Kevin M. Young Financial, Inc. dbakevinyou/... · • California Lutheran University, Masters Business Administration, emphasis in Financial . Planning . Business Background • Young

KEVIN M. YOUNG FINANCIAL, INC. DBA YOUNG WEALTH MANAGEMENT

Form ADV Part 2A – Firm Brochure

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Item 1 - Cover Page

Kevin M. Young Financial, Inc. dba

502 Mace Blvd., Suite #5 Davis, CA 95618

Contact Information

Kevin M. Young MBA, EA, CFP®, President Phone: (530) 231-5152 (Davis)

Phone: (916) 418-0375 (Sacramento) Email: [email protected]

Website: http://www.YoungWealthManagement.com

Date: March 23rd, 2020 This Brochure provides information about the qualifications and business practices of Kevin M. Young Financial, Inc. dba Young Wealth Management. If you have any questions about the contents of this Brochure, please contact us at the phone or email listed above. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Young Wealth Management is a State of California Registered Investment Adviser. Registration of an investment advisor does not imply any level of skill or training. The oral and written communications of an advisor provides you with information about which you determine to hire or retain an advisor. Additional information about Young Wealth Management is available on the SEC’s website at www.adviserinfo.sec.gov.



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Item 2 - Material Changes The date of our previous update to our Brochure was March 29th, 2019. Since the date of our last annual update we have made the following material changes:

Item 4: Advisory Services Our open-ended Asset Management and Financial Planning services will be available to new clients only under an Assets Under Management model. The option to retain our services under a Fixed Annual Fee model will no longer be offered to new clients. We will also offer a Financial Project Retainer option for clients who prefer services that include comprehensive financial planning, but in a more concentrated fashion, and don’t include ongoing asset management.

In this Summary of Material Changes, we discuss only the material changes since the last annual update of this Brochure. Pursuant to SEC Rules, we will ensure that you receive a summary of any materials changes to this and subsequent Brochures within 120 days of the close of our business’ fiscal year. We may further provide other ongoing disclosure information about material changes as necessary. We will further provide you with a new Brochure as necessary based on changes or new information, at any time. Currently, our Brochure may be requested by contacting Kevin M. Young MBA, EA CFP®, President and owner, at (530) 231-5152 or [email protected]. Additional information about Young Wealth Management is available via the SEC’s web site www.adviserinfo.sec.gov. The SEC’s web site also provides information about any persons affiliated with Young Wealth Management who are registered as Investment Adviser Representatives.



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Item 3 ‐ Table of Contents Item 1 ‐ Cover Page ............................................................................................................................................ i

Item 2 ‐ Material Changes ................................................................................................................................ ii

Item 3 ‐ Table of Contents .............................................................................................................................. iii

Item 4 – Advisory Business .............................................................................................................................. 1

Item 5 – Fees and Compensation .................................................................................................................... 4

Item 6 – Performance‐Based Fees and Side‐By‐Side Management ........................................................... 6

Item 7 – Types of Clients ................................................................................................................................. 6

Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ................................................... 7

Item 9 – Disciplinary Information .................................................................................................................. 7

Item 10 – Other Financial Industry Activities and Affiliations .................................................................. 7

Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ...... 8

Item 12 – Brokerage Practices ......................................................................................................................... 9

Item 13 ‐ Review of Accounts ....................................................................................................................... 10

Item 14 ‐ Client Referrals and Other Compensation ................................................................................. 10

Item 15 ‐ Custody ............................................................................................................................................ 10

Item 16 ‐ Investment Discretion ................................................................................................................... 10

Item 17 – Voting Client Securities ................................................................................................................ 11

Item 18 – Financial Information ................................................................................................................... 11

Item 19 – Requirements for State‐Registered Advisors ............................................................................. 11



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Item 4 – Advisory Business Firm Description Young Wealth Management (alternatively “Advisor” “us” and “we”) is a fee-only comprehensive financial planning firm that specializes in providing financial planning and investment advisory services to individuals, families, trusts, estates, and small businesses. Kevin M. Young, MBA, EA, CFP® is the President and owner of Kevin M. Young Financial, Inc, dba Young Wealth management. The firm was established in 2007 as a sole proprietor, and incorporated under the laws of California in 2010. We offer a wide range of financial services. Specifically, Young Wealth Management distinguishes itself from traditional investment advisory firms by serving as a trusted guide for providing clients a means to identify their personal financial objectives, find solutions to their financial problem areas, design and simplify their cash flow, perform tax planning as well as individual tax preparation, advising on financial risk and investment allocations, retirement planning, pension consulting, education planning, insurance and estate planning. All services are tailored to each client’s unique objectives. Young Wealth Management does not sell insurance or investment products such as annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products. We are not affiliated with any entities that sell financial products or securities. No commissions in any form are accepted. We do not pay referral or finder’s fees, nor do we accept such fees from other firms. Our role is to make investment and planning recommendations, and generally execute recommendations. We do not act as a custodian of client assets. Clients always maintain asset control, through an independent custodian that holds the assets, and directly provides clients with regular statements. When we are responsible for executing trades for clients, we do this under a limited power of attorney executed by a client with a third party independent custodian. Depending on the services selected by the clients, recommendations may take a variety of forms including financial statements, written evaluations, personal meetings, etc. Other third-party professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by clients on an as-needed basis. Any conflicts of interest will be disclosed to a client in the unlikely event they should occur. The initial meeting is free of charge and is considered an exploratory interview to determine the extent to which financial planning investment management may be beneficial to the client, the most appropriate services, and to estimate the cost for the service. For clients charged an Assets Under Management fee, we will accept a limited power of attorney “LPOA” to execute trades on client’s behalf. All trades will be made on a discretionary basis, meaning we are not required to obtain a client’s approval for each specific transaction prior to executing investment recommendations, including the selection and retention of sub-advisors to the account. Young Wealth Management will always act in accordance with each client’s objectives and suitability, regardless of whether or not we are managing client assets on a discretionary basis.



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Young Wealth Management enters into an agreement with each client that details the scope of the relationship and responsibilities of both our firm and the client. Advice and services provided under the agreement are tailored to the stated objectives of the client. Advisory Services We provide the following types of services:

1. Asset Management and Financial Planning. An Asset Under Management (AUM) Agreement provides both ongoing holistic/comprehensive financial planning and asset management.

2. Financial Planning Projects. 3. Pension Consulting.

1. Asset Management and Financial Planning: Asset Under Management (AUM) Agreements are most suitable for clients with $350,000 or greater of assets to manage. Compensation to the Advisor for financial planning services will include a one-time flat fee in addition to the quarterly management fees. This fee covers the Advisor’s time for the initial review and planning in preparation for managing investments for the client on an ongoing basis. In addition to the one-time flat fee, the client will pay the Advisor a quarterly Investment Management Fee. This Fee shall be paid directly to Advisor from client’s account by the custodian, or, alternatively, the client may request to be billed quarterly. The goals and objectives of each client are retrieved and documented. Recommendations provided are uniquely individual to the client and their current situation. Detailed investment advice and specific recommendations are provided as part of this process. Implementation of the recommendations is always at the discretion of the client. During the Initial Year there are typically 2-4 meetings covering client-relevant topics. More than one topic may be covered in one meeting. If requested, the number of meetings can be reduced by combining several topics into one longer appointment. Meetings will be held face-to-face, via secure computer links, and/or by telephone. Implementation services are provided as needed. Initial Year topics include:

Investment strategies and selection Portfolio / Net Worth Analysis Insurance / Risk Management Estate Planning Retirement Planning

Additional topics may include:

Asset allocation strategies Budgeting and cash flow Education planning Employee benefit analysis Goal setting Inventory of assets

Real estate (primary or investment) Record-keeping Small business planning Tax planning Other financial planning or financial

services as requested by the client



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In Non-Initial Years there are typically 1-2 meetings, depending on client needs. Topics may cover the full spectrum, but will usually be grouped into meetings to cover at least:

Investment strategy review & update Portfolio rebalancing Portfolio/net worth update Retirement projection

Tax planning Other financial planning or financial

services as requested by the client

Other Initial Year topics are reviewed every few years, or as needed. 2. Financial Planning Projects: If ongoing asset management is not desired or practical, a one-time Financial Planning (FP) Project service is also offered. FP Projects cover the same Initial Year topics (covered in the first year of AUM clients) but in a more concentrated fashion over a shorter time period of only three months or six months. For the FP Project, the Advisor will gather and analyze the client’s financial documents and statements, including a questionnaire completed by the client. We will also spend time asking the client about their current financial status, financial goals, future life goals, investment experience, attitudes towards risk, and other relevant areas. Using this information, we will develop a written report that will outline our analysis and recommendations. FP Projects will begin when the contract is signed and will be completed within a period of three months or six months, depending on the complexity of the plan. Should a client choose to implement the recommendations contained in the plan, we suggest the client work closely with his/her attorney, accountant, insurance agent, and/or investment advisor. Implementation of recommendations is entirely at the client’s discretion. No investment management services are offered as part of the FP Project.

If a client wishes to work with us to implement our recommendation, the client can upgrade to an Open Ended agreement. They may receive credit toward Asset Under Management fees for all amounts paid under FP Project agreements for the past six months. 3.Pension Consulting Services: We provide pension consulting services to employee benefit plans, the plan sponsors and fiduciaries (collectively, the “Sponsor”) based upon an analysis of the needs of the plan. In general, the services may include an existing plan review and recommendations for alternative or improvements, assistance of the Sponsor with the development of an investment policy statement, recommendations to the Sponsor regarding in fund selection and investment options to be offered to plan participants, investment performance monitoring, ongoing consulting on topics that may be mutually agreed upon. We may also provide the plan with multiple diversified model assets allocation investment portfolios (“Model Portfolios”) constructed from the investment options made available to the plan by the Sponsor. Personalized investment advice will not be provided to plan participants regarding their plan assets. However, plan participants who wish to engage us for individualized financial planning or consulting services regarding other assets outside the scope of the qualified plan may do so by executing a separate written agreement, including separate fees and fee payment arrangements, with us.



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Sub-Advisory Services We also provide sub-advisory asset management services to clients of a non-affiliated registered investment advisory firm. Assets Under Management We manage approximately $80,000,000 of client assets on a discretionary basis. This amount was calculated as of February 1, 2020. Item 5 – Fees and Compensation Fees and Fee Billing The specific manner in which fees are charged by Young Wealth Management is established in a client’s written agreement with us. Assets Under Management Clients: We base our investment portfolio management fee on a percentage of the client’s assets under management. Clients fees are payable quarterly in arrears. Quarterly payments will be billed at the beginning of each quarter (January, April, July and October) for the balance on the last day of the previous quarter. Fees will be assessed pro rata in the event the agreement is executed at any time other than the first day of a billing period. We will directly debit fees from client’s investment accounts or, alternatively, the client may request to be billed quarterly.

The ANNUAL PERCENTAGE BASED FEE structure is as follows: $0 to $750,000 1.00% $750,001 to $2,000,000 0.85% $2,000,001 to $4,000,000 0.70% For managed assets above $4 million 0.50%

Separate accounts owned by an individual, married couple or entity would be combined for purposes of applying the above fee schedule. Financial Planning Project Clients: Fees for Financial Planning (FP) Project clients are negotiated on an individual basis with each client. Factors used in determining the cost of a Comprehensive Financial Plan consider the complexity and nature of the client’s circumstances. We structure the financial plan using a fixed fee based on a calculation of hours required to perform the service, which typically totals $2,000-$5,000 for a comprehensive financial plan. The estimated fee is determined and quoted after the initial meeting. Once the fees for the engagement are agreed upon, 100% of the total amount will be paid at the signing of the agreement. During the engagement, if the Advisor discovers that the scope of the engagement needs to changed based on information that was not known prior to the signing of the FP Project Agreement, work on the current engagement will cease. A new FP Project Agreement outlining the updated scope of the engagement will be agreed upon by the Advisor and the client prior to continuing with the project.



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After delivery of the written and/or electronic Plan, a follow up meeting and or phone call or email is provided within one month to address any client questions and then the engagement is complete. Pension Consulting clients: The scope of the services, the fees, and the terms of the agreement for these services will be negotiated on a case-by-case basis with each Sponsor. Typically the fees will be in accordance with the following fee structure:

$0 to $5,000,000 0.50% $5,000,001 to $10,000,000 0.45% $10,000,001 to $25,000,000 0.40%

All fees are billed quarterly in arrears based on the market value of the assets on the last day of the previous quarter. Fees will be assessed pro rata in the event the pension consulting agreement is executed at any time other than the first day of a billing period. The terms regarding payment of fees, and termination will be clearly set forth in the agreement executed between Young Wealth Management and the Sponsor. We will not receive additional compensation beyond the consulting fees for its pension services. The pension consulting fees do not include other administrative or custodial fees. Sub-Advised Clients: The non-affiliated registered investment advisor firm must obtain Limited Power of Attorney (LPOA) authorization from their End Clients for us to manage their accounts and deduct fees from their accounts.



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General Fees and Compensation Notes Young Wealth Management is a fee-only financial advisory firm and does not sell investment or insurance products. Fees are generally not negotiable. Clients may terminate an engagement by providing written notice within five days of signing an agreement. Additionally, either party may terminate an agreement, without penalty, at any time upon 30 days written notice. Any prepaid but unearned fees will be promptly refunded to a terminating client. Any fees that have been earned but not yet paid by client will be due and payable to us. Whether fees have been earned or unearned will be determined at our sole discretion. In addition to our fee, clients may incur certain other fees, charges, and/or taxes which are necessary to implement our recommendations. Additional charges and fees will be imposed by custodians, brokers, third party investment and other third parties, such as fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes. Mutual funds and exchange traded funds also charge internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees, commissions, and taxes are exclusive of, and in addition to, our fee. Commissions charged by the discount broker we use, TD Ameritrade, are generally either $0 or $9.99 to buy/sell mutual funds and either $0 or $6.95 or $16.99 to buy/sell an ETF or stock. Some mutual funds have no transaction fees. Mutual funds may also charge short-term redemption fees in order to minimize active trading. This may be a fee of say 2% if you sell the fund within 60 days of purchase. Since we are not active traders, we are generally able to avoid these fees. All mutual funds have annual operating expenses called expense ratios. These expenses are used to pay the manager of the fund, their team, along with other administrative expenses. We strive to avoid using those funds that have high expense ratios. We also do not recommend mutual funds that have sales charges. Instead, we recommend clients utilize no- load mutual funds. Item 6 – Performance-Based Fees and Side-By-Side Management Advisor does not charge any performance-based fees (fees based on a share of capital gains on or capital appreciation of the assets of a client). Item 7 – Types of Clients We provide comprehensive financial planning and investment advisory services primarily to individuals, families, trusts, estates and small businesses. We strive to work with people from all different walks of life. As such, we maintain no minimum income, net-worth or asset requirements. As discussed above, your chosen relationship agreement and fee will be based upon your individual circumstances.



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Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss Methods of Analysis The main sources of information we rely upon when researching and analyzing securities will include traditional research materials such as financial newspapers and magazines, annual reports, prospectuses, filings with the SEC, as well as research materials prepared by others, company press releases and corporate rating services. We also subscribe to various professional publications deemed to be consistent with and supportive of our investment philosophy. Moreover, our approach to investment portfolio analysis and implementation is based on internal factors such as your tax situation, overall risk tolerance, current financial situation, and your personal goals and aspirations. After analyzing these parameters your portfolio will be structured around your individual needs, while minimizing negative effects of external factors, such as interest rates, market performance, and the economy as a whole. Investment Strategies In general, we recommend no-load mutual funds (i.e., mutual funds that have no sales fees), exchange traded funds, U.S. government securities, money market accounts, certificates of deposit, and individual bonds (corporate, agency and municipal). However, in the course of providing investment advice, we may address issues related to other types of assets that you may already own. Any other products that may be deemed appropriate for you, based upon your goals, needs and objectives, will be discussed. Risk of Loss Investing in securities involves risk of loss that clients should be prepared to bear. While we will use our best judgment and good faith efforts in rendering services to clients, not every investment decision or recommendation made by Young Wealth Management will be profitable. Accordingly, we cannot warrant or guarantee any particular level of account performance, or that an account will be profitable over time. Clients assume all market risk involved and understands that investment decisions are subject to various market, currency, economic, political and business risks. Item 9 – Disciplinary Information Registered Investment Advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of Young Wealth Management or the integrity of Young Wealth Management’s Owners. We have no information to disclose applicable to this Item. Item 10 – Other Financial Industry Activities and Affiliations Young Wealth Management principal, Kevin M. Young, MBA, EA, CFP®, is a member of the National Association of Personal Financial Advisors (NAPFA), which requires that its members are fee-only and obtain a minimum of 60 continuing education credits every two years.



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Kevin M. Young is also a member of the National Association of Enrolled Agents (NAEA), and the California Society of Enrolled Agents (CSEA).The NAEA and CSEA, both of which are nonprofit organizations, require members to complete 90 hours of continuing education every three years. EAs are licensed by the federal government to represent taxpayers before the Internal Revenue Service and assist with tax planning and the preparation of tax returns. In his professional capacity as an Enrolled Agent, Kevin M. Young, MBA, EA, CFP® only offers tax planning and tax preparation services to individuals and businesses who are also clients of his investment advisor firm, Young Wealth Management. Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Young Wealth Management seeks to avoid material conflicts of interest. Accordingly, nobody associated with us receives any third party direct monetary compensation (i.e., commissions, 12b-1 fees, or other fees) from brokerage firms (custodians) or mutual fund companies. Although we believe that its business methodologies, ethics rules, and adopted policies are appropriate to eliminate, or at least minimize, potential material conflicts of interest, and to appropriately manage any material conflicts of interest that may remain, clients should be aware that no set of rules can possibly anticipate or relieve all potential material conflicts of interest. In any event, we will disclose to clients any material conflict of interest relating to Young Wealth Management, its representatives, or any of its employees which could reasonably be expected to impair the rendering of unbiased and objective advice. Code of Ethics Young Wealth Management has adopted a Code of Ethics for all supervised persons of the firm describing its high standard of business conduct and fiduciary duty to its clients. The Code of Ethics includes provisions relating to the confidentiality of client information, a prohibition on insider trading, a prohibition of rumor mongering, restrictions on the acceptance of significant gifts and the reporting of certain gifts and business entertainment items, and personal securities trading procedures, among other things. All supervised persons of Young Wealth Management must acknowledge the terms of the Code of Ethics annually, or as amended. Additionally, we follow the standards set by the Certified Financial Planning Board, and the Fiduciary Oath promulgated by the National Association of Personal Financial Advisors. Participation or Interest in Client Transactions and Personal Trading Young Wealth Management, or individuals associated with Young Wealth Management may buy and sell some of the same securities for its own account that we buy and sell for our clients. When appropriate we will purchase or sell securities for clients before purchasing or selling the same securities for our own account. In some cases we may buy or sell securities for its own account for reasons not related to the strategies adopted by Young Wealth Management’s clients. The Code of Ethics is designed to assure that the personal securities transactions will not interfere with making



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decisions in the best interest of clients while at the same time, allowing employees to invest for their own accounts. Certain classes of securities, such as open-ended mutual funds, are designated as exempt transactions, meaning employees may trade these without prior permission because such trades would not materially interfere with the best interest of our clients. Nonetheless, because the Code of Ethics permits employees to invest in the same securities as clients, there is a possibility that employees might somehow benefit from the market activity of a client. Accordingly, when applicable, employee trading is monitored under the Code of Ethics, and to reasonably prevent conflicts of interest between Young Wealth Management and our clients. We will disclose to advisory clients any material conflict of interest relating to our firm, its representatives, or any of its employees which could reasonably be expected to impair the rendering of unbiased and objective advice. We will notify clients in advance of its policies in respect to officers trading for their own account including the potential conflict of interest that arises when recommending securities to clients in which Young Wealth Management or its principal holds a material position. Item 12 – Brokerage Practices Selecting Brokerage Firms We do not have any affiliation with product sales firms. Specific custodian recommendations are made to clients based on their need for such services. We recommend custodians based on the proven integrity and financial responsibility of the firm and the best execution of orders at reasonable commission rates. We recommend discount brokerage firms and trust companies (qualified custodians), such as TD Ameritrade Institutional or Vanguard. We have a custodial relationship with TD Ameritrade Institutional. Young Wealth Management is independent of all such brokerage firms and custodians, and all such firms are independent of Young Wealth Management. Young Wealth Management DOES NOT receive fees or commissions from any of these arrangements. Best Execution In recommending a broker dealer for specific trades, we will generally seek “best execution”. Factors considered include, but are not limited to, the broker-dealers facilities, costs, reliability and financial responsibility, the ability of the broker-dealer to effect transactions, and the research and related brokerage services provided to you and/or our firm.



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Order Aggregation Whenever possible, we will aggregate trades so as to minimize trade costs to clients. Item 13 - Review of Accounts Young Wealth Management is responsible for reviewing accounts and providing recommendations as follows: Assets Under Management clients typically receive account reviews annually in conjunction with the relevant client meeting, or as needed upon client request. Reviews are performed by Kevin M. Young, MBA, EA, CFP®. Assets Under Management clients typically receive financial planning recommendations soon after the conclusion of a client meeting. Financial Planning Project clients receive financial planning recommendations as agreed upon based on the specific project. Recommendations are provided by Kevin M. Young, MBA, EA, CFP®. For clients that maintain any brokerage account(s), their custodian will provide a statement at least quarterly which includes a list of all assets held in the account, asset values, and all transactions affecting the account assets, including any additions or withdrawals. Item 14 - Client Referrals and Other Compensation Young Wealth Management is a fee-only financial planning firm and does not sell insurance or investment products, nor does it accept commissions as a result of any product recommendations. Advisor does not pay referral or finder's fees, nor does it accept such fees from other firms. Item 15 - Custody Client assets are held at qualified custodians. This means the custodians provide account statements directly to clients at their address of record at least quarterly. In some cases, client can request that the custodian provide statements electronically by email, instead of regular mail. We urge all clients to carefully review such statements and compare such official custodial records to any statements that we may provide to you. We may also provide clients with periodic reports on client’s account. These reports may vary from custodial statements based on accounting procedures, reporting dates, or valuation methodologies of certain securities. Item 16 - Investment Discretion Our role is to make investment and planning recommendations. For some clients, we have authority over client funds and execute trades in client’s accounts (see next paragraph). Clients are not required to follow any recommendations made by us and clients are solely responsible to implement any recommendations made by us.



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Upon client request, we will accept a limited power of attorney “LPOA” to execute trades on client’s behalf. Despite this LPOA, all trades will be made on a discretionary basis, which means that we are not required to obtain a client’s approval for each specific transaction prior to executing investment recommendations or selecting and retaining any sub-advisors to the account. We will always act in accordance with client’s objectives and suitability with this discretion. Item 17 – Voting Client Securities As a matter of firm policy and practice, we do not have any authority to and do not vote proxies on behalf of clients. Clients retain the responsibility for receiving and voting proxies for any and all securities maintained in client portfolios. At the request of a client, we may provide advice to clients regarding the client’s voting of proxies. Item 18 – Financial Information Registered Investment Advisers are required to provide you with certain financial information or disclosures about their financial condition. Young Wealth Management has no financial commitment that would impair our ability to meet contractual and fiduciary commitments to clients, and nobody associated with Young Wealth Management has ever been the subject of a bankruptcy proceeding. Item 19 – Requirements for State-Registered Advisors Educational Background and Business Experience of Principal Officer The Principal Officer of Young Wealth Management is Kevin M. Young, MBA, EA, CFP, President and Owner. Mr. Young earned a B.S. – Operations Management from Arizona State University in 1991 and an M.B.A. from California Lutheran University in 2007. Information regarding his employment history is listed below:

Young Wealth Management, President, January 2007– Present Advisory Board Member Horseshoe Management, Inc., 11/2006 to Present Operation Management Positions, Amgen Inc, Genentech Inc., 07/1992-11/2005

Kevin M. Young, MBA, EA, CFP® has never been found liable or required to pay any award for an arbitration claim or other civil proceeding related to an investment related activity. Other Business Activities of Principal Officer Mr. Young has additional business activities that are detailed in Item 10 – Other Financial Activities and Affiliations. Performance Fee Calculations Young Wealth Management does not charge performance-based fees for its investment advisory services. The fees charged are as described in Item 5 – Fees and Compensation.



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Disciplinary Information Registered Investment Advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of each supervised person providing investment advice. There are no legal, civil or disciplinary events to disclose regarding the Advisor or Kevin M. Young. Material Relationships with Issuers of Securities Neither the Advisor nor Mr. Young has any relationship or arrangements with issuers of securities. Additional information about Mr. Young can be found in the firm’s Form ADV Part 2B Brochure Supplement.

KEVIN M. YOUNG FINANCIAL, INC. DBA YOUNG WEALTH MANAGEMENT Form ADV Part 2B – Brochure Supplement

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Item 1 ‐ Cover Page

Kevin M. Young


502 Mace Blvd., Suite #5

Davis, CA 95618

Contact Information Kevin M. Young MBA, EA, CFP®, President

Phone: (530) 231-5152 (Davis) Phone: (916) 418-0375 (Sacramento)

Email: [email protected] Website: http://www.YoungWealthManagement.com

Date: March 23rd, 2020

This brochure supplement provides information about Kevin M. Young, President and Owner of Young Wealth Management (YWM) that supplements the Young Wealth Management Brochure. You should have received a copy of that brochure. Please contact Kevin Young if you did not receive a copy of the YWM Brochure or if you have any questions about the contents of this supplement. Additional information about Young Wealth Management and Kevin M. Young is available on the SEC’s website at www.adviserinfo.sec.gov. The searchable CRD number for the firm is: 145478. The searchable CRD number for Mr. Young is: 5439853.

http://www.adviserinfo.sec.gov/


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Item 2 ‐ Educational Background and Business Experience Kevin M. Young Year of Birth: 1965 Education

• Arizona State University, Bachelor of Science, Operations Management • California Lutheran University, Masters Business Administration, emphasis in Financial Planning

Business Background

• Young Wealth Management, President - January 2007 to present • Advisory Board Member Horseshoe Management, Inc. - November 2006 to present. • Certified Financial Planner Professional - September 2011 to present • Enrolled to Practice before the Internal Revenue Service • Operations Management Positions, Amgen Inc. and Genentech Inc. - July 1992 to November 2005

Item 3 ‐ Disciplinary Information Kevin M. Young, MBA, EA, CFP® has never been found liable or required to pay any award for an arbitration claim or other civil proceeding related to an investment related activity. Registered Investment Advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of each supervised person providing investment advice. There is no information to disclose applicable to this Item. Item 4 ‐ Other Business Activities Kevin M. Young, MBA, EA, CFP® is the co-author of the 2010 PassKey EA Review Complete: Individuals, Businesses and Representation: IRS Enrolled Agent Exam Study Guide. Kevin M. Young, MBA, EA, CFP® is not currently engaged in any outside investment-related business activities and has no relationships which would create a material conflict of interest with clients. Item 5 ‐ Additional Compensation Kevin M. Young, MBA, EA, CFP® does not receive any additional compensation (or other economic benefit) for providing investment advisory services. Item 6 – Supervision Kevin Young is responsible for supervising the services and advice provided to clients of Young Wealth Management. He prepares investment policies, forms and procedures for clients. Item 7 – Requirements for State-Registered Advisers Mr. Young has never been subject to an award or otherwise been found liable in an arbitration claim alleging damages in excess of $2,500, or in a civil, self-regulatory organization or administrative proceeding in any of the following: (a) an investment or an investment-related business or activity; (b) fraud, false statement(s), or omissions; (c) theft, embezzlement, or other wrongful taking of property; (d) bribery, forgery, counterfeiting, or extortion; or (e) dishonest, unfair, or unethical practices. Mr. Young has never been the subject of a bankruptcy petition.


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Anne-Sabine Nooteboom



Davis, CA 95618





This brochure supplement provides information about Anne-Sabine Nooteboom, Investment Advisor Representative of Young Wealth Management (YWM) that supplements the Young Wealth Management Brochure. You should have received a copy of that brochure. Please contact Kevin Young if you did not receive a copy of the YWM Brochure or if you have any questions about the contents of this supplement. We require any employees involved in the practice of giving investment advice or consulting to Clients to have at a minimum, a bachelor degree from an accredited university, preferably with a major in finance, economics, or business, etc. These employees must also pass appropriate licensing examinations and are strongly encouraged to seek continuing education opportunities available in the industry, including appropriate certifications or designations. Additional information about Young Wealth Management and Anne-Sabine Nooteboom is available on the SEC’s website at www.adviserinfo.sec.gov. The searchable CRD number for the firm is: 145478. The searchable CRD number for Ms. Nooteboom is: 6079162.



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Item 2 ‐ Educational Background and Business Experience Anne-Sabine Nooteboom Year of Birth: 1953 Education

• B.S. Microbiology and B.S. Food Science, Oregon State University, 1980 • CFP® professional, Certificate in Personal Financial Planning, UC Davis Extension, 2010

Professional Registrations and Licenses

• Series 65 Uniform Investment Advisor Law Examination • CTEC registered tax preparer #A022546 • CERTIFIED FINANCIAL PLANNER™ • California Accident, Health, and Life-Only Agent #0L76738

Business Background 01/2012 - Present: Investment Advisor Representative & Financial Planning Assistant Young Wealth Management, Davis, California 09/2010 – 5/2017 Volunteer Counselor HICAP of Northern California, West Sacramento, California 01/2010 – 11/2010: Student – Financial Planning (Part-Time) 09/1985 – 01/2010: Staff Research Associate University of California, Davis, California

Item 3 ‐ Disciplinary Information Ms. Nooteboom has not been subject to any legal or disciplinary proceedings which would be considered material (or otherwise) to a Client’s evaluation of her or any of the services Young Wealth Management provides.

Item 4 ‐ Other Business Activities Ms. Nooteboom does not participate in any other material activities and has no other financial industry affiliations to disclose. However, she does assist in the preparation of Medicare Advantage Plan comparison charts for HICAP of Northern California in October of each year on a volunteer basis.

Item 5 ‐ Additional Compensation Ms. Nooteboom only receives compensation from Clients in the form of advisory fees. She receives no additional compensation from any third parties in relation to the investment advice provided.

Item 6 – Supervision Kevin Young is responsible for supervising the services and advice provided to clients of Young Wealth Management. He prepares investment policies, forms and procedures for clients. Ms. Nooteboom works under Mr. Young’s supervision.

Item 7 – Requirements for State-Registered Advisers Ms. Nooteboom has never been subject to an award or otherwise been found liable in an arbitration claim alleging damages in excess of $2,500, or in a civil, self-regulatory organization or administrative proceeding in any of the following: (a) an investment or an investment-related business or activity; (b) fraud, false statement(s), or omissions; (c) theft, embezzlement, or other wrongful taking of property; (d) bribery, forgery, counterfeiting, or extortion; or (e) dishonest, unfair, or unethical practices. Ms. Nooteboom has never been the subject of a bankruptcy petition.


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Jean T. Yamamoto



Davis, CA 95618





This brochure supplement provides information about Jean T. Yamamoto, Investment Advisor Representative of Young Wealth Management (YWM) that supplements the Young Wealth Management Brochure. You should have received a copy of that brochure. Please contact Kevin Young if you did not receive a copy of the YWM Brochure or if you have any questions about the contents of this supplement. We require any employees involved in the practice of giving investment advice or consulting to Clients to have at a minimum, a bachelor degree from an accredited university, preferably with a major in finance, economics, or business, etc. These employees must also pass appropriate licensing examinations and are strongly encouraged to seek continuing education opportunities available in the industry, including appropriate certifications or designations. Additional information about Young Wealth Management and Jean T. Yamamoto is available on the SEC’s website at www.adviserinfo.sec.gov. The searchable CRD number for the firm is: 145478. The searchable CRD number for Ms. Yamamoto is: 4852355



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Item 2 ‐ Educational Background and Business Experience Jean T. Yamamoto Year of Birth: 1972 Education

• B.A., English Literature, Swarthmore College, 1994 • M.S.W, University of Pennsylvania, 1998 • M.B.A., Columbia University, 2003

Professional Registrations and Licenses

• Series 65 Uniform Investment Advisor Law Examination Business Background 10/2019 - Present Investment Advisor Representative & Financial Planning Assistant Young Wealth Management, Davis, California 06/2005 – 05/2007 Associate Nonprofit Finance Fund, San Francisco, California 06/2003 – 06/2005 Associate Municipal Securities Group, UBS Financial Services, San Francisco, California

Item 3 ‐ Disciplinary Information Ms. Yamamoto has not been subject to any legal or disciplinary proceedings which would be considered material (or otherwise) to a Client’s evaluation of her or any of the services Young Wealth Management provides.

Item 4 ‐ Other Business Activities Ms. Yamamoto does not participate in any other material activities and has no other financial industry affiliations to disclose.

Item 5 ‐ Additional Compensation Ms. Yamamoto only receives compensation from Clients in the form of advisory fees. She receives no additional compensation from any third parties in relation to the investment advice provided.

Item 6 – Supervision Kevin Young is responsible for supervising the services and advice provided to clients of Young Wealth Management. He prepares investment policies, forms and procedures for clients. Ms. Yamamoto works under Mr. Young’s supervision.

Item 7 – Requirements for State-Registered Advisers Ms. Yamamoto has never been subject to an award or otherwise been found liable in an arbitration claim alleging damages in excess of $2,500, or in a civil, self-regulatory organization or administrative proceeding in any of the following: (a) an investment or an investment-related business or activity; (b) fraud, false statement(s), or omissions; (c) theft, embezzlement, or other wrongful taking of property; (d) bribery, forgery, counterfeiting, or extortion; or (e) dishonest, unfair, or unethical practices. Ms. Yamamoto has never been the subject of a bankruptcy petition.

Documents

Kevin M. Young Financial, Inc. dbakevinyou/... · • California Lutheran University, Masters Business Administration, emphasis in Financial . Planning . Business Background • Young