Item 1 – Cover Page
Erickson Financial Solutions, LLC
1804A Southwest Blvd
573-635-0942
steve@ericksonfinancialsolutions.com
www.ericksonfinancialsolutions.com
Date Updated: 1/21/2011
This Brochure provides information about the qualifications and business practices of
ERICKSON FINANCIAL SOLUTIONS, LLC. If you have any questions about the contents of
this Brochure, please contact us at 573-635-0942 or steve@ericksonfinancialsolutions.com. The
information in this Brochure has not been approved or verified by the United States Securities
and Exchange Commission or by any state securities authority.
ERICKSON FINANCIAL SOLUTIONS, LLC is a registered investment adviser. Registration
of an Investment Adviser does not imply any level of skill or training. The oral and written
communications of an Adviser provide you with information about which you determine to hire
or retain an Adviser.
Additional information about ERICKSON FINANCIAL SOLUTIONS, LLC also is available on
the SEC’s website at www.adviserinfo.sec.gov or http://www.sos.mo.gov/.
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Item 2 – Material Changes
On July 28, 2010, the United State Securities and Exchange Commission published
“Amendments to Form ADV” which amends the disclosure document that we provide to clients
as required by SEC Rules. This Brochure dated 1/1/2011 is a new document prepared according
to the SEC’s new requirements and rules. As such, this Document is materially different in
structure and requires certain new information that our previous brochure did not require.
In the future, this Item will discuss only specific material changes that are made to the Brochure
and provide clients with a summary of such changes. We will also reference the date of our last
annual update of our brochure.
In the past we have offered or delivered information about our qualifications and business
practices to clients on at least an annual basis. Pursuant to new SEC Rules, we will ensure that
you receive a summary of any materials changes to this and subsequent Brochures within 120
days of the close of our business’ fiscal year. We may further provide other ongoing disclosure
information about material changes as necessary.
We will further provide you with a new Brochure as necessary based on changes or new
information, at any time, without charge.
Currently, our Brochure may be requested by contacting Steven S. Erickson, President, at 573635-0942 or steve@ericksonfinancialsolutions.com.
There are no material changes since the last published Form ADV.
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Item 3 -Table of Contents
Item 1 – Cover Page ......................................................................................................................... i
Item 2 – Material Changes .............................................................................................................. ii
Item 3 -Table of Contents .............................................................................................................. iii
Item 4 – Advisory Business ............................................................................................................ 1
Item 5 – Fees and Compensation .................................................................................................... 1
Item 6 – Performance-Based Fees and Side-By-Side Management ............................................... 1
Item 7 – Types of Clients ................................................................................................................ 1
Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ........................................ 1
Item 9 – Disciplinary Information .................................................................................................. 1
Item 10 – Other Financial Industry Activities and Affiliations ...................................................... 2
tem 11 – Code of Ethics .................................................................................................................. 2
Item 12 – Brokerage Practices ....................................................................................................... 2
Item 13 – Review of Accounts ....................................................................................................... 2
Item 14 – Client Referrals and Other Compensation ...................................................................... 3
Item 15 – Custody ........................................................................................................................... 3
Item 16 – Investment Discretion ..................................................................................................... 3
Item 17 – Voting Client Securities.................................................................................................. 3
Item 18 – Financial Information ..................................................................................................... 3
Item 19 – Requirements for State-Registered Advisers .................................................................. 3
Brochure Supplement(s)
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Item 4 – Advisory Business
Adviser has been in business since January 1, 2006. Our firm provides fee-only financial advice
primarily to individuals, but may advise a business. Steven S. Erickson is the sole owner and
advisor. Adviser does not manage portfolios or assets. Adviser typically maintains an ongoing
relationship with Clients, billing for requested tasks. Predominantly Advisor advise Client how
to provide and income to sustain Client’s lifestyle during retirement.
Item 5 – Fees and Compensation
Adviser is compensated typically on an hourly basis, but is permitted to offer a flat-fee
arrangement. Client is billed directly and is often billed to bring his account current and to cover
further estimated billing in accordance with the engagement agreement. Typically an initial
deposited is required to begin an engagement and the Client is billed as hours accrue. Rates
range from $120 to $240 per hour depending upon the set of tasks or circumstances about which
Client wishes Adviser to perform or give advice. Fees are negotiable for special situations. Client
is responsible for third party service or product costs, fees, or expenses incurred by Client or
Adviser on behalf of Client. If Client terminates the engagement and a residual of any advanced
payment remains after an accounting for fees, expenses, hours expended on Client’s behalf, this
residual is returned within 7-days of the final accounting. After 48-hours, no part of the initial
deposit is refundable if Client terminates, but a pro rata portion is returned if Adviser terminates
the engagement.
Item 6 – Performance-Based Fees and Side-By-Side Management
Not applicable.
Item 7 – Types of Clients
Adviser typically accepts middle to high net worth or above average income individuals.
Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss
Not Applicable
Item 9 – Disciplinary Information
Registered investment advisers are required to disclose all material facts regarding any legal or
disciplinary events that would be material to your evaluation of Erickson Financial Solutions,
LLC or the integrity of Erickson Financial Solutions, LLC’s management. Erickson Financial
Solutions, LLC has no information applicable to this Item.
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Item 10 – Other Financial Industry Activities and Affiliations
Adviser has relationship with Fee-only Investment Advisors in that the owner of Adviser, Steven
S. Erickson, is the 100% owner of Fee-only investment Advisors, LLC. Fee-only investment
Advisors, LLC is a separate registered investment advisory firm and performs the same functions
as Adviser plus manage investment portfolios. Commonly, individuals are clients of both firms,
one for financial planning related services and one for investment services. Neither firm shares
any fees.
Item 11 – Code of Ethics
Objectivity: Adviser strives to be as unbiased as possible in providing advice to clients and
Adviser practices on a fee-only basis.
Confidentiality: Adviser shall keep all client data private unless authorization is received from
the client to share it. Adviser shall treat all documents with care and take care when disposing of
them. Relations with clients shall be kept private.
Competence: Adviser shall strive to maintain a high level of knowledge and ability. Adviser
shall attain continuing education at least at the minimum level required for NAPFA membership.
Adviser shall not provide advice in areas where they are not capable.
Fairness & Suitability: Dealings and recommendation with clients will always be in the client's
best interests. Adviser puts their clients first.
Integrity & Honesty: Adviser will endeavor to always take the high road and to be ever mindful
of the potential for misunderstanding that can accrue in normal human interactions. Adviser will
be diligent to keep actions and reactions so far above board that a thinking client, or other
professional, would not doubt intentions. In all actions, Adviser should be mindful that in
addition to serving our clients, we are about the business of building a profession and our actions
should reflect this.
Regulatory Compliance: Adviser will strive to maintain conformity with legal regulations.
Full Disclosure: Adviser shall fully describe method of compensation and potential conflicts of
interest to clients and also specify the total cost of investments.
Professionalism: Adviser shall conduct itself honorably all times. Adviser strives for integrity,
honest treatment of clients, and treating people with respect.
This code is available upon request to prospects and clients.
Adviser does not manage assets or sell insurance, hence, does not take positions adverse or in
conflict to Client’s interests.
Item 12 – Brokerage Practices
Not Applicable
Item 13 – Review of Accounts
Adviser reviews plans when requested by Client. Adviser does not review accounts because
Adviser does not advise on portfolios or assets.
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Item 14 – Client Referrals and Other Compensation
Adviser neither gives nor receives compensation for referrals. Adviser does not use solicitors.
Item 15 – Custody
Adviser does not have custody of any Client assets at any time.
Item 16 – Investment Discretion
Not applicable.
Item 17 – Voting Client Securities
Not applicable.
Item 18 – Financial Information
Registered investment advisers are required in this Item to provide you with certain financial
information or disclosures about Erickson Financial Solutions, LLC’s financial condition.
Erickson Financial Solutions, LLC has no financial commitment that impairs its ability to meet
contractual and fiduciary commitments to clients, and has not been the subject of a bankruptcy
proceeding.
Item 19 – Requirements for State-Registered Advisers
Registered investment advisers are required in this Item to provide you material information not
provide above. All material information is disclosed.
Background of Steven S. Erickson: Born December 5, 1956; Graduated Wake Forest University,
BA, 1979; Webster University, MBA and CRM, 1990; University of MO, Law School, JD 1993;
Certified Financial Planner, 2006; Accredited Wealth Management Advisor, 2006. Recent
business background: Co-owner, Fee-Only Investment Advisors, LLC 1996 to 2007, 100%
owner 2007 to present and owner of Erickson Financial Solutions, LLC, 2004 to present.
Steven S. Erickson owns 100% of Erickson Financial Solutions, LLC, and 100% of Fee-Only
Investment Advisors, LLC. Both are registered investment advisors solely registered under the
State of Missouri jurisdiction. Client is offered the services of the more convenient firm. No fee
sharing or referral fee.
Advisor and Steven Erickson participate in no other businesses.
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