Disclosure Statement

Stack Financial Management, Inc. (SFM) is an SEC registered investment advisor located in Whitefish, Montana. SFM and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisors by those states in which SFM maintains clients. SFM may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. SFM’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of SFM’s web site on the Internet should not be construed by any consumer and/or prospective client as SFM’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by SFM with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of SFM, please contact the SEC or the state securities regulators for those states in which SFM maintains a notice filing. A copy of SFM’s current written disclosure statement discussing SFM’s business operations, services, and fees is available from SFM upon written request. SFM does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to SFM’s web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by SFM), will be profitable or equal any historical performance level(s).

Certain portions of SFM’s web site (i.e., newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, SFM (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from SFM, or from any other investment professional. SFM is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

To the extent that any client or prospective client utilizes any economic calculator or similar interactive device contained within or linked to SFM’s web site, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from SFM, or from any other investment professional.

Each client and prospective client agrees, as a condition precedent to his/her/its access to SFM’s web site, to release and hold harmless SFM, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from SFM. 

 

Rankings & Awards Important Disclosures

Barron's - 2020 Top 100 Independent Financial Advisors and Top 1200 Advisors by State

Barron’s is a registered trademark of Dow Jones & Company, L.P.  Stack Financial Management Inc. (SFM) is not affiliated with Barron’s or Dow Jones & Company, L.P.  The “Top 100 Independent Financial Advisors” and “Top 1200 Advisors by State” rankings are based upon data provided by individual advisors and their firms, including submissions by SFM. Barron’s confirms that data via regulatory databases, crosschecks with securities firms, and conversations with individual advisors. SFM applied for consideration and the results were independently granted.

Advisors who wish to be ranked for either award designation fill out a 102-question survey about their practice. Barron’s verifies that data with the advisors’ firms and with regulatory databases and then applies its rankings formula to the data to generate the rankings. The formula Barron’s uses to rank advisors is proprietary. It has three major categories of calculations: assets managed, revenue, and quality of practice. Barron’s also measures the growth of an advisor’s practice and their client retention.  In addition, they consider a wide range of qualitative factors, including the advisors’ experience, their advanced degrees and industry designations, the size and shape of their teams, their charitable and philanthropic work, and their compliance records. Investment returns are not a component of the rankings because an advisor’s returns are dictated largely by the risk tolerance of clients. SFM is unaware of, nor has Barron’s published, the number of nominees considered for the award rankings. In 2020, James Stack of SFM was ranked 38 out of a total 100 on the “Top 100 Independent Financial Advisors” publication.  In its “Top 1200 Advisors by State” list for 2020, Barron’s recognized a total of 6 advisors from Montana, of which James Stack was ranked #1.

Barron’s does not require membership or payment in order for award participants and/or applicants to be considered for an award designation.  Moreover, neither SFM nor any other participating advisors paid a fee to be eligible for the “Top 100 Independent Financial Advisors” or the “Top 1200 Advisors by State.”  However, SFM may pay a fee in exchange for plaques, logo licensing, a web link, or article reprints commemorating the designation. SFM would pay this fee only after receiving the designation and not as a condition precedent to receiving it. The fact that SFM pays any fee with respect to its receipt of the designation should be considered if such designation is a factor in a client’s or prospective client’s evaluation of whether to initially engage or continue to engage SFM for investment advisory services. Barron’s-ranked advisors may pay Barron’s a separate fee for special advertising to publish a Barron’s-ranked advisor’s contact information including applicable phone numbers, email addresses, and website addresses. This publication option is offered on an annual basis and is limited to Barron’s-ranked advisors for that respective year. It should be noted that this type of payment creates an inherent conflict of interest because it provides the awarding entity with a monetary incentive to grant such ranking, recognition, or designation to participating advisors that submit such forms of consideration. After receiving the respective award designations, SFM did not pay a separate fee to Barron’s in exchange for publication of this information.

Barron’s does not publish, nor is SFM aware of the percentage of other advisors that received the applicable rankings. SFM is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the rankings. By virtue of disclosing these rankings, SFM is disclosing favorable ratings (to the extent that Mr. Stack is ranked above other advisors) and unfavorable ratings (to the extent that Mr. Stack is ranked below other advisors). By considering the compliance record, eligibility to appear on the rankings seeks to ensure that a participating advisor has an established and significant history and record free from regulatory sanctions. The rankings are not representative of any one client’s experience because of the way in which they are calculated. Inclusion on the above lists is absolutely not indicative of SFM’s future performance, or any future performance pertaining to its clients’ investments; should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if SFM is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of SFM by any of its clients.  Additional information regarding the above rankings for 2020 is available at the following links:

Top 100 Independent Financial Advisors

List:  https://www.barrons.com/report/top-financial-advisors/independent

Methodology:  https://www.barrons.com/articles/barrons-top-advisors-methodology-1534541819

Top 1200 Advisors by State 

List: https://www.barrons.com/report/top-financial-advisors/1000/2020

Methodology:  https://www.barrons.com/articles/barrons-top-advisors-methodology-1534541819

 

Forbes - 2020 America's Top Wealth Advisors and 2020 Best-In-State Wealth Advisors

Forbes is a registered mark of Forbes LLC.  Stack Financial Management Inc. (SFM) is not affiliated with Forbes.  Data for the Forbes “America’s Top Wealth Advisors” and “Best-In-State Wealth Advisors” is developed by SHOOK Research (SHOOK). Each advisor considered for the awards was nominated by their respective firm, then vetted and ranked by SHOOK. SFM applied for consideration, and the results were independently granted.

 

The Forbes “America’s Top Wealth Advisors” and “Best-In-State Wealth Advisors” rankings are based on algorithms of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Basic requirements for consideration include having a minimum of seven years experience (a minimum of one year at the current firm with exceptions based on acquisitions, etc.), being nominated and recommended by a firm, completion of an online survey, over 50% of revenue/production must be with individuals, and an acceptable compliance record. The algorithms weigh factors like revenue trends, assets under management, compliance records, industry experience, and use of “best practices” in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.  In developing its applicant pools, SHOOK sets thresholds to limit nominations for consideration.

 

For the 2020 “America’s Top Wealth Advisors,” Forbes and SHOOK received 32,325 nominations (based on SHOOK thresholds), invited 15,577 candidates to complete the online survey, conducted 12,456 telephone interviews, and conducted 2,646 in-person interviews at the Advisors’ location.  Forbes recognized a total of 250 wealth advisors in 2020, in which James Stack was ranked #117.

 

For the 2020 “Best-In-State Wealth Advisors,” Forbes and SHOOK received nearly 32,000 nominations (based on SHOOK thresholds), invited 7,556 candidates to complete the online survey, conducted 11,864 telephone interviews, and conducted 2,336 in-person interviews at the Advisor’s location. Forbes recognized a total of 11 advisors from Montana in 2020, of which James Stack was ranked #1.

Neither Forbes nor SHOOK receive fees or require membership in exchange for rankings. Accordingly, neither SFM nor any other participating advisors paid a fee to be eligible for the “America’s Top Wealth Advisors” and “Best-In-State Wealth Advisors.” However, SFM may pay a fee in exchange for plaques, logo licensing, a web link, or article reprints commemorating the designation. While SFM would pay this fee after receiving a designation and not as a condition precedent to receiving it, the fact that SFM pays any fee with respect to its receipt of a designation should be considered if such designation is a factor in a client’s or prospective client’s evaluation of whether to initially engage or continue to engage SFM for investment advisory services.  Based on its stated methodology, SHOOK does not name advisors if the ratings are not statistically valid; and there are no facts that would call into question the validity of the inclusion on the “America’s Top Wealth Advisors” or “Best-In-State Wealth Advisors” rankings or the appropriateness of SFM advertising the same. By considering the compliance record, eligibility to appear on the rankings seeks to ensure that a participating advisor has an established and significant history and record free from regulatory sanctions.

SFM is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the rankings. By virtue of disclosing the rankings, SFM is disclosing favorable ratings (to the extent that Mr. Stack is ranked above other advisors) and unfavorable ratings (to the extent that Mr. Stack is ranked below other advisors). The rankings are not representative of any one client’s experience because of the way in which they are calculated. Inclusion on the above lists is absolutely not indicative of SFM’s future performance, or any future performance pertaining to its clients’ investments; and should not be construed as a current or past endorsement of SFM by any of its clients.  Additional information regarding the above rankings for 2020 is available at the following links:

America’s Top Wealth Advisors

List:  https://www.forbes.com/top-wealth-advisors/#73390de1a148

Methodology:  https://www.forbes.com/sites/rjshook/2020/08/25/methodology-americas-top-wealth-advisors-2020/#7a24920267cb

Best-In-State Wealth Advisors

List:  https://www.forbes.com/best-in-state-wealth-advisors/#7ebdf20a291d

Methodology:  https://www.forbes.com/sites/rjshook/2020/01/16/forbes-best-in-state-wealth-advisors-methodology-2020/#7542b37ffedc