Last updated: 07/02/2023
Blend Financial, Inc. dba Origin Financial (“Origin”) is a Delaware-domiciled corporation, with principal headquarters in San Francisco, Boston, MA 02115. Origin is online at https://useorigin.com.
This brochure provides information about the qualifications and business practices of Origin. If you have any questions about the contents of this brochure, please contact us at info@useorigin.com. The information in this brochure has not been approved or verified by theUnited States Securities and Exchange Commission or by any state securities authority. Origin isa SEC registered investment adviser, but registration does not imply a certain level of skill or training.
Pursuant to the requirements of 950 Mass. Code Regs. 12.205(8)(a)4, the disciplinary history Origin and its representatives can be obtained from the Massachusetts Securities Division upon request. Additional information about Origin is also available on the SEC’s website at www.adviserinfo.sec.gov.
This section of the brochure is meant to reflect any material changes the Firm may have madesince its last annual update. Investment advisers must update the information in their brochure atleast annually. Origin is only discussing material changes since the last annual update of thisBrochure, which was published on March 15, 2021.
Origin made revisions to the below sections primarily related to the Origin Investment Account:
• Item 1 - Cover Page (Principal Office Address)
• Item 4 - Advisory Business;
• Item 5 - Fees & Compensation;
• Item 8 - Methods of Analysis, Investment Strategies, and Risk of Loss; and
• Item 13 - Review of Accounts
Origin will deliver a brochure or summary each year to existing Clients within 120 days of theclose of the Firm’s fiscal year. If the Client does not receive this Firm Brochure at least 48 hoursprior to entering into its Client Investment Advisory Agreement with Origin, the Client has a rightto terminate the contract without penalty within five business days after entering into the contract.
Blend Financial, Inc. dba Origin Financial (“Origin”) was formed in January 2018 and became registered as an investment adviser with the U.S. Securities and Exchange Commission in January2021. Origin’s principal owner is Matthew Watson, Chief Executive Officer.
Origin offers financial planning services by making non-discretionary recommendations on aClient’s investment portfolio. For instance, Origin may advise a Client on his/her 401(k)investments. The Firm’s investment advice is limited to portfolio fund optimization recommendations. Origin’s investment advice is limited to the following asset types: Equities,Bonds, ETFs, Mutual Funds, and Cash/Cash Equivalents.
The purpose of Origin’s platform is to provide holistic counseling to Clients on every aspect of their financial wellbeing. Not only does Origin provide advisory services on portfolio investments, but on affairs related to insurance and loans. Therefore, while the primary goal of collecting Client information is to provide investment advice in a fiduciary capacity to the Client, the Firm also utilizes this information to make recommendations about insurance products, savings account originations, and student loan refinance originations.
Origin recommends to Clients investment-related products that are offered by external companies.Some of the products and services offered through external companies are accessible to Clients through Origin’s platform. Each service item listed on the platform has its own fee model, determined by the external company that is offering the service. For instance, ETFs and mutual funds Origin may recommend to Clients charge their own internal management and administrative fees, which are disclosed in each respective fund’s individual prospectus. Origin only recommends investments or other products that it believes would be in the Client’s best interest based on information provided by the Client. The Client always has the right to decide whether to act on these other recommendations for insurance products and savings account or student loan refinancing origination services. If they do decide to act, Clients always have the right to do so through the professional of their choosing.
Clients may also invest in the Origin Investment Account. For this service, Origin separately manages each Client’s account based off a series of model portfolios. Origin manages Client accounts on a discretionary basis, meaning that the Firm decides the price and time of investments on behalf of Clients.
Origin selects a curated portfolio that is most suitable to each Client. Origin’s portfolios are made mostly of Exchange Traded Funds (“ETF’s”) but may also include cash, and / or mutual funds. Of these asset types, Origin created 11 portfolios with varying degrees of risk. After collecting information on the Client’s risk profile and investment time horizon, the Firm selects the portfolio that is appropriate for the Client.
Origin tailors its advisory services to the individual needs of its Clients. First, Clients are instructed to answer a series of questions on Origin’s website during the onboarding process. The questions provide the financial advisor with the Client’s risk tolerance, investment objectives, current financial condition, investment time horizon, and relative prioritization of each financial goal to create the Client’s Investment Profile.
Next, a financial advisor schedules a call or video meeting to speak to the new Client. During the call, the financial advisor confirms the information the Client provided in the Investment Profile.Based on the Client’s unique situation and financial background, the financial advisor discusses the Client’s investment objectives to create a Client Plan and make investment recommendations.
Since Origin does not have discretionary authority over Client Financial Planning accounts, nor does it execute or arrange transactions on behalf of Clients, there is no process through whichClients may impose restrictions on investing in certain securities or types of securities. Clients have the choice to accept or reject the advice from Origin’s software and/or financial advisors.
The Firm invests on behalf of Clients’ accounts according to the investment strategy of each model portfolio. To determine which of the 11 model portfolios a Client receives, Origin uses a risk assessment. The risk assessment allows us to determine if a Client is aggressive, moderately aggressive, moderate, moderately conservative, or conservative. Origin therefore does not generally tailor its advisory services to the individual needs of Clients. Origin’s Clients should understand that their account holdings will closely reflect those of other Clients. Origin may accept reasonable restrictions from Clients related to their account.
Origin does not participate in wrap fee programs.
For its financial planning service, Origin provides non-discretionary investment advice to its Client. As of December 31, 2021, the Firm has no assets under management on a non-discretionary basis.
For the Origin Managed Accounts, Origin provides discretionary advice to Clients. As of December 31, 2021, the Firm has $505,000 of assets under management on a discretionary basis.
Origin offers a flat Service Fee per month per Client; the Firm calculates the fee amount based on the number of Clients from the Client’s employer. The Client’s employer (through a contract withOrigin) is responsible for this fee. The fee is non-negotiable. Origin does not charge performance based fees.
As mentioned in Item 4, although access to Origin’s platform is free for the end-user Client, each service item listed on the platform has its own service fee model, which is determined by the external company that is offering the service. In other words, despite Origin’s platform as being described as ‘free’ the Client is still subject to any fees or services provided by external companies(and selected by the Client) that are integrated into Origin’s platform. ETFs and mutual fundsOrigin may recommend to Clients charge their own internal management and administrative fees, which are disclosed in each fund’s respective prospectus.
Clients who invest in the Origin Investment Account are subject to an annual Management Fee equal to 0.20% of the value of their account. The Clients themselves are responsible for this fee.The fee is non-negotiable. Origin does not charge performance-based fees.
The monthly service fee is billed to the Clients’ employer monthly in arrears. Origin does not deduct fees from Clients’ assets. In all instances, Origin will send the employer a written invoice, including the fee, and the time period covered by the fee. Origin will send these to the employer concurrent with the request for payment of Origin’s advisory fees. Origin sends an invoice to the employer, who is then able to pay the invoice by check or credit card using a third-party online service. Partial month services are still treated as full month services. For example, if Clients enroll in or terminate their services in the middle of the month, the Clients’ employer is still charged for the full month.
AccountThe Firm deducts the Management Fee directly from Clients’ accounts quarterly in arrears. Fees are based on the total value of the account at quarter end. The Firm will prorate management fees for partial quarters.
Though the end-user Clients are not subject to the flat Service fee, Clients should note that their custodial accounts will incur fees, which is outside the control of Origin. Origin does not earn or share any portion of these custodial or brokerage fees. Origin does not charge brokerage fees, custodian fees, mutual fund expenses or transaction fees for advisory services. For more information on Origin’s brokerage practices, Clients are encouraged to refer to Item 12 of this FirmBrochure.
If an employee (the Client) terminates employment with his/her employer, the employee may still be a Client of and maintain an account with Origin. The Client will still have full access to Origin’s platform for at no cost. As mentioned in Item 5.A, though access to Origin’s platform is free for the Client, each service item listed on the platform still has its own service fee model, which is determined by the external company that is offering the service. In other words, though access toOrigin’s platform is free for the Client, the Client is still subject to the fees of the services provided by the external company.
The management fee stated above covers investment management services only. Clients are responsible for trading costs, and custodial or servicing costs assessed by the custodian.
Clients are not required to, nor are they able to, pay fees in advance.
Origin does not earn compensation for the sale of other investment products.
Origin does not charge performance-based fees.
The types of Clients to whom Origin provides investment advice are individuals and high net worth individuals. There are no requirements for opening or maintaining an account; for instance, there is no minimum account size requirement.
As described in Item 4.B., Origin formulates investment advice based on the information provided by the Client during the initial onboarding survey and subsequent calls with a financial advisor.Origin may optimize a Client’s investment portfolio choices by recommending lower cost investment alternatives, methods of diversifying portfolios, and asset class weights that optimize a Client’s return per unit of risk. The goal of this optimization method is to achieve efficient frontier portfolios, which offer the highest expected return for a defined level of risk or the lowest risk for a given level of expected return. Clients should note that investing in securities involves risk of loss that Clients should be prepared to bear.
Origin investment account model portfolios are analyzed using a total universe of 19 asset classes. Further analysis of risk and return are conducted using formulas for conditional value at risk as well as other optimizers such as Mean Variance. Any selections are then finally optimized using Modern Portfolio Theory along with Post Modern Portfolio Theory. All investments are reviewed against historical risk and return data.
To determine which of the 11 model portfolios a Client receives, Origin uses a risk assessment. The risk assessment allows Origin to determine if a Client is aggressive, moderately aggressive, moderate, moderately conservative, or conservative. Origin combines this with the Client’s time horizon to determine which of the 11 model portfolios a Client receives.
Please see below for an explanation of the various types of risks Clients incur when they invest in a certain type of security or partake in a particular investment strategy:
Market Risk – The price of any security or the value of an entire asset class can decline for a variety of reasons outside of Origin’s control, including, but not limited to, changes in the macroeconomic environment, unpredictable market sentiment, forecasted or unforeseen economic developments, interest rates, regulatory changes, and domestic or foreign political, demographic, or social events. If a Client has a high allocation in a particular asset class, it may negatively affect overall performance to the extent that the asset class underperforms relative to other market assets.Conversely, a low allocation to a particular asset class that outperforms other asset classes in a particular period may cause that Client Account to underperform relative to the overall market.
Securities/investment vehicles prone to this risk: equities, bonds, ETFs, and mutual funds.
Material Risks of Securities Recommendations
Advisory Risk – There is no guarantee that Origin’s investment advice about particular securities or asset classes will necessarily produce the intended results. Origin and its representatives are not responsible to any Client for losses unless caused by Origin’s breach of its fiduciary duty.
Securities/investment vehicles prone to this risk: equities, bonds, ETFs, and mutual funds.
Foreign Investing and Emerging Markets Risk - Foreign investing involves risks not typically associated with U.S. investments, and the risks may be exacerbated further in emerging market countries. These risks may include, among others, adverse fluctuations in foreign currency values, as well as adverse political, social, and economic developments affecting one or more foreign countries. In addition, foreign investing may involve less publicly available information and more volatile or less liquid securities markets, particularly in markets that trade a small number of securities, have unstable governments, or involve limited industry. Investments in foreign countries could be affected by factors not present in the U.S., such as restrictions on receiving the investment proceeds from a foreign country, foreign tax laws or tax withholding requirements, unique trade clearance or settlement procedures, and potential difficulties in enforcing contractual obligations or other legal rules that jeopardize shareholder protection. Foreign accounting may be 10less transparent than U.S. accounting practices and foreign regulation may be inadequate or irregular.
Securities/investment vehicles prone to this risk: foreign equities, foreign bonds, and funds that hold foreign equities and/or bonds.
ETF Risks, including Net Asset Valuations and Tracking Error - ETF performance may not exactly match the performance of the index or market benchmark that the ETF is designed to track because 1) the ETF will incur expenses and transaction costs not incurred by any applicable index or market benchmark; 2) certain securities comprising the index or market benchmark tracked by the ETF may, from time to time, temporarily be unavailable; and 3) supply and demand in the market for either the ETF and/or for the securities held by the ETF may cause the ETF shares to trade at a premium or discount to the actual net asset value of the securities owned by the ETF.Certain ETF strategies may from time to time include the purchase of fixed income, commodities, foreign securities, American Depositary Receipts, or other securities for which expenses and commission rates could be higher than normally charged for exchange traded equity securities, and for which market quotations or valuation may be limited or inaccurate. Origin does not use leveraged or inverse ETFs as part of its portfolio construction. A non-indexed ETF can trade at a price above (“premium”) or below (“discount”) the share’s net asset value. A non-indexed ETF purchased at a premium may ultimately be sold at a discount.
Securities/investment vehicles prone to this risk: ETFs
Inflation, Currency, and Interest Rate Risks - Security prices and portfolio returns will likely vary in response to changes in inflation and interest rates. Inflation causes the value of future dollars to be worth less and may reduce the purchasing power of an investor’s future interest payments and principal. Inflation also generally leads to higher interest rates, which in turn may cause the value of many types of fixed income investments to decline.
Securities/investment vehicles prone to this risk: ETFs, and mutual funds.
Technology Risk – Since Origin utilizes technological tools to help Clients simulate portfolio performance based on hypothetical allocations, Clients should make note of the following risk associated with using an online interface:
i. A computer-based portfolio simulator may still make incorrect assumptions about aClient’s financial situation. There is always a possibility that the simulator may experience technical malfunctions that would cause its recommendations to be inaccurate.
ii. Clients must not construe the results of Origin’s computer-based portfolio simulator as investment advice. The simulator is merely a supplemental tool that helps Clients assess their financial situation and evaluate potential investments. Clients should note that the simulator makes bases its recommendation on the assumption that all the information theClient provided is correct and that there are no other external factors to consider.
iii. The simulator can only base its output on the input from the Client. As such the simulator’ output is only as accurate as the data the Client inputs.
iv. The output that the simulator generates may not assess all of the Client’s particular situation. Special circumstances, qualitative characteristics, and other intangible components of a Client’s personal background that are not captured by the simulator may cause the simulator’s assumptions to be incorrect.
Clients are highly encouraged to speak with a financial advisor at any time to review theirInvestment Profile and Client Plan. Origin also has procedures for reviewing Client accounts, which is outlined in Item 13 of this Firm Brochure.
There are no legal or disciplinary events that are material to Origin’s prospective Clients’ evaluation of our advisory business or the integrity of our management. Origin has no material disciplinary facts to disclose.
Neither Origin nor any of its management persons are registered, or have an application pending to register, as a broker-dealer or a registered representative of a broker dealer.
Neither Origin nor any of its management persons are registered, or have an application pending to register, as a futures commission merchant, commodity pool operator, a commodity trading advisor, or an associated person of the foregoing entities.
Neither Origin nor any of its management persons have a relationship or arrangement that is material to the Firm’s advisory business with any of the entities below:
1. Broker-dealer, municipal securities dealer, or government securities dealer or broker,
2. Investment company or other pooled investment vehicle (e.g., mutual fund, privatefund, etc.),
3. Another investment adviser or financial advisor,
4. Futures commission merchant, commodity pool operator, or commodity tradingadvisor,
5. Thrift institution,
6. Accountant or accounting firm,
7. Lawyer or law firm,
8. Pension consultant
9. Real estate broker or dealer,
10. Sponsor or syndicator of limited partnerships.
Clients always have the right to decide whether to purchase investment products or services through the third-party entity that Origin recommends to Clients. Recommendations of other Investment Advisers. Origin does not recommend or select other investment advisers for its Clients
Every employee of Origin must act in an ethical and professional manner. In view of the foregoing and applicable provisions of relevant law, Origin has determined to adopt a Code of Ethics to specify and prohibit certain types of transactions deemed to create conflicts of interest (or at least the potential for or the appearance of such a conflict), and to establish reporting requirements and enforcement procedures relating to personal trading by Origin personnel. Origin’s Code of Ethics, which specifically deals with professional standards, insider trading, personal trading, gifts and entertainment, and fiduciary duties, establishes ideals for ethical conduct based upon fundamental principles of openness, integrity, honesty, and trust.
The Firm will provide a copy of our Code of Ethics to any Client or prospective Client upon request.
Resolution of Conflicts of Interest. In the case of all conflicts of interest, Origin’s determination as to which factors are relevant, and the resolution of such conflicts, will be made using the Firm’s best judgment, but in its sole discretion. Origin seeks to address these potential conflicts through the use of:
• A robust Code of Ethics (which is described in Item 11.A, above).
• Annual requirement that employees complete a questionnaire detailing their other activities and potential conflicts.
• Requirement that employee’s pre-clear outside business activities (other than outside activities related to charities, non-profit organizations/clubs, civic/trade organizations).
• Disclosure of potential conflicts of interest and risks in this Form ADV.
Since Origin employees may also make use of Origin’s advisory services, there is a possibility that Origin’s employees may invest in the same securities that Origin also recommends to Clients. To resolve this conflict of interest, Origin employees will receive the same service as any other Client would. They will not receive any special pricing, access, information, treatment, or timing. Origin will only ever make recommendations to Origin employees strictly based on the employee’s financial background, investment objectives, and suitability, thus addressing the conflict that arises from personal trading. In other words, recommendations that Origin makes to a Client are never dependent upon another Client’s recommendations. Per item 12.4 in the Firm’s code of ethics, noOrigin employee may engage in what is commonly known as “front running” or “scalping:” buying or selling securities in an employee Covered Account, prior to Clients, in order to benefit from any price movement that may be caused by Client transactions or Origin’s recommendations regarding the security. No employee may buy or sell a security when he or she knows Origin is actively considering the security for purchase or sale (as applicable) in Client accounts. Employee transactions in options, derivatives or convertible instruments that are related to a transaction in an underlying security for a Client (“inter-market front-running”) are subject to the same restrictions.
Given that Origin employees may also utilize the Firm’s advisory services as Clients, there is a possibility that the Firm’s related persons would trade securities for their own accounts at the same time they are recommending the same securities for other Clients’ accounts. Please refer to Item11.C for an explanation of how this conflict of interest is addressed.
As discussed above, employees and related persons are subject to the Firm’s Code of Ethics.14The CCO has granted in the past, and may grant in the future, exceptions to the ‘Code of Ethics Personal Trading Restrictions’ and ‘Code of Ethics Personal Trading Pre clearance’ requirements outlined above.
For its financial planning services, Origin does not place trading orders or execute transactions on behalf of Clients. For the Origin Investment Account, the Firm will select and recommend broker dealers or custodians based on several factors, including, but not limited to, ease of administration, quality of execution and commission rates. Currently, Origin has elected to use Apex Clearing Corporation (“Apex”) as the broker-dealer/custodian for Client accounts.
Origin does not engage in any “soft dollar” practices involving the receipt of research or other brokerage service in connection with Client transactions.
Origin does not compensate or otherwise reward any brokers for Client referrals.
Origin does not permit a Client to direct brokerage.
For the Origin Investment Account service, whenever possible, the Firm aggregates the purchase and sale of securities for various Client accounts with similar orders in an effort to obtain the best pricing averages and minimize trading costs. Aggregating transactions of similar orders may provide Clients with better purchase/sale execution prices, lower commission expenses, better timing of transactions, or a combination of these factors.
Each account advised by the Firm has investment guidelines set forth in the documentation provided by Clients during onboarding and updated from time to time thereafter. It is the Firm’s policy to advise Client accounts in accordance with any objectives and guidelines imposed by theClient. If it is determined that a conflict between the investment strategy and the Client’s investment goals could arise, Origin will immediately contact the Client to explain the Firm’s opinion and collectively determine the proper steps to take.
Each Client’s account is periodically reviewed no less than annually for adherence to the Client’s objectives, restrictions, and portfolio structure guidelines and to confirm any material changes in their financial profile that would affect Origin’s recommendations to them. David Blaylock, Head of Planning Operations, performs the periodic reviews.
The Firm reviews Client accounts on a daily basis and rebalances when appropriate. During these reviews, the Firm confirms whether the allocations in each Client account are in accordance with the account’s respective model portfolio. Origin will typically rebalance Client accounts when an asset class is in excess of 7% from their recommended allocation. Apex sends Origin a list of proposed trades that would properly rebalance each Client’s account. Apex only executes the trades upon Origin’s approval. David Barta, Financial Planning Lead, performs the periodic reviews.
Intermittent reviews may be triggered by substantial market fluctuation, economic or political events, or by changes in Clients’ financial status (such as retirement, termination of employment, relocation, or inheritance).
Clients are advised to notify Origin promptly if there are any materials changes to their financial situations, investment objectives, or in the event they wish to place restrictions on their accounts.
For both the financial planning and Origin Investment Account services, the Firm provides allClients with continuous access to their profile via the Firm’s website, where Clients can access 16their financial profile and investment recommendations. The written reports include the account’s valuation and performance. The reports also include a summary of the holdings in a Client’s portfolio, along with an analysis of the portfolio’s progress in meeting the Client’s investment objectives. Clients will also receive periodic email communications describing portfolio performance and product features.
Origin does not receive any other compensation from any third party (other than Clients’employers) for the advisory services the Firm provides to its Clients.
Neither Origin nor its related persons directly or indirectly compensate any person who is not a supervised person for Client referrals.
Origin does not maintain custody of Client funds or securities. All Client funds and securities are maintained with a qualified custodian of the Client’s choosing.
The Firm maintains all Client funds and securities with Apex, a qualified custodian. Apex sends account statements directly to Clients on a monthly basis. Clients should carefully review these statements upon receipt. Though Origin does not send account statements directly to Clients, Clients may access written reports about their accounts on Origin’s website. Clients should compare the account statements they receive from Apex with the account statements Origin makes available on its website for any discrepancies.
Origin does not assume discretionary trading and investment authority over Client assets for theFirm’s Financial Planning services.
For advisory services related to the Origin Investment Account, the Firm does accept discretionary authority to manage securities accounts on behalf of Clients. Clients may not place any limitations on this authority. To grant discretionary authority to Origin, Clients must sign the InvestmentAdvisory Agreement during the onboarding process.
For its financial planning services, Origin will not have or accept authority to vote Client securities.Clients will receive their proxies or other solicitations directly from their custodian. Clients may not contact Origin with any questions about a particular solicitation.For the Origin Investment Account service, Origin does not have or accept authority to vote Clientsecurities because ETF shares have no associated voting rights.
Origin does not require or solicit prepayment of more than $1,200 in fees, or any fees for that matter, per Client six months or more in advance.Origin is not involved in any financial conditions that are reasonably likely to impair the Origin’s ability to meet contractual commitments to Clients.Origin has not been the subject of a bankruptcy within the past 10 years.
Blend Financial, Inc. dba Origin Financial (“We” or “Us”) is registered with the Securities andExchange Commission (SEC) as an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. 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.
We offer investment advisory services to retail (natural person) Clients in the form of financial planning. Once we collect information on your financial background, we give you recommendations on how you should manage your money. The advice we offer is limited toEquities, Bonds, ETFs, Mutual Funds, and Cash/Cash Equivalents. We may also make recommendations about insurance products, savings account origination, mortgage originations, investment account providers, and student loan refinance originations. We monitor each Client’s investments no less than annually as part of our standard services to check whether your portfolio is in line with your investment goals and restrictions. However, since we provide this service on anon-discretionary basis, you ultimately decide the purchase or sale of investments. There are no requirements for opening an account, and there is no minimum account size requirement.
We also offer investment advisory services to retail Clients who invest in the Origin Investment Account. For this service, we separately manage each client’s account based on a series of model portfolios. We maintain discretionary authority, which means you will invest in an account that we manage and monitor on your behalf. Each model portfolio is typically limited to ETFs but may also include cash and/or mutual funds. We invest Clients’ accounts according to the model portfolios’ investment strategy, and we will not tailor our investment advice or account management to your individual needs. As this is our only service offered to retail customers and our strategy may be appropriate only as one part of a diversified portfolio, you may require a relationship with another firm if you need more holistic brokerage or advisory services, including purchase/sale of individual securities. Other firms could offer a wider range of investment opportunities, some of which might have lower costs. We monitor each Client’s account as part of our standard services and when appropriate we rebalance the Client’s portfolio to fit their risk tolerance and investment objectives.
Additional Information about our firm, the services we provide, who we serve, and any relevant limitations can be found in Item 4 and Item 7 of our Form ADV Part 2A brochure, available atAdviserInfo.sec.gov.
Conversation Starters. Ask your financial professional—
“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?
For our financial planning services, we charge a flat monthly Service Fee that we calculate based on the number of employees from your employer. Your employer is responsible for this fee that is negotiated annually by contract. The monthly service fee is billed annually in advance. Though you are not subject to the Service fee, please note that your investment or retirement account may incur fees, which is outside our control. Since you must find your own custodian and brokerage firm to act on our investment advice, we do not earn or share the custodial or brokerage fees you may incur. We do not charge brokerage fees, custodian fees, mutual fund, and variable annuity expenses, or any other transaction fees and product-level fees.
If you invest in the Origin Investment Account, you will be subject to an annual management fee equal to 0.20% of the value of your account. You are responsible for trading costs and custodial or servicing costs assessed by the custodian. This fee structure presents a conflict of Page 2 of 2interest because the more assets you contribute to your account, the more you will pay in fees, and we therefore have an incentive to encourage you to increase the assets in your account.
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 detailed information about the fees you will pay, please refer to Item 5 of our Form ADV Part 2A brochure, available atAdviserInfo.sec.gov.
Conversation Starter. Ask your financial professional—
“Help me understand how these fees and costs might affect my investments. If I give you $100,000to invest, how much will go to fees and costs, and how much will be invested for me?”
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.
Our firm makes money from the flat Service Fee that your employer pays us for our financial planning services. We also make money by charging a management fee to Clients who invest in the Origin Investment Account.
Our financial advisors have personal accounts at our firm that are managed like yours and may also have personal accounts held and managed outside of our firm. Our financial professionals may have an incentive to favor their personal accounts over yours, which creates a conflict of interest.
Additional Information about our personal trading procedures and code of ethics for our financial professionals can be found in Item 11 of our Form ADV Part 2A brochure, available atAdviserInfo.sec.gov.
Conversation Starter. Ask your financial professional—
“How might your conflicts of interest affect me, and how will you address them?”
Our financial professionals earn a salary. They are not compensated based on the amount of Client assets they service, the time and complexity required to meet a Client’s needs, the product sold, product sales commissions, or revenue the firm earns from their advisory services or recommendations.
No. Visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
Conversation Starter. Ask your financial professional—
“As a financial professional, do you have any disciplinary history? For what type of conduct?”
If you would like additional, up-to-date information or a copy of this disclosure, please call203-258-0812 or send an email to info@useorigin.com or please refer to our ADV Part 2ABrochure available at AdviserInfo.sec.gov.
Conversation Starter. Ask your financial professional—
“Who is my primary contact person? Is he or she a representative of an investment adviser or abroker dealer? Who can I talk to if I have concerns about how this person is treating me?”
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Purpose: This cookie keeps track of sessions.
Provider: .useorigin.com
Service: Hubspot.com View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: 30 minutes
Name: __hstc
Purpose: The main cookie for tracking visitors.
Provider: .useorigin.com
Service: Hubspot.com View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: 5 months 27 days
Name: #collect
Purpose: Sends data such as visitor’s behavior and device to Google Analytics. It is able to keep track of the visitor across marketing channels and devices. It is a pixel tracker type cookie whose activity lasts within the browsing session.
Provider: www.useorigin.com
Service: Google Analytics View Service Privacy Policy
Country: United States
Type: pixel_tracker
Expires in: session
Name: _gid
Purpose: Keeps an entry of unique ID which is then used to come up with statistical data on website usage by visitors. It is a HTTP cookie type and expires after a browsing session.
Provider: .useorigin.com
Service: Google Analytics View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: 1 day
Name: _gat#
Purpose: Enables Google Analytics regulate the rate of requesting. It is a HTTP cookie type that lasts for a session.
Provider: .useorigin.com
Service: Google Analytics View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: 1 minute
Name: 11000971307/
Purpose: __________
Provider: www.useorigin.com
Service: __________
Country: United States
Type: pixel_tracker
Expires in: session
Name: _ga_#
Purpose: Used to distinguish individual users by means of designation of a randomly generated number as client identifier, which allows calculation of visits and sessions
Provider: .useorigin.com
Service: Google analytics View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: 1 year 11 months 29 days
Name: __hssrc
Purpose: Whenever HubSpot changes the session cookie, this cookie is also set to determine if the visitor has restarted their browser.
Provider: .useorigin.com
Service: Hubspot.com View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: session
Name: _ga
Purpose: It records a particular ID used to come up with data about website usage by the user. It is a HTTP cookie that expires after 2 years.
Provider: .useorigin.com
Service: Google Analytics View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: 1 year 11 months 29 days
Name: hubspotutk
Purpose: This cookie keeps track of a visitor's identity. It is passed to HubSpot on form submission and used when deduplicating contacts.
Provider: .useorigin.com
Service: Hubspot.com View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: 5 months 27 days
Name: __ptq.gif
Purpose: __________
Provider: www.useorigin.com
Service: __________
Country: United States
Type: pixel_tracker
Expires in: session
These cookies are used to make advertising messages more relevant to you. They perform functions like preventing the same ad from continuously reappearing, ensuring that ads are properly displayed for advertisers, and in some cases selecting advertisements that are based on your interests.
Name: _gcl_au
Purpose: Used by Google AdSense for experimenting with advertisement efficiency across websites using their services.
Provider: .useorigin.com
Service: AdSense View Service Privacy Policy
Country: United States
Type: http_cookie
Expires in: 2 months 29 days
Name: td
Purpose: Used to deliver targeted adverts to users based on browsing activity. It is a HTTP cookie.
Provider: www.useorigin.com
Service: UnrulyX View Service Privacy Policy
Country: United States
Type: pixel_tracker
Expires in: session
Name: IDE
Purpose: Used to measure the conversion rate of ads presented to the user. Expires in 1.5 years.
Provider: .doubleclick.net
Service: DoubleClick View Service Privacy Policy
Country: United States
Type: server_cookie
Expires in: 1 year 11 months 29 days
Name: test_cookie
Purpose: A session cookie used to check if the user’s browser supports cookies.
Provider: .doubleclick.net
Service: DoubleClick View Service Privacy Policy
Country: United States
Type: server_cookie
Expires in:
15 minutes
These are cookies that have not yet been categorized. We are in the process of classifying these cookies with the help of their providers.
Name: cb_anonymous_id
Purpose: __________
Provider: .useorigin.com
Service: __________
Country: United States
Type: http_cookie
Expires in: 11 months 30 days
Name: cb_group_id
Purpose: __________
Provider: .useorigin.com
Service: __________
Country: United States
Type: http_cookie
Expires in: 11 months 30 days
Name: _cfuvid
Purpose: __________
Provider: .zoominfo.com
Service: __________
Country: United States
Type: server_cookie
Expires in: session
Name: visitorId
Purpose: __________
Provider: .ws.zoominfo.com
Service: __________
Country: United States
Type: http_cookie
Expires in: 11 months 30 days
Name: cb_user_id
Purpose: __________
Provider: .useorigin.com
Service: __________
Country: United States
Type: http_cookie
Expires in: 11 months 30 days
Name: debug
Purpose: __________
Provider: www.useorigin.com
Service: __________
Country: United States
Type: html_local_storage
Expires in: persistent
Name: cb_user_traits
Purpose: __________
Provider: www.useorigin.com
Service: __________
Country: United States
Type: html_local_storage
Expires in: persistent
Name: cb_group_properties
Purpose: __________
Provider: www.useorigin.com
Service: __________
Country: United States
Type: html_local_storage
Expires in: persistent
As the means by which you can refuse cookies through your web browser controls vary from browser to browser, you should visit your browser's help menu for more information. The following is information about how to manage cookies on the most popular browsers:
In addition, most advertising networks offer you a way to opt out of targeted advertising. If you would like to find out more information, please visit:
Cookies are not the only way to recognize or track visitors to a website. We may use other, similar technologies from time to time, like web beacons (sometimes called "tracking pixels" or "clear gifs"). These are tiny graphics files that contain a unique identifier that enables us to recognize when someone has visited our Website or opened an email including them. This allows us, for example, to monitor the traffic patterns of users from one page within a website to another, to deliver or communicate with cookies, to understand whether you have come to the website from an online advertisement displayed on a third-party website, to improve site performance, and to measure the success of email marketing campaigns. In many instances, these technologies are reliant on cookies to function properly, and so declining cookies will impair their functioning.
Websites may also use so-called "Flash Cookies" (also known as Local Shared Objects or "LSOs") to, among other things, collect and store information about your use of our services, fraud prevention, and for other site operations.
If you do not want Flash Cookies stored on your computer, you can adjust the settings of your Flash player to block Flash Cookies storage using the tools contained in the Website Storage Settings Panel. You can also control Flash Cookies by going to the Global Storage Settings Panel and following the instructions (which may include instructions that explain, for example, how to delete existing Flash Cookies (referred to "information" on the Macromedia site), how to prevent Flash LSOs from being placed on your computer without your being asked, and (for Flash Player 8 and later) how to block Flash Cookies that are not being delivered by the operator of the page you are on at the time).
Please note that setting the Flash Player to restrict or limit acceptance of Flash Cookies may reduce or impede the functionality of some Flash applications, including, potentially, Flash applications used in connection with our services or online content.
Third parties may serve cookies on your computer or mobile device to serve advertising through our Website. These companies may use information about your visits to this and other websites in order to provide relevant advertisements about goods and services that you may be interested in. They may also employ technology that is used to measure the effectiveness of advertisements. They can accomplish this by using cookies or web beacons to collect information about your visits to this and other sites in order to provide relevant advertisements about goods and services of potential interest to you. The information collected through this process does not enable us or them to identify your name, contact details, or other details that directly identify you unless you choose to provide these.
We may update this Cookie Policy from time to time in order to reflect, for example, changes to the cookies we use or for other operational, legal, or regulatory reasons. Please therefore revisit this Cookie Policy regularly to stay informed about our use of cookies and related technologies.
The date at the top of this Cookie Policy indicates when it was last updated.
If you have any questions about our use of cookies or other technologies, please email us at hereforyou@useorigin.com or by post to:
Blend Financial Inc. DBA Origin Financial
177 Huntington Avenue Ste 1703, PMB 50966
Boston, MA 02115-3153
United States
Phone: (US)(617) 227-3825
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