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DEFINITIONS, RULES, REQUIREMENTS, DISCLAIMERS, TERMS & CONDITIONS
DEFINITIONS:
MFA = Mission Financial Advisors and/or it's Licensed Representatives
Investor(s) = New and/or existing client/clientele of MFA
Retirement/Financial Plan = Retirement Planning; Financial Planning; Retirement Roadmap; Retirement Projection; Planning Services; Financial Advice
Prospective *Planning Clientele = A person or entity that anticipates opening an *Advisory Account and invests a minimum of $100,000 (with MFA) prior to engaging in financial planning services. (Planning Only Services Available - See Planning Grid Link Below).
RULES, REQUIREMENTS, & DISCLAIMERS:
To engage MFA in financial planning services we require a minimum household account size of $100,000 invested in an *Advisory Account for an anticipated time frame of 5+ years (excludes, but not limited to the following account types: fixed products, life insurance and other insurance products, 529 plans, brokerage accounts, annuities, mutual fund accounts, etc.). Each financial situation is unique, and the aforementioned account types/investment vehicles mentioned may not be suitable for your unique situation. Our SAM advisory accounts incur annual advisory fees (collected quarterly). MFA's advisory fee schedule begins at 1.25%, and may decrease based on the aggregate household assets within the Strategic Asset Management (SAM) platform. In addition, LPL may impose other miscellaneous fees based on account sizes and/or type of security transactions made within the SAM accounts. These fees can paid by either the financial advisor or by the client. Please carefully review all of your account opening documents and disclosures for details. In addition to advisory fees, for households less than $500,000 there will be an additional financial planning set-up fee of $500.
Planning only services are NOT available at Mission Financial Advisors. MFA charges a ONE-TIME initial financial planning set-up fee for new or existing clients that desire financial planning services (Under $500,000). MFA may also receive compensation from various investment and insurance products in the form of fees and/or commissions as a result of working with a client. MFA reserves the right to charge a planning update fee if deemed appropriate. SEE PLANNING GRID HERE Due to the time required to create a financial plan, MFA will not proceed with planning services until: The minimum household account size of $100,000 has been met, a planning agreement has been signed, and the planning fee has been collected (Households under $500,000). While the financial planning process attempts to consider the "big picture", *detailed advice within the plan may be general in nature, and it should be assumed that scenarios outside the scope of your plan may occur.
MFA offers Advisory Accounts, Annuities, and Mutual Funds through LPL Financial, which may not be suitable for all investors. You should carefully consider all associated: fees; potential loss of principal; possible tax implications; investment time frame(s); potential surrender charges and penalties; potential illiquidity; and other various factors that may impact your financial situation. Advisory accounts, Annuities, and Mutual Funds are not FDIC insured, not guaranteed, may lose value, and may not be suitable for all investors. Please ask for copies of and carefully read all prospectuses and disclosures prior to investing.
Financial plans are generated no greater than once per year (exceptions may apply). MFA is under no obligation to contact clients for the purposes of creating a financial plan, or subsequent plans. Financial Planning is a two-way street, both the Advisor and the Client must be engaged. MFA is under no obligation to provide on-going planning services if a client transfers assets away from MFA, or is unable to be reached via phone, email, or in person by our advisors and staff. Both MFA and the client maintain discretion to discontinue financial planning services at the expiration of the planning agreement, or at an agreed upon time prior to the agreement end date.
MFA does not guarantee the accuracy of a financial plan, and relies upon client supplied data, third-party statements, and third-party software to generate plans. These plans are subject to both computer/software and human error(s). A financial plan does not guarantee a given result(s), and or outcome(s). Data input should be reviewed by the client for accuracy and completeness. Plans may require clients to complete or perform various actions (i.e. Draft Estate Documentation; Consult a Tax Advisor; Update Beneficiaries; Save Additional Money; Pay Down Debt(s); Purchase various Insurance policies; Etc.), and MFA is not responsible for the oversight of these client tasks/responsibilities. Also, any action-steps, goals, or any scenario illustrated or projected DOES NOT, in any way, predict or guarantee, any given outcome.
Financial planning can examine various scenarios that are complex in nature (taxes; estate planning; medical insurance; employee benefits; social security; divorce; major medical expense; market risk; timing risk; etc.), and therefore, investors should consult other licensed professionals when planning: Attorneys; Tax Professionals; Insurance Agents; Medical Professionals; Employee Benefits Department(s); Government Entities (i.e. Social Security Office); and other misc. licensed professionals and entities that can help aide in their retirement planning. A financial plan represents a culmination of data and assumptions that are subject to change, and are subject to computer and/or human error(s). Financial plans are built on assumptions, and cannot plan for all risk(s): (i.e. Political Risk; Lawsuits; Natural Disasters; Wars; Bankruptcies; Acts of God; Etc.), and should be treated as entirely hypothetical in nature. It is highly recommended that you carefully review your financial plan for inaccuracies, and topics discussed. Investors/Clients assume the full responsibility of notifying MFA of ANY plan inaccuracies, and/or ANY changes that pertain to your financial situation in the past/present/future.
It's important to note that a financial plan may be limited in scope. It should never be assumed that a financial plan will cover every goal or potential risk. A financial plan does not offer a yes or no answer, rather it attempts to indicate the potential direction someone might be moving towards financially. The assumptions within a financial plan, in general, are based on various data sets from various times in history. These data sets are collected and disseminated by various publications and/or organizations. The variations between the assumptions and the future data could vary widely. These variations could have a significant impact on the overall results and recommendations of the plan. Some examples of these variables are: higher or lower inflation; higher or lower rates of return; higher or lower tax rates; higher or lower rates of withdrawal; varying sequence of returns; etc. It's important to review your plan periodically, and notify your financial advisor of any potential concerns or changes in your financial situation.
A Financial Plan is purely hypothetical, general in nature, and does NOT guarantee an outcome and/or a result. Past performance is NOT a guarantee of future results.
PLEASE NOTE: The designations of RICP®, APMA®, & AIF® are unique to Christopher Stewart within the practice of Mission Financial Advisors. Chris Stewart & Tyler Mason are both CERTIFIED FINANCIAL PLANNER® professionals.