Nelson Enterprises LLC doing business as Nelson Capital Advisors is a limited liability company (LLC) formed under the laws of the State of Maine.
• Christopher J. Nelson is the President and 100% owner of Nelson Enterprises, LLC.
• Nelson Enterprises was initially approved as investment adviser in April 2020. Introduction The investment advisory services of Nelson Capital Advisors are provided to clients through an appropriately licensed individual who is an investment adviser representative of Nelson Capital Advisors (referred to as your investment adviser representative throughout this brochure). Description of Advisory Services The following are descriptions of the primary advisory services of Nelson Capital Advisors. Please understand that a written agreement, which details the exact terms of the service, must be signed by the client and Nelson Capital Advisors before the firm can provide the services described below. Investment Management and Advisory Services Nelson Capital Advisors offers comprehensive asset management services, providing advice and recommendations on fixed income securities and equities to institutional clients. Services may be provided on a discretionary or non-discretionary basis. Advice may also be given on broader asset/liability topics as requested. Management of the investment portfolio is performed as part of the institution’s overall asset/liability strategy development. Investment recommendations will be customized based on the client’s objectives, balance sheet composition, liquidity needs, and other unique parameters or constraints. Clients may impose reasonable restrictions on investing in certain sectors or types of securities. All security purchases are supported with pre-purchase documentation. Client meetings are held regularly, and a quarterly investment report is provided as part of the service. Consultations are also held with the client between meetings as needed. The client must appoint Nelson Capital Advisors as the investment adviser of record on specified accounts (collectively, the “Account”). The Account consists only of separate account(s) held by qualified custodian(s) under the client’s name. The qualified custodians maintain physical custody of all funds and securities of the Account, and the client retains all rights of ownership (e.g., right to withdraw securities or cash, exercise or delegate proxy voting and receive transaction confirmations) of the Account. Nelson Capital Advisors manages the Account based on the client’s investment objectives, risk tolerance and other factors specific to the institution. The firm actively monitors the Account and provides advice regarding buying, selling, reinvesting or holding securities, cash or other investments of the Account. Clients have the ability to impose reasonable restrictions on Account management, including the ability to prohibit the purchase of certain securities. Nelson Enterprises LLC Page 5 Form ADV Part 2A Firm Brochure Nelson Capital Advisors will contact all clients at least annually to discuss any changes or updates regarding a client’s investment objectives, risk tolerance and other related factors. However, clients are responsible for notifying the firm of any updates regarding objectives, risks and other factors, and whether the client wishes to impose or modify any existing investment restrictions. Nelson Capital Advisors manages investments for other clients and may provide advice to or take actions for them, or for personal accounts, that is different from the advice provided to or actions taken for the client. The firm is not obligated to buy, sell or recommend to clients any security or other investment

that it may buy, sell or recommend for any other clients or for personal accounts. Conflicts may arise in the allocation of investment opportunities among accounts that are managed by the firm. Nelson Capital Advisors strives to allocate investment opportunities believed to be appropriate for all client accounts equitably and consistent with the best interests of all accounts involved. However, there can be no assurance that a particular investment opportunity that is presented will be allocated in any particular manner. If Nelson Capital Advisors obtains material, non-public information about a security or its issuer that it may not lawfully use or disclose, the firm has absolutely no obligation to disclose the information to any client or use it for any client’s benefit. Consulting Services Nelson Capital Advisors provides one-time and limited engagement investment consulting services for institutions that are in need of the firm’s expertise. This includes, but is not limited to, services such as bond or portfolio reviews, investment policy development, regulatory-related management requests, and specialty investment consultations. The firm’s consulting services do not involve implementing any transaction(s) on the client’s behalf or the active and ongoing monitoring or management of investments or accounts. The client has the sole responsibility for determining whether to implement consulting recommendations made by the firm. To the extent that the client decides to implement any investment recommendations through Nelson Capital Advisors or retain Nelson Capital Advisors to actively monitor and manage investments, the client must execute a separate written agreement with the firm for investment management or advisory services. Limits Advice to Certain Types of Investments Nelson Capital Advisors provides investment advice on the following types of investments:
• Fixed Income Securities - Bonds
• Mutual Funds
• Exchange Traded Funds (ETFs)
• Exchange-listed Securities
• Corporate Debt Securities
• Certificates of Deposit
• Municipal Securities
• US Government Securities Nelson Enterprises LLC Page 6 Form ADV Part 2A Firm Brochure
• Securities Properly Exempted from Registration Although Nelson Capital Advisors generally provides advice only on the products previously listed, the firm reserves the right to offer advice on any investment product that may be suitable for a client’s specific circumstances, needs, goals and objectives. (Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more information.) Tailor Advisory Services to Individual Needs of Clients Nelson Capital Advisors’ advisory and consulting services are always provided based on the client’s individual needs. This means, for example, that when the firm provides asset management services, the client is given the ability to impose restrictions on the accounts being managed, including specific investment selections and sectors. Nelson Capital Advisors works with clients on a one-on-one basis through interviews, meetings and other communications to determine a client’s investment objectives and suitability information. Nelson Capital Advisors will not enter into an investment adviser relationship with a prospective client whose investment objectives may be considered incompatible with the firm’s investment philosophy or strategies or where the prospective client seeks to impose unduly restrictive investment guidelines. Client Assets Managed by Nelson Capital Advisors As of May 31. 2023, Nelson Capital Advisors managed $188,400,659 of client assets all on a non- discretionary basis.