Symphony Financial Planning, LLC (hereinafter “SFP” or “firm” or “we”) is a fee-only registered investment advisor with its principal place of business located in Davis, California. We have been in business since 2006, with Paul A. Meyerhoff as the sole owner, President and Chief Compliance Officer. As of December 31, 2022, discretionary assets under our firm’s management were $186,163,265, and non-discretionary assets were $2,385,991. SFP provides portfolio management and financial planning services to its clients. Included in this disclosure document are descriptions of these services, related fees, potential conflicts of interest, and other relevant information for clients and prospective clients. Symphony Financial Planning’s “Orchestra Service”: Portfolio Management and Financial Planning Combined SFP provides portfolio management services to its clients through its Orchestra Service. It typically does so by investing client assets in model portfolios developed by SFP, tailored to different investment objectives, time horizons, and risk tolerance. In some cases, these portfolios may be further customized depending on account size and client objectives. Our firm provides continuous advice to Orchestra Service clients regarding the investment of client funds managed by SFP 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, we develop a client's personal target asset allocation designating the approximate portfolio percentages to be allocated towards equities, fixed income, and cash, and create and manage a portfolio based on that target allocation. During our data-gathering process, we assess the client’s individual objectives, time horizons, risk tolerance and income and liquidity needs. We may also review and discuss a client’s prior investment history and current investment holdings, as well as family composition and background. We will manage advisory accounts on a discretionary or non-discretionary basis, depending on the specific agreement with the client. For discretionary accounts, we will implement transactions without seeking prior client consent. For non-discretionary accounts, we will seek prior client consent for every contemplated transaction. Therefore, clients with non-discretionary accounts should understand that any delay in obtaining consent may result in less favorable transaction terms, including higher security price, higher commissions, and/or limited availability of the securities sought. Account supervision is guided by the stated objectives of the client as well as tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. SFP will provide financial planning advice as part of its Orchestra Service. The topic areas to be addressed will be those discussed under the Duet (hourly planning) Services section below. The specific topic areas to be addressed will be those most relevant to each client’s circumstances and stage in life as determined by SFP in consultation with the Client. The financial planning advice will be delivered using a modular approach, wherein one or more modules addressing specific topic areas will be delivered each year as part of the Orchestra Service. As a result, each of the six topic areas of personal finance will be reviewed over a period of time, typically three to five years. The most relevant and time-sensitive issues will be addressed within the first year. Discussion of financial planning topics and recommendations will take place during periodic client review meetings, but at least annually. Financial planning recommendations and analysis may be provided verbally, in writing, or electronically, depending on the complexity and amount of detail required. At a minimum, a written list of action items will be provided at least annually pertaining to the personal finance topic area(s) covered in that year, assuming the client has met with us in that year. Clients need to be available for consultations in person or by phone in order to receive financial planning advice. Actual implementation of the recommendations is the responsibility of Client and is not included in the Orchestra Services fee unless it relates to an investment account specifically managed by SFP for the Client. SFP’s offering of financial planning services to Orchestra Service clients is contingent upon those clients providing the necessary financial documents and information to SFP in a timely and convenient manner. SFP makes available to Orchestra Service clients electronic online data aggregation services to automate collection of this information. Clients are not required to use these systems, but Clients should understand that lack of ready access to accurate financial information may prevent SFP from providing financial planning advice. Cash Management Accounts In instances where clients wish to maintain a significant cash balance in their accounts on an ongoing basis, or they have non-cash securities which they plan to hold indefinitely for tax or other reasons, a separate cash management account may be established as part of the Orchestra Service we provide. The primary purpose of these accounts is to hold cash and CDs, and in some circumstances fixed income securities of short duration, for administration of client cash flow needs at a cost that is less than what would be charged to the client for a more fully invested account. We will assist clients in determining the amount of cash and short-duration fixed income securities to hold in these accounts, and in transferring cash to or from other accounts as needed to meet client objectives. We will also monitor these accounts as we do with other managed accounts and place trades in non-cash securities as needed to maintain desired cash balances. Clients should understand that the advisory fees on Cash Management Accounts may exceed the returns provided by these accounts, especially in low interest rate environments. Symphony Financial Planning’s “Duet Service”: Financial Planning on an Hourly Basis without Portfolio Management SFP offers financial planning advice on a more limited, hourly basis known as its “Duet Service.” This may include advice on one or more of the following topics:
• Cash, debt,

and budget planning: Analyzing income, expenses, and debt to determine the most efficient use of income to meet one’s goals.
• Investment planning: Analyzing a client’s current portfolio and opportunities to consolidate accounts where appropriate, and recommending changes as needed to align the portfolio with a client’s objectives.
• Retirement planning: Understanding how goals for retirement lifestyle translate into financial needs. Estimating how much income can be expected from pensions and government programs, and how much one needs to save to augment those sources. In retirement, estimating how much one can withdraw from investments on a sustainable basis.
• Tax planning: Analyzing a client’s current taxes and looking for ways to minimize short and long-term tax expenses in ways that are consistent with their overall financial goals.
• Risk management and insurance planning: Identifying financial risks that a client is exposed to such as premature death, disability, longevity, personal liability, property loss, and long-term care expense, and developing recommendations to address each, such as insurance or risk avoidance.
• Estate and gift planning: Analyzing a client’s estate with respect to how assets may be transferred at death or by gifting, along with potential tax liabilities, and providing general information on strategies to address these issues that can then be discussed with and implemented by the client’s attorney. The scope of the engagement is limited to the areas identified at the start of the engagement in the Financial Planning Agreement. Analysis and advice may be provided verbally and/or in writing, depending on the complexity of the topic and the client’s request. The engagement and client-advisor relationship is completed once the advice designated in the agreement has been provided and a final invoice has been issued. Should a client choose to implement the recommendations contained in an Hourly “Duet” Consultation, we suggest the client work closely with his/her attorney, accountant, insurance agent, and/or stockbroker. A client can implement securities-related recommendations of the plan by utilizing our firm’s Orchestra Service, through another investment manager, or by self-managing their portfolio. Implementation of the recommendations is entirely at the client's discretion. Pension Consulting Services We also provide several pension advisory services separately or in combination. While the primary clients for these services will be pension, profit sharing and 401(k) plans, we offer these services, where appropriate, to individuals and trusts, estates, and charitable organizations. Pension Consulting Services are comprised of four distinct services. Clients may choose to use any or all of these services. Investment Policy Statement Preparation (hereinafter referred to as ''IPS''): We will meet with the client (in person or by video or teleconference) to determine an appropriate investment strategy that reflects the plan sponsor's stated investment objectives for management of the overall plan. Our firm then prepares a written IPS detailing those needs and goals, including an encompassing policy under which these goals are to be achieved. The IPS also lists the criteria for selection of investment vehicles as well as the procedures and timing interval for monitoring of investment performance. Selection of Investment Vehicles: We assist plan sponsors in constructing appropriate asset allocation models. We will then review various mutual funds (both index and managed) to determine which investments are appropriate to implement the client's IPS. The number of investments to be recommended will be determined by the client, based on the IPS. Monitoring of Investment Performance: We monitor client investments continually, based on the procedures and timing intervals delineated in the Investment Policy Statement. Although our firm is not involved in any way in the purchase or sale of these investments, we supervise the client's portfolio and will make recommendations to the client as market factors and the client's needs dictate. Employee Communications: For pension, profit sharing and 401(k) plan clients with individual plan participants exercising control over assets in their own account (''self-directed plans''), we may also provide quarterly educational support and investment workshops designed for the plan participants. The nature of the topics to be covered will be determined by us and the client under the guidelines established in ERISA Section 404(c). The educational support and investment workshops will NOT provide plan participants with individualized, tailored investment advice or individualized, tailored asset allocation recommendations. Services in General We tailor all of our advisory recommendations to the individual needs of each client. All advisory recommendations are based on information gathered through client statements, questionnaires, electronic communications, correspondence, and video, telephone, and in- person discussions. Our investment advice is not limited to any specific product or service offered by a broker dealer or insurance company and will primarily include advice regarding the following instruments:
• No-load or load waived mutual funds
• Exchange Traded Funds (ETFs) Occasionally, we may also advise clients on the following instruments:
• Load mutual funds
• Domestic and foreign equity securities
• Fixed income securities
• Warrants
• Commercial paper
• Certificates of Deposit
• Variable life insurance
• Variable annuities
• Option contracts
• Interests in private placement securities We may also provide advice on separate account investments with investment managers as part of our Duet financial planning service. However, Symphony Financial Planning does not select third-party managers or monitor separate accounts as part of our Orchestra portfolio management service. For California Residents: California clients will only be referred to third-party money managers licensed as investment advisors in the State of California, notice filed with the California Department of Corporations, or otherwise exempt from California filing requirements.