Part 2A of Form ADV: Firm Brochure

 

Part 2A of Form ADV:  Firm Brochure

 

                Cover Page

 

  

COVER PAGE

 

 

 

FIRM NAME:   Drew, Roy Pierce

201 Westlake Court   Niceville,  FL   32578

 

 

FIRM CRD#:  140833                           

 

 

CONTACT PERSON:   Roy P. Drew

 

 

CONTACT PHONE # :     850-897-9104 

                            CELL   850-830-1365

 

 

E-MAIL:  rpdrew@cox.net

 

 

 

                Material Changes

 

Roy P. Drew 

No material changes since last reporting.

 

 

 

 

 

 

                Table of Contents

 

  

 

TABLE OF CONTENTS

 

Item number

 

1.      Advisory Business and FAQ’s

 

2.      Fees and Compensation

 

3.      Performance-Based Fees and Side-By-Side Management

 

4.      Types of Clients

 

5.      Methods of Analysis, Investment Strategies and Risk of Loss

 

6.      Disciplinary Information

 

7.      Other Financial Industry Activities and Affiliations

 

8.      Code of Ethics, Participation or Interest in Client Transactions and Personal Trading

 

9.      Brokerage Practices

 

10.  Review of Accounts

 

11.  Client Referrals and Other Compensation

 

12.  Custody

 

13.  Investment Discretion

 

14.  Voting Client Securities

 

 

 

 

 

 

 

 

Item 1    Advisory Business and FAQ’s

 

Roy P. Drew 

Many investment salespeople make investing seem really complicated and risky, creating an investment maze for the investing public.  I Roy P. Drew, teach simple strategies for investing in financial security instrument.

 

  • I teach my clients how to do their own research (due diligence)—finding hidden risks and fees.
  • I clarify and simplify financial terms.

 

FAQ’s  (Frequently Asked Questions)

 

Do you loan money?  No, I do not loan money or make equity investments with my clients.

 

Are you a stockbroker?  No.  I am a “FEE ONLY” advisor.

 

Will you manage my portfolio?  NO

 

How often will you call me?  You will be the one who will usually instigate calls.  I work with you when you  have problems or need assistance.

 

What do you sell?  I sell absolutely no products of any kind.

 

Do you work with groups, investment clubs, or corporations?  Yes.  I have performed financial workshops for groups as large as 200.  My fee is negotiable.

 

Will you tell me which stocks to buy?  Yes.  I will give you specific recommendations that meet your needs and risk tolerance.  I will, at your request, teach you how to analyze corporations and their charts so you can make your decisions.  I will also make myself available for professional second opinions.

 

 

 

 

 

 

Item 2    Fees and Compensation

 

 Roy P. Drew 

I allow clients to call me when they want to talk about their investments.  I charge a monthly fee that is negotiable and ranges from $35 per month up to $2000 per month.  A client may want a face-to-face visit with me.  I will go to their home, office, or location of their choice for a two-hour session.  My charge is $75 per hour for individuals and $90 for couples.

 

Groups are also part of my advisory business.  In groups as large as 200 people, I perform seminars, in a question and answer format.  My fee for a group seminar is negotiable.

 

To sum up my service, I, Roy P. Drew, and a fee-based investment advisor serving as a fiduciary for individuals and groups.

 

 

 

 

 

 

 

 

 

Item 3            Performance-Based Fees and Side-By-Side Management

 

Roy P. Drew 

I have NO PERFORMANCE-BASED FEES OR SIDE-BY-SIDE MANAGEMENT.   I work by myself and am compensated for my time directly by my client.

 

 

 

 

 

 

Item 4            Types of Clients

 

Roy P. Drew 

My clients are:

  • Individuals—no minimum dollar value of assets
  • Groups
  • Pension and profit sharing plans

 

 

 

 

 

 

Item 5            Methods of Analysis, Investment Strategies and Risk of Loss

 

Roy P. Drew 

I offer advice on the following:

  • Exchange listed securities
  • Securities  traded over-the-counter
  • Certificates of deposit
  • Municipal securities
  • Interests in partnerships investing in:
  1. Real estate
  2. Oil and gas interests

 

Methods of Analysis:

  • Fundament analysis including: 
  1. 1.      Reviews of newspaper, online, and magazine articles 
  2. 2.      Inspection of corporate activities 
  3. 3.      Company press releases 
  • Technical analysis of published stock charts 
  • Analysis of economic cycles for a given company 

 

Investment strategies used to implement investment advice:

  • Long term purchases (securities meant to be held for at least 1 year)
  • Short term purchases ( securities sold within 1 year)
  • Transactions involving leverage (margin)
  • Option writing (covered options only)

 

 

 

 

 

 

 

Item 6            Disciplinary Information

 

Roy P. Drew 

No disciplinary actions have been initiated by me or against me.

 

 

 

 

 

 

Item 7            Other Financial Industry Activities and Affiliations

 

Roy P. Drew 

  • I am not actively engaged in any business other than giving investment advice nor do I sell any type of products, including financial securities.
  • I am not affiliated with any partnership in which clients are solicited to invest
  • I am not affiliated with any broker-dealer, investment company, insurer, accounting firm, banks, commodity operator, or financial planning firm
  • I could be called to act as an expert witness, for an individual or group plaintiff, against another investment company or broker.  See Below:

 

 

expert witness (courtroom)
November 1992Bradley v. Stephens Inc. Represented plaintiff, improper investment recommendations, activities included plaintiff interviews, discovery, deposition, and at trial testimony. Case settled in favor of Plaintiff

March 1991 to October 1991

Care Initiatives v. State of Iowa.  Represented defendant, real estate property tax dispute due.  Circuit court ruled at trial that Care Initiatives was not a valid charitable organization and was not exempt from paying Iowa property taxes.  Decision was upheld by the Iowa Supreme Court.  My activities included discovery, deposition, and at trial testimony

January 1990

U. S. Associates v. Harding.  Represented defendant charged with libel.  Jury decision in favor of defendant.  My activities included defendant interviews, discovery, and at trial testimony

  

 

 

 

 

 

 

 

Item 8            Code of Ethics, Participation or Interest in Client Transactions and Personal Trading

 

Roy P. Drew 

  • I do not buy securities for myself or sell securities I own to any of my clients
  • I do not effect securities transactions for any of my clients nor do I receive compensation when they transact a trade with a broker.
  • I do not recommend to clients that they buy or sell securities or investment products in which I or a related person has some financial interest.
  • If I personally own a security for myself, and a client asks for my opinion, I disclose my ownership position and offer no recommendation.
  • I am a fiduciary for my clients and am obligated to act in the best interest of my client.
  • I do not manage, under discretionary authority, any client funds.
  • I do not impose a minimum dollar value of assets or other condition for starting or maintaining an advisor—client relationship.
  • I do not provide investment supervisory services, manage investment advisory accounts, or hold myself out as providing financial planning, or some similarly termed services.

 

 

 

 

 

 

 

 

 

 

Item 9            Brokerage Practices

 

Roy P. Drew 

My advisory clients maintain brokerage accounts at any brokerage firm of their choosing.  I do not recommend any certain broker.

 

 

 

 

 

 

 

 

Item 10          Review of Accounts

 

Roy P. Drew 

Since I do not provide any supervisory services, manage any advisory accounts, or hold myself out as providing financial planning services, there are  no accounts to review.

 

 

 

 

 

 

Item 11          Client Referrals and Other Compensation

 

Roy P. Drew 

I do not solicit existing clients for referrals of other potential clients.  However, if I receive a referral from one of my clients, that client will receive  a “Thank You” but no other compensation in any form.

 

 

 

 

 

 

Item 12          Custody

 

Roy P. Drew 

I never hold in my custody any client assets.

 

 

 

 

 

 

Item 13          Investment Discretion  

 

Roy P. Drew 

I have no investment discretion for any client.

 

 

 

 

 

 

Item 14          Voting Client Securities

 

Roy P. Drew 

I do not vote for my clients in any securities matter, however, I will offer an opinion about their decision when asked by the client.