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American Century ® Investment Planner Service Brochure Investment Planner Service Brochure May 30, 2021 American Century Investments® Private Client Group 4500 Main Street Kansas City, Missouri 64111 (800) 345-2021 www.americancentury.com This brochure (this “Brochure”) provides information about the qualifications and business practices of the American Century Investment Planner Service, an advisory service offered by American Century Investments Private Client Group, Inc. If you have any questions about the contents of this Brochure, please contact us at (800) 345-2021. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission (the “SEC”) or by any state securities authority. Additional information about American Century Investments Private Client Group, Inc. is also available on the SEC’s website at www.adviserinfo.sec.gov. Registration with the SEC does not imply a certain level of skill or training. Item 2 – Table of Contents Part 2A of Form ADV Item 1 Cover Page ......................................................................... 1 Item 2 Table of Contents .................................................................... 2 Item 3 Material Changes .................................................................... 3 Item 4 Advisory Business ................................................................... 3 Item 5 Fees and Compensation.............................................................. 4 Item 6 Performance-Based Fees and Side-By-Side Management................................ 5 Item 7 Types of Clients ..................................................................... 6 Item 8 Methods of Analysis, Investment Strategies, and Risk of Loss ............................ 6 Item 9 Disciplinary Information .............................................................. 7 Item 10 Other Financial Industry Activities and Affiliations ....................................... 7 Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ........ 8 Item 12 Brokerage Practices ................................................................. 8 Item 13 Review of Accounts .................................................................. 9 Item 14 Client Referrals and Other Compensation .............................................. 9 Item 15 Custody ............................................................................ 9 Item 16 Investment Discretion ................................................................ 9 Item 17 Voting Client Securities............................................................... 9 Item 18 Financial Information................................................................. 9 Part 2B of Form ADV Supervised Persons Information........................................................... 11-14 Part 2A of Form ADV Item 3 – Material Changes time horizon, financial circumstances, the client’s market The Supervised Persons list was updated since the initial views or outlook, changes to the client’s retirement plan disclosure brochure dated July 1, 2020. services, fees or investment performance. The Service is a non-discretionary service, and, therefore, clients are American Century Investments will provide our clients with under no obligation to accept any of the asset allocation a new Brochure as necessary based on changes or new or rollover advice or fund recommendations provided by information, at any time, without charge. Our Brochure is American Century Investments Private Client Group through also available upon request, free of charge. the Service and American Century Investments is not authorized to implement these recommendations without client consent. Additional information about us is also available via the SEC’s web site www.adviserinfo.sec.gov. The SEC’s web An American Century Investments representative will site also provides information about any persons affiliated review the Investment Plan and/or Rollover Plan, including with us who are registered, or are required to be registered, the underlying fund recommendations, with the client as our investment adviser representatives. and is available to help with implementing the plan. Clients can implement part or all the plan on their own Item 4 – Advisory Business with American Century funds directly or through accounts Summary held with brokers, dealers or advisors not affiliated with American Century Investments Private Client Group, Inc. American Century Investments. Clients can also build (American Century Investments) was organized in 2017 to offer their own portfolio of mutual funds and/or individual discretionary investment management to individuals, trusts, securities with American Century or another financial estates, charitable organizations, and business entities. In 2020 firm to match the asset allocation created by the Service. American Century Investments Private Client Group began Ownership offering the Planner Service described here (the “Service”). American Century Investments is a wholly-owned subsidiary The Service is a non-discretionary investment advisory of American Century Companies, Inc. (“ACC”). ACC has a service that provides single, point-in-time advice. The resulting multi class capital structure under which certain classes have recommendation (“Investment Plan”) from this Service will be for different voting rights. Accordingly, as of January 31, 2021, an asset allocation of investments and corresponding, specific ACC’s owners were as follows: American Century Investments mutual funds that can create this investment asset allocation (“Investment Planner Service”). The Shareholder Equity Interest Voting Interest Investment Planner Service is limited to that asset allocation of Stowers Institute for 42% 48% investments and corresponding American Century mutual funds. Medical Research* The Investment Planner Service does not consider or advise on Nomura Holdings, Inc.** 40% 10% any non-American Century mutual fund. Current Employees 18% 42% The Service can also be used separately to compare investment and Others options within certain retirement plans to American Century *Includes shares held by Stowers Resource Management Inc. mutual funds held in individual retirement accounts (“Rollover ** Shares are directly owned by Nomura AM Holdings USA, LLC, an indirect subsidiary of Nomura Holdings, Inc. Planner Service”). The resulting recommendation from the Rollover Planner Service (“Rollover Plan”) is limited to Stowers Resource Management Inc. (“SRM”) is a “supporting comparing the client’s current plan investment options, fees organization” (as that term is defined in the Internal Revenue and services to potential American Century mutual funds Code), and as such, a public charity. Its primary function as a held within an individual retirement account (“IRA”) held legal entity is to support the Stowers Institute for Medical with the American Century mutual funds’ transfer agent. Research (“SIMR”). Jim and Virginia Stowers founded SIMR in 1994 as a not-for-profit institute dedicated to benefiting The Service is a single, point-in-time service. The Investment humankind through basic research on genes and proteins that Plan, Rollover Plan and corresponding agreement expire thirty control fundamental processes in living cells to unlock the (30) calendar days after the client completes the Investment mysteries of disease (including cancer) and find the keys to Planner or Rollover Planner questionnaire either online or with their causes, treatment, and prevention. It is one of the largest a representative. Therefore, neither the Investment Plan nor endowments in the world among private basic biomedical the Rollover Plan account for any subsequent changes to the research institutions. Through its ownership interest, SRM is client’s financial planning, investment goals, comfort with risk, entitled to over forty percent of all dividends paid by ACC. 3 All active employees of ACC and its subsidiaries also implement the Plans, including after such Plans have expired. participate in the ownership of the firm. A partial implementation of the Plans, or implementation after the expiration of the Plans or a change in the client’s financial Since May 19, 2016, Nomura Holdings, Inc. (“Nomura”) has situation or circumstances, is inconsistent with the Plans and held a minority interest in ACC and holds two of eleven seats may result in a different risk profile than the Plans considered. on ACC’s board of directors. From investment management Clients must take action in order to implement the Plans. and general business perspectives, however, ACC and Nomura are legally and operationally independent and distinct. American Century Investments does not monitor client portfolios for any reason related to the Service. American Questionnaires Century Investments and its affiliates have no discretion with respect to the implementation of any Plan, including a For the Investment Planner Service, Clients complete a particular savings or withdrawal strategy. We will not monitor or questionnaire about the client’s investment and retirement manage any investments made or accounts opened by the goals, current financial situation, investable assets, contribution client, whether with American Century Investments or any of rate, retirement time horizon, investment experience and its affiliates or elsewhere, in order to implement the Plans, nor comfort with risk (the “Investment Planner Questionnaire”). will we make any trades in or adjustments to the client’s Clients can complete the
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