Description of Services and Fees Baron Silver Stevens Financial Advisors, LLC (Baron Silver Stevens) is a registered investment adviser based in Boca Raton, Florida. We are organized as a limited liability company under the laws of the State of Florida. We have been providing investment advisory services since 2000. Michael J. Silver is our principal owner. Currently, we offer the following investment advisory services, which are personalized to each individual client:
•Vision2020 Wealth Management Platforms
•Third Party Advisory Services
•Financial Planning Services
•On-Going Retainer 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. As used in this brochure, the words "we", "our" and "us" refer to Baron Silver Stevens Financial Advisors, LLC, and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm.
Vision2020 Wealth Management Platform - Advisor Managed Portfolios The Wealth Management Platform - Advisor Managed Portfolios Program ("Advisor Managed Portfolios") provides comprehensive investment management of your assets through the application of asset allocation planning software as well as the provision of execution, clearing and custodial services through Pershing, LLC ("Pershing").
Advisor Managed Portfolios provides risk tolerance assessment, efficient frontier plotting, fund profiling and performance data, and portfolio optimization and re-balancing tools. Utilizing these tools, and based on your responses to a risk tolerance questionnaire ("Questionnaire") and discussions that we have together regarding, among other things, investment objective, risk tolerance, investment time horizon, account restrictions, and overall financial situation, we construct a portfolio of investments for you. This portfolio may consist of mutual funds, exchange traded funds, equities bonds, options and other investments. Each portfolio is designed to meet your individual needs, stated goals, and objectives. Additionally, you have the opportunity to place reasonable restrictions on the types of investments to be held in the portfolio.
For further Advisor Managed Portfolios details please see the Advisor Managed Portfolios Wrap Fee Program Brochure. We provide this brochure to you prior to or concurrent with your enrollment in Advisor Managed Portfolios. Please read it thoroughly before investing. The program is offered on either a discretionary or non-discretionary basis. If you participate in discretionary services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow us 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 the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing. If you enter into non-discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account. 4 We are the portfolio manager to the Advisor Managed Portfolio, a wrap fee program, which is a type of investment program that provides clients with access to money management or mutual fund asset allocation models for a single fee that includes administrative fees, management fees, and commissions. If you participate in the wrap fee program, you will pay our firm a single fee, which includes our money management fees, certain transaction costs, and custodial and administrative costs. We receive a portion of the wrap fee for our services. The overall cost you will incur if you participate in our wrap fee program may be higher or lower than you might incur by separately purchasing the types of securities available in the program. VISION2020 Wealth Management Platform - SMA and UMA Account Program The Wealth Management Platform - SMA and UMA Account Program ("Wealth Managed Account Program" or "WMAP") you with the opportunity to invest your assets across multiple investment strategies and asset classes by implementing an asset allocation strategy. WMAP is a Wrap Account program that offers these advisory services along with brokerage and custodial services for a single, annual, asset-based advisory fee.
We will present you with a WMAP asset allocation model ("WMAP Model") for your approval which will consist of: 1) third party money managers ("WMAP Managers") who will manage your funds according to a particular equity or fixed income model or strategy, or 2) no-load mutual funds ("Funds"), or 3) exchange traded funds ("ETFs") or any combination thereof (individually or collectively, "WMAP Investments"). WMAP Investments will be managed according to the selected WMAP Model. WMAP Models are held within a separately managed account or a series of separately managed accounts (collectively, "SMA Account") or one unified managed account ("UMA Account").
A WMAP Model will be suggested to you based upon your responses to a risk tolerance questionnaire ("Questionnaire") and/or discussion that we have together regarding among other things, investment objective, risk tolerance, investment time horizon, account restrictions, and overall financial situation. For further WMAP details see the WMAP Wrap Fee Program Brochure. We provide this brochure to you prior to or concurrent with your enrollment in WMAP. Read it thoroughly before investing. VISION2020 Wealth Management Platform - Model Portfolio Strategists Program The Wealth Management Platform - Model Portfolio Strategies Program ("Model Program") offers you managed asset allocation models ("Asset Allocation Models") of mutual funds, exchange traded funds ("EFTs") or a combination thereof diversified across various investment styles and strategies. The Asset Allocation Models are constructed by managers ("Program Managers") such as Russell Investment Management Company, SEI Investments Management Corporation and Morningstar Associates, LLC.
Based upon the risk tolerance of each Client, the Model Program utilizes a system that selects a specific Asset Allocation Model. After the Asset Allocation Model is chosen, we, with the assistance of the Model Program sponsor, will open a Model Program account. Your assets will be invested in the specific investments contained within the recommended Asset Allocation Model. You have the opportunity to place reasonable restrictions on investments held within the Model Program account.
For further Model Program details, including a full list of Program Managers, please see the Model Program Wrap Fee Program Brochure. We provide this brochure to you prior to or concurrent with your enrollment in the Model Program. Please read it thoroughly before investing. 5 Third Party Advisory Services We offer our clients the services of various third party investment advisors ("Third-Party Advisory Services") for the provision of certain investment advisory programs including mutual fund wrap and separately managed account programs.
If you are interested in learning more about any of these services, please note that a complete description of the programs, services, fees and payment structure, and termination features is available via the applicable Third Party Advisory Service's disclosure brochures, investment advisory contracts, and account opening documents.
In connection with these arrangements, we will provide assistance in the selection and ongoing monitoring of a particular Third-Party Advisory Service. Factors that we consider in the selection of a particular third-party advisor may include but may not be limited to: i) our assessment of a particular Third-Party Advisory Service; ii) your risk tolerance,

goals, objectives and restrictions, as well as investment experience; and, iii) the assets you have available for investment.
You should know that the services provided by us through the use of Third-Party Advisory Services are under certain conditions directly offered by them to you. The fees charged by Third-Party Advisory Services who offer their programs directly to you may be more or less than the combined fees charged by the Third Party Advisory Service and us for our participation in the investment programs. However, when using the services of Third-Party Advisory Services directly, you do not receive our expertise in developing an investment strategy, selecting a Third-Party Advisory Service, monitoring the performance of your account and changing a Third-Party Advisory Service provider when appropriate.
Advisory Services to Retirement Plans Where advisory services, as described above, are provided to employee benefit plans ("Plan"). The services are designed to assist plan sponsors in meeting their management and fiduciary obligations to Participants to the extent applicable under the Employee Retirement Income Securities Act ("ERISA"). Pursuant to adopted regulations of the U.S. Department of Labor under ERISA Section 408(b)(2), we are required to provide the Plan's responsible plan fiduciary (the person who has the authority to engage us as an investment adviser to the Plan) with a written statement of the services we provide to the Plan, the compensation we receive for providing those services, and our status (which is described below).
In providing services to the Plan and Participants, our status is that of an investment adviser registered with the Securities and Exchange Commission and other state securities authorities where required, and we are not subject to any disqualifications under Section 411 of ERISA. In performing fiduciary services, we are acting either as a non-discretionary fiduciary of the Plan as defined in Section 3(21) under ERISA, and/or as a discretionary fiduciary of the plan as defined in Section 3(38) under ERISA.
Financial Planning Services Financial planning typically involves providing a variety of services, principally advisory in nature, to you regarding the management of your financial resources based upon an analysis of your individual needs. For example, a financial plan may include estate planning where advice may be provided with respect to property ownership, distribution strategies, estate tax reduction, and tax payment techniques. It may involve a discussion of gifts, trusts, etc., and the disposition of business interests, tax consequences and their implications. The financial plan developed for you usually includes general recommendations for a course of activity or specific actions to be taken by you. For example, recommendations may be made that you obtain insurance or revise existing coverage, establish an individual retirement account, increase or decrease funds in savings accounts or investing funds in securities.
6 An Associated Person of our firm will first conduct a complimentary initial consultation. After the initial consultation, if you decide to engage us for planning services, we will review and analyze pertinent information about your financial circumstances and investment objectives. Once such information has been reviewed and analyzed, a financial plan designed to achieve your stated financial goals and objectives will be presented to you. The primary objective of this process is to allow us to assist you in developing a strategy for the successful management of income, assets, and liabilities in meeting your financial goals and objectives. Financial plans are based on your financial situation at the time the plan is prepared and are based on financial information disclosed by you. You are advised that certain assumptions may be made with respect to interest and inflation rates and use of past trends and performance of the market and economy. Past performance is not an indication of future performance. We cannot offer any guarantees or promises that your financial goals and objectives will be met. As your financial situation, goals, objectives, or needs change, you must notify us promptly.
We may offer consulting services as listed below: General Consulting Services You will need to acknowledge that, in the case of our general consulting service, you only require the specific financial area agreed upon to be reviewed and/or analyzed. Under this arrangement, a financial plan will not be provided. We are not required to verify any financial information provided by you or your other professionals, i.e., attorneys, CPAs, etc., to us as being accurate. Furthermore, you agree to hold us harmless from any liability arising out of any area(s) that we have not reviewed Ongoing Retainer Services Ongoing planning and consulting services are offered to you as part of an annual retainer program. This service in only available to you if you have previously engaged us for the preparation of a financial plan. The ongoing annual service includes unlimited telephone contact, guidance with respect to implementation of the financial plan and other financial issues as necessary, and at a minimum, an annual review of the most recent financial plan.
Business Consulting Services Michael Silver, Managing Member and an advisory representative of our Company will act as a member of the advisory board of a non-public company. In his capacity as member of the advisory board, Mr. Silver will be asked to provide strategic business planning and input on major decisions regarding the growth of the business. The services provided are advisory in nature and do not involve direct asset management of any of the Company's assets. This service is only available on a very limited basis. Types of Investments We primarily recommend mutual funds, Exchange Traded Funds (ETFs), equities, bonds, options and other investments; however, 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.
You may request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to our firm in writing.
IRA Rollover Recommendations 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 7 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 $618,656,036 in client assets on a discretionary basis, and $114,091,385 in client assets on a non-discretionary basis.