Financial Planning Agreement

Please fill out, sign, and submit this form to make our financial planning relationship official.

This agreement was created by Ward Williams, a Registered Investment Advisor in Washington state doing business as Better Tomorrow Financial, a trade name of Long Habit LLC, which is solely owned by Ward.

Contact us at info@bettertomorrowfinancial.com, or 253-655-7627.

This contract ("Agreement") is entered into between Better Tomorrow Financial ("BTF/Advisor/We/Us/I/Me") and ...
... ("Client/You".) Your Advisor shall prepare and help you execute a financial plan to identify and achieve your financial goals.

Topics that we will cover together may include:

* Investment recommendations (including minimizing fees & taxes)
* Banking and how to automate and simplify your financial life
* Spending and saving optimization
* Employer benefits checkup and recommendations: 401k, health insurance, other employer benefits
* Debt payoff and management
* Insurance overview (auto, home, renter's, life, umbrella.)
* Retirement planning / early retirement
* Self-employment
* Education savings
* Home-buying / refinancing (if applicable)
* Estate planning
* Special topics particular to your situation

We will gather all the relevant information on your goals, age, tax status, income, assets & debts, current financial and life situation, career, family, your investment objectives, investment time horizons, investment experience, cash flow needs, and risk tolerance.

BTF will have no discretionary or non-discretionary trading authority (the ability to buy and sell investments on your behalf) over your accounts. Instead, you will keep your money in your own account(s) and we will instruct you on what to do and how to do it.

Fees

Our fee is $2,980 for 1:1 financial planning. An electronic invoice will be emailed to you. You can pay by mailing a check made out to Better Tomorrow Financial and sent to 12526 Dayton Ave N, Seattle, WA 98133, or (preferred) by electronic bill payment to the bank account and routing number sent in Your invoice.

Full payment is due at the beginning of Our first official session (post-Agreement signing), or three (3) days after invoice receipt, whichever is later. Your Advisor may arrange a different due date with You if needed.
Enter the fee Your Advisor told You You would be paying if different from above.

Client and Advisor Responsibilities

You promise to make a good-faith effort to gather all the data requested by Us. You further promise to attend-- either by video call or another meeting place within a few miles of You and Me-- an estimated 12 - 18 hours of working meeting sessions-- usually 2-3 hours apiece-- with your Advisor over the course of the next 3 months or so. You will take action on completing the items that we identify and jointly agree should be carried out for your financial well-being.

We promise to use our expertise to choose appropriate investments for You, identify areas of opportunity to help You achieve Your financial goals, help You open financial accounts or make changes in existing ones, and perform financial calculations for You.

As an investment adviser registered under the Securities Act of Washington and other applicable federal and state securities laws, We owe You a fiduciary duty to put Your interests first. This duty includes, but is not limited to, a duty of care, loyalty, obedience, and utmost good faith.

Other Important Information

Incentives & compensation: Better Tomorrow Financial is a fee-only advisor and therefore receives no compensation in the course of its investment advisory business from any source except Our clients.

We do not charge investment management fees: We differ from many advisory practices in that We do not charge any percentage of ‘assets under management’ to manage Your investments. Instead, We help You select Your investments, but guide You to implement the choices We decide on. This avoids locking You into Our investment services and will save the typical client thousands of dollars per year in investing fees. We think this is a more ethical and financially beneficial advisory model for You.

Fee calculation: For Our standard package We charge a flat financial planning fee of $2,980, but this could vary based on Your needs and circumstances. All of Our flat fees are roughly proportional to Our hourly rate of $250/hour multiplied by the minimum number of hours We expect to spend in meetings with You. If You are comparing Our fees to what other advisors might charge, factor in the fact that You won’t pay 1% of Your assets in fees every year with us.

For billing purposes, We count a ‘person’ as a financial unit, so committed/married couples with shared finances are counted as one ‘person’ and are encouraged to attend sessions together if they would like to.

Refunds and Early Termination: If you cancel in writing within five (5) days of signing this agreement, you are entitled to a full refund under the law. If you want to cancel after that but we have already started Our sessions together, you will owe Us an amount equal to Our hourly rate multiplied by the number of hours we have already spent in meetings together. For example, if we had one meeting for 2 hours and afterward you told us in writing that you decided to cancel this contract, You would owe $250 * 2 = $500 and receive a refund for any excess amount you had paid Us.

Complete confidentiality: All information furnished by You to Us shall be treated as confidential and not disclosed to third parties except as agreed upon or required by law. Our Privacy Statement can be found online at https://docs.google.com/document/d/1aDRUf-0nE0O4oX4xBbn7qwhYH8S_11jz5UtxBkqnw4o/

Legal Bits

We aren't Lawyers or Accountants: We are not qualified to and will not render any legal advice nor prepare any legal documents for the implementation of Your financial plan. You agree that You or Your personal attorney shall be solely responsible for: (i) all legal advice; (ii) all legal opinions and determinations; and (iii) all legal documents. Similarly, Your tax attorney, software, or accountant should be relied upon for Your primary source of tax advice, tax opinions and determinations, and tax-related documents.

Data Storage and Documentation: All foreseeable documents, invoices, financial plans, meeting logistics, and recommendations will be handled electronically (email, Google Office, Google Meet, to name a few tools we'll use to gather and share information.)

Severability: Any provision of this Contract which is prohibited or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof.

Miscellaneous: Advisor is not responsible for the independent acts, omissions, or insolvency of any agent, broker, or independent contractor selected to perform any action on behalf of Client. This disclosure document represents the complete Contract of the parties with regard to the subject matter and supersedes any prior understanding, agreements, or contracts, oral or written.

Assignment: The Adviser will make no direct or indirect assignment or transfer of the contract without the written consent of the client.

Governing Law: The investment advisory services performed by Us shall be in compliance with applicable state and federal laws regulating the services provided under this Agreement. This Agreement will be construed on the laws of the State of Washington. For clients residing in Washington, this advisory contract shall not waive or limit compliance with, or require indemnification for any violations of, any provision of the Securities Act of Washington, chapter 21.20 RCW, or the rules adopted thereunder.

Arbitration: This arbitration clause may not be enforceable in all jurisdictions.

To the extent not inconsistent with applicable law, at the sole and exclusive option of Advisor, any controversy or claim arising out of this Contract, or any breach thereof, or arising out of the services provided by Advisor and its employees hereunder, shall be settled by arbitration in accordance with the Commercial Rules of the American Arbitration Association, before one arbitrator in Seattle, Washington, or within 20 miles of Advisor's place of business, and judgment upon the award rendered by the arbitrator shall be final and may be entered in any court having jurisdiction. No punitive or non-compensatory damages shall be awarded. If any provision of this Contract is held by any court or in any arbitration to be invalid, void, or unenforceable, the remaining provisions shall nevertheless continue in full force and effect.

Required Disclosures: We are an investment advisor registered with the State of Washington. We have delivered to You information providing disclosures regarding Our background and business practices in Form ADV, Part 2, which You acknowledge receipt of here: https://tinyurl.com/btf-adv-part-2. Our place of business is in Seattle, Washington.

Client agrees that Advisor, or any third party providing services to Advisor, bears no responsibility for any loss or damage caused by force majeure circumstances. Nothing in this Agreement may be interpreted to limit or modify the investment adviser’s fiduciary duties to its clients and nothing in this Agreement shall be deemed a waiver of any right or remedy that a client may have under federal or state securities laws. Federal and state securities laws impose liabilities under certain circumstances on persons who act in good faith.

Force Majeure circumstances: Force majeure circumstances are extraordinary events or those beyond Advisor’s control that include (but are not limited to): Acts of God (including fire, flood, earthquake, storm, hurricane or other natural disaster), disease epidemic outbreak, war, invasion, act of foreign enemies, hostilities (regardless of whether war is declared), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, terrorist activities, nationalization, government sanction, blockage, embargo, labor dispute, strike, civil disorder, actions of government, market closures and fluctuations (financial, real asset or other markets), economic recessions and depressions, corporate and other organizational bankruptcies, lockout or interruption or failure of electricity, internet or telephone service.

THE UNDERSIGNED HAS/HAVE READ THIS ENTIRE DOCUMENT AND THE UNDERSIGNED AGREE(S) TO ALL THE TERMS AND CONDITIONS HEREIN, AND ACKNOWLEDGE(S) RECEIPT OF A COPY OF THIS CONTRACT.

AGREED AND ACCEPTED: