CRD No. 134510
2150 Post Road, Suite 301
Fairfield, CT 06824
203-418-9000
This Brochure Supplement provides information about Philip Pike that supplements the Herbert J. Sims Capital Management, Inc. Firm Brochure. You should have received a copy of that Brochure. Please contact our Chief Compliance Officer at (800) 527-6425 if you did not receive Herbert J. Sims Capital Management’s Brochure or if you have any questions about the contents of this supplement.
Additional information about Philip Pike is available on the SEC’s website at www.adviserinfo.sec.gov.
Year of Birth: 1967
Formal education after high school: B.S. in Biochemistry and Economics from Boston College
Business background: Financial Services since 1986 at firms including: Bank of Boston, GMAC Mortgage/ General Motors, Leader Mortgage, Wells Fargo & Co., Merrill Lynch/ Bank of America, Stoever Glass & Co., and HJ Sims. Philip Pike has taken an additional exam to become a Chartered Retirement Planning Counselor (CRPC®)
Professional Designation: Chartered Retirement Planning Counselor (CRPC®)
No information or events have occurred that are applicable to this Item. Registered investment advisors are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of each supervised person providing investment advice.
Philip Pike is a registered representative and employee with Herbert J. Sims & Co., Inc. (HJS), which is a securities broker-dealer registered with Financial Industry Regulatory Authority (FINRA) and an introducing broker/dealer, registered with the National Futures Association (NFA). In his capacity as a registered representative Philip Pike may recommend securities products and advisory services for compensation. This could present a conflict of interest to the extent Philip Pike could receive fees and/or commissions and other forms of compensation that may vary from product to product (including 12b-1 trails from mutual fund products) if the client chooses to implement recommendations made while acting in his capacity as a registered representative of HJS.
The details of HJSCMs’ advisory accounts and services are fully disclosed in HJSCM’s Form ADV. Philip Pike spends approximately 50% of his time on such duties. Therefore, the primary business of Philip Pike is providing advisory services through HJSCM. The client is under no obligation to purchase products or services Philip Pike recommends through HJS, nor are you obligated to purchase them through him.
Philip Pike as a registered representative may have incentive to recommend certain products rather than others, based on compensation received. This potential conflict of interest is addressed by HJS through communications of disclosure to clients and supervision and training of advisory representatives.
Philip Pike is a licensed insurance agent authorized to sell insurance products of various insurance companies. This could present a potential conflict of interest as he could receive commissions for selling these products. The client is under no obligation to purchase products Philip Pike may recommend, nor are you obligated to purchase those products through him. Approximately 5% of his time is spent on insurance products.
Philip Pike is subject to policies that prohibit the acceptance of gifts and entertainment that may influence the nature of the investment advice provided to clients. Consistent with these policies, Philip Pike is permitted to receive gifts of up to $100.
Additionally, Philip Pike is subject to disclosing if they receive bonuses based on the number or amount of sales, client referrals or new accounts. Currently no such bonuses occur based on such activities or events.
Philip Pike conduct and activities with the public are supervised by a designated supervisory manager of HJS at or through the local branch office location, regional office and/or the Home Office. This supervision takes place through personal observation, electronic monitoring and the review of written materials and/or other appropriate practices. Additionally, ongoing advisory account reviews occur with each client, monthly, quarterly, or at least annually.
Supervisor’s Name and Title: Jonathan Jarow, Private Wealth Management Group Co-Head, Managing Director
Supervisor’s Telephone Number: 561-620-2153
In addition to the information and events listed above, additional disclosure is required by state securities authorities.
Philip Pike has not been found liable or involved in an arbitration claim or a civil, self-regulatory, or administrative proceeding involving any of the following: investments or investment advisory related; fraud, false statement or omission; theft, embezzlement or other wrongful taking of property; bribery, forgery, counterfeiting, or extortion; or dishonest, unfair, or unethical practices.
Philip Pike has not been found liable in a civil, self-regulatory organization, or administrative proceeding involving any of the following: an investment or an investment-related business or activity; fraud, false statement(s), or omissions; theft, embezzlement, or other wrongful taking of property; bribery, forgery, counterfeiting, or extortion; or dishonest, unfair, or unethical practices. Additionally, Philip Pike has not been the subject of a bankruptcy petition.
Herbert J. Sims Capital Management, Inc.
Form ADV Part 2B- Brochure Supplement