High Speed LLC,
(doing business as High Speed Alliance)
SEC Form ADV Part 2A
Firm Brochure (“Brochure”)
2301 Woodcliff Rd SE
Huntsville, AL 35801
March 20, 2019
This Disclosure Brochure provides information about the qualifications and business practices of High Speed LLC, dba High Speed Alliance (“HSA”). If you have any questions about the contents of this Disclosure Brochure, please contact us at 256 642 1230 or firstname.lastname@example.org. The information in this Disclosure Brochure has not been approved of verified by the United States Securities and Exchange Commission or by any state securities authority.
HSA is a registered investment adviser with the Alabama Securities Commission. HSA’s registration as an investment adviser does not imply any level of skill or training. The oral and written communications provided to you, including this Disclosure Brochure, may be used to evaluate HSA and to determine whether to engage HSA.
Additional information about HSA also is available on the SEC’s website at www.adviserinfo.sec.
Form ADV 2 is divided into two parts: Part 2A (the “Disclosure Brochure”) and Part 2B (the “Brochure Supplement”). The Disclosure Brochure provides information about a variety of topics relating to an advisor’s business practices and conflicts of interest. The Brochure Supplement provides information about Advisory Persons of HSA which is a separate document to this Disclosure Brochure.
HSA believes that communication and transparency are the foundation of its relationship with clients and will continually strive to provide its clients with complete and accurate information at all times. HSA encourages all current and prospective clients to read this Disclosure Brochure and discuss any questions you may have with us. And of course, we always welcome your feedback.
The following material changes to this Disclosure Brochure since the last filing and distribution to clients:
- The Advisor may refer clients to other investment advisors. Please see Item 14.
- The Advisor offers stand-alone financial planning services. Please see Item 4 and 5.
From time to time, we may amend this Disclosure Brochure to reflect changes in our business practices, changes in regulations and routine annual updates as required by the securities regulators. This complete Disclosure Brochure or a Summary of Material Changes shall be provided to each client annually and if a material change occurs.
At any time, you may view the current Disclosure Brochure on-line at the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with our firm name or our CRD# 291399. You may also request a copy of this Disclosure Brochure at any time, by contacting us at (256) 642-1230.
Item 1 – Cover Page 1
Item 2 – Material Changes 2
Item 3 – Table of Contents 3
Item 4 – Advisory Business 4
Item 5 – Fees and Compensation 7
Item 6 – Performance-Based Fees and Side-By-Side Management 8
Item 7 – Types of clients 9
Item 8 – Methods of Analysis, Investment Strategies, and Risk of Loss 9
Item 9 – Disciplinary Information 11
Item 11 – Code of Ethics, Participation or Interest in client Transactions and Personal Trading 11
Item 12 – Brokerage Practices 12
Item 13 – Review of Accounts 12
Item 14 – client Referrals and Other Compensations 12
Item 15 – Custody 12
Item 16 – Investment Discretion 12
Item 17 – Voting client Securities 13
Item 18 – Financial Information 13
Item 19 – Requirements of State-Registered Advisers 13
Firm Description and Types of Advisory Services
High Speed, LLC (“HSA”) is a registered investment adviser located in the State of Alabama. HSA provides business consulting, life coaching and investment advisory services to individuals, including high net worth individuals, and businesses. HSA was founded in June 2017.
Carol D. Bryant is HSA’s sole member and manager. Dr. W. Forrest Bryant is HSA’s Chief Executive Officer, Chief Compliance Officer, and investment adviser representative (collectively the “Principal Officers”).
HSA provides business consulting, life coaching and investment advisory services to clients that become members of HSA. Individuals and businesses become members upon execution of, and acceptance by HSA, of HSA’s client agreement, and the payment of an annual membership fee (see “Fees and Compensation”).
HSA offers two types of membership for individuals: (1) Full Membership and (2) Junior Membership.
The Full Membership is offered to clients who are accredited investors. An accredited investor, in the context of a natural person, includes anyone who (i) earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year; or (ii) has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence) (“Full Members”).
HSA’s Full Members are entitled to the following annual services:
- One (1) half day in-person initial consultation with Dr. Forrest Bryant;
- A customized comprehensive financial plan and access to eMoney Advisor platform set up;
- Access to monthly group coaching calls, in which Members discuss various topics of interest, individual progress in achieving financial and business goals, and market updates (“Coaching Calls”);
- Admission to quarterly educational seminars addressing various financial planning topics, including alternative investments, real estate investments, self-directed investment accounts, marketing, business strategies, time management, philanthropy, and global economic influences (“Quarterly Seminars”);
- Access to Members Only podcasts, which address a broad range of financial, business, wellness and related topics (“Member Podcasts”) and online webinars and training on topics such as private lending, investing in single family homes and other alternative investments (“Online Webinars”); and
- Networking opportunities with other Members
The Junior Membership is offered to clients who do not meet the accredited investor definition above (“Junior Members”). HSA’s Junior Members are entitled to the following annual services:
- One (1) initial telephone consultation with Dr. Forrest Bryant;
- A customized comprehensive financial plan and access to eMoney Advisor platform set up;
- Access to monthly Coaching Calls;
- Admission to Quarterly Seminars;
- Access to Members Podcasts and Online Webinars; and
- Networking opportunities with other Members.
Business Consulting, Life Coaching and Investment Advisory Services
HSA works with its clients to develop business, life, and investment plans. These plans may address one or more of the following areas of a client’s business or personal financial circumstances:
- Goal Determination: HSA assists in developing formal business plans designed to achieve a client’s financial and business goals. This is typically the first step in evaluating a client’s business operations.
- Short Term Tactical Planning: HSA works with clients to develop and establish methods to improve the client’s existing market share, increase efficiency by addressing time management and physical presence requirements necessary to operate the client’s business, to increase operating revenues, and decrease operating expenses.
- Long Term Strategic Planning: HSA works with clients to implement and manage strategies to increase profitability, minimize physical presence requirements, and increase cash flow on a long-term basis, including development of strategies for the sale or other disposition of a client’s ownership interest in a business.
- Retirement Planning: Perform an initial analysis of a client’s assets and liabilities to assist in developing a retirement plan. Although HSA may discuss investment opportunities in connection with retirement planning, HSA does not make recommendations to clients to buy or sell particular securities or other investments.
- Personal Cash Flow: Utilize budgeting and cash flow projections to help clients determine the appropriate amount of income to save each year to achieve short- and long-term goals.
- Insurance Review and Risk Mitigation: Review potential insurable risks and offer recommendations to clients on various risk mitigation techniques, including insurance coverage. HSA does not sell insurance products but may review the following policies and risks with clients: personal property and liability insurance, professional liability or errors and omissions insurance, life insurance, disability insurance, and long term care insurance.
- Education Planning: Assist clients in developing an education funding strategy for children or grandchildren.
- Estate Planning: Review client’s current estate plan, which may include whether clients have a will, powers of attorney, trusts and related documents. Upon request, HSA will participate in meetings or telephone calls between clients and their attorneys or tax professionals. HSA does not offer tax or legal advisory services. Clients should engage qualified professionals for these services.
- Charitable Gifting and Philanthropy: Assist clients with developing a philanthropic legacy plan and educate clients on the tools and resources available to direct and allocate gifts that align with the client’s goals.
Investment Advisory Services
In connection with the business consulting and life coaching services offered by HSA, HSA may also offer clients the following services:
- Investment Planning: Based on a client’s objectives, risk tolerance, time horizon and other factors, HSA may help clients develop asset allocation strategies. These strategies may include considerations of general types of investment products that may be appropriate for a client’s financial situation and objectives, but HSA does not recommend the purchase or sale of any particular security or investment.
- Tax Planning: HSA will review client tax returns and work with a client’s accountant to make client-directed investment choices that minimize current and future income taxes. Upon request, HSA will participate in meetings or telephone calls between clients and their tax professionals. HSA does not offer tax advisory services. Clients should engage qualified tax professionals for these services.
- Alternative Investments: For clients who are qualified or accredited investors, provide advice regarding available alternative investments, including private placements, personal loans, rental real estate, hedge funds, and limited partnerships. HSA does not recommend the purchase or sale of any specific alternative investment.
Financial Planning Services
HSA will typically provide a variety of financial planning services to clients, pursuant to a written financial planning agreement. Services are offered in several areas of a client’s financial situation, depending on their goals, objectives and financial situation.
Generally, such financial planning services involve preparing a formal financial plan based on the client’s financial goals and objectives. This planning may encompass one or more areas of need, including but not limited to, investment planning, retirement planning, personal savings, education savings, insurance needs and other areas of a client’s financial situation.
A financial plan developed for the client will usually include general recommendations for a course of activity or specific actions to be taken by the client. For example, recommendations may be made that the client start or revise their investment programs, commence or alter retirement savings, establish education savings and/or charitable giving programs.
HSA may also refer clients to an accountant, attorney or other specialists, as appropriate for their unique situation. For certain financial planning engagements, HSA will provide a written summary of the client’s financial situation, observations, and recommendations. Plans are typically completed within six (6) months of contract date, assuming all information and documents requested are provided promptly.
Individual Needs of Clients
HSA tailors business consulting, life coaching and investment advisory services to the individual needs of its clients. The goals and objectives of each client are documented during an initial meeting with the client. HSA will periodically monitor the client’s performance and provide advice regarding business or investment plans consistent with the client’s objectives. However, because HSA offers its services solely on a non-discretionary basis, HSA will implement only those changes to business or investment plans authorized by the client.
Upon request, HSA may recommend that clients engage the services of attorneys, accountants, insurance agents, or other professionals. HSA does not receive referral fees or any other compensation for making such recommendations, and clients are under no obligation to engage the services of any such professional.
Wrap Fee Programs
HSA does not offer or participate in wrap fee programs or charge any kind of wrap fee.
Assets Under Management:
HSA does not manage or hold client assets.
As discussed above (see “Advisory Business”), HSA’s regular compensation takes the form of annual membership fees.
HSA is compensated by its clients based on the following fee schedule:
Type of Membership Annual Fee
Full Member $30,000
Junior Member $15,000
Membership fees may be paid in full upon execution of the membership agreement or in advance in equal monthly installments. Any departure from this fee schedule must be agreed upon in writing by HSA and the client.
A client may terminate a membership agreement within five business days after the effective date of the agreement and receive a full refund of any prepaid fees. Upon termination of a membership agreement in accordance with its terms, HSA will prorate the annual membership fee and any unused, prepaid portion of the fee will be refunded to the client. The client’s membership agreement with HSA is non-transferable without the client’s prior consent.
Financial Planning Services
HSA offers financial planning services for a fixed engagement fee ranging up to $5,000. Fees may be negotiable based on the nature and complexity of the services to be provided and the overall relationship with HSA. An estimate for total costs will be determined prior to establishing the advisory relationship. Financial planning fees may be invoiced up to fifty percent (50%) of the expected total fee upon execution of the financial planning agreement. The balance shall be invoiced upon completion of the agreed upon deliverable[s].
HSA may require an advance deposit as described above. Either party may terminate the financial planning agreement by providing advance written notice to the other party. The client may also terminate the financial planning agreement within five (5) business days of signing HSA’s agreement at no cost to the client. After the five-day period, the client will incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and payable by the client. Upon termination, the client shall be billed for the percentage of the engagement scope completed by HSA. HSA will refund any unearned, prepaid planning fees from the effective date of termination. The client’s financial planning agreement with the Advisor is non-transferable without the client’s prior consent.
General Information on Compensation
Clients may incur fees or charges, including but not limited to, brokerage commissions, transaction fees, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, or wire transfer or electronic fund transfer fees, in connection with their investment activities. Any such fees or charges are exclusive of and in addition to HSA membership fee and HSA receives no portion of any such fees or charges, and receives no compensation with respect to the purchase or sale of any securities or investment products.
HSA does not charge performance-based or side-by-side management fees. Our annual membership fee is charged only as discussed above (see “Fees and Compensation”)
HSA provides services to individuals, including high net worth individuals, and businesses. HSA does not require clients to satisfy any minimum income, asset, or net worth threshold.
Methods of Analysis
HSA’s believes that investment portfolios should be diversified to control risk and enhance opportunities for performance. HSA marries traditional financial planning with alternative investments.
If engaged to provide investment advice, HSA will first consider and evaluate the client’s current financial situation, needs, goals, objectives and risk tolerance. As discussed above (see “Advisory Business”), HSA provides advice to assist in meeting clients’ overall financial objectives while minimizing risk.
Additionally, HSA employs a fundamental analysis method in developing investment strategies for its clients. Research and analysis from HSA is derived from numerous sources, including financial media companies, third-party research materials, Internet sources, and review of company activities, including annual reports, prospectuses, various computerized asset models, press releases and research prepared by others.
Fundamental analysis utilizes economic and business indicators as investment selection criteria. This criteria consists generally of ratios and trends that may indicate the overall strength and financial viability of the entity being analyzed. Assets are deemed suitable if they meet certain criteria to indicate that they are a strong investment with a value discounted by the market. While this type of analysis helps HSA in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in the fundamental analysis may lose value and may have negative investment performance. HSA monitors these economic indicators to determine if adjustments to strategic allocations are appropriate. More details on HSA’s review process are included below (see “Review of Accounts”).
The investment strategy for a specific client is based on the objectives stated by the client during initial and ongoing consultations, as well on the client’s income needs, risk tolerance and income tax situation. Based on this client-provided information, HSA provides advice concerning possible investments designed to minimize risk and seek tax-efficient returns. HSA may recommend that clients consider alternative investments, including rental real estate, private placements, and private lending.
Investing in securities involves certain investment risks. Securities may fluctuate in value or lose value. clients should be prepared to bear the potential risk of loss. HSA will assist clients in determining an appropriate strategy based on their tolerance for risk and other factors noted above. However, there is no guarantee that a client will meet their investment goals.
While the methods of analysis help HSA in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in these methods of analysis may lose value and may have negative investment performance. HSA monitors these economic indicators to determine if adjustments to strategic allocations are appropriate. More details on HSA’s review process are included below (see “Review of Accounts”).
HSA will work with each client to determine their tolerance for risk as part of its investment advisory services. Following are some of the risks associated with the investments recommended to clients:
The value of a client’s holdings may fluctuate in response to events specific to companies or markets, as well as economic, political, or social events in the U.S. and abroad. This risk is linked to the performance of the overall financial markets.
The performance of ETFs is subject to market risk, including the possible loss of principal. The price of the ETFs will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs has a large bid-ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short time later.
Mutual Fund Risks
The performance of mutual funds is subject to market risk, including the possible loss of principal. The price of the mutual funds will fluctuate with the value of the underlying securities that make up the funds. The price of a mutual fund is typically set daily therefore a mutual fund purchased at one point in the day will typically have the same price as a mutual fund purchased later that same day.
Alternative Investments (Limited Partnerships)
The performance of alternative investments (limited partnerships) can be volatile and may have limited liquidity. An investor could lose all or a portion of their investment. Such investments often have concentrated positions and investments that may carry higher risks. Clients should only have a portion of their assets in these investments.
Real Estate Investment Trusts (“REITs”)
Investing in Real Estate Investment Trusts (“REITs”) involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e., as interest rates rise, the value of the REIT may decline).
Advisors are required to disclose in their disclosure brochures all material facts regarding any legal or disciplinary events that would be material to a client’s evaluation of the advisory firm or the integrity of its management. HSA has no such material events to disclose.
Item 10 – Other Financial Industry Activities and Affiliations
Financial Industry Activities and Affiliations
HSA is not registered as a broker-dealer, and none of its management persons are registered representatives of a broker-dealer.
Neither HSA nor any of its management persons is registered as (or associated with) a futures commission merchant, commodity pool operator, or a commodity trading advisor.
HSA does not have any affiliations with other entities that may create a material conflict of interest.
HSA has adopted a Code of Ethics establishing policies and procedures to handle potential conflicts of interest that may arise from providing advisory services to its clients. HSA’s Code of Ethics recognizes that HSA is a fiduciary and is designed so that HSA meets its fiduciary obligation to its clients by setting forth standards of conduct for its officers and employees.
Among other things, HSA’s Code of Ethics requires that HSA maintain the confidentiality of client information; prohibits insider trading; prohibits acceptance of gifts or entertainment that exceed our policy standards; requires the reporting of gifts and entertainment by certain of HSA’s employees; and requires that certain employees report all of their personal securities transactions.
HSA’s Code of Ethics is designed to assure that the personal securities transactions, activities and interests of HSA’s employees will not interfere with HSA’s obligation to act in the best interests of clients. At times, HSA or related persons may purchase or sell for their personal accounts securities identical to those purchased or sold by clients. Transactions by or for the account of HSA or related persons require pre-approval by HSA’s Chief Compliance Officer, who will determine the existence of any actual or potential conflict with the interests of clients and, based on such determination, will either approve or deny the request to engage in such transactions.
To receive a copy of HSA’s Code of Ethics, clients may contact HSA at (256) 642-1230.
Advisors are required to disclose in their disclosure brochure the factors that the advisory firm considers in selecting or recommending broker-dealers for client transactions and to determine the reasonableness of such broker-dealers compensation. HSA is not associated with any broker-dealer firm and does not recommend, request, or otherwise require that clients engage the services of any particular broker-dealer. In addition, HSA does not receive any form of non-cash (“soft dollar”) benefits, such as research or materials, from any broker-dealer.
Upon request, HSA will monitor or review a client’s accounts or financial plans. While recommended, any review of accounts or financial plans are the responsibility of and must be initiated by the client.
HSA does not provide formal ongoing performance reporting to its clients. Clients receive account statements directly from their account custodians, broker-dealers, or mutual fund companies, as applicable.
Referrals to Other Investment Advisors
HSA may refer clients to other investment advisors. In such arrangements, HSA has a potential conflict of interest in that HSA will receive a portion of the other investment advisor’s fee collected from the client for the referral of the client and the ongoing relationship management support provided by HSA. HSA will provide each solicited client with a solicitor disclosure and the other investment advisor’s Form ADV Part 2A Disclosure Brochure. Clients are under no obligation to engage the services of other investment advisors.
HSA does not engage any Solicitors for client referrals.
HSA does not maintain custody of any client funds, securities, or other assets.
HSA does not exercise investment discretion with respect to any client’s accounts, funds, securities, or other assets.
HSA does not accept the authority to and does not vote client securities. Clients retain the authority and responsibility to vote, or refrain from voting, any proxy voting matter or to respond, or refrain from responding, to any request for action with respect to securities. clients should instruct their qualified custodian to forward to client copies of all proxies and shareholder communications. HSA will assist in answering questions relating to proxies, however, the client retains the sole responsibility for proxy decisions and voting
HSA does not have discretionary authority, possession, or custody of client funds or securities. However, because HSA provides clients with the option to pay the annual membership fee in advance upon execution of the membership agreement (see “Fees and Compensation”), HSA may solicit prepayment of more than $500 in annual membership fees per client more than six months in advance. Accordingly, HSA’s balance sheet for its most recent fiscal year is attached to this Disclosure Brochure.
HSA does not have any financial impairment that will preclude HSA from meeting its contractual and fiduciary commitments to clients. HSA has not been the subject of a bankruptcy proceeding at any time, including any time during the past ten years.
Educational Background and Business Experience of Principal Officers
William Forrest Bryant DMD
Auburn University, Bachelor of Science, Zoology (1993)
University of Alabama School of Dentistry, DMD (1997)
High Speed, LLC, Chief Executive Officer and Chief Compliance Officer, June 2017 – Present
- Forrest Bryant DMD, PC, President and Chief Executive Officer, 1997 – 2016
Northwestern Mutual Investment Services, LLC and Northwestern Mutual Life Insurance Company, Financial Representative, 2015 – 2017
Carol D. Bryant
Samford University, Attended from 1991-1994
High Speed, LLC, Sole Member and Manager, June 2017 – Present
- Forrest Bryant DMD, PC, Vice President, 1997 – 2016
Other Non-Advisory Business Activities:
In addition to the services and activities described in this Disclosure Brochure, representatives of HSA may on occasion teach financial planning seminars. HSA may charge for such seminars on a negotiated fee basis. These seminars are in addition to and separate from the Quarterly Seminars provided by HSA.
In addition, from time to time, HSA may publish and/or sell books addressing various investment-related topics.
HSA does not charge performance-based fees for its investment advisory services. The fees charged by HSA (see “Fees and Compensation”) and are not based upon the capital appreciation of the funds or securities held by any client.
Neither HSA nor any of its management persons have been found liable with respect to any arbitration claim or any civil, self-regulatory organization, or administrative proceeding.
There are no legal, civil or disciplinary events to disclose regarding HSA or the Principal Officers of HSA. Neither HSA nor the Principal Officers of HSA have ever been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against HSA or the Principal Officers of HSA.
Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding HSA or the Principal Officers of HSA.
Material Relationships with Issuers of Securities
Neither HSA nor the Principal Officers of HSA have any relationships or arrangements with issuers of securities.
 The primary purpose of the comprehensive financial plan (i.e., the investment portion) is to (i) create, within a client-determined period of time, a variety of sources of passive income for clients to generate cash flow sufficient to enable a client either to reduce active working hours or to retire; and (ii) to establish a client-determined philanthropic strategy to assist in determining the amounts and types of assets to gift or bequeath to charitable organizations, heirs, or other entities or individuals, as well as the timing of asset transfers.
Part 2B of Form ADV: Brochure Supplement
High Speed LLC
(doing business as High Speed Alliance)
2301 Woodcliff Road SE
Huntsville, Alabama 35801
March 20, 2019
This Brochure Supplement provides information about Dr. W. Forrest Bryant that supplements the High Speed LLC Brochure. You should have received a copy of that Brochure. Please contact Dr. Bryant at 256-642-1230 if you did not receive High Speed LLC’s Brochure or if you have any questions about the contents of this supplement.
Additional information about Dr. Bryant is available on the SEC’s website at www.adviserinfo.sec.gov.
WILLIAM FORREST BRYANT, DMD, FAGD
Item 2- Educational Background and Business Experience
Year of Birth: 1972
▪ Auburn University, Bachelor of Science, Zoology; 1993
▪ University of Alabama School of Dentistry, DMD; 1997
▪ Fellow in the Academy of General Dentistry (FAGD); 2004
Fellow in the Academy of General Dentistry
To become a Fellow in the Academy of General Dentistry (AGD), dentists are required to: (i) maintain current AGD membership for three continuous years by Dec. 31 of the year in which the application is received, to begin no earlier than the month of dental school graduation; (ii) have a dental license that has not been suspended or revoked within the past five years and is not currently under probation, suspension or revocation; (iii) pass the AGD Fellowship Exam; and (iv) complete 500 hours of approved continuing education.
▪ High Speed LLC; Chief Executive Officer and Chief Compliance Officer; from June 2017 to present
▪ W. Forrest Bryant DMD PC; President and Chief Executive Officer; from 1997 to 2016
▪ Northwestern Mutual Investment Services, LLC and Northwestern Mutual Life Insurance Company; Financial Representative; from 2015 to 2017
Item 3 – Disciplinary Information
Registered investment advisers are required to disclose in their Disclosure Brochures all material facts regarding any legal or disciplinary events that would be material to a client’s evaluation of the advisory representative. Dr. Bryant has no such material events to disclose.
Item 4 – Other Business Activities
In addition to his duties as an investment adviser representative, Chief Executive Officer and Chief Compliance Officer of High Speed LLC, Dr. Bryant occasionally teaches financial planning seminars and writes books addressing various investment-related topics. Any fees earned from conducting financial planning seminars or book sales are paid directly to High Speed LLC. Dr. Bryant also engages in investment-related activities that he may recommend to clients. Dr. Bryant fully discloses such investment-related activities to clients and does not receive any compensation as a result of a client’s decision to implement any such recommendation.
Other than as described above, Dr. Bryant is not engaged, actively or otherwise, in any investment-related or business or occupation outside of his activities and responsibilities at High Speed LLC that provide a substantial source of his income or involve a substantial amount of his time.
Item 5 – Additional Compensation
Other than compensation received from High Speed LLC for services rendered in his capacity as an investment adviser representative, Chief Executive Officer and Chief Compliance Officer, Dr. Forrest Bryant does not receive any compensation or other economic benefit from any source other than clients of High Speed LLC for the provision of advisory services.
Item 6 – Supervision
Dr. Bryant is the Chief Executive Officer and Chief Compliance Officer of High Speed LLC, and is the firm’s sole investment adviser representative. Dr. Bryant is solely responsible for supervision of the services and advice provided to clients and is responsible for ensuring compliance with the firm’s policies and procedures. Dr. Bryant may be reached at (256) 642-1230.
Item 7 – Requirements for State-Registered Advisers
Registered investment advisers are required to disclose in their Disclosure Brochures all material facts regarding certain legal, disciplinary and financial events (including whether the advisory representative has been the subject of a bankruptcy petition) that would be material to a client’s evaluation of the advisory representative. Dr. Bryant has no such material events to disclose.