Brochure Supplement (Part 2B of Form ADV) Dated October, 2011 This Brochure Supplement of the ADV II, filed with the SEC on April 29, 2011, provides information on the partners and employees of, 832 Camino Del Mar, Suite 4, Del Mar, CA 92014. Additional information about the partners and RIA employees of is also available on the SEC s website www.advisorinfo.sec.gov. Please contact Hazel Easton at hazel@weatherlyassetmgt.com or 1(800) 967-9354 if you have any questions about this supplement Education and Business Standards requires that advisors in its employ have a bachelor's degree and further coursework demonstrating knowledge of financial planning and tax planning. Examples of acceptable coursework include: MBA, CFP, CFA, ChFC, JD, CTFA, CPA, AIF, and Series 65, and Series 3. Additionally, advisors must have work experience that demonstrates their aptitude for financial planning and investment management. Professional Certifications Employees have earned certifications and credentials that are required to be explained in further detail. Certified Financial Planner (CFP ): Certified Financial Planners are licensed by the CFP Board to use the CFP mark. CFP certification requirements: Bachelor s degree from an accredited college or university. Completion of the financial planning education requirements set by the CFP Board (www.cfp.net). Successful completion of the 10-hour CFP Certification Exam. Three-year qualifying full-time work experience. Successfully pass the Candidate Fitness Standards and background check. Chartered Financial Analyst (CFA): Chartered Financial Analysts are licensed by the CFA Institute to use the CFA mark. CFA certification requirements: Hold a bachelor's degree from an accredited institution or have equivalent education or work experience. Successful completion of all three exam levels of the CFA Program. Have 48 months of acceptable professional work experience in the investment decision-making process. Fulfill societal requirements, which vary by society. Unless you are upgrading from affiliate membership, all societies require two sponsor statements as part of each application; these are submitted online by your sponsors. Agree to adhere to and sign the Member's Agreement, a Professional Conduct Statement, and any additional documentation requested by CFA Institute. Series Exams : The Uniform Investment Advisor Law Series Examinations are regarding topics that have been determined to be necessary to understand in order to provide investment advice to clients. The examinations are closed book test, administered by the FINRA, and include Series 65 and 63. PARTNERS OF CAROLYN TAYLOR SENIOR PARTNER Carolyn P. Taylor, majority owner of the partnership, is personally and professionally committed to providing comprehensive high-quality investment management services to clients of. With over 30 years of portfolio management experience to high-net-worth individuals and institutional clients, Carolyn offers a wealth of investment expertise to WAM s clients. Carolyn is an engineer by training, having received her B.S. and B.A. from Stanford University. Her analytical training was initially as an Investment Banker in public finance for Dean Witter Reynolds, Inc. in New York. Carolyn managed over $1 billion in assets during her previous experience as a portfolio manager at Neuberger & Berman in New York and, prior to that, at Payden & Rygel Investment Counsel in Los Angeles. In June 1994, Carolyn relinquished her day-to-day responsibilities at Neuberger & Berman to devote her full attention as President and Chief Investment Officer at Weatherly Asset Management, which began managing client funds in December 1994. Carolyn is a member of the Chartered Financial Analysts Society of San Diego, holds Series 63 and 65 Licenses, and has passed Series 3 and 7 exams. Carolyn Taylor provided a decade of service to the San Diego Foundation s Investment Committee and is currently a board member of a number of other charitable community organizations such as the Pacific Intercultural Exchange, the Jewish Community Foundation, as well as a member of the National Association of Professional Women. Carolyn is a founding member of National Advisors Trust Company; an advisor owned Trust Company with assets of $7.2 billion as of March 2011. Weatherly has been honored with numerous awards and distinctions. Carolyn was chosen for Worth Magazine s Top Financial Advisors List in 1998, 1999, 2001, 2002, 2004, 2006, 2007 and the last year of the list, 2008. She has also received San Diego Magazine s Five-Star Wealth Manager Award 2006, 2007, 2008, 2009, 2010 and 2011. Weatherly was named as a Top Wealth Manager by Bloomberg Wealth Manager in 2003, 2004, 2005, 2006, 2007, 2008, 2009 and 2010. Carolyn was honored in 2008 by the magazine as one of the 50 Distinguished Women in Wealth Management. - 1 -
Date of Birth: September 19, 1959 Education: Stanford University 9/77-6/82, California B.S. - Industrial Engineering B.A. - International Relations Business Background: November 1994-Present, L.P. Senior Portfolio Manager, Partner Chief Compliance Officer September 1988-July 1994 Neuberger & Berman Investment Management May 1992-July 1994 Managing Director September 1988-May 1992 Senior Portfolio Manager June 1986-September 1988 Payden & Rygel Investment Counsel Senior Investment Consultant Portfolio Manager September 1983-February 1986 Dean Witter Reynolds, Inc. Associate - Investment Banking Other Business Activities: None Bankruptcy Petition: None CANDISE HOLMLUND, CFA, CFP, SENIOR CONSULTANT Candise Holmlund, CFA, CFP, brings over 30 years of experience in the financial markets to WAM. Candise, a partner at Weatherly, is responsible for management of client relationships and specializes in financial and estate planning issues along with various analytical functions, including overseeing the firm s covered call strategy, providing client stock option analysis, retirement planning, performance attribution, asset allocation, and general investment analysis. Prior to joining Weatherly, Candise was Vice President, Manager of Trading and Investments at First Interstate Investment Services in Los Angeles, California where she managed a portfolio of $5 billion in Domestic and Foreign Investments for large public pension funds including Cal PERS, Oregon PERS, and Nevada PERS. Candise served as a senior member of the investment committee and provided credit, market, and economic analysis. Before joining First Interstate, Candise traded fixed income securities for Merrill Lynch in their Institutional Sales and Trading Division. Candise was responsible for global money market securities, government securities, futures, and derivative products coverage to large money managers on the West Coast. In a previous role at Merrill Lynch, Candise specialized in restricted stock sales and option execution for key officers of Silicon Valley Companies. Candise is a Certified Financial Planner (CFP) and is a Chartered Financial Analyst (CFA) charter holder, a member of the CFA Institute, the Chartered Financial Analysts Society of San Diego, the Estate Planning Council of San Diego, North County Estate Planning Council, and the Financial Planning Association (FPA). Candise has been a panelist on Wealth Planning Forums and also serves as a Subject Matter Expert (SME) for the Certified Financial Planner Board of Standards (CFP Board). Candise holds a Series 63 License and has also passed Series 3 and Series 7 exams, as well as life and variable insurance exams. Candise has received San Diego Magazine s Five- Star Wealth Manager Award for 2006, 2007, 2008, 2009, 2010 and 2011, the San Diego Magazine Best Personal Wealth Manager in the San Diego Area in 2009 and 2010, and in 2011 Top Scoring Wealth Manager. Wealth Manager Web named her One of 2010 s Top Wealth Managers. Candise resides in Rancho Santa Fe, is active in community, civic, and charitable organizations such as the Children s Hospital Auxiliary. Candise serves on the executive board of the RSF Foundation Women s Fund and the International Bipolar Foundation. - 2 -
Date of Birth: September 16, 1963 Education: Pepperdine University, Malibu B.S.M., California Certified Financial Planner (CFP) Chartered Financial Analyst (CFA) Business Background: January 2001-Present, L.P. Senior Consultant, Partner January 1998-December 2000 Self-Employed Consultant February 1994-December 1997 North Coast Capital Advisors Registered Investment Advisor April 1991-February 1994 First Interstate Investment Service Vice President, CIO, RIA June 1981-April 1991 Merrill Lynch Senior Rep/Trader Other Business Activities: None Bankruptcy Petition: None HAZEL EASTON CONTROLLER, CLIENT SERVICES, FIDUCIARY (AIF ) Hazel Easton has worked at Weatherly alongside the founder, Carolyn Taylor, since the inception of the Firm in 1994. In 2010 Hazel was made an Income Partner of Weatherly and as Controller of the Firm, her main duties are Finance, Compliance, Client Services, Computer Administration and Operations. She also shares responsibility for the monitoring and reporting on our client s portfolios. In addition to her 17 years with WAM, Hazel has over 40 years of prior experience in complimentary professions such as teaching, real estate and accounting. Born and educated in England, Hazel began her career after receiving a Diploma of Education from London University, teaching both in England and the West Indies. After settling in California, Hazel passed the California Real Estate Board exams and, for many years, enjoyed being a Licensed Real Estate Agent and Property Manager with a Century 21 Realtor in Del Mar. This experience, along with further college studies naturally propelled Hazel to occupations in the accounting and financial world. Hazel Easton worked with a Certified Public Accounting Firm and a Commercial Real Estate Firm prior to joining the Team. Hazel Easton is a Registered Investment Adviser Representative (RIA), has passed the Series 2 exam and holds a Series 65 License. Hazel is an Accredited Investment Fiduciary (AIF). She is also a Certified Trust Representative of National Advisors Trust and a member of the La Jolla Trust and Probate Section. She has qualified for the Find a 529 Pro Directory, a listing of professional consultants with knowledge on 529 College Planning and Qualified State Tuition Programs, and is a member of the AIPB. In order to offer clients of Weatherly additional services, she is a Notary Public, bonded in the State of California. Bankruptcy Petition: Non EMPLOYEES OF SCOTT FRANK, CFA WEALTH MANAGEMENT ADVISOR Scott Frank is committed to providing high-quality comprehensive service to clients and prospects of Weatherly Asset Management. His role at WAM encompasses building and maintaining relationship with new and existing clients as well - 3 -
as accurately and efficiently conducting operations, trading, and cash management for Weatherly s clientele. His experience in marketing and wealth management is a welcome addition to Weatherly s existing team of experts, joining the team in 2007. Scott s previous experience is from Fisher Investments in Woodside, CA, where he worked for a number of years as an Account Executive. His responsibilities included facilitating the asset acquisition process with high-net-worth clients while developing his strengths in investment philosophy, investment strategy, and capital markets. Scott received his B.A. degree from the University of Colorado at Boulder in Business with an emphasis in Finance, is a Chartered Financial Analyst (CFA) charter holder and is a member of the CFA Institute and Chartered Financial Analyst Society of San Diego. He also holds a Series 65 License. BRENT ARMSTRONG WEALTH MANAGEMENT PLANNER Brent Armstrong joined the Weatherly team in 2007 and his role has evolved to include responsibilities associated with account performance and security analysis, preparing financial evaluations, and assisting with trading activities. Brent received his B.S. degree in Business Administration with an emphasis in financial services from SDSU where he developed a comprehensive understanding of the financial planning process and its related activities. While attending school, Brent worked for the Newport Beach Fire Department as an Ocean Lifeguard and Jr. Lifeguard Instructor. In addition to his undergraduate training, Brent has been actively preparing to obtain his CFP designation which involves specific training in portfolio management, estate planning, and advanced tax strategy. Brent is continuing his studies with plans to sit for the CFP exam. Brent has passed the Series 3 exam and holds a Series 65 License. He is excited to work with the Weatherly team in continuing to provide clients a progressive, quality level of service, while focusing on individual client goals and objectives. MARY BRENNAN WEALTH MANAGEMENT ASSOCIATE Mary Brennan joined Weatherly in 2007 and works with new and existing clients in operations and client service. Over the past 20 years, Mary has worked in real estate, the legal field, and the financial industry with such firms as Coldwell Banker, Nicholas Applegate, and Saphier & Rein. Mary s background and expertise contribute to the comprehensive wealth services Weatherly offers clients, specifically when refinancing their homes, filing claims in securities litigation, or making beneficiary and account changes. Mary holds a Series 65 License as well as a Real Estate License and is a Certified Trust Representative of National Advisors Trust. Mary received her B.A. in Political Science from California State University, Northridge and is currently pursuing further studies in Financial Planning. ASHLEY COPP WEALTH MANAGEMENT ASSOCIATE Ashley Copp, Wealth Management Associate, joined in 2010 and is dedicated to providing high-quality comprehensive services to clients and prospects. Her role includes working with new and existing clients to support their financial goals, as well as executing thorough operational and back office efforts. Ashley holds a Series 65 License and is a Certified Trust Representative of National Advisors Trust. Ashley received her B.A. degree in Business Administration from Pepperdine University, graduating cum laude, where she pursued an interest in personal finance and was cultured in business ethics. While at Pepperdine Ashley displayed team and leadership skills as a member and captain of the Pepperdine Women s Soccer Team. After graduation Ashley spent 9 months teaching English to students in Spain, allowing her to achieve fluency in another language. Her current position at Weatherly is in line with pursuing her long-term goals of assisting individuals to secure their financial future and developing an extensive understanding of financial markets. Ashley is a Level I candidate in the Chartered Financial Analyst program. KELLI RUBY WEALTH MANAGEMENT ASSOCIATE Kelli Ruby joined the Weatherly Management Team as a Wealth Management Associate to provide additional support in delivering excellent service to prospective and existing clients of the firm, while maintaining Weatherly s high standards of communication, services, and education. Kelli holds a B.S. in International Business from Xavier University in Cincinnati, Ohio. Interested in finance, Kelli pursued further education at The Ohio State University. Prior to Weatherly, Kelli had two years of experience in the commercial real estate industry. Kelli is a Certified Trust Representative of National Advisors Trust and is currently preparing for the Series 65 exam. - 4 -
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