>> IMPORTANT INFORMATION
— Financial planning and registered investment advisory services are provided by CFO Solutions LLC (“CFO”).
— The information herein is intended as a public service to provide information of a general educational nature to members, clients, advisors and others who have previously requested information about CFO and/or other interested persons. Such information herein is not to be construed as financial planning, investment, insurance, legal and/or tax advice. By providing this information, CFO is not creating an advisory relationship with any reader. Such an advisory relationship may only exist if in writing and approved by CFO. CFO is an independent, boutique financial planning and investment advisory firm which specializes in the unique planning needs of doctors and focuses upon economic issues which confront them. Any engagement is only undertaken after preparation and evaluation of the potential Doctor-client’s CFO Financial Treatment Plan and acceptance of the engagement by both parties.
— IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any matter addressed herein.
Credits and Service Marks
– Modern Portfolio Theory is derived from the work of Professor Harry M. Markowitz (City University of New York), who published an essay entitled Portfolio Selection (1952) and a book, Portfolio Selection: Efficient Diversification (1959), and the work of Professor William F. Sharpe (Stanford University), who developed the Capital Asset Pricing Model (CAPM) and published an essay entitled Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk (1964). In 1990, Professors Markowitz and Sharpe shared the Alfred Nobel Memorial Prize in Economic Sciences.
CFO, its principals, employees, its affiliates and its independent advisors are not engaged in the practice of law, nor are we licensed to do so. Communications with any CFO principals, employees, affiliates and/or its independent advisors are not intended as legal or tax advice, nor may these communications be construed or relied upon as legal or tax advice.
Information contained herein shall not constitute an offer to sell or a solicitation of an offer to buy any securities listed herein in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction.
Investment returns and principal values will fluctuate. Investments are neither insured nor guaranteed by the U.S. government, Federal Deposit Insurance Corporation or any other entity. Investments may be worth more or less than their original cost. Some of the information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. There is no guarantee of future performance. Past performance is not indicative of future results.
Insurance sales contain and rely on illustrations provided by insurance companies with which CFO has agency agreements.
CFO refers pension plan design and administration to independent third party pension firms. CFO and these independent pension firms rely on information provided by prospective clients or clients, and such design, analysis and recommendations are governed by applicable disclosures contained in that analysis.
Asset management and investment analysis is provided by CFO using third party analytical software and money management agreements with non-CFO investment management firms. Asset management is governed by applicable agreements by and between CFO and its clients, and disclosures contained therein. Investment analysis using third party software is governed by disclosures contained therein.
CFO also uses third parties to provide certain of its services, and is not liable for the accuracy of the information provided in connection with third party work product, plans or analysis, and the information provided therein is governed by disclosures by those parties applicable to the service provided.
* If you would like to receive a copy of CFO’s United States Security and Exchange Commission disclosure filing; Form ADV II, please request by calling 602-953-7742, or writing to the Compliance Department at CFO Solutions LLC, PO Box 14385, Scottsdale, Arizona 85267-4385.
Nothing in these materials shall be construed as offering or disseminating specific financial planning, retirement, estate, asset protection, investment, tax, or legal advice to any individual without the benefit of direct and specific consultation with a CFO Financial Advisor. No part of the information contained in or from any part of this material may be reproduced, copied, or transmitted in any form or by any means, electronic or mechanical, including recording, photocopying, or by any information storage retrieval system, without prior written permission from CFO. CFO provides written financial plans, provides pension plan design and administration by independent third parties, engages in the sale of insurance, provides investment management for a fee and offers other financial services. If you are in a state where CFO is not licensed to provide any part of these services, the information in this handout is not intended to make any offer to provide such services. This material does not create a client – planning relationship, and any such relationship is governed by applicable CFO retainer and other applicable agreements as may be executed by and between CFO, its affiliates and its clients.
In addition to CFO providing all or some of the above services, CFO also uses third parties to provide certain of its services, and is not liable for the accuracy of the information provided in connection with third party work product, plans or analysis, and the information provided therein is governed by disclosures by those parties applicable to the service provided. With respect to the provision of written financial plans, the plans are governed by the disclosure contained therein; rely on the information provided by a prospective client or client, and offer representational advice concerning CFO planning opportunities. Insurance sales by CFO contain and rely on illustrations provided by insurance companies with which CFO has agency agreements. Clients making insurance purchases through CFO do so by directly paying insurance companies or through payments made by applicable accounts established in the client(s) name or for the benefit of the client. Those sales are governed by applicable insurance policies issued by insurance companies to the client. Pension plan design and administration relies on information provided to CFO and independent, third party pension firms by prospective clients or clients, and such design, analysis and recommendations are governed by applicable disclosures contained in that analysis. Asset management and investment analysis is provided by CFO using third party analytical software and money management agreements with non-CFO investment management firms. CFO does not retain custody of any client funds. Asset management is governed by applicable agreements by and between CFO and its clients, and disclosures contained therein. Investment analysis using third party software is governed by disclosures contained therein.
Information contained herein shall not constitute an offer to sell or a solicitation of an offer to buy any securities listed herein in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. The investment scenarios outlined and/or future presentations are based on historical data and/or are hypothetical and make certain assumption about the rate of return and that dividends and other income are reinvested. Individuals should also note that the projections do not account for the effects of taxes. The projections do not reflect the negative impact of advisory fees, brokerage fees, commission and any other expenses on return. While certain mutual fund shares may be described as no-load the shares are still subject to a management fee, which is in addition to advisory and other fees. An inflation rate that is higher than projected; declining productivity; irregular spending and savings patterns; and other social, political and economic factors could impact the direction of corporate earnings and the stock and/or bond markets, which would negatively affect the return projections. In addition, investment returns and principal values will fluctuate. Investments are neither insured nor guaranteed by the U.S. government or any other entity. Investments may be worth more or less than their original cost. The information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. There is no guarantee of future performance. Past performance is not indicative of future results.
This notice is being provided on behalf of CFO and its affiliates, referred to collectively as “CFO”, “us”, “we” or “our”.
- How we treat the information we receive (“Information”) about individuals who apply for or obtain our products or services (“Individuals”); and
- The third parties with whom we may share this Information.
INFORMATION WE COLLECT
“Non-public Personal Information” is non-public information about the Individual that we obtain in connection with providing a financial product or service to the Individual for personal, family, or household purposes. This non-public information is necessary for us to provide services that serve your needs.
We collect Non-public Personal Information about Individuals from the following sources:
- Information provided to us directly by an Individual on an application or other form in connection with our products or services. This may include but not be limited to: name, age, income, net worth, investable assets, current investments, address, phone number, social security number, and expenses.
- Information about an Individual’s transactions with us, our affiliates, or others, such as account balance, payment history, parties to a transaction, credit/debit card usage, and insurance policy coverage and premiums.
INFORMATION DISCLOSURE TO THIRD PARTIES
We do not disclose any Non-public Personal Information about our customers or former customers to anyone, except within CFO listed above, or as permitted or
required by law.
INFORMATION WE GATHER AND PROVIDE TO OUR SERVICE PROVIDERS AND JOINT MARKETING PARTNERS
We may disclose all of the Information we collect, as described above, to non-affiliated companies that perform services on our behalf, or to other financial institutions with whom we have joint marketing agreements. For example, Information may be disclosed to others to enable them to provide business services for us, such as helping us to evaluate requests for our products or services, performing general administrative activities for us, and assisting us in processing a transaction requested by an Individual. We may also gather Information from third parties as described in the Retainer Agreement to assist us in providing the services offered.
DISCLOSURE OF INFORMATION ABOUT FORMER CUSTOMERS
If an Individual decides to close an account or otherwise becomes an inactive customer, we will continue to follow the privacy practices described in this notice with respect to such Individual.
PROTECTING CONFIDENTIALITY AND SECURITY
We treat Information in a confidential manner. Our employees are required to protect the confidentiality of Information. Employees may access Information only when there is an appropriate reason to do so, such as to administer or offer our products and services. Employees are subject to disciplinary rules if they do not comply with our policies.
We also maintain physical, electronic, and procedural safeguards to protect Information; these safeguards comply with all applicable laws. Our commitment to data security involves monitoring new advances in security technology and enhancing our security architecture to ensure that we provide adequate privacy for our customers.