. We continue to render investment supervisory services
to the client relative to the ongoing monitoring and review of client’s account performance, asset
allocation, and investment objectives. Factors which we consider in recommending Independent
Managers include the client’s designated investment objective(s), and the manager’s management
style, performance, reputation, financial strength, reporting capabilities, pricing structure, and
published research. A client is under no obligation to engage an Independent Manager. The investment
management fee charged by the designated Independent Manager is exclusive of and in addition to our
advisory fee as set forth in the fee schedule at Item 5 FEES & COMPENSATION. Fees will be disclosed to
the client before entering into a separate agreement with the Independent Manager, including related
terms and conditions. Client accounts may include mutual funds, exchange-traded funds (ETFs), stocks,
bonds, notes, real estate investment trusts (REITs), options and futures, among other investments.
Reporting Plus Services
Reporting Plus Services enables CPC to provide reporting, trading, and administrative services for client
accounts. We work with the client to establish the new account and facilitate the transfer of securities
to a custodian we can work with. These accounts are managed by CPC and are provided as a courtesy
for clients. Reporting Plus Services accounts are usually only offered to clients who have other
investment strategies with CPC under Wealth Management and Investment Management services. A
separate fee is charged for each account annually. See Item 5 FEES AND COMPENSATION.
Discretion regarding CPC Models and/or Managed Programs. On an ongoing basis, CPC monitors the
performance of the Independent Managers, ETFs, and mutual funds. If we determine that one or more
of these third parties is not providing sufficient management services to the client or is not managing the
client's assets in a manner consistent with that client's investment objectives and approved strategy, we
may select a different mutual fund, ETF or Independent Manager to manage the client’s assets. Under
this scenario, CPC retains the discretion to hire and fire each Independent Manager and buy or sell mutual
funds and ETFs. In addition, CPC monitors clients’ accounts with respect to holdings such as stock, bonds,
notes, and other securities that were transferred in from the client’s other accounts or remain following
termination of a prior Independent Manager. CPC retains the discretion to buy, sell or hold these assets.
Socially Responsible ESG Investing Limitations. Socially Responsible Investing involves the incorporation
of Environmental, Social and Governance (“ESG”) considerations into the investment due diligence
process. ESG investing incorporates a set of criteria/factors used in evaluating potential investments:
Environmental (i.e., considers how a company safeguards the environment); Social (i.e., the manner in
which a company manages relationships with its employees, customers, and the communities in which it
operates); and Governance (i.e., company management considerations). The number of companies that
meet an acceptable ESG mandate can be limited when compared to those that do not, and could
underperform broad market indices. Investors must accept these limitations, including potential for
underperformance. Correspondingly, the number of ESG mutual funds and exchange-traded funds are
limited when compared to those that do not maintain such a mandate. As with any type of investment
(including any investment and/or investment strategies recommended and/or undertaken by CPC), there
can be no assurance that investment in ESG securities or funds will be profitable, or prove successful. CPC
does not maintain or advocate an ESG investment strategy, but will seek to employ ESG if directed by a
client to do so. If implemented, CPC shall rely upon the assessments undertaken by the unaffiliated
mutual fund, exchange traded fund or separate account portfolio manager to determine that the fund’s
or portfolio’s underlying company securities meet a socially responsible mandate.
Asset Based Pricing Limitations. We may recommend that our clients enter into an asset based pricing
agreement with the account custodian. Under an asset based pricing arrangement, the amount that a
client will pay the custodian for account commission/transaction fees is based upon a percentage (%) of
the market value of the account, generally expressed in basis points. One basis point is equal to one
one-hundredth of one percent (1/100th of 1%, or 0.01%, or 0.0001). Generally, the greater the market
value, the lower the percent. This differs from transaction based pricing which assesses a separate
commission/transaction fee against your account for each account transaction. Account investment
decisions are driven by security selection and anticipated market conditions and not the amount of
transaction fees payable by you to the account custodian. We do not receive any portion of the asset
based fees payable by you to the account custodian. We believe that certain clients may benefit from
an asset based pricing arrangement. Requests can be submitted to the custodian to switch from asset
based pricing to transaction based pricing. However, there can be no assurance that the volume of
transactions will be consistent from year-to-year given changes in market events and security selection.
Therefore, using transaction-based pricing could result in higher expenses when compared to asset-
based pricing.
Portfolio Activity. Capital Planning has a fiduciary duty to provide services consistent with the client’s
best interest. As part of our investment advisory services, we review client portfolios on an ongoing
basis to determine if any changes are necessary based upon various factors, including, but not limited
to, investment performance, market conditions, fund manager tenure, style drift, account
additions/withdrawals, and or a change in a client’s investment objective. Based on these factors, there
may be extended periods of time when we determine that changes to a client’s portfolio are neither
necessary nor prudent. Clients remain subject to the fees described in Item 5 FEES & COMPENSATION
during periods of account inactivity.
Client Customized Accounts and Restrictions. Client portfolios and accounts may be customized based
on their investment objectives. Clients may make requests or make suggestions regarding the
investments made in their overall portfolio or in specific accounts. If a client requests a restriction on
trading that, in our opinion, is not in their best interest and we are unable to honor, if forced, it may
result in the termination of our agreement.
Retirement Rollovers. A client or prospective client leaving an employer typically has four options
regarding an existing retirement plan (and may engage in a combination of these options): (i) leave the
money in the former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if
one is available and rollovers are permitted, (iii) roll over to an Individual Retirement Account (“IRA”), or
(iv) cash out the account value (which could result in adverse tax consequences). If CPC recommends
that a client roll over their retirement plan assets into an account to be managed by CPC, such a
recommendation creates a conflict of interest if CPC will earn new (or increase its current)
compensation as a result of the rollover. When acting in such capacity, CPC serves as a fiduciary under
the Employee Retirement Income Security Act (ERISA), or the Internal Revenue Code, or both, which are
the laws governing retirement plans. No client is under any obligation to rollover retirement plan assets
from an employer retirement plan or an existing IRA to an account managed by CPC. CPC’s Chief
Compliance Officer, Michael D. Miller, CFP®, ChFC®, AAMS™, remains available to address any questions
that a client or prospective client may have regarding the potential for conflict of interest presented by
such rollover recommendation.
Custodian Charges-Additional Fees. When requested to recommend a broker-dealer/custodian for client
accounts, CPC generally recommends that Charles Schwab and Co., Inc.(“Schwab”) serve as the broker-
dealer/custodian for client investment management assets. Broker-dealers such as Schwab may charge
brokerage commissions, transaction, and/or other fees for effecting certain types of securities
transactions. CPC does not receive any portion of these fees/charges. The types of securities for which
transaction fees, commissions, and/or other type fees (as well as the amount of those fees) shall differ
depending upon the broker-dealer/custodian that is selected. Please Note:
there can be no assurance
that Schwab will not change their transaction fee pricing in the future. Schwab may also assess fees to
clients who elect to receive trade confirmations and account statements by regular mail rather than
electronically. When beneficial to the client, individual fixed‐income and/or equity transactions may be
effected through broker‐dealers with whom CPC and or the client have entered into arrangements for
prime brokerage clearing services, including effecting certain client transactions through other SEC
registered and FINRA member broker‐dealers. These fees/charges are in addition to CPC’s investment
advisory fee as noted in Item 5 FEES & COMPENSATION.
Disclosure Statement. A copy of the CPC’s written Brochure and Client Relationship Summary, as set
forth on Part 2 of Form ADV and Form CRS, shall be provided to each client prior to the execution of any
advisory agreement.
Fees/Compensation. Schwab, like some competitors with similar pricing arrangements, does require
cash proceeds be automatically swept into a proprietary or affiliated money market mutual fund or cash
sweeps account. Such proprietary cash features, including affiliated bank sweeps or money fund
sweeps, do not provide the highest return available.
Idle Assets/Cash Positions. At any time, and for a substantial length of time, we may hold a significant
portion of a client’s assets in cash or money market mutual funds for defensive purposes depending upon
perceived or anticipated market conditions/events (there being no guarantee that such anticipated market
conditions/events will occur). Investments in these assets may cause a client to miss out on upswings in
the markets. Depending upon current yields, at any point in time, CPC’s advisory fee could exceed the
interest paid by the client’s cash or money market fund. Unless we expressly agree otherwise in writing,
account assets consisting of cash and money market mutual funds are included in the value of an account’s
assets for purposes of calculation of our fees.
Cash Sweep Accounts. Schwab, as account custodian, generally requires that cash proceeds from account
transactions or cash deposits be swept into and/or initially maintained in the custodian’s proprietary Bank
Sweep feature. The yield on the sweep account is generally lower than those available in money market
accounts. To help mitigate this issue, CPC shall generally purchase a higher yielding money market fund
available on the custodian’s platform with cash proceeds or deposits, unless CPC reasonably anticipates
that it will utilize the cash proceeds during the subsequent period to purchase additional investments for
the client’s account. Exceptions and/or modifications can and will occur with respect to all or a portion of
the cash balances for various reasons, including, but not limited to, the amount of dispersion between the
sweep account and a money market fund, the size of the cash balance, an indication from the client of an
imminent need for such cash, or the client has a demonstrated history of writing checks from the account.
Please Note: The above does not apply to the cash component maintained within CPC’s actively managed
investment strategy (the cash balances that generally remain in the custodian designated cash sweep
account), an indication from the client of a need for access to such cash, assets allocated to an unaffiliated
investment manager, and cash balances maintained for fee billing purposes. The client shall remain
exclusively responsible for yield dispersion/cash balance decisions and corresponding transactions for cash
balances maintained in any of CPCs unmanaged accounts.
Wrap Fee Program. CPC does not participate in a wrap fee program.
Cybersecurity Risk. The information technology systems and networks that CPC and its third-party
service providers use to provide services to CPC’s clients employ various controls, which are designed to
prevent cybersecurity incidents stemming from intentional or unintentional actions that could cause
significant interruptions in CPC’s operations and result in the unauthorized acquisition or use of clients’
confidential or non-public personal information. Clients and CPC are nonetheless subject to the risk of
cybersecurity incidents that could ultimately cause them to incur losses, including for example: financial
losses, cost and reputational damage to respond to regulatory obligations, other costs associated with
corrective measures, and loss from damage or interruption to systems. Although CPC has established its
processes to reduce the risk of cybersecurity incidents, there is no guarantee that these efforts will
always be successful, especially considering that CPC does not directly control the cybersecurity
measures and policies employed by third-party service providers. Clients could incur similar adverse
consequences resulting from cybersecurity incidents that more directly affect issuers of securities in
which those clients invest, broker-dealers, qualified custodians, governmental and other regulatory
authorities, exchange and other financial market operators, or other financial institutions.
FINANCIAL PLANNING SERVICES
Capital Planning offers a broad range of financial planning services for clients. The planning considers
your assets, liabilities, goals, objectives, and includes gathering information necessary to provide you
with appropriate and agreed upon services, which may include recommendations on one or more of the
following:
• Establishing Goals and Priorities
• Financial Objectives Monitoring
• Capital Needs Analysis (Goal Funding)
• Budget and Cash Flow Planning
• Debt and Liability Analysis
• Educational Funding
• Retirement Planning & Feasibility Report
• Executive Compensation Planning
• Comparative Executive Compensation Reviews
• Employee Stock Option Planning
• Investment Planning
• Tax Planning
• Risk Management Planning (Life and Disability Insurance)
• Estate & Trust Planning
• Charitable Gift Planning
• Business Planning
• Insurance Planning
Our Financial Planning Service includes all, or part of, the following process:
Gathering Information
We work with clients to mutually define their objectives prior to making recommendations. We
endeavor to collect sufficient information to understand the resources and objectives of clients. We use
interviews, questionnaires, and data collection forms to establish client’s goals and objectives.
Analyzing and Evaluating Goals and Objectives
We employ various tools to help analyze a client's information and gain an understanding of their goals
and objectives. We may use the client’s information to create models and illustrations for analysis. Our
analysis helps us form opinions regarding whether or not the client’s objectives may be met by their
resources and current course of action.
Developing and Presenting Recommendations
We develop, and present recommendations designed to help clients work toward achieving their goals
and objectives. Our recommendations may include our Wealth Management, Investment Management,
and or Financial Planning and Consulting services. See more below on Limitations. We may present our
analysis through verbal, electronic or written formats.
Implementing Recommendations
We work with clients to mutually agree on appropriate recommendations for implementation. Clients
are under no obligation to implement any recommendation we offer. We confirm our understanding
and respective responsibilities in signed agreements.
Monitoring Changes
In order to ensure that our initial determination of appropriate recommendations continues to be
suitable for clients, we maintain relevant client information pertaining to their objectives and risk
tolerance. Clients should notify us immediately of any change in their goals and objectives.
Outside Professionals
We may recommend outside professionals when clients require services we don’t offer. Outside
professionals are engaged by clients directly and those services are separate from our services.
Limitations of Financial Planning and Non-Investment Consulting/Implementation Services. As indicated
above, to the extent requested by the client, we will provide financial planning, and related consulting
services regarding non-investment related matters, such as tax and estate planning. We do not serve as
an attorney or accountant, and no portion of our services should be construed as legal or accounting
services. To the extent requested by a client, we may recommend the services of other professionals for
certain non-investment implementation purposes (e.g., attorneys, accountants, insurance, etc.),
including Michael D. Miller, CFP®, ChFC®, AAMS™, in his capacity as a licensed insurance agent. The
client is under no obligation to engage the services of any recommended professional. The client retains
absolute discretion over all implementation decisions and is free to accept or reject any
recommendation from us. If the client engages any recommended unaffiliated professional, and a
dispute arises, the client agrees to seek recourse exclusively from the engaged professional. If, and
when, we are involved in a specific matter (e.g., estate planning, insurance, accounting-related
engagement, etc.), it is the engaged licensed professionals (e.g., attorney, accountant, insurance agent,
etc.), and not our firm, that is responsible for the quality and competency of the services provided.
Margin/Securities Based Loans. CPC does not generally recommend the use of margin loans or securities
based loans (collectively, “SBLs”) as an investment strategy, in which the client would leverage
borrowed assets as collateral for the purchase of additional securities. However, CPC may recommend
that a client establish a margin account with the client’s broker-dealer/custodian or their affiliated
banks (each, an “SBL Lender”) to access SBLs for financial planning and cash flow management
purposes. For example, CPC may deem it advisable for a client to borrow money on margin to pay bills
or other expenses such as financing the purchase, construction, or maintenance of a real estate project.
Unlike a traditional real estate-backed loan, an SBL has the potential benefit of enabling borrowers:
access to funds in a shorter period of time; providing greater repayment flexibility; and may also result
in the borrower receiving certain tax benefits. Clients interested in learning more about the potential
tax benefits of borrowing money on margin should consult with an accountant or tax advisor.
The terms and conditions of each SBL are contained in a separate agreement between the client and the
SBL Lender selected by the client. Terms and conditions may vary from client to client. Borrowing funds
on margin is not suitable for all clients and is subject to certain risks, including but not limited to: increased
market risk, increased risk of loss, especially in the event of a significant downturn; liquidity risk; the
potential obligation to post collateral or repay the SBL if the SBL Lender determines that the value of
collateralized securities is no longer sufficient to support the value of the SBL; the risk that the SBL Lender
may liquidate the client’s securities to satisfy its demand for additional collateral or repayment; the risk
that the SBL Lender may terminate the SBL at any time. Before agreeing to participate in an SBL program,
clients should carefully review the applicable SBL agreement and all risk disclosures provided by the SBL
Lender including the initial margin and maintenance requirements for the specific program in which the
client enrolls, and the procedures for issuing “margin calls” and liquidating securities and other assets in
the client’s accounts. Clients may contact CPC’s Chief Compliance Officer Michael D. Miller, CFP®, ChFC®,
AAMS™, with any questions regarding the use of SBLs.
Excluded Assets & Reporting Only Services. CPC, in conjunction with the services provided by Envestnet,
and eMoney Advisor, may also provide periodic reporting services in an effort to include all of the
client’s investment assets, including those investment assets that are not part of the assets managed
by CPC (“Excluded Assets”). The client and/or their other advisors that maintain trading authority, and
not CPC, shall be exclusively responsible for the investment performance of the Excluded Assets. Unless
otherwise specifically agreed to, in writing, CPC’s service relative to the Excluded Assets is limited to
reporting only, which is referred to as our Reporting Only Services. As such, CPC does not maintain any
trading authority for the Excluded Assets. Rather, the client and/or the client’s designated other
investment professional(s) maintain supervision, monitoring and trading authority for the Excluded
Assets. If CPC is asked to make a recommendation as to any Excluded Assets, the client is under
absolutely no obligation to accept the recommendation, and CPC shall not be responsible for any
implementation error (e.g., timing, trading, etc.) relative to the Excluded Assets.
Client Retirement Plan Assets. CPC can provide investment advisory services relative to 401(k) plan
assets maintained by the client in conjunction with the retirement plan established by the client’s
employer. In such event, CPC shall recommend that the client allocate the retirement account assets
among the investment options available on the 401(k) platform. CPC’s ability shall be limited to the
allocation of the assets among the investment alternatives available through the plan. CPC will not
receive any communications from the plan sponsor or custodian, and it shall remain the client’s
exclusive obligation to notify CPC of any changes in investment alternatives, restrictions, etc. pertaining
to the retirement account.
Client Obligations. We are not required to, and we generally will not, verify any information received
from clients or their other professionals and are authorized to rely on the information in our possession.
Clients are responsible for promptly notifying us if there is ever any change in their financial situation or
investment objectives so that we can review, and if necessary, revise our previous recommendations or
services.
CONSULTING SERVICES
We may provide clients with one or more types of Consulting Services including Personal/Business
Consulting, Family Legacy Planning or Reporting Only.
Personal/Business Consulting is offered as client needs dictate and may include advice on isolated areas
of concern for securities and non-security related matters.
Investment Allocation Consulting is offered as client needs dictate and includes investment consulting
and asset allocation recommendations on accounts not held with Capital Planning, LLC (referred to as
“Excluded Assets”).
Family Legacy Planning is a service that helps clients create an estate and legacy plan including multiple
generations.
Reporting Only Services enables us to report on client accounts that are held with custodians,
institutions, and/or broker/dealers where CPC does not have an established relationship. These
accounts are referred to as “held away” and these assets are referred to as “Excluded Assets”. We
create a link to these accounts using software provided by unaffiliated third parties (currently eMoney
Advisor and Envestnet Asset Management) in order to calculate the investment performance of the
accounts and/or consolidate the account values with the client’s other assets. Reporting Only Services
are limited to reporting investment performance and values, and subject to certain limitations of the
third party software providers. We do not service, trade, administer or manage these accounts.
Reporting Only Service accounts have a separate annual fee per account. To the extent that reporting
software, such as eMoney, provides clients with access to other types of financial planning tools and
information, including financial planning concepts, access to use of such tools or information should not,
in any manner whatsoever, be construed as services, advice or recommendations provided by CPC.
Seminars & Webinars
We provide educational seminars and webinars on various topics including retirement planning,
investment planning, annual enrollment and benefit compensation, estate planning, and charitable
giving. Any investment information provided in seminars and webinars is educational in nature and does
not purport to meet the objectives or needs of any particular attendee. Our seminars and webinars are
typically sponsored by select groups and at times, may be open to the public.
Amount of Managed Assets
As of December 31, 2023, we actively manage approximately $549,366,088 of Clients’ assets on a
discretionary basis and $0 of Clients’ assets on a non-discretionary basis.