FirmInformation RetireRightisafull-serviceretirementplanconsultinggroupwithateamofindustryprofessionals,each withmorethan25yearsofindustryexperience. Beingbothvendorandinvestmentneutral,ourfunction istoserveastrueindependentconsultants. Webringourclientsadvice,innovativedesignideas, sophisticatedguidance,andexperience-backedrecommendations.
RetireRightprovidesinvestmentandretirementplanconsultingservicestocorporations,government entities,non-profitorganizations,andindividuals.Wehelpfiduciariesseekprotectionfromthepersonal andcorporateliabilityrelatedtotheretirementplan,whileaimingtoenhancepotentialinvestment opportunitiesandultimatelyhelpingparticipantsworktowardfinancialsecurity. Inhelpingplan sponsorsdeliverhighqualityretirementprogramswehelpcontaincosts,addressregulatory requirements,andpromoteanindependentprudentprocess.
Thefirmwasfoundedonthebeliefthataretirementplanservesatruepurposetoparticipantsandthe organization. Thefirmisemployee-centricandcommittedtocreatinganexceptionalretirementplan experience.
ExecutiveManagementTeam BrianR.Ormord,ManagingMember Focusingonemployersandretirementplanningsince1990,Brianstartedhiscareerworkingforoneof the401(k)industry'sleadingretirementplanproviders. Brianhasbeensecuritiesregisteredsince Septemberof1994.
Mr.OrmordearnedtheCharteredRetirementPlansSpecialist®(CRPS®)designationfromTheCollege forFinancialPlanning.In2005,BriancompletedtheAccreditedInvestmentFiduciary®(AIF®)program throughtheCenterforFiduciaryStudies.Thisdesignationalongwiththeeducationreceivedand commitmenttotheAIF®ethicalpolicyhaspreparedBriantoassistplansponsorswiththeselectionand ongoingmonitoringoftheinvestmentofferingsintheirplan.Inmanycases,Briancanserveasa3(21) fiduciarytotheplan.HeearnedtheProfessionalPlanConsultant™designation,alsofromtheCenterfor FiduciaryStudies. HeholdstheFINRASeries6,7,63and66registrations.
Mr.OrmordalsoprovidesinvestmentservicestocustomersofPremierBankandmaintainsanofficeata branchlocation,additionaldetailsareprovidedinhisindividualdisclosurebrochure(ADV2B).
Henry(Dan)Kinney,ManagingMember Mr.KinneystartedintheFinancialServicesbusinessonSeptember1,1987,thethirdgenerationofhis familytodosoandisdedicatedtodevelopingandimplementingprocessesforhisclientsthatwork towardsimprovingpersonalandcorporateretirementplans. HeholdstheFINRA6,7,and63 registrations. Danhasworkedwithoneofthenation’sleadingpensioncompanies.Heisalsoan AccreditedInvestmentFiduciary®(AIF®). DanworkswithhisclientsasanERISA3(21)Co-fiduciaryand isalwaysseekingoutnewwaystoimprovehisclients'experience.
A1986GraduateoftheUniversityofIowa,anda1984GraduateofNewMexicoMilitaryInstitute. He servedasanOfficerintheIowaNationalGuard,1/133rd,asanInfantryPlatoonLeader,Company Commander,andBattalionStaffOfficer. In1991DanspenttheyearinMoscow,Russiaastheheadofa tradeorganizationbetweenIowaandRussiacalledJBDeMos. HeisalsoagraduateoftheGreaterDes MoinesLeadershipInstituteandwasawardedthe'40under40'designationbytheDesMoinesBusiness Record.
DirkM.Dixon,ManagingMember Mr.DixonisanEnrolledAgent(EA)withalicensetopracticedirectlyfromtheIRSandtheUnitedStates TreasuryandanAccreditedInvestmentFiduciary®(AIF®). AftermakingtheDeans’Listeverysemester atGrandViewCollege,hegraduatedin1997withaBachelorofBusinessAdministration. Heholdsthe FINRA6,63,and65. Dirkisamemberof the IowaBoardofAccountancy.Thestateboardistheonlybody thatcanrevokealicensetopractice. Stateboardsarenotaffiliatedwithanytradeassociation.Board members,bothdrawnfromtheaccountingprofessionandothers,areappointedtoservebythe Governor.Stateboardsofaccountancyhavedisciplinaryandenforcementpowersoverlicenseesand operateonacomplaint-basedsystem.
ServicesOffered Servicesareprovidedprimarilytocorporations,governmententities,non-profitorganizations,and individualsbyprovidingregularandcontinuousmanagementandsupervisionofassetsaswellas providingfinancialplanningservices. Assetsaremanagedwithafocusoninvestmentgoals,objectives, risktoleranceandfinancialsituation. Investmentportfoliosconsistoflow-cost,diversifiedmutualfunds and/orexchange-tradedfunds(“ETFs”)aswellasindividualstocks,bonds,margin,shorts,alternative investments,and/oroptionscontractsasappropriate. Thefirm’sinvestmentstrategy[ies]isprimarily long-termfocused,butthefirmmaybuy,sell,orre-allocatepositionsthathavebeenheldlessthanone yeartomeettheobjectivesoftheClientorduetomarketconditions.

• Atnotimewillthefirmacceptormaintaincustodyoffundsorsecurities.AllClientassetswillbe managedwithinthedesignatedaccount[s]attheCustodian,pursuanttothetermsofthe agreement.PleaseseeItem12–BrokeragePracticesandItem15-Custody.

• Investmentadvisorrepresentativesprovideadviceonthepurchaseandsaleofvarioustypesof investments,suchasmutualfunds,exchange-tradedfunds(“ETFs”),variableannuitysubaccounts, realestateinvestmenttrusts(“REITs”),equities,andfixedincomesecurities.

• Theadviceistailoredtotheindividualneedsoftheclientbasedontheinvestmentobjective chosenbytheclientinordertoassistclientsinattemptingtomeettheirfinancialgoals.

• Accountsarereviewedonaregularbasisandrebalancedasnecessaryaccordingtoeachclient’s investmentprofile.Morespecificaccountinformationandacknowledgementsarefurtherdetailed intheaccountopeningdocuments.

• Investmentadvisorrepresentativecanassistaclientinidentifyingathird-partyportfolio manager. ThePortfolioManagermanagesclient’sassetsonadiscretionarybasis.
o ThefirmwillprovideinitialandongoingassistanceregardingthePortfolioManager selectionprocess.
o TheclientcanauthorizethePortfolioManagertoactonadiscretionarybasistopurchase, sellandrebalancetheaccountholdings.
Aminimumaccountvalueof$5,000to$250,000isgenerallyrequiredtoopenanaccountdependingon theplatformselected. Additionalplatformdetailsandplatformspecificdisclosurebrochuresare providedaspartoftheaccountopeningprocess.
LPLFinancial(LPL)SponsoredPrograms StrategicWealthManagement(SWMIandSWMII) StrategicWealthManagementisthenameofthecustodialaccountofferedthroughLPLtosupport investmentadvisoryservicesprovidedbythefirm.WithinaSWMaccount,investmentadvisor representativesprovideadviceonthepurchaseandsaleofvarioustypesofinvestments,suchasmutual funds,exchange-tradedfunds(“ETFs”),variableannuitysubaccounts,realestateinvestmenttrusts (“REITs”),equities,andfixedincomesecurities.Theadviceistailoredtotheindividualneedsoftheclient basedontheinvestmentobjectivechosenbytheclientinordertoassistclientsinattemptingtomeet theirfinancialgoals.Accountsarereviewedonaregularbasisandrebalancedasnecessaryaccordingto eachclient’sinvestmentprofile.Morespecificaccountinformationandacknowledgementsarefurther detailedintheaccountopeningdocuments.
InvestmentAdvisorRepresentativescanofferSWMIorSWMII.Theaccountsofferthesameinvestment choicesandaremanagedinthesamemanner,butthefeestructureisdifferent. ForSWMI,clientsare chargedtransactionfeesinadditiontotheadvisoryfee,whereasforSWMII,thetransactionfeesare absorbedaspartoftheadvisoryfee.
RetireRightWrapFeeProgram ThefirmoffersSWMIIasawrapfeeprogramwherethefirmactsasthesponsorandportfoliomanager.

• Awrapfeeprogramisacomprehensiveadvisoryaccountwithasinglefeethatcoversabundleof servicessuchas,portfoliomanagement,advice,andinvestmentresearchaswellastrade execution,custody,andreportingfee.

• PleaseseeAppendix1–WrapFeeProgramBrochure,whichisincludedasasupplementtothis DisclosureBrochure.TheadvisoryfeefortheWrapFeeProgramtoaccountforthetransaction fees.
Dependingontheanticipatedleveloftrading,investmentadvisorrepresentativesofthefirmwillwork witheachclienttodeterminethemostcost-effectivefeestructure.
OptimumMarketPortfoliosProgram(OMP) OMPoffersclientstheabilitytoparticipateinaprofessionallymanagedassetallocationprogramusing OptimumFundsshares. UnderOMP,clientwillauthorizeLPLonadiscretionarybasistopurchaseand sellOptimumFundspursuanttoinvestmentobjectiveschosenbytheclient. Investmentadvisor representativewillassisttheclientindeterminingthesuitabilityofOMPfortheclientandassistthe clientinsettinganappropriateinvestmentobjective. Investmentadvisorrepresentativewillhave discretiontoselectamutualfundassetallocationportfoliodesignedbyLPLconsistentwiththeclient’s investmentobjective. LPLwillhavediscretiontopurchaseandsellOptimumFundspursuanttothe portfolioselectedfortheclient. LPLwillalsohaveauthoritytorebalancetheaccount.
Aminimumaccountvalueof$10,000isrequiredforOMP. Incertaininstances,LPLwillpermitalower minimumaccountsize.
ModelWealthPortfoliosPrograms(MWP) MWPoffersclientsaprofessionallymanagedmutualfundassetallocationprogram. GoodLifeAdvisors willobtainthenecessaryfinancialdatafromtheclient,assisttheclientindeterminingthesuitabilityof theMWPprogramandassisttheclientinsettinganappropriateinvestmentobjective. Theinvestment advisorrepresentativewillinitiatethestepsnecessarytoopenanMWPaccountandhavediscretionto selectamodelportfoliodesignedbyLPL’sResearchDepartmentconsistentwiththeclient’sstated investmentobjective. LPL’sResearchDepartmentorthird-partyportfoliostrategistsareresponsiblefor selectingthemutualfundsorETFswithinamodelportfolioandformakingchangestothemutualfunds orETFsselected.
TheclientwillauthorizeLPLtoactonadiscretionarybasistopurchaseandsellmutualfundsandETFs andtoliquidatepreviouslypurchasedsecurities. TheclientwillalsoauthorizeLPLtoeffectrebalancing forMWPaccounts.
MWPrequiresaminimumassetvalueforaprogramaccounttobemanaged.Theminimumsvary dependingontheportfolio(s)selectedandtheaccount’sallocationamongstportfolios.Thelowest minimumforaportfoliois$10,000.Incertaininstances,alowerminimumforaportfolioispermitted.
GuidedWealthPortfolios(GWP) GWPoffersclientstheabilitytoparticipateinacentrallymanaged,algorithm-basedinvestmentprogram, whichismadeavailabletousersandclientsthroughaweb-based,interactiveaccountmanagement portal(“InvestorPortal”). Investmentrecommendationstobuyandsellopen-endmutualfundsand exchange-tradedfundsaregeneratedthroughproprietary,automated,computeralgorithms(collectively, the“Algorithm”)ofXulu,Inc.,doingbusinessasFutureAdvisors(“FutureAdvisors”),baseduponmodel portfoliosconstructedbyLPLandselectedfortheaccountasdescribedbelow(suchmodelportfolio selectedfortheaccount,the“ModelPortfolio”).CommunicationsconcerningGWPareintendedtooccur primarilythroughelectronicmeans(includingbutnotlimitedto,throughemailcommunicationsor throughtheInvestorPortal),althoughthefirmwillbeavailabletodiscussinvestmentstrategies, objectives,ortheaccountingeneralinpersonorviatelephone.
Withintheapplicableallocationtrackandbaseduponaclient’schosenRetirementAgeintheClient Profile,theclientwillbeassignedaModelPortfolioandoneoffivebroker-dealer’sstandardinvestment objectives:
• Incomewithcapitalpreservation.Designedasalonger-termaccumulationaccount,this investmentobjectiveisconsideredgenerallythemostconservative.Emphasisisplacedon generationofcurrentincomewithminimalriskofcapitalloss. Loweringtheriskgenerallymeans loweringthepotentialincomeandoverallreturn.

• Incomewithmoderategrowth.Thisinvestmentobjectiveemphasizesgenerationofcurrent incomewithasecondaryfocusonmoderatecapitalgrowth.

• Growthwithincome.Thisinvestmentobjectiveemphasizesmodestcapitalgrowthwithsome focusongenerationofcurrentincome.

• Growth.Thisinvestmentobjectiveemphasizesachievinghighlong-termgrowthandcapital appreciation. Thereislittlefocusongenerationofcurrentincome.

• Aggressivegrowth.Thisinvestmentobjectiveemphasizesaggressivegrowthandmaximumcapital appreciation,withnofocusongenerationofcurrentincome. Thisobjectivehasaveryhighlevelof riskandisforinvestorswithalongertimerhorizon.
AsaclientapproachestheRetirementAge,theAlgorithmwillautomaticallyadjusttheclient’sasset allocation. AnychangetotheInvestmentObjectivedirectedbyaclientduetochangesintheClient’srisk toleranceand/orRetirementAgewillrequirewrittenapprovalfromtheclientandthefirmbefore implementation. FailuretoapprovethechangeinInvestmentObjectivemayresultinaclientremaining inaModelPortfoliothatisnolongeralignedwiththeapplicableClientProfile. TheInvestmentObjective selectedfortheaccountisanoverallobjectivefortheentireaccountandmaybeinconsistentwitha particularholdingandtheaccount’sperformanceatanytimeandmaybeinconsistentwithotherasset allocationssuggestedtoclientbybroker/dealer,thefirmorFutureAdvisorspriortocliententeringinto theAccountAgreement. Thetermsandconditionsforclientparticipationintheadvisoryprogramsare setforthinthefirm’advisoryagreementsandaccountpaperworkfortheadvisoryprograms.
RetirementPlanConsultingServices Investmentadvisorrepresentativesassistclientsthataretrusteesorotherfiduciariestoretirement plans(“Plans”)byprovidingfee-basedconsultingand/oradvisoryservices. Investmentadvisor representativesperformoneormoreofthefollowingservices,asselectedbytheclientintheclient agreement:
• Assistanceinthepreparationorreviewofaninvestmentpolicystatement(“IPS”)forthePlan baseduponconsultationwithclienttoascertainPlan’sinvestmentobjectivesandconstraints.

• ActingasaliaisonbetweenthePlanandserviceproviders,productsponsorsorvendors.

• Ongoingmonitoringofinvestmentmanager(s)orinvestmentsinrelationtothecriteria specifiedinthePlan’sIPSorotherwrittenguidelinesprovidedbytheclienttotheIAR.

• PreparationofreportsdescribingtheperformanceofPlaninvestmentmanager(s)or investments,aswellascomparingtheperformancetobenchmarks.

• Ongoing recommendations for consideration and selection by client about specific investments to be held by the Plan or, in the case of a participant-directed defined contributionplan,tobemadeavailableasinvestmentoptionsunderthePlan.

• TrainingforthemembersofthePlanCommitteeregardingtheirserviceontheCommittee, includingeducationandconsultingwithrespecttofiduciaryresponsibilities.

• AssistanceinenrollingPlanparticipantsinthePlan,includingconductinganagreedupon numberofenrollmentmeetings.Aspartofsuchmeetings,Representativesmayprovide participantswithinformationaboutthePlan,whichincludesinformationonthebenefitsofPlan participation,thebenefitsofincreasingPlancontributions,theimpactofpre-retirement withdrawalson retirementincome,thetermsofthePlanandtheoperationofthePlan.

• AssistancewithinvestmenteducationseminarsandmeetingsforPlanparticipants.Such meetingsmaybeonagrouporindividualbasisandincludesinformationabouttheinvestment optionsunderthePlan(e.g.,investmentobjectives,risk/returncharacteristics,andhistorical performance),investmentconcepts(e.g.,diversification,assetclasses,andriskandreturn),and howtodetermineinvestmenttimehorizonsandassessrisktolerance.Suchmeetingsdonot includespecificinvestmentadviceaboutinvestmentoptionsunderthePlanasbeing appropriateforaparticularparticipant.

• Assistanceatclient’sdirectioninmakingchangestoinvestmentoptionsunderthePlan.

•

Assistancewiththepreparation,distributionandevaluationofRequestforProposals,finalist interviews,andconversionsupportinconnectionwithvendoranalysisandserviceprovider support.

• PreparationofcomparisonsofPlandata(e.g.,regardingfeesandservicesandparticipant enrollmentandcontributions)todatafromthePlan’sprioryearsand/orabenchmarkgroupof similarplans.

• AssistanceinidentifyingthefeesandothercostsbornebythePlanfor,asspecifiedbyclient, investmentmanagement,recordkeeping,participanteducation,participantcommunication and/orotherservicesprovidedwithrespecttothePlan.

• Non-DiscretionaryModelPortfolios.IARwillrecommend,forconsiderationandapprovalby Client,(i)assetallocationtarget-dateorrisk-basedmodelportfoliosforthePlantomakeavailable toPlanparticipants,and(ii)fundsfromtheline-upofinvestmentoptionschosenbytheClientto includeinsuchmodelportfolios.
IfthePlanmakesavailablepubliclytradedemployerstock(“companystock”)asaninvestmentoption underthePlan,Representativesdonotprovideinvestmentadviceregardingcompanystockandarenot responsibleforthedecisiontooffercompanystockasaninvestmentoption. Inaddition,ifparticipants inthePlaninvesttheassetsintheiraccountsthroughindividualbrokerageaccounts,amutualfund window,orothersimilararrangement,orobtainparticipantloans,IARsdonotprovideany individualizedadviceorrecommendationstotheparticipantsregardingthesedecisions. Furthermore, IARsdonotprovideindividualizedinvestmentadvicetoPlanparticipantsregardingtheirPlanassets.
IfaclientelectstoengagethefirmandourInvestmentAdvisorRepresentativestoperformongoing investmentmonitoringandongoinginvestmentrecommendationservicesintheclientagreement,such serviceswillconstitute“investmentadvice”underSection3(21)(A)(ii)ofERISA. Therefore,thefirmand ourIARwillbedeemeda“fiduciary”assuchtermisdefinedunderSection3(21)(A)(ii)ofERISAin connectionwiththoseservices.ClientsshouldunderstandthattotheextentthefirmandourIARsare engagedtoperformservicesotherthanongoinginvestmentmonitoringandrecommendations,those servicesarenot“investmentadvice”underERISA,andtherefore,thefirmandourIARswillnotbea “fiduciary”underERISAwithrespecttothoseotherservices.
RetirementPlanRollovers Anemployeegenerallyhasfour(4)optionsfortheirretirementplanwhentheyleaveanemployer: Leavethemoneyinhis/herformeremployer’splan,ifpermitted Rollovertheassetstohis/hernewemployer’splanifoneisavailableandpermitted RollovertoanIndividualRetirementAccount(IRA),or Cashouttheaccountvalue,whichhassignificanttaxconsiderations Eachoftheseoptionshasadvantagesanddisadvantagesandbeforemakingachangeweencourageyouto speakwithyourCPAand/ortaxattorney.Ifyouareconsideringrollingoveryourretirementfundstoan IRAforustomanagehereareafewpointstoconsiderbeforeyoudoso:
• Determinewhethertheinvestmentoptionsinyouremployer'sretirementplanaddressyourneeds orwhetheryoumightwanttoconsiderothertypesofinvestments.

• EmployerretirementplansgenerallyhaveamorelimitedinvestmentmenuthanIRAs.

• Employerretirementplansmayhaveuniqueinvestmentoptionsnotavailabletothepublicsuchas employersecurities,orpreviouslyclosedfunds.

• Yourcurrentplanmayhavelowerfeesthanourfees.
IfyouelecttorolltheassetstoanIRAthatissubjecttoourmanagement,wewillchargeyouanasset-based feeassetforthintheagreementyouexecutedwithourfirm.Thispracticepresentsaconflictofinterest becauseInvestmentAdvisorRepresentativeshaveanincentivetorecommendarollovertoyouforthe purposeofgeneratingfee-basedcompensationratherthansolelybasedonyourneeds.Youareunderno obligation,contractuallyorotherwise,tocompletetherollover.Moreover,ifyoudocompletetherollover, youareundernoobligationtohavetheassetsinanIRAmanagedbyourfirm.
Manyemployerspermitformeremployeestokeeptheirretirementassetsintheircompanyplan.Also, currentemployeescansometimesmoveassetsoutoftheircompanyplanbeforetheyretireorchangejobs.
IndeterminingwhethertocompletetherollovertoanIRA,andtotheextentthefollowingoptionsare available,youshouldconsiderthecostsandbenefitsofeach.Anemployeewilltypicallybeinvestingonly inmutualfunds,youshouldunderstandthecoststructureoftheshareclasses,availableinyouremployer's retirementplanandhowthecostsofthoseshareclassescomparewiththoseavailableinanIRA.Clients shouldunderstandthevariousproductsandservicestheymighttakeadvantageofatanIRAproviderand thepotentialcostsofthoseproductsandservices.

• Ourstrategymayhavehigherriskthantheoption(s)providedtoyouinyourplan.

• Yourcurrentplanmayalsoofferfinancialadvice.

• Ifyoukeepyourassetstitledina401korretirementaccount,participantscouldpotentiallydelay theirrequiredminimumdistributionbeyondage.

• A401(k)mayoffermoreliabilityprotectionthanarolloverIRA;eachstatemayvary.

• Participantsmaybeabletotakeoutaloanonyour401k,butnotfromanIRA.
IRAassetscanbeaccessedanytime;however,distributionsaresubjecttoordinaryincometaxandmay alsobesubjecttoa10%earlydistributionpenaltyunlesstheyqualifyforanexceptionsuchasdisability, highereducationexpensesorthepurchaseofahome.
Ifcompanystockisownedinaplan,participantsmaybeabletoliquidatethosesharesatalowercapital gainstaxrate.
PlansmayallowAdvisortobehiredasthemanagerandkeeptheassetstitledintheplanname.
Generally,federallawprotectsassetsinqualifiedplansfromcreditors.Since2005,IRAassetshavebeen generallyprotectedfromcreditorsinbankruptcies.However,therecanbesomeexceptionstothegeneral rulessoyoushouldconsultwithanattorneyifyouareconcernedaboutprotectingyourretirementplan assetsfromcreditors.
Itisimportanttounderstandthedifferencesbetweenthesetypesofaccountsandtodecidewhethera rolloveristhebestoption.Priortoproceeding,ifyouhavequestionscontactyourInvestmentAdviser Representative,orcallourmainnumberaslistedonthecoverpageofthisbrochure.
WhenAdvisorprovidesinvestmentadvicetoyouregardingyourretirementplanaccountorindividual retirementaccount,wearefiduciarieswithinthemeaningofTitleIoftheEmployeeRetirementIncome SecurityActand/ortheInternalRevenueCode,asapplicable,whicharelawsgoverningretirement accounts.Thewaywemakemoneycreatessomeconflictswithyourinterests,soweoperateundera specialrulethatrequiresustoactinyourbestinterestandnotputourinterestaheadofyours.Underthis specialrule’sprovisions,wemust:
• Meetaprofessionalstandardofcarewhenmakinginvestmentrecommendations(giveprudent advice);
• Neverputourfinancialinterestsaheadofyourswhenmakingrecommendations(giveloyaladvice);
• Avoidmisleadingstatementsaboutconflictsofinterest,fees,andinvestments;
• Followpoliciesandproceduresdesignedtoensurethatwegiveadvicethatisinyourbestinterest;
• Chargenomorethanisreasonableforourservices;and
• Giveyoubasicinformationaboutconflictsofinterest.

• Advisoralsoprovideseducationalservicestoretirementplanparticipantswithassetsthatcould potentiallyberolled-overtoanIRAadvisoryaccount.EducationisbasedonaparticularClient’s financialcircumstancesandbestinterests.Again,Advisorhasanincentivetorecommendsucha rolloverbasedonthecompensationreceived,whichismitigatedbythefiduciarydutytoactina Client’sbestinterestandactingaccordingly.
ERISAFiduciary SuchservicesprovidedasanIARaresubjecttotheInvestmentAdvisersActof1940(“AdvisersAct”),and theadvisorisafiduciaryundertheAdvisersActwithrespecttosuchservices. Inaddition,ifclientelectsto engageanIARtoperformongoinginvestmentmonitoringandongoinginvestmentrecommendation servicestoaPlansubjecttoERISAintheclientagreement,suchserviceswillconstitute“investmentadvice” underSection3(21)or3(38)ofERISA.Therefore,theIARswillbedeemeda“fiduciary”assuchtermis definedunderSection3(21)or3(38)ofERISAinconnectionwiththoseservices.Clientsshouldunderstand thattotheextenttheinvestmentadvisorrepresentativeisengagedtoperformservicesotherthanongoing investmentmonitoringandrecommendations,thoseservicesarenot“investmentadvice”underERISAand therefore,theinvestmentadvisorrepresentativewillnotbea“fiduciary”underERISAwithrespecttothose otherservices.
FromtimetotimetheIARmaymakethePlanorPlanparticipantsawareofandmayofferservicesavailable fromIARthatareseparateandapartfromtheservicesprovidedunderRetirementPlanConsulting.Such otherservicesmaybeservicestothePlan,toaclientwithrespecttoclient'sresponsibilitiestothePlan and/ortooneormorePlanparticipants. Inofferinganysuchservices,theinvestmentadvisor representativeisnotactingasafiduciaryunderERISAwithrespecttosuchofferingofservices.Ifanysuch separateservicesareofferedtoaclient,theclientwillmakeanindependentassessmentofsuchservices withoutrelianceontheadviceorjudgmentoftheIAR.
SmallMarketSolution(SMS)Program UnderSMS,LPLResearch(ateamofinvestmentprofessionalswithinLPL)createsandmaintainsaseries ofdifferentinvestmentmenus(“InvestmentMenus”)consistingofamixofdifferentassetclassesand investmentvehicles(“investmentoptions”)forclientsthatsponsorandmaintainparticipant-directed definedcontributionplans(“PlanSponsors”).ThePlanSponsorisresponsibleforselectingthe InvestmentMenuthatitbelievesisappropriatebasedonthedemographicsandothercharacteristicsof thePlananditsparticipants.broker/dealerResearchisresponsiblefortheselectionandmonitoringof theinvestmentoptionsmadeavailablethroughInvestmentMenus(“FiduciarySelectionServices”).The investmentoptionsthatareofferedthroughSMSarelimitedtothespecificinvestmentsavailablethrough therecordkeeperthatthePlanSponsorselects.ThePlanSponsormayonlyselectanInvestmentMenuin itsentiretyanddoesnothavetheoptiontoremoveorsubstituteaninvestmentoption.

• IfthePlanissubjecttoERISA,broker/dealerwillbea“fiduciary”andserveas“investment manager”(asthattermisdefinedinsection3(38)ofERISA)inconnectionwiththeFiduciary SelectionServices.NoneoftheservicesofferedunderSMSotherthantheFiduciarySelection Serviceswillconstitute“investmentadvice”under3(21)(A)(ii)ofERISA,orotherwisecause broker/dealerorthefirmtobedeemedafiduciary.
InadditiontotheFiduciarySelectionServices,PlanSponsormayalsoselectfromanumberofnon- fiduciaryconsultingservicesavailableunderSMSthatareprovidedbythefirm.Theseconsultingservices mayincludebutarenotlimitedtogeneraleducationandsupportregardingthePlanandtheinvestment optionsselectedbyPlanSponsor;assistanceregardingtheselectionof,andongoingrelationship managementfor,recordkeepersandotherthird-partyvendors;Planparticipantenrollmentsupport;and participant-leveleducationregardinginvestmentinthePlan.Theseconsultingservicesdonotinclude anyindividualizedinvestmentadvicetothePlanSponsororPlanparticipantswithrespecttoPlanassets, thefirmdoesnotactasfiduciariesunderERISAinprovidingsuchconsultingservices.
ThirdPartyAdvisoryServices Thefirmcanestablishagreementswiththird-partyadvisors. Anysuchthird-partyinvestmentadviser willbeproperlyregisteredintheapplicablestatejurisdictionorwiththeSEC. Thefirmwillreceive compensationpursuanttoanysuchagreement.
Clientswhoarereferredtothird-partyinvestmentadviserswillreceivefulldisclosure,including servicesrenderedandfeeschedules. Clientswillberequiredtoenterintoanadvisoryagreement andcompleteotheraccountspecificdocumentswiththethird-partyinvestmentadvisorinorder toestablishanaccount. Thefirmwillassistindetermininganappropriatethird-partyadviserbut doesnotparticipateintheactualmanagementofaccount.
FinancialPlanningServices Thefirmthroughitsinvestmentadvisorrepresentativesgenerallyprovidesfinancialplanningaspartof acomprehensiveassetmanagementengagement. However,financialplanningisavailableseparatelyfor aseparatefee.Thetypeofplancanvarygreatlydependingonthescopeandcomplexityofaparticular individual’sfinancialsituationbutmayinclude: PlanningStrategiesforFamiliesandIndividuals
• Retirement–planninganinvestmentstrategywiththeobjectiveofprovidinginflation-adjusted incomeforlife.

• College/Education–planningtopaythefuturecollege/educationexpensesofachildor grandchild.

• InsuranceNeeds–planningforthefinancialneedsofsurvivorstosatisfysuchfinancial obligationsashousing,dependentchildcare,andspousalarrangementsaswellas education.

• EstatePlanning–planningthatfocusesonthemostefficientandtaxfriendlyoptiontopassonan estatetoaspouse,otherfamilymembersoracharity.

• CashFlow/BudgetPlanning–planningtomanageexpensesagainstcurrentandprojected income.

• WealthAccumulation–planningtobuildwealthwithinaportfoliothattakesintoconsideration risktoleranceandtimehorizon.

• TaxPlanning–planningataxefficientinvestmentportfoliotomaximizedeductionsandoff- settinglosses.

• InvestmentPlanning–planninganinvestmentstrategyconsistentwith particularobjectives, timehorizonsandrisktolerances.

• InheritancePlanning–planningforataxefficientmethodtopasswealthtothenextgeneration.
PlanningStrategiesforBusinesses
• BusinessEntityPlanning–reviewthevariousformsofbusinessstructuresinrelationtoliability andincometaxconsiderations.

• QualifiedRetirementPlans–evaluatethetypesofretirementplansestablishedbyanemployer forthebenefitofthecompany’semployees.

• StockOptionPlanning–planningtomaximizethevalueofemployerissuedstockoptionsand optimizewhattoexerciseandwhattohold.

• KeyPersonPlanning–evaluatethelifeinsuranceneedsrequiredintheeventofthesuddenloss ofakeyexecutiveinordertobuytimetofindanewpersonortoimplementotherstrategiesto continuethebusiness.

• ExecutiveBenefits–planningtoattract,rewardandretaintopexecutivetalent.

• DeferredCompensationPlans–planningfortheuseoftaxdeferredfundstobewithdrawnand taxedatsomepointinthefuture.

• BusinessSuccessionPlanning–planningforthecontinuationofabusinessafterkeyexecutives moveontonewopportunities,retireorpassawaywiththeuseofbuy-sellagreements,key-man insuranceandengagingindependentlegalcounselasneeded.
Priortoengagingthefirmtoprovidestand-aloneplanningorconsultingservices,clientsarerequiredto enterintoaFinancialPlanningandConsultingAgreementsettingforththetermsandconditionsofthe engagement(includingtermination),describingthescopeoftheservicestobeprovided,andtheportion ofthefeethatisduefromtheclientpriortothefirmcommencingservices.Ifrequestedbytheclient,the firmmayrecommendtheservicesofotherprofessionalsforimplementationpurposes,includingour IARsintheirindividualcapacitiesasregisteredrepresentativeofLPLFinancialandaslicensed insuranceagents(“RecommendedProfessional”).
ClientAccountManagement Priortoanengagementeachclientisrequiredtoenterintoanagreementthatdefinestheterms, conditions,andfees.
AssetsUnderManagement Theassetsundermanagementareupdatedatleastannuallywithin90daysoftheDecember31fiscal year-end. Clientsmayrequestmorecurrentinformationatanytimebycontactingthefirm.
AssetsunderManagement(03/30/2023) Discretionary$111,671,853 Non-Discretionary$392,875,505 Total$504,547,358