At Professional Financial Solutions, LLC, we offer the Financial Partner Program. This program includes The Financial Freedom Plan and The Investment Solution. While we prefer to provide both services to our clients, they are offered separately for those that don't feel they need both services.

The Financial Freedom Plan
The financial planning process requires our thoroughly analyzing your current financial condition, identifying and prioritizing financial goals, finding ways to meet those goals, and then monitoring your progress towards meeting them.

You may want to:

• Reduce your tax burden,
• Save for college education costs,
• Save for retirement,
• Prepare for possible disability, job loss or untimely death,
• Minimize estate taxes, and
• Control the distribution of your estate.

The Financial Freedom Plan is the analysis tool that details what actions need to be taken to achieve the stated goals. This plan provides annual investment targets, amounts to be invested, commentary on your current situation, and recommendations on how to better utilize your resources. The plan should be reviewed annually and updated at least every five years.

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The Investment Solution
The Investment Solution implements the financial plan. There's no point in developing a plan that doesn't get carried out! Asset management tools for the Investment Solution include stocks, bonds, mutual funds, limited partnerships, and certain types of insurance and annuities.

We primarily utilize passively managed mutual funds to provide specific asset class exposure without risk of style drift. We believe that the markets are efficient and that active management does not add enough value to cover the higher expenses and income taxes.

We will prepare your personal Investment Solution stating your goals, providing a risk profile, identifying acceptable investments, and determining an efficient asset allocation. The Investment Solution will provide us with the criteria by which our success will be measured. As we are compensated based on the value of your investments, if your investments do well, so do we; and if they don't, neither do we.

We will prepare quarterly reports that detail how the assets under management have performed. Unlike most reports provided by brokerage houses or mutual fund companies, our report will indicate your actual return after all expenses. We can aggregate your accounts or report on each one separately. These statements will be in addition to those you receive directly from the broker dealer.

We'll meet with you at least annually to discuss your Investment Solution including your financial assets, update your goals, and make any necessary adjustments. This process is designed to keep you and us up-to-date on your financial matters and focused on your goals.

Keep in mind that we would not have custody or possession of your investments and that you are always the ultimate decision-maker in the asset management process.

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Our Clients
At Professional Financial Solutions, LLC, we serve a wide range of individuals and families. Our clients range in age from recent college graduates to retirees. They include employees of private and government organizations, self-employed individuals, corporate executives, and homemakers.

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Fees
We offer financial planning and asset management services on a fee basis; we do not take commissions and we are independent of any broker dealer, investment company, investment product, or insurance company. The fact that we don't receive commissions means we have no interest in any particular investment. You won't have to worry about our motivation for making investment suggestions. In addition, you always know our fee – it won't get buried in a hard-to-decipher brokerage statement. Mr. Mickelson owns the business and wishes to remain independent. So unlike some large brokerage firms where your account executive may leave, you know that you can contact Mr. Mickelson regarding your account, assuring you of a long continuous relationship.

The financial planning fees are project based and determined prior to starting any planning work. Asset management fees are based on a percentage of the assets we manage. Currently, we do not charge a fee for money market assets in taxable accounts or for investments held outside of PFSLLC that we review as part of our asset allocation work, e.g., 401(k) accounts.

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How It Works
Here's how the process will work. Our initial meeting will be much like a blind date – an opportunity for us to meet and see if you would like to retain us to help with your financial needs. At the same time, we will determine if you meet our criteria. We prefer clients that are motivated to succeed and are looking to us to act as their coach – helping them to succeed. At this meeting we ask that all the important financial information and documents be brought in so we can get a good overview of your situation. Assuming we agree to work together, we complete the disclosure brochure and advisory agreement. Asset management clients will be asked to complete our risk assessment questionnaire.

At the next meeting, we will review a draft of The Financial Freedom Plan confirming goals and objectives, going over all assumptions, and confirming data. For clients retaining us for asset management, we may prepare the account applications to get that process started, depending on the situation. We will discuss the investments we use and provide some educational information to help you understand what we are doing and why.

The third meeting we will provide the final financial plan and provide an invoice for our planning services. If you are also an asset management client, we will provide a draft of The Investment Solution along with the proposed asset allocation and discuss how we recommend investing your assets to achieve the plan targets.

The fourth meeting we will provide the final asset allocation and your investment solutions. All documents needed to implement the agreed upon strategy will be approved and executed.

Note that the number of meetings will vary based on the scope of the work and the client's needs.

If you are only a financial planning client, you will receive our quarterly newsletter. We recommend that you review your plan annually. If there is a job change, change in benefits, or some other significant change in your financial situation, you should review the plan at that time. Your plan should be revised at least every five years. (More frequently if there are major changes or if you are nearing retirement.)

Asset management clients will receive quarterly performance reports on their accounts and we offer to meet at least annually to review their accounts and their financial situation. We will be available throughout the year to answer financial questions or refer you to other professionals that you may need to utilize to resolve a personal financial issue.