Financial Advisors Network, Inc., doing business as Financial Advisors Network, is a corporation formed in the State of California and registered with the SEC. We have been in business as an investment adviser since 2011. Our firm is wholly owned by Kamps Asset Management Planning Services, Inc. (“Kamps, Inc.”), which is wholly owned by the Kamps 2002 Family Trust. We have our primary office in Tustin, California and another office location in Chapel Hill, North Carolina. We are dedicated to providing individuals and other types of clients with a wide array of investment advisory services. We specialize in the following types of services: Wrap Comprehensive Portfolio Management, Financial Planning & Consulting, Corporate Trust Services, Seminars, SEI Programs, and Retirement Plan Management/Consulting. Types of Advisory Services Offered Financial Planning & Consulting: We provide a variety of financial planning and consulting services to individuals, families and other clients regarding the management of their financial resources based upon an analysis of the client’s current situation, goals, and objectives. Generally, such financial planning services will involve preparing a financial plan or rendering a financial consultation for clients based on the client’s financial goals and objectives. This planning or consulting may encompass one or more (but not limited to) of the following areas: Investment Planning, Social Security Analytics, Investment Fee Analytics, Annuity Analytics, Retirement Planning, Estate Planning, Charitable Planning, Education Planning, Corporate and Personal Tax Planning, Cost Segregation Study, Corporate Structure, Real Estate Analysis, Mortgage/Debt Analysis, Insurance Analysis, Lines of Credit Evaluation, Business and Personal Financial Planning. Our written financial plans or financial consultations rendered to clients usually include general recommendations for a course of activity or specific actions to be taken by the clients. For example, recommendations may be made that the clients begin or revise investment programs, create or revise wills or trusts, obtain or revise insurance coverage, commence or alter retirement savings, or establish education or charitable giving programs. It should also be noted that we refer clients to an accountant, attorney or other specialist, as necessary for non-advisory related services. For written financial planning engagements, we provide our clients with a written summary of their financial situation, observations, and recommendations. For financial consulting engagements, we usually do not provide our clients with a written summary of our observations and recommendations as the process is less formal than our planning service. Plans or consultations are typically completed within six (6) months of the client signing a contract with us, assuming that all the information and documents we request from the client are provided to us promptly. Implementation of the recommendations will be at the discretion of the client. Corporate Trust Services: We offer Corporate Trustee Services to clients participating in our firm’s Comprehensive Portfolio Management Wrap Fee Program. Our firm is available to service a variety of charitable, wealth transfer, and asset protection trusts including, but not limited to: Living Trusts (Revocable Trusts), Special Needs or Supplemental Trusts, Irrevocable Life Insurance Trusts, Charitable Lead Trusts, Charitable Remainder Trusts, Marital Trusts, Family Trusts, and Generation-Skipping Trusts. Corporate Trustee Services typically include:
• Planning, preparing, managing, and filing trust income tax returns.
• Fulfilling ongoing distribution and liquidity needs.
• Creating accounting, estate flow, and other reports.
• Communicating progress of trust distribution to beneficiaries.
• Complying with federal and state laws.
• Documenting and tracking the legal ownership and custody of assets.
• Coordinating payment for bills and outside services when necessary.
• Overseeing property (personal and real).
• Filing insurance claims.
• Investing assets according to trust documents.
• Managing trust assets in a tax efficient manner.
• Adjusting portfolios to fit investment objectives.
• Educating beneficiaries on financial planning and their investment resources. When designated as a trustee, co-trustee, or successor trustee for a client, our firm administers the client’s trust in accordance with the specifications of their trust documents. We provide investment management and manage all aspects of the trust administration. However, we do not provide legal, real estate, or accounting services. The client is responsible for selecting such service providers. These service providers will charge fees that are separate from, and in addition to, the fees charged by our firm. Seminars: Mr. Kamps is a licensed presenter of Financial Strategies for Successful Retirement (FSSR). FSSR is published by Broadridge Advisor Solutions. Employees of Financial Advisors Network, Inc. may present these course materials in these seminars.

SEI Programs: Our firm recommends that certain of our clients allocate investment assets among the various mutual fund asset allocation models, underlying mutual funds, and/or independent investment manager programs offered through SEI Investments Management Corp. (“SEI”). SEI is a global asset management company and sponsor of its own proprietary mutual funds. SEI Private Trust Company, an affiliate of SEI, serves as custodian for each SEI account, and provides each client with reporting services, including consolidated monthly statements, quarterly performance reports, and year-end tax reports. SEI enables investment advisers such as our firm to offer its clients mutual fund asset allocation models, underlying individual mutual funds, and investment management programs that are not otherwise available to the general public. As part of its overall investment management program, SEI offers quarterly rebalancing of each client’s investment assets for the purpose of maintaining the assets in accordance with the client’s previously designated percentage (%) asset allocations for the SEI account. Our firm shall not remove clients’ account from SEI to another program without the client’s consent. Retirement Plan Management/Consulting: Our firm provides retirement plan management and/or consulting services to employer plan sponsors on an ongoing basis. Generally, such consulting services consist of assisting employer plan sponsors in establishing, monitoring and reviewing their company's participant-directed retirement plan. As the needs of the plan sponsor dictate, areas of advising could include: investment policy statement, investment options, plan structure, and participant education. Retirement Plan Management/Consulting services typically include:
• Investment Policy Statement – Our firm will review or assist in the development of a statement that summarizes the investment goals and objectives along with the broad strategies to be employed to meet the objectives.
• Investment Options – Our firm will work with the Plan Sponsor to evaluate and select existing investment options and make recommendations for appropriate changes.
• Asset Allocation and Portfolio Construction – Our firm may develop strategic asset allocation models to aid Participants in developing strategies to meet their investment objectives, time horizon, financial situation and tolerance for risk.
• Participant Education – Our firm will provide opportunities to educate plan participants about their retirement plan offerings, different investment options, and general guidance on allocation strategies. When providing retirement plan management/consulting services, our firm does not provide any advisory services with respect to the following types of assets: employer securities, real estate (excluding real estate funds and publicly traded REITS), participant loans, non-publicly traded securities or assets, other illiquid investments, or brokerage window programs (collectively, “Excluded Assets”). All retirement plan management/consulting services shall be in compliance with the applicable state laws regulating retirement consulting services. This applies to client accounts that are retirement or other employee benefit plans (“Plan”) governed by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). If the client accounts are part of a Plan, and our firm accepts appointments to provide service to such accounts, our firm acknowledges its fiduciary standard within the meaning of Section 3(21) or 3(38) of ERISA as designated by the Retirement Plan Management/Consulting Agreement with respect to the provision of services described therein. Tailoring of Advisory Services We offer individualized investment advice to Wrap Comprehensive Portfolio Management clients. Additionally, we offer general investment advice to clients utilizing our firm’s Financial Planning & Consulting, Corporate Trust Services, and Retirement Plan Management/Consulting services. Each Wrap Comprehensive Portfolio Management client has the opportunity to place reasonable restrictions on the types of investments to be held in the portfolio. Restrictions on investments in certain securities or types of securities may not be possible due to the level of difficulty this would entail in managing the account. Restrictions would be limited to our Wrap Comprehensive Portfolio Management service. Participation in Wrap Fee Programs We offer and sponsor a wrap fee program as further described in Part 2A, Appendix 1 (the “Wrap Fee Program Brochure”). Comprehensive Portfolio Management services are only offered through wrapped accounts, which are managed on an individualized basis according to the client’s investment objectives, financial goals, risk tolerance, etc. As further described in our Wrap Fee Program Brochure, we receive a portion of the wrap fee for our services. Regulatory Assets Under Management We managed $730,689,115 on a discretionary basis and $68,428,561 on a non-discretionary basis as $613,931,952 for a total of $799,117,676 as of December 31st, 2023.