A. Firm Information
MBA Advisors LLC d/b/a Matune Basile Advisors (“MBA” or the “Advisor”) is a registered investment advisor with
the U.S. Securities and Exchange Commission. The Advisor is organized as a Limited Liability Company (LLC)
under the laws of the Commonwealth of Pennsylvania. MBA was founded in June 2013, and is owned and
operated by John Walter Matune, CFP® (Managing Member and Chief Compliance Officer) and Michael Jason
Basile, CFA (Managing Member). This Disclosure Brochure provides information regarding the qualifications,
business practices, and the advisory services provided by MBA.
B. Advisory Services Offered
MBA offers investment advisory services to List the types of clients: individuals, high net worth individuals, trusts,
estates, businesses and retirement 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. MBA’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
MBA provides customized investment advisory solutions for its Clients. This is achieved through continuous
personal Client contact and interaction while providing discretionary investment management and related
advisory services. MBA works closely with each Client to identify their investment goals and objectives as well as
risk tolerance and financial situation in order to create a portfolio strategy. MBA will then construct an investment
portfolio of mutual funds, exchange-traded funds (“ETFs”), stocks and bonds to achieve the Client’s investment
goals. The Advisor may also employ options depending on the needs and objectives of the Client. The Advisor
may retain certain types of investments based on a Client’s legacy investments based on portfolio fit and/or tax
considerations.
MBA will select, recommend and/or retain mutual funds on a fund by fund basis. Due to specific custodial and/or
mutual fund company constraints, material tax consideration, and/or systematic investment plans, MBA will
select, recommend and/or retain a mutual fund share class that does not have trading costs, but do have higher
internal expense ratios than institutional share classes. MBA will seek to select the lowest cost share class
available that is in the best interest of each Client and will ensure the selection aligns with the Client’s financial
objectives and stated investment guidelines.
MBA’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. MBA
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.
MBA evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. MBA may recommend, on occasion, redistributing investment allocations to diversify the
portfolio. MBA 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. MBA 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.
All Client assets will be managed within the designated account[s] at the Custodian, pursuant to the terms of the
advisory agreement. Please see Item 12 – Brokerage Practices.
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Schwab Bank Pledged Asset Line® – The Advisor may introduce certain Clients to a Pledged Asset Line®, a non-
purpose revolving line of credit made available through Charles Schwab Bank, secured by eligible assets held in
an account maintained at the Custodian. (“Lending Program”). In such instances, the Client’s assets in their
account[s] at the Custodian will be utilized as collateral for a non-purpose revolving line of credit. The
recommendation of a Lending Program presents a conflict of interest as the Advisor will continue to receive
investment advisory fees for managing the collateralized assets in the Client’s account[s]. Clients are not
obligated to engage the Advisor for the Lending Program. For additional information related to the risks involved
non-purpose loans and lines of credit, please see Item 8 - Methods of Analysis, Investment Strategies and Risk
of Loss.
Retirement Accounts- When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing
retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over
the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based
account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a
new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll
over a retirement account to an account managed by the Advisor.
Financial Planning Services
MBA will provide a variety of financial planning and consulting services to Clients. Typically, these services are
included with Investment Management Services. Occasionally these services are provided pursuant to a written
stand-alone financial planning agreement. Services are offered in several areas of a Client’s financial situation,
depending on their goals and objectives.
Generally, such financial planning services involve preparing a formal financial plan or rendering a specific
financial consultation based on the Client’s financial goals and objectives. This planning or consulting may
encompass one or more areas of need, including but not limited to, investment planning, retirement planning,
education savings, debt/credit planning, insurance needs and other areas of a Client’s financial situation.
A financial plan developed for, or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs.
MBA may also refer Clients to an accountant, attorney or other specialists, as appropriate for their unique
situation. For certain financial planning engagements, the Advisor will provide a written summary of the Client’s
financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may
not provide a written summary. Plans or consultations are typically completed within six (6) months of contract
date, assuming all information and documents requested are provided promptly.
Financial planning and consulting recommendations poses a conflict between the interests of the Advisor and the
interests of the Client. For example, a recommendation to engage the Advisor for investment management
services or to increase the level of investment assets with the Advisor would pose a conflict, as it would increase
the advisory fees paid to the Advisor. Clients are not obligated to implement any recommendations made by the
Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the
recommendations made by the Advisor, the Client is under no obligation to implement the transaction through
the Advisor.
Retirement Plan Advisory Services
MBA provides retirement plan advisory services on behalf of the retirement plans (each a “Plan”) and the
company (the “Plan Sponsor”). The Advisor’s retirement plan advisory services are designed to assist the Plan
Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each engagement is customized
to the needs of the Plan and Plan Sponsor. Services generally include:
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• Plan Participant Enrollment and Education Tracking
• Investment Oversight Services (ERISA 3(21))
• Ongoing Performance Reporting
• Ongoing Investment Recommendation and Assistance
These services are provided by MBA serving in the capacity as a fiduciary under the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section 408(b)(2), the Plan
Sponsor is provided with a written description of MBA’s fiduciary status, the specific services to be rendered and
all direct and indirect compensation the Advisor reasonably expects under the engagement.
C. Client Account Management
Prior to engaging MBA to provide investment advisory services, each Client is required to enter into one or more
agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor and
the Client. These services may include:
• Establishing an Investment Strategy – MBA, in connection with the Client, will develop a strategy that
seeks to achieve the Client’s goals and objectives.
• Asset Allocation – MBA will develop a strategic asset allocation that is targeted to meet the investment
objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction – MBA will develop a portfolio for the Client that is intended to meet the stated
goals and objectives of the Client.
• Investment Management and Supervision – MBA will provide investment management and ongoing
oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
MBA does not manage or place Client assets into a wrap fee program. Investment management services are
provided directly by MBA.
E. Assets Under Management
As of December 31, 2023, MBA manages $258,691,107 in Client assets, all of which are managed on a
discretionary basis. Clients may request more current information at any time by contacting the Advisor.