Field Notice 2021-12
Effective April 30, 2021, ESI Financial Advisors (“EFA” or “the Firm”) updated its Form ADV Part 2A (ES0408) disclosure brochure (“Brochure”) to reflect Schwab’s acquisition of the TD Ameritrade Retirement Plan Platform.
The Brochure describes the various products and services offered by EFA, and provides required disclosure of fees, disciplinary events, and conflicts of interest. Note that delivery of a brochure is not required for accounts on which EFA acts in a solicitor’s capacity.
The updated version of this brochure is available on the ESI Illuminations website and through the NLG website, via MerrillConnect. Please destroy and discontinue use of any previous versions of this disclosure document, and only use the current version.
SUMMARY OF CHANGES
The ADV Part 2A (Item 5) has been updated to reflect Schwab’s acquisition of TD Ameritrade and the TD Ameritrade Retirement Plan Platform, which is now known as Schwab Retirement Advisor Services (“SRAS”).
DELIVERY REQUIREMENTS
ADV Part 2A
The Form ADV 2A must be delivered to all advisory clients at or before the time of entering into an investment advisory agreement. This includes clients with accounts in one or more of the following programs:
- ESI Illuminations
- EFA Financial Planning/Consulting Agreements
- American Funds Retirement Plan Platform
- AssetMark (adviser model)
- Morningstar
- Saratoga Advantage Trust
- Schwab Retirement Advisor Services
- SEI
ADV Part 2A-Appendix 1
The Form ADV 2A – Appendix 1 is specific to the Firm’s wrap program (i.e. ESI Directions) and must be delivered to all advisory clients with accounts in the ESI Directions program at or before the time of entering into an investment advisory agreement.
QUESTIONS
If you have any questions regarding the Form ADV 2A or Form ADV 2A-Appendix 1, please contact ESI Compliance at 800-344-7437.
TC120846(0521)1