Relationship Summary

Staines Financial, LLC

June 1, 2020 – ADMENDMENT

Staines Financial, LLC is registered with the Securities and Exchange Commission as an investment advisor and provides advisory accounts and services.  This document gives you a summary of the types of services we provide and how you pay.  Please ask us for more information.  Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

Relationships and Services

“What investment services and advice can you provide me?”

  • Staines Financial offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client.
  • Portfolio management services include, but are not limited to, the following:

                 *Investment strategy            *Personal investment policy

                 *Asset allocation                   *Asset selection

                 *Risk tolerance                      *Regular portfolio monitoring

  • Staines Financial evaluates the current investments of each client with respect to their risk tolerance levels and time horizon.
  • Staines Financial generally meets with Clients three to four times a year, preferably in person-to-person meetings.
  • Staines Financial seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of Staines Financial’s economic, investment or other financial interests.
  • Staines Financial generally limits its investment advice to mutual funds, fixed income securities, real estate funds (including REITs), insurance products including annuities, equities, ETF, commodities and private placements. Staines Financial may use other securities as well to help diversify a portfolio when applicable.
  • Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs, and Staines Financial clients will make the ultimate decision regarding the purchase or sale of investments.
  • Staines Financial generally provides advisory services to Individuals and High-Net-Worth Individuals.  There is no account minimum for any of Staines Financial’s services.

Fees, Costs, Conflicts and Standard of Conduct

“What fees will I pay?’

  • The advisory fee is calculated using the value of the assets in the Account on the last business day of the prior billing period. Asset-based portfolio management fees are withdrawn directly from the client's accounts with client's written authorization on a quarterly basis or may be invoiced and billed directly to the client’s credit card on a quarterly basis.
  • Fee Schedule / Portfolio Management Fees:
  • Clients are responsible for the payment of all third-party fees (i.e. custodian fees, brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and distinct from the fees and expenses charged by Staines Financial.
  • You pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
  • Michael L Staines, Jr is an independent licensed insurance agent, and from time to time, will offer clients advice or products from those activities. Staines Financial always acts in the best interest of the client; including the sale of commissionable products to advisory clients.  Clients are in no way required to utilize the services of any representative of Staines Financial in connection with such individual's activities outside of Staines Financial.

Disciplinary History

  • Staines Financial has no criminal or civil actions to report.
  • Staines Financial has no administrative proceedings to report.
  • Staines Financial has no self-regulatory organization proceedings to report.
  • Visit Investor.gov/CRS for a free and simple search tool to research you and your financial professionals.

Additional Information

  • Please contact Staines Financial if you have any questions, for example:
    • Why should I choose an investment advisor?
    • How will you choose investments to recommend for my account?
    • What service or additional costs should I expect in connection to my account?
  • You can contact Staines Financial at the following:
    • Address: 1420 Rocky Ridge Drive, Suite 250, Roseville, CA  95661
    • Telephone: (916) 663-6723   /   Facsimile: (916) 663-6734
    • Firm’s Priority Contacts:

                                   Michael Staines, President/Owner (916) 663-6723

                                   Mark Massaro, Vice President of Operations (908) 514-6038

                                   Alex Belasco, Advisor (916) 663-6723

                                   Heather McDearmond, Licensed Agent (256) 595-2448

  • Firm’s Office Contacts (at building address and telephone number above)

                                   Kaleigh Borden, Assistant Clients Relations Manager

                                   Garrett Cottom, Clients Relations

                                   Janice Hetherington, Office Operations Manager

                                   Mikayla Martig – Office Operations Team

                                   Veronica Ascencio – Office Operations Team

                                   Sarah Stoddard – Executive Assistant