FORM ADV Uniform Application for Investment Adviser Registration

OMB APPROVAL OMB Number: 3235-0049 February 28, 2011 Expires: Estimated Average burden Hours per response..........4.07 FORM ADV Uniform Application for Investment Adviser Registration Part II - Page 1 Name of Investment Adviser: Pacific Mountain Advisors, Inc. (City) (State) (Zip Code) Area Code: Telephone Number: Address: (Number and Street) 5619 Scotts Valley Drive, #140 Scotts Valley, CA 95066 831-438-0408 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Item Page 2 Advisory Services and Fees .............................................................................................................. Types of Clients ................................................................................................................................. 2 Types of Investments ........................................................................................................................ 3 Methods of Analysis, Sources of Information and Investment Strategies ......................................... 3 Education and Business Standards .................................................................................................... Education and Business Background ................................................................................................ Other Business Activities .................................................................................................................. 4 4 4 Other Financial Industry Activities or Affiliations ............................................................................ 4 Participation or Interest in Client Transactions ................................................................................. 5 Conditions for Managing Accounts ................................................................................................... 5 Review of Accounts ........................................................................................................................... 5 Investment or Brokerage Discretion .................................................................................................. 6 Additional Compensation .................................................................................................................. 6 Balance Sheet .................................................................................................................................... 6 Continuation Sheet ............................................................................................................. Schedule F (Schedule A, B, C, D, and E are included with Part I of this Form, for the use of regulatory bodies, and are not distributed to clients.) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. FORM ADV Part II - Page 2 1. A. Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 For each type of service provided, state the approximate % of total advisory billings from Applicant: that service. (See instruction below.) (1) Provides investment supervisory services .......................................................................................... 40.00 (2) Manages investment advisory accounts not involving investment supervisory services..................... (3) Furnishes investment advice through consultations not included in either service described above... 40.00 (4) (5) (6) (7) (8) (9) Issues periodicals about securities by subscription ..............................................................…........... Issues special reports about securities not included in any service described above........................... Issues, not as part of any service described above, any charts, graphs, formulas, or other devices which clients may use to evaluate securities....................................................................................... On more than an occasional basis, furnishes advice to clients on matters not involving securities... 20.00 Provides a timing service ...............................................................................................................… Furnishes advice about securities in any manner not described above..........................................…. Advisory Services and Fees. (check the applicable boxes) % % % % % % % % % (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 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) (1) A percentage of assets under management (4) Subscription fees (2) Hourly charges (5) Commissions (3) Fixed fees (not including subscription fees) (6) 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 are 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. Individuals B. Banks or thrift institutions C. Investment companies D. Pension and profit sharing plans E Trusts, estates, or charitable organizations F. Corporations or business entities other than those listed above G. Other (describe on Schedule F) Answer all items. Complete amended pages in full, circle amended items and file with execution page (page 1) FORM ADV Part II - Page 3 Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- NA Date: 03/31/2009 3. Types of Investments. Applicant offers advice on the following: (check those that apply) A. Equity securities (1) exchange-listed securities (2) securities traded over-the-counter (3) Foreign issuers Warrants Corporate debt securities (other than commercial paper) Commercial paper Certificates of deposit Municipal securities Investment company securities: (1) variable life insurance (2) variable annuities (3) mutual fund shares H. United States government securities I. Options contracts on: (1) securities (2) commodities J. Futures contracts on: (1) tangibles (2) intangibles B. C. D. E. F. G. K. Interests in partnerships investing in: (1) real estate (2) oil and gas interests (3) other (explain on Schedule F) L. Other (explain on Schedule F) 4. Methods of Analysis, Sources of Information, and Investment Strategies. A. Applicant’s security analysis methods include: (check those that apply) (1) (2) (3) Charting Fundamental Technical (4) (5) Cyclical Other (explain on Schedule F) _________________________________________________________________________________________________________ B. The main sources of information applicant uses include: (check those that apply) (1) (2) (3) (4) Financial newspapers and magazines Inspections of corporate activities Research materials prepared by others Corporate rating services (7) (8) (5) (6) Timing services Annual reports, prospectuses, filings with the Securities and Exchange Commission Company press releases Other (explain on Schedule F) _________________________________________________________________________________________________________ C. The investment strategies used to implement any investment advice given to clients include: (check those that apply) (1) (2) (3) (4) Long term purchases (securities held at least a year) Short term purchases (securities sold within a year) Trading (securities sold within 30 days) Short sales (5) (6) (7) Margin transactions Option writing, including covered options, uncovered options or spreading strategies Other (explain on Schedule F) Answer all items. Complete amended pages in full, circle amended items and file with execution page (page 1) FORM ADV Part II - Page 4 5. Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- NA Date: 03/31/2009 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, please 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 or group, each individual who determines general investment advice clients (if more than five, respond only for their supervisors) • each principal executive officer of applicant or each person with similar status or performing similar functions. On Schedule F, give the: • name • year of birth • • formal education after high school business background for the preceding five years 7. Other Business Activities. (check those that apply) A. B. C. Applicant is actively engaged in a business other than giving investment advice. Applicant sells products or services other than investment advice to clients. The 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 Affiliations. (check those that apply) A. Applicant is registered (or has an application pending) as a securities broker-dealer. B. C. Applicant is registered (or has an application pending) as a futures commission merchant, commodity pool operator or commodity trading adviser. Applicant has arrangements that are material to its advisory business or its clients with a related person who is a: (7) (8) (9) accounting firm law firm insurance company or agency (1) broker-dealer (2) investment company (3) other investment adviser (4) financial planning firm (5) commodity pool operator, commodity trading adviser or futures commission merchant (6) banking or thrift institution (10) pension consultant (11) real estate broker or dealer (12) entity that creates or packages limited partnerships (For each checked box in C, on Schedule F identify the related person and describe the relationship and the arrangements.) Yes No D. Is applicant or a related person a general partner in any partnership in which clients are solicited to invest?.. (If yes, describe on Schedule F the partnerships and what they invest in.) Answer all items. Complete amended pages in full, circle amended items and file with execution page (page 1) FORM ADV Part II - Page 5 9. Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- NA Date: 03/31/2009 Participation or Interest in Client Transactions. Applicant or a related person: (check those that apply) A. B. C. As principal, buys securities for itself from or sells securities it owns to any client. As broker or agent effects securities transactions for compensation for any client. 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 sell for itself securities it also recommended to clients. (For each box checked, describe on Schedule F when the applicant or a related person engages in these transactions and what restrictions, internal procedures, or disclosures are used for conflicts of interest in those transactions.) Describe, on Schedule F, your code of ethics, and state that you will provide a copy of your code of ethics to any client or prospective client upon request. 10. Conditions for Managing Accounts. Does the applicant provide investment advisory 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 assets or other condition 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 account, or holds itself out as providing financial planning or some similarly termed services: A. Describe below the reviews and reviewers of the accounts. For reviews, include their frequency, different levels, and triggering factors. For reviewers, include the number of reviewers, their titles and functions, instructions they receive from applicant on performing reviews, and number of accounts assigned each. Yes No The Client investments are reviewed at the inception of the client relationship, and monitored daily thereafter with a comprehensive quarterly performance review. The frequency and level of review may be more frequent depending upon the complexity of the individual client portfolio as well as changes in the economic conditions, tax laws and the client’s individual needs. All reviews are conducted by Michael Meara, President. B. Describe below the nature and frequency of regular reports to clients on their accounts. There are quarterly performance reports with annual review and rebalancing as necessary. Answer all items. Complete amended pages in full, circle amended items and file with execution page (page 1) FORM ADV Part II - Page 6 12. Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- NA Date: 03/31/2009 Investment or Brokerage Discretion. A. Does applicant or any related person have authority to determine, without obtaining specific client consent, the: Yes No (1) securities to be bought or sold? ............................................................................................................... Yes No (2) amount of securities to be bought or sold? .......................................................................................….. Yes No (3) (4) broker or dealer to be used? ................................................................................................................ Yes No commission rates paid? ........................................................................................................................... ________________________________________________________________________________________________________ Yes No B. Does applicant or a related person suggest brokers to clients? ....................................................................... For each yes answer to A describe 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 commissions. If the value of products, research and services given to the applicant or a related person is a factor, describe: • • 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 or 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 product and research services received. • • 13. Additional Compensation. Does 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 or non-research services) from a non-client in connection with giving advice to clients? . . . . . . . . . . . . . . . . . . . . . . . . . . . . directly or indirectly compensates any person for client referrals?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (For each yes, describe the arrangements on Schedule F.) Yes No Yes No B. 14. Balance Sheet. Applicant must provide a balance sheet for the most recent fiscal year on Schedule G if applicant: • • has custody of client funds or securities (unless applicant is registered or registering only with the Securities and Exchange Commission); or requires prepayment of more than $500 in fees per client and 6 or more months in advance Yes No Has applicant provided a Schedule G balance sheet?.............................................................................. Answer all items. Complete amended pages in full, circle amended items and file with execution page (page 1) Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer Item 1.A.(1) The following paragraphs describe the principal investment services provided by Pacific Mountain Advisors, Inc. (“PMA”). The services provided include Managed Account Services, and Financial Planning Services. Managed Account Services Managed account services provide clients with programs for investing their funds in response to their long-term needs. These programs typically begin with the development of a model of client and market data. The model serves to illustrate the interaction between a client's objectives and constraints, and the risk-reward alternatives of the market. Review with the client of these models guides the development of a suitable investment policy. In turn, this investment policy serves as the blueprint for a client's investment plan. With the client's approval, the outgrowth of the process is a set of reasonable working guidelines for the management of an investment portfolio. PMA then implements the policy in accordance with currently prevailing market conditions and expectations. Portfolios constructed by PMA include selected mutual fund shares. Portfolios may also include common stocks, preferred stock and debt securities offered via third party advisers or what is commonly referred to as separate account managers. Once constructed, PMA provides continuous supervision and re-optimization of the portfolio as changes in market conditions and client circumstances require. In addition, reports are prepared quarterly for all accounts. Reports serve as the client's basis for monitoring interim progress. Quarterly written reviews are given to clients by PMA and an annual review by PMA is completed on every client's account. Item 1.A.(3) OTHER INVESTMENT ADVICE Occasionally PMA will provide investment advice regarding employer stock options or employer stock purchase plans during the course of a financial planning analysis or as a complimentary service to current investment advisory clients. NON-SECURITIES RELATED ADVICE As part of the financial planning process PMA will advise clients regarding their risk management needs, mortgage planning, real estate investments and business planning. Financial Planning Services PMA offers financial planning services based on its hourly rate between $150.00 and $250.00. A written financial plan is provided to the client and an annual review will be completed by PMA for the client. PMA also provides financial planning services based on the following fee schedule. Item 1.A.(7) Item 1. D. (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer Annual Household Income less than $150,000 And/or Investable Net Worth less than $250,000 Item 1. D. (Cont.) A B $150,000 - $350,000 C greater than $350,000 $250,000 - $2,500,000 greater than 2,500,000 1st three modules $1500 Each additional Module $250 A B $2,000 C $2,500 $500 $750 The current modules are as follows: Cash Flow Analysis, Education Funding Analysis, Insurance Needs and Policy Analysis, Investment Analysis, Financial Independence Analysis, Estate Planning Coordination and Analysis, Business and/or Retirement Plan Analysis, Employee Benefit Analysis, Transition Planning, Income Tax Planning Fee Schedule The fee charged by PMA to the advisory client should be payable quarterly in arrears and shall be as follows: $0 to $999,999 $1,000,000 to 2,999,999 $3,000,000 to 5,000,000 Over $5,000,000 1.00% .75% .50% Negotiable No fee is based upon capital gains or capital appreciation of assets. All fees are negotiable. Although PMA believes its fees are competitive, lower fees for comparable services may be available from other sources. PMA may debit investment advisory fees directly from client accounts. This fee arrangement wherein asset management fees are debited from the client account will not trigger any constructive custody. (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer Item 1. D. (Cont.) PMA will send a statement to the client showing the amount of the fee, the value of client's assets upon which the fee was based and the specific manner in which the fee was calculated. In addition, applicant discloses to client that it is the client's responsibility to verify the accuracy of the fee calculation and that the custodian will not determine whether the fee was properly calculated. Also, PMA receives authorization of the fee-paying arrangement and the custodian's obligation to send out statements to the client no less frequently then quarterly. Because mutual funds and exchange traded funds (ETF's) pay advisory fees to their investment advisors, such fees are therefore indirectly charged to all holders of these shares. Clients with mutual funds and/or ETF's in their portfolios are effectively paying both PMA and the mutual fund advisor for the management of their assets. Clients who place mutual fund and/or ETF shares under PMA's management are therefore subject to both PMA's direct management fee and the indirect management fee of the fund's adviser. Hourly Fees The hourly rate for these services is between $150 and $250. PMA and the client figure out together the estimated number of hours that are needed to complete the services desired with one-half due up front and balances upon completion of services. A minimum and maximum figure is presented to the client with notice that the maximum amount will not be exceeded without prior client authorization. Termination of Services A client may terminate an advisory account or the Financial Planning Agreement, without penalty, on 30 days written notice. Upon termination, any prepaid fees will be prorated to the date of termination and unearned fees will be returned to the client. Any other product that PMA deems appropriate in order to address the individualized needs goals, and objectives of the client. Item 3. L. Types of investments-other PMA provides advice to clients on real estate investments and its principal(s) has created Limited Liability companies which purchase real estate for investment purposes. Investment opportunities in real estate limited liability companies which the principal(s) of PMA has helped create are offered to clients of PMA and others. The Principal(s) of PMA generally participate in Real estate limited liability companies as a managing member and may be compensated in the form of cash for services or an equity interest in the company or both. Education and Business Background Name: Michael F. Meara (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer Item 6. Birthdate: 07-18-1960 Education: Forest Park Community College from 1980-1981, Ass. of Arts-Liberal University of Missouri from 1981-1983, BA in Political Science College for Financial Planning 1991-1993, CFP Employment: President, Pacific Mountain Advisors, Inc., May 2001-Present Item 7. A. & B. Please Refer to Item 3.L. Participation in Client Transactions PMA or individuals associated with PMA may buy or sell securities identical to those recommended to clients for their personal account. As this situation may represent a potential conflict of interest, PMA has established the following restrictions in order to assure compliance: • Prohibition of a security transaction in employees accounts if one can reasonably construe intent to gain a direct benefit from client transactions. • Precedence given to client transactions when client and employee trade occurs in the same security on the same day. • The firm maintains a list of all securities holdings for itself and anyone associated with this advisory practice. Mr. Meara reviews these holdings on a regular basis. • The firm requires that all individuals must act in accordance with all applicable federal and state securities laws and regulations, which govern, registered investment advisory practices. • Any individual not in compliance with restrictions and guidelines may be subject to termination. It is further noted that PMA is in and shall continue to be in total compliance with The Insider Trading and Securities Fraud Enforcement Act of 1988. Specifically, PMA has adopted a firm wide policy statement outlining insider-trading compliance by PMA and its associated persons and other employees. This statement has been distributed to all associated persons and other employees and has been signed and dated by each such person. A copy of such firm wide policy statement is left with such person and the original in maintained in a master file. Further, PMA has adopted a written supervisory procedure statement highlighting the steps, which shall be taken to implement the firm Item 8. C. (7) Item 9. D. & E. (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer Item 9. D.& E. (Cont.) wide policy. These materials are also distributed to all associated persons and other employees of PMA, are signed, dated and filed with the insider trading compliance materials. There are provisions for (1) restricting access to files, (2) providing continuing education, (3) restricting and /or monitoring trading on those securities of which PMA's employees may have non-public information, (4) requiring all of the PMA's employees to conduct their trading through a specified broker or reporting all transactions promptly to PMA and (5) monitoring the securities trading of the firm and its employees and associated person. PLEASE ALSO REFER TO ITEM 3.L. Conditions for Managing Account There is a minimum account requirement of $25,000. Investment or Brokerage Discretion In order to manage portfolios effectively, PMA believes it should have the authority to determine, without obtaining specific client consent, the securities to be bought or sold and/or the amount of securities to be bought or sold. Although not encouraged, a client may by written advice prohibit the Item 12. A.(1)(2) purchase or sale of specific securities or classes of securities without prior approval. Item 10. Item 12.A. (3) Discretionary Brokerage Under most circumstances PMA is authorized by the client to determine the broker/dealer to be used for securities transactions. In selecting the broker/dealer to execute transactions, PMA need not solicit competitive bids and does not have an obligation to seek the lowest available commission cost. In most cases, when exercising brokerage discretion, PMA will use Charles Schwab to provide brokerage accounts to clients. PMA will attempt to minimize the total cost for all brokerage services paid by client. However, it may be the case that Charles Schwab charges a higher fee for a particular type of service, such as commission rates, than can be obtained from another broker. It may also be the case that the total cost or all services provided by Charles Schwab might be higher than can be obtained at another broker. PMA believes in good faith that such total costs are reasonable in relation to the value of brokerage and research services provided by Charles Schwab, viewed in terms of PMA's overall responsibility to the client. Advisor primarily utilizes Charles Schwab & Co., Inc. an independent and unaffiliated broker/dealer as custodian of client accounts and to execute transactions. Advisor may also utilize other broker/dealers to execute certain transactions when such broker/dealers provide demonstrably superior research and / or strategies. (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer Item 12. A. (3) Non-Discretionary Brokerage In limited situations PMA may accept written direction from a client regarding the use of a specific broker for affecting all or a portion of a transaction. In these cases, PMA may not be able to secure the lower commission rates that might have been obtained elsewhere. PMA has no responsibility for obtaining the best prices or any particular commission rates for transactions with or through such broker for such client's account. The client recognizes that it may not obtain rates as low as it might otherwise obtain if PMA had discretion to select broker/dealers other than those chosen by client. Any client providing instructions to PMA regarding direction of brokerage transactions must notify PMA in writing if the client desires PMA to cease executing transactions with or through any such broker/dealer. Suggestion of Broker Some clients have no brokerage preference and wish to avoid the cost of bank trust custody. Under such circumstances, PMA will assist in the selection of a suitable broker to hold securities and execute trades. There is no requirement that a client use such broker as PMA recommends. In most cases, when suggesting a broker, PMA will recommend Charles Schwab. Schwab also makes available to PMA other products and services that benefit PMA in managing and administering clients' accounts. These include software, and other technology providing access to client account data (such as trade confirmations and account statement); facilitate trade execution (and allocation of aggregated trade orders for multiple client account); provide research, pricing information and other market data; facilitate payment of PMA's fees from its clients' accounts; and assist with back-office functions, recordkeeping and client reporting. Many of these services generally may be used to service all or a substantial number of PMA's accounts, including accounts not maintained at Schwab Institutional. Schwab Institutional also makes available to PMA other services intended to help PMA manage and further develop its business enterprise. These services may include consulting, publications and conferences on practice management, information technology, business succession, regulatory compliance, and marketing. In addition, Schwab may make available, arrange and/or pay for these types of services rendered to PMA by independent third parties. Schwab Institutional may discount or waive fees it would otherwise charge for some of these services or pay all or a part of the fees of a third-party providing these services to PMA. While as a fiduciary, PMA endeavors to act in its clients' best interests and PMA's recommendation that clients maintain their assets in accounts at Schwab may be based in part on the benefit to PMA of the availability of some of the foregoing products and services and not solely on the nature, cost or quality of custody and brokerage services provided by Schwab, which may create a potential conflict of interest. THIRD PARTY SOLICITATION ARRANGEMENTS Advisor may enter into third party solicitation arrangements whereby third parties solicit clients or make client referrals to Advisor. Such arrangements may include the payment of a solicitation or referral fee by Advisor to the third party making the solicitation or referral. Under no circumstances will the client be disadvantaged by the payment of such fees. Clients of Advisor whose accounts involve third party solicitations or referrals are advised of the arrangement and do not pay higher fees as a result of the arrangement. Item 12. B. Item 13. B. (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: SEC File Number: 801- Date: Pacific Mountain Advisors, Inc. NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: SEC File Number: 801- Date: Pacific Mountain Advisors, Inc. NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1). Schedule F of FORM ADV Continuation Sheet for Form ADV Part II Applicant: Pacific Mountain Advisors, Inc. SEC File Number: 801- Date: NA 03/31/2009 (Do not use this Schedule as a continuation sheet for Form ADV Part I or any other Schedules) 1. Full name of applicant exactly as stated in Item 1A of Part I of Form ADV: IRS Empl. Ident. No.: 77-0571183 Item of Form (identify) Answer (Complete amended pages in full, circle amended items and file with execution page (page 1).