Financial Solution Advisors Corp.

The firm provides personalized financial planning and discretionary investment management primarily for individual clients, and also advises pension and profit-sharing plans, trusts, estates, charitable organizations and small businesses. In addition to asset management and planning, the firm offers tax preparation, retirement and estate planning advice and engages in the sale of insurance and other commissioned products; its brochure discloses that it can receive commissions and other economic benefits in connection with client recommendations.

The firm’s investment approach centers on strategic asset allocation using a core-and-satellite model—passive index and ETF funds as the core with selectively chosen active funds as satellites—and seeks global diversification to manage market risk. Client relationships are documented with written investment policy statements, periodic (at least quarterly) account reviews, and ongoing implementation and reporting for clients who choose asset management services.

This firm is notable among independent, solo advisers for combining fee-based AUM services with commissioned product sales and for its formal affiliations: the principal is a licensed insurance agent who may earn commissions on insurance sales, and operates an affiliated certified public accounting firm that shares office services and may provide tax-planning and tax-preparation services to clients. The brochure states these multiple roles and revenue sources are disclosed to clients and that clients are not obligated to use the affiliated services.