Description of Services and Fees We are a registered investment adviser based in Clinton Township, Michigan. We are organized as a limited liability company under the laws of the State of Michigan. We have been providing investment advisory services since 2002. Donald P. Carnaghi and Thomas R. Mazza are our principal owners.
Premier Estate Planners, LLC ("PEP") is a fee-only independent financial adviser that provides wealth management services by incorporating financial planning and investment portfolio management. We have several relationships with third party investment managers and work with both discretionary and non-discretionary accounts. Our goal is to maximize client wealth through education, commitment and professional partnerships. Currently, we offer the following investment advisory services, which are personalized to each individual client:
•Portfolio Management Services
•Selection of Other Advisers
•Savings Plan Management
•Financial Planning Services The following paragraphs describe our services and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. Also, you may see the term Associated Person throughout this Brochure. As used in this Brochure, our Associated Persons are our firm's officers, employees, and all individuals providing investment advice on behalf of our firm.
Portfolio Management Services We offer discretionary portfolio management services to our clients and prospective clients. Our investment advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information (the "suitability information") at the beginning of our advisory relationship. We will use the suitability information we gather from our initial meeting to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf. As part of our portfolio management services, we may customize an investment portfolio for you in accordance with your risk tolerance and investing objectives.
We also provide investment advice for clients currently holding variable annuities within their investment portfolio(s). Although persons providing investment advice on behalf of our firm will not receive commissions on the sale of variable annuities to clients, where clients have granted us trading authority, these accounts will be included for our annual AUM reporting obligation and may be included for calculating our annual advisory fee. Please refer to our fee schedule below.
We may also invest your assets using a predefined strategy, or we may invest your assets according to one or more model portfolios developed by our firm. Once we construct an investment portfolio for you, or select a model portfolio, we will monitor your portfolio's performance on an ongoing basis, and will rebalance the portfolio as required by changes in market conditions and in your financial circumstances. If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow our firm to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by 4 the investment advisory agreement you sign with our firm, a limited power of attorney, or trading authorization forms. Clients may impose investment restrictions in the portfolios under our portfolio management services.
Our fee for portfolio management services is based on a percentage of the assets we manage and is subject to negotiation. The portfolio management fees range from 0.50% to 1.50% annualized. Assets Under ManagementAnnual Fee First $400,000 1.50% Next $350,000 1.25% Next $250,000 1.00% Next $1 million 0.75% Next $2 million 0.60% Next $6 million0.50% *Amounts above $10 million are negotiable Our annual portfolio management fee is billed and payable quarterly in advance based on the value of your account on the last day of the previous quarter.
If the portfolio management agreement is executed at any time other than the first day of a calendar quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in proportion to the number of days in the quarter for which you are a client. Our advisory fee is negotiable, depending on individual client circumstances.
At our discretion, we may combine the account values of family members living in the same household to determine the applicable advisory fee. For example, we may combine account values for you and your minor children, joint accounts with your spouse, and other types of related accounts. Combining account values may increase the asset total, which may result in your paying a reduced advisory fee based on the available breakpoints in our fee schedule stated above.
We will deduct our fee directly from your account through the qualified custodian holding your funds and securities. We will deduct our advisory fee only when you have given our firm written authorization permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an account statement to you at least quarterly. These account statements will show all disbursements from your account. You should review all statements for accuracy. We will also receive a duplicate copy of your account statements.
You may terminate the portfolio management agreement upon 30-days' written notice to our firm. You will incur a pro rata charge for services rendered prior to the termination of the portfolio management agreement, which means you will incur advisory fees only in proportion to the number of days in the quarter for which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated refund of those fees.
Selection of Other Advisers As part of our investment advisory services, we will recommend that you use the services of a third party investment adviser ("TPA") to manage your entire, or a portion of your, investment portfolio. After gathering information about your financial situation and objectives, we will recommend that you engage a specific TPA or investment program. Factors that we take into consideration when making our recommendation(s) include, but are not limited to, the following: the TPA's performance, methods of 5 analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will periodically monitor the TPA(s)' performance to ensure its management and investment style remains aligned with your investment goals and objectives.
The TPA(s) will actively manage your portfolio and will assume discretionary investment authority over your account. We will assume discretionary authority to hire and fire TPA(s) and/or reallocate your assets to other TPA(s) where we deem such action appropriate.
We do not charge you a separate fee for the selection of other advisers. We will share in the advisory fee you pay directly to the TPA. The advisory fee you pay to the TPA is established and payable in accordance with the disclosure brochure provided by each TPA to whom you are referred and therefore the value of your accounts managed by each TPA are not eligible to be combined for purposes of fee breakpoints available under our Portfolio Management Services as described above. These fees may or may not be negotiable. Our compensation may differ depending upon the individual agreement we have with each TPA. As such, we may have an incentive to recommend one TPA over another TPA with whom we have less favorable compensation arrangements or other advisory programs offered by TPAs with which we have no compensation arrangements.
You will be required to sign an agreement directly with the recommended TPA(s).

You may terminate your advisory relationship with the TPA according to the terms of your agreement with the TPA. You should review each TPA's disclosure brochure for specific information on how you may terminate your advisory relationship with the TPA and how you may receive a refund, if applicable. You should contact the TPA directly for questions regarding your advisory agreement with the TPA.
Savings Plan Management Premier Estate Planners, LLC acts as a solicitor for an investment advisory program that provides continuous advice to individuals on the investment options available to them within their company- sponsored qualified savings plan (e.g., 401(k), 403(b), 457).
Investment decisions for individual accounts are based upon the Investor Profile information collected and qualified by the Premier Estate Planners, LLC Investment Advisor Representative. Client portfolios are comprised of mutual fund shares and, in certain circumstances, individual securities may be held (generally company stock in the form of a unitized fund). Based on changes in a client's Investor Profile information, the markets and/or the economy, the Savings Plan Management program provider (Retirement Management Systems Inc.) may make allocation changes to the client's savings plan account on the client's behalf.
Custody and execution services for Savings Plan Management are provided by the custodian and/or third party administrator selected by the company sponsored defined contribution plan. There is no relationship between Premier Estate Planners, LLC and the provider of such services.
The fee for Savings Plan Management ("SPM") is either a fixed fee per 12-month period per account (discounts may apply),or an annual asset based fee in accordance with following schedule: Account Value Fixed Fee Asset Based Fee $0 to $250,000 $480 0.25% $250,000 to $500,000 $720 0.25% $500,000 to $750,000 $960 0.25% Over $750,000 $1,200 0.25% 6 The account management fee is payable upon acceptance of the SPM Agreement, and due on a monthly, quarterly or annual basis, as selected by client. The SPM Agreement is automatically renewable every twelve months and shall remain in effect until such time as either party to the Agreement receives written notice from the other party of its desire to cancel the agreement. The ending or termination of the Agreement does not affect Investor's obligation to pay the annual fee. Client may terminate this advisory service without penalty within five (5) business days of signing an advisory agreement with the program provider.
Retirement Management Systems, Inc. ("RMS") is the third party service provider (program provider) upon whom we rely to service Savings Plan Management Client accounts. RMS provides various administrative, technology and advisory support services. Clients grant RMS discretion over Client accounts in order to fulfill the Savings Plan Management program obligations. Please review the RMS ADV Part 2A and Privacy Policy for more information regarding their handling of Client accounts for the Savings Plan Management program.
Financial Planning Services We offer broad-based, modular, and consultative financial planning services to our clients and prospective clients. Financial planning will typically involve providing a variety of advisory services to clients regarding the management of their financial resources based upon an analysis of their individual needs. If you retain our firm for financial planning services, we will meet with you to gather information about your financial circumstances and objectives. Once we review and analyze the information you provide to our firm we will deliver a written plan to you, designed to help you achieve your stated financial goals and objectives.
Financial plans are based on your financial situation at the time we present the plan to you, and on the financial information you provide to our firm. You must promptly notify our firm if your financial situation, goals, objectives, or needs change.
You are under no obligation to act on our financial planning recommendations. Should you choose to act on any of our recommendations, you are not obligated to implement the financial plan through any of our other investment advisory services. Moreover, you may act on our recommendations by placing securities transactions with any brokerage firm.
We charge an hourly fee ranging from $100 to $250 for financial planning services, depending on the scope and complexity of the plan, your situation, and your financial objectives. An estimate of the total time/cost will be determined at the start of the advisory relationship. In limited circumstances, the cost/time could potentially exceed the initial estimate. In such cases, we will notify you and request that you approve the additional fee.
We require that you pay 50% of the fee in advance and the remaining portion upon the completion of the services rendered. We will not require prepayment of a fee more than six months in advance and in excess of $1,200.
At our discretion, we may waive or offset a portion of the financial planning fee should you choose to implement the plan through our portfolio management services.
You may terminate the financial planning agreement by providing written notice to our firm. You will incur a pro rata charge for services rendered prior to the termination of the agreement. If you have pre- paid advisory fees that we have not yet earned, you will receive a prorated refund of those fees. 7 Types of Investments We offer advice on equity securities, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities, unit investment trusts, closed end funds, U.S. Government securities and options contracts on securities.
Additionally, we may advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you.
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 interest 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. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
Assets Under Management As of December 31, 2022, we provide continuous management services for $87,846,366 in client assets on a discretionary basis, and $90,234,003 in client assets on a non-discretionary basis.