Introduction

Purkiss Capital Advisors, LLC is registered as an investment adviser with the U.S. Securities and Exchange Commission. Investment Advisory Services and Brokerage fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

 

What investment services and advice can you provide me?

We offer services to individuals and families. Accounts: By serving individuals and families, we offer various types of accounts including qualified (retirement) and nonqualified accounts. Investments: We use mutual funds, exchange traded funds, stocks, and bonds to construct portfolios.

 

Monitoring: We monitor portfolios and securities in accounts on an ongoing basis. We communicate with you frequently and also meet with you as needed, or at least annually, depending on your needs. Investment Authority: Consistent with our fiduciary duty to act on your behalf at all times, we provide our services on a perpetual discretionary basis. We execute investment recommendations and specific transactions, in accordance with your investment objectives. Our engagement will continue until you notify us otherwise in writing. Limited Investment Offerings: We are not limited to a specific menu of products, or investment, nor do we have a proprietary relationship with any other institution. Account Minimums and Other Requirements: We do not require an account or relationship size minimum in order for you to open/maintain an account or establish a relationship.

 

For more detailed information on our relationships and services, please see Item 4 – Advisory Services and Item 7 – Types of Clients of our Form ADV Part 2A.

 

Conversation Starters

§  Given my financial situation, should I choose an investment advisory service? Why or why not?

§  How will you choose investments to recommend to me?

§  What is your relevant experience, including your licenses, education, and other qualifications? What do these qualifications mean?

 

What fees will I pay?

You will pay an ongoing asset-based fee. This fee will be collected at the end of each quarter and is calculated as a percentage of the value of the cash and investments in your account[s] that we manage. No fees are paid in advance. Conflicts of Interest: The more assets in your advisory account, the more you will pay in advisory fees, and we therefore have an incentive to encourage you to increase the assets in your account. Other Fees and Costs: In addition to our advisory fee, you will also be responsible for custodian fees, account maintenance fees, fees related to mutual funds, and other transactional fees. You may also pay additional fees for additional services such as financial planning, account aggregation services or consulting services; these services are billed separately and are charged hourly or at a fixed rate, with account aggregation services offered as an asset-based fee charged at the end of the quarter. Any additional fees, billed by us, will be agreed upon in advance.

 

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

 

For more detailed information on our fees, please see Item 5 – Fees and Compensation of our Form ADV Part 2A.

 

Conversation Starters

§  Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?

§  What is “fee-only” and is it the same as “fee-based”?

 

What Are Your Legal Obligations to Me When Acting as My Investment Adviser? How Else Does Your Firm Make Money and What Conflicts of Interest Do You Have?

 

When we act as your investment adviser, we have to act in your best interest and not put our interests ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. We make every effort to minimize these conflicts. We will recommend that you open your account with a specific custodian, where we have an institutional relationship and receive preferential treatment for our clients. However, you ultimately decide where to open your accounts. Choosing a different custodian may result in the loss of quality of service and/or ability to obtain favorable prices. We have a financial incentive to recommend that you rollover retirement plan assets into an IRA we manage; however, we seek to educate you on your options and the fees and benefits associated with each choice and then allow you to choose which you feel is in your best interest.

 

For more detailed information on conflicts of interest, please see Item 10 – Other Financial Industry Activities and Affiliations, Item 12 – Brokerage Practices and Item 14 – Client Referrals and Other Compensation of our Form ADV Part 2A.

 

Conversation Starters

§  How might your conflicts of interest affect me, and how will you address them?

 

How Do Your Financial Professionals Make Money?

Our financial professionals are compensated based on an agreed upon annual salary and firm owners are additionally compensated with  net profits.

 

Do you or your financial professionals have legal or disciplinary history?

No. You can visit www.investor.gov for a free and simple search tool to research our firm and our financial professionals.

 

Conversation Starters

§  As a financial professional, do you have any disciplinary history? For what type of conduct?

 

Additional Information

You can find additional information about our investment advisory services by visiting www.sec.gov/check-your-investment-professional and searching with our CRD #124324 or by visiting www.pcapadvisors.com. You can request up to date information and a copy of our client relationship summary by contacting us at allen@pcapadvisors.com or (203) 431-5862.

 

Conversation Starters

§  Who is my primary contact person? Is he or she a representative of an investment adviser? Who can I talk to if I have concerns about how this person is treating me?