Overview
A. Description of the Advisory Firm
LK Financial Planning LLC is a Limited Liability Company organized in the state of New York.
This firm was formed in April of 2012, and the principal owner is Lawrence O. Kamin.
B. Types of Advisory Services
LK Financial Planning LLC (hereinafter “LKFP”) offers the following services to advisory clients:
Investment Supervisory Services
LKFP offers ongoing portfolio management services based on the individual goals, objectives,
time horizon, income, assets, tax situation, and risk tolerance of each client. For those clients
who seek portfolio management, LKFP creates an Investment Policy Statement that sets forth
a recommended asset allocation tailored to each client’s specific situation. Investment
Supervisory Services include, but are not limited to, the following:
Investment strategy
Asset allocation
Risk tolerance
Personal investment policy
Asset selection
Regular portfolio monitoring
LKFP evaluates the current investments of each client with respect to their risk tolerance levels
and time horizon. In most cases, LKFP will request discretionary authority from clients in order
to select securities appropriate for the recommended asset allocation and execute
transactions without permission from the client prior to each transaction.
Financial Planning
Financial plans and financial planning may include but are not limited to advice related to:
investment planning, life insurance; tax concerns; retirement planning; college planning; and
debt/credit planning. These services are based on fixed fees or hourly fees and the final fee
structure is documented in the Financial Planning Agreement.
If you request, LKFP may recommend the services of other professionals for implementation
purposes.
You are under no obligation to engage the services of any such recommended
professional. You retain absolute discretion over all such implementation decisions and are
free to accept or reject any recommendation from LKFP. If you engage any professional
recommended by LKFP, and a dispute arises thereafter relative to such engagement, you
agree to seek recourse exclusively from and against the engaged professional.
C. Client Tailored Services and Client Imposed Restrictions
LKFP offers the same suite of services to all of its clients. The specific services to be performed
are set forth in the client agreement. Moreover, specific client financial plans and their
implementation are dependent upon the client Investment Policy Statement which is based
upon each client’s current situation (income, tax levels, and risk tolerance levels) and sets
forth a client specific plan to aid in the selection of a portfolio that matches restrictions, needs,
and targets.
Clients may impose restrictions in investing in certain securities or types of securities in
accordance with their values or beliefs. However, if the restrictions prevent LKFP from properly
servicing the client account, or if the restrictions would require LKFP to deviate from its
standard suite of services, LKFP reserves the right to end the relationship.
D. Wrap Fee Programs
A wrap fee program is an investment program where the investor pays one stated fee that
includes management fees, transaction costs, fund expenses, and any other administrative
fees. LKFP does not participate in any wrap fee programs.
E. Assets under Management
As of January 30, 2024 LKFP had a total of $74,556,485 in assets under management across
40 Discretionary accounts.