Broker Check

CFP® Professional Disclosure Form

PART I. GENERAL INFORMATION

A. BUSINESS AFFILIATION:

  1. I am a Registered Representative for Securities America, Inc., Member FINRA/SIPC, through which I offer securities.
  2. I am an Investment Advisory Representative for Securities America Advisors, Inc., through which I offer investment advisory services including financial planning, investment advice and other advisory services.
  3. I am President of Transition Planning, Inc. which I founded in 2002 to facilitate my delivery of the above mentioned financial services to my clients.
  4. I am also a licensed insurance agent for several insurance companies through which I provide insurance solutions as appropriate for my clients’ situation and goals.

B. ADDRESS:

  1. My mailing address and location is 22221 NE 11th Place, Sammamish, WA 98074.
  2. My website is www.transitionplanninginc.com

C. TELEPHONE NUMBER:

  1. Mobile (206) 409-4329
  2. TEXT (206) 582-0222
  3. Fax (866) 785-4453
  4. Office (425) 868-7141

D. INFORMATION REQUIRED BY ALL LAWS APPLICABLE TO THE RELATIONSHIP:

  1. You may view the CFP Code of Ethics and Professional Responsibility at https://www.cfp.net/ethics/code-of-ethics-and-standards-of-conduct

PART II. MATERIAL INFORMATION RELEVANT TO THE PROFESSIONAL RELATIONSHIP

A. MY BASIC PHILOSOPHY IN WORKING WITH CLIENTS:

Plan ahead. Life involves major transitions, such as marriage, divorce, raising children, career change, accident or long-term illness, retirement and death. I am committed to helping people successfully navigate those major changes economically by being prepared prior to the event and walking with them and their families through their challenges.

B. PHILOSOPHY, THEORY AND/OR PRINCIPLES OF FINANCIAL PLANNING WHICH WILL BE UTILIZED:

  1. Be completely debt-free and maintain that freedom.
  2. Be good stewards of the time, talent and resources you have.
  3. Diversify. Every investment has its own unique set of benefits and risks. Blend them well for more complete benefits and improved risk control.
  4. What is important to you? How do you want to be remembered? What can prevent you from achieving your desired level of success? These are the issues that we must focus on for a fulfilling lifetime relationship.

C. MY RÉSUMÉ CAN BE VIEWED BY CLICKING HERE


D. DESCRIPTION OF THE FINANCIAL PLANNING SERVICES TO BE PROVIDED:

  1. Use RightCapital to discover your financial picture and risk profile and goals.
  2. Determine the feasibility of major financial goals like buying a home, funding higher education, or exploring retirement lifestyle changes.
  3. Design investment strategies that meet your income needs both now and in the future.
  4. If needed, implement debt-payoff acceleration strategies.
  5. As applicable, create greater flexibility for pension survivor options.
  6. Discuss long term care portfolio protection.
  7. Review wealth creation and preservation techniques.
  8. Examine ways to protect your economic progress from catastrophic loss.
  9. Recommend other professionals as necessary for legal documents and tax preparation or advice.
  10. Increase awareness of issues that may have been overlooked in your financial planning process.
  11. Meet both regularly and as needed to review progress and address new issues as they occur.
  12. Work with your family and friends who desire my assistance.

E. CONFLICT(S) OF INTEREST AND SOURCE(S) OF COMPENSATION:

1. Conflict(s) of interest:

  • Although the universe of insurance companies and money managers is rather large, I have narrowed the list of insurance companies that I use to a handful that are highly rated, offer excellent products and superior service.
  • To allow more time for the planning process, I have employed AssetMark and various mutual funds to effectively manage most of my clients’ portfolios.
  • I personally own AssetMark Trust Company stock.

2. Source(s) of compensation:

  • My primary compensation comes from the asset management fee charged on the portfolios managed by AssetMark and any mutual funds employed in a financial plan.
  • As insurance products are needed, the insurance company pays me a commission when a policy is issued.
  • Clients who engage my ongoing financial planning advice pay an all-inclusive annual subscription fee for financial planning, billed monthly.

F. AGENCY OR EMPLOYMENT RELATIONSHIPS:

1. Material agency or employment relationships with third parties:

  • Securities America, Inc. is my broker/dealer that provides compliance oversight for the advice given and transactions processed for my clients.
  • Highland Capital provides competitive solutions and efficient application processing for my clients’ insurance needs.

2. Compensation resulting from such agency or employment relationships:

  • After keeping a reasonable portion for operating expenses, Securities America, Inc. pays out a generous share of compensation earned from all sources of business processed through them.
  • No compensation is received from Highland Capital; rather, insurance commissions are received directly from the company issuing the policy.

G. OTHER MATERIAL INFORMATION RELEVANT TO THE PROFESSIONAL RELATIONSHIP:

I have in place a backup plan for my clients to continue receiving service in the event of my death or disability.

PART III. ADDITIONAL NOTIFICATION

A. As a client or prospective client, you have the right to ask me, as a CFP® professional, at any time for information about my compensation related to the services I provide you. I will communicate the requested information in reasonable detail as it relates to our financial planning engagement, including compensation derived from implementation. This disclosure of compensation:

  1. May be expressed as an approximate dollar amount or percentage or as a range of dollar amounts or percentages;
  2. Shall be made at a time and to the extent that the requested information can be reasonably ascertained;
  3. Will be based on reasonable assumptions, with estimates clearly identified, and;
  4. Will be updated in a timely manner if actual compensation significantly differs from any estimates.

B. As a CFP® professional personal financial planning client, you have the right to receive annually the Securities America, Inc. SEC Form ADV Part II or the current revision of the disclosure you received when our relationship began.