Pefin, Inc. offers Non-Investment based AI Financial Planning advice to its clients. We are an internet only AI Financial Planner. We use AI Technology to understand your life plans- like buying a home, having kids, sending them to college, retiring in comfort-and generate a financial summary for you. We then provide advice to You on how to improve Your financial life on an ongoing basis.
Pefin, Inc. does not provide any services that are regulated, especially investment advice. It however may incorporate any investment advice that Pefin Advisors, LLC has provided to You, provided that you have authorized Pefin Advisors, LLC to share this information with Us. You have access to Pefin Advisors, LLC via the Pefin.com website which is jointly managed by Pefin, Inc. and Pefin Advisors, LLC. The services Pefin, Inc. provides you will change and improve over time, without any notice to You.
FIDUCIARY STANDARD: Pefin, Inc. offers all of its Services (non-Investment Financial Planning and Advice) to a fiduciary standard, which means we are committed to working in your best interests, above our own.
Accessing the AI Financial Planner:
Client can access the AI Financial Planner and Advice offered by Pefin, Inc. by visiting the website http://pefin.com. This website, provides both non-investment related financial planning services provided by Pefin, Inc. (which is not regulated by the SEC), and investment advice, provided by Pefin Advisors, LLC. Information displayed on the pefin.com website, may include assumptions on investment returns, which are generated by Pefin Advisors and provided to Pefin, Inc. as duly authorized by the client.
This Services Agreement says that You agree to the following:
(a) Providing Complete and Accurate Information
You understand and agree that the accuracy of Your Financial Plans provided by Us is based on the input you provide Us directly via the Pefin.com App and indirectly via the accounts aggregated via third party providers. As a result, the information and recommendations provided to you could be wrong for a variety of reasons that are beyond our control. They include:
(b) Understanding the Suitability of the AI Financial Planner for my needs
The Planner provides Fiduciary Financial Planning and Advice. However, we do not provide the complete range of legal, tax or financial advice that may be needed for You. It is up to You to decide if Pefin is sufficient for your needs, in the same way that you would evaluate a Human Financial Advisor.
(c) Understanding the limitations of the AI Financial Planner
You understand all the assumptions and limitations of the Planner, and agree to use the Planner with a clear understanding that it will be sufficient for Your needs.
(d) Authorizing the AI Financial Planner to Electronically transfer data from and to Pefin Advisors
Information displayed to Pefin, Inc. customers on the Pefin.com application, may include assumptions on investment returns, which are generated by Pefin Advisors, LLC and provided to Us as authorized by You. You authorize Pefin Advisors, LLC to provide this information to Us and for Us to use this investment advice, in the calculation of your life plans and providing advice to you. All of this information, is automatically transferred electronically to us via Pefin.com. You further authorize Us to provide ALL requested information, including your latest Financial Plan and the underlying data, which you may not have yet reviewed, to Pefin Advisors, LLC so that they can provide You investment advice.
Except as otherwise provided by law, Pefin, Inc., or its officers, directors, employees or affiliates will not be liable to Client for any loss:
During the term and following the termination of this Agreement, the Parties agree to treat as confidential all information and advice furnished by either party, including their agents and employees, and all ADVICE provided to the client.This confidential information shall not be disclosed to any third parties except as agreed upon in writing, or as required by federal or state law, regulatory authorities.
Each party executing this Agreement represents that:
Client confirms that the terms of this Agreement and his or her engagement of the Planner do not violate any obligations of Client, whether arising by contract, operation of law or otherwise.
Client agrees to notify Advisor in writing, via the Pefin.com application, of any event that might affect his or her authority or the validity of the Agreement. Client and Advisor agree to immediately notify each other in writing if any of the representations set forth in this sect ion of the Agreement cease to be accurate.
Client represents that it is not a retirement plan “Plan” organized under ERISA.
By executing this Financial Planning Agreement, the parties acknowledge, understand and accept their respective rights, duties, and responsibilities.