Disclosures

The Jung Financial Group Ltd. is a financial services company that provides fee-only financial services based on the individual needs of each client. We serve individuals, families and companies from a broad economic base.

We offer five separate financial services – tax planning and preparation, investment management, small business accounting, business consulting and family advice. We do not sell any products or services under a commission arrangement. We are not associated with any other firm except as described by contract. Any compensation received by our firm will be fully disclosed to each client.

One of our primary services is investment management. This service accepts funds from individuals, qualified pension plans and businesses for investment. These funds shall be invested in a non-discretionary portfolio mix based on the clients’ risk tolerance and investment goals. The annual fee charged for this service shall be 1.25% of the first $1,000,000 under management; 1.00% for accounts over $1,000,000; .90% for accounts over $2,000,000 and .80% for accounts over $3,000,000. If the account exceeds $4,000,000, the fee will decrease 5 basis points (.05) for each additional $1,000,000 to a minimum of .50%. All management fees, brokerage fees and other miscellaneous costs of trading activity shall be the responsibility of the client.

The Jung Financial Group Ltd. has offices in Honolulu and on the Big Island of Hawaii. Gary Jung heads the office on the island of Hawaii where all records pertaining to investment management are maintained. Another of our primary services is tax planning and preparation. We prepare tax returns for individuals, corporations, partnerships, limited liability companies and fiduciaries. We represent clients with tax problems before the Internal Revenue Service and state tax agencies including audits, appeals, negotiating payment plans and offers in compromise. Tax planning is offered in business formation and dissolution, real estate transactions, pension distributions and other specific tax questions.

Small business accounting is another service offered by our company. We offer general business accounting on a cash or accrual basis. The company produces timely financial statements and management reports and assists clients in the interpetation of financial information. Payroll services include direct deposit of paychecks, automatic payment of Federal and State payroll taxes, payroll tax preparation and employee benefit reporting. The Jung Financial Group is skilled in the design and implementation of computerized accounting systems that are tailored to clients’ needs. We are licensed Certified QuickBooks ProAdvisors.

We also offer business consulting for our business clients. We have over 22 years of experience advising clients on accounting, taxes, start-up concerns and general business advice makes us uniquely qualified to assist business owners with problem solving. ESOP’s (Employee Stock Ownership Plans) are a particular area of expertise.

Our business began with family advice. We have been advising individuals and families on financial matters for more than 22 years. Both principals are CFP’s and have extensive experience in assisting clients achieve their financial goals. We offer advice in financial planning, estate planning, tax planning, insurance issues, investments, retirement and college planning.

Gary Jung, CFP (Certified Financial Planner) was born in 1939 and is the firm’s President and investment advisor. Mr Jung has 4.2 years of college and has been in the financial services business for more than 22 years. He is listed in the Western Edition of "Who`s Who In America". A featured speaker, author and regular guest on many local radio and television shows, he formerly hosted a weekly, live radio show on KGU called "Money Talks". He has served two terms as president of the Hawaii Chapter of the International Association for Financial Planning (IAFP), and has been a three-time selection as the organization’s Outstanding Member of the Year.

Jung has a long history of community service. He has served on various committees, boards and commissions throughout the state. These organizations include: The National Federation of Independent Business, various Mayor’s select committees and the Hemophillia Foundation of Hawaii. He has been the president of his community association and served as the vice-president of the University of Hawaii at Hilo’s athletic board.

Michael Moore, CFP, EA (Enrolled Agent) was born in 1959 and is the Vice-President of the company. Mr. Moore holds a degree in accounting and economics from the University of California at Santa Barbara. He is an Enrolled Agent authorized to represent clients before the IRS, has been admitted to the Registry of Financial Planning Practitioners and is a graduate of the National Tax Practice Institute.

He is past president of the Hawaii Chapter of the IAFP, served on its Board for five years and represented the chapter at national leadership conferences and regional council meetings. He was twice voted Outstanding Member of the Year. As a Director of the Hawaii Society of Enrolled Agents, Moore served as the liason between the HSEA and the Internal Revenue Service as well as the Hawaii State Department of Taxation.

He currently serves on the Board of Directors and the finance committee of the Hemophilia Foundation of Hawaii and on the Board of International Advisors of Business Network International.