Trident Advisors LLC 181 Crossways Park Drive Woodbury, NY 11797

Transcription

1 Trident Advisors LLC 181 Crossways Park Drive Woodbury, NY Form ADV Part 2 Firm Brochure February 26, 2015 This brochure provides information about the qualifications and business practices of Trident Advisors LLC. If you have any questions about the contents of this brochure, please contact Edward P. Flynn, President at compliance@tridentpartnersltd.com The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Trident Advisors LLC is also available on the SEC Website at Material Changes This brochure contains one material change from the last annual update filed by Trident Advisors LLC on February 26, That is the addition of investment advisory program of Tactical Allocation Group. There is no change in compensation arrangement or fees relating to this product. The other change you will notice is that the format has changed to comply with regulatory requirements.

2 Table of Contents 1. Cover Page 2. Material Changes 3. Table of Contents 4. Advisory Business 5. Fees and Compensation 6. Performance Based Fees 7. Types of Clients 8. Methods of Analysis, Investment Strategies, and Risk of Loss 9. Disciplinary Information 10. Other Financial Industry Activities and Affiliations 11. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading 12. Brokerage Practices 13. Review of Accounts 14. Client Referrals and Other Compensation 15. Custody 16. Investment Discretion 17. Voting Client Securities 18. Financial Information 19. State Registered Advisors additional information

3 Advisory Business Trident Advisors LLC is an investment advisor registered in New York since September It is also registered in the states of California, Connecticut, Florida, and New Jersey. The owner of Trident Advisors LLC is Meka Associates LLC, a Delaware Corporation. Edward P. Flynn & Brian F. Schantz are both greater than 25% owners of Meka Associates LLC. Trident Advisors LLC offers the investment advisory programs of RBC Correspondent Services, RBC Advisor Services, Good Harbor Financial LLC, the investment advisory programs of North Coast Asset Management, LLC and Tactical Allocation Group. Trident Advisors LLC client services are limited to offering the advisory programs of these third party advisors. The investment advisory programs offered are called wrap fee programs, for which Trident Advisors LLC receives a portion of the wrap fee for its services. As of December 31, 2014, the amount of client assets managed on a Non-Discretionary basis was $ 36,815,759 dollars. The amount of client assets managed on a Discretionary basis was $ 0.00 dollars. Fees and Compensation Trident Advisors LLC is compensated by receiving a portion of the wrap fees that the client pays to either RBC Correspondent Services, Good Harbor Financial LLC., North Coast Asset Management LLC, or Tactical Allocation Group. A maximum fee charged is 3%. Rates may be negotiated lower under certain circumstances. Trident Advisors LLC receives payment directly from third party advisors. Clients pay fees to the third party advisors, which fees may include custodian fees or mutual fund expenses. No additional transaction costs or fees are charged directly to the client by Trident Advisors LLC. Clients should carefully review the wrap fee brochure of each third party advisor for full details of each program. Under certain circumstances, a client may desire to implement an investment program on a non-advisory basis by purchasing investment products through an Advisory Representative acting in their capacity as registered representatives of Trident Partners Ltd., an affiliated broker-dealer. Such clients are not advisory clients of Trident Advisors and Trident Advisors does not charge an investment advisory fee to such clients for the implementation of such investment program; however, brokerage commissions will be charged by Trident Partners to effect such transactions, and a portion of such commissions will be paid by Trident Partners to the representatives acting in a broker-dealer capacity. Performance-Based Fees and Side-By-Side Management Trident Advisors LLC does not receive performance-based fees. Some of the investment advisory programs offered by Trident Advisors LLC may charge performance-based fees. Trident Advisors does not participate in these performance based fee arrangements.

4 Types of Clients Types of clients to which Trident Advisors LLC provides investment advice include: individuals pension and profit sharing plans trusts, estates or charitable organizations corporations or other business entities Trident Advisors LLC does not require a minimum account size for an investment advisory program. Minimum account size may be required by a third party advisor offering the investment advisory program. Methods of Analysis, Investment Strategies and Risk of Loss Trident Advisors LLC offers the investment advisory programs of third party advisors. Each of these programs offers information concerning investment strategies and risk of loss, for which clients complete separate account information and receive disclosure from the specific program chosen. Investment advice provided by Trident Advisors LLC is limited to introducing the programs to the client. Investing in securities involves a risk of loss that clients should be prepared to bear. Investment advisory programs may involve varied risks depending on their content and strategy. The content and strategy of a program is explained in its disclosure documents. Disciplinary Information Neither Trident Advisors LLC or its management person, Edward P. Flynn, have been involved in a criminal or civil action in a domestic, foreign or military court of competent jurisdiction; nor an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority; nor a self-regulatory organization proceeding relating to investment related business.

5 Other Financial Industry Activities and Affiliations Trident Advisors LLC is affiliated with Trident Partners, Ltd, a FINRA registered broker-dealer, through common ownership of each of Trident Partners, Ltd. and Trident Advisors LLC by Meka Associates LLC, a real estate holding company. Trident Advisors LLC effects its financial advice through referrals to Trident Partners Ltd. As a broker/agent. Both Edward P. Flynn and Timothy V. Longo are registered representatives of Trident Partners Ltd. Edward P. Flynn, President of Trident Advisors LLC, is also President of Meka Associates LLC, and a Managing Director of Trident Partners Ltd. Trident Advisors LLC has established, and maintains and enforces a written Code of Ethics that includes: a standard (or standards) of business conduct required of supervised persons, which standards reflect fiduciary obligations of those supervised persons provisions requiring supervised persons to comply with applicable federal securities laws provisions that require all access persons to report, and the firm to review, their personal securities transactions and holdings periodically provisions requiring supervised persons to report any violations of the code of ethics promptly to the chief compliance officer or, provided the chief compliance officer also receives reports of all violations, to other persons designated in the code of ethics provisions requiring that each supervised person is provided with a copy of the code of ethics and any amendments, and requiring supervised persons to provide a written acknowledgement of their receipt of the code and its amendments.

6 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Trident Advisors LLC has established and maintains a Code of Ethics described in Item 10 above. A copy of this Code of Ethics will be provided to any client or prospective client upon request. Trident Advisors LLC, as a matter of policy and practice, seeks to obtain best execution for client transactions, that is, seeking to obtain not necessarily the lowest commission but the best overall qualitative execution in the particular circumstances. There exists a potential for conflicts of interest if the account incurs a higher commission or transaction cost than the account would otherwise have incurred had the client determined to effect account transactions through alternative clearing arrangements that may have been available through Advisor. In the event of a potential conflict, clients are advised of the alternative arrangements available. Trident Advisors LLC maintains and enforces written policies reasonably designed to: (1) prevent the misuse of material non-public information by Trident or any person associated with Trident, and (2) monitor the personal securities transactions of its associated persons to prevent any potential material conflicts of interest between Trident, any person associated with Trident, and any of its clients. Trident Advisors LLC introduces clients to the wrap fee programs of third party advisors, who in effect execute investment advisory transactions on behalf of our clients. Trident Advisor LLC. has no involvement with the selection of investment recommendations which greatly reduces the potential for material conflicts between Trident, any person associated with Trident, and any of its clients. Brokerage Practices Trident Advisors LLC does not accept research or other products or services other than execution from a brokerdealer or third party in connection with client securities transactions. Trident Advisors LLC may accept client instructions for directing the clients brokerage transactions to a particular broker dealer. Any client instructions to Trident Advisors LLC are to be in writing with appropriate disclosures that for any directed brokerage arrangements, Trident Advisors LLC will not negotiate commissions, may not obtain volume discounts or aggregate directed transactions, and that commission charges will vary among clients and best execution may not be obtained. During the last fiscal year, no products or services to Trident Advisors LLC were acquired with client brokerage commissions (or markups or markdowns). Client transactions were directed to Trident Partners, Ltd. as an affiliate. No soft dollar benefits were derived from this affiliation.

7 Review of Accounts As Trident Advisors LLC furnishes investment advice, the supervising principal (President) performs an initial account review for each account for suitability of the investment product purchased and applies AML standards for client identification. These reviews, meetings or consultations may involve philosophy discussions, investment policy decisions, individual securities and client questions. Account acceptance is conditioned on approval by a principal of the firm and acceptance by the product supplier. At least quarterly, all investment accounts are reviewed by the supervising principal to ensure consistency with criteria to assess performance and suitability. Regular reports are provided to clients through RBC Correspondent Services, who carries the products offered by the advisory firm. They include transaction confirmation notices, monthly and quarterly statements and annual summary statements. Brochures are provided upon the initiation of the account and on an annual basis thereafter. Additionally, clients are encouraged to utilize the online account access available for both RBC Correspondent Services, Good Harbor Financial LLC., North Coast Asset Management LLC and Tactical Allocation Group. advisory programs. Client Referrals and Other Compensation Trident Advisors LLC does not have any arrangement, oral or in writing, where it is paid cash by or receives some economic benefit (including commissions, equipment or non-research services) from a non-client in connection with giving advice to clients. Trident Advisors LLC does not directly or indirectly compensate any person for client referrals. Custody Trident Advisors LLC does not have custody of client funds or securities. A qualified custodian, RBC Correspondent Services sends account statements directly to clients. Clients are encouraged to carefully review these statements upon receipt and to contact Trident Advisors LLC with any question regarding the information provided in the statement. Investment Discretion Trident Advisors LLC does not accept discretionary authority to manage securities accounts on behalf of its clients.

8 Voting Client Securities Trident Advisors LLC does not have the authority to vote client securities. This authority is not applicable to clients of Trident Advisors LLC, given the limited scope of products offered. Financial Information Trident Advisors LLC. does not solicit prepayment of more than $ in fees per client, six months or more in advance. Neither Trident Advisors LLC. or any persons associated with Trident Advisors LLC., have been the subject of a Bankruptcy petition at any time during the past ten years. Requirements for State-Registered Advisers Edward P. Flynn, President, born March 20, Mr. Flynn is the President of Meka Associates LLC and a Managing Director of Trident Partners Ltd., prior to which he was co-branch manager of First Montauk Securities Corp. Mr. Flynn was also employed as the Senior Vice-President and co-branch manager of Comprehensive Capital, Inc.; Executive Vice-President of RTG Richards & Co., Inc.; Senior Vice-President of Gruntal & Co, Inc.; Vice President at Oppenheimer & Co; Associate Vice-President of Prudential Securities, Inc.; Financial Advisor at Shearson, Lehman Brothers, Inc. and Paine-Webber, Inc; and an Administrative Assistant at Bear Sterns & Co. Mr. Flynn has FINRA Series 7, 24, 63 & 65 registrations. Mr. Flynn was a respondent in 1 customer arbitration claim filed against 5 parties in 1997 that was settled for a total of 225, Mr. Flynn contributed 25,000 to the settlement. Trident Advisors LLC offers RBC Correspondent Services, Good Harbor Financial LLC. and North Coast Asset Management LLC investment advisory programs to its clients. From time to time, advisors of the firm may also provide administrative consulting services regarding these investment programs. Neither Trident Advisors LLC., nor any persons associated with Trident Advisors LLC., has any relationship or arrangements with any issuer(s) of securities.

9 Trident Advisors LLC 181 Crossways Park Drive Woodbury, NY Phone No Fax No Form ADV Part 2 Brochure Supplement For Timothy V. Longo 181 Crossways Park Drive Woodbury, NY Ext 2260 February 26, 2014 This brochure provides information about Timothy V. Longo that supplements the Trident Advisors LLC. Brochure. You should have received a copy of that brochure. Please contact Edward P. Flynn, President at , if you did not receive Trident Advisors LLC. brochure or if you have any questions about the contents of this brochure. Please direct any inquiries to: compliance@tridentpartnersltd.com The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Timothy V. Longo is also available on the SEC Website at

10 Educational Background and Business Experience Timothy V. Longo was born April 26, Mr. Longo attended Liverpool John Moore s University in England and graduated from the University of Rhode Island in 1992 with a B.S. in Political Science Tim has been an Advisor with Trident Advisors since February Disciplinary Information Mr. Longo has a disciplinary history, the details of which can be found on FINRA s Broker Check system at and you may view this information under his CRD# Other Business Activities Mr. Longo is also affiliated with Trident Partners Ltd. as a broker dealer registered representative in addition to his Investment Advisor affiliation with Trident Advisors LLC. Under certain circumstances, a client may desire to implement an investment program on a non-advisory commission basis by purchasing investment products through Mr. Longo, in his individual capacity as a registered representative of Trident Partners Ltd. Such clients are not investment advisory clients of Trident Advisors and Trident does not charge an investment advisory fee to such clients for the implementation of such investment programs; however, brokerage commissions will be charged by Trident Partners Ltd. to effect such securities transactions, and a portion of such commissions will be paid to Mr. Longo. Prior to effecting any transactions under this commission based arrangement, the client will be required to enter into a new account agreement with Trident Partners Ltd. Additional Compensation Other than described above, Mr. Longo does not receive any additional compensation. Supervision As Trident Advisors LLC furnishes investment advice, the supervising principal (President) performs an initial account review for each account for suitability of the investment product purchased and applies AML standards for client identification. These reviews, meetings or consultations may involve philosophy discussions, investment policy decisions, individual securities and client questions. Account acceptance is conditioned on approval by a principal of the firm and acceptance by the product supplier. At least quarterly, all investment accounts are reviewed by the supervising principal to ensure consistency with criteria to assess performance and suitability. Regular reports are provided to clients through RBC Correspondent Services, who carries the products offered by the advisory firm. They include monthly and quarterly statements and annual summary statements. Brochures are provided upon the initiation of the account and on an annual basis thereafter. Requirements for State-Registered Advisers Mr. Longo was disciplined by the New York Stock Exchange in January 2006 that resulted in a censure and four month suspension of his securities license, details of which are available through FINRA s Broker Check system at Mr. Longo has never declared bankruptcy. You may view this information under CRD#