Financial Institution Services, LLC

Financial Institution Services, LLC provides investment advisory services to individuals (including high‑net‑worth clients), trusts, estates, charitable organizations, and corporate entities, offering discretionary and, in some cases, non‑discretionary asset management and tailored portfolio construction. The firm also provides retirement-account rollover recommendations and states it acts as a fiduciary when advising on retirement accounts, managing roughly $258.7 million in discretionary client assets across about 332 client relationships with two investment advisors.

The adviser develops asset-allocation strategies based on clients’ objectives, risk tolerance, tax status and time horizon, implementing portfolios that may include mutual funds, individual equities, bonds, ETFs, warrants, and direct participation interests. Portfolios are monitored at least quarterly and the firm uses fundamental and cyclical analysis, strategic asset allocation, and both long‑ and short‑term trading approaches; it charges percentage‑of‑AUM fees and excludes certain illiquid holdings (for example partnerships, illiquid REITs, CDs) from assets under management calculations.

Distinctive operational features disclosed in the brochure include a substantial AUM relative to the two‑advisor staffing level and a requirement that clients use the firm’s recommended custodian (Fidelity) to participate in its advisory program, which limits directed brokerage options. The brochure also discloses potential conflicts of interest tied to advisory personnel who were formerly insurance agents and continue to receive trail commissions on legacy insurance products, as well as occasional non‑cash benefits (e.g., due diligence trips), and states the firm does not vote client proxies.