Partnervest Financial Group COMPANY PROFILE We help Advisors and their clients navigate change in a complex environment 888-991-9969 www.partnervest.com
COMPANY PROFILE Partnervest creates strong client relationships built on trust. headquartered in Santa Barbara, California is independently owned and operated by its founders. Partnervest was created in 2001 to provide business solutions and mentoring for financial advisors to serve the needs of their clients better. Through Financial Professionals, we offer an alternative to Investing as Usual. We believe investors can benefit from the rigor and sophistication that typically characterize Institutional Portfolio Management without the conflicts of interest. Our goals and those of our clients are one in the same. We understand the challenges and responsibilities that come with growing and protecting a client s wealth. Today, Partnervest is a proven well diversified firm with solid operating platforms. Partnervest believes their Investment Management expertise offer advisors and their clients a viable alternative to larger institutions by delivering superior service and complete transparency on a personal level. Partnervest s comprehensive approach coupled with a high-touch service model has produced loyal advisors and very satisfied clients. Partnervest is proud of their flawless reputation. The principals of the firm believe the opportunity to deliver sound proven strategies has never been better. is powered by creative thinking, entrepreneurial spirit, and commitment to our mutual success. They honor the true definition of the word Partner.
PRODUCT & SERVICES OVERVIEW STAR INVESTMENT PHILOSOPHY & METHODOLOGY Partnervest Advisory Services manages investments using a rigorous, disciplined approach that emphasizes consistency of returns rather than attempting to beat a given benchmark in a given quarter. We believe that while markets are generally efficient, by structuring a targeted outcome we are more likely to achieve our goals. We are Flexible, Independent and Unbiased in our manager and strategy selection process. With less than 5% of money managers utilizing options we are part of a select group of managers that use options to protect, diversify and repair portfolios. We adhere to disciplined portfolio construction based on the specific needs of each client. Existing client holdings can be either incorporated or transitioned into each model or strategy with an emphasis on tax efficient management when applicable.
PRODUCT & SERVICES OVERVIEW STAR Investment Management Platform STAR I Advisor Managed Portfolios STAR II Proprietary Asset Allocation Strategy STAR III Structured Target Returns Portfolio Management Services Performance Reporting Billing Strategic & Tactical Portfolios Emphasis on Risk- Adjusted Returns Quantitative Modeling Process Alpha utilizes three non-correlated ETF s, S&P 500, Gold and Treasury Bonds to offer protection of principal across all market cycles Tactical Satellite Investments Market Neutral Global Macro Aggressive Income Specialty Bonds Vega utilizes a global diversified ETF portfolio with an overwriting income strategy
PRODUCT & SERVICES OVERVIEW Partnervest Division of Sorrento Pacific Financial Services member FINRA/SIPC is a full service broker-dealer that provides a complete paperless work flow and account management system for independent advisors and their clients In this day of "too much information" and "not enough value" Partnervest works to guide and support advisors to make appropriate decisions as they relate to the needs of their clients. Our back-office professionals have extensive experience and understand what it means to "serve" and provide service. This gives Partnervest a unique advantage in the ability to understand, design, and offer comprehensive integrated financial solutions, products, systems, and procedures with advisors and their clients in mind. Partnervest Insurance Services, LLC is full service insurance agency. Providing advisors and their clients with comprehensive insurance and estate planning solutions for business owners, families, charitable giving and long term care. Our advisors work side by side with a team of in-house advanced-advice planning specialists who are in the field with up-to-date planning ideas, representing the top rated insurance carriers in the country.
FIRM OVERVIEW EXECUTIVE MANAGEMENT Kenneth R. Hyman President and Chief Executive Officer Kenneth R. Hyman, founder and visionary of Partnervest Financial Group, is responsible for the direction and oversight of its business, financial, and operational affairs. Prior to establishing Partnervest, he was the Senior Executive and Financial Officer for Integral Securities, Inc. (Predecessor of Partnervest Securities Inc.) and Integral Securities Europe Ltd. the regulated entities of software developer Integral Development Corp. (IDC). He was also the President and Sole-Proprietor of Partnervest, a financial services consulting firm specializing in operations, e-commerce, financial operations, compliance and regulatory issues, product and service development, and business strategies. Prior to Partnervest and Integral, Mr. Hyman was the Managing Principal and Chief Operating Officer of Mercer Global Securities and the Director of Operations for Mercer Global Advisors, one of the nation's largest fee-only financial planning and investment management firms. He was also the Vice-President of Trading for Associated Financial Group, a financial services company providing support to more than 328 representatives in over 179 branch and satellite offices. Mr. Hyman received a Bachelor of Science Degree in Economics/ Business Administration from the University of Arizona in 1984. He served as a member (2005-2008) and Chairman (2007-2008) of FINRA District 2 Committee and a member of FINRA Advisory Council, an arbitrator for FINRA Dispute Resolution since 1991 and as panelist for FINRA Disciplinary proceedings. He is a member of the CEO Founders Leadership Group, Santa Barbara Executive Roundtable and Business Alliance, and Santa Barbara Business Leaders. He is licensed as an Investment Advisory Representative, a Financial Operations Principal, a General Securities Principal, a Municipal Securities Principal, an Options Principal, and a General Securities Representative.
FIRM OVERVIEW Timothy J. Mahota Chief Compliance Officer Timothy J. Mahota is responsible for compliance of Partnervest. He was General Counsel and Chief Compliance Officer for Integral Securities, Inc. (Predecessor of Partnervest Securities Inc.) and Integral Securities Europe Ltd., and currently serves as General Counsel to software developer Integral Development Corp. (IDC). Mr. Mahota provides comprehensive legal advice concerning contract, compliance, intellectual property, employment, corporate governance, ERISA, and sales and marketing issues. Prior to joining Integral and Partnervest, he was General Counsel and Chief Compliance Officer for Mercer Global Advisors and Mercer Global Securities, one of the nations largest fee-only financial planning and investment management firms, and he was an Enforcement Attorney with the U.S. Securities and Exchange Commission. Mr. Mahota holds a bachelors degree in economics and philosophy from John Carroll University, earned his Juris Doctor from Ohio State University College of Law, and obtained a Masters of Law from Georgetown University specializing in investment regulation. He is a member of the bar in California, Ohio and the District of Columbia, chairman of the National ERISA subcommittee for the American Corporate Counsel Association, and serves on the ERISA Advisory Council to the U.S. Department of Labor. He is licensed as a General Securities Principal, a Municipal Securities Principal, an Options Principal, and a General Securities Representative. Marcy Burton Chief Sales & Marketing Officer Marcy Burton is responsible for all Sales, Marketing, and Business Development activities of and its affiliated companies. Marcy is a recognized expert in new product development, marketing and distribution strategies through the independent financial planner channel. She has over twenty five years of executive experience building and managing effective teams with growing companies. In 2008 she was recognized as one of the top 50 Women in Business by the Pacific Coast Business Times. She serves on the board of the Financial Planning Association of Southern California. A graduate from University of Texas, with a Masters in Business and Organizational. Psychology, she began her career at Merrill Lynch and has served as Director of Sales and Sr. Regional Vice President for Axa Financial, LLC, Fred Alger Management, Van Eck Global Inc. and Cigna Financial Services.
FIRM OVERVIEW Jim Herrell, CFA Director of Investments Jim has extensive experience in managing investment portfolios across a diverse universe of styles. He was most recently a partner at Santa Barbara Quantitative Strategies where he developed and managed non-correlated hedge fund strategies. Prior to that he was a Portfolio Manager at Pacific Capital Bancorp (Santa Barbara Bank & Trust), managing over $250 million in trust assets specializing in value asset classes, and was the co-founding partner of Strome Investment Management a $1 billion Global- Macro Hedge Fund Group. Jim is a graduate of UC Santa Barbara and earned his Chartered Financial Analyst (CFA) designation in 1994. Gunnar Sundstrom Chief Financial Officer Gunnar Sundstrom is the Chief Financial Officer of Partnervest Financial Group and its affiliated companies. He is responsible for the day-to-day accounting and financial activities of the firm. He also provides direct support for the Business Operations and Compliance groups at Partnervest. Prior to joining Partnervest, he was Vice President Controller at Mentor Corporation, where he spearheaded efforts to develop sales & financial analysis systems and implement manufacturing control systems. Other prior experiences include positions of VP Operations & Controller at Gold Crest, Inc., Chief Financial Officer at The Plastic Surgery Company, a Senior Manager position at Ernst & Young and a Manager position Deloitte & Touche. Mr. Sundstrom graduated from Fairleigh Dickinson University with a BS and an MBA in Accounting.
FIRM OVERVIEW Carolyn S. Bishop, CFP Director of Financial Planning Carolyn S. Bishop is responsible for Advanced Advice and Financial Planning and Life Planning Programs of Partnervest Financial Group and its affiliated companies. Prior to joining Partnervest, Ms. Bishop was owner of Omni Financial Advisory Services, a fullservice, fee-based financial planning and consulting firm. With 20 years in the practice, her expertise includes portfolio development and design, retirement planning, insurance, estate planning, cash management, charitable trusts and foundations, business continuation, fringe benefits and income tax planning. Ms. Bishop has served as an advisor for the USA Today Personal Finance Hotline, speaker for local and national organizations and is former president of the Ventura County chapter of the Financial Planning Association. She has also served on the Board of Directors of two international non-profit organizations and currently is on the Board of Directors of the New West Symphony of Ventura County, CA. As a top ranked international basketball referee, Ms. Bishop has officiated the United States Olympic try-outs and the World University Games in Japan and Croatia. She has also lectured on sportsmanship and ethics for the National Collegiate Athletic Association at Pepperdine University. Ms. Bishop has earned undergraduate and master degrees from Michigan State University and achieved the Certified Financial Planner designation. She is licensed as a life and health insurance agent, General Securities Representative and Uniform Investment Advisor.
PRODUCT & SERVICES Partnervest Clearing Relationships Partnervest s assets are held by Pershing. - a division of The Bank of New York Mellon Pershing, LLC is a leading global provider of clearing and financial service outsourcing solutions to nearly 1,100 institutional and retail financial organizations and investment advisors who collectively represent more than 5 million individual investors. Located in 23 offices worldwide. Pershing LLC The Bank of New York Mellon has equity capital of $11.53 billion and total assets of $99.85 billion. Pershing has a staff of more than 4,700 experienced financial professionals who are focused on supporting our firm and individual investors. Account Protection: Pershing provides excess SIPC protection for account net equity in excess of $500,000. Visit www.sipc.org for more information about SIPC Custodial Relationships Partnervest has made the pragmatic decision to support the custodial relationship that best serve the needs of the advisor and their clients.
FIRM OVERVIEW PARTNERVEST IN THE NEWS The Partnervest team has been featured in a variety of industry publications and has appeared on several national broadcasts to discuss issues facing financial advisors and their clients. Following is just a sampling of these accomplishments. Additional news and articles can be found on Partnervest's website at: http://www.partnervest.com/news.html
FIRM DISCLOSURE 1-888-991-9969 www.partnervest.com Securities offered through Partnervest division of Sorrento Pacific Financial LLC member FINRA/SIPC. Investment advisory services provided through Partnervest Advisory Services LLC. Insurance products sold through Partnervest Insurance Services LLC.