A. Background CCM Investment Advisers, LLC (“CCM”) is an independent investment advisory firm
established in 1986 by Fowler W. Cary, Jr., who passed away in February, 2019. The principal
owners of the firm as of the date of this brochure are The Big Dog Family Preservation Trust
[Trustees: Carlynn E. Cary, Amanda Cary Antonovich and Stephen D. Kirkland, CPA, CMC,
CFF] and the Estate of Fowler W. Cary, Jr.
B. Services Provided 1. Portfolio Management Services CCM manages a variety of equity, fixed income, and balanced accounts for institutional and
individual investors. CCM utilizes fundamental analysis in the selection of equity and fixed
income securities, employing a range of strategies as described in more detail in Item 8 below.
CCM manages every client account as a separate portfolio based on that client’s investment
objectives. Through the use of an investment policy statement, written investment instructions
or the “CCM Client Investment Parameters” worksheet, the investment objectives and any client-
imposed limitations are loaded into CCM’s proprietary Total Portfolio Management System
(TPMS). Utilizing the TPMS, each portfolio manager is able to view investment objectives,
client-imposed restrictions and other limitations, and risk profiles for each client as their
individual account is managed. Each client may impose restrictions on investing in certain
securities, types of securities, or asset classifications.
In addition to making its services available to clients through direct advisory arrangements, CCM
may also act as subadviser to other registered investment advisers or banks (each a “primary
adviser”). In such cases, the primary adviser appoints CCM to manage all or a portion of a
client’s account. CCM does not charge subadvised clients separately for CCM’s management
services, but rather, receives a portion of the fee charged by the primary adviser. CCM currently
has subadvisory arrangements with South State Bank, and may enter into such arrangements with
other primary advisers in the future.
2. Portfolio Management Through Wrap-Fee and Other Programs.
CCM participates as a portfolio manager in various wrap-fee programs. Under such programs, a
program sponsor (a registered broker-dealer and investment adviser that is not affiliated with
CCM) assists the client in selecting a portfolio manager, effects purchases and sales of securities
for the client’s account, acts as custodian of the client’s assets, monitors the portfolio manager’s
performance and provides periodic reports to clients. The wrap program sponsor charges one
bundled or “wrap” fee for all these services, and pays a portion of that fee to the portfolio
manager. CCM currently participates in wrap-fee programs sponsored by Envestnet Asset
Management, Inc., Wells Fargo Advisors, LLC, and FDx Advisors Inc.
CCM has other arrangements with clients whereby CCM contracts directly with and charges the
client for portfolio management services, and the client contracts separately with a broker-dealer
(or a dually registered broker-dealer/investment adviser) for portfolio execution and custody, as
well as, in some cases, recordkeeping, non-discretionary investment advice, including manager
selection and other services that are provided to the client for an asset-based or some form of
bundled fee.
The process by which CCM makes investment decisions in wrap-fee and other program accounts
is the same as the process used for all its managed accounts. In all cases, CCM utilizes the Total
Portfolio Management System described above.
3. Portfolio Model Services
In addition to managing client portfolios, CCM also offers non-discretionary purchase and sell
recommendations in the form of model portfolios for other financial professionals to use with
their own clients. CCM currently provides this service through the Unified Overlay
Management Program operated by FDx Advisors Inc.
4. Consulting Services
As a separate service, CCM offers monthly client consultations that may include economic
forecasts, interest rate forecasts, and other investment and finance discussions, data and forecasts
as the client deems pertinent.
C. Assets Managed As of December 31, 2018, CCM managed client assets totaling $2,771,750,348 on a
discretionary basis. CCM does not manage assets on a non-discretionary basis.
please register to get more info
A. Fees Paid to CCM 1. Portfolio Management Services Client Fees are based on the fair market value of all assets under management in the respective
portfolio. Annual fee schedules are as follows:
Equity/Balanced Accounts Market Value of Managed Assets Annual Fee
Up to $ 5,000,000 0.75%
Next $ 5,000,000 0.60%
Over $ 10,000,000 0.50%
Over $ 30,000,000 0.25%
Fixed Income Accounts Market Value of Managed Assets Annual Fee
Up to $ 5,000,000 0.50%
Next $ 5,000,000 0.45%
Over $ 10,000,000 0.40%
Over $ 30,000,000 0.20%
In certain cases, advisory fees are negotiable depending on a variety of special factors that are
based on a client's particular circumstances. Additionally, CCM will from time to time,
negotiate flat-rate fees for investment supervisory services.
As explained above, in some cases CCM manages client assets as a subadviser, is paid a portion
of the investment management fee received by the primary adviser and does not charge the client
directly. Likewise, where CCM participates in a wrap-fee program, it is compensated by the
wrap fee plan sponsor from the bundled fee charged to clients. The advisory fees it earns on
such accounts range from 0.30% to 0.50%, based on the program and the strategy selected.
The specific manner in which CCM’s fees are charged is established in a client’s written
agreement with CCM. CCM will generally bill its fees on a quarterly basis, in arrears, although
Clients may elect to be billed in advance. Clients may also elect to be billed directly for fees or
to authorize the custodian to debit fees from client accounts. Management fees may be prorated
for each capital contribution and withdrawal made during the applicable calendar quarter under
certain circumstances. Accounts initiated or terminated during a calendar quarter will be charged
a prorated fee. Upon termination of any account, any prepaid, unearned fees will be promptly
refunded, and any earned, unpaid fees will be due and payable.
2. Portfolio Model Services
The fees for providing model portfolios are subject to negotiation, and are based on the total
assets with respect to which such model portfolios are used. CCM currently charges 0.40% for
its CCM Equity model portfolio.
3. Consulting Services
CCM generally charges $20,000 per quarter for its client consultation service.
B. Other Fees or Expenses Clients May Pay CCM’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which shall be incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, third party investment and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. A complete description of brokerage and custodial fees can be obtained from the
respective brokerage firm or custodian. CCM does not receive any portion of these
commissions, fees, and costs. As noted above, some of CCM’s clients have entered into
arrangements whereby some of all of the fees described in this section may be charged on an
asset-based fee or other bundled basis.
In addition to the foregoing, clients may incur additional expenses in the event that CCM
purchases mutual funds or exchange-traded funds for the client accounts. Such funds charge
their own internal management fees which are disclosed in the funds’ prospectuses.
Item 12 of this brochure further describes the factors that CCM considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions). Item 12 also describes factors clients should consider in
evaluating various brokerage arrangements.
please register to get more info
CCM does not charge any performance-based fees (fees based on a share of capital gains on or
capital appreciation of the assets of a client).
please register to get more info
CCM provides portfolio management services to individuals, high net worth individuals,
corporate pension and profit-sharing plans, Taft-Hartley plans, charitable institutions,
foundations, endowments, municipalities, trust programs, sovereign funds, and other U.S. and
international institutions, entities, or individuals.
please register to get more info
CCM utilizes fundamental analysis in the securities selection process. Investment strategies are
established based on each client’s risk tolerance as specified in writing by the client on the
“CCM Client Investment Parameters” form, accompanying the CCM Investment Advisory
Agreement, through written instructions, or on an Investment Policy Statement. Investment
strategies include, but are not limited to: “CCM Money Markets”, “CCM Bonds”, “CCM Low
Risk Balanced”, “CCM Moderate Risk Balanced”, “CCM Core Balanced”, “CCM Core
Balanced Plus”, “CCM Core Equity”, “CCM Tech Select Equity,” and “CCM International
Equity.”
CCM utilizes exchange-traded funds, equity, and fixed-income securities as appropriate for each
specific investment strategy. While our objective is to maximize return for a given risk, there is
a material risk that, because of factors known or unknown to CCM, the securities selected for the
client could lose all of their value. Investing involves market, geopolitical, industry-specific,
company-specific, environmental, and other forms of risk. Investments in bonds entail interest-
rate risk (the risk that a rise in interest rates will cause the price of the bond to fall) and credit
risk (the risk of default).
The client is advised that no guarantees are made with regards to account performance. Investing
in securities involves risk of loss that clients should be prepared to bear.
please register to get more info
CCM is not actively engaged in any business other than giving investment advice, and it does not
sell products or services other than investment advice to clients. CCM is neither registered nor
seeking to be registered in any capacity other than as an investment adviser, and the only
registration status of CCM’s management personnel is that of investment adviser representative.
please register to get more info
Trading A. Code of Ethics CCM has adopted a Code of Ethics for all supervised persons of the firm describing its high
standard of business conduct and establishing as a priority, the fiduciary duty to our clients. The
Code of Ethics includes provisions relating to the confidentiality of client information, a
prohibition on insider trading, a prohibition of rumormongering, restrictions on the acceptance of
significant gifts and the reporting of certain gifts and business entertainment items. The Code of
Ethics also establishes personal securities trading reporting and preclearance procedures, among
other things. All supervised persons at CCM must acknowledge the terms of the Code of Ethics
annually, or as amended.
A copy of our Code of Ethics is available, without charge, to clients and prospective clients upon
request.
B. Participation or Interest in Client Transactions This item does not pertain to our business.
C. Personal Trading From time to time, CCM’s supervised persons may buy and sell for their personal accounts the
same securities that CCM purchases for client accounts, and the personal trades may occur at or
around the same time as the client trades. This situation presents a potential conflict between the
supervised persons’ interests and the interests of our clients. In order to address this potential
conflict, the CCM Code of Ethics and related procedures are designed to ensure that the interests
of our clients come first.
In this regard, the CCM Code of Ethics is designed to prevent the firm’s supervised persons from
improperly trading on inside information. Supervised persons must preclear any personal trades
in initial public offerings (IPOs), limited partnerships and other limited offerings. With limited
exceptions (such as for mutual funds and US Treasury bonds, etc.), supervised persons must
report their securities holdings and trading activity to CCM’s Chief Compliance Officer, who
reviews the records to ensure that personal trades do not compromise the integrity of the services
CCM provides to clients.
D. CCM Client Privacy Policy The employees and systems of CCM will always be governed by service of the best interest of
our clients. CCM restricts access to nonpublic personal information about our clients to those
employees who need to know that information to provide products or services to that client. We
maintain physical, electronic, and procedural safeguards to guard all nonpublic personal
information. Please refer to the CCM Privacy Notice appended at the end of this Brochure for
more information about the types of nonpublic personal information we collect about clients and
how we use that information.
please register to get more info
A. Selecting Broker-Dealers As a discretionary investment manager, CCM has the authority to determine which securities are
to be bought or sold and the amount to be bought or sold for its portfolio management clients. In
a very limited number of cases, CCM is also authorized to select broker-dealers for client
transactions and to negotiate commission rates paid on such trades on clients’ behalf.
CCM uses its best judgement and experience to choose brokers who will seek to obtain favorable
prices and executions on securities transactions. In addition, CCM may consider the quality,
accuracy and efficiency of trade executions, access to inventory, the size and complexity of a
particular transaction, the level of service provided by the broker-dealer, and as described further
in the next section, the availability of ancillary research services.
It is CCM’s policy that the firm will not, acting as principal, buy any securities from or sell any
securities to an advisory client. CCM may, from time to time, and only when in the best interest
of each client involved, purchase securities that are being sold from a managed account through a
nonrelated broker-dealer, for the account of another client.
B. Soft-Dollar Practices CCM may place securities transactions with brokers that provide securities and statistical
investment research information, other research services, and other services that aid the
investment decision-making process, in arrangements designed to qualify under the safe harbor
provided by Section 28(e) of the Securities Exchange Act of 1934. Such research services,
information, and other services are expected to enhance the general portfolio management
capabilities of CCM and will be, in the good-faith judgement of CCM, in the overall best interest
of its clients’ accounts.
Typical research and statistical assistance provided by brokers includes: analysts’ reports on
companies and industries, market forecasts, macro-economic analysis, industry forecasts,
historical company financial data, quotation services, computer databases and software, and
industry trade publications. The benefits realized from research services and data received from
brokerage institutions accrue to all of our clients, not just the clients whose commissions pay for
them. Brokers who provide research service may charge higher commissions than those who do
not.
Please be advised that while CCM believes that the ancillary research services it receives from
brokers enhance its general portfolio management capabilities and ultimately benefit clients,
such arrangements might also be seen to confer a benefit on us, because we do not have to
produce or pay for the research services we receive in this way. For this reason, the SEC
requires us to disclose that we may have an incentive to select or recommend a broker-dealer
based on our interest in receiving research rather than on client’s interest in receiving the most
favorable execution.
In order to protect clients’ interest, CCM will periodically evaluate the services provided by
brokers. Factors to be used in evaluating research services include the diversity of sources,
market experience, analytical ability, professional stature and reputation, financial conditions,
past performance, execution capabilities, and integrity. This process may result in the client’s
paying more than the lowest commission rate per share on trades.
Some services which aid in the investment decision-making process may have other uses that are
not entirely investment decision-making related, such as administrative functions. Registrant
will reimburse the brokers, which provide such services, for the administrative portion of such
services based on a good-faith estimate of the cost of the pro-rata use of those services for
administrative purposes.
C. Recommending Broker-Dealers If a client requests, CCM will recommend broker-dealers/custodians with whom clients may
establish relationships. CCM typically offers suggestions for low-cost “execution-only” broker-
dealers, “mid-priced” broker-dealers and “full-service” broker-dealers. While none of these
broker-dealers is affiliated with CCM, some of the broker-dealers have referred clients to CCM
in the past and may continue to do so in the future, which presents a potential conflict of interest.
CCM addresses this potential conflict by not having formal arrangements or understandings that
CCM will recommend broker-dealers in exchange for referrals of clients, and by giving the client
the ability to select the broker-dealer that best suits their objectives and needs.
D. Directed Brokerage Except with regard to the limited number of clients who have authorized CCM to select broker-
dealers on their behalf, CCM’s clients enter into their own arrangements with the broker-dealers
and custodians of their choosing and direct CCM to execute trades for their accounts with firms
so selected. While this allows clients to satisfy their specific needs and preferences, it does
present some important issues of which clients should be aware.
When a client instructs CCM to direct trading for the client’s account to a particular broker-
dealer, CCM’s ability to seek best execution may be compromised, because we will not trade with
other broker-dealers for the client’s account and our ability to negotiate the commission rates
charged to the account may be limited or eliminated. As a result of this brokerage direction, in
some cases, the account may pay higher commissions, receive less favorable net prices or pay more
administrative costs than it would otherwise. The disparity between the commissions a directed
account pays and those available through other broker-dealers may be substantial. When a client
negotiates a commission rate with a custodian/broker-dealer, they may not be receiving the
lowest possible rate.
Furthermore, directed accounts may not be eligible to participate in favorable block trades that
CCM could effect if accounts authorized us to select broker-dealers. Where fixed-income securities
are bought or sold for an account, the client may pay a commission in addition to a mark-up or
mark-down on the securities as a result of the directed brokerage situation.
From time to time the broker-dealers recommended to and/or selected by clients may offer clients
the option to pay for brokerage and custody services by means of asset-based or fixed fees instead
of commissions or other transaction-based fees. In reviewing possible fee arrangements with
broker-dealers, clients should consider a number of factors, including the size of the portfolio and
nature of the securities held; investment objectives and financial resources; past and anticipated
trading practices, including trading volume; the client’s knowledge of securities markets and
financial capabilities; the projected cost of the arrangement and how that compares to the cost of
paying for executions on a per-trade basis; the services provided; and personal preferences,
including the desire for certainty or predictability of fees. The cost of the asset-based fee
arrangement may be more or less than the cost of a commission-based brokerage account.
Clients also should know that the broker-dealers they have selected may have referred their
accounts or other investment management accounts to CCM. As noted above, although we do not
have formal referral agreements with broker-dealers, we do, from time to time, receive referrals
from client-directed broker-dealers. Such referrals create a potential conflict between our clients'
interests in obtaining best execution on their trades and our interest in receiving future referrals.
Upon request, we will tell you if your account has been referred to us by the broker-dealer you have
selected.
E. Bundling of Trades In certain circumstances, CCM will aggregate trades for the same broker-dealer to benefit clients
through increased trading efficiency. However, because there are multiple portfolio managers
who make individual investment decisions in their respective client portfolios at different times,
there will be instances when like trades are transmitted for execution at different times in the
same trading day to the same broker-dealer. This may result in situations where similar accounts
receive different execution prices, different fees, and different commission rates, on the same
day. Accordingly, every reasonable effort is made to ensure that we are acting in the best
interest of our clients.
please register to get more info
Each account is reviewed by one of the Portfolio Managers on a regular basis. All investment
advisory accounts are reviewed on a routine monthly cycle. Managers are alerted by the Total
Portfolio Management System (TPMS) of changes such as cash inflows or outflows as they
occur. Also, on an as needed basis, in addition to the routine monthly review, accounts are
reviewed when changes are indicated in asset mix, equity selection, or fixed income selection.
These actions will be appropriately reflected in each individual account. The reviewers (all of
whom are officers of the company in addition to being Portfolio Managers) are: Robert F. Key,
Chief Fixed Income Strategist, Chris W. Antley, Chief Investment Officer and Chief Equity
Strategist, Michael A. Burkett, Head Trader, John D. Leaphart, Chief Compliance Officer,
Austin S. Fulmer, International Economic Analyst, and Joe H. Giltner, US Economic Analyst.
On a calendar quarter basis, all clients are furnished an investment review that includes the
following: time weighted rate of return for total account and components, individual securities
cost basis and market value, summary of investments, income rate, current yield, purchase and
sale summary, income and expense summary, and a contributions and withdrawals schedule for
the current quarter. Unrealized gain/loss schedules are provided on a quarterly basis upon
request. Realized gain/loss schedules are provided with the year-end statement.
please register to get more info
A. CCM is not afforded any economic benefit other than the fee based on assets under management described in item 5.
B. Neither CCM nor a related person directly or indirectly compensates any person for client referrals. However, as discussed in Item 12 above, CCM may effect portfolio transactions
with broker-dealers who have referred advisory clients to CCM.
please register to get more info
CCM does not have custody of client funds or securities. CCM maintains an independent
accounting system reflecting initial positions and regular transactions as directed for execution or
as advised by the respective custodian. Our client accounting department produces statements on
a quarterly basis as referenced elsewhere in this document.
Clients should receive at least quarterly statements from the broker dealer, bank or other
qualified custodian that holds and maintains client’s investment assets. CCM urges you to
carefully review such statements and compare such official custodial records to the account
statements that we may provide to you. Our statements may vary from custodial statements
based on accounting procedures, reporting dates, or valuation methodologies of certain
securities. Should you have any question about differences between the respective statements,
we encourage you to contact us, or your custodian.
please register to get more info
CCM receives discretionary authority from the portfolio management clients at the outset of an
advisory relationship to select the identity and amount of securities to be bought or sold. In all
cases, however, such discretion is to be exercised in a manner consistent with the stated
investment objectives for the particular client account.
When selecting securities and determining amounts, CCM observes the investment policies,
limitations and restrictions of the clients for which it advises.
Investment guidelines and restrictions must be provided to CCM in writing along with an
executed contract and all required documentation before we will assume investment discretion.
please register to get more info
Proxy Voting Policy CCM will accept responsibility to vote client securities when directed in writing. In all matters,
CCM will act in the best interest of, and with the purpose of increasing the wealth of the
shareholders, (i.e. our clients). If any material conflict of interest is discovered between CCM’s
interests and those of the client, it will be disclosed to the client and the proxy will be voted in
the client’s best interest. Accordingly, the voting decisions will be evaluated on a case-by-case
basis, and guided by common sense and the prudent man principle. Clients may direct CCM to
vote the proxy of a particular security in any manner that they desire, provided those instructions
are made in writing and are received in a timely manner. CCM’s proxy voting records and proxy
voting policies and procedures are available upon request.
please register to get more info
This item does not pertain to our business.
Supervised Persons
CCM Investment Advisers, LLC
1201 Main Street, Suite 1910
Columbia, SC 29201
803-254-9500
www.CCMINC.com
Brochure Supplement Revised 03/26/18
This Brochure Supplement provides information about Robert F. Key, Christopher W. Antley, Michael A. Burkett, Rebecca F. Rhodes, John D. Leaphart, Joe H. Giltner, II and Austin S. Fulmer, all of whom provide investment advice on behalf of CCM Investment Advisers, LLC. It supplements the CCM Investment Advisers, LLC Brochure. You should have received a copy of that Brochure. Please contact CCM Investment Advisers, LLC if you did not receive our Brochure or if you have any questions about the contents of this supplement. These documents are available in electronic or hard copy. Please contact us for a copy of either document at the above telephone number or via email at: [email protected]. Robert Frazer Key-1958 Item 2- Educational Background and Business Experience Furman University, BA Political Science 1980; University of South Carolina, MBA with
concentration in Finance, 1982. Chartered Financial Analyst (CFA), November 2001
Companion Capital Management, Inc., Senior Vice President, October 1998-August 2001, CCM
Investment Advisers, LLC, Senior Vice President, Chief Fixed Income Strategist August 2001-
February 2019, President, Chief Fixed Income Strategist March 2019-Present.
To earn the CFA charter, you must successfully pass through the CFA Program, administered by
the CFA Institute, a graduate-level self-study program that combines a broad curriculum with
professional conduct requirements, culminating in three sequential exams. CFA Institute is a
global, not-for-profit organization comprising the world’s largest association of investment
professionals.
Item 3- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or
disciplinary events that would be material to your evaluation of each supervised person
providing investment advice. No information is applicable to this Item.
Item 4- Other Business Activities This individual has no other material business activities.
Item 5- Additional Compensation This individual does not receive economic benefit in the form of prizes or sales awards or
Mr. Key’s investment adviser-related activities are supervised by the investment committee,
which is made up of all portfolio managers. Mr. Key is also supervised by CCM’s Chief
Christopher Wilson Antley-1965 University of South Carolina, BS Finance, 1988; University of South Carolina, MBA with
concentration in Finance and Investments, 1990.
Companion Capital Management, Inc., Senior Vice President may 1990-August 2001, CCM
Investment Advisers, LLC, Senior Vice President, Chief Equity Strategist, August 2001-Present.
Item 3- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or
disciplinary events that would be material to your evaluation of each supervised person
providing investment advice. No information is applicable to this Item.
Item 4- Other Business Activities This individual has no other material business activities.
Item 5- Additional Compensation This individual does not receive economic benefit in the form of prizes or sales awards or
Item 6 - Supervision Mr. Antley’s investment adviser-related activities are supervised by the investment committee,
which is made up of all portfolio managers. Mr. Antley is also supervised by CCM’s Chief
Michael Anthony Burkett-1973 University of South Carolina, BS Business Finance, 1998; Chartered Financial Analyst
(CFA),September 2003.
Companion Capital Management, Inc. Vice President, July 1998-August 2001, CCM Investment
Advisers, LLC, Vice President, Chief Trader, August 2001-February 2019, Senior Vice
President, Chief Trader, March 2019-Present.
To earn the CFA charter, you must successfully pass through the CFA Program, administered by
the CFA Institute, a graduate-level self-study program that combines a broad curriculum with
professional conduct requirements, culminating in three sequential exams. CFA Institute is a
global, not-for-profit organization comprising the world’s largest association of investment
professionals.
Item 3- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or
disciplinary events that would be material to your evaluation of each supervised person
providing investment advice. No information is applicable to this Item.
Item 4- Other Business Activities This individual has no other material business activities.
Item 5- Additional Compensation This individual does not receive economic benefit in the form of prizes or sales awards or
Mr. Burkett’s investment adviser-related activities are supervised by the investment committee,
which is made up of all portfolio managers. Mr. Burkett is also supervised by CCM’s Chief
Rebecca Folline Rhodes-1973 University of South Carolina, BS Business Management and Marketing, 1995
Companion Capital Management, Inc., Regional Marketing Director January 2001-August 2001,
CCM Investment Advisers, LLC., Regional Marketing Director, August 2001-Present
Item 3- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or
disciplinary events that would be material to your evaluation of each supervised person
providing investment advice. No information is applicable to this Item.
Item 4- Other Business Activities This individual has no other material business activities.
Item 5- Additional Compensation This individual does not receive economic benefit in the form of prizes or sales awards or
compensation for sales, client referrals, or new accounts from any entity other than CCM
Investment Advisers, LLC. However, they have the potential to earn additional economic
benefit, in the form of an annual bonus, which is based in part, on the number or amount of sales,
client referrals, or new accounts. Through shared ownership in the profitability of the firm,
CCM Investment Advisers’ investment professionals have a clear vested interest in the long-term
success of our clients.
Ms. Rhodes’ investment adviser-related activities are supervised by the investment committee,
which is made up of all portfolio managers. Ms. Rhodes is also supervised by CCM’s Chief
John David Leaphart-1970 Clemson University, BS Business Management 1992
Emory University, Goizueta Business School. MBA 2014
Companion Capital Management, Inc. Vice President, Chief Trader July 1994-August 2001,
CCM Investment Advisers, LLC, Vice President, August 2001-January 2006. Mr. Leaphart was
employed by Netjets Aviation, Inc. as a Line Captain between 2001 and 2009. Netjets Aviation,
Inc. is a subsidiary of the Berkshire Hathaway Company.
CCM Investment Advisers, LLC., Vice President, July 2009-Present. Chief Compliance Officer
December 2011-Present.
Item 3- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or
disciplinary events that would be material to your evaluation of each supervised person
providing investment advice. No information is applicable to this Item.
Item 4- Other Business Activities Mr. Leaphart is the President and owner of Leading Edge Consulting, LLC of South Carolina.
The sole business of Leading Edge Consulting, LLC is or relates to aviation operations
consulting.
Item 5- Additional Compensation This individual does not receive economic benefit in the form of prizes or sales awards or
Mr. Leaphart’s investment adviser-related activities are supervised by the investment committee,
which is made up of all portfolio managers. Mr. Leaphart is also supervised by CCM’s
President, Robert F. Key and the CCM Trustees. You can reach Mr.Key at 803-254-9500.
Joe Harvey Giltner, II – 1987
Darla Moore School of Business, University of South Carolina, BS Business Administration
2011. Chartered Financial Analyst (CFA),July 2016.
CCM Investment Advisers, LLC, Intern- June 2011 – December 2011
CCM Investment Advisers, LLC, Assistant Vice President- December 2011-August 2016, Vice
President-August 2016-Present.
To earn the CFA charter, you must successfully pass through the CFA Program, administered by
the CFA Institute, a graduate-level self-study program that combines a broad curriculum with
professional conduct requirements, culminating in three sequential exams. CFA Institute is a
global, not-for-profit organization comprising the world’s largest association of investment
professionals.
Item 3- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or
disciplinary events that would be material to your evaluation of each supervised person
providing investment advice. No information is applicable to this Item.
Item 4- Other Business Activities This individual has no other material business activities.
Item 5- Additional Compensation This individual does not receive economic benefit in the form of prizes or sales awards or
Mr. Giltner’s investment adviser-related activities are supervised by the investment committee,
which is made up of all portfolio managers. Mr. Giltner is also supervised by CCM’s Chief
Austin Scott Fulmer – 1988 Darla Moore School of Business, University of South Carolina, BS Business Administration
CCM Investment Advisers, LLC, Intern- May 2009 – August 2011
CCM Investment Advisers, LLC, Assistant Vice President- September 2011- Present
Item 3- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or
disciplinary events that would be material to your evaluation of each supervised person
providing investment advice. No information is applicable to this Item.
Item 4- Other Business Activities This individual has no other material business activities.
Item 5- Additional Compensation This individual does not receive economic benefit in the form of prizes or sales awards or
compensation for sales, client referrals, or new accounts. Through shared ownership in the
profitability of the firm, CCM Investment Advisers’ investment professionals have a clear vested
interest in the long-term success of our clients.
Item 6 - Supervision Mr. Fulmer’s investment adviser-related activities are supervised by the investment committee,
which is made up of all portfolio managers. Mr. Fulmer is also supervised by CCM’s Chief
Rev. 04/12/2017
FACTS WHAT DOES CCM INVESTMENT ADVISERS, LLC DO WITH YOUR PERSONAL INFORMATION?
Why?
Financial companies choose how they share your personal information. Federal law gives
consumers the right to limit some but not all sharing. Federal law also requires us to tell you
how we collect, share, and protect your personal information. Please read this notice carefully to
understand what we do.
What?
The types of personal information we collect and share depend on the product or service you
have with us. This information can include:
Social Security number and income
assets and transaction history
investment experience and risk tolerance
When you are
no longer our customer, we continue to share your information as described in
this notice.
How? All financial companies need to share customers’ personal information to run their everyday
business. In the section below, we list the reasons financial companies can share their
customers’ personal information; the reasons CCM Investment Advisers, LLC chooses to share
and whether you can limit this sharing.
Reasons we can share your personal information Does CCM Investment Advisers LLC share? Can you limit this sharing? For our everyday business purposes– such as to process your transactions, maintain
your account(s), respond to court orders and legal
investigations, or report to credit bureaus
Yes No
For our marketing purposes–
to offer our products and services to you
No No
For joint marketing with other financial companies No We don’t share
For our affiliates’ everyday business purposes–
information about your transactions and experiences
No We don’t share
For our affiliates’ everyday business purposes–
information about your creditworthiness
No We don’t share
For nonaffiliates to market to you No No
Questions? Call 803-254-9500 or contact [email protected] Page 2 What we do How does CCM Investment Advisers, LLC protect my personal information? To protect your personal information from unauthorized access
and use, we use security measures that comply with federal law.
These measures include computer safeguards and secured files and
buildings.
How does CCM Investment Advisers, LLC collect my personal information? We collect your personal information, for example, when you
open an account or give us contact information
enter into an investment adviser contract or give us your income
information
tell us about your investment or retirement portfolio
We also collect your personal information from other companies.
Why can’t I limit all sharing? Federal law gives you the right to limit only sharing for affiliates’ everyday business purposes—information
about your creditworthiness
affiliates from using your information to market to you
sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to
limit sharing
Definitions Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.
CCM Investment Advisers, LLC
has no affiliates
Nonaffiliates Companies not related by common ownership or control. They can be
financial and nonfinancial companies.
CCM Investment Advisers, LLC does not share with nonaffiliates so
they can market to you Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
CCM Investment Advisers, LLC does not jointly market
please register to get more info
Open Brochure from SEC website