The edited information below was taken from the Chief Capital Management, Inc. ADV Part 2 Brochure dated March 28, 2011. Please ask for a copy if you’d like more information.
Who, What, Why . . .
Who
Chief Capital Management, Inc. (later referred to as “CCM”) is an advisory firm operating as a closely-held corporation (it is not publicly traded) and its sole principal, owner and employee is Brooks C. Sackett, CFP®, CIMA®, AIFA®.
CCM provides supervisory investment management services to individuals, trusts, estates, charitable organizations, corporations, other business entities, and pension and profit-sharing plans.
CCM principal, owner, and sole employee, Brooks C. Sackett, holds three professional designations from organizations each requiring adherence to a separate code of ethics and professional conduct.
Those three designations are:
CERTIFIED FINANCIAL PLANNER™
CERTIFIED INVESTMENT MANAGEMENT ANALYST™
ACCREDITED INVESTMENT FIDUCIARY ANALYST™
CCM principal, owner, and sole employee, Brooks C. Sackett, CFP®, CIMA®, AIFA® is a Registered Principal with the broker-dealer Financial Telesis, Inc.:
Financial Telesis, Inc. James H. Williams 4340 Redwood Highway, Suite A-23 San Rafael, CA 94903
T:415 526-2750 F:415 492-1229 Email: jimwilliams@financialtelesisinc.com
Brooks’s relationship with Financial Telesis, Inc. as a Registered Principal does not create a material conflict of interest with CCM clients. CCM clients have no dealings with Financial Telesis, Inc.
Please do not hesitate to contact Brooks directly with any questions or comments about this brochure. Call him anytime at 408 978-1773.
What
CCM tailors its services to each client as much as possible to the extent of its competence. Each client’s situation is reviewed regarding the basic financial planning issues like personal money management, risk management, retirement planning, estate planning, tax planning, and any other special considerations. Once those issues have been covered, the issue of investment management is addressed. If a client has specific preferences, for example for investing solely in socially-responsible mutual funds, that issue is addressed in the planning stages for investment management.
Chief Capital Management, Inc. (“CCM”) earns about 90% of its income from providing investment supervisory services. It earns about 10% of its income from giving investment advice through financial planning consultations not included in the supervisory services described above. Most client portfolios are primarily made up of mutual funds but some hold individuals stocks and bonds and other investments like variable annuities.
CCM doesn’t have any subsidiaries nor parent companies.
Please do not hesitate to contact Brooks directly with any questions or comments about this brochure. Call him anytime at 408 978-1773.
Why
Both financial planning and investment management require ongoing, continuous attention. Too many developments–from the lives and professions of the client and from the global economy and the various capital markets–create new issues, opportunities, and difficulties that demand frequent attention. Consequently, Brooks works to maintain close contact with all clients through monthly messages and calls, quarterly mailings, and the all-important Annual Review.
Please do not hesitate to contact Brooks directly with any questions or comments about this brochure. Call him anytime at 408 978-1773.
When
Financial planning and investment management services are rendered on a continuous basis. Changes of distinct varieties–from the lives and professions of the client and the family as well as from the global economy and the various capital markets–create new difficulties, issues, opportunities, and challenges that demand frequent attention. Consequently, Brooks works to maintain close contact with all clients through monthly messages and calls, quarterly mailings, and the all-important Annual Review.
Brooks encourages open and candid communications and wants to be contact earlier rather than later related to any issue of professional services, market developments, and personal or professional or family issues that may or may not impact planning. Brooks’s whole purpose is to help you with your financial issues so that your life is as full, secure, and happy as possible.
Please do not hesitate to contact Brooks directly with any questions or comments about this brochure. Call him anytime at 408 978-1773.
Where
CCM maintains offices in California and in Washington state. Here is the contact information for both:
Chief Capital Management, Inc.
1581 Camino Monde, Suite 100
San Jose, California 95125
408 978-1773
866 200-5155
Chief Capital Management, Inc.
6515 South Highland Park Drive, Suite 100
Spokane, Washington 99223
509 448-2680
866 200-5155
Feel free to write Brooks anytime: brooks@chiefcapital.com
All appointments and telephone conference calls are by appointment.
Please do not hesitate to contact Brooks directly with any questions or comments about this brochure. Call him anytime at 408 978-1773.
How
CCM’s methods of analysis and its investment strategies used in formulating investment management decisions center around the concepts of fiduciary investing as developed by the Foundation for Fiduciary Studies at the Joseph M. Katz School of Business, University of Pittsburgh. The concepts of fiduciary investing strive to create standards for fiduciaries of retirement plans, charitable foundations, and trusts to follow to appropriately protect the best interests of the participants and beneficiaries of their organizations.
CCM conducts monthly analysis using these standards as applied to the Morningstar universe of mutual funds to identify appropriate mutual funds for use in client portfolios and to confirm that current client-held mutual funds should be retained in client accounts.
This approach to investment analysis falls into the category of fundamental research.
CCM relies on publicly available sources of information such as financial newspapers and
magazines, research materials prepared by others, rating services, and mutual fund and stock research database subscriptions.
CCM uses the strategy of long term investing in its implementation of the investment advice provided to each individual client.
CCM is aware that any investment strategy involves risk. It also believes that the concepts of fiduciary investing used to manage portfolios over the long term constitute a judicious and prudent approach to investing based on a frequent rational and measured analysis of the portfolio.
CCM populates the portfolios of its clients primarily with mutual funds that have passed the screens of fiduciary investing as developed by the Center for Fiduciary Studies.
The CERTIFIED FINANCIAL PLANNER™ Board’s Standards of Professional Conduct (which appears below as Principles 1-7) include concepts from the similar statements from the Investment Managements Consultants Association which issues the CERTIFIED INVESTMENT MANAGEMENT ANALYST™ designation and the Center for Fiduciary Studies which issues the ACCREDITED INVESTMENT FIDUCIARY ANALYST™ designation.
This is the CCM Code of Ethics:
Principle 1 – Integrity: Provide professional services with integrity.
Integrity demands honesty and candor which must not be subordinated to personal gain and advantage. Certificants are placed in positions of trust by clients, and the ultimate source of that trust is the certificant’s personal integrity. Allowance can be made for innocent error and legitimate differences of opinion, but integrity cannot coexist with deceit or subordination of one’s principles.
Principle 2 – Objectivity: Provide professional services objectively.
Objectivity requires intellectual honesty and impartiality. Regardless of the particular service rendered or the capacity in which a certificant functions, certificants should protect the integrity of their work, maintain objectivity and avoid subordination of their judgment.
Principle 3 – Competence: Maintain the knowledge and skill necessary to provide professional services competently.
Competence means attaining and maintaining an adequate level of knowledge and skill, and application of that knowledge and skill in providing services to clients. Competence also includes the wisdom to recognize the limitations of that knowledge and when consultation with other professionals is appropriate or referral to other professionals necessary. Certificants make a continuing commitment to learning and professional improvement.
Principle 4 – Fairness: Be fair and reasonable in all professional relationships. Disclose conflicts of interest.
Fairness requires impartiality, intellectual honesty and disclosure of material conflicts of interest. Itinvolves a subordination of one’s own feelings, prejudices and desires so as to achieve a proper balance of conflicting interests. Fairness is treating others in the same fashion that you would want
to be treated.
Principle 5 – Confidentiality: Protect the confidentiality of all client information.
Confidentiality means ensuring that information is accessible only to those authorized to have access. A relationship of trust and confidence with the client can only be built upon the understanding that the client’s information will remain confidential.
Principle 6 – Professionalism: Act in a manner that demonstrates exemplary professional conduct. Professionalism requires behaving with dignity and courtesy to clients, fellow professionals, and others in business-related activities. Certificants cooperate with fellow certificants to enhance and maintain the profession’s public image and improve the quality of services.
Principle 7 – Diligence: Provide professional services diligently.
Diligence is the provision of services in a reasonably prompt and thorough manner, including the proper planning for, and supervision of, the rendering of professional services.
Please do not hesitate to contact Brooks directly with any questions or comments about this brochure. Call him anytime at 408 978-1773.
Thank you!
