Form ADV - BlueSky Wealth Advisors

BLUESKY WEALTH ADVISORS, LLC
2131 S. Glenburnie Road, Suite 8
New Bern, NC 28562
Tel. (252) 633-0107
1811 Santa Rita Road, Suite 211
Pleasanton, CA 94566
Tel. (925) 846-3768
www.blueskywa.com
December 15, 2014
FORM ADV PART 2A
BROCHURE
This brochure provides information about the qualifications and business practices of BlueSky
Wealth Advisors, LLC. If you have any questions about the contents of this brochure, please
contact us at (252) 633-0107 or via e-mail at [email protected] The information in this
brochure has not been approved or verified by the United States Securities and Exchange
Commission or by any state securities authority.
Additional information about BlueSky Wealth Advisors, LLC is also available on the SEC's
website at www.adviserinfo.sec.gov. The searchable IARD/CRD number for BlueSky Wealth
Advisors, LLC is 116760.
BlueSky Wealth Advisors, LLC is a registered investment adviser. Registration with the United
States Securities and Exchange Commission or any state securities authority does not imply a
certain level of skill or training.
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Item 2 Summary of Material Changes
The following is a Summary of the Material Changes to the Part 2A disclosure brochure for BlueSky
Wealth Advisors, LLC which have occurred since the filing of our last annual updating amendment on
March 8, 2013.
We amended our brochure to disclose that we may charge fixed fees for investment management
services ranging from $1,000 and $40,000 and we re-named our wealth planning services to financial
planning services.
We disclosed we require a minimum of $400,000 to open and maintain an advisory account. At our
discretion, we may waive this minimum account size.
We disclosed we recommend the brokerage and custodial services of Fidelity Institutional Wealth
Services.
In connection with our acquisition of Pleasanton Financial Advisors, we transitioned to SEC registration
in September, 2013.
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Item 3 Table Of Contents
Item 1 Cover Page
Item 2 Summary of Material Changes
Item 3 Table Of Contents
Item 4 Advisory Business
Item 5 Fees and Compensation
Item 6 Performance-Based Fees and Side-By-Side Management
Item 7 Types of Clients
Item 8 Methods of Analysis, Investment Strategies and Risk of Loss
Item 9 Disciplinary Information
Item 10 Other Financial Industry Activities and Affiliations
Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading
Item 12 Brokerage Practices
Item 13 Review of Accounts
Item 14 Client Referrals and Other Compensation
Item 15 Custody
Item 16 Investment Discretion
Item 17 Voting Client Securities
Item 18 Financial Information
Item 19 Requirements for State Registered Advisers
Item 20 Additional Information
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Item 4 Advisory Business
Description of Services and Fees
BlueSky Wealth Advisors, LLC is a registered investment adviser with offices in New Bern, North
Carolina and Pleasanton, California. We are organized as a limited liability company under the laws of
the State of North Carolina and we have been providing investment advisory services since 1999.
David Blain and Caroline Blain are our principal owners.
We provide broad based advisory services designed to provide you with a plan that is aimed at
integrating your overall investment, tax, estate, insurance, and other planning needs. Our advisory
services consist of financial planning and discretionary investment management as described below.
You may retain us to provide both financial planning and investment management or you may engage
us to provide either service exclusive of the other.
The following paragraphs describe our services and fees. Please refer to the description of each
investment advisory service listed below for information on how we tailor our advisory services to your
individual needs. As used in this brochure, the words "we", "our" and "us" refer to BlueSky Wealth
Advisors, LLC and the words "you", "your" and "client" refer to you as either a client or prospective
client of our firm. Also, you may see the term Associated Person or Investment Adviser Representative
throughout this Brochure. As used in this Brochure, our Associated Persons or Investment Adviser
Representatives are our firm's officers, employees, and all individuals providing investment advice on
behalf of our firm.
Financial Planning
Financial planning will typically involve providing a variety of services, principally advisory in nature, to
you regarding the management of your financial resources based upon an analysis of your individual
needs.
At the inception of the client relationship, we will establish your objectives by collecting data and
reviewing your financial information and circumstances. Once such information has been reviewed and
analyzed, written reports designed to achieve your stated financial goals and objectives will be
produced and presented to you. The primary objective of this process is to allow us to assist you in
developing a strategy for the successful management of income, assets and liabilities in meeting your
financial goals and objectives.
Financial plans may incorporate recommendations with respect to cash flow, assets and liabilities,
asset allocation, insurance analysis, education funding, retirement planning, estate planning, tax
strategies, asset protection, real estate, charitable giving, equity compensation, and small business
planning. Additionally, financial planning services include periodic reviews and assistance to you in
implementing the plan as mutually agreed upon.
Financial plans are based on your financial situation at the time the plan is presented and are based on
the financial information disclosed by you to us. You are advised that certain assumptions may be
made with respect to interest and inflation rates and the use of past trends and performance of the
market and economy. Past performance is in no way an indication of future performance. We cannot
offer any guarantees or promises that your financial goals and objectives will be met. As your financial
situation, goals, objectives, or needs change, you must notify us promptly.
Financial planning is offered through a retainer or defined service relationship.
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For financial planning retainer services, we charge a negotiable annual fee ranging between $1,000
and $40,000. We will deduct our fee directly from your investment account through the qualified
custodian holding your funds and securities only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements
from your account. You should review all statements for accuracy. Fees are billed monthly in arrears. If
mutually agreed upon, we may invoice you directly for the payment of our fee.
Fees will be assessed pro rata in the event your agreement is executed at any time other than the first
day of a calendar month. Either party, upon receipt of ten days written notice from the other, may
terminate the agreement. In the event of termination, fees will be charged on a pro-rata basis based on
the work performed or based on the number of days in the month for which you are a client. Any prepaid unearned fees will be refunded to you.
For financial planning defined services we charge a fixed fee ranging between $1,000 and $20,000.
We will invoice you directly for the payment of our fees, half of which fee we require to be paid up front
and the remainder due upon completion of the work performed or as otherwise agreed.
For financial planning services performed outside of the scope of retainer or defined service, we
charge a negotiable fee of up to $400 per hour due upon receipt of invoice. Fees and fee paying
arrangements will be determined on a case-by-case basis depending on the scope and complexity of
the services to be performed. At no time will we charge you more than $500 and for six months or
more in advance.
In certain circumstances, if you retain us to provide investment management services, you may not be
charged separate fees for financial planning services and/or may be charged lower fees than those
stated above.
Investment Management
We provide discretionary investment management and the advice provided is tailored to meet your
needs and investment objectives. We will utilize information gathered in the financial planning process
or at the inception of the relationship such as your risk tolerance, risk capacity, investment objectives
and other relevant information, and will provide an investment policy statement to you.
Based upon the investment policy statement, we will recommend an initial portfolio of securities which
may be customized for you in accordance with your risk tolerance and investing objectives. We may
also invest your assets according to one or more model portfolios developed by our firm. Once we
construct an investment portfolio for you, or select a model portfolio, we will monitor your portfolio's
performance on an ongoing basis, and will place trades and rebalance the portfolio as required by
changes in market conditions and in your financial circumstances.
If you participate in our discretionary investment management services, we require you to grant our
firm discretionary authority to manage your account. Discretionary authorization will allow our firm to
determine the specific securities, and the amount of securities, to be purchased or sold for your
account without your approval prior to each transaction. Discretionary authority is typically granted by
the client advisory agreement you sign with our firm, a power of attorney, or trading authorization
forms.
Investment Management is offered with a variable fee, charged monthly in arrears based on the value
of your accounts at the end of month according to the following negotiable tiered fee schedule:
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Account Value
On the First $5,000,000
$5,000,001 to $10,000,000
$10,000,001 to $15,000,000
Balances above $15,000,001
Annual Fee
0.50%
0.40%
0.10%
0.01%
We may allow accounts of members of the same household to be aggregated for purposes of meeting
fee breakpoints. We may allow such aggregation, for example, where we service accounts on behalf of
minor children of current clients, individual and joint accounts for a spouse, and other types of related
accounts.
We will deduct our fee directly from your investment account through the qualified custodian holding
your funds and securities only when you have given our firm written authorization permitting the fees to
be paid directly from your account. Further, the qualified custodian will deliver an account statement to
you at least quarterly. These account statements will show all disbursements from your account. You
should review all statements for accuracy. If mutually agreed upon, we may invoice you directly for the
payment of our fee.
Fees will be assessed pro rata in the event your agreement is executed at any time other than the first
day of a calendar month. Either party, upon receipt of ten days written notice from the other, may
terminate the agreement. In the event of termination, fees will be charged on a pro-rata basis based on
the work performed or based on the number of days in the month for which you are a client. Any prepaid unearned fees will be refunded to you.
In certain circumstances, if you retain us to provide financial planning services, you may not be
charged separate fees for investment management services and/or may be charged lower fees than
those stated above.
Legacy Clients
Certain legacy clients may pay different fees (lower or higher) than those stated above or may pay a
fixed annual fee. They may also pay their fees quarterly in advance. Certain client agreements may be
subject to a fourteen day termination provision.
Tax Preparation Services
We provide personal and small business tax preparation services to clients. The fees charged for such
services are separate and apart from the fees charged by us for advisory services and clients are
under no obligation to use us for tax related services. Under certain circumstances tax preparation
services may be included as part of other services at no additional charge.
Types of Investments
We do not primarily offer advice on one type of security over another and offer advice on a broad range
of investments.
We do not participate in or sponsor a wrap fee program.
Assets Under Management
As of December 8, 2014, we manage $252,028,647 in client assets on a discretionary basis.
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Item 5 Fees and Compensation
Please refer to the Advisory Business section in this brochure for information on our advisory fees, fee
deduction arrangements, and refund policy according to each service we offer.
Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and Exchange Traded Funds ("ETFs"). The fees that you pay to our firm for investment
advisory services are separate and distinct from the fees and expenses charged by mutual funds or
ETFs (described in each fund's prospectus) to their shareholders. These fees will generally include a
management fee and other fund expenses. You may also incur transaction charges and/or brokerage
fees when purchasing or selling securities. These charges and fees are typically imposed by the
broker-dealer or custodian through whom your account transactions are executed. We do not share in
any portion of the brokerage fees/transaction charges imposed by the broker-dealer or custodian. To
fully understand the total cost you will incur, you should review all the fees charged by mutual funds,
ETFs, our firm, and others. For information on our brokerage practices, please refer to the Brokerage
Practices section of this brochure.
We may trade client accounts on margin. Each client must sign a separate margin agreement before
margin is extended to that client account. Fees for advice and execution on these securities are based
on the total asset value of the account, which includes the value of the securities purchased on margin.
While a negative amount may show on a client's statement for the margined security as the result of a
lower net market value, the amount of the fee is based on the absolute market value. This could create
a conflict of interest where we may have an incentive to encourage the use of margin to create a
higher market value and therefore receive a higher fee. The use of margin may also result in interest
charges in addition to all other fees and expenses associated with the security involved.
Item 6 Performance-Based Fees and Side-By-Side Management
We do not accept performance-based fees or participate in side-by-side management. Side-by-side
management refers to the practice of managing accounts that are charged performance-based fees
while at the same time managing accounts that are not charged performance-based fees.
Performance-based fees are fees that are based on a share of capital gains or capital appreciation of a
client's account. Our fees are calculated as described in the Advisory Business section above, and are
not charged on the basis of a share of capital gains upon or capital appreciation of the funds in your
advisory account.
Item 7 Types of Clients
We offer investment advisory services to individuals, endowments, pension and profit sharing plans,
trusts, estates, charitable organizations, corporations, and other business entities.
In general, we require a minimum of $500,000 to open and maintain an advisory account or payment
of annual financial planning and investment advisory fees in the amount of $5,000 or more. At our
discretion, we may waive this minimum account size or annual fee amount. For example, we may
waive the minimum if you appear to have significant potential for increasing your assets under our
management. We may also combine account values for you and your minor children, joint accounts
with your spouse, and other types of related accounts to meet the stated minimum.
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Item 8 Methods of Analysis, Investment Strategies and Risk of Loss
Our Methods of Analysis and Investment Strategies
Rather than trying to analyze and select individual securities for inclusion in client portfolios, we spend
the majority of our time analyzing and studying the optimal allocation of a client's investment portfolio
among the various asset classes. Assets classes considered include, but are not limited to, US
equities, international equities, emerging market equities, real estate,commodities, US bonds, Foreign
bonds and cash. We include those asset classes in a client's portfolio that we believe, when combined
together, will offer the highest probability of a client achieving his or her goals at an appropriate risk
level for that client.
We evaluate a wide variety of both current and historical performance, macro-economic trends, and
valuation data of the various asset classes to set the portfolio policy as well as to make adjustments to
the policy over time. Adjustments to the portfolio policy include overweighting, under weighting or in
some circumstances avoiding a particular asset class based on our analysis of the potential risk
reward profile.
In most instances, when executing a strategy for investing in a specific investment class, we employ a
passive strategy believing that a client is best served by a low-cost, low income tax impact investment
strategy. When we believe a manager can bring either additional return or added risk control to the
return of an asset class, we will assess the managers which meet a set of quantitative criteria,
including risk-adjusted returns in comparison with peer managers, low-cost structure, sensitivity to
income tax impact when executing the strategy, and longevity of the manager executing the strategy,
among other factors.
We adhere to the following basic asset management tenets when managing a client's portfolio:
• Diversify extensively across multiple asset classes for optimal risk-adjusted returns;
• Base the majority of recommendations on secular or long-term asset class fundamentals;
• Occasionally take advantage of short-term valuation divergences or unusual opportunities in the
markets;
• Execute and follow written investment policy guidelines;
• Seek opportunities to globalize the portfolio holdings across all asset classes;
• Employ low-cost investment products when possible as a strategy for increasing returns;
• Manage the portfolio in a tax efficient manner;
• Rebalance the portfolio methodically within the investment policy asset allocation targets;
• Manage clients' decision-making behaviors for successful portfolio outcomes.
Our investment strategies and advice may vary depending upon each client's specific financial
situation. As such, we determine investments and allocations based upon your predefined objectives,
risk tolerance, time horizon, financial horizon, financial information, liquidity needs, and other various
suitability factors. Your restrictions and guidelines may affect the composition of your portfolio.
Risks Associated with Methods of Analysis and Investment Strategies
We are aware of the multiple risks that a client's portfolio may face including:
•
•
•
•
•
volatility risk;
interest rate risk;
risk associated with deflation or inflation;
liquidity risk;
the risk of increasing withdrawal demands during protracted negative returns in the markets;
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• changing risk capacity of a client due to personal life changes;
• changing risk perception of a client due to emotional response to market changes, negative or
positive; and
• regulatory risk.
We consider carefully these risks and the proper asset allocation that might mitigate each of these
risks based on the unique goals and needs of each client.
Our portfolio analysis methods rely on the assumption that the individual stocks and bonds, mutual
funds, and ETFs that we purchase and sell, the rating agencies that review these securities, and other
publicly-available sources of information about these securities, are providing accurate and unbiased
data. While we are alert to indications that data may be incorrect, there is always a risk that our
analysis may be compromised by inaccurate or misleading information.
Risk of Loss
Investing in securities involves risk of loss that you should be prepared to bear. We do not represent or
guarantee that our services or methods of analysis can or will predict future results, successfully
identify market tops or bottoms, or insulate clients from losses due to market corrections or declines.
We cannot offer any guarantees or promises that your financial goals and objectives will be met. Past
performance is in no way an indication of future performance.
Recommendation of Particular Types of Securities
As disclosed under the Advisory Business section above, we recommend all types of securities and we
do not necessarily recommend one particular type of security over another since each client has
different needs and different tolerance for risk. Each type of security has its own unique set of risks
associated with it and it would not be possible to list here all of the specific risks of every type of
investment. Even within the same type of investment, risks can vary widely. However, in very general
terms, the higher the anticipated return of an investment, the higher the risk of loss associated with it.
Item 9 Disciplinary Information
BlueSky Wealth Advisors, LLC has been registered and providing investment advisory services since
1999. Neither our firm nor any of our Associated Persons has any reportable disciplinary information.
Item 10 Other Financial Industry Activities and Affiliations
We have not provided information on other financial industry activities and affiliations because we do
not have any relationship or arrangement that is material to our advisory business or to our clients with
any of the types of entities listed below.
• Broker-dealer, municipal securities dealer, or government securities dealer or broker;
• Investment company or other pooled investment vehicle (including a mutual fund, closed-end
investment company, unit investment trust, private investment company or "hedge fund," and
offshore fund);
• Other investment adviser or financial planner;
• Futures commission merchant, commodity pool operator, or commodity trading advisor;
• Banking or thrift institution;
• Accountant or accounting firm;
• Lawyer or law firm;
• Insurance company or agency;
• Pension consultant;
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• Real estate broker or dealer;
• Sponsor or syndicator of limited partnerships.
A non-control employee of BlueSky Wealth Advisors LLC, Thomas Presley, holds a Certified Public
Accountant ("CPA") license in the State of North Carolina and Commonwealth of Pennsylvania. He
does not provide CPA services (audit, public attestation opinions, or financial statement compilation) on
behalf of BlueSky Wealth Advisors, LLC. He does prepare individual and small business tax returns for
clients in his capacity as an employee.
Item 11 Code of Ethics, Participation or Interest in Client Transactions and
Personal Trading
Description of Our Code of Ethics
We strive to comply with applicable laws and regulations governing our practices. Therefore, our Code
of Ethics 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. All of our Associated Persons are expected to adhere
strictly to these guidelines. Our Code of Ethics also requires that certain persons associated with our
firm submit reports of their personal account holdings and transactions to a qualified representative of
our firm who will review these reports on a periodic basis. Persons associated with our firm are also
required to report any violations of our Code of Ethics. Additionally, we maintain and enforce written
policies reasonably designed to prevent the misuse or dissemination of material, non-public
information about you or your account holdings by persons associated with our firm.
Clients or prospective clients may obtain a copy of our Code of Ethics by contacting us at the
telephone number on the cover page of this brochure.
Participation or Interest in Client Transactions
Neither our firm nor any of our Associated Persons has any material financial interest in client
transactions beyond the provision of investment advisory services as disclosed in this brochure.
Personal Trading Practices
Our firm or the Associated Persons with our firm may buy or sell securities for you at the same time we
buy or sell such securities for our own account. We may also combine our orders to purchase
securities with your orders to purchase securities ("block trading"). Please refer to the Brokerage
Practices section in this brochure for information on our block trading practices.
A conflict of interest exists in such cases because we have the ability to trade ahead of you and
potentially receive more favorable prices than you will receive. To eliminate this conflict of interest, it is
our policy that neither our Associated Persons nor we shall have priority over your account in the
purchase or sale of securities.
Item 12 Brokerage Practices
Brokerage Recommendation
We do not maintain custody of your assets that we manage or on which we advise, although we may
be deemed to have custody of your assets if you give us authority to withdraw assets from your
account (see Custody below). Your assets must be maintained in an account at a "qualified custodian,"
generally a broker-dealer or bank. We recommend that clients in need of brokerage and custodial
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services utilize Charles Schwab & Co., Inc. ("Schwab"), registered broker-dealer, member SIPC, and
Fidelity Institutional Wealth Services ("Fidelity") (for certain legacy clients), registered broker-dealer,
member SIPC, among others, as the qualified custodian,.among others, as the qualified custodian.
We are independently owned and operated and are not affiliated with Schwab or Fidelity. Schwab or
Fidelity will hold your assets in a brokerage account and buy and sell securities when we instruct them
to. While we recommend that you use Schwab or Fidelity as custodian/broker, you will decide whether
to do so and will open your account with Schwab or Fidelity by entering into an account agreement
directly with them. We do not open the account for you, although we may assist you in doing so. Even
though your account is maintained at Schwab or Fidelity, we can still use other brokers to execute
trades for your account as described below (see Your Brokerage and Custody Costs below ).
Your Brokerage and Custody Costs
For our clients' accounts that Schwab/Fidelity maintains, Schwab/Fidelity generally does not charge
you separately for custody services but is compensated by charging you commissions or other fees on
trades that it executes or that settle into your Schwab/Fidelity account.
Schwab Commissions and Fees
Schwab's commission rates applicable to our client accounts were negotiated based on the condition
that our clients collectively maintain a total of at least $10 million of their assets in accounts at Schwab.
This commitment benefits you because the overall commission rates you pay are lower than they
would be otherwise. In addition to commissions, Schwab charges you a flat dollar amount as a "prime
broker" or "trade away" fee for each trade that we have executed by a different broker-dealer but
where the securities bought or the funds from the securities sold are deposited (settled) into your
Schwab account. These fees are in addition to the commissions or other compensation you pay the
executing broker-dealer. Because of this, in order to minimize your trading costs, we have Schwab
execute most trades for your account. We have determined that having Schwab execute most trades is
consistent with our duty to seek "best execution" of your trades. Best execution means the most
favorable terms for a transaction based on all relevant factors, including those listed above (see
Brokerage Recommendation above ).
Fidelity Commissions and Fees
Fidelity's commission rates applicable to our clients' accounts were negotiated based on the overall
assets that our clients collectively maintain at Fidelity. This benefits you because the overall
commission rates your pay may be lower than they would be otherwise.
Products and Services Available to Us From Schwab
Schwab Advisor Services (formerly called Schwab Institutional) is Schwab's business serving
independent investment advisory firms like us. They provide us and our clients with access to its
institutional brokerage - trading, custody, reporting, and related services - many of which are not
typically available to Schwab retail customers. Schwab also makes available various support services.
Some of those services help us manage or administer our clients' accounts while others help us
manage and grow our business. Schwab's support services generally are available on an unsolicited
basis (we don't have to request them) and at no charge to us as long as our clients collectively
maintain a total of at least $10 million of their assets in accounts at Schwab. If our clients collectively
have less than $10 million in assets at Schwab, Schwab may charge us quarterly service fees of
$1,200. Following is a more detailed description of Schwab's support services:
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Services That Benefit You
Schwab's institutional brokerage services include access to a broad range of investment products,
execution of securities transactions, and custody of client assets. The investment products available
through Schwab include some to which we might not otherwise have access or that would require a
significantly higher minimum initial investment by our clients. Schwab's services described in this
paragraph generally benefit you and your account.
Services That May Not Directly Benefit You
Schwab also makes available to us other products and services that benefit us but may not directly
benefit you or your account. These products and services assist us in managing and administering our
clients' accounts. They include investment research, both Schwab's own and that of third parties. We
may use this research to service all or a substantial number of our clients' accounts, including accounts
not maintained at Schwab. In addition to investment research, Schwab also makes available software
and other technology that:
• Provide access to client account data (such as duplicate trade confirmations and account
statements);
• Facilitate trade execution and allocate aggregated trade orders for multiple client accounts;
• Provide pricing and other market data;
• Facilitate payment of our fees from our clients' accounts;
• Assist with back-office functions, recordkeeping, and client reporting services that generally
benefit only us.
Schwab also offers other services intended to help us manage and further develop our business
enterprise. These services include:
•
•
•
•
Educational conferences and events;
Consulting on technology, compliance, legal, and business needs;
Publications and conferences on practice management and business succession;
Access to employee benefits providers, human capital consultants, and insurance providers.
Schwab may provide some of these services itself. In other cases, it will arrange for third-party vendors
to provide the services to us. Schwab may also discount or waive its fees for some of these services or
pay all or a part of a third party's fees. Schwab may also provide us with other benefits, such as
occasional business entertainment of our personnel.
Our Interest in Schwab's Services
The availability of these services from Schwab benefits us because we do not have to produce or
purchase them. We don't have to pay for Schwab's services so long as our clients collectively keep a
total of at least $10 million of their assets in accounts at Schwab. Beyond that, these services are not
contingent upon us committing any specific amount of business to Schwab in trading commissions or
assets in custody. The $10 million minimum may give us an incentive to recommend that you maintain
your account with Schwab, based on our interest in receiving Schwab's services that benefit our
business rather than based on your interest in receiving the best value in custody services and the
most favorable execution of your transactions. This is a potential conflict of interest. We believe,
however, that our selection of Schwab as custodian and broker is in the best interests of our clients.
Our selection is primarily supported by the scope, quality, and price of Schwab's services (see
Brokerage Recommendations above) and not Schwab's services that benefit only us. We do not
believe that recommending our clients to collectively maintain at least $10 million of those assets at
Schwab in order to avoid paying Schwab quarterly service fees presents a material conflict of interest.
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Products and Services Available to Us From Fidelity
The benefits provided by Fidelity include assistance with practice management and assistance with the
management of client accounts, including but not limited to: (a) receipt of electronic duplicate client
confirmations; (b) receipt of electronic duplicate statements; (c) access to a trading desk serving
investment adviser firm participants exclusively, and providing research, pricing information, and other
market data; (d) access to the investment advisor portion of their web sites which includes practice
management articles, compliance updates, and other financial planning related information and
research materials (including, for example, rating reports on individual companies from Standard and
Poor's or other sources); (e) access to other vendors (such as insurance or compliance providers, or
providers of research or other materials) on a discounted fee basis through discounts arranged by
Fidelity; (f) permitting us to access an electronic communication network for client order entry and to
access clients' account information and which may otherwise assist us with its back-office functions,
including recordkeeping and client reporting; and (g) conferences at which advisors and employees of
our firms may attend (with no registration fees) and receive education on issues such as practice
management, marketing, investment theory, financial planning, business succession, regulatory
compliance, and information technology.
Fidelity may also provide access to certain mutual funds which generally require significantly higher
minimum initial investments or are generally available only to institutional investors. Educational,
research, or other services provided by Fidelity)or mutual fund companies may benefit all of our clients,
or may benefit only some clients.
Execution
We believe that Schwab and Fidelity provide quality execution services for you at competitive prices.
Price is not the sole factor we consider in evaluating best execution. We also consider the quality of the
brokerage services provided by Schwab and Fidelity, including the value of research provided and
other products and services that benefit us (see Products and Services Available to Us From Schwab
and Fidelityabove), the firm's reputation, execution capabilities, commission rates, and responsiveness
to our clients and our firm. In recognition of the value of research services and additional brokerage
products and services Schwab and Fidelity provides, you may pay higher commissions and/or trading
costs than those that may be available elsewhere.
Brokerage for Client Referrals
We do not receive client referrals from broker-dealers in exchange for cash or other compensation,
such as brokerage services or research.
Directed Brokerage
In limited circumstances, and at our discretion, some clients may instruct our firm to use one or more
particular brokers or custodians instead of Schwab or Fidelity. If you choose to direct our firm to use a
particular broker, you should understand that this might prevent our firm from aggregating trades with
other client accounts. This practice may also prevent our firm from obtaining favorable net price and
execution. Thus, when directing brokerage business, you should consider whether the commission
expenses, execution, clearance, and settlement capabilities that you will obtain through your broker
are adequately favorable in comparison to those that we would otherwise obtain for you.
Block Trades
Transactions for each client generally will be effected independently, unless we decide to purchase or
sell the same securities for several clients at approximately the same time. We may, but are not
obligated to, combine multiple orders for shares of the same securities purchased for advisory
accounts we manage (this practice is commonly referred to as "block trading"). If we do block trade, we
will then distribute a portion of the shares to participating accounts in a fair and equitable manner. The
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distribution of the shares purchased is typically proportionate to the size of the account, but it is not
based on account performance or the amount or structure of management fees. Subject to our
discretion regarding factual and market conditions, when we combine orders, each participating
account pays an average price per share for all transactions and pays a proportionate share of all
transaction costs on any given day. Accounts owned by our firm or persons associated with our firm
may participate in block trading with your accounts; however, they will not be given preferential
treatment.
In the event orders are not block traded, clients may receive different prices for the same securities
transactions. Furthermore, clients may not be able to buy or sell the same quantity of securities and
may be charged higher fees or commissions, than if transactions were aggregated.
Item 13 Review of Accounts
Investment Management
An Investment Adviser Representative of our firm will monitor your accounts on an ongoing basis and
will conduct periodic reviews to ensure the advisory services provided to you and/or the portfolio mix is
consistent with your stated investment needs and objectives. Additional reviews may be conducted
based on various circumstances, including, but not limited to:
• Contributions and withdrawals;
• Year-end tax planning;
• Market moving events;
• Security specific events, and/or;
• Changes in your risk/return objectives.
We will provide you with a quarterly report detailing the performance of your account. You will receive
trade confirmations and monthly or quarterly statements from your account custodian(s).
Financial Planning
We will provide financial planning reports summarizing our analysis and conclusions as requested by
the client or otherwise agreed to in writing by our firm.
We will review/update your report at your request, as needed and/or as detailed in the client
agreement. Reviews/updates may be subject to an additional charge.
Item 14 Client Referrals and Other Compensation
We do not receive any compensation from any third party in connection with providing investment
advice to you nor do we compensate any individual or firm for client referrals.
Please refer to the Brokerage Practices section above for disclosures on research and other benefits
we may receive resulting from our relationship with Schwab or Fidelity.
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Item 15 Custody
As paying agent for our firm, your independent custodian will directly debit your account(s) for the
payment of our advisory fees. This ability to deduct our advisory fees from your accounts causes our
firm to exercise limited custody over your funds or securities. We do not have physical custody of any
of your funds and/or securities. Your funds and securities will be held with a bank, broker-dealer, or
other independent, qualified custodian. You will receive account statements from the independent,
qualified custodian(s) holding your funds and securities at least quarterly. The account statements from
your custodian(s) will indicate the amount of our advisory fees deducted from your account(s) each
billing period. You should carefully review account statements for accuracy.
If you have a question regarding your account statement, or if you did not receive a statement from
your custodian, please contact us directly at the telephone number on the cover page of this brochure.
Item 16 Investment Discretion
Before we can buy or sell securities on your behalf, you must first sign our client advisory agreement, a
power of attorney, and/or trading authorization forms.
You may grant our firm discretion over the selection and amount of securities to be purchased or sold
for your account(s) without obtaining your consent or approval prior to each transaction. Please refer to
the Advisory Business section in this brochure for more information on our discretionary management
services.
Item 17 Voting Client Securities
Proxy Voting
We will not vote proxies on behalf of your advisory accounts. If you own shares of applicable securities,
you are responsible for exercising your right to vote as a shareholder.
In most cases, you will receive proxy materials directly from the account custodian. However, in the
event we were to receive any written or electronic proxy materials, we would forward them directly to
you by mail, unless you have authorized our firm to contact you by electronic mail, in which case, we
would forward any electronic solicitation to vote proxies.
Item 18 Financial Information
Our firm does not have any financial conditions or impairments that would prevent us from meeting our
contractual commitments to you. We do not take physical custody of client funds or securities, or serve
as trustee or signatory for client accounts, and, we do not require the prepayment of more than $500
in fees six or more months in advance. Therefore, we are not required to include a financial statement
with this brochure.
Item 19 Requirements for State Registered Advisers
We are a federally registered investment adviser; therefore, we are not required to respond to this item.
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Item 20 Additional Information
Your Privacy
We view protecting your private information as a top priority. Pursuant to applicable privacy
requirements, we have instituted policies and procedures to ensure that we keep your personal
information private and secure.
We do not disclose any nonpublic personal information about you to any nonaffiliated third parties,
except as permitted by law. In the course of servicing your account, we may share some information
with our service providers, such as transfer agents, custodians, broker-dealers, accountants,
consultants, and attorneys.
We restrict internal access to nonpublic personal information about you to employees, who need that
information in order to provide products or services to you. We maintain physical and procedural
safeguards that comply with regulatory standards to guard your nonpublic personal information and to
ensure our integrity and confidentiality. We will not sell information about you or your accounts to
anyone. We do not share your information unless it is required to process a transaction, at your
request, or required by law.
You will receive a copy of our privacy notice prior to or at the time you sign an advisory agreement with
our firm. Thereafter, we will deliver a copy of the current privacy notice to you on an annual basis.
Please contact our main office at the telephone number on the cover page of this brochure if you have
any questions regarding this policy.
Trade Errors
In the event a trading error occurs in your account, our policy is to restore your account to the position
it should have been in had the trading error not occurred. Depending on the circumstances, corrective
actions may include canceling the trade, adjusting an allocation, and/or reimbursing the account.
If a profit results from the correcting trade, the gain will remain in your account unless the same error
involved other client account(s) that should have received the gain, you are not permitted to keep the
gain, or you do not want the profit (e.g., due to tax reasons). If the profit does not remain in your
account, and your account is custodied at Schwab: Schwab will donate the amount of any profit $100
and over to charity. If a loss occurs greater than $100, we will pay for the loss. Schwab will keep the
loss or profit (if you do not keep the profit) if it is under $100 to minimize and offset its administrative
time and expense. Generally, if related trade errors result in profit and losses in your account, they may
be netted.
Class Action Lawsuits
We do not determine if securities held by you are the subject of a class action lawsuit or whether you
are eligible to participate in class action settlements or litigation nor do we initiate or participate in
litigation to recover damages on your behalf for injuries as a result of actions, misconduct, or
negligence by issuers of securities held by you.
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DAVID L. BLAIN, CFA®
CRD# 3174553
2131 S. Glenburnie Road, Suite 8
New Bern, NC 28562
Tel. (252) 633-0107
December 10, 2014
FORM ADV PART 2B
BROCHURE SUPPLEMENT
This brochure supplement provides information about David L. Blain that supplements the
BlueSky Wealth Advisors, LLC brochure. You should have received a copy of that brochure.
Please contact David Blain at (252) 633-0107 or via e-mail at [email protected] if you
did not receive BlueSky Wealth Advisors, LLC's brochure or if you have any questions about
the contents of this supplement.
Additional information about David L. Blain, is available on the SEC's website at
www.adviserinfo.sec.gov.
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©2012 National Compliance Services 800-800-3204
Item 2 Educational Background and Business Experience
DAVID BLAIN, CFA®
Year of Birth: 1966
Formal Education after High School:
• United States Military Academy, B.S., Engineering, 1989
Business Background:
• BlueSky Wealth Advisors, LLC, Managing Member, 07/2003 - Present
• Blain Investment Counsel, Investment Advisor, Sole Proprietor, 02/1999 - 07/2003
• United States Army, Officer, 05/1989 - 09/1999
Certifications:
Chartered Financial Analyst (CFA®): [09/2003] The Chartered Financial Analyst (CFA) charter is a
globally respected, graduate-level investment credential established in 1962 and awarded by CFA
Institute — the largest global association of investment professionals.
There are currently more than 90,000 CFA charterholders working in 135 countries. To earn the CFA
charter, candidates must: 1) pass three sequential, six-hour examinations; 2) have at least four years
of qualified professional investment experience; 3) join CFA Institute as members; and 4) commit to
abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of
Professional Conduct.
High Ethical Standards
The CFA Institute Code of Ethics and Standards of Professional Conduct, enforced through an active
professional conduct program, require CFA charterholders to:
• Place their clients' interests ahead of their own;
• Maintain independence and objectivity;
• Act with integrity;
• Maintain and improve their professional competence;
• Disclose conflicts of interest and legal matters.
Global Recognition
Passing the three CFA exams is a difficult feat that requires extensive study (successful candidates
report spending an average of 300 hours of study per level). Earning the CFA charter demonstrates
mastery of many of the advanced skills needed for investment analysis and decision making in today's
quickly evolving global financial industry. As a result, employers and clients are increasingly seeking
CFA charterholders—often making the charter a prerequisite for employment.
Additionally, regulatory bodies in 19 countries recognize the CFA charter as a proxy for meeting certain
licensing requirements, and more than 125 colleges and universities around the world have
incorporated a majority of the CFA Program curriculum into their own finance courses.
Comprehensive and Current Knowledge
The CFA Program curriculum provides a comprehensive framework of knowledge for investment
decision making and is firmly grounded in the knowledge and skills used every day in the investment
profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental
and advanced investment topics, including ethical and professional standards, fixed-income and equity
analysis, alternative and derivative investments, economics, financial reporting standards, portfolio
management, and wealth planning.
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©2012 National Compliance Services 800-800-3204
The CFA Program curriculum is updated every year by experts from around the world to ensure that
candidates learn the most relevant and practical new tools, ideas, and investment and wealth
management skills to reflect the dynamic and complex nature of the profession.
Item 3 Disciplinary Information
Mr. Blain does not have any reportable disciplinary information.
Item 4 Other Business Activities
David Blain is an owner of Swift Creek Plantation LLC, a real estate holding and development
company located in New Bern, NC. He devotes less than 2 hours per week to this activity and no
investment advisory clients are solicited to invest in this company.
Item 5 Additional Compensation
David Blain does not receive any additional compensation for providing advisory services beyond that
received in his capacity as Managing Member of BlueSky Wealth Advisors, LLC.
Item 6 Supervision
As managing member of BlueSky Wealth Advisors, LLC. Mr. Blain is not supervised by other persons.
However, we have in place written supervisory procedures that are reasonably designed to detect and
prevent violations of securities laws, rules and regulations.
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©2012 National Compliance Services 800-800-3204
JOHN B. GJERTSEN, CFA® ,CFP®
CRD # 5187962
2131 S. Glenburnie Road, Suite 8
New Bern, NC 28562
Tel. (252) 633-0107
December 10, 2014
FORM ADV PART 2B
BROCHURE SUPPLEMENT
This brochure supplement provides information about John B. Gjertsen that supplements the
BlueSky Wealth Advisors, LLC brochure. You should have received a copy of that brochure.
Please contact David Blain at (252) 633-0107 or via e-mail at [email protected] if you
did not receive BlueSky Wealth Advisors, LLC's brochure or if you have any questions about
the contents of this supplement.
Additional information about John B. Gjertsen, is available on the SEC's website at
www.adviserinfo.sec.gov.
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©2012 National Compliance Services 800-800-3204
Item 2 Educational Background and Business Experience
JOHN B. GJERTSEN, CFA®, CFP®
Year of Birth: 1974
Formal Education after High School:
• Rice University, B.A., Computational & Applied Mathematics/Managerial Studies, 1996
Business Background:
• BlueSky Wealth Advisors, LLC, Wealth Planner, 04/2010 - Present
• Steadfast Financial Services, Inc., Financial Planner, 09/2007 - 04/2010
• PremiereTrade, LLC, Software Developer, 07/2006 - 8/2007
• Riptide Software, Software Developer, 12/2005 - 06/2006
• Kinetics, Software Developer, 01/2003 - 11/2005
Certifications: Certified Financial Planner ['CFP®'], [7/2009]
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
©2012 National Compliance Services 800-800-3204
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.
Chartered Financial Analyst (CFA®): [09/2003] The Chartered Financial Analyst (CFA) charter is a
globally respected, graduate-level investment credential established in 1962 and awarded by CFA
Institute — the largest global association of investment professionals.
There are currently more than 90,000 CFA charterholders working in 135 countries. To earn the CFA
charter, candidates must: 1) pass three sequential, six-hour examinations; 2) have at least four years
of qualified professional investment experience; 3) join CFA Institute as members; and 4) commit to
abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of
Professional Conduct.
High Ethical Standards
The CFA Institute Code of Ethics and Standards of Professional Conduct, enforced through an active
professional conduct program, require CFA charterholders to:
• Place their clients' interests ahead of their own;
• Maintain independence and objectivity;
• Act with integrity;
• Maintain and improve their professional competence;
• Disclose conflicts of interest and legal matters.
Global Recognition
Passing the three CFA exams is a difficult feat that requires extensive study (successful candidates
report spending an average of 300 hours of study per level). Earning the CFA charter demonstrates
mastery of many of the advanced skills needed for investment analysis and decision making in today's
quickly evolving global financial industry. As a result, employers and clients are increasingly seeking
CFA charterholders—often making the charter a prerequisite for employment.
Additionally, regulatory bodies in 19 countries recognize the CFA charter as a proxy for meeting certain
licensing requirements, and more than 125 colleges and universities around the world have
incorporated a majority of the CFA Program curriculum into their own finance courses.
Comprehensive and Current Knowledge
The CFA Program curriculum provides a comprehensive framework of knowledge for investment
decision making and is firmly grounded in the knowledge and skills used every day in the investment
profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental
and advanced investment topics, including ethical and professional standards, fixed-income and equity
analysis, alternative and derivative investments, economics, financial reporting standards, portfolio
management, and wealth planning.
The CFA Program curriculum is updated every year by experts from around the world to ensure that
candidates learn the most relevant and practical new tools, ideas, and investment and wealth
management skills to reflect the dynamic and complex nature of the profession.
3
©2012 National Compliance Services 800-800-3204
Enrolled Agent ['EA'], [1/2010]
An Enrolled Agent has earned the right to represent taxpayers before the Internal Revenue Service
worldwide.
Enrolled Agents are licensed by the Department of Treasury, and can represent taxpayers throughout
the United States and overseas, wherever IRS has an outpost. Most state and local governments
recognize the Enrolled Agent designation and grant representation powers to Enrolled Agents.
Required Curriculum
Candidates who wish to become an Enrolled Agent must meet the following qualifying criteria:
Apply for enrollment using IRS Form 2587
Pass a background check to ensure that you have not engaged in any conduct that would justify the
suspension or disbarment of an attorney, CPA, or Enrolled Agent from practice before the IRS.
Follow one of these two tracks:
Online Examination
Candidates must achieve passing scores on each of a three-part online Special Enrollment
Examination (SEE).
IRS Experience
Candidates can become an enrolled agent by virtue of past service and technical experience working
for the Internal Revenue Service in certain jobs or positions. Generally, there is a five-year experience
requirement in positions that require certain levels of technical experience.
Item 3 Disciplinary Information
Mr. Gjertsen does not have any reportable disciplinary information.
Item 4 Other Business Activities
John Gjersten does not have any other business activities.
Item 5 Additional Compensation
John Gjersten does not receive any additional compensation for providing advisory services beyond
that received in his capacity as Wealth Planner of BlueSky Wealth Advisors, LLC.
Item 6 Supervision
David Blain, managing member of BlueSky Wealth Advisors, LLC is responsible for supervising the
advisory activities of Mr. Gjertsen. Mr. Blain can be reached at (252) 633-0107 or via e-mail at
[email protected] As part of his supervisory responsibilities Mr. Blain periodically reviews
accounts and monitors client communications.
We have in place written supervisory procedures that are reasonably designed to detect and prevent
violations of securities laws, rules and regulations.
4
©2012 National Compliance Services 800-800-3204
Beth G. Pickenpaugh, CFP®
CRD # 5739958
2131 S. Glenburnie Road, Suite 8
New Bern, NC 28562
Tel. (252) 633-0107
December 10, 2014
FORM ADV PART 2B
BROCHURE SUPPLEMENT
This brochure supplement provides information about Beth G. Pickenpaugh that supplements
the BlueSky Wealth Advisors, LLC brochure. You should have received a copy of that brochure.
Please contact David Blain at (252) 633-0107 or via e-mail at [email protected] if you
did not receive BlueSky Wealth Advisors, LLC's brochure or if you have any questions about
the contents of this supplement.
Additional information about Beth G. Pickenpaugh, is available on the SEC's website at
www.adviserinfo.sec.gov.
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©2012 National Compliance Services 800-800-3204
Item 2 Educational Background and Business Experience
Beth G. Pickenpaugh, CFP®
Year of Birth: 1963
Formal Education after High School:
• The College of William and Mary, MS in Mathematics and Operations Research, 1992
• Seton Hill University, BA in Mathematics, 1985
Business Background:
• BlueSky Wealth Advisors, LLC, Wealth Planner, 03/2014 - Present
• Fullen Financial Group, Inc., Investment Adviser Representative, 07/2012 - 01/2014
• Gianola Financial Planning, Inc., Financial Planner, 10/2009 - 07/2012
Certifications: Certified Financial Planner ['CFP®'], [2009/11]
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
2
©2012 National Compliance Services 800-800-3204
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.
Item 3 Disciplinary Information
Ms. Pickenpaugh does not have any reportable disciplinary information.
Item 4 Other Business Activities
Beth Pickenpaugh does not have any other business activities.
Item 5 Additional Compensation
Ms. Pickenpaugh does not receive any additional compensation for providing advisory services beyond
that received in her capacity as Wealth Planner of BlueSky Wealth Advisors, LLC.
Item 6 Supervision
David Blain, managing member of BlueSky Wealth Advisors, LLC is responsible for supervising the
advisory activities of Ms. Pickenpaugh. Mr. Blain can be reached at (252) 633-0107 or via e-mail
at [email protected] As part of his supervisory responsibilities Mr. Blain periodically reviews
accounts and monitors client communications.
We have in place written supervisory procedures that are reasonably designed to detect and prevent
violations of securities laws, rules and regulations.
3
©2012 National Compliance Services 800-800-3204
BRONWYN SHONE, MFA, CFP®
CRD # 4541321
1811 Santa Rita Road Suite 211
Pleasanton, CA 94566
Tel. (925) 846-3768
Fax (925) 600-7574
December 10, 2014
FORM ADV PART 2B
BROCHURE SUPPLEMENT
This brochure supplement provides information about Bronwyn Shone that supplements the
BlueSky Wealth Advisors, LLC brochure. You should have received a copy of that brochure.
Please contact us at (925) 846-3768 or via e-mail at [email protected] if you did not
receive BlueSky Wealth Advisors, LLC's brochure or if you have any questions about the
contents of this supplement.
Additional information about Bronwyn Shone is available on the SEC's website at
www.adviserinfo.sec.gov.
1
©2012 National Compliance Services 800-800-3204
Item 2 Educational Background and Business Experience
BRONWYN SHONE, CFP®
Year of Birth: 1969
Formal Education after High School:
• Certificate in Personal Financial Planning, American College, 2007
• Colorado State University, MFA Degree, 1998
• University of Arizona, BA, 1991
Business Background:
• BlueSky Wealth Advisors, LLC, Senior Financial Planner, 09/2013 to Present
• Pleasanton Financial Advisors, LLC, Investment Adviser Representative, 01/2008 to 09/2013
• Pleasanton Financial Advisors, LLC, Paraplanner, 01/2005 to 01/2008
• Small Business Consultant, 10/2003 - 01/2005
• HR Block, Tax Preparer 10/2003-5/2004
• Paul Knoblich Retirement Planning, Paraplanner, 4/2002-7/2003
• Jupiter Media Metrix/Net Market Makers, Web Content Manager, 4/2000-5/2001
Certifications: Certified Financial Planner ['CFP®']
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
2
©2012 National Compliance Services 800-800-3204
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.
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
Ms. Shone does not have any reportable disciplinary information.
Item 4 Other Business Activities
Bronwyn Shone does not have any other business activities.
Item 5 Additional Compensation
Bronwyn Shone does not receive any additional compensation for providing advisory services beyond
that received in her capacity as Financial Planner of BlueSky Wealth Advisors, LLC.
Item 6 Supervision
David Blain, managing member of BlueSky Wealth Advisors, LLC is responsible for supervising the
advisory activities of Ms. Shone. Mr. Blain can be reached at (925) 846-3768 or via e-mail at
[email protected] As part of his supervisory responsibilities Mr. Blain periodically reviews
accounts and monitors client communications.
We have in place written supervisory procedures that are reasonably designed to detect and prevent
violations of securities laws, rules and regulations.
3
©2012 National Compliance Services 800-800-3204
RICHARD G. GROSS, MBA, CFP®,CMFC®
CRD # 53965880
1811 Santa Rita Road Suite 211
Pleasanton, CA 94566
Tel. (925) 846-3768
Fax (925) 600-7574
December 10, 2014
FORM ADV PART 2B
BROCHURE SUPPLEMENT
This brochure supplement provides information about Richard Gross that supplements the
BlueSky Wealth Advisors, LLC brochure. You should have received a copy of that brochure.
Please contact us at (925) 846-3768 or via e-mail at [email protected] if you did not
receive BlueSky Wealth Advisors, LLC 's brochure or if you have any questions about the
contents of this supplement.
Additional information about Richard Gross is available on the SEC's website at
www.adviserinfo.sec.gov.
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©2012 National Compliance Services 800-800-3204
Item 2 Educational Background and Business Experience
RICHARD GROSS, MBA, CFP®, CMFC®
Year of Birth: 1955
Formal Education after High School:
• Certificate in Personal Financial Planning, University of California, 2007
• Chartered Mutual Fund Counselor, College of Financial Planning, 2007
• Holy Names College, MS, 1994
• Pepperdine University, MBA, 1985
• University of Buffalo, BS, 1977
Business Background:
• BlueSky Wealth Advisors, LLC, Financial Planner, 09/2013 to Present
• Pleasanton Financial Advisors, LLC, Investment Adviser Representative, 03/2009 to 09/2013
• Pleasanton Financial Advisors, LLC, Paraplanner, 12/2005 to 03/2009
• Westaff, Senior Vice President, 10/2002 to 07/2005
• Spherion, Group Vice President, 11/2000 to 07/2002
Certifications: Certified Financial Planner ['CFP®']
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,
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©2012 National Compliance Services 800-800-3204
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.
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.
Chartered Mutual Fund Counselor ['CMFC®']
Individuals who hold the CMFC® designation have completed a course of study encompassing all
aspects of mutual funds and their uses as investment vehicles. Additionally, individuals must pass an
end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical
concepts to real-life situations.
Designees renew their designation every two-years by completing 16 hours of continuing education,
reaffirming adherence to the Standards of Professional Conduct and complying with self-disclosure
requirements.
Item 3 Disciplinary Information
Mr. Gross does not have any reportable disciplinary information.
Item 4 Other Business Activities
Richard Gross does not have any other business activities.
Item 5 Additional Compensation
Richard Gross does not receive any additional compensation for providing advisory services beyond
that received in his capacity as Financial Planner of BlueSky Wealth Advisors, LLC.
Item 6 Supervision
David Blain, managing member of BlueSky Wealth Advisors, LLC is responsible for supervising the
advisory activities of Mr. Gross. Mr. Blain can be reached at (925) 846-3768 or via e-mail
at [email protected] As part of his supervisory responsibilities Mr. Blain periodically reviews
accounts and monitors client communications.
We have in place written supervisory procedures that are reasonably designed to detect and prevent
violations of securities laws, rules and regulations.
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©2012 National Compliance Services 800-800-3204
NANCY COUMOU
CRD #6381602
1811 Santa Rita Road Suite 211
Pleasanton, CA 94566
Tel. (925) 846-3768
Fax (925) 600-7574
December 10, 2014
FORM ADV PART 2B
BROCHURE SUPPLEMENT
This brochure supplement provides information about Nancy N. Coumou that supplements the
BlueSky Wealth Advisors, LLC brochure. You should have received a copy of that brochure.
Please contact us at (925) 846-3768 or via e-mail at [email protected] If you did not
receive BlueSky Wealth Advisors, LLC's brochure or if you have any questions about the
contents of this supplement.
Additional information about Nancy Coumou is available on the SEC's website at
www.adviserinfo.sec.gov.
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©2012 National Compliance Services 800-800-3204
Item 2 Educational Background and Business Experience
NANCY COUMOU
Year of Birth: 1963
Formal Education after High School:
• Husson College, BS, Business Administration, May 1986
Business Background:
• BlueSky Wealth Advisors, LLC, Wealth Planner, 09/2014 to Present
• BlueSky Wealth Advisors, LLC, Paraplanner, 09/2013 to 09/2014
• Pleasanton Financial Advisors, LLC, Paraplanner, 03/2008 to 08/2013
Item 3 Disciplinary Information
Ms. Coumou does not have any reportable disciplinary information.
Item 4 Other Business Activities
Nancy Coumou does not have any other business activities.
Item 5 Additional Compensation
Ms. Coumou does not receive any additional compensation for providing advisory services beyond that
received in her capacity as Wealth Planner of BlueSky Wealth Advisors.
Item 6 Supervision
David Blain, Managing Member of BlueSky Wealth Advisors, LLC is responsible for supervising the
advisory activities of Ms. Coumou. Mr. Blain can be reached at (252) 633-0107 or via e-mail at
[email protected] As part of his supervisory responsibilities Mr. Blain periodically reviews
accounts and monitors client communications.
We have in place written supervisory procedures that are reasonably designed to detect and prevent
violations of securities laws, rules and regulations.
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©2012 National Compliance Services 800-800-3204
MADELINE VALENTE BROWN
CRD # 5497525
1811 Santa Rita Road Suite 211
Pleasanton, CA 94566
Tel. (925) 846-3768
Fax (925) 600-7574
December 10, 2014
FORM ADV PART 2B
BROCHURE SUPPLEMENT
This brochure supplement provides information about Madeline Brown that supplements the
BlueSky Wealth Advisors, LLC brochure. You should have received a copy of that brochure.
Please contact us at (925) 846-3768 or via e-mail at [email protected] if you did not
receive BlueSky Wealth Advisors, LLC's brochure or if you have any questions about the
contents of this supplement.
Additional information about Madeline Brown is available on the SEC's website at
www.adviserinfo.sec.gov.
1
©2012 National Compliance Services 800-800-3204
Item 2 Educational Background and Business Experience
MADELINE BROWN
Year of Birth: 1972
Formal Education after High School:
• Certificate in Personal Financial Planning, University of California - Los Angeles, 2003
• University of California - Davis, BA, 1994
Business Background:
• BlueSky Wealth Advisors, LLC, Financial Planner, 09/2013 to Present
• Pleasanton Financial Advisors, LLC, Paraplanner, 01/2003 to 09/2013
• Peoplesoft, Project Manager/Product Manager, 08/1999 to 06/2001
Item 3 Disciplinary Information
Ms. Brown does not have any reportable disciplinary information.
Item 4 Other Business Activities
Madeline Brown does not have any other business activities.
Item 5 Additional Compensation
Madeline Brown does not receive any additional compensation for providing advisory services beyond
that received in her capacity as Financial Planner of BlueSky Wealth Advisors.
Item 6 Supervision
David Blain, managing member of BlueSky Wealth Advisors, LLC, is responsible for supervising the
advisory activities of Ms. Brown. Mr. Blain can be reached at (925) 846-3768 or via e-mail at
[email protected] As part of his supervisory responsibilities Mr. Blain periodically reviews
accounts and monitors client communications.
We have in place written supervisory procedures that are reasonably designed to detect and prevent
violations of securities laws, rules and regulations.
2
©2012 National Compliance Services 800-800-3204