Financial Services Group, Inc. (“FSG”) is an investment adviser registered with the U.S.
Securities and Exchange Commission (“SEC”). FSG has been offering advisory services
since 1992. FSG offers investment supervision and financial planning services to their
clients on a fee-only basis. FSG is owned by Michael Haubrich and Justus Morgan. FSG
does not control any other firm.
The advisory services consist of preparing financial plans and providing evaluation
services to clients based on their current and anticipated financial situations, needs and
investment objectives and goals. FSG also provides advisory consulting services to
clients with regard to specific situations and problems. FSG offers advice on the
following investments: equity securities including exchange listed securities, over the
counter and foreign issuers, corporate debt securities, United States government
securities, investment company securities including mutual fund shares, variable
annuities and variable life insurance and partnership interests investing in real estate.
Relationship & Foundations Program Services offered:
Financial Planning Review(s) - At least annually, FSG will meet with clients to review
clients’ existing goals and objectives, monitor progress towards achieving goals and
discuss changes that may have occurred to clients' financial circumstances necessitating
revisions to those goals and objectives. Additional meetings may be scheduled
throughout the year to discuss career planning, charitable gift planning, education
planning, estate planning, insurance planning, long term care planning, real estate
planning, and/or retirement planning in the scope designated by the client. It is the
clients’ responsibility to be certain that FSG has current and accurate information.
Portfolio Management Services - At least annually, FSG will meet with clients to review
investment account performance, current investment objectives, constraints and time
horizons to determine if changes are necessary. FSG will monitor and review accounts
on an ongoing basis during the year, place investment and sale orders when it deems it
appropriate to do so, and provide clients with reports or arrange for clients’ account
custodian to do so, at least quarterly.
Tax Services - FSG will contact clients for year-end tax planning to discuss tax
minimizing strategies. FSG may also prepare clients’ personal income tax return.
Elder Life Planning Services offered:
After the initial meeting to determine the scope of services, FSG will provide specific
late-life/end-of-life preparation including long-term care planning, housing and care
options/placement, end-of-life directives, beneficiary confirmations, and legacy gifting.
The services are led by Michael Haubrich, a CERTIFIED FINANCIAL
PLANNER™ professional and Certified Senior Advisor (CSA)™.
Limited Relationship Services offered:
Financial Planning Review - At least annually, FSG will meet with clients to review
investment objectives, constraints and time horizons to determine if changes are
necessary. FSG will also review the clients’ goals & objectives and discuss any changes
that may have occurred necessitating revisions to those goals
and objectives. Additional
meetings for other services will incur separate fees.
Tax Services – At the clients’ discretion, FSG will prepare the clients’ personal income tax
return for a separate fee.
This service is typically available only to legacy clients.
All planning is based on information provided by the clients. It is the clients’
responsibility to be certain FSG has current and accurate information to enable FSG to
prepare the initial plan, and it is the clients’ responsibility to inform the Representative
of material changes affecting the investments and planning strategies implemented so
the Representative has them for future reference.
Retirement Rollovers-No Obligation/Conflict of Interest: A client leaving an
employer typically has four options (and may engage in a combination of these options):
1) leave the money in his former employer’s plan, if permitted, 2) roll over the assets to
his/her new employer’s plan, if one is available and rollovers are permitted, 3) roll over
to an Individual Retirement Account (IRA), or 4) cash out the account value (which
could, depending upon the client’s age, result in adverse tax consequences).
FSG may recommend an investor roll over plan assets to an IRA managed by FSG. There
are various factors that FSG may consider before recommending a rollover, including but
not limited to: i) the investment options available in the plan versus the investment
options available in an IRA, ii) fees and expenses in the plan versus the fees and
expenses in an IRA, iii) the services and responsiveness of the plan’s investment
professionals versus those of FSG, iv) required minimum distributions and age
considerations, and vi) employer stock tax consequences, if any. No client is under any
obligation to roll over plan assets to an IRA managed by FSG.
Since FSG’s Relationship & Foundations fees are based on the client’s overall net worth
and annual income, whether a client decides to transfer an account will not affect the
fees paid to FSG.
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
(give prudent advice);
• Never put our financial interests ahead of yours when making recommendations
(give loyal advice);
• 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.
As of December 31, 2022, FSG manages approximately $295,621,428 in assets on a
discretionary basis. No assets are non-discretionary.