ALAN S. WARDYGA WEALTH MANAGEMENT RESOURCES, INC.

Transcription

1 ALAN S. WARDYGA WEALTH MANAGEMENT RESOURCES, INC. 501 Great Road #201 North Smithfield, Rhode Island Tel Fax February 3, 2016 FORM ADV PART 2B BROCHURE SUPPLEMENT This brochure supplement provides information about Alan S. Wardyga that supplements the Wealth Management Resources, Inc. brochure. You should have received a copy of that brochure. Please contact Arthur Everly, Executive Vice President at or aeverly@wealthmanagers.com if you did not receive Wealth Management Resources, Inc.'s brochure or if you have any questions about the contents of this supplement. Additional information about Alan S. Wardyga is available on the SEC's website at 1

2 Item 2 Educational Background and Business Experience ALAN S. WARDYGA Year of Birth: 1955 Formal Education: B.S., Bryant College, Accounting, M.B.A., Bryant College, Management, Business Background for the Previous Five Years: Wealth Management Resources, Inc., President, 01/1994 to Present. Bryant University, Instructor - Certificate of Financial Planning Program, 09/1999 to 06/2012. Certifications : Certified Financial Planner (CFP ), Certified Financial Planner Board of Standards, The Certified Financial Planner, CFP and federally registered CFP (with flame design) marks (collectively, the "CFP marks") are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. ("CFP Board"). The CFP certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP certification in the United States. To attain the right to use the CFP marks, an individual must satisfactorily fulfill the following requirements: Education - Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board's studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor's Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board's financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning; Examination - Pass the comprehensive CFP Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one's ability to correctly diagnose financial planning issues and apply one's knowledge of financial planning to real world circumstances; Experience - Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and Ethics - Agree to be bound by CFP Board's Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP marks: Continuing Education - Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and Ethics - Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP professionals provide financial planning services at a fiduciary standard of care. This means CFP professionals must provide financial planning services in the best interests of their clients. 2

3 CFP professionals who fail to comply with the above standards and requirements may be subject to CFP Board's enforcement process, which could result in suspension or permanent revocation of their CFP certification. Item 3 Disciplinary Information Alan Wardyga has no reportable disciplinary information. Item 4 Other Business Activities Alan Wardyga is also a registered representative of our firm, in its capacity as a broker-dealer. In his capacity as a registered representative, Mr. Wardyga will receive commission-based compensation in connection with the purchase and sale of securities, including variable annuities and 12b-1 fees for the sale of investment company products. Compensation earned by Mr. Wardyga in his capacity as a registered representative is separate from our advisory fees. This practice presents a conflict of interest because Mr. Wardyga may have an incentive to effect securities transactions for the purpose of generating commissions rather than solely based on your needs. Generally, Mr. Wardyga will only receive commissions on mutual funds in accounts which are too small for an investment advisory relationship, or where the purchase of a mutual fund is warranted by additional services provided by the mutual fund provider, such as in the case of Simple Retirement Plans. We do apply our Code of Ethics that includes guidelines for professional standards of conduct for our Associated Persons. Our goal is to protect your interests at all times and to demonstrate our commitment to our fiduciary duties of honesty, good faith, and fair dealing with you regardless of the product or service recommended to you. Clients of the firm may have both advisory accounts and brokerage accounts however, Mr. Wardyga will not receive commission based compensation for securities purchased in an advisory account. Mr. Wardyga is also licensed as an insurance agent and earns commission-based compensation for selling insurance products. Insurance commissions earned by Mr. Wardyga are separate from our advisory fees. Please see the "Fees and Compensation" section in this Brochure for more information on the compensation received by insurance agents as well as our firm, as a licensed insurance producer. Mr. Wardyga is also an owner and property manager of Wealth Management Realty Partners, LLC, a real estate holding company. Mr. Wardyga is also the general partner of Turning Point Investment Partners, FP, a family limited partnership established to make investments. Mr. Wardyga spends approximately 20% of his time devoted to these other business activities. Item 5 Additional Compensation Alan Wardyga does not receive any additional compensation for providing advisory services beyond the fee based compensation he receives through Wealth Management Resources, Inc. 3

4 Item 6 Supervision Arthur Everly, Chief Compliance Officer, is responsible for supervising Mr. Wardyga's advisory activities. As part of his supervisory responsibilities, Mr. Everly monitors communications and reviews client accounts on a periodic basis. Mr. Everly can be reached at or aeverly@wealthmanagers.com. 4

5 ARTHUR CLAYTON EVERLY WEALTH MANAGEMENT RESOURCES, INC. 501 Great Road #201 North Smithfield, Rhode Island Tel Fax February 4, 2016 FORM ADV PART 2B BROCHURE SUPPLEMENT This brochure supplement provides information about Arthur Clayton Everly that supplements the Wealth Management Resources, Inc. brochure. You should have received a copy of that brochure. Please contact Arthur Everly, Executive Vice President at or aeverly@wealthmanagers.com if you did not receive Wealth Management Resources, Inc.'s brochure or if you have any questions about the contents of this supplement. Additional information about Arthur C. Everly is available on the SEC's website at 1

6 Item 2 Educational Background and Business Experience ARTHUR CLAYTON EVERLY Year of Birth: 1953 Formal Education: Mr. Everly entered the work force immediately following high school. Business Background for the Previous Five Years: Wealth Management Resources, Inc., Executive Vice President, 01/1994 to Present. Guardian Life Insurance Co., Field Representative, 08/1988 to 08/2008. Bryant University, Instructor - Certificate of Financial Planning Program, 01/2000 to 06/2012. Certifications: Chartered Life Underwriter (CLU), Chartered Life Underwriter (CLU) :This designation is issued by The American College and is granted to individuals who have at least three years of full-time business experience within the five years preceding the awarding of the designation. The candidate is required to take a series of eight or more mandatory college-level courses which include, for example, the following: insurance planning, life insurance law, fundamentals of estate planning, planning for business owners, income taxation, group benefits, planning for retirement needs, and investments. Each course has a final proctored exam. Chartered Financial Consultant (ChFC), 1985 Chartered Financial Consultant (ChFC) : This designation is issued by The American College and is granted to individuals who have at least three years of full-time business experience within the five years preceding the awarding of the designation. The candidate is required to take seven mandatory courses which include the following disciplines: financial, insurance, retirement and estate planning; income taxation, investments and application of financial planning; as well as two elective courses involving the application of the aforementioned disciplines. Each course has a final proctored exam. Item 3 Disciplinary Information Arthur Everly has no reportable disciplinary information. Item 4 Other Business Activities Arthur C. Everly is also a registered representative of our firm, in its capacity as a broker dealer. In his capacity as a registered representative, Mr. Every will receive commission-based compensation in connection with the purchase and sale of securities, including variable annuities and 12b-1 fees for the sale of investment company products. Compensation earned by Mr. Everly in his capacity as a registered representative is separate from our advisory fees. This practice presents a conflict of interest because Mr. Everly may have an incentive to effect securities transactions for the purpose of generating commissions rather than solely based on your needs. Generally, Mr. Everly will only receive commissions on mutual funds in accounts which are too small for an investment advisory relationship, or where the purchase of a mutual fund is warranted by additional services provided by the mutual fund provider, such as in the case of Simple Retirement Plans. We do apply our Code of Ethics that includes guidelines for professional standards of conduct for our Associated Persons. Our goal is to protect your interests at all times and to demonstrate our commitment to our fiduciary duties of honesty, good faith, and fair dealing with you regardless of the 2

7 product or service recommended to you. Clients of the firm may have both advisory accounts and brokerage accounts however, Mr. Everly will not receive commission based compensation for securities purchased in an advisory account. Item 5 Additional Compensation Mr. Everly does not receive any additional compensation for providing advisory services beyond the fee based compensation he receives through Wealth Management Resources, Inc. Item 6 Supervision Alan S. Wardyga, President, is responsible for supervising Mr. Everly's advisory activities. As part of his supervisory responsibilities, Mr. Wardyga monitors communications and reviews client accounts on a periodic basis. Mr. Wardyga can be reached at or awardyga@wealthmanagers.com. 3

8 KEVIN R. WORTHLEY WEALTH MANAGEMENT RESOURCES, INC. 501 Great Road #201 North Smithfield, Rhode Island Tel Fax February 3, 2016 FORM ADV PART 2B BROCHURE SUPPLEMENT This brochure supplement provides information about Kevin R. Worthley that supplements the Wealth Management Resources, Inc. brochure. You should have received a copy of that brochure. Please contact Arthur Everly, Executive Vice President at or aeverly@wealthmanagers.com if you did not receive Wealth Management Resources, Inc.'s brochure or if you have any questions about the contents of this supplement. Additional information about Kevin R. Worthley is available on the SEC's website at 1

9 Item 2 Educational Background and Business Experience KEVIN R. WORTHLEY Year of Birth: 1961 Formal Education: B.A., University of Miami, Economics and Marine Science, Certificate in Financial Planning, Bryant College, Management, Business Background for the Previous Five Years: Wealth Management Resources, Inc., Vice President, 01/2013 to Present. The Retirement Planning Company of New England, Inc., 03/2001 to 01/2013. Ridgeway and Conger, Inc., 12/201 to 12/2011 Cambridge Investment Research, 03/2001 to 12/2010 Certifications : Certified Financial Planner (CFP ), Certified Financial Planner Board of Standards, The Certified Financial Planner, CFP and federally registered CFP (with flame design) marks (collectively, the "CFP marks") are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. ("CFP Board"). The CFP certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP certification in the United States. To attain the right to use the CFP marks, an individual must satisfactorily fulfill the following requirements: Education - Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board's studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor's Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board's financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning; Examination - Pass the comprehensive CFP Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one's ability to correctly diagnose financial planning issues and apply one's knowledge of financial planning to real world circumstances; Experience - Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and Ethics - Agree to be bound by CFP Board's Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP marks: Continuing Education - Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and Ethics - Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP professionals provide financial planning services at a 2

10 fiduciary standard of care. This means CFP professionals must provide financial planning services in the best interests of their clients. CFP professionals who fail to comply with the above standards and requirements may be subject to CFP Board's enforcement process, which could result in suspension or permanent revocation of their CFP certification. Certified Divorce Financial Analyst(CDFA ), Institute of Divorce Financial Analysts, In order to obtain the Certified Divorce Financial Analyst(CDFA ), a candidate must be currently working in the financial services, accounting or family law profession, have three years experience in the financial services, accounting or family law profession, obtain a minimum of 70% or higher on all exams, complete the program within 1 year of enrollment and report 15 divorce-related continuing education hours every two years. Item 3 Disciplinary Information Kevin Worthley has no reportable disciplinary information. Item 4 Other Business Activities Kevin Worthley is also a registered representative of our firm, in its capacity as a broker-dealer. In his capacity as a registered representative, Mr. Worthley will receive commission-based compensation in connection with the purchase and sale of securities, including variable annuities and 12b-1 fees for the sale of investment company products. Compensation earned by Mr. Worthley in his capacity as a registered representative is separate from our advisory fees. This practice presents a conflict of interest because Mr. Worthley may have an incentive to effect securities transactions for the purpose of generating commissions rather than solely based on your needs. Generally, Mr. Worthley will only receive commissions on mutual funds in accounts which are too small for an investment advisory relationship, or where the purchase of a mutual fund is warranted by additional services provided by the mutual fund provider, such as in the case of Simple Retirement Plans. We do apply our Code of Ethics that includes guidelines for professional standards of conduct for our Associated Persons. Our goal is to protect your interests at all times and to demonstrate our commitment to our fiduciary duties of honesty, good faith, and fair dealing with you regardless of the product or service recommended to you. Clients of the firm may have both advisory accounts and brokerage accounts however, Mr. Worthley will not receive commission based compensation for securities purchased in an advisory account. Mr. Worthley is also licensed as an insurance agent and earns commission-based compensation for selling insurance products. Insurance commissions earned by Mr. Worthley are separate from our advisory fees. Please see the "Fees and Compensation" section in this Brochure for more information on the compensation received by insurance agents as well as our firm, as a licensed insurance producer. Mr. Worthley earns fees by providing divorce financial planning consulting services through Equitable Divorce Solutions LLC. Equitable Divorce Solutions LLC is not affiliated with Wealth Management Resources, Inc. Compensation earned by Mr. Worthley in his capacity as a Certified Divorce Financial Analyst is separate from our advisory fees. Mr. Worthley is also a freelance commercial writer who is compensated for writing personal finance articles for local newspaper and media outlets. 3

11 Mr. Worthley spends approximately 23% of his time devoted to these other business activities. Item 5 Additional Compensation Kevin Worthley does not receive any additional compensation for providing advisory services beyond the fee based compensation he receives through Wealth Management Resources, Inc. Item 6 Supervision Arthur Everly, Chief Compliance Officer, is responsible for supervising Mr. Worthley's advisory activities. As part of his supervisory responsibilities, Mr. Everly monitors communications and reviews client accounts on a periodic basis. Mr. Everly can be reached at or aeverly@wealthmanagers.com. 4

12 SCOTT EVERLY WEALTH MANAGEMENT RESOURCES, INC. 501 Great Road #201 North Smithfield, Rhode Island Tel: Fax: February 3, 2016 FORM ADV PART 2B BROCHURE SUPPLEMENT This brochure supplement provides information about Scott Everly that supplements the Wealth Management Resources, Inc. brochure. You should have received a copy of that brochure. Contact us at if you did not receive Wealth Management Resources, Inc.'s brochure or if you have any questions about the contents of this supplement. Additional information about Scott Everly (CRD # ) is available on the SEC's website at 1

13 Item 2 Educational Background and Business Experience SCOTT EVERLY Year of Birth: 1984 Formal Education After High School: The American College of Financial Services,1/ Present Business Background: Wealth Management Resources, Inc., Investment Adviser Representative, Registered Representative, 5/ Present Item 3 Disciplinary Information Form ADV Part 2B requires disclosure of certain criminal or civil actions, administrative proceedings, and self-regulatory organization proceedings, as well as certain other proceedings related to suspension or revocation of a professional attainment, designation, or license. Mr. Scott Everly has no required disclosures under this item. Item 4 Other Business Activities Scott Everly is also a registered representative of our firm, in its capacity as a broker-dealer. In his capacity as a registered representative, Mr. Everly will receive commission-based compensation in connection with the purchase and sale of securities, including variable annuities and 12b-1 fees for the sale of investment company products. Compensation earned by Mr. Everly in his capacity as a registered representative is separate from our advisory fees. This practice presents a conflict of interest because Mr. Everly may have an incentive to effect securities transactions for the purpose of generating commissions rather than solely based on your needs. Generally, Mr. Everly will only receive commissions on mutual funds in accounts which are too small for an investment advisory relationship, or where the purchase of a mutual fund is warranted by additional services provided by the mutual fund provider, such as in the case of Simple Retirement Plans. We do apply our Code of Ethics that includes guidelines for professional standards of conduct for our Associated Persons. Our goal is to protect your interests at all times and to demonstrate our commitment to our fiduciary duties of honesty, good faith, and fair dealing with you regardless of the product or service recommended to you. Clients of the firm may have both advisory accounts and brokerage accounts however, Mr. Everly will not receive commission based compensation for securities purchased in an advisory account. Mr. Everly is also licensed as an insurance agent and earns commission-based compensation for selling insurance products. Insurance commissions earned by Mr. Everly are separate from our advisory fees. Please see the "Fees and Compensation" section in this Brochure for more information on the compensation received by insurance agents as well as our firm, as a licensed insurance producer. Item 5 Additional Compensation Scott Everly does not receive any additional compensation for providing advisory services beyond the fee based compensation he receives through Wealth Management Resources, Inc. Item 6 Supervision Arthur Everly, Chief Compliance Officer, is responsible for supervising Scott Everly's advisory activities. As part of his supervisory responsibilities, Mr. Everly monitors communications and reviews client accounts on a periodic basis. Arthur Everly can be reached at or aeverly@wealthmanagers.com. 2