A. Firm Information
Vision Capital Partners (“VCP” or the “Advisor”) is a registered investment advisor with the U.S.
Securities and Exchange Commission (“SEC”). The Advisor is organized as a Corporation
under the laws of the State of Michigan. VCP was founded in 2006 and is owned and operated
by Thomas Duncan, President. This Firm Brochure provides information regarding the
qualifications, business practices, and the advisory services provided by VCP.
B. Advisory Services Offered
VCP offers investment advisory services to individuals, high net worth individuals, trusts,
estates, charitable organizations, businesses and pension plans (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and
regulations. As a fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards
each Client and seeks to mitigate potential conflicts of interest. VCP’s fiduciary commitment is
further described in the Advisor’s Code of Ethics. For more information regarding the Code of
Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client Transactions and
Personal Trading.
Investment Management Services
VCP provides customized investment advisory solutions for its Clients. This is achieved through
continuous personal Client contact and interaction while providing discretionary and non-
discretionary investment management and consulting services. VCP works with each Client to
identify their investment goals and objectives as well as risk tolerance and financial situation, in
order to create a portfolio allocation. VCP will then construct a portfolio, consisting of low-cost,
diversified mutual funds and/or exchange-traded funds (“ETFs”) to achieve the Client’s
investment goals. The Advisor may also utilize individual stocks, bonds, certificates of deposit,
municipal
securities, options, united states government bonds and other securities to meet the
needs of its Clients. The Advisor may retain certain legacy investments based on portfolio fit
and/or tax considerations.
VCP’s investment approach is primarily long-term focused, but the Advisor may buy, sell or re-
allocate positions that have been held for less than one year to meet the objectives of the Client
or due to market conditions. VCP will construct, implement and monitor the portfolio to ensure
it meets the goals, objectives, circumstances, and risk tolerance agreed to by the Client. Each
Client will have the opportunity to place reasonable restrictions on the types of investments to
be held in their respective portfolio, subject to acceptance by the Advisor.
VCP evaluates and selects investments for inclusion in the Client portfolios only after applying
its internal due diligence process. VCP may recommend, on occasion, redistributing investment
allocations to diversify the portfolio. VCP may recommend specific positions to increase sector
or asset class weightings. The Advisor may recommend employing cash positions as a
possible hedge against market movement, which may adversely affect the portfolio. VCP may
recommend selling positions for reasons that include, but are not limited to, harvesting capital
gains or losses, business or sector risk exposure to a specific security or class of securities,
overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of the
Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s
risk tolerance.
Page 5
At no time will VCP accept or maintain custody of a Client’s funds or securities, except for the
limited authority as outlined in Item 15 – Custody. All Client assets will be managed within the
designated account[s] at the Custodian, pursuant to the terms of the agreement. Please see