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Office One

196 Main Street

Matawan, NJ 07747

July Mailing Notice

July 21, 2020

I hope you and your family are healthy and safe and are enjoying the summer. Please know how much I care and am here for you/them during what continues to be a financially uncertain time for many.

I’m reaching out today to provide you an advanced notice about a mailing you’ll be receiving from our financial services partner, Avantax Wealth ManagementSM, in July 2020. On June 5, 2019, the U.S. Securities and Exchange Commission (“SEC”) adopted Regulation Best Interest (“Reg. BI”) under the Securities Exchange Act of 1934, which has a compliance date of June 30, 2020. As part of this rule making package, the SEC also adopted rules that require broker-dealers and investment advisers to deliver a customer relationship summary to retail investors that discloses certain information about their firms.

The mailing will contain a disclosure document, referred to as “Form CRS,” which includes important information about Avantax’s services, products, fees/costs, conflicts of interest and disciplinary information. This information is intended to help you make well-informed choices and comparisons about the firm’s various products and services and its financial services professionals. You are not required to sign or return the Form CRS, but we encourage you to review it and ask any questions you may have.

For customers with brokerage accounts, you can expect to see the Form CRS in connection with your second-quarter statement that will be available early July 2020; if you receive electronic statements you will also receive an email notification referencing the Form CRS around the same time. For customers with accounts held directly with a fund company or product sponsor, you will receive the Form CRS through the mail along with the Avantax Privacy Policy. In our next review or meeting, I plan to explain in detail what the Form CRS means in your specific situation. Should you have any questions sooner than that, please reach out to me anytime.


Thank you again for the trust and confidence you place in me and my team.