(A) Operational and Organizational Information: Golden Bay
Advisors LLC (“Golden Bay” or the “Firm”) is a limited liability
company formed under the laws of the state of Delaware. As stated
on the cover page of this Brochure, registration as an investment
adviser does not imply a level of skill or training. The Firm was
organized in May of 2013. The principal owner of the Firm is
Matthew Krusko.
Types of Advisory Services Offered: The Firm provides portfolio
management for separately managed accounts and retirement plans,
and financial planning services.
The Firm does not hold itself out as specializing in a particular type
of advisory service. Please review the Firm’s investment guidelines,
specified below under “Client Investment Guidelines and
Parameters.”
(B) Client Investment Guidelines and Parameters: Advisory
services include among other things, providing advice regarding
asset allocation and the selection of investments. Decisions relating
to investment advice are based on an analysis of the merits of the
investment involved and on the investment guidelines and
restrictions of the Client. Note: For purposes of the Brochure,
“Client” refers to separately managed account clients. The Firm
provides discretionary investment advisory services to all fee paying
Client accounts. Lower fees for comparable services may be
available from other sources.
The following is a general description of the principal types of trades
and/or investments which the Firm currently contemplates engaging
in, certain techniques that it may employ, the investment criteria that
it plans to apply, and the guidelines that it has established regarding
the composition of its investment portfolios. The following
description is merely a summary and you should not assume that any
descriptions of specific activities are intended in any way to limit
the types of investment activities the Firm may undertake. The Firm
primarily focuses its investment strategy on exchange-traded funds
(“ETFs”), and also utilizes individual stocks, open-end mutual funds
and other investments. The securities acquired by the Firm may
include a wide variety of equity and debt obligations including, but
not limited to, securities of foreign issuers, currencies, commodities,
foreign exchange, real estate-related securities, and derivatives. The
Firm does not currently intend to take positions in commodity
futures, non-security-based swaps or other items regulated by the
Commodity Futures Trading Commission (the “CFTC”), but does
utilize options and other derivative instruments.
The Firm assists Clients in determining their investment objectives
and needs, and each account is managed in accordance with those
objectives and needs. In analyzing each Client’s objectives, the
Firm considers, where applicable, the Client’s overall financial
condition, income and tax status, personal and business assets,
insurance, risk profile and other factors unique to each Client’s
particular circumstances. An analysis of a Client might include a
review of legal documents, portfolio size, expected inflow and
outflow of assets, and, in the case of employee benefit accounts, the
type of plan, plan provision, number of participants and age
distribution.
The Firm strives to obtain a full, clear and complete understanding
of each such Client’s current financial situation, financial holdings,
investment objectives, risk tolerance, and investment needs and
desires. The Client is responsible for the accuracy and adequacy of
information, records, and data provided to the Firm. In connection
with managing the investments of Clients, the applicable investment
management agreements provide investment guidelines and
parameters that provide the context within which the Firm renders
its investment management services.
Wrap Fee Programs: The Firm acts as portfolio manager for and
sponsor of a wrap fee program, which is an investment program
where the client pays one stated fee that includes management fees,
transaction costs, and certain other administrative fees. However,
this brochure describes the Firm’s non-wrap fee advisory services;
clients utilizing the Firm’s wrap fee portfolio management should
see the Firm’s separate Wrap Fee Program Brochure. The Firm
manages the investments in the wrap fee program, but does not
manage those wrap fee accounts any differently than it would
manage non-wrap fee accounts. The Firm receives the advisory fee
set forth in Item 5 below as a management fee under the wrap fee
program. Please also see Item 5 and Item 12 of this brochure.
(B) Client Assets Under Management: (rounded to the nearest
$100,000)
As of December 2023, The Firm has the following assets under
management:
Discretionary: $ $140,093,577
Non-discretionary: $ 0