ATTUCKS ASSET MANAGEMENT, LLC
- Advisory Business
- Fees and Compensation
- Performance-Based Fees
- Types of Clients
- Methods of Analysis
- Disciplinary Information
- Other Activities
- Code of Ethics
- Brokerage Practices
- Review of Accounts
- Client Referrals
- Custody
- Investment Discretion
- Voting Client Securities
- Financial Information
Introduction
Attucks Asset Management, LLC (“Attucks”) was formed in 2001 and specializes in developing portfolios composed of emerging managers designed to allow institutional investors the opportunity to invest with minority- and women-owned, smaller and newer investment managers (emerging manager –of-managers or “EMOM”) in a risk-controlled environment.
Principal Owners
For the purpose of this section, Attucks defines its principal owners as any person directly owning 25% or more of Attucks as disclosed on Schedule A of Part 1A as of date of the last update filing. Leslie F. Bond, Jr. is the sole direct owner of Attucks with 100% capital ownership.
Investment Advisory Services
Attucks’s current investment advisory services consist of active investment management of EMOM portfolios. In this capacity, Attucks selects and monitors emerging investment advisers (“sub-advisors”) who manage assets of corporate and institutional pension plans invested in separate accounts. Typical investment advisory services Attucks provides include: - developing appropriate investment policies, objectives and guidelines for clients’ separate accounts, consistent with client investment objectives; - identifying, selecting, and retaining emerging investment managers, including minority/women-owned investment advisers to serve as its sub-advisors; - allocating client assets among those sub-advisors; - monitoring the performance and operations of sub-advisors to ensure its clients’ portfolios comprised of other managers meet overall client investment objectives; and - client reporting. All sub-advisors selected by Attucks are registered investment advisers under the Investment Advisers Act of 1940.
Attucks Types of Investments, Methods of Analysis, Sources of Information and
Investment Strategies
Generally, Attucks does not provide advice to clients on the purchase or sale of any particular domestic (U.S.) security or type of securities (e.g., stocks or bonds) nor does Attucks provide specific security analysis. However, as an EMOM, Attucks retains sub- advisors, to manage client assets in separate accounts in accordance with its guidelines, and its clients’ guidelines established through the investment agreement and in consultation with the client. The guidelines are based on a target index as well as the risk and return objectives. The types of investments selected by Attucks’s sub-advisors for client portfolios include exchange-listed securities; securities traded over-the-counter, foreign issues, corporate debt securities (other than commercial paper), mutual fund shares, and United States Government securities. Individual sub-advisors use fundamental and technical analysis for selecting client investments. Attucks evaluates potential sub- advisors based on their personnel, philosophy, investment process and performance.
Client Assets
Attucks manages client assets on a discretionary and non-discretionary basis. As of December 31, 2019, Attucks managed 9 accounts with $1,857,274,250 in total assets under management distributed as follows: Number of
Accounts
Assets Under
Management
Discretionary 7 $ 1,68,775,130
Non-Discretionary 1 $ 169,523,120
[Remainder of page left blank intentionally] please register to get more info
Attucks’s fee for separately managed accounts is established with the client on a case-by- case basis and set forth in the investment management agreement. Fees are calculated and billed quarterly, in arrears. Fees are based on the market value, or fair market value in the absence of market value, of the client’s account at the end of the quarter as reported by the account custodian, which determination shall be dispositive unless otherwise agreed. Accounts initiated or terminated during a calendar quarter are charged a prorated fee. Upon termination of any account, any earned, unpaid fees are due and payable. All Attucks fees are subject to negotiation. Attucks’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 advisers and other third parties such as third-party investment adviser fees, 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. The specific calculation methodology in which fees are charged by Attucks is established in a client’s written agreement with Attucks. Attucks’s fees for active manager-of-managers investment advisory services range from 0.72% of the market value of the assets under management for the individual portfolio to 0.20% based on total assets. These fees are inclusive of the fees paid to the sub-advisors hired by Attucks. please register to get more info
Attucks does not charge performance-based fees. Our advisory fees are only charged as disclosed above in Item 5. please register to get more info
Attucks provides portfolio management services to institutional clients including pension plans (but not the plan participants), state or municipal government entities, corporations and insurance companies. The account minimum for an institutional client account is $2 million. Attucks reserves the right in its sole discretion to waive account minimums under certain circumstances. please register to get more info
Investment Strategy and Method of Analysis Material Risks
Attucks performs investment advisory services as an EMOM. Attucks selects primarily emerging and/or women- or minority-owned investment managers to manage a portion of a client portfolio. These investment managers are responsible for selecting and trading securities for each client portfolio. Attucks’s investment strategy as an EMOM is to select and strategically combine appropriate investment managers to serve as sub-advisors based upon the manager’s investment style and determine the optimal asset allocation for each of these managers. The method of analysis in creating a multi-manager client portfolio focuses on the process of selecting the particular set of managers given the client’s objectives and determining the appropriate allocation to each manager. Attucks consults with each client to determine its investment objectives which are ultimately reflected in the selected benchmark. Based upon these objectives, Attucks, in consultation with the client, drafts investment guidelines for the client’s overall Attucks portfolio. These investment guidelines typically include the portfolio objectives, portfolio benchmark, manager criteria, liquidity needs, target rate of return and risk profile. Attucks then selects a group of potential investment managers utilizing a proprietary manager database and other outside resources. Attucks prepares specific guidelines based upon the overall client guidelines for each investment manager selected for a client portfolio determined by the investment strategy of the individual investment manager. Attucks evaluates potential sub-advisors based on their personnel, philosophy, process and performance. Each manager considered for a client portfolio undergoes extensive due diligence to assess the manager’s investment and business risks.
General Investment Risks
All investment programs have certain risks that are borne by the investor. Attucks’s investment approach constantly keeps the risk of loss in mind. However, investing in securities involves risk of loss that investors should be prepared to bear. Investors face the following general investment risks primarily through investments with sub-advisors or investment managers Attucks selects: Market Risk: The price of a security, bond, or mutual fund may drop in reaction to tangible and intangible events and conditions. This type of risk is caused by external factors independent of a security’s particular underlying circumstances. For example, political, economic and social conditions may trigger market events. Attucks’ clients will be subject to these market risks through the portfolios managed by the sub-advisors. (i) Manager performance risk - Individual managers selected for a client portfolio may not achieve the level of performance required in the investment guidelines. (ii) Manager business risk - These risks are associated with an investment manager’s ability to maintain business operations. (iii) Potential for fraud/abuse by underlying managers – Attucks monitors managers but cannot act as guarantor; (iv) Attucks’s due diligence may reveal certain issues – Attucks will do its best to identify issues but, in the event, that it does not discover such issues, clients could be negatively affected; (v) Liquidity – the risk stemming from the lack of marketability of an investment offered by the underlying managers that cannot be bought or sold quickly enough to prevent or minimize a loss. please register to get more info
Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to the evaluation of Attucks or the integrity of Attucks’s management. Attucks has no information applicable to this Item. please register to get more info
A. No Attucks employees are registered, or have an application pending to register, as a broker-dealer or a registered representative of a broker-dealer. B. No Attucks employees are registered, or have an application pending to register, as a futures commission merchant, commodity pool operator or a commodity trading advisor. C. Attucks owns 100% of the membership interest of Capital Prospects, LLC, another registered investment adviser. D. Attucks only receives compensation directly from clients. Attucks does not receive compensation from any outside source and has no conflicts of interest with any outside party. please register to get more info
Summary of Code of Ethics
Attucks has adopted a Code of Ethics for all employees of the firm describing its high standard of business conduct, and fiduciary duty to its clients. The Code of Ethics includes provisions relating to the confidentiality of client information, a prohibition on insider trading, restrictions on the acceptance of significant gifts and the reporting of certain gifts and business entertainment items and personal securities trading procedures, among other things. A copy of Attucks’s Code of Ethics is available to clients and prospective clients upon request.
Personal and Internal Transactions
Attucks provides investment advisory services via a manager-of-managers strategy and the sub-advisors selected are typically responsible for selecting securities for client accounts. Although it is possible that affiliated persons may trade in the same securities as sub- advisors, they would have no direct knowledge of such trades until after the trade is executed due to the nature of the EMOM structure. Attucks, from time to time may directly manage client assets pending a transition of assets to a sub-advisor account. The Code of Ethics provides that Attucks employees are generally prohibited from purchasing or selling securities for their personal account during such periods. In addition, Attucks’s employees are prohibited from directly investing with sub-advisors selected by Attucks for client portfolios without prior approval of the Chief Compliance Officer. please register to get more info
As an EMOM, Attucks provides discretionary and non- discretionary investment advisory services to its clients by identifying, selecting, hiring and monitoring the performance of a group of emerging sub-advisors who in turn make investment decisions without consultation with Attucks. These sub-advisors remain subject to overall investment guidelines and policies established by Attucks and its clients. The investment discretion exercised by the sub-advisors Attucks retains typically includes determining which securities are bought and sold for the accounts, the total amount of the securities to be bought and sold, the brokers with whom orders for the purchase or sale of securities are placed for execution and the price per share and the commission rates at which securities transactions are executed. The sub-advisors’ investment discretion in making these determinations may be limited by investment guidelines or other policies imposed by Attucks. Since Attucks provides investment advisory services as an EMOM, Attucks generally is not directly responsible for the selection of brokers but rather provides each sub-advisor with the responsibility for selecting brokers and dealers for execution of transactions on behalf of its client. Although the sub-advisors will be responsible for the selection of executing brokers, certain clients may mandate or encourage the sub-advisors to use the services of brokers identified by the client. Attucks may ask its sub-advisors to use their best efforts to reasonably direct a portion of its brokerage commissions to women or minority-owned brokerage firms, subject to best execution. Attucks, however, generally does not direct brokerage to any brokerage firm. Attucks anticipates providing similar services to future clients with similar responsibilities and guidelines. In performance of its investment advisory services as an EMOM, Attucks, from time to time may directly manage client assets pending a transition of assets to or among a sub- advisor(s) account. In such situations Attucks may engage the services of a transition manager to execute trades for the transaction. When a client directs, Attucks will select the transition manager based upon several factors including the best combination of price and intermediary value from the inception to the completion of the transaction, with the goal of maximizing the value of our client's portfolio within the client's stated investment objectives and constraints. Attucks typically engages in asset transitions at least once a year for each of its client portfolios. Since Attucks provides investment advisory services as an EMOM, Attucks’s sub-advisors rather than Attucks generally execute of transactions on behalf of its clients. And while Attucks does not directly aggregate purchase and sale of securities for client accounts, as part of its on-going due diligence, Attucks will seek to ensure that its sub-advisors purchase and sale practices are cost efficient for the client. please register to get more info
Certain designated staff members of Attucks regularly review the investment decisions, portfolio activities and investment performance of the investment advisory firms Attucks retains to manage its client accounts via an EMOM strategy. These staff members also review the transactions of the underlying sub-advisors and reconcile these transactions and report to the client on a regular basis as requested by the individual clients. The Chief Executive Officer and the Chief Investment Officer have overall responsibility for conducting manager and client account reviews. Attucks’s staff assists the Chief Executive Officer and the Chief Investment Officer in these reviews. Attucks’s staff also conducts a routine review of the sub-advisors and client accounts on at least a quarterly and annual basis. Attucks also reviews sub-advisors and client accounts as circumstances warrant. Reporting for our clients varies by relationship, but generally clients receive written monthly and/or quarterly investment performance reports which include the market value of the portfolio, rates of return for specified time periods and comparisons to appropriate investment performance benchmarks. Clients also receive account statements directly from the clients’ third-party custodian depending on the particular client’s agreement with its custodian. please register to get more info
Attucks does not receive compensation from anyone other than its client for providing investment advice. Neither Attucks nor any related person of Attucks directly or indirectly compensates any person who is not a supervised person of Attucks for client referrals. please register to get more info
Attucks generally does not have custody over its clients’ funds or securities. Clients should receive at least quarterly statements from the broker-dealer, bank or other qualified custodian that holds and maintains clients’ investment assets. Attucks urges its clients to carefully review such statements and compare such official custodial records to the account statements that we may provide to the client. Our statements may vary from custodial statements based on accounting procedures, reporting dates, or valuation methodologies of certain securities. please register to get more info
Attucks typically receives discretionary authority from the client at the outset of an advisory relationship as set forth in the relevant investment advisory agreement. As an EMOM, Attucks provides discretionary investment advisory services to its clients by identifying, selecting, hiring and monitoring the performance of a group of emerging investment managers who in turn make investment decisions without consultation with Attucks. These underlying managers remain subject to overall investment guidelines and policies established by Attucks consistent with the investment objectives for each particular client account. The investment discretion exercised by the sub-advisors Attucks retains typically includes determining which securities are bought and sold for the accounts, the total amount of the securities to be bought and sold, the brokers with whom orders for the purchase or sale of securities are placed for execution and the price per share and the commission rates at which securities transactions are executed. The sub-advisors’ investment discretion in making these determinations may be limited by investment guidelines or other policies imposed by Attucks and its clients. Attucks’s investment advisory agreements typically provide that in certain circumstances, such as funding a new portfolio or upon termination of a sub-advisor, Attucks may assume the investment discretion typically exercised by the sub-advisor as set forth above on a temporary basis. please register to get more info
Consistent with its role as an EMOM, Attucks’s policy is to delegate proxy voting responsibilities to the underlying managers/sub-advisors, subject to the Attucks’s continued oversight. Subject to specific directions from a client to the contrary, each sub- advisor will generally vote all proxies relating to securities held by each account in accordance with the proxy voting policies and procedures adopted by each sub-advisor in conformance with Rule 206(4)-6 under the Advisers Act. As part of Attucks’s initial and on- going due diligence, Attucks will seek to ensure that the sub-advisors have adopted proxy voting policies. Attucks includes any specific proxy voting policies mandated by a client in the written guidelines prepared for the individual sub-advisors selected for a client portfolio or provide the sub-advisor the client’s proxy voting policy if available. Additionally, Attucks conducts monitoring and supervisory activities appropriate to oversee the sub-advisors’ proxy voting policies and procedures. Attucks may from time to time, directly manage client assets pending a transition of assets to a new sub-advisor. In such situations Attucks may engage the services of a transition manager and will become directly involved in transactions for client accounts. Prior to such transactions, Attucks will consult with the client and delegate proxy voting authority to the client’s custodian or the transition manager. please register to get more info
Registered investment advisers are required in this Item 18 to provide you with certain financial information or disclosures about their financial condition. Attucks has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to clients, and has not been the subject of a bankruptcy proceeding. Leslie F. Bond, Jr.: March 2020 Page 1 of 3
Form ADV Part 2B
BROCHURE SUPPLEMENT
Leslie F. Bond, Jr.
Attucks Asset Management, LLC 321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January 29, 2020
This Brochure Supplement provides information about Leslie F. Bond, Jr. that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Chief Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Leslie F. Bond, Jr.: March 2020
ITEM 2: EDUCATIONAL AND BUSINESS EXPERIENCE
Leslie F. Bond, Jr.
(b. 1957), Chief Executive Officer Education A.B. degree, Princeton University (1979) J.D. and M.M. in Finance and Marketing, Northwestern University (1983)
Business Background Chief Executive Officer, (9/2010 to present), Attucks Asset Management, LLC Senior Managing Director (8/2001 - 9/2010), Attucks Asset Management, LLC Senior Managing Director, (10/1996 -12/2008), Columbia Capital Management, LLC
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities Les Bond, through his ownership of Attucks, controls Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership. Mr. Bond is not engaged in any other business or occupation. Leslie F. Bond, Jr.: March 2020 Mr. Bond is not engaged in any other business or occupation.
ITEM 6: SUPERVISION
Attucks Chief Executive Officer and Chief Compliance Officer are responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, as Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO Patrick J. Silvestri: January 2020
Patrick J. Silvestri
321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January 29, 2020
This Brochure Supplement provides information about Patrick J. Silvestri that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Patrick J. Silvestri: January 2020
Patrick J. Silvestri
(b. 1976), Chief Investment Officer Education BS, Finance, Northern Illinois (1999) MBA, Kellstadt School of Business, DePaul University (2005)
Business Background Chief Investment Officer, (11/2014 to present), Attucks Asset Management, LLC Senior Vice President (6/2013 to 11/2014), Attucks Asset Management, LLC Vice President (3/2011 to 5/2013), Attucks Asset Management, LLC Consultant, (3/1999 – 2/2011), Mercer Investment Consulting
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities
Patrick Silvestri, from time to time, may perform advisory services for Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership. Mr. Silvestri is not engaged in any other business or occupation. Patrick J. Silvestri: January 2020 Mr. Silvestri does not receive any economic benefit from any non-advisory client for the
ITEM 6: SUPERVISION
Attucks Chief Executive Officer is responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, as Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO Vennie Lyons: January 2020
Vennie Lyons
321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January 29, 2020
This Brochure Supplement provides information about Vennie Lyons that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Chief Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Additional information about Attucks registered representatives is available on the SEC’s Vennie Lyons: January 2020
Vennie Lyons
(b. 1979), Managing Director Education BS, Business Management, Morehouse College (2001) MBA, Kellogg School of Management, Northwestern University (2010)
Business Background Managing Director, (12/2016 to present), Attucks Asset Management, LLC Senior Vice President (7/2016 to 12/2016), Attucks Asset Management, LLC Vice President (1/2010 to 7/2016), Attucks Asset Management, LLC
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities
Vennie Lyons, from time to time, may perform advisory services for Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership.
Mr. Lyons is not engaged in any other business or occupation. Mr. Lyons does not receive any economic benefit from any non-advisory client for the Vennie Lyons: January 2020
ITEM 6: SUPERVISION
Attucks Chief Executive Officer is responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, as Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO Catherine G. Sweeney: January 2020
Catherine G. Sweeney
321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January 29, 2020
This Brochure Supplement provides information about Catherine G. Sweeney that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Catherine G. Sweeney: January 2020
Catherine G. Sweeney
(b. 1953), Managing Director Education B.A. in Mathematics, Marist College (1975)
Business Background Managing Director, (9/2010 to present), Attucks Asset Management, LLC Senior Vice President (3/2009 to 9/2010), Attucks Asset Management, LLC Managing Director (8/2005 to 3/2009), MAXAM Capital Management LLC
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities
Catherine Sweeney, from time to time, may perform advisory services for Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership. Ms. Sweeney is not engaged in any other business or occupation. Ms. Sweeney does not receive any economic benefit from any non-advisory client for the Catherine G. Sweeney: January 2020
ITEM 6: SUPERVISION
Attucks Chief Executive Officer and Chief Compliance Officer are responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, as Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO Winston Blake: January 2020
Winston R. Blake, Jr.
321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January 29, 2020
This Brochure Supplement provides information about Winston Blake that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Winston Blake: January 2020
Winston R. Blake, Jr.
(b. 1980), Managing Director Education BS, Communications Studies , Northwestern University (2003) MBA, Kellogg School of Management, Northwestern University (2009)
Business Background Managing Director, (01/2019 to present), Attucks Asset Management, LLC Vice President (10/2011 to 12/2018), Attucks Asset Management, LLC Investment Associate (2007 to 9/2011), Chase Capital Corporation (JP Morgan Chase Bank) Commercial Banker (2005 to 2007), JP Morgan Chase Bank Credit Analyst (2003 to 2005), BankOne Corporation
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities
Winston Blake, from time to time, may perform advisory services for Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership. Mr. Blake is not engaged in any other business or occupation. Winston Blake: January 2020 Mr. Blake does not receive any economic benefit from any non-advisory client for the
ITEM 6: SUPERVISION
Attucks Chief Executive Officer is responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, as Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO Mariya Nikolova: January 2020
Mariya Stoyanova Nikolova
321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January 29, 2020
This Brochure Supplement provides information about Mariya Nikolova that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Mariya Nikolova: January 2020
Mariya Stoyanova Nikolova
(b. 1984), Vice President Education BA, Economics, Lake Forest College (2007) CFA Charterholder (2014) CAIA Charterholder (2015)
Business Background Vice President (4/2016 - Present), Attucks Asset Management, LLC Senior Associate, (3/2013 – 4/2016), Mercer Investment Consulting Associate, (3/2011 – 3/2013), Mercer Investment Consulting Analyst, (6/2007 – 3/2011), Mercer Investment Consulting
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities
Mariya Nikolova, from time to time, may perform advisory services for Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership. Mariya Nikolova is co-owner of Domaci LLC. Mariya Nikolova: January 2020 Mariya Nikolova does not receive any economic benefit from any non-advisory client for the provision of advisory services.
ITEM 6: SUPERVISION
Attucks Chief Executive Officer is responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO Marilyn R. Freeman: January 2020
Marilyn R. Freeman
321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January ___ 2020
This Brochure Supplement provides information about Marilyn R. Freeman that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Marilyn R. Freeman: January 2020
Marilyn R. Freeman
(b. 1953), Managing Director/Chief Strategy Officer Education BA, State University of New York at Stony Brook (1974) MBA, Connecticut School of Business (1984)
Business Background Managing Director/Chief Strategy Officer, (2020 to present), Capital Prospects LLC Principal & Manager, (2001 to 2019), Capital Prospects LLC Executive Vice President, (1995 to 2001), Northern Trust Global Advisors
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities
Marilyn Freeman is the Managing Director/Chief Strategy Officer, of Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership. Ms. Freeman is not engaged in any other business or occupation. Ms. Freeman does not receive any economic benefit from any non-advisory client for the Marilyn R. Freeman: January 2020
ITEM 6: SUPERVISION
Attucks Chief Executive Officer is responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, as Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO Form ADV Part 2B: Brochure Supplement Elizabeth Knope: January 2020
Elizabeth A. Knope
321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January 29, 2020
This Brochure Supplement provides information about Elizabeth Knope that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Form ADV Part 2B: Brochure Supplement Elizabeth Knope: January 2020
Elizabeth A. Knope
(b. 1947), Managing Director/Chief Strategy Officer Education BA, Skidmore College (1969) MBA, Boston University Graduate School of Management (1978)
CFA Charter holder
Business Background Managing Director/Senior Research Advisor, (2020 to present), Capital Prospects, LLC Principal & Manager, (2002 to 2019), Capital Prospects LLC Executive Vice President, (1995 to 2002), Northern Trust Global Advisors
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities
Elizabeth Knope is the Managing Director/Senior Research Advisor of Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership. Ms. Knope is not engaged in any other business or occupation. Form ADV Part 2B: Brochure Supplement Elizabeth Knope: January 2020 Ms. Knope does not receive any economic benefit from any non-advisory client for the
ITEM 6: SUPERVISION
Attucks Chief Executive Officer is responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, as Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO Karen A. Mair: January 2020
Karen A. Mair
321 North Clark Street, Suite 740 Chicago, Illinois 60654 312-422-9900 www.attucksfunds.com January 29, 2020
This Brochure Supplement provides information about Karen A. Mair that supplements Attucks’s brochure. You should have received a copy of that brochure. Please contact Attucks’s Compliance Officer, Derek Talley at 312-422-9900 or [email protected], if you did not receive Attucks’s brochure or if you have any questions about the contents of this supplement. Karen A. Mair: January 2020
Karen A. Mair
(b. 1966), Managing Director Education BA, Trinity College (1988) MPP-Finance, Harvard University (1991)
Business Background Managing Director, (1/2020 to present), Attucks Asset Management LLC Managing Director/Associate Research Director/Portfolio Manager, (1/2019 to present), Capital Prospects LLC Associate Research Director, (12/2016 to 12/2018), Capital Prospects LLC Senior Research Associate, (12/2014 to 12/2016), Capital Prospects LLC Research Associate, (2012 to 2014), Capital Prospects LLC Director (1995 to 2006), Merrill Lynch & Co
ITEM 3: DISCIPLINARY INFORMATION
No Attucks Supervised Persons have had any material legal or disciplinary events in their past. Clients and prospective clients can view the CRD records (registration records) for Attucks Principals and its Compliance Officer through the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov.
ITEM 4: OTHER BUSINESS ACTIVITIES
A. Investment-Related Activities
Karen Mair is the Managing Director/Associate Research Director/Portfolio Manager at Capital Prospects LLC (“Capital Prospects”), another investment advisor. Attucks and Capital Prospects provide advisory services in complementary asset classes and are also affiliated entities through common ownership. Ms. Mair is not engaged in any other business or occupation. Karen A. Mair: January 2020 Ms. Mair does not receive any economic benefit from any non-advisory client for the
ITEM 6: SUPERVISION
Attucks Chief Executive Officer is responsible for supervision of Attucks and its Supervised Persons. Attucks uses a team approach in managing client accounts and has implemented a Code of Ethics and internal compliance that guide each Supervised Person in meeting his or her fiduciary obligations to Attucks clients. All portfolio management decisions are made by Attucks Investment Committee comprised of Les Bond, Jr., Patrick Silvestri, Vennie Lyons, Marilyn Freeman and Karen Mair. Portfolio management decisions as well as portfolio transactions are also reviewed and monitored by Attucks’ risk management group which operates independent of the Investment Committee. Patrick Silvestri, as Chief Investment Officer, supervises a review of accounts as a whole each quarter. Advisory clients may contact Les Bond directly.
Leslie F. Bond, Jr., CEO please register to get more info
Open Brochure from SEC website
Assets | |
---|---|
Pooled Investment Vehicles | |
Discretionary | $1,687,751,130 |
Non-Discretionary | $169,523,120 |
Registered Web Sites
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