Financial Planning Disclosure and Agreement
Page 2
Financial Planning Disclosure and Agreement
Part I: Contact Information for Parties to the Agreement
A. John’s Name and Contact Information
i. John Butterfield
ii. Wife of John Butterfield, Haley Butterfield
Part II: Services to be provided
A. Describe the services to be provided under this Agreement with the John
For the purposes of this Agreement, there are three classes of services. John shall select the class of service by initialing each service requested. The nature and scope of each class are:
i. Comprehensive Financial Planning:
After a thorough review of all pertinent John provided data and objectives and mutually agreed upon assumptions, the Company will analyze the Johns financial situation including, but not limited to: net worth (assets and liabilities), corporate benefits, current and projected, retirement planning, risk management, investment portfolio, specific financial needs as determined by the John, and tax and estate planning considerations. Upon completion of the analysis, the Company will make recommendations including suggested strategies to achieve John’s stated objectives. The Company will provide John with a written report of all analysis and recommendations. In the event John wishes to engage the Company to provide additional services John and Company will establish mutually agreed upon terms for the continuation of services. The John will be required to sign a new John agreement and additional fees may apply for additional reviews.
ii. Specific Financial Planning:
John will review all pertinent data provided by the Company, objectives, and mutually agreed upon assumptions and will prepare analysis limited to the topics selected by the John. The Company will provide John with the written report of all the relevant analysis and recommendations to assist John’s specific financial planning needs.
iii. Hourly Financial Consultation:
Company will provide financial consulting services on an hourly basis. The Company Fee is $75.00 per hour for Financial Planning. Under no circumstances will the Company require prepayment of a fee more than six months in advance and in excess of $500.00.
B. Describe the obligations and responsibilities of each party with respect to:
i. John agrees to provide, on a timely basis, information regarding income and expenses, investments, income tax situations, estate plans, and other pertinent matters as requested by Company from time to time, John also agrees to discuss needs and goals and projected future needs candidly with Company and to keep Company informed, in writing, of changes in John’s situation, needs, and goals.
ii. John acknowledges that Company cannot adequately perform its services on the John’s behalf unless John performs such responsibilities on his/her part and that Company’s analysis and recommendations are based on the information provided by John.
iii. John agrees to permit Company to consult with and obtain information about John from John’s accountant, attorney, and other Companies.
iv. Company shall not be required to verify any information obtained from John, John’s attorney, accountant or other Companies and is expressly authorized to rely on the information received.
v. John is free at all times to accept or reject any recommendation from Company and John acknowledges that he has the sole authority with regard to the implementation, acceptance, or refection of any counseling or advice from Company.
Confidentiality
All information and advice furnished by either party to the other, including their respective agents and employees, shall be treated as confidential and shall not be disclosed to third parties, except as required by law or necessary to carry out designated powers or as granted by the John.
Basis of Advice
John acknowledges that Company obtains information from a wide variety of publicly available sources and that Company has no sources, and does not claim to have sources, of inside or private information.
The recommendations developed by Company are based upon the professional judgment of Company and its individual professional counselors and neither Company nor its individual counselors can guarantee the results of any of their recommendations.
John at all times may elect unilaterally to follow or ignore completely or in part any information, recommendation or counsel given by Company under this Agreement.
Implementation
John is free to obtain legal, accounting, and brokerage services from any professional source to implement the recommendations of Company. John will retain absolute discretion over all investment and implementation of any recommendations.
C. Description of other professionals and/or firms the certificate may work with to provide the necessary services listed under this agreement
Legal and Accounting Services
It is understood and agreed that Company and its employees are not qualified to and will not render any legal or accounting advice nor prepare any legal or accounting documents for the implementation of John’s financial and investment plan. John agrees that his/her personal attorney and/or accountant solely shall be responsible for the rendering and/or preparation of the following: (i) all legal and accounting advice; (ii) all legal and accounting opinions and determinations; (iii) all legal and accounting documents.
Part III: Material Information Relevant to the Relationship
A. Sources of Compensation
John and His wife salaries and property included as the sources of compensation. After the retirement, their monthly retirement amount is considered as the source of compensation.
B. Conflicts of Interest
1. Describe the conflicts of interest the certificant or certificant’s employers
Conflict of interest will be handled by and between John and his wife Haley. Company and its senior adviser will participate in the discussion to resolve conflict of interest.
2. Describe the limitations
This Agreement may not be modified or amended except in writing and signed by both Adviser and Client. Client may terminate the Agreement within five days of the date of acceptance without penalty to the Client. Thereafter Client will incur a pro rata charge for bona fide advisory services actually rendered prior to such termination. After the five-day period, either party may terminate the Agreement by providing 30 days advance written notice to the other party. Upon termination, any prepaid fees will be pro-rated to the date of termination and any unearned portion thereof will be refunded to Client.
Part IV: Additional Information
This agreement is effective as of the date signed below and will last in duration until [12-2030]. To terminate the agreement, this Agreement may not be modified or amended except in writing and signed by both Adviser and Client. Client may terminate the Agreement within five days of the date of acceptance without penalty to the Client. Thereafter Client will incur a pro rata charge for bona fide advisory services actually rendered prior to such termination. After the five-day period, either party may terminate the Agreement by providing 30 days advance written notice to the other party. Upon termination, any prepaid fees will be pro-rated to the date of termination and any unearned portion thereof will be refunded to Client.
You are encouraged to review the information contained in this disclosure form and ask the certificant any questions you may have. As a CFP® certificant, I acknowledge my responsibility to adhere to the standards established in CFP Board’s Standards of Professional Conduct, including the duty of care of a fiduciary, as defined by CFP Board. If you become aware that my conduct may violate the Standards, you may file a complaint with CFP Board at www.CFP.net/complaint.
I hereby acknowledge the terms of this Agreement and the disclosures made above.
John Butterfield 25-09-2019
