William K. Lang. Downriver Capital Management, LLC

Transcription

1 Item 1- Cover Page William K. Lang Downriver Capital Management, LLC 1310 N. Maple, Spokane WA (509) April 1, 2011 This Brochure Supplement provides information about William K. Lang that supplements the Downriver Capital Management Brochure. You should have received a copy of that Brochure. Please contact Sharon Smith at the phone number listed above, if you did not receive Downriver s Brochure or if you have any questions about the contents of this supplement. Additional information about Downriver Capital Management, LLC is available on the SEC s website at Item 2- Educational Background and Business Experience Education and Business Background. William K. Lang Born: 1974 Education after High School: 2003 Chartered Financial Analyst Designation 1997 Bachelor of Business Administration degree from Gonzaga University Fairfield University, Fairfield, CT Business Background: 2010 to Present Downriver Capital Management, LLC, Spokane, WA Founder, Portfolio Manager 2001 to 2008 Signia Capital Management, LLC, Spokane, WA; Cofounder, Portfolio Manager

2 1996 to 2000 ICM Asset Management, Inc., Spokane, WA; Equity Research Analyst 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. Item 4- Other Business Activities Item 5- Additional Compensation Item 6 - Supervision All IAR s are supervised by Downriver Capital Management s Compliance Department. Chuck Potter is the firm Chief Compliance Officer and is responsible for supervising all IAR s personal transactions and general compliance with Downriver s internal policies and procedures. Downriver has an internal Policies & Procedures Handbook that is available upon request. Chuck Potter, Chief Compliance Office can be reached at (509) Item 7- Requirements for State-Registered Advisers

3 Item 1- Cover Page Charles J. Potter Downriver Capital Management, LLC 1310 N. Maple, Spokane WA (509) April 1, 2011 This Brochure Supplement provides information about Charles Potter that supplements the Downriver Capital Management Brochure. You should have received a copy of that Brochure. Please contact Sharon Smith at the phone number listed above, if you did not receive Downriver s Brochure or if you have any questions about the contents of this supplement. Additional information about Downriver Capital Management, LLC is available on the SEC s website at Item 2- Educational Background and Business Experience Education and Business Background. Charles J. Potter Born: 1954 Formal Education After High School: Inland Empire School of the Bible, 1977 Spokane Falls Community College, 1978 Business Background for the Preceding Five Years: 2010 to Present Downriver Capital Mgmt., LLC. Owner/Investment Advisor Representative 2010 to Present Simple Wealth, LLC. Owner/Investment Advisor Representative 2007 to Present Securities Service Network, Inc. OSJ/Registered Representative

4 2007 to Present SSN Advisory, Inc. Investment Advisor Representative 2007 to Present Jordan-Potter, LLC. Owner 2004 to Present Simple Leadership Founder 1979 to Present Investment Dynamics, Inc. Owner/President 2006 to 2007 Geneos Wealth Management, Inc. OSJ/Registered Representative/Investment Advisor Rep 1998 to 2006 Securities America, Inc. Registered Representative 2000 to 2006 Securities America Advisor, Inc. Investment Advisor Representative 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. Item 4- Other Business Activities Charles Potter is actively engaged in other business activities. These activities may present a conflict of interest and may incentive Mr. Potter to recommend products based on the compensation received, rather than on your needs. You are not obligated to use Mr. Potter for any of these products or services. Downriver tries to address these conflicts via training and compliance with our Internal Policies & Procedures Handbook. Mr. Potter is a registered representative (RR) of Securities Services Network, Inc. (SSN). As a RR, Mr. Potter may: May recommend a purchase or sale that generates commission May receive 12b-1 fees and/or trail commissions from investment companies in connection with the placement of your funds into investment company securities. Mr. Potter s activities as a Registered Representative of SSN are separate from activities of Downriver. SSN and Downriver are not affiliated.

5 Mr. Potter is licensed and registered as an insurance agent. Mr. Potter receives compensation in the form of commissions when he sells insurance products. You are not obligated to use Mr. Potter for your insurance needs. Mr. Potter owns a portion of Downriver Capital Management, LLC. He also has partial ownership of Simple Wealth, LLC. Downriver compensates Simple Wealth, LLC for performing administrative and back office functions on its behalf. Downriver will not place securities transactions through any related person or a related broker-dealer. Mr. Potter is an Investment Advisory Representative with Securities Service Network Advisory, Inc. (SSNAI), an SEC registered investment advisory firm. In that capacity Mr. Potter charges fees for financial planning, money management and refers retail clients to third party money managers. Activities under the contractual relationship with SSNAI are supervised by SSNAI. Downriver Capital Management and SSNAI are separate and are not affiliated in ownership, custody of assets, supervision or reporting. Item 5- Additional Compensation Charles Potter may receive administrative, investment advisory or other fees for providing support services, administrative support and/or client referrals to other investment advisory firms. If applicable, these arrangements are fully disclosed to you. Item 6 - Supervision All IAR s are supervised by Downriver Capital Management s Compliance Department. Chuck Potter is the firm Chief Compliance Officer and is responsible for supervising all IAR s personal transactions and general compliance with Downriver s internal policies and procedures. Downriver has an internal Policies & Procedures Handbook that is available upon request. Item 7- Requirements for State-Registered Advisers

6 Item 1- Cover Page Joshua J. Potter Downriver Capital Management, LLC 1310 N. Maple, Spokane WA (509) April 1, 2011 This Brochure Supplement provides information about Joshua Potter that supplements the Downriver Capital Management Brochure. You should have received a copy of that Brochure. Please contact Sharon Smith at the phone number listed above, if you did not receive Downriver s Brochure or if you have any questions about the contents of this supplement. Additional information about Downriver Capital Management, LLC is available on the SEC s website at Item 2- Educational Background and Business Experience Education and Business Background. Joshua J. Potter Born: 1975 Education after High School: No Formal Post High School Education Business Background: 2010 to Present Downriver Capital Management Owner/Investment Advisor Representative 2007 to Present Simple Wealth, LLC Owner/Investment Advisor Representative 2007 to Present Securities Service Network, Inc. Registered Representative

7 2007 to Present SSN Advisory Investment Advisor 1998 to 2006 Securities America, Inc. Registered Representative 2006 to 2007 Geneos Wealth Management, Inc. Registered Representative/ Investment Advisor Representative 2000 to 2006 Securities America Advisors, Inc. Investment Advisor Representative 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. Item 4- Other Business Activities Joshua Potter is actively engaged in other business activities. These activities may present a conflict of interest and may incentive Mr. Potter to recommend products based on the compensation received, rather than on your needs. You are not obligated to use Mr. Potter for any of these products or services. Downriver tries to address these conflicts via training and compliance with our Internal Policies & Procedures Handbook. Mr. Potter is a registered representative (RR) of Securities Services Network, Inc. (SSN). As a RR, Mr. Potter may: May recommend a purchase or sale that generates commission May receive 12b-1 fees and/or trail commissions from investment companies in connection with the placement of your funds into investment company securities. Mr. Potter s activities as a Registered Representative of SSN are separate from activities of Downriver. SSN and Downriver are not affiliated. Mr. Potter is licensed and registered as an insurance agent. Mr. Potter receives compensation in the form of commissions when he sells insurance products. You are not obligated to use Mr. Potter for your insurance needs. Joshua Potter owns a portion of Downriver Capital Management, LLC. Mr. Potter also has partial ownership of Simple Wealth, LLC. Downriver compensates Simple Wealth, LLC for

8 performing administrative and back office functions on its behalf. Downriver will not place securities transactions through any related person or a related broker-dealer. Mr. Potter is an Investment Advisory Representative with Securities Service Network Advisory, Inc. (SSNAI), an SEC registered investment advisory firm. In that capacity Mr. Potter charges fees for financial planning, money management and refers retail clients to third party money managers. Activities under the contractual relationship with SSNAI are supervised by SSNAI. Downriver Capital Management and SSNAI are separate and are not affiliated in ownership, custody of assets, supervision or reporting. Item 5- Additional Compensation Joshua Potter may receive administrative, investment advisory or other fees for providing support services, administrative support and/or client referrals to other investment advisory firms. If applicable, these arrangements are fully disclosed to you. Item 6 - Supervision All IAR s are supervised by Downriver Capital Management s Compliance Department. Chuck Potter is the firm Chief Compliance Officer and is responsible for supervising all IAR s personal transactions and general compliance with Downriver s internal policies and procedures. Downriver has an internal Policies & Procedures Handbook that is available upon request. Chuck Potter, Chief Compliance Office can be reached at (509) Item 7- Requirements for State-Registered Advisers