Faith Financial Advisors, Inc
Item 1
FORM ADV PART 2B
BROCHURE SUPPLEMENT
Sandra Faith Hall, CKA®, LUTCF
Faith Financial Advisors, Inc.
6281 Tri-Ridge Boulevard, Suite 130
Loveland, OH 45140-8320
P: 513-644-3238
January 2019
This brochure supplement provides information about Sandra Faith Hall that supplements the Faith Financial Advisors, Inc. brochure. You should have received a copy of that brochure. Please contact Sandra Faith Hall at 513-644-3238 or sandrafh@ if you did not receive Faith Financial Advisors, Inc.’s brochure or if you have any questions about the contents of this supplement.
Additional information about Sandra Faith Hall is available on the SEC’s website at adviserinfo..
Sandra Faith Hall, CKA®, LUTCF
Item 2 - Educational Background and Business Experience
Year of Birth: 1958
Education:
|Name of School |Years Attended |Year Graduated |Degree |Major |
|University of Cincinnati |1976 to 1986 |1986 |BA |Communication, Arts |
Business Background:
|Name of Employer |Type of Business |Title |Period of Employment |
|Faith Financial Advisors, Inc. |Investment Adviser, Insurance |President, Advisory Representative, |5/2013 to Present |
| |Agency |insurance agent | |
|Royal Alliance Associates, Inc. |Broker/Dealer |Registered Representative |08/2004 to Present |
|Faith Financial Freedom |Business Services |President |10/2009 to Present |
|JMS Realty, LLC |Real Estate |Member |04/2007 to 12/2018 |
|Financial Network Group, Ltd |Investment Adviser |Advisory Representative |07/2004 to 09/2013 |
|Faith Financial Advisors, LLC |Insurance Services |Insurance Agent |01/2008 to 07/2013 |
Certified Kingdom Advisor® designation
The following is an outline of the initial qualification requirements and ongoing annual qualification requirements for the Certified Kingdom Advisor™ (CKA®) designation.
Initial Qualification Requirements
I. Must either hold one of the following industry approved designations: CFP®, ChFC®, CPA, CPA/PFS, EA, CFA, CIMA®, AAMS, CLU®, JD or hold 10 years of experience in the discipline in which applying for the Certified Kingdom Advisor® designation. These disciplines include insurance, investments, accounting, law, and financial planning.
II. Statement of Faith: 1) Signed Statement of Faith and 2) Personal testimony of conversion to Christ
III. Ethics and Integrity: 1) Signed Code of Ethics and 2) Letters of Reference from pastor or member of pastoral staff including signed statement of church involvement and two client references
IV. Personal Practice of Financial Biblical Stewardship: Practice of Biblical stewardship in personal life including signed statement on Personal Practice of Financial Biblical Stewardship and written Definition of Stewardship
V. Application of Biblical Wisdom in Counsel: 1) Educational Requirements - Complete the Kingdom Advisors Core Training and complete the exam following each module with a minimum score of 80%; 2) Leadership Requirements - Current and active member of Kingdom Advisors in good standing; and 3) Core Beliefs - Review the list of core beliefs and indicate agreement with Kingdom Advisors’ Core Beliefs in each area or attach personal belief
VI. Technical Competence: Professional Requirements -
Applicants must complete the Kingdom Advisors core training and complete an open book final certification exam. To maintain the designation, designation holders must complete 10 hours of Kingdom Advisors continuing education credits per year.
LUTCF (Life Underwriter Training Council Fellow)
The LUTCF educational program includes required ethical training and five elective courses chosen from such topics as meeting client needs, serving personal markets, essentials of business insurance, annuities, long-term care, life insurance products, and retirement, investment, and estate planning. An LUTCF has studied the fundamental skills required for an insurance agent and must adhere to an ongoing ethical standard when serving clients. The designation is offered by The American College, a non-profit educator with an 83-year heritage and the highest level of accreditation, in association with the National Association of Insurance and Financial Advisors (NAIFA).
Item 3 - Disciplinary Information
Sandra Faith Hall is not subject to legal or disciplinary events that are material to a client or prospective client’s evaluation of her or the services offered by her.
Item 4 - Other Business Activities
Sandra Faith Hall is dually registered as an advisory representative of Faith Financial Advisors, Inc. (“FFA”) and as a registered representative of Royal Alliance Associates, Inc., a registered broker/dealer, member of the Financial Industry Regulatory Authority and SIPC. Clients are under no obligation to purchase or sell securities through Sandra Faith Hall. Royal Alliance Associates, Inc. and FFA are not affiliated. Sandra is an independent contractor of Royal Alliance Associates, Inc.
Sandra recommends clients implement recommendations through Royal Alliance Associates, Inc. If clients implement investment recommendations through Royal Alliance Associates, Inc. on a non-fee basis, Sandra will receive a commission. Additionally, as further disclosed in the Disclosure Brochure under the section entitled Fees and Compensation, Sandra will receive trail compensation for investments directed through Royal Alliance Associates, Inc. Therefore, there is a conflict of interest to cause a client to direct certain securities business through Royal Alliance Associates, Inc. As such, she has an incentive to sell you commissionable products in addition to providing you with advisory services when such commissionable products are not be suitable. Alternatively, she has an incentive to forego providing you with advisory services when appropriate, and instead recommend the purchase of commissionable investments, if she deems that the payout for recommending the purchase of these investments would be higher than providing management advice on these products for an advisory fee. Therefore, a conflict of interest exists between her interests and your best interests.
Additionally, Sandra is a licensed insurance agent. You are not obligated to purchase insurance or securities products through Sandra. However, if you implement insurance recommendations through her, she will receive commissions. The insurance business is a minority of her business and the amount of income she receives from insurance business fluctuates depending on the amount of sales. You are advised there may be other insurance products and services available through other insurance professionals at a lower cost than those products available through Sandra.
It is important clients refer to the disclosures under Brokerage Practices in the Disclosure Brochure.
Sandra allocates her time to other activities approximately as follows:
Royal Alliance Associates, Inc. 20%
Insurance 10%
Sandra is not actively engaged in any other investment-related business or occupation. Further, she is not actively engaged in any other business or occupation for compensation. “Actively engaged” is deemed to mean the business activity represents more than 10 percent of her time and income.
Item 5 - Additional Compensation
Royal Alliance has provided Sandra funding in the form of a three (3) year forgivable retention based loan ending 12/31/2019 as incentive to continue our relationship with Royal Alliance. The loan established a schedule of annual bonus payments based upon continued affiliation with Royal Alliance and best efforts at maintaining assets and accounts at the firm. At the end of each calendar year, Sandra will be credited with a bonus equivalent to the principal and interest owing at that time pursuant to the Promissory Note. This is a conflict of interest for Sandra to maintain a relationship with Royal Alliance rather than serving our clients’ best interest to move to another broker/dealer that is more suitable, lower cost, and/or offer services that better serve you. The costs to a client to maintain accounts through Royal Alliance may be higher or lower than other broker/dealers. To mitigate this conflict of interest, we are providing you with this disclosure.
The amount of commissions paid by Royal Alliance Associates, Inc. to Sandra can fluctuate based on her overall production. Therefore, the more business placed by Sandra through Royal Alliance Associates, Inc. can enable Sandra to reach another threshold enabling her to earn a higher payout.
Additionally, Royal Alliance Associates, Inc. and AssetMark offer incentives to attend certain conferences based on achieving production thresholds. There is no requirement to sell a certain product or amount of a specific product. Qualification for trips and conferences is based on overall production and meeting the production levels determined by Royal Alliance Associates, Inc. and/or AssetMark. If the thresholds are satisfied, Royal Alliance Associates, Inc. and/or AssetMark can cover certain travel and conference costs.
Item 6 - Supervision
Supervision and oversight of the activities conducted through FFA is conducted by Sandra Faith Hall, President of FFA. Sandra Faith Hall can be contacted at 513-644-3238. Sandra Faith Hall oversees the management activities under FFA. Sandra Faith Hall has procedures in place to be aware of any outside business activities engaged in by Sandra, oversee communications with the public, and review personal trading activities of Sandra as well as in any account over which Sandra has a direct or indirect beneficial interest.
As a registered representative of Royal Alliance Associates, Inc., Sandra is subject to oversight by Royal Alliance Associates, Inc. over all her securities activities and certain outside business activities. Such oversight includes review of Sandra’s securities business to ensure she appears to be conducting suitable transactions.
Because Sandra is a dually registered agent of Royal Alliance Associates, Inc. and FFA, Royal Alliance Associates, Inc. have certain supervisory and administrative duties pursuant to the requirements of Conduct Rule 3040. In that regard, Royal Alliance Associates, Inc. will require and furnish certain account opening documentation to be completed by the client and Sandra. Once all such materials and forms have been completed by clients in consultation with Sandra, Sandra is required to submit these materials and forms to Royal Alliance Associates, Inc. for its review and approval, in its capacity as Sandra’s Broker/Dealer. Such review does not include the provision of investment advisory services to the FFA’s client accounts.
Item 7 - Requirements for State-Registered Advisers
Sandra Faith Hall has not been involved in any arbitration claim or civil, self-regulatory organization, or administrative proceeding involving an investment or investment-related business or activity, fraud, false statement(s), or omissions, theft, embezzlement, or other wrongful taking of property, bribery, forgery, counterfeiting, or extortion, or dishonest, unfair, or unethical practices. Additionally, she has not been the subject of a bankruptcy petition.
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