HomeMy WebLinkAbout2009 07 13 Consent 204 Renewal of Agreement with Bogdahn Consulting, LLCCOMMISSION AGENDA
Consent X
Informational
ITEM 2 0 4 Public Hearing
Regular
July 13.2009
Regular Meeting
REQUEST: City Manager requesting the City Commission to consider a
recommendation from the Board of Trustees (Pension Board) regarding renewal of
the Agreement for 3rd Party Pension Plan Advisory services with Bogdahn Consulting,
LLC.
PURPOSE: This agenda item is needed for the Commission to consider a recommendation
from the Board of Trustees (Pension Board) regarding renewal of the Agreement for 3rd
Party Pension Plan Advisory services with Bogdahn Consulting, LLC.
CONSIDERATION: On June 12, 2006, the City Commission accepted the Board of Trustees'
recommendation to engage Bogdahn Consulting, LLC for 3rd Party Pension Plan Advisory
Services for athree-year term. A contract was executed accordingly.
On June 16, 2009, the Board of Trustees voted unanimously to recommend approval of the
renewal of the Agreement for 3rd Party Pension Plan Advisory Services with Bogdahn
Consulting, LLC for an additional two-year period.
RECOMMENDATION: The City Manager recommends the Commission approve the Board
of Trustees' recommendation and authorize the City Manager to enter into an Agreement
with Bogdahn Consulting, LLC for renewal of 3rd Party Pension Plan Advisory Services to the
City of Winter Springs Defined Benefit Pension Plan for atwo-year period.
ATTACHMENTS:
a) Contract Renewal Addendum -Bogdahn Consulting, LLC.
COMMISSION ACTION:
ADDENDUM TO
AGREEMENT FOR INVESTMENT PERFORMANCE
MONITORING AND ADVISORY SERVICES
THIS ADDENDUM ("Addendum") is entered into this _ day of ,
2009, by and between BOGDAHN CONSULTING, LLC, a Florida limited liability company
("Monitor"), and THE CITY OF WINTER SPRINGS, a Florida municipal corporation,
("city").
WITNESSETH:
WHEREAS, Monitor and City are party to that Agreement for Investment Performance
Monitoring and Advisory Services ("Agreement") dated July 1, 2006; and
WHEREAS, the Agreement is scheduled to terminate on June 30, 2009; and
WHEREAS, section 3.1 of the Agreement provides that the Agreement may be extended
for an additional term upon the written consent of both parties; and
WHEREAS, Monitor and City desire to extend the term of the Agreement for an
additional two (2) years; and
WHEREAS, during a duly notice public meeting on June 16, 2009, the City's Board of
Trustees approved the terms and conditions contained within this Addendum.
NOW THEREFORE, in consideration of the mutual promises herein contained, the
parties agree as follows:
1.0 Recitals. The foregoing recitals are hereby deemed true and correct and are
incorporated herein by this reference as a material part of this Addendum.
2.0 Extension of Term of Agreement. The term of the Agreement is hereby
extended for an additional two (2) years, commencing on July I, 2009 and terminating on June
30, 2011.
3.0 Miscellaneous. Any other term or condition of the Agreement not expressly
modified by this Addendum shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals on the
day first written above.
[EXECUTION PAGE FOLLOWS]
ADDENDUM TO AGREEMENT FOR INVESTMENT PERFORMANCE
MONITORING & ADVISORY SERVICES
City of Winter Springs / Bogdahn Consulting, LLC
Page 1 of 2
MONITOR:
By:
BOGDAHN CONSULTING, LLC,
a Florida limited liability company.
By:
Print Name:
Title:
CITY:
CITY OF WINTER SPRINGS
a Florida municipal corporation.
Kevin Smith
City Manager
ADDENDUM TO AGREEMENT FOR INVESTMENT PERFORMANCE
MONITORING & ADVISORY SERVICES
City of Winter Springs / Bogdahn Consulting, LLC
Page 2 of 2
ADDENDUM TO
AGREEMENT FOR INVESTMENT PERFORMANCE
MONITORING AND ADVISORY SERVICES
THIS ADDENDUM ("Addendum") is entered into this ~~day of :, ,
2009, by and between BOGDAHN CONSULTING, LLC, a Florida limited liability pany
("Monitor"), and THE CITY OF WINTER SPRINGS, a Florida municipal co oration,
("City").
WITNESSETH:
WHEREAS, Monitor and City are party to that Agreement for Investment Performance
Monitoring and Advisory Services ("Agreement") dated July 1, 2006; and
WHEREAS, the Agreement is scheduled to terminate on June 30, 2009; and
WHEREAS, section 3.1 of the Agreement provides that the Agreement may be extended
for an additional term upon the written consent of both parties; and
WHEREAS, Monitor and City desire to extend the term of the Agreement for an
additional two (2) years; and
WHEREAS, during a duly notice public meeting on June 16, 2009, the City's Board of
Trustees approved the terms and conditions contained within this Addendum.
NOW THEREFORE, in consideration of the mutual promises herein contained, the
parties agree as follows:
1.0 Recitals. The foregoing recitals are hereby deemed true and correct and are
incorporated herein by this reference as a material part of this Addendum.
2.0 Extension of Term of Agreement. The term of the Agreement is hereby
extended for an additional two (2) years, commencing on July 1, 2009 and terminating on June
30, 2011.
3.0 Miscellaneous. Any other term or condition of the Agreement not expressly
modified by this Addendum shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals on the
day first written above.
[EXECUTION PAGE FOLLOWS]
ADDENDUM TO AGREEMENT FOR INVESTMENT PERFORMANCE
MONITORING & ADVISORY SERVICES
City of Winter Springs / Bogdahn Consulting, LLC
Page 1 of 2
MONITOR:
BOGDAHN CONSULTING, LLC,
a Florida limited liability company.
B ~ ~` ~~
y S
Print Name: ~ i~ ~ ~ ~ rx~-~ ~
Title: ~ll-. nr r ~ ,~
CITY:
CITY OF WINTER SPRINGS
a Florida municipal corporation.
By:
<evin ~ ith
City Manager
ADDENDUM TO AGREEMENT FOR INVESTMENT PERFORMANCE
MONITORING & ADVISORY SERVICES
City of Winter Springs / Bogdahn Consulting, LLC
Page 2 of 2
FORM ADV
Part If -Page 1
Uniform Application for Investment Adviser Registration
Name of lnvestmenl Adviser.
Bogdahn Consulting, LLC
address: (Number and Street) (City) (State} (Zip Code) area Code. Telephone Number.
340 Central Avenue, Suite 300 Winker Haven FL 33880 (863} 293-8289
This part of Form ADV gives information about the investment adviser and Its business for the use of clients.
The information has not been approved or verified by any government authority.
Table of Contents
Item Number Item
1 Advisory Services and Fees ........................................ .
2 Types of Clients ................................................. .
3 Types of Investments ..............................................
4 Mekhods of Analysis, Sources of Information and Investment Strategies ..... .
5 Education and Business Standards ................................... .
b Education and Business Background ................................. .
7 Other Business Activities .......................................... .
$ Other Financial Industry Activities or Affiliations ....................... .
9 Participation or Interest in Client Transactions ......................... .
10 Conditions for Managing Accounts .................................. .
l 1 Review of Accounts .............................................. .
12 Investment or Brokerage Discretion ...................................
13 Additional Compensakion .......................................... .
14 Balance Sheet ....................................................
Continuation Sheet ................................................
Balance Sheet, if required ............................................
PSee
2
2
3
3
4
4
4
4
5
5
5
6
b
b
Schedule F
Schedule G
(Schedules A, H, C, D, and E nre included with Pnrt I of this Form, far the use of regulatory bodies, and are not distributed to dknts.)
Potential persons who are to respond to the collection of infotmation contained in this form
Are not required to respond unless the farm displays a currently valid OM$ control number.
Prepared by Florida Securities Consulting Services, lne. (BtlO) 595.3727
FORM ADV Applicant:
Part It -Page 2 Bogdahn Consulting, LLC
SEC File Number: I Date:
BO1-58253 _ (January 1, 20119
Definitions fot Part it
Related person -Any officer, director or partner of applicant or any person directly or indirectly controlling, controlled by, or under common coatml wish
the applicant, including any non-clerical, non-ministerial employee.
Investment Supervisory Services -Giving continuous investment advice to a client (or making investments for the client) based on the individual needs of
the client. Individual needs include, for example, the nature of other client assets and the client's personal and family obligations.
A. Advisory Services and Fees. (check the applicable boxes} For each type of service provided, state the approximate % of
total advisory billings from that service.
Appl icant: (See instruction below.)
^ (I) Provides investment supervisory services .................................................. . .
^ (2) Manages investment advisory accounts not involving investment supervisory services ................... °G
® (3) Furnishes investment advice through consultations not included in either service described above .......... 75%
^ (4) Issues periodicals about securities by subscription ............................................
^ (5) Issues special reports about securities not included in any service described above ........
............. •
_Jo
^ (6) Issues, not as part of any service describcd above, any charts, graphs, formulas, or other devices which clients
may use to evaluate securities .................................................. ~y
® (7) On more than an occasional basis, furnishes advice to clients on matters not involving securities ........... 20%
^ (8) Provides a timing service ...............................................................
® (9) Furnishes advice about securities in any manner rtot described above .............................. 5%
(Percentages should be based on applicant's last fiscal year. if applicant has not completed its first fiscal year, provide
estimates of advisory billings for that year and state that the percentages are estimates.)
Yes No
B. Does the applicant call any of the services it checked above financial planning or some similar term? ........... ^
C. Applicant offers investment advisory services for: (check all that apply):
^ (I) A percentage of assets under management ^ (4) Subscription fees
^ (2) Hourly charges ^ (5) Commissions
® {3) Flared fees (not including subscription Fees} ^ (ti) Other
D. For each checked box in A above, describe on Schedule F:
the services provided, including the name of any publication or report issued by the adviser on a
subscription basis or for a fee
applicant's basic fee schedule, how fees are charged and whether its fees aze negotiable
when compensation is payable, and if compensation is payable before service is provided, how a client
may get a refund or may terminate an investment advisory contract before its expiration date
2. Types of Clients -Applicant generally provides investment advice to: (check those that apply)
® A. lndividuais ® E. Trusts, estates, or charitable organizations
^ B. Banks or thrift institutions ® F. Corporations or business entities other than those
listed above
^ C. Investment companies
® G. Other (describe on Schedule F)
® D. Pension and profct sharing plans
Answer all items. Complete amended pages in full, c[rcte amended items and [Ue with eYetut[on page (page 1).
Prepared by Fbrida Securities Consulting Services, Inc. (800) 59rr3727
FORM ADV Applicant: SEC Filc Number: Date.
Part II -Page 3 Bogdahn Consulting, LLC 801- 58253 January I, 2009
3. Types of Investments. Applicant offers advice on the following: (check those that apply}
A. Equity Securities ® H. United States govemment securities
® {I} exchange-listed securities
® (2) securities traded over-the-taunter 1. Options contracts on:
® (3} foreign issues ^ (1) securities
^ (Z) commodities
® B. Warrants
J. Futures contracts an:
® C. Corporate debt securities ^ (1) tangibles
(other than commercial paper} ^ (2) intangibles
® D. Commercial paper K. Interests in partnerships investing in:
® (1 } real estate
® E. Certificates of deposit ^ (2) oil and gas interests
® (3) other (explain on Schedule F)
® F. Municipal securities
^ L. Other (explain on Schedule F}
G. Investment company securities
® (1 } variable life insurance
® (2) variable annuities
® (3) mutual fund shazes
4. Methods of Analysis, Sources of Information, and Investment Strategies.
A. Applicant's security analysis methods include: (check those that apply}
(1) ^ Charting (4} ^ Cyclical
(2) ^ Fundamental (5) ®Other (explain on Schedule F)
(3) ^ Technical
B. The main sources of information applicant uses include: (check those that apply}
(1} ®Financial newspapers and magazines (5) ^ Timing services
(2) ^ Inspections of corporate activities (6} ®Annua! reports, prospectuses, filings with the
Securities and Exchange Conunission
(3} ® Research materials prepared by others (7) ®Company press releases
(4) ®Cotporate rating services ($} ®Other (explain on Schedule F)
C. The investment strategies used to implement any investment advice given to clients include: (check those that apply)
(1) ^ Long term purchases (5) ^ Margin transactions
(securities held al least a year]
(2) ^ Short term purchases (6) ^ OpGon writing, including covered options,
(securities sold within a yeaz} uncovered options or spreading strategies
(3) ^ Trading (securities sold within 30 days)
(~ ®Other (explain on Schedule F}
(4} ^ Short sales
Answer all items. Complete amended pages In full, clrcle amended items and Itle with execution page (page L).
Prepared by Florida SeeuriBes Consulting Services, Ine. (800} 595-3727
F~RM ASV Applicant: SEC File Number: Date:
Part U -Page 4 Bogdahn Consulting, LLC B01-58253 January 1, 2009
5. Education and Business Standards.
Are there any general standards of education or business experience that applicant requires of those involved in Yes No
determining or giving investment advice to clients? ................................................ ® ^
(If yes, describe these standards on Schedule F.)
6. Education and Business Background.
For.
• each member of the investment committee or group that determines general investment advice to be given to clients, or
• if the applicant has no investment committee ar group, each individual who determines genera[ investment advice given
to clients {if more than five, respond only for their supervisors}
• each principal executive officer of applicant or each person with sinvlar status or performing similar functions.
On S chedule F, give the:
• name • formal education after high school
• year of birth • business background for the preceding five years
7. Other Business Activities. (check those that apply)
^ A. Applicant is actively engaged in a business other than giving investment advice.
^ B. Applicant sells products or services other than investment advice to clients.
^ C. 'fhe principal business of applicant or its principal executive officers involves something other than
providing investment advice.
(For each checked box describe the other activities, including the time spent on them, on Schedule F.)
8. Other Financial Industry Activities or AlCiliations. (check those that apply)
^ A. Applicant is registered (or has an application pending) as a securities broker-dealer.
^ B. Applicant is registered {or has an application pending) as a futures commission merchant, commodity
pool operator or commodity trading adviser.
C. Applicant has arrangements that are material to its advisory business or its clients with a related person who is a:
^ (1) broker-dealer ^ (7) accounting firm
^ {2) investment company ^ (8) law firm
^ (3} other investment adviser ^ (9} insurance company or agency
^ (4) Fnancial planning firm ^ {10} pension consultant
^ (5) commodity pool operator, commodity trading ^ (11) real estate broker or dealer
adviser or futures commission merchant
^ (12) entity that creates or packages limited partnerships
^ (6) banking or thrift institution
(For each checked box in C, on Schedule F identify the related person and describe the relationship and the arangements.)
D. Is applicant or a related person a general partner in any partnership in which clients are solicited to Yes No
investl ........................................................................... ^
(If yes, describe on Schedule F the partnerships and what they invest in.)
Answer all items. Complete amended pages in full, clrcte amended !terns and file with ezecuttoa page (page 1).
Prepared by Florida Securities Consulting ServlCes, Inc. (800) 595.3727
FORM ADV ~ A~'li~'t~ I SEC File Number. I Date:
Part [{ -Page 5 ~ Bogdahn Consulting, LLC ~ 801- 58253 ~ January 1, 2009 ~
9. Participation or interest in Client Transactions.
Applicant or a related person: (check those that apply)
^ A. As principal, buys securities for itself from or sells securities it owns to any client.
^ B. As broker or agent effects securities transactions for compensation for any client.
^ C. As broker or agent for any person other than a client effects transactions in which client securities are sold to
or bought from a brokerage customer.
^ D. Recommends to clients that they buy or sell securities or investment products in which the applicant or a related
person has some financial interest.
^ E. Buys or sells for itself securities that it also recommends to clients.
{For each box checked, describe on Schedule F when the applicant or a related person engages in these transactions and what
restrictions, intental procedures, or disclosures are used for conflicts of interest in those transactions.}
10. Conditions for Managing Accounts. Does the applicant provide investment supervisory services, manage investment advisory
accounts or hold itself out as providing financial planning or some similarly termed services and impose a minimum dollar value of Yes No
assets or other conditions for starting or maintaining an account? ..................................................... ^
{If yes, describe on Schedule F.}
11. Review of Accounts. If applicant provides investment supervisory services, manages investment advisory accounts, or holds
itself out as providing financial planning or same similarly termed services:
A. Describe below the reviews and reviewers of the accounts. For reviews, include their frequency, ditTerent levels, and
triggering factors. For reviewers, include the number of reviewers, their titles aad functions, instructions they receive
from applicant on performing reviews, and number of accounts assigaed each.
See Schedule F
B. Describe below the nature and frequency of regular reports to clients on their accounts.
See Schedule F
Answer all Items. Complete emended pages to full, circle emended items and (lle with executtoa page (page 1 }.
Prepared by Florida Securities Consulting Services, Inc. (800] 39&3727
FORM ADV Applicant:
Part II -Page 6 Bogdahn Consulting, LLC
SEC File Number. I Date:
801-58253
1, 2009
12. Investment or Brokerage Discretion.
A. Does applicant or any related person have authority to determine, without obtaining specific client consent, the:
Yes No
(l) securities to be bought or sold? .......................................................... ® ^
Yes Np
(2) amount of the securities to be bought or sold ? ............................................... ^
Yes No
(3) broker or dealer to be used ? .......................................................... ^
Yes No
(4) commission rates paid? ............................................................... ^
Yes No
B. Does applicant or a related person suggest brokers to clients? ....................................... ^
For each yes answer to A descn'be on Schedule F any limitations on the authority. For each yes to A(3), A(4) or B,
describe on Schedule F the factors considered in selecting brokers and determining the reasonableness of their commis-
sions. If the value of products, research and services given to the applicant or a related person is a factor, descnbe:
• the products, research and services
• whether clients may pay commissions higher than those obtainable from other brokers in return for those products
and services
• whether research is used to service all of applicant's accounts ar just those accounts paying for it; and
• any procedures the applicant used during the last fiscal year to direct client transactions to a particular broker in
return for products and research services received.
13. Additional Compensation.
Dces the applicant or a related person have any arrangements, oral or in writing, where it:
A. is paid cash by or receives some economic benefit (including commissions, equipment ornon-research services} from a Yes No
non-client in connection with giving advice to clients? ........................................ ^
Yes No
B. directly or indirectly compensates any person For client referrals? .................................... ^
(For each yes, describe the arrangements on Schedule F.)
14. Balance Sheet_ Applicant must provide a balance sheet for the most recent fiscal year on Schedule G if applicant:
• has custody of client ftrnds or securities; or
• requires prepayment of more than 5500 in fees per client and 6 or more months in advance
Yes No
Has applicant provided a Schedule G balance sheet? ......................................... ^
Answer dl items. Complete amended pages to fall, ctrcte amended Items sad ille with execution page (page 1).
Prepared try Florida Securities Consulting Services, Inc. {80(11595-3727
Schedule F of Applicant: SEC FileNumhcr: Date:
Form ADV
Continuation Sheet for Forrn_ADV Part II Bo dahn Consulting, LLC 801-58253 January I, 2009
ri)n not vse this Schedule as a continuation sheet for Farm ADV Part I or env other schedules-!
1. Full name of applicant exscUy as stated in Item l A of Part 1 of Form ADV: IRS Empl. Ident. No.:
B dahn Consuitin LLC 59-3676225
Item of Fotm
ideatif Answer
1. A.(1},(3),(7(9}, ADVISORY SERVICES
2. Bogdahn Consulting, LLC {hereinafter referred to as 'the Company°, 'vde', 'us' and "our) is an
independent investment advisor registered with the United States Securities & Exchange
Commission offering retirement planning io individuals, pension and profrt sharing plans, trusts,
estates, charitable organizations, corporation, and government municipalities. We provide
independent and detailed analysis, portfolio accounting, asset allocation, performance
measurement, and fiduciary govemant:e services for our ciienis. The firm was founded with the
belief that the investment client/plan sponsor should have the most current and unbiased
information with which to prudently evaluate their portfolio allocations and perfomtiance. Our sole
business is investment and fiduciary governance consulting services, and we are devoted to
providing unparalleled personal service.
1. C. Fee Schedule
We provide our services on a hard dollar basis. Our hard dollar fees vary depending on the
complexity of the engagement. All fees are fully disclosed and negotiated with the client in
advance. Fees will be billed in arrears, generally quarterly. Under no circumstances are our fees
based on a share of capital gains or appreciatron of funds. Client can terminate our advisor
services at any time upon wrrtten notice.
3. K.(3) TYPES OF INVESTMENTS
The Company will review investments in timber resources, private equity and longfshort hedge
funds, SEC registered multi-strategy, or fund-0f-fund hedge funds in structured products for our
clients' infrastructures.
4• METHODS OF ANALYSIS, SOURCES OF INFORMATION, AND INVESTMENT STRATEGIES
A.(5) & B.(6) We provide investment management dut:~iligence and do not make individual securities
decisions.
C.(7) The Company utilizes various licensed programs and data services providing investment
manager peer universes, and other performance reporting information.
5. EDUCATION AND BUSINESS STANDARDS
Any Investment Advisory Representatives or control persons retained by the Company will tie
required to have earned afour-year undergraduate degree or the equivalent and three years
experience in fields directly related to investments, economics, and finance, as well as the
required examinations and qualifica#ions to act as such. Preferences are given for holders of the
CFA and CIMA designations.
6. EDUCATION AND BUSINESS BACKGROUND
Joseph R. Bogdahn, CIMA
CRD><: 22987270
Year or ainh:1962
Edut~tion: BBA, Business a-xi Economics, University of Mississippi
CIMA, Wharton School of BusinessllCMA Program
NASD Exams: Series 66
Business: 09!2000 -Present Bogdahn Consulting, LLC
Position: Principal & Chief Compliance Officer
06/2005 -Present STC Condominium Assoaation
Position: Director
0412004 -Present Park Partners, LLC
Position: Partner
05/1996 -Present Florida Data Bank of Tallahassee, Inc
Position: Director and Partner
03h 996 - 08/2007 Doculex, Inc
Position: Director and Partner
08/1993 -Present FDB Storage Partners, Ltd
Position: Partner
Complete amended pages !n full, eirele amended Items and tde with execution page (psge I),
Page 1 Prepared b}' Florida Securities ConsuHing Services, Ine. (800) 595-3727
Schedule F of
Form ADV
Continuation Sheet
Applicant: ~ SEC File Number: ~ Date:
Form ADV Part II ~ Bogdahn Consulting, LLC 801-58253
2aos
frln not use this Schedule as a continuation sheet for Farm ADV Part [ or anv other schedules.)
1. Full name of applicant exactly as stated in Item 1 A of Pori I of Form ADV:
B dahn Consultin LLC IRS Empl. (dent. No.:
59-3676225
Item of Form
identi Answer
Continuation of Joseph R. Bogdahn Education and Business Background -
05!1967 -Present The 6110 Corporation
Position: Director and Vice President
Michael F. Welker, CFA
CRn Ih 4736425
Yaer of Birth; 1976
Education: BA, Economics, Rollins College
MBA, Finance and Management, Rollins College
CFA Institute - Chartered Financial Analyst° chartefiolder {CFA®}'
NASD Exams: Series 65
Business: 11/2003 -Present Bogdahn Consulting, LLC
Position: PresidenUSenior Consultant
0412004 -Present Park Partners, LLC
Position: Partner
04!2001 -11/2003 Trusco Capital Management, Inc
Position: Investment Manager
Herbert A Whitehouse, JD
cRD #: sz6aesl
Year of Bath. t951
Education: BA, Political Saence, Drew University
MA, Political Science, Drew University
Juris Doctor, Rutgers University
Business: 0212006 -Present Bogdahn Consulting, LLC
Position: Chief Fiduciary Officer
02!1995 -12/2006 Whitehouse Law Firm
Position: Attamey
Robert W. Little, Jr., CFA, CPA
CRD#:4726747
Year M Birth:197t
Education: BA, Economics, University of North Carolina
Master of Accounting, University of Florida
Licensed Certified Public AcoouMant {CPA) in Fiarida
CFA Institute -Chartered Financial Analyst® charterholder (CFA®}'
NASD Exams: Series 66
Business: 01/2006-Present Bogdahn Consulting, LLC
Position: Director of Research
07/2004 - 12/2005 Sentinel Fiduciary Services, Inc.
Position: Chiet Irnestment Officer
071'1999 - 06!2004 Burgess Chambers ~ Associates, Inc
Position: ConsuRant
David E. West, CFA
CRD #: 47116845
Yew of BI[6c 7960
Education: BBS, Finance, Sielson University
GFA Institute -Chartered Financial Analyst® charterholder (CFA®}'
Business: 01/2006 -Present Bogdahn Consulting, LLC
Position: Chief Investment Officer & Sr. Consultant
0812003 - 0112afl6 Burgess Chambers & Associates, Inc
Position: Consultant
10/1985 - 07!2003 STI/Trusco Capital Management, Inc
Position: Investment Manager
' CFA Institute owns the certification mortis, CFA, Chartered Financial Analyst•. Individuals who successfugy complete initial and ongoing ceriiflcation
~ Complete amended pages to full, circle amended Items and file w~lth execatlon page (page 1). ~
Pape 2 Prepared by Florida Securiaes Consulting Services, Inc. (li0a) 595-3727
Schedule F of Applicant: SEC File Number: Dale:
Form ADV
Continuation Sheet for Form ADV Part ll Boedahn Consalt3ne. LLC 8D1-58253 Januan 1, 2004
rpo not use this Schedule as a continuation sheet for Form ADV Pari T or anx other scite,ctules t
1. Full name of applicant exactly as stated in llem 1A of Part 1 of Form ADV: _
So dahn Consulfin LLC IRC F.uid>I 1,~•nl Ho.:
59-357({225
_-..
Item of Form
identif Answea
Richard L. Boggs
crtox ea~fir
Year d Bahr. 1935
Edugtion: BS & MS, Chemical Engineering, Purdue University
MBA, Flnant:e, University of Chicago
Coursework/exams for PhD, Finance, University of Chicago
Business: 10/2006 -Present Bogdahn Consulting, LLC
Position: Div. Partner/Senior investment Consultant
03/1992 -12!2006 Burnley Associates, Inc
Positron: CEO, President Sr Chief Compliance Officer
Michael R. Bostler
cRO a: zzloosl
Year of Barn: 19fi8
Educalicn: BS, Business Administration, Elmhurst College
Business: 1012006 -Present Bogdahn Consulting, LLC
Position: Midwest Reg. President & Senior Consultant
2005 - 2006 Strategic Investment Advisors
Position: Senior Consultant
1995 - 2005 Alpha Investment Consulting Group, LLC
Position: Senior Consultant
11. A.B~ B. REVIEW OF ACCOUNTS
The Company provides regular reviews of clients' investment programs, usually quarterly but
often on a more frequent basis. We also provide regular fiduciary governance audits for our
clients.
12. A,(1 j INVESTMENT OR BROKERAGE DISCRETION
The Company will serve as a discretionary advisor under Section 3(36) of ERISA for certain
defined contribution plans.
CODE OF ETHICS
As a fiduciary, the Company has an affirmative duty to render continuous, unbiased investment
advice, and at ail times act in the clients' best interest. To maintain this ethical responsibility to
clients, we have adopted the CFA Institute's Code of Ethics and Standards of Professional
Conduct, which establishes the fundamental prinaples of conduct and professionalism expected
by all officers, directors and employees in discharging their duties. The Company's employees
shall always:
• Act with integrity, competence, diligence, respect, and in an ethical manner with the
public, clients, prospective clients, empbyers, employees, colleagues in the investment
profession, and other participants in the global capital markets.
• Place the integrity of the invesUnent profession and the interests of clients above their
own persona{ interests.
• Use reasonable care and exercise independent professional ]udgment when conducting
investment analysis, making investment recommendations, taking investment actions,
and engaging in other professional activities.
• Practice and encourage others to practice in a professional and ethical manner that will
reflect credft on themselves and the profession.
• Promote the integrity of, and uphold the rules govem)ng, capital markets.
• Maintain and improve their professional competence and strive to maintain and improve
the competence of other investment professionals.
To help clients understand the Company's ethical culture and standards, how the Company
controls sensitive information and what steps have been taken to prevent personnel from abusing
their inside position, a copy of the Company's Code of Ethics is available for review upon request.
END OF SCHEDULE F
Complete ameasded pages In Lull, circle amended Items rand fik with exeeudon page (page 1).
Face 3 Prepared by Florida SedmOes ConsulOng Services, Inc. (840) 595-3727