Disclosures

Important Information and Disclosures

We are an SEC registered investment advisor. Please read our Form ADV parts 1, and 2 filed with the Securities and Exchange Commission.

Our fee schedule

Our investment advisory fees are deducted monthly in arrears from your accounts, based on the assets under management with A&I Wealth Management.

Assets Under Management

Annual Fee

Under $100,000

1.50%

$100,001 to $250,000

1.25%

$250,001 to $2,000,000

1.00%

$2m to $5m

0.90%

$5m to $10m

0.80%

$10m to $15m

0.65%

$15m to $20m

0.50%

$20m to $25m

0.40%

$25m to $30m

0.35%

Over $30 million

0.3%

Ask for a copy of our asset management agreement for complete details about how we are paid.

A&I Financial Services LLC, dba A&I Wealth Management (A&I), is registered as an investment adviser with the SEC and only conducts business in states where it is properly notice filed or is excluded from registration requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. Please refer to our Form ADV Part 2A disclosure brochure and our Form CRS for additional information regarding the qualifications and business practices of A&I.

Our relationship with Geneos Wealth Management

We choose to keep a relationship with a broker dealer because certain resources and investments can only be offered through a broker dealer. We believe our fiduciary duty to our clients is best fulfilled with the broadest array of investments to choose from. Some new clients come to us having purchased investments from a broker dealer representative that we would not be able to help them with if we did not keep a relationship with Geneos or another broker dealer. That being said, the vast majority of our clients do not have a relationship with Geneos Wealth Management. For particular questions or concerns, please contact your financial advisor.

A & I Financial Services and Geneos Wealth Management, Inc. do not provide tax or legal services. Individuals should always consult their own legal or tax advisor regarding their specific situation before acting on any information provided.

Third-party Rankings

Karl Frank of A&I Financial Services, LLC was named to the Five Star Professional (FSP) list of Five Star Wealth Managers for 2022. The award was issued on October 1st, 2022 for the time period of January 17th, 2022 through October 1st, 2022 and is based on 10 objective criteria. 2,132 Denver-area wealth managers were considered for the award; 235 (11% of candidates) were named 2022 Five Star Wealth Managers.

Awards, third-party rankings and other recognitions are not indicative of future performance. Awards and other recognitions should not be interpreted as a guarantee or suggestion that a client or prospective client will experience a certain level of results if our firm is engaged, or continues to be engaged, to provide investment advisory services, or as an endorsement of our firm by any past or present client. FSP is not affiliated with our firm, the award is not based on client evaluations of our firm and we have not paid a fee to be considered or placed on the final list of Five Star Wealth Managers. As a FSP award winner we may pay for marketing tools, including this advertisement.

Please Note: Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if A&I is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see participation criteria/methodology). Unless expressly indicated to the contrary, A&I did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of A&I by any of its clients. ANY QUESTIONS: The Company is available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking.

Website content

Client stories included on this website reflect hypothetical client situations that represent those commonly encountered by AIWM representatives, they do not reflect actual client relationships.

The content on this website and A&I social media sites is provided for general financial education and is not intended to provide specific investment advice or recommendations.  It has been developed from sources believed to be reliable.  Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice.

No current or prospective client should assume that the future performance of any specific investment or investment strategy (including those investments and/or investment strategies recommended by the adviser), or product made reference to directly or indirectly on this website, will be profitable or equal to past performance levels.

Different types of investments involve varying levels of risk. There can be no assurance that any specific investment will be suitable or profitable for a client’s investment portfolio. There are no guarantees that any investment will match or outperform any particular benchmark.

The information provided on this website does not represent, warrant or imply that services, strategies or methods of analysis offered can or will predict future results, identify market tops or bottoms or insulate investors from losses.

Information presented is believed to be factual and up to date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of any subjects discussed. A professional advisor should be consulted before making any investment decisions. All opinions reflect the judgment of the author as of the date of the post and are subject to change. Information provided is not an offer to buy or sell or a solicitation of any offer to buy or sell any securities mentioned.

Posts and comments must refrain from recommending specific investments. A&I will delete comments deemed to be offensive or inappropriate. Our policy is to monitor and delete the following types of comments with content that contains: abusive and/or use foul language; solicitations and/or advertisements; violations of any rule, regulation, and/or statutes that govern the investment advisory industry; are derogatory based on race, religion, color, national origin, etc.; or, are otherwise deemed inappropriate at A&I’s discretion.

Please Note: Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if A&I is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see participation criteria/methodology). Unless expressly indicated to the contrary, A&I did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of A&I by any of its clients. ANY QUESTIONS: The Company is available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking.

Webcasts, Podcasts, Streaming Video, Streaming Audio

A&I webcasts, podcasts, streaming video, or streaming audios are provided free of charge solely for use by individuals for personal, noncommercial uses, and may be downloaded for such uses only, provided that the content is not edited or modified in any way and provided that all copyright and other notices are not erased or deleted.

All webcasts, podcasts, streaming video, or streaming audios are subject to and protected by U.S. and international copyright laws and may not be sold, edited, modified, used to create new works, redistributed or used for the purpose of promoting, advertising, endorsing or implying a connection with A&I.

A&I reserves the right, at any time and for any reason, to stop offering webcasts, podcasts, streaming video, or streaming audios and to stop access to or use of webcasts, podcasts, streaming video, or streaming audio and any content contained therein A&I shall not be liable for any loss or damage suffered as a result of, or connected with, the downloading or use of the webcasts, podcasts, streaming video, or streaming audios.

Outside Hyperlinks and Sources

Hyperlinks on this website are provided as a convenience. We disclaim any responsibility for information, services or products found on websites linked our site.

A&I is not responsible for the collection, use or security of information by companies or organizations outside of A&I that may be linked to our website or social media sites. Links to non-A&I sites are provided for convenience only and are accessed at your own risk. The information available on these sites has been produced by unaffiliated third parties and A&I does not guarantee its timeliness, sequence, accuracy, adequacy or completeness and make no warranties with respect to results to be obtained from its use. Any opinions or recommendations expressed therein are solely those of the third-party information providers and are not the opinions or recommendations of A&I. No endorsement of third-party products, services or information is expressed or implied by any information, material or content referred to or included on, or linked from or to this website. Under no circumstances should the information be construed as an offer to sell or solicitation of an offer to buy a particular security. Consumers are encouraged to read the privacy policies of websites reached using links from the A&I website.

Asset Allocation and Portfolio Management

  1. On asset allocation:
    Ibbotson, Roger & Paul D. Kaplan (2000) Does Asset Allocation Policy Explain 40, 90, or 100 Percent of Performance?, Financial Analysts Journal, 56:1, 26-33 <https://www.tandfonline.com/doi/abs/10.2469/faj.v56.n1.2327

  2. On timing and selection of investments:
    Kinnel, Russ. Aug 30, 2019. Morningstar.com. How Does the Timing of Fund Selection and Sale Impact Investor Returns? Accessed January 5, 2024. <https://www.morningstar.com/insights/2019/08/30/investor-returns-fund>

  3. On S&P 500 average returns:
    Maverick, JB. January 3, 2024. Investopedia.com. S&P 500 Average Return and Historical Performance. Accessed January 5, 2024. <https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp>

  4. On Dalbar, the research is behind a paywall:
    Coleman, Murray. April 3, 2023. Dalbar QAIB 2023: Investors are Still Their Own Worst Enemies. Accessed January, 2024.<https://www.ifa.com/articles/dalbar_2016_qaib_investors_still_their_worst_enemy>

Asset Protection and Reducing Risks

  1. On dollars lost:
    Statista. March, 2024. Annual amount of monetary damage caused by reported cybercrime in the United States from 2001 to 2023.  Accessed May 18, 2024. <<https://www.statista.com/statistics/267132/total-damage-caused-by-by-cybercrime-in-the-us/>>

  2. On number of breaches and number of individuals affected by the breaches:
    Statista. March, 2024. Annual number of data compromises and individuals impacted in the United States from 2005 to 2023. Accessed May, 2024. <<https://www.statista.com/statistics/273550/data-breaches-recorded-in-the-united-states-by-number-of-breaches-and-records-exposed/>>

Business Succession Planning

  1. Colorado Chamber of Commerce. May 1, 2023. CoChamber.com Accessed December 27, 2023. <https://cochamber.com/2023/05/01/colorado-small-businesses-a-look-at-the-economic-profile/>

Charitable Planning

  1. National Center for Charitable Statistics. https://nccs.urban.org/nccs/ Accessed 2020.

Concentrated Stock Strategies

  1. Source: Fisher, Lawrence & Lorie, James H, 1970. “Some Studies of Variability of Returns on Investments in Common Stocks,” The Journal of Business, University of Chicago Press, vol. 43(2), pages 99-134, April https://www.jstor.org/stable/2352105

Elder Care Planning

  1. Statistics on the percentage of Americans who want to live at home and will die at home come from the Financial Planning Association certification course, Elder Planning Specialist. September to November, 2023.

Inflation

  1. How CPI is calculated: Investopedia, “Inflation.” https://www.investopedia.com/terms/c/consumerpriceindex.asp. Verified April 29, 2024.

  2. Recent CPI information: US BLS. “CPI”. https://www.bls.gov/cpi/ Verified April 29, 2024.

  3. UPenn Wharton School of Business. March, 2004. “Value Stocks vs. Growth Stocks: Timing Counts.” https://knowledge.wharton.upenn.edu/article/value-stocks-vs-growth-stocks-timing-counts/ verified April 29, 2024

Paying for College

  • Hanson, Melanie. November 18, 2023. Average Cost of College. Education Data Initiative. <https://educationdata.org/average-cost-of-college/> accessed May 2, 2024.

Real Estate Planning

  1. Home ownership percentage: US Census Bureau. October, 2023. Quarterly Residential Vacancies and Homeownership. Accessed December, 2023. < https://www.census.gov/housing/hvs/current/index.html>
  2. Renter occupied housing units: US Department of Housing and Urban Development, March, 2023.National Housing Market Summary. Accessed December, 2023. < https://www.huduser.gov/portal/sites/default/files/pdf/National-Summary-4Q21.pdf>
  3. Commercial units: US Energy Administration, December 3, 2020. Commercial buildings energy consumption survey. Accessed December, 2023. <https://www.eia.gov/consumption/commercial/>

Retirement Planning

  1. Thapa, Anuz. APR 10, 2019. TheStreet.com. Accessed December 27, 2024. <https://www.thestreet.com/video/how-to-find-happiness-in-retirement-14923063>
  2. Nationwide. Nationwide.com. Accessed December 27, 2024. <https://news.nationwide.com/062023-investors-near-retirement-delaying-plans-due-to-financial-uncertainty/>

Social Security Benefits Options

  1. Source:  Statista. “Average monthly Social Security payment to retired workers in the United States from 2010 to 2023.” Release date, January, 2024. <<https://www.statista.com/statistics/194307/average-monthly-payment-to-retired-workers-from-us-social-security/>>. Referenced May 17, 2024.
  2. Source: Statista. “Social security outlays and forecast in the United States from 2000 to 2033.” Release date February, 2023. <<https://www.statista.com/statistics/217654/outlays-for-social-security-and-forecast-in-the-us-as-a-percentage-of-the-gdp/>>. Referenced May 17, 2024.
  3. Source: Statista. “U.S.: How confident are you that Social Security system will continue to provide benefits of at least equal value to the benefits received by retirees today?” Release date April, 2023.  <<https://www.statista.com/statistics/292118/retiree-confidence-social-security-provisions-usa/>>. Referenced May 17, 2024.

Starting Out

  1. Source: US Census Bureau. Updated July, 2023. Accessed February 2024. Census.gov
  2. Source: Deer, Paul. January 23, 2024. The average net worth by age in America. Accessed February, 2024. https://www.empower.com/the-currency/life/average-net-worth-by-age

Stock and Stock Fund Investments

  1. World Federation of Exchanges.  Dashboard May 2024. Accessed May, 2024. <<https://focus.world-exchanges.org/issue/may-2024/dashboard>>
  2. Statista. Distribution of countries with largest stock markets worldwide as of January 2023, by share of total world equity market value. Accessed May, 2024. <<https://www.statista.com/statistics/710680/global-stock-markets-by-country/>>
  3. Statista. Number of Regulated Funds Worldwide. Accessed May, 2024. <<https://www.statista.com/statistics/278303/number-of-mutual-funds-worldwide/>>

Tuna Caserole: the case against early retirement

  1. Shell, Robbie. April 19, 2019. “Older People Used to Seem So Odd. Now I Get It.” Wall Street Journal. 
    https://www.wsj.com/articles/older-people-used-to-seem-so-odd-now-i-get-it-11555519390?mod=searchresults and amp;page=1 and amp;pos=3 verified April 29, 2024.

  2. Tergeson, Anne. April 23, 2019. “Workers, Retirees Are Feeling Better About Retirement Finances” Wall Street Journal. 
    https://www.wsj.com/articles/workers-retirees-are-feeling-better-about-retirement-finances-11555992060?mod=hp_lista_pos1 and amp;mod=djem_WealthJournal verified April 29, 2024.

  3. Johnson, Richard. April 21, 2019. “The Case Against Early Retirement” Wall Street Journal.
    https://www.wsj.com/articles/the-case-against-early-retirement-11555899000?mod=searchresults and amp;page=1 and amp;pos=2 verified April 29, 2024.

Wealth Transfer Planning

  1. Wolff, Edward. January, 2011. Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom? Working Paper. Access February, 2019. https://www.bls.gov/osmr/research-papers/2011/pdf/ec110030.pdf 

Various Blog posts

  1. Creating A Budget? Here’s What to Consider. Nerd Wallet, March, 2020. Gen Zers: How America’s Newest Adults Are Doing Money. Accessed January, 2024 <https://www.nerdwallet.com/article/finance/generation-z-money-survey>
  2. FIRE: Financial Independence Retire Early. Kurutz, Steven. September 1, 2018. How to Retire in your 30’s. Verified May, 2024 <https://www.nytimes.com/2018/09/01/style/fire-financial-independence-retire-early.html?mod=article_inline>
  3. Waiting for Precedented Times? Build Your Portfolio With Change in Mind. Wikipedia. End-of-history illusion. Accessed January, 2024. <https://en.wikipedia.org/wiki/End-of-history_illusion>
  4. What is important about money as we age? DiJulio, Bianco et al. Kaiser Family Foundation. Serious Illness in Late Life. Accessed 23 December 2023: https://www.kff.org/other/report/serious-illness-in-late-life-the-publics-views-and-experiences/
  5. What’s the biggest determinant of financial success? Statman, Meir. September 23, 2018. “A Better Way to Think About Portfolio Rebalancing.” Wall Street Journal. https://www.wsj.com/articles/a-better-way-to-think-about-portfolio-rebalancing-1537754941?mod=searchresults%20and%20amp;page=1%20and%20amp;pos=1 Verified April 29, 2024.
  6. Who Would Buy a Bond That Is Guaranteed to Lose Money? from 2019
    1. Cox, Jeff. August 21, 2019. “Surge in corporate debt with negative yields”. CNBC: https://www.cnbc.com/2019/08/21/negative-yielding-debt-poses-major-risks-for-investors.html verified April 29, 2024.
    2. Davies, Paul. April 21, 2019. “Germany for First Time Sells 30-Year Bonds Offering Negative Yields.” Wall Street Journal.
      https://www.wsj.com/articles/germany-for-first-time-sells-30-year-bonds-offering-negative-yields-11566385847 verified April 29, 2024.

    3. Wiltermuth, Joy. August 22, 2019. “Near–$17 trillion pile of negative-yielding…” Marketwatch.com https://www.marketwatch.com/story/that-near17-trillion-pile-of-negative-yielding-global-debt-its-a-cash-cow-for-some-bond-investors-2019-08-22 verified April 29, 2024

  7. You May Live to Age 100 According to Stanford’s Map of Life.  <https://longevity.stanford.edu/the-new-map-of-life-report/> verified May 2, 2024.