Latitude Advisors, LLC is a registered investment adviser based in Vero Beach, Florida. We are
organized as a limited liability company under the laws of the State of Delaware. We have been
providing investment advisory services since 2009. Latitude Financial, LLC is our owner. Currently, we
offer the following investment advisory services, which are personalized to each individual client:
•Financial Planning and Consulting Services;
•Portfolio Management Services;
•Selection of Other Advisers; and
•Pension Consulting Services.
The following paragraphs describe our services and fees. Please refer to the description of each
investment advisory service listed below for information on how we tailor our advisory services to your
individual needs. As used in this Disclosure Brochure, the words "we," "our," "firm," and "us" refer to
Latitude Advisors, LLC and the words "you," "your," and "client" refer to you as either a client or
prospective client of our firm. Also, you may see the term Associated Person throughout this
Disclosure Brochure. As used in this Disclosure Brochure, our Associated Persons are our firm's
officers, employees, and all individuals providing investment advice on behalf of our firm.
Financial Planning and Consulting Services
The financial planning services we offer will typically involve providing a variety of services, principally
advisory in nature, regarding the management of your financial resources based upon an analysis of
your individual needs. An Associated Person of our firm will first conduct a complimentary initial
consultation. After the initial consultation, if you decide to engage us for financial planning services, an
Associated Person of our firm will conduct follow up meetings as necessary, during which pertinent
information about your financial circumstances and objectives is collected. Once such information has
been reviewed and analyzed, we may develop a written financial plan - designed to achieve your
stated financial goals and objectives. Alternatively, we may consult with you on limited scope basis
rather than develop a full financial plan. The primary objective of this process is to allow us to assist
you in developing a strategy for the successful management of income, assets, and liabilities in
meeting your financial goals and objectives. We also provide ongoing financial consulting services to
clients which may include, but is not limited to some or all of the following services:
•Cash flow analysis
•Debt management
•Retirement savings planning
•Education planning
•Tax planning
•Insurance needs analysis
•Investment recommendations
•Withdrawal strategies
•Business planning (cash flow, debt evaluation, tax records, employee benefits package review
and offerings, savings, investments, asset protection and ownership transition)
We also will have scheduled calls at least quarterly for our retainer services.
Financial plans and consulting services are based on financial information disclosed by you to our firm.
Please be advised that certain assumptions may be made with respect to interest and inflation rates
and use of past trends and performance of the market and economy. Past performance is in no way an
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indication of future results. We cannot offer any guarantees or promises that your financial goals and
objectives will be met. If, and when, your financial situation, goals, objectives, or needs change, you
must notify us promptly.
Portfolio Management Services
We offer portfolio management services that are tailored to meet our clients' unique investment needs
and objectives. Upon engagement of our portfolio management services, we will consult with you
regarding your financial circumstances and objectives and assist you in determining (a) an appropriate
set of financial goals, (b) a time horizon for your investments, and (c) your level of risk tolerance. We
will synthesize and evaluate the information gathered during our consultation(s) to develop a
customized investment portfolio and strategy that is based upon your unique investment profile. This
customized investment program may include the selection of particular securities for investment, and,
where appropriate, the implementation of a predefined investment strategy(ies), the use of certain sub-
advisors, and/or the implementation of certain model investment portfolios that have been designed by
our firm and/or a third party money investment management firm ("Model Portfolios").
In addition to managing your assets directly we offer the following Model Portfolio options. Our current
Model Portfolios and predefined investment strategies are listed below. Once we construct an
investment portfolio for you, or select a Model Portfolio or predefined investment strategy, we will
monitor your portfolio's performance on an ongoing basis and will rebalance the portfolio as required
by changes in market conditions and in your financial circumstances.
At present, our firm offers the following Model Portfolios and predefined investment strategies:
•"Latitude" Models: Our Latitude models are diversified multi-asset class allocation portfolios
managed using specific techniques to identify investments with attractive valuation
opportunities on a tactical basis. The models primarily invest in mutual funds or exchange-
traded funds ("ETFs") that provide exposure to certain asset classes, geographies, and
economic sectors that are representative of the global financial markets. The strategies used in
our model portfolios attempt to identify candidates with attractive/unattractive valuations using a
variety of fundamental tools. The models are structured on a long-term strategic basis using a
variety of asset classes as a foundation, with pre-set 'ranges' in the form of maximum and
minimum overweights/underweights in each class, to provide both flexibility but also
consistency and risk control. Individual stocks may be selected in certain portfolios but follow
the same investment philosophy.
•"Navigator" Models: The models utilize specific techniques to identify asset classes with strong
price momentum. The models primarily invest in mutual funds that provide exposure to certain
asset classes, geographies, and economic sectors that are representative of the global financial
markets. The strategies used in our model portfolios attempt to identify price momentum trends
using quantitative tools. The models are structured with multiple 'sleeves', each with its own
factor weightings and trading intervals, to provide maximum flexibility and upside capability.
•Third Party Research Models: Focus Point Solutions (FPS) makes available to Latitude
Advisors, LLC investment strategies and model portfolios derived from Third Party signal
providers. FPS and Latitude are independent companies with no common ownership, control
or affiliation. Latitude Advisors, LLC shall at all times retain the ultimate decision making
authority to determine whether or not to utilize and implement the asset allocation and
investment recommendations made by Third Party signal provider in connection with
implementation of the Third Party research models independent from FPS. FPS will implement
the Third Party allocation and investment recommendations as directed by Latitude. These
research models invest in many different types of securities products including but not limited to
individual stocks and bonds, mutual funds and ETFs.
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If you participate in our discretionary portfolio management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow us to determine
the specific securities, and the amount of securities, to be purchased or sold for your account without
your approval prior to each transaction. Discretionary authority is typically granted by the investment
advisory agreement you sign with our firm and the appropriate trading authorization forms.
In general and excepting certain legacy accounts managed on a non-discretionary basis, all new client
accounts will be managed exclusively on a discretionary basis. However, in limited circumstances, and
at our sole discretion, we may agree to manage a new client account on a non-discretionary basis. If
you enter
into non-discretionary arrangement with our firm, we must obtain your approval prior to
executing any transactions on behalf of your account.
In providing discretionary management services, we do not accept client restrictions on the specific
securities or the types of securities that may be held in your account.
Selection of Other Advisors
We may recommend that you utilize the services of a third party money manager ("MM") to manage a
portion of, or your entire portfolio. All MMs that we recommend must either be registered as investment
advisers with the SEC or with the appropriate state authority(ies).
After gathering information about your financial situation and objectives, an Associated Person of our
firm will make recommendations regarding the suitability of a MM or investment style based on, but not
limited to, your financial needs, investment goals, tolerance for risk, and investment objectives. Upon
selection of a MM(s), we will continuously monitor the performance of any accounts managed by the
MM(s) to ensure their performance and investment style remains aligned with your investment goals
and objectives and will assume discretionary authority to hire or fire the MM(s) where such action is
deemed to be in your best interests.
If you are referred to MMs you will receive full disclosure, including services rendered and fee
schedules, at the time of the referral by delivery of a copy of the relevant MM's Form ADV Part 2 or
equivalent disclosure document. In addition, if the investment program recommended to you is a wrap
fee program, you will receive the Appendix 1 or equivalent wrap fee brochure provided by the sponsor
of the program. We will provide to you with all appropriate disclosure statements, including disclosure
of solicitation fees paid to our firm and our associated persons.
Pension Consulting Services
Our firm provides pension consulting services to employee benefit plans, the plan sponsors and
fiduciaries (collectively, the "Sponsor") based upon an analysis of the needs of the plan. In general,
these services may include an existing plan review, formation of an investment policy statement,
assisting the Sponsor in fund selection and investment options, investment performance monitoring,
risk management education, and/or ongoing consulting. Additionally, we will offer the Sponsor
assistance in setting up a relationship with a third party administrator and processing enrollment
forms. We may also offer communication and education services to provide meaningful information
regarding the retirement plan to its Participants. Information provided to participants in the educational
seminars will be limited to general, impersonal advice.
Pension consulting services will be provided pursuant to the agreement entered into and within the
parameters set forth in the plan documents. Where the Sponsor engages our firm to provide advice to
participants on an individual basis, such advice will be limited to general retirement planning issues,
and fund selection and asset allocation of plan assets.
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Plan Participants who wish to engage our firm for individualized financial planning or consulting
services outside the scope of the qualified plan may do so by executing a separate agreement,
including separate fees and fee payment arrangements, with us.
All accounts are regulated under ERISA. We will provide consulting services to the Sponsor and the
Participants as described above. The named Sponsor must make the ultimate decision as to retaining
our firm for pension consulting services. The Sponsor is free to seek independent advice about the
appropriateness of any recommended services for the plan.
Advisory Services to Retirement Plans
As disclosed above, we offer various levels of advisory and consulting services to employee benefit
plans ("Plan") and to the participants of such plans ("Participants"). The services are designed to assist
plan sponsors in meeting their management and fiduciary obligations to Participants under the
Employee Retirement Income Securities Act ("ERISA"). Pursuant to adopted regulations of the U.S.
Department of Labor under ERISA Section 408(b)(2), we are required to provide the Plan's responsible
plan fiduciary (the person who has the authority to engage us as an investment adviser to the Plan)
with a written statement of the services we provide to the Plan, the compensation we receive for
providing those services, and our status (which is described below).
The services we provide to your Plan, and the corresponding compensation are described above, and
in the service agreement that you have previously signed with our firm. We may, with consent of the
Plan, and in accordance with Plan documents, bill out of pocket expenses (such as overnight mailings,
messenger, translation fees, etc.) at cost. We do not reasonably expect to receive any other
compensation, direct or indirect, for the services we provide to the Plan or Participants. Nonetheless,
since Associated Persons of our firm are registered representative and/or licensed insurance agents,
these individuals may receive 12b-1 fees, revenue sharing or other forms of indirect compensation in
connection with mutual fund investments allowable under applicable authority through GWN Securities,
Inc. (please refer to Items 5, 12, and 14 for additional disclosures). If we receive any other
compensation for such services, we will (i) offset the compensation against our stated fees, and (ii) we
will promptly disclose the amount of such compensation, the services rendered for such compensation
and the payer of such compensation to you.
In providing services to the Plan and Participants, our status is that of an investment adviser registered
under the Investment Advisers Act of 1940, and we are not subject to any disqualifications under
Section 411 of ERISA. In performing fiduciary services, we are acting as a non-discretionary fiduciary
of the Plan as defined in Section 3(21) under ERISA, only.
Types of Investments
We reserve the right to advise you on any type of investment that we deem appropriate based on your
stated goals and investment objectives. We may also provide advice on any type of investment held in
your at the inception of the advisory relationship or on any investment on which you request advice.
You may request that we refrain from investing in particular securities or certain types of securities.
You must provide these restrictions to our firm in writing.
IRA Rollover Recommendations
For purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02")
where applicable, we are providing the following acknowledgment to you. When we provide
investment advice to you regarding your retirement plan account or individual retirement account, we
are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the
Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we
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make money creates some conflicts with your interests, so we operate under a special rule that
requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's
provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent
advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest.
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of December 31, 2023, we provide continuous management services for $324,585,000 in client
assets on a discretionary basis, and $15,807,000 in client assets on a non-discretionary basis.