A. Firm Information
Eudaimonia Asset Management, LLC (“EAM” or the “Firm”) is a registered investment advisor with the SEC. The
Firm is organized as a Limited Liability Company (LLC) under the laws of the State of Tennessee. EAM was founded
in November 2018 and is owned and operated by John Goodson (President) through the holding company
Eudaimonia Group LLC. Eudaimonia Group, as a holding company, additionally owns the affiliated RIAs –
Eudaimonia Partners LLC and Eudaimonia Advisors LLC. This Disclosure Brochure provides information regarding
the qualifications, business practices, and the advisory services provided by EAM.
B. Advisory Services Offered
EAM offers investment advisory services to outside investment advisers on a sub-advisory basis. EAM regularly
provides these services to the affiliated RIAs of the Eudaimonia Group – Eudaimonia Partners LLC and Eudaimonia
Advisors LLC.
The Firm serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
Eudaimonia upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. Eudaimonia’s fiduciary commitment is further described in the 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
Sub-advisory Services: EAM offers its investment strategy and portfolio modeling services to other investment
advisers on a sub-advisory basis. In such arrangements, EAM enters into a sub-advisory agreement with the
investment adviser for EAM’s investment management services and the use of investment models and asset
allocation strategies. EAM constructs an asset allocation and selects the underlying investments for each investment
model portfolio based on client investment objectives provided by the investment adviser. Client accounts are
generally managed via a third-party investment management platform (“Platforms”). Sub-advisory services may be
on a discretionary or non-discretionary basis depending on the sub-advisory agreement. In a discretionary
arrangement, EAM creates an investment model portfolio for a particular investment style, and based on that model,
EAM exercises investment discretion over the transactions in the client accounts and is responsible for effecting
such transactions. In a non-discretionary arrangement, the investment advisers receive EAM’s investment model
portfolio for a particular investment style, and based on that model, the investment adviser exercises investment
discretion over the transactions in the client accounts and EAM is responsible for effecting such transactions.
When appropriate for a client, our affiliates – Eudaimonia Partners and Eudaimonia Advisors – will offer the sub-
advisory services of EAM. The services are offered to these clients as Strategic Eudaimonia Asset Management
program (“SEAM”). Clients of the affiliated entities are under no obligation to utilize the services of EAM or SEAM.
Where clients agree to obtain services from EAM, the holding company, Eudaimonia Group LLC, has a conflict of
interest as it receives greater compensation in this scenario over client relationships where unaffiliated providers
provide services
.
SEAM Small Account Solution: EAM provides a small account solution to accounts and clients needed such
services. With an opening minimum of $1500, EAM provides model management using a targeted number of
exchange-traded funds (“ETFs”) to provide one of four models – conservative, moderate, growth, or tactical. The
ETFs utilized are a subset of the options utilized in SEAM for accounts of larger balances. Accounts using the
Small Account Solution may transfer into full SEAM models at a time when the account balance allows. Entry into
full SEAM models is available for accounts with a minimum of $10,000 available to invest.
EAM Unified Management Account Program: EAM offers investment strategy
and portfolio modeling services to
Unified Management Account (“UMA”) programs. Eudaimonia Asset Management completes due diligence,
constructs an asset allocation, and selects the underlying investments for each investment model portfolio based
on client investment objectives. The UMA program sponsor receives EAM’s investment model portfolio for a
particular investment style and is responsible for effecting transactions in client accounts. EAM is available to
provide such services to the IARs of Eudaimonia. The IAR of Eudaimonia Advisors or Eudaimonia Partners, where
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granted, maintains the discretionary authority related to any specific client account and determines, when and how
to utilize the model offerings under this program.
Services Limited to Specific Types of Investments: EAM generally limits its investment advice to mutual funds,
real estate funds (including REITs), equities, ETFs (including ETFs in the gold and precious metal sectors) and non-
U.S. securities. EAM may use other securities as well to help diversify a portfolio when applicable.
The use of EAM by its affiliates presents a conflict of interest because clients pay platform fees to EAM for use of the
EAM Models. Please see Item 10 – Other Financial Industry Activities and Affiliations for more information.
C. Client Account Management
EAM offers the same suite of services to all investment advisers supported by EAM. Specific investment strategies
and their implementation for clients are dependent upon the direction of the investment adviser representative in
consultation with their client. When requested by the investment advisor representative, EAM assists the investment
adviser in the development and preparation of an Investment Policy Statement that describes their overall investment
policies, objectives, and guidelines, including, without limitation, asset allocation guidelines and investment
restrictions and preferences. EAM creates custom models/sleeves for the adviser based on the parameters set forth
by the adviser. Investment advisers may impose restrictions on investing in certain securities or types of securities in
accordance with their values or beliefs. However, if the restrictions prevent EAM from properly servicing the account,
or if the restrictions would require EAM to deviate from its standard suite of services, EAM reserves the right to end
the relationship.
As an important reminder, transfer of your account among different programs may create tax implications. EAM
programs are not focused on tax efficiency. Please consult your tax professional with any questions you may have
regarding your tax situation.
D. Wrap Fee Programs
EAM does not manage or place Client assets into a wrap fee program. Investment management services are provided
directly by EAM.
E. Assets Under Management
As of December 31, 2023, EAM manages $0 in Client assets, $0 of which are managed on a discretionary basis and
$0 on a non-discretionary basis. Clients may request more current information at any time by contacting the Firm.
Current services of EAM are primarily provided in a sub-advisory role to the clients and assets of its affiliated RIAs –
Eudaimonia Partners and Eudaimonia Advisors.
Management of assets by EAM is model driven. The investment advisor representative of our affiliated firms servicing
the account, in consultation with their client, elects which model they wish to be invested in. Assets in EAM models
are managed as part of the model along with all other assets invested in the same model. EAM does not provide
ongoing and continuous services specific to any account. EAM will make changes to the model, with no individualized
consideration to any specific client, based on market events or other parameters set forth in the model procedures.
The investment advisor representative servicing the account has the responsibility and authority to continuously
supervise and monitor the assets. As a result, these assets are recorded as regulatory assets under management of
our affiliated firms, Eudaimonia Partners LLC. and Eudaimonia Advisors LLC.