Global Financial Planning Group, LLC

Transcription

1 DARRYL G. DUERBUSCH DAVID B. LESZCYNSKI LYNN M. VANCE Global Financial Planning Group, LLC 1301 W. Long Lake Road, Suite 100 Troy, MI Phone: (248) Fax: (248) /31/2013 FORM ADV PART 2B BROCHURE SUPPLEMENT This brochure supplement provides information about Darryl G. Duerbusch, David B. Leszcynski and Lynn M. Vance that supplements Global Financial Planning Group, LLC's brochure. You should have received a copy of that brochure. Please contact Darryl Duerbusch at (248) or via at darryl@gfpgroup.com if you did not receive Global Financial Planning Group, LLC's brochure or if you have any questions about the contents of this supplement. Additional information about Darryl G. Duerbusch, David B. Leszcynski and Lynn M. Vance is available on the SEC's website at 1

2 DARRYL G. DUERBUSCH Item 2 Educational Background and Business Experience Year of Birth: 1968 Formal Education: Certified Financial Planner, 2006 Oakland University, Personal Financial Planning Program, Certificate in Personal Financial Planning, 2006 University of Detroit, B.S., Sports Medicine/Biology, 1993 Business Background for the Previous Five Years: Global Financial Planning Group, LLC, Chief Compliance Officer, 09/2002 to Present LPL Financial, LLC, Registered Representative,09/2009 to Present Mutual Service Corporation Registered Representative, 03/2003 to 09/2009 Global Financial Planning, Inc., President, 02/2000 to Present Certifications: Certified Financial Planner (CFP ) The CERTIFIED FINANCIAL PLANNER, CFP and federally registered CFP (with flame design) marks (collectively, the "CFP marks") are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. ("CFP Board"). The CFP certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP certification in the United States. To attain the right to use the CFP marks, an individual must satisfactorily fulfill the following requirements: Education - Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board's studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor's Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board's financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning; Examination - Pass the comprehensive CFP Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one's ability to correctly diagnose financial planning issues and apply one's knowledge of financial planning to real world circumstances; Experience - Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and Ethics - Agree to be bound by CFP Board's Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP professionals. 2

3 Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP marks: Continuing Education - Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and Ethics - Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP professionals provide financial planning services at a fiduciary standard of care. This means CFP professionals must provide financial planning services in the best interests of their clients. CFP professionals who fail to comply with the above standards and requirements may be subject to CFP Board's enforcement process, which could result in suspension or permanent revocation of their CFP certification. Item 3 Disciplinary Information Darryl G. Duerbusch has no reportable disciplinary information. Item 4 Other Business Activities In his capacity as a Registered Representative of LPL Financial, LLC ("LPL"), Mr. Duerbusch receives commission-based compensation in connection with the purchase and sale of securities, including 12b-1 fees. This practice presents a conflict of interest because persons providing investment advice on behalf of our firm who are Registered Representatives have an incentive to effect securities transactions for the purpose of generating commissions rather than solely based on your needs. Mr. Duerbusch also earns commission-based compensation for selling insurance products. This practice presents a conflict of interest because persons providing investment advice on behalf of our firm who are insurance agents have an incentive to recommend insurance products to you for the purpose of generating commissions rather than solely based on your needs. Mr. Duerbusch spends approximately 35% of his time devoted to these Other Business Activities. Item 5 Additional Compensation Please refer to the Other Business Activities section above for disclosures on Mr. Duerbusch's receipt of additional compensation as a result of his activities as a Registered Representative of LPL Financial, LLC and a licensed insurance agent. Item 6 Supervision As Mr. Duerbusch is a Managing Member and Chief Compliance Officer of our firm he is not supervised by other persons. 3

4 Item 7 Requirements for State Registered Advisers Darryl Duerbusch does not have, or has ever had, any reportable arbitration claims, has not been found liable in a reportable civil, self-regulatory organization or administrative proceeding, and has not been the subject of a bankruptcy petition. 4

5 DAVID B. LESZCYNSKI Item 2 Educational Background and Business Experience Year of Birth: 1963 Formal Education: Oakland University, Financial Planning Program, Certificate in Personal Financial Planning, 2009Ferris State University, B.S.B.A., Business Administration, 1986 Business Background for the Previous Five Years: Global Financial Planning Group, LLC, Managing Member, 09/2002 to Present LPL Financial, LLC, Registered Representative, 09/2009 to Present Mutual Service Corporation, Registered Representative, 10/2002 to 09/2009 Global Financial Planning, Inc., Vice President, 02/2000 to Present Item 3 Disciplinary Information David B. Leszcynski has no reportable disciplinary information Item 4 Other Business Activities In his capacity as a Registered Representative of LPL Financial, LLC ("LPL"), Mr. Leszcynski receives commission-based compensation in connection with the purchase and sale of securities, including 12b-1 fees. This practice presents a conflict of interest because persons providing investment advice on behalf of our firm who are Registered Representatives have an incentive to effect securities transactions for the purpose of generating commissions rather than solely based on your needs. Mr. Leszcynski also earns commission-based compensation for selling insurance products. This practice presents a conflict of interest because persons providing investment advice on behalf of our firm who are insurance agents have an incentive to recommend insurance products to you for the purpose of generating commissions rather than solely based on your needs. Mr. Leszcynski spends approximately 35% of his time devoted to these Other Business Activities. Item 5 Additional Compensation Please refer to the Other Business Activities section above for disclosures on Mr. Brzezinski's receipt of additional compensation as a result of his activities as a Registered Representative of LPL Financial, LLC and a licensed insurance agent. Item 6 Supervision Darryl G. Duerbusch, Chief Compliance Officer, is responsible for supervising Mr. Brzezinski's advisory activities. As part of his supervisory responsibilities, Mr. Duerbusch periodically reviews accounts and communications with clients. Mr. Duerbusch can be reached at (248) or darryl@gfpgroup.com. 5

6 Item 7 Requirements for State Registered Advisers David Leszcynski does not have, or has ever had, any reportable arbitration claims, has not been found liable in a reportable civil, self-regulatory organization or administrative proceeding, and has not been the subject of a bankruptcy petition. 6

7 LYNN M. VANCE Item 2 Educational Background and Business Experience Year of Birth: 1952 Formal Education After High School: Certified Financial Planner, 1983 Western Michigan University, 1974, Bachelor of Arts Business Background Previous Five Years: Global Financial Planning Group, LLC, Senior Partner, Investment Adviser Representative, 01/ Present LPL Financial, LLC, Registered Representative, 09/2009 to Present Center for Financial Management One, LLC, Managing Member, 03/ /2010 Center for Financial Management, LLC, Member, 05/ /2002 Mutual Service Corporation, Registered Representative, 12/ /2009 Certifications: Certified Financial Planner (CFP ) The CERTIFIED FINANCIAL PLANNER, CFP and federally registered CFP (with flame design) marks (collectively, the "CFP marks") are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. ("CFP Board"). The CFP certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP certification in the United States. To attain the right to use the CFP marks, an individual must satisfactorily fulfill the following requirements: Education - Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board's studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor's Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board's financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning; Examination - Pass the comprehensive CFP Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one's ability to correctly diagnose financial planning issues and apply one's knowledge of financial planning to real world circumstances; Experience - Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and Ethics - Agree to be bound by CFP Board's Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP professionals. 7

8 Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP marks: Continuing Education - Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and Ethics - Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP professionals provide financial planning services at a fiduciary standard of care. This means CFP professionals must provide financial planning services in the best interests of their clients. CFP professionals who fail to comply with the above standards and requirements may be subject to CFP Board's enforcement process, which could result in suspension or permanent revocation of their CFP certification. Item 3 Disciplinary Information Lynn Vance has no reportable disciplinary information. Item 4 Other Business Activities In her capacity as a Registered Representative of LPL Financial, LLC ("LPL"), Ms. Vance receives commission-based compensation in connection with the purchase and sale of securities, including 12b-1 fees. This practice presents a conflict of interest because persons providing investment advice on behalf of our firm who are Registered Representatives have an incentive to effect securities transactions for the purpose of generating commissions rather than solely based on your needs. Ms. Vance also earns commission-based compensation for selling insurance products. This practice presents a conflict of interest because persons providing investment advice on behalf of our firm who are insurance agents have an incentive to recommend insurance products to you for the purpose of generating commissions rather than solely based on your needs. Ms. Vance is the principal of Center for Financial Management Educational Services, LLC which provides retirement planning workshops to corporate employees. In all cases the corporation sponsoring the workshops pays all fees. The fees charged by Center For financial Management Educational Services, LLC are separate and apart from the advisory fees charged by the Firm. Ms. Vance spends approximately 35% of her time devoted to these Other Business Activities. Item 5 Additional Compensation Please refer to the Other Business Activities section above for disclosures on Ms. Vance's receipt of additional compensation as a result of her activities as a Registered Representative of LPL Financial, LLC, licensed insurance agent and Principal of Center for Financial Management Educational Services, LLC. 8

9 Item 6 Supervision Darryl G. Duerbusch, Chief Compliance Officer, is responsible for supervising Ms. Vance's advisory activities. As part of his supervisory responsibilities, Mr. Duerbusch periodically reviews accounts and communications with clients. Mr. Duerbusch can be reached at (248) or darryl@gfpgroup.com. Item 7 Requirements for State Registered Advisers Lynn Vance does not have, or has ever had, any reportable arbitration claims, has not been found liable in a reportable civil, self-regulatory organization or administrative proceeding, and has not been the subject of a bankruptcy petition. 9