Form ADV Part 3 – Client Relationship Summary

Item 1-Introduction

Better Financial Services, LLC (“We”, “Our”) is registered with the Securities and Exchange Commission as an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for retail investors to understand the differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

Item 2-Relationships and Services

What investment services and advice can you provide me?

We are a fee-only, fiduciary advisor and  offer investment advisory services to individuals, trusts, estates, charitable organizations, corporations, associations and other business entities.  We provide discretionary investment management and financial consulting services to clients. 

Our financial consulting services consist of providing clients with investment advice, analysis of financial goals and objectives as well financial and retirement planning. 

For discretionary investment management services, we assist clients in meeting their goals through the use of investments made available through the custodian.  We utilizes various securities, including but not limited to; stocks, bonds, mutual funds, exchange traded funds (ETF), certificates of deposit, real estate investment trusts (REIT), preferred stock, U.S Treasury bonds and other investments available through the custodian. Clients may impose restrictions on purchasing various investments and we will tailor Investment Management based upon the individual needs of the client. In determining the appropriate suitability for the Client, we will consider all information provided by the Client. Clients receive ongoing portfolio construction, investment selection, monitoring, rebalancing, reporting and execution of trades on a discretionary basis, which means we will not obtain Client’s consent before making trades.  Our firm does not have a minimum account size.

Additional Information:

You can find more detailed information about the services we offer in our Form ADV Part 2A, Items 4 & 7.

Conversation Starters:

1. “Given my financial situation, should I choose an investment advisory service? Why or why not?”
2. “How will you choose investments to recommend to me?”

“What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?”

Item 3-Fees, Costs, Conflicts, and Standard of Conduct

What fees will I pay?

Financial consulting services are offered and will be billed on an hourly fee of $500 or a flat fee basis that ranges between $2,500 and $10,000 depending of the complexity of the plan and the topics covered. An estimate of the number of hours to complete the project and the estimated fee will be provided to the client at engagement. Half of the estimated fee is due at engagement with remainder due at the completion of the service. At the completion of the project, the client will be presented with an invoice showing the total fee, the calculation, number of hours spent on the project, time period covered and the services provided. 

We charge a maximum annual management fee of 1.50% quarterly in arrears. The initial advisory fee shall be based on the account’s custodian reported market value (including cash and cash equivalents) on the last calendar day of the first quarter we manage the account. The fee will be prorated for the number of days in the quarter that the account is managed (contributions and withdrawals made thereafter will also be prorated). Subsequent quarterly advisory fees will be based on the account’s custodian reported market value as of the close of business on the last business day of the quarter. The fee may be negotiable.

Please also see items 4, 5, 6, 7 & 8 in our ADV Part 2A (firm brochure) for our fee schedule and other information.https://adviserinfo.sec.gov/firm/summary/329520

Our management fees are exclusive of account maintenance fees, brokerage commissions, transaction fees, and other custodian related costs and expenses. Mutual funds and exchange traded funds charge internal fees that are separate from our management fee.

Conversation Starter:

“Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?”

Additional Information:

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. You can find more detailed information about our fees and costs in Item 5 of our Firm Brochure. 

Item 4-Disciplinary History

Do you or your financial professionals have legal or disciplinary history? No, neither we nor our financial professionals have a legal or disciplinary history.

Additional Information:

Visit https://www.Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.

Conversation Starter:

“As a financial professional, do you have any disciplinary history? For what type of conduct?”

Item 5-Additional Information