Item 1: Cover Page. Part 2B of Form ADV: Brochure Supplement

Transcription

1 Item 1: Cover Page Part 2B of Form ADV: Brochure Supplement Naples Money Management, LLC Tamiami Trail North Naples, Florida Date of Brochure Supplement: October 14, 2014 Dennis D. Nelson This brochure supplement provides information about Dennis D. Nelson that supplements the Naples Money Management, LLC brochure. You should have received a copy of that brochure. Please contact Dawn Litchfield Brown at the number above if you did not receive Naples Money Management s brochure or if you have any questions about the contents of this supplement. Additional information about Dennis D. Nelson is available at the SEC s website at

2 Item 2: Educational Background and Business Experience Dennis Nelson was born in 1941 and entered the investment field with a national firm in He served as a Branch Manager before joining Dawn Litchfield Brown to form Litchfield Asset Management where he was a partner. He has been a Member of Naples Money Management LLC since its inception in March of He received a BS from California State Polytechnic University and an MBA from the University of Missouri with a concentration in Finance. He is the Chief Investment Officer for Naples Money Management and analyst for specific investments. Item 3: Disciplinary Information A: Criminal or civil action: not applicable B: Administrative proceedings: Naples Money Management registered as an investment advisor with the Securities and Exchange Commission, but inadvertently failed to Notice file with the State of Florida. Mr. Nelson signed a stipulation and consent agreement with the State of Florida s Office of Financial Regulation and paid a fine to the state in response to the state s allegations that he engaged in an investment advisory business from offices within the state without the benefit of lawful registration. Naples Money Management LLC was created to take over the business of its predecessor firm. The reason for this reversion to an independent company was a result of the company (purchaser) defaulting on a note that was part of the consideration paid to Mr. Nelson and to Ms. Litchfield Brown for the sale of their company. At all times Naples Money Management conducted its business in compliance with all state and federal regulations covering the conduct of an investment advisory business, and at no time was there any harm to its customers. C. Self-regulatory organization proceeding: not applicable Item 4: Other Business Activities 1) Mr. Nelson as of the date of this brochure is not actively engaged in any investmentrelated business or occupation, including being registered, or having an application to register, as a broker-dealer, registered representative of a broker-dealer, futures commission merchant ( FCM ), commodity pool operator ( CPO ), commodity trading advisor ( CTA ), or an associated person of an FCM, CPO or CTA. 2) Mr. Nelson is not as of the date of this brochure actively engaged in any business or occupation for compensation not discussed in Item C.1 above. Item 5: Additional Compensation Mr. Nelson is not providing advisory services for economic benefit to anyone who is not a client of Naples Money Management as of the date of this brochure.

3 Item 6: Supervision Mr. Nelson s activities are supervised by Dawn Litchfield Brown. We supervise Mr. Nelson and monitor the advice he provides to clients by requiring that he adhere to our firm s policies and procedures, including our Code of Ethics, and by performing periodic reviews of his activities to ensure compliance with our policies and procedures. Ms. Litchfield Brown can be reached at the main number for Naples Money Management, (239)

4 Item 1: Cover Page Part 2B of Form ADV: Brochure Supplement Naples Money Management, LLC Tamiami Trail North Naples, Florida Date of Brochure Supplement: October 14, 2014 Dawn Litchfield Brown This brochure supplement provides information about Dawn Litchfield Brown that supplements the Naples Money Management, LLC brochure. You should have received a copy of that brochure. Please contact Dennis Nelson, at the number above if you did not receive Naples Money Management s brochure or if you have any questions about the contents of this supplement. Additional information about Dawn Litchfield Brown is available at the SEC s website at

5 Item 2: Educational Background and Business Experience Dawn Litchfield Brown was born in She attended the Community College of Vermont, Springfield and holds an AA Degree Educational Background Dawn Litchfield Brown entered the investment field with a national firm in 1982 where she remained until founding Litchfield Asset Management, later Litchfield, Nelson & Co. Naples Money Management LLC was formed in March As Managing Member, she is responsible for the conceptual design of clients personal financial plans and specializes in estate & tax planning. Item 3: Disciplinary Information A: Criminal or civil action: not applicable B: Administrative proceedings: Naples Money Management registered as an investment advisor with the Securities and Exchange Commission, but inadvertently failed to Notice file with the State of Florida. Ms. Litchfield Brown signed a stipulation and consent agreement with the State of Florida s Office of Financial Regulation and paid a fine to the state in response to the state s allegations that she engaged in an investment advisory business from offices within the state without the benefit of lawful registration. Naples Money Management LLC was created to take over the business of its predecessor firm. The reason for this reversion to an independent company was a result of the company (purchaser) defaulting on a note that was part of the consideration paid to Mr. Nelson and to Ms. Litchfield Brown for the sale of their company. At all times Naples Money Management conducted its business in compliance with all state and federal regulations covering the conduct of an investment advisory business, and at no time was there any harm to its customers. C. Self-regulatory organization proceeding: not applicable Item 4: Other Business Activities A) Ms. Litchfield Brown as of the date of this brochure is not actively engaged in any investment-related business or occupation, including being registered, or having an application to register, as a broker-dealer, registered representative of a broker-dealer, futures commission merchant ( FCM ), commodity pool operator ( CPO ), commodity trading advisor ( CTA ), or an associated person of an FCM, CPO or CTA. B) Ms. Litchfield Brown is not as of the date of this brochure actively engaged in any business or occupation for compensation not discussed in Item C.1 above. Item 5: Additional Compensation Ms. Litchfield Brown is not providing advisory services for economic benefit to anyone who is not a client of Naples Money Management as of the date of this brochure. Item 6: Supervision Ms. Litchfield Brown s activities are supervised by Dennis Nelson who serves as the Firm s Chief Compliance Officer. We supervise Ms. Litchfield Brown and monitor the advice she provides to clients by requiring that she adhere to our firm s policies and

6 procedures, including our Code of Ethics, and by performing periodic reviews of her activities to ensure compliance with our policies and procedures. Ms. Brown can be reached at the main number for Naples Money Management, (239)

7 Item 1: Cover Page Part 2B of Form ADV: Brochure Supplement Naples Money Management, LLC Tamiami Trail North Naples, Florida Date of Brochure Supplement: October 14, 2014 Luke John Vergo This brochure supplement provides information about Luke Vergo that supplements the Naples Money Management, LLC brochure. You should have received a copy of that brochure. Please contact Dennis Nelson at the number above if you did not receive Naples Money Management s brochure or if you have any questions about the contents of this supplement. Additional information about Luke Vergo is available at the SEC s website at

8 Item 2: Educational Background and Business Experience Luke was born 1984, currently works in business development and client relations at Naples Money Management LLC. Prior to joining Naples Money Management, LLC he worked at Morgan Stanley Wealth Management as a Financial Advisor from November 2012 to October From March 2012 to August 2012 he was a Financial Advisor with Merrill Lynch. Prior to joining Merrill Lynch, he was in Sales Management at Accurate Comfort Services, Inc. from January 1998 to March He graduated with a Bachelor of Science in Business Management and Administration form Florida Gulf Coast University in July of Item 3: Disciplinary Information A: Criminal or civil action: not applicable B: Administrative proceedings: not applicable Item 4: Other Business Activities 1) Mr. Vergo as of the date of this brochure is not actively engaged in any investmentrelated business or occupation, including being registered, or having an application to register, as a broker-dealer, registered representative of a broker-dealer, futures commission merchant ( FCM ), commodity pool operator ( CPO ), commodity trading advisor ( CTA ), or an associated person of an FCM, CPO or CTA. 2) Mr. Vergo is not as of the date of this brochure actively engaged in any business or occupation for compensation not discussed in Item C.1 above. Item 5: Additional Compensation Mr. Vergo is not providing advisory services for economic benefit to anyone who is not a client of Naples Money Management as of the date of this brochure. Item 6: Supervision Mr. Vergo s activities are supervised by Dennis Nelson who serves as the Firm s Chief Compliance Officer. We supervise Mr. Vergo and monitor the advice he provides to clients by requiring that he adhere to our firm s policies and procedures, including our Code of Ethics, and by performing periodic reviews of his activities to ensure compliance with our policies and procedures. Mr. Vergo can be reached at the main number for Naples Money Management, (239)