Form ADV Part 3: Relationship Summary for F.I.G. Financial Advisory Services, Inc.

Introduction

F.I.G. Financial Advisory Services, Inc. (“F.I.G.” or “we”) is an investment adviser registered with the state of Oklahoma. We offer our clients investment advisory services. Clients should understand that the services we provide and fees we charge are different than those of a broker-dealer, and that it is important to understand the difference between the two. Free and simple tools are available to research firms and financial professional at https://www.investor.gov/CRS, which also provides educational materials about investment advisers, broker-dealers and investing.

What Investment Services and Advice Can You Provide Me?

Description of Services: F.I.G. offers investment advisory services to retail investors. Our investment advisory services include: Asset Management Services and Financial Planning and Consulting Services.

Asset Management Services: We provides asset management services which involves us managing and trading your designated account(s). We will discuss your investment goals and design a strategy to try and achieve your investment goals. We will continuously monitor your account when providing asset management services and contact you at least annually to discuss your portfolio. For more information, please see Item 4 of our Form ADV Part 2A. Asset management services are provided on a discretionary basis, meaning we will have the authority to determine the type and amount of securities that can be bought or sold for your portfolio without obtaining your consent for each transaction. For more information about investment authority, please see Item 16 of our Form ADV Part 2A.

Financial Planning & Consulting Services: We also provide financial planning and consulting services. Our financial planning services involve us providing a web-based portal for each client that provides information which covers mutually agreed upon topics. Financial consulting is used when formal financial planning isn’t needed or client does not utilize our full financial planning service. It involves one time and/or ongoing meetings to discuss your financial situation. Please see Item 4 of our Form ADV Part 2A.

Limited Investment Offerings: We do not primarily recommend one type of security to clients.  Instead, we recommend investment portfolios designed to be suitable for each client relative to that client’s specific circumstances and needs. However, we are limited in investment selection in that we can only invest your account in securities which are available on your custodian/broker-dealer’s platform. When providing you services, we do not recommend or offer advice on any proprietary products.

Account & Fee Minimums: There are no minimum investment amounts or conditions required for establishing an account managed by us.

Conversation Starters: Given my financial situation, should I choose an investment advisory service? Why or why not? How will you choose investments to recommend to me? What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?

What Fees Will I Pay?

Description of Principal Fees & Costs: Fees charged for our asset management services are charged based on a percentage of assets under management, billed in arrears on a quarterly calendar basis, and calculated based on the average daily balance of your account during the previous billing period.  The annual fee for asset management services will based upon a fee schedule which ranges between 0.45% and 2.20%. The asset management fee is negotiable at our discretion.  Because our fee is based upon the value of your account we have an incentive to recommend that you increase the level of assets in your account. When engaging us for asset management services, you will also incur other fees and expenses. The custodian on your account will charge you a custody fee for maintaining your account. You will also be charged internal fees and expenses by any mutual funds we invest in within your account.

No Additional fees are charged for our financial planning and consulting services.

Additional Information: You will 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.  For more information about the fees we charge and the other fees and expenses you will incur, please see Item 5 of Form ADV Part 2A.

Conversation Starters: Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?

What Are Your Legal Obligations to Me When Acting as My Investment Adviser? How Else Does Your Firm Make Money and What Conflicts of Interest Do You Have?

Standard of Conduct: When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.

To the extent we recommend you roll over your account from a current retirement plan to an individual retirement account (“IRA”) managed by us and subject to our asset-based investment advisory fees, this is a conflict of interest because we have a financial incentive to recommend that you move your IRA to us even if it is not in your best interest.  For more information about this conflict and our procedures to mitigate the conflict, see Item 4 of our Form ADV Part 2A. When we provide asset management services, we will ask that you establish an account with E*Trade Advisor Services to maintain custody of your assets and to effect trades for your account.  Our recommendation to use E*Trade Advisor Services is not based solely on your interest of receiving the best execution possible.  We also recommend E*Trade Advisor Services because they provide us with research, products and tools that help us manage and further develop our business operations. As a result, we do not have to pay for such benefits, which save us money; however, these arrangements create a conflict of interest.  See Item 12 of our Form ADV Part 2A for more information about our arrangements with E*Trade Advisor Services. We actively manage our own personal accounts while at the same time managing your accounts and other client accounts.  This creates different conflicts of interest for which we have developed procedures to mitigate and control for those conflicts.  For more information see Item 11 of our Form ADV Part 2A. Some of our investment adviser representatives also serve as insurance agents. Through their role as such they may sell, for commissions, various insurance products. We have a conflict of interest in recommending these products to you because of the potential for additional revenue.

Conversation Starters: How might your conflicts of interest affect me, and how will you address them?

Additional Information: For more information about our conflicts of interests and the ways we are compensated, please see Item 5and Item 10 of our Form ADV Part 2A.

How Do Your Financial Professionals Make Money?

Description of Salary/Payment of Investment Adviser Representatives: We compensate our investment adviser representatives with a fixed percentage of fees charged by the firm. Our company principal receives salary that can vary with the overall financial performance of the firm. This creates a conflict of interest as it gives our representatives an incentive to recommend you invest more in your account with us due to the potential for increased revenue.

Some of our representatives also serve as licensed insurance agents. When acting in this capacity, the representative will receive commissions for selling insurance products. This creates a conflict of interest when the representative recommends you purchase insurance products through him or her.

Additional Information: For more information about these conflicts of interest, please see Item 10 of our Form ADV Part 2A.

Do You or Your Financial Professionals Have Legal or Disciplinary History?

Neither us, nor our investment adviser representatives have a legal or disciplinary history to report. You can look up more information about us and our investment adviser representatives at https://www.investor.gov/CRS.

Conversation Starters: As a financial professional, do you have any disciplinary history? For what type of conduct?

Additional Information About F.I.G.

Additional information about us and a copy of this relationship summary are available on the Internet at www.figfinancial.com. You can also find our disclosure brochures and other information about us at https://adviserinfo.sec.gov/firm/summary/105506. If you have any questions or want an up-to-date copy of this relationship summary, we can be reached by phone at 405-844-9826.

Conversation Starters: Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?