stinson capital management, llc form adv part 2a: brochure · 2017. 4. 19. · page 1 . stinson...

Stinson Capital Management, LLC 235 Montgomery Street, Suite 808 San Francisco, CA 94104-2906

Tel: (415) 956-1776 Fax: (415) 391-3587 www.stinsoncapital.net

Form ADV Part 2A: Brochure

Date Updated: March 24, 2017

This Brochure provides information about the qualifications and business practices of Stinson Capital Management, LLC (SCM). It will introduce you to our principals and describe their qualifications and level of experience. If you have any questions about the contents of this Brochure, please contact us at (415) 956-1776 or email us 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. SCM is a registered Investment Adviser. Registration of an Investment Adviser does not of itself imply any level of skill or training. The oral and written communications of an Adviser and its principals provide you with information based on which you determine whether to hire or retain an Adviser. Additional information about SCM and its advisory personnel is available on the SEC’s website at: www.adviserinfo.sec.gov. You can search this site by unique identifying number, known as a CRD number. Our firm's CRD number is 284965.

Item 2. Material Changes In 2017 the firm intends to establish a representative office in Missoula, Montana. Otherwise, there have not been any material changes with SCM or its business activities since the last report on October 17, 2016. The firm’s CRD number is: 284965, successor to its former CRD number: 136397

Item 3. Table of Contents

Table of Contents

Item Description Page 4. Advisory Business 4 5. Fees and Compensation 5 6. Performance-Based Fees and Side-By-Side Management 6 7. Types of Clients 6 8. Methods of Analysis, Investment Strategies and Risk of Loss 7 9. Disciplinary Information 7 10. Other Financial Industry Activities and Affiliations 8 11. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading 8 12. Brokerage Practices 9 13. Review of Accounts 10 14. Client Referrals and Other Compensation 11 15. Custody 11 16. Investment Discretion 12 17. Voting Client Securities 12 18. Financial Information 12 19. Requirements for State-Registered Advisers 13 Form ADV Part 2B: Brochure Supplement 17 Business Continuity Plan – Summary 22

Item 4. Advisory Business Founded in 1979, SCM is an Investment Adviser, organized as a Limited Liability Company (LLC) under the laws of the State of Delaware. Its only business is managing financial assets and investment portfolios. SCM is owned and operated by Vijay R. Kanal and John H. Maslanik. More information on the principals can be found in Item 19 and Part 2B, Brochure Supplement.

SCM provides discretionary investment management services on a fee-only basis to individuals, trusts, corporations and business entities. The Adviser provides investment portfolio supervisory services by contract (see Item 5) and furnishes investment advice through financial consultations at an hourly rate. The Adviser does not participate in “wrap-fee” programs. Investment portfolios may include:

• Exchange-listed assets such as domestic and foreign equities • Corporate debt instruments • State and municipal debt instruments • Investment company securities such as open-end and closed-end fund shares or

index funds and other exchange-traded funds • US Government securities • Covered Call Option contracts on securities • Exchange-listed REITs.

Relying on rigorous, proprietary, analytical disciplines, the Adviser seeks out securities that are of high quality and that are conservatively valued. This approach has guided its portfolio strategy successfully through many business cycles. When managing individual client portfolios, SCM considers the needs and size of each client account as well as the type and class of other assets owned by the client. With individual accounts, an evaluation of the client’s investment objectives and risk profile is made during initial client introductions, based upon the client’s prior investment experiences, age and position in life, education, occupation, current income needs, insurance coverage, diversification, tax considerations, long term economic liabilities, health, and marital status among others. The risk profile is critical to the Adviser’s understanding of the client’s expectations for loss or gain, and their knowledge and experience of investing. Clients are advised to notify the Adviser promptly if there are any changes to their financial situation or investment objectives, or if they wish to impose any investment restrictions upon the Adviser and its services. SCM will use its best efforts to comply with such restrictions. The Adviser will accept e-mail communications from clients, but under no circumstances will the Adviser accept transaction requests from clients by e-mail.

Item 4. Advisory Business (Cont’d.) As of December 31, 2016, we were actively managing $20,281,327.00 of client assets on a Discretionary Basis. Item 5. Fees and Compensation SCM is an independent Adviser providing discretionary investment supervisory services on a fee-only basis to individuals, trusts, estates and corporations or other business entities. These services are based on the individual needs expressed by each client account according to the terms of an Investment Advisory Agreement (Agreement) made effective at the start of the relationship with SCM. The Adviser does not physically handle cash or securities, but it is authorized to use its discretion to give instructions to financial institutions, such as custodial brokerage firms or banks, in order to effect transactions in client accounts. Clients are responsible for paying custodial fees, brokerage commissions and other transaction charges. Custodians typically send clients month-end statements showing management fees deducted each quarter. SCM sends clients an invoice for its management fees at the time it deducts such fees (see Item 15 for more information) or when due if the fees are not deducted from clients’ accounts. Advisory Fees paid to SCM are determined quarterly on the basis of the market value of assets under management on the last business day of each calendar quarter; all accounts are billed and payable in advance at the beginning of each new quarter based on the value of the accounts at the end of the previous quarter. Upon initiation during a calendar quarter, Advisory Fees are billed pro rata for the remainder of the quarter. We bill each account according to its valuation. SCM does not charge its clients performance fees for any of its services. There is generally a minimum portfolio size requirement of $250,000, and the associated fees are as follows:

Standard Portfolio Fees: First $250,000 @ 1½% per year Next $250,000 @ 1¼% per year Next $500,000 @ 1% per year Above $1,000,000 at ¾% per year

Additionally, SCM offers an arrangement, such as with IRA accounts, if the client does not initially qualify with the $250,000 minimum relationship requirements. The fees for these Below-Minimum Portfolios will be charged at a rate of 1¾% per year, with a minimum fee of $100 per quarter. Such accounts are expected to grow to the minimum size in time, with contributions and appreciation. While we believe our fees to be

Item 5. Fees and Compensation (Cont’d.) competitive in the industry, lower fees for comparable services may be available from other sources. In rare circumstances when requested by the client for complex financial or related issues, the Adviser offers hourly consultations on as-needed basis. The Portfolio Manager or professional staff are made available for such consultation and billed at the rate of $275.00 per hour. Fees may be charged for financial analysis and administrative services at a rate and for an amount agreed upon with the client in advance. Clients may conduct transactions for their own accounts through brokers unaffiliated with the Adviser or outside the scope of the Agreement. Since SCM does not custody assets, there are no custodial fees charged to clients. We do not charge any additional fees for trading mutual funds or ETFs beyond what are normal charges by the respective institutions which are paid directly by clients from their accounts at the custodian. Agreements may be terminated at any time by either party with advance written notice. In the event of termination, fees will be charged pro rata to the date of termination and the appropriate amount refunded to the client within 30 days of the date of termination. Management services will terminate on the date of termination. The client may terminate the Agreement within five (5) days of signing the Agreement with no penalty, and all management fees incurred will be refunded to the client. SCM does not receive any compensation for securities transactions in any client account, other than the Advisory Fees noted above. Adviser shall not assign any Advisory Agreement without obtaining prior written consent from the client and providing the client the opportunity to cancel their Advisory Agreement. Item 6. Performance-Based Fees and Side-By-Side Management SCM does not charge its clients performance fees for any of its services nor engage in Side-By-Side management of accounts. Each account is managed separately and charged accordingly. Item 7. Types of Clients The Adviser generally provides investment advice to individuals, trusts, estates and corporations or other business entities. There is generally a minimum portfolio size requirement of $250,000, see Item 5 above.

Item 8. Methods of Analysis, Investment Strategies and Risk of Loss SCM uses internal and publicly available external sources in the evaluation of securities for investment. The Adviser’s primary focus is placed on fundamental analysis of a company’s economic value and growth potential. This analysis is primarily used to minimize the non-systematic risk of an investment. Technical analysis is used to supplement this research and help determine relative values. Both technical analysis and adequate diversification are used to minimize the systematic risk in a portfolio. Investing inherently, by its nature, carries the risk of material loss, but we manage risk in a number of ways. At times, as market conditions warrant, accounts may hold cash balances or money market securities. In accounts where prior authorization is obtained, the selling of covered call option contracts is a strategy employed to capture extra income while at the same time protecting against the decline in value of an investment. In addition, we employ sector and geographic diversification in order to reduce the impact and risk of any one security having a major decline. Portfolio managers review the assets under management on a continuous basis. Positions in specific investments are reviewed to confirm that securities held are consistent with the investment objectives of each account. A determination then can be made as to whether a security should be purchased, held or sold. Accounts are also reviewed whenever economic, political or international developments occur which may affect financial markets and investment valuations. The Adviser’s sources of information include but are not limited to the following research materials: brokerage house research reports, financial newspapers and magazines, annual reports, prospectuses, SEC filings, company press releases, corporate rating services, and technical or outside newsletter reports. The Adviser believes that an investor’s focus should be over a span of two to three years for investment selection. Accordingly, the Adviser normally invests with an aversion to trading so as to allow for the accrual of long-term capital gains and earnings performance. Short term trading is usually only initiated upon client direction or when stock or securities or securities attain in the short term the anticipated return upon which the investment was predicated, or when substantive factors change the Adviser’s expectations. Item 9. Disciplinary Information Neither SCM, nor any of its managing principals, is or have been the subject of any complaints or involved in any disciplinary proceedings.

Item 10. Other Financial Industry Activities and Affiliations SCM is not engaged in any financial industry activities except managing portfolios and providing financial consultative services for a fee. The principal business of the Adviser and its principal executive officers involves portfolio management and giving investment and financial advice. Client securities accounts are held in custody by a brokerage firm or other qualified financial institutions. Neither SCM nor its management personnel are registered, or have an application pending to register, as a broker-dealer or a registered representative of a broker-dealer. Neither SCM nor its management personnel are registered, or have an application pending register, as a futures commission merchant, commodity pool operator, a commodity trading advisor, or an associated person of the foregoing types of entities. Additionally, SCM does not select other advisors for investment decisions on behalf of its clients. Item 11. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading SCM has adopted a Code of Ethics pursuant to SEC rule 204A-1. The Code of Ethics protects clients by strictly deterring misconduct, eliminating fraud or the potential for fraud, seriously restricting any recognized conflict of interest and maintaining procedures to promote responsible management of client assets and funds. The Code of Ethics also educates employees regarding the firm’s expectations and the laws governing their conduct. It reminds employees that they are in a position of trust and must act with complete propriety at all times. Additionally, it protects the reputation of the firm, guards against violation of securities laws, establishes procedures for employees to follow so that employees comply with the firm’s standards and finally, protects the rights of client financial privacy. The Code of Ethics governs the manner in which related and access persons can invest in securities that are also in client accounts; it prohibits investment in securities where the firm or its related persons have a material financial interest; it restricts the manner of and timing of trading in securities; it restricts discussion of client accounts and their investments; it establishes protocol for electronic communications and e-mail; it establishes guidelines for expenditures for gifts and entertainment SCM provides a complete copy of its Code of Ethics on its website and to any client or to any prospective client upon request.

Item 12. Brokerage Practices SCM has selected Charles Schwab and Co., Inc. as a custodian for clients because we believe they provide the best services at a competitive price. The reasonableness of their fees is based on the Schwab’s stability, reputation and ability to provide professional services including trade execution, competitive commission rates and prices, research, trading platform, and other services that will help us in providing investment management services to clients. We employ Schwab because they provide useful research and securities transaction services even though a lower commission may be charged by a broker who offers no research services and minimal securities transaction assistance. Not all research may be useful for every account. Nevertheless, consistent with obtaining best execution for clients, we may, at our discretion, direct brokerage transactions for clients' portfolios to brokers who provide research and execution services to us and, indirectly, to our clients. These services are of the type described in Section 28(e) of the Securities Exchange Act of 1934 and are designed to augment our own internal research and investment strategy capabilities. We do not attempt to put a specific dollar value on the services rendered or to allocate the relative costs or benefits of those services among clients, believing that the research we receive will help us fulfill our overall duty to our clients. When we use brokerage commissions to obtain research or brokerage services, in addition to it benefiting our clients, SCM may also receive a benefit to the extent that we do not have to produce such products internally or compensate third parties with our own money for the delivery of those services. To mitigate this conflict of interest where it helps us as well as our clients, we only direct brokerage where in aggregate we believe it will be best for our clients. During our last fiscal year, we have obtained the following types of products and services on a soft‐dollar basis: financial news and product information service and investment and capital market commentary. Without limiting the above, we receive certain additional economic benefits (“Additional Services”) that may or may not be offered to any retail customers. Specifically, the Additional Services include: data feeds, securities analysis, financial news, graphical presentations, modeling and pricing research from Telemet America, Inc. or Money.net, for example; trading and custodial services provided by Charles Schwab and Co., Inc. These Additional Services are utilized at our sole discretion. Our receipt of Additional Services raises potential conflicts of interest. In providing Additional Services to us, the provider most likely considers the amount and profitability of the trades placed for our client accounts. The provider has the right to terminate the Additional Services in its sole discretion. Consequently, in order to continue to obtain the Additional Services, we have an incentive to recommend to our clients that their assets be held in custody and to place transactions for client accounts with that provider. However, our receipt of Additional Services does not diminish our duty to act in the best interests of our clients, including our duty to seek best execution of trades for client accounts.

Item 12. Brokerage Practices (Cont’d.) Brokers that we select to execute transactions may from time to time refer clients to our firm. However, we do not make commitments to any broker or dealer to compensate that broker or dealer through brokerage or dealer transactions for any client referrals. We conduct periodic reviews of trading practices, analyzing price and commissions offered by the brokers used and volume of client commissions directed to each broker. SCM aggregates trades where possible and when we believe it will reduce costs or facilitate executions. Our block trading policy and procedures are designed to treat clients fairly and equitably. The financial institutions with which SCM does business provide us with access to its institutional trading and custody services. These services are not contingent upon our firm committing to any specific amount of business (assets in custody or trading commissions). Their brokerage services include the execution of securities transactions, custody, research, and access to mutual funds and other investments. Custody, trust and brokerage providers also make available to our firm other products and services that benefit us in servicing our clients but may not directly benefit our clients' accounts. Many of these products and services may be used to service all or some substantial number of our client accounts, including accounts not maintained with them. Products and services that assist us in managing and administering our clients' accounts include software and other technology that: provide access to client account data (such as trade confirmations and account statements); facilitate trade execution and allocate aggregated trade orders for multiple client accounts; provide research, pricing, and other market data; facilitate payment of our fees from clients' accounts; and assist with back‐office functions, recordkeeping, and client reporting. Charles Schwab and Co., Inc. also offers other services intended to help us manage and further develop our business enterprise. These services include: compliance, legal, and business information; publications and conferences on practice management and business succession; access to employee benefits providers and insurance providers and educational conferences. In evaluating whether to recommend or require that a client custody their assets at Schwab or any provider, we take into account the availability of some of the foregoing products and services and other arrangements as part of the total mix of factors we consider and not solely on the nature, cost or quality of custody, trust and brokerage services provided by them, which may create a conflict of interest. Item 13. Review of Accounts Personal contact with clients is encouraged and helps guide managers to meet changing client needs. The executive officers, specifically the President or Portfolio Managers,

Item 13. Review of Accounts (Cont’d.) meet with each client annually. During these contacts, the Adviser re-evaluates a client’s financial positions and investment objectives, noting any variance from previous meetings. The Adviser reports the results of our portfolio management at the end of each quarter. These performance reports are designed to provide essential information in a form that is easy to comprehend. Specifically, these reports show: the total amount placed under management and the current value of the portfolio, the internal rate of return net of advisory fees, a full listing of investments in the portfolio, their cost basis, current valuations and realized and unrealized gains and losses, current yield and lastly, an explicit invoice for our fees In addition, clients receive monthly statements and trade confirmations from either their bank or brokerage firm, or other institution that has custody of the account. These will show both the activity for the period and an account status report. We recommend to clients to compare SCM statements with custodial statements and notify us promptly of any discrepancy. Item 14. Client Referrals and Other Compensation SCM has neither paid nor received compensation for client referrals. In the event we institute a paid referral program, it will only be with registered representatives in each state. Item 15. Custody Custodial services are not offered by SCM other than that presumed as “constructive custody” by agreement under management fee arrangements that entail direct deduction from client accounts (see Item 5). Client securities accounts are held by a brokerage firm or other qualified financial institution. We generally will ask clients to maintain custody at Charles Schwab and Co., Inc. as detailed reporting and performance evaluation services and software are maintained and licensed by the Adviser from Schwab Performance Technologies. Ultimately the client is able to designate a custodian, provided that SCM believes the client’s needs will be properly served. As we previously disclosed in the "Fees and Compensation" section (Item 5) of this Brochure, by written authorization our firm directly charges in advance its management fees from client accounts. As part of this billing process, the client's custodian is advised of the amount of the fee to be deducted from that client's account. Because the custodian does not calculate the amount of the fee to be deducted, it is important for clients to carefully review their custodial statements to verify the accuracy of the assets held in

Item 15. Custody (Cont’d.) custody and our fee calculation, among other things. Clients should contact us directly if they believe that there may be an error in the statements. Our firm does not have physical custody of client accounts or assets. Clients receive monthly statements and trade confirmations from their custodial firm. They also receive quarterly statements from SCM. Clients are encouraged to make comparisons between the statements. Item 16. Investment Discretion SCM is an independent fee-only Adviser that requires discretionary investment authority to provide portfolio management services to its client accounts based on the individual needs expressed by each client. The Adviser does not physically handle cash or securities, but is authorized to give instructions at its discretion to financial institutions, such as custodial brokerage firms or banks, in order to effect transactions in client accounts. SCM will only provide discretionary supervisory services to accounts of clients who have granted the Adviser written, limited power of attorney for such services. Item 17. Voting Client Securities SCM does not exercise, either in person or by proxy, the voting rights of the shares in its client accounts, unless authorized by prior agreement with clients. In situations where the client has elected to exercise their own voting rights, the Adviser assists in obtaining information about their proxy voting rights, and all such rights as they are entitled, and in applying best judgment as to their best interests in exercising their rights. Item 18. Financial Information SCM has not been the subject of bankruptcy at any time, including the last ten years. SCM maintains firm net capital in compliance with state regulations. The Adviser’s net capital ensures that it will have the resources available to meet its financial and contractual obligations, including its commitments to its clients. Under no circumstances does SCM require or solicit payment of fees in excess of $500 per client and more than six months in advance of services rendered. Therefore, the Adviser is not required to include a financial statement with this form.

Item 19. Requirements for State-Registered Advisers Educational Background and Business Experience of Principal Officer One of the principal executive officers of SCM is as follows: Vijay R. Kanal – President, Managing Director Educational Background

Wharton School – University of Pennsylvania, MBA, 1987 Polytechnic – New York University, BS summa cum laude, 1981

Business Experience • Stinson Capital Management LLC, President and Chief Investment Officer,

February 2016–Present; Senior Portfolio Manager September 2015–Present • Stinson Capital Management LLC, Member April 2015–Present • Kanal Consulting, Owner/Principal, April 2014–Present • Cognizant Technology Solutions, Sr. Director, May 2012–April 2014 • BSR (Business for Social Responsibility), Director, April 2011–May 2012 • Kanal Consulting, Owner/Principal, March 2002-April 2011

Mr. Kanal is on the board of Tandem, Partners in Early Learning, a non-profit organization in the San Francisco Bay area that promotes literacy in early childhood. He also volunteers at other non-profit organizations. Information regarding Mr. Kanal’s formal education and employment background is also included in Item 2 of Part 2B: Brochure Supplement below. Other Business Activities of Principal Officer Information regarding Mr. Kanal’s other business activities is included in Item 2 of Part 2B: Brochure Supplement below. Performance Fee Calculations SCM does not charge performance based fees for its investment advisory business. See Item 5 - Fees and Compensation of Part 2A above for more information about the Advisor’s fee policy. Disciplinary Information Mr. Kanal does not have any disciplinary events. Material Relationships with Issuer of Securities Mr. Kanal does not have any relationships or arrangements with issuers of securities.

Material Conflicts of Interest California Code of Regulations Section 260.238 (k) provides that failing to disclose to a client in writing before entering or renewing an advisory agreement with that client any material conflicts of interest regarding the investment adviser, its representatives or any of its employees, which could be reasonably expected to impair the rendering of unbiased and objective advice does not promote ''fair, equitable or ethical principles''. All material conflicts of interest have been disclosed.

Item 19. Requirements for State-Registered Advisers (Cont’d.) Educational Background and Business Experience of Principal Officer

One of the principal executive officers of SCM is as follows:

John H. Maslanik – CCO, Secy-Treasurer Educational Background

Joseph Korbel School of Int’l Studies – University of Denver, MA, 2001 University of Colorado - Denver, MBA, 1986 University of Wyoming, BS, 1980

Business Experience

• Stinson Capital Management LLC, Secy-Treasurer, April 2007–Present • Frontier Capital, Inc., President, January 1994–Present • Big 3 Supply Co. of Wyoming, President, August 1980–December 1993 • TBM Land Conservancy, Inc., VP-Secretary, December 2001–Present • McMillan Sales Corp., Secretary, December 1997–Present

Mr. Maslanik was a member of the first US Peace Corps team in Russia from 1992 to 1993 where he acted as a financial consultant to the Vladivostok Water & Sewer Administration. A three-time candidate for Colorado State Government elected office, Mr. Maslanik is a member of The Denver Forum, the City Club of Denver, the Denver World Affairs Council and other community organizations

Information regarding Mr. Maslanik’s formal education and employment background is also included in Item 2 of Part 2B: Brochure Supplement below. Other Business Activities of Principal Officer Information regarding Mr. Maslanik’s other business activities is included in Item 2 and Item 4 of Part 2B: Brochure Supplement below. Performance Fee Calculations SCM does not charge performance based fees for its investment advisory business. See Item 5 - Fees and Compensation of Part 2A above for more information about the Advisor’s fee policy. Disciplinary Information Mr. Maslanik does not have any disciplinary events.

Item 19. Requirements for State-Registered Advisers (Cont’d.) Material Relationships with Issuer of Securities Mr. Maslanik does not have any relationships or arrangements with issuers of securities. Material Conflicts of Interest California Code of Regulations Section 260.238 (k) provides that failing to disclose to a client in writing before entering or renewing an advisory agreement with that client any material conflicts of interest regarding the investment adviser, its representatives or any of its employees, which could be reasonably expected to impair the rendering of unbiased and objective advice does not promote ''fair, equitable or ethical principles''. All material conflicts of interest have been disclosed.

Stinson Capital Management, LLC 235 Montgomery Street, Suite 808 San Francisco, CA 94104-2906

Tel: (415) 956-1776 Fax: (415) 391-3587 www.stinsoncapital.net

Form ADV Part 2B: Brochure Supplement

Date Updated: March 24, 2017

This Brochure provides information about the qualifications and business practices of Stinson Capital Management, LLC (SCM). It will introduce you to our principals and describe their qualifications and level of experience. If you have any questions about the contents of this Brochure, please contact us at (415) 956-1776 or email us 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. SCM is a registered Investment Adviser. Registration of an Investment Adviser does not of itself imply any level of skill or training. The oral and written communications of an Adviser and its principals provide you with information based on which you determine whether to hire or retain an Adviser. Additional information about SCM and its advisory personnel is available on the SEC’s website at: www.adviserinfo.sec.gov. You can search this site by unique identifying number, known as a CRD number. Our firm's CRD number is 284965.

Form ADV Part 2B: Brochure Supplement March 24, 2017

Stinson Capital Management, LLC

235 Montgomery Street, Suite 808 San Francisco, CA 94104-2906

Tel: (415) 956-1776 Item 1 This Brochure Supplement provides information about Vijay R. Kanal (CRD: 2374947), which supplements the Stinson Capital Management, LLC Brochure. You should have received a copy of that Brochure. Please contact [email protected] or (415) 956-1776 if you did not receive the firm’s Brochure or if you have any questions about the contents of this Brochure Supplement. Additional information about Vijay R. Kanal is available on the SEC’s website at ww.adviserinfo.sec.gov. The firm may be found by searching by its CRD number: 284965. Item 2 - Educational Background and Business Experience

Born: 1959 Educational Background

Wharton School – University of Pennsylvania, MBA, 1987 Polytechnic – New York University, BS, 1981

Business Experience • Stinson Capital Management LLC, President and Chief Investment Officer,

February 2016–Present; Senior Portfolio Manager September 2015–Present • Stinson Capital Management LLC, Member April 2015–Present • Kanal Consulting, Owner/Principal, April 2014—Present • Cognizant Technology Solutions, Sr. Director, May 2012–April 2014 • BSR (Business for Social Responsibility), Director, April 2011–May 2012 • Kanal Consulting, Owner/Principal, March 2002–April 2011

Item 3 ‐ Disciplinary Information Mr. Kanal does not have any disciplinary events. Item 4 ‐ Other Business Activities Mr. Kanal does not have any other investment-related business activities. Kanal Consulting is a personal holding company occasionally active in technology related consulting projects. Item 5 ‐ Additional Compensation Mr. Kanal does not receive any additional forms of compensation.

Item 6 ‐ Supervision Advice provided to clients by the investment committee, including Vijay Kanal, is entered in the client file. Email communication is archived. John Maslanik, Chief Compliance Officer, Secretary-Treasurer is responsible for supervision of Vijay’s advisory activities on behalf of SCM. John's direct telephone number is (303) 861-8050. Item 7 – Requirements for State-Registered Advisers Mr. Kanal does not have any arbitration events, civil or self-regulatory and administrative proceedings or bankruptcy petitions to report.

Form ADV Part 2B: Brochure Supplement - Continued March 24, 2017

John H. Maslanik, Stinson Capital Management, LLC

1825 Lawrence Street, Suite 111 Denver, CO 80202-1817

Tel: (303) 861-8050 Item 1 This Brochure Supplement provides information about John H. Maslanik (CRD: 2131356), which supplements the Stinson Capital Management, LLC Brochure. You should have received a copy of that Brochure. Please contact [email protected] or (415) 956-1776 if you did not receive the firm’s Brochure or if you have any questions about the contents of this Brochure Supplement. Additional information about John H. Maslanik is available on the SEC’s website at ww.adviserinfo.sec.gov. The firm may be found by searching by its CRD number: 284965 Item 2 - Educational Background and Business Experience

Born: 1954 Educational Background

Joseph Korbel School of Int’l Studies – University of Denver, MA, 2001 University of Colorado - Denver, MBA, 1986 University of Wyoming, BS, 1980

Business Experience

• Stinson Capital Management LLC, Secy-Treasurer, April 2007–Present • Frontier Capital, Inc., President, January 1994–Present • Big 3 Supply Co. of Wyoming, President, August 1980–December 1993 • TBM Land Conservancy, Inc., VP-Secretary, December 2001–Present • McMillan Sales Corp., Secretary, December 1997–Present

Item 3 ‐ Disciplinary Information Mr. Maslanik does not have any disciplinary events Item 4 ‐ Other Business Activities Mr. Maslanik does not have any other investment-related business activities. Frontier Capital, Inc. is a personal investment company and is engaged in business consulting and advising on ownership transfers as a Murphy Business & Financial franchisee; TBM Land Conservancy, Inc. is a mining claim and property management company; McMillan Sales Corp. is a family-owned plumbing and heating distribution company. Item 5 ‐ Additional Compensation Mr. Maslanik does not receive any additional forms of compensation.

Item 6 ‐ Supervision Advice provided to clients by the investment committee, including John Maslanik, is entered in the client file. Email communication is archived. Vijay Kanal, President, Chief Investment Officer is responsible for supervision of John’s advisory activities on behalf of SCM. Vijay's direct telephone number is (415) 956-1776. Item 7 – Requirements for State-Registered Advisers Mr. Maslanik does not have any arbitration events, civil or self-regulatory and administrative proceedings or bankruptcy petitions to report.

Business Continuity Plan - Summary Stinson Capital Management, LLC (SCM) has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of such disasters and disruptions is unpredictable, the plan is predicated on being flexible in responding to actual events as they occur. With that in mind we are providing our clients with this disclosure and information about our plan in case of such an event. Business Contact If, after a significant business disruption, you cannot contact us as you usually do at (415) 956-1776, you should call our alternate telephone number, (303) 861-8050, or e-mail us at [email protected]. If you cannot access us through either of those means, you should contact your custodian, Charles Schwab & Co., Inc. (Schwab) at (800) 515-2157 for instructions on how it may provide prompt access to funds and your securities in your account and enter orders and process other trade related, cash and security and transfer transactions. Custody of Assets It is important to remember that your investments, cash and securities, are held in custody at Schwab. As your advisor, we rely upon them for additional support and resources in case if a disruption that affects our ability to transact business on your behalf. Resumption of Operations We plan to recover quickly and resume business operations after a significant business disruption and respond by safely guarding our employees and property, making a prompt financial and operational assessment, protecting the firm’s books and records and allowing our customers to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. SCM maintains offsite databases of customer accounts and its business accounts in addition to account information held at Schwab. Mission critical financial and operational systems are web-based. Communications with employees in other locations, with customers and regulators will take top priority to assure all parties of our status and our ability to continue our business. Your custodian, Schwab, backs up important records in multiple geographic locations. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by your custodian that its objective is to restore its own operations or transfer operations to another of its facilities, and be able to complete existing transactions and accept new transactions and payments with minimal impact.

Scope of Disruption Business disruptions can vary in their size and impact from a single location, the business district where our firm is located, the city where we are located or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or the building housing our firm, we will transfer our operations to another local site when needed and expect to recover and resume operations within twenty-four hours. In a disruption affecting our business district, city or region, we will transfer our operations to a site outside of the affected area and recover and resume business within twenty-four hours. In either situation, we plan to continue our business, transfer operations to our clearing firm if necessary and notify you through our website or our customer emergency number, 303-861-8050 with instructions on how to contact us. If the business disruption is so severe that it prevents us from remaining in business, we will assure our customers prompt access to their funds and securities at their custodian. Your orders and requests for funds and securities could be delayed during this period. SCM’s Business Continuity Plan is designed to prepare us for significant business disruptions and to resume business operations as quickly as possible if an event did occur. Recovery objectives are not, however, hard and fast deadlines that must be met in every emergency situation, and various external factors surrounding a disruption, such as time of day, scope of disruption, and status of critical infrastructure—particularly telecommunications—can affect actual recovery times. This Business Continuity Plan disclosure is subject to change without notice. We may modify this disclosure at any time with such modifications becoming effective upon posting to our website. You may obtain a current copy of this disclosure by accessing our website at www.stinsoncapital.net. Alternatively, you may obtain a copy of this disclosure by mail upon request. Please contact us at the above telephone number.

http://www.stinsoncapital.net/

stinson capital management, llc form adv part 2a: brochure · 2017. 4. 19. · page 1 . stinson...

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