Asset Strategies, Inc. (ASI or the Firm) is a fee-only investment management and financial planning firm founded in 2002. ASI is primarily owned by Alan M. Rothstein, CPA, PFS, President. Asset Management Services ASI provides asset management services customized to the individual needs of each client. Through personal discussions, ASI assists the client in developing goals and objectives. ASI then develops a client’s personal investment policy, creates a portfolio based on that policy and gives continuous investment advice to the client. Asset management is guided by the stated objectives of the client (e.g., growth, income, capital preservation.) At the inception of an account any individual securities held by the client will be considered in the asset allocation for the client; however, ASI does not charge a fee on those assets and will only act on a non-discretionary basis to buy or sell those securities. ASI manages a portfolio consisting of one or all of the following:
• Cash and cash equivalents, including money market funds and short-term bank certificates of deposit
• Fixed income (bond mutual funds, exchange traded funds, individual bonds, and/or certificates of deposits) which may include U.S. government and agency, municipal, international, inflation protected and corporate bonds
• U.S. large and mid/small growth and value equities (stock mutual funds, exchange traded funds and/or individual stocks)
• International large and mid/small growth and value equities and emerging markets equities (stock mutual funds, exchange traded funds and/or individual stocks)
• Real Assets (REITs, REIT and/or Real Asset mutual funds or exchange traded funds)
• Alternate strategy mutual funds (for example, long-short funds) ASI allocates the client’s assets among selected investments in accordance with the client’s Investment Policy Statement (IPS). Portfolio weighting among asset classes and investments is determined by each client’s individual needs and circumstances. ASI develops a customized IPS for each client. We design and manage each client’s portfolio based on the IPS. The IPS includes a target asset allocation, and it is reviewed with and signed by the client. ASI also considers the tax impact of investment decisions in designing and managing client portfolios. Investment tax strategies can include:
• Tax deferral and or acceleration of income
• Placing investments into taxable v. tax-deferred accounts based on the income tax treatment of the securities and the income that these securities pay
• Harvesting capital gains and losses
• Planning for mutual fund distributions in taxable accounts. ASI rebalances portfolios back to target asset allocations when appropriate. Cash flow and income tax considerations are factors in determining rebalancing activity. Financial Planning Personal financial planning includes informal consultations, segmented plans, and comprehensive plans. The planning process involves interviews with the client, a review of pertinent documents and a plan based on the client’s goals and objectives. A comprehensive plan consists of the following where applicable:
• Clarifying and prioritizing goals
• Cash management
• Retirement planning
• Education planning
• Risk management
• Income tax planning
• Estate tax planning
• Investment planning
• Periodic updates ASI gathers information from new clients through personal interviews and, in some cases, the client completes a questionnaire. Information gathered includes a client’s

future goals, current financial situation, and attitudes towards risk. All information supplied by the client, including any supplemental documents, is reviewed, and analyzed. Financial planning will often involve a team approach including professional advisors such as insurance agents, attorneys, and CPAs. The client has complete discretion to implement some or all of the plan’s recommendations. Sub-Advisors In certain circumstances, ASI may recommend other investment advisors (Sub-Advisor) to manage a portion of a client’s portfolio, primarily fixed income securities. The Sub-Advisor will charge the client for the portion of the portfolio they are managing; this fee may be in addition to the management fee charged by ASI. ASI does not receive any compensation for sub-advised portfolios. Tailored Relationships ASI tailors investment advisory services to the individual needs of the client. ASI clients are allowed to impose restrictions on the investments in their account. Clients have the opportunity to place reasonable restrictions on the types of investments which are made on the client’s behalf. Clients retain individual ownership of all securities. Fiduciary Statement We are fiduciaries under the Investment Advisers Act of 1940 and when we provide investment advice to you regarding your retirement plan account or individual retirement account, we are also fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act, (“ERISA”) and/or the Internal Revenue Code, (“IRC”), as applicable, which are laws governing retirement accounts. We have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. We must take into consideration each client’s objectives and act in the best interests of the client. We are prohibited from engaging in any activity that is in conflict with the interests of the client. We have the following responsibilities when working with a client:
• To render impartial advice;
• To make appropriate recommendations based on the client’s needs, financial circumstances, and investment objectives;
• To exercise a high degree of care and diligence to ensure that information is presented in an accurate manner and not in a way to mislead;
• To have a reasonable basis, information, and understanding of the facts in order to provide appropriate recommendations and representations;
• Disclose any material conflict of interest in writing; and
• Treat clients fairly and equitably. Regulations prohibit us from:
• Employing any device, scheme, or artifice to defraud a client;
• Making any untrue statement of a material fact to a client or omitting to state a material fact when communicating with a client;
• Engaging in any act, practice, or course of business which operates or would operate as fraud or deceit upon a client; or
• Engaging in any manipulative act or practice with a client. We will act with competence, dignity, integrity, and in an ethical manner, when working with clients. We will use reasonable care and exercise independent professional judgement when conducting investment analysis, making investment recommendations, trading, promoting our services, and engaging in other professional activities. Wrap Fee Programs ASI does not participate in a Wrap Fee Program. Client Assets ASI manages $140,582,461 as of January 26, 2023 of which $137,194,905 are managed on a discretionary basis, and $3,387,556 are managed on a non-discretionary basis.