A. Firm Information
Global Kandor Advisors LLC (“Global Kandor” or the “Advisor”) is a registered investment advisor with the U.S.
Securities and Exchange Commission (“SEC”). Global Kandor was is organized as a Limited Liability Company
(“LLC”) under the laws of the State of Florida in June 2020. Global Kandor is an owned subsidiary of Global
Kandor Holdings, LLC. The Principal Officer of Global Kandor is Guillermo E. Vernet (Chief Executive Officer and
Chief Compliance Officer).
This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory
services provided by Global Kandor. For information regarding this Disclosure Brochure, please contact
Guillermo E. Vernet (Chief Compliance Officer) at (786) 558-0391 or via email to
Guillermo.Vernet@kandorglobal.com.
B. Advisory Services Offered
Global Kandor offers wealth management services to individuals, high net worth individuals, trusts, estates,
charitable organizations, businesses and retirement plans (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness, and good faith towards each Client and seeks to mitigate potential
conflicts of interest. Global Kandor’s fiduciary commitment is further described in the Advisor’s Code of Ethics.
For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest
in Client Transactions and Personal Trading.
Wealth Management Services
Global Kandor provides customized wealth management solutions for its Clients. This is achieved through
continuous personal Client contact and interaction while providing discretionary or non-discretionary investment
management and related financial planning services. Global Kandor works closely with each Client to identify
their investment goals and objectives as well as risk tolerance and financial situation in order to design a portfolio
strategy. Global Kandor will then construct an investment portfolio, consisting of exchange-traded funds (“ETFs”)
and/or mutual funds to achieve the Client’s investment goals. The Advisor may also utilize individual stocks,
individual bonds, private/alternative investments and/or other types of investments, as appropriate, to meet the
needs of its Clients. The Advisor may retain certain legacy investments based on portfolio fit and/or tax
considerations.
Global Kandor’s investment approach is primarily long-term focused, but the Advisor may buy, sell or re-allocate
positions that have been held for less than one year to meet the objectives of the Client or due to market
conditions. Global Kandor will construct, implement, and monitor the portfolio to ensure it meets the goals,
objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to
place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to
acceptance by the Advisor.
Global Kandor evaluates and selects investments for inclusion in Client portfolios only after applying its internal
due diligence process. Global Kandor may recommend, on occasion, redistributing investment allocations to
diversify the portfolio. Global Kandor may recommend specific positions to increase sector or asset class
weightings. The Advisor may recommend employing cash positions as a possible hedge against the market
movement. Global Kandor may recommend selling positions for reasons that include, but are not limited to,
harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities,
overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of the Client, generating
cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance.
At no time will Global Kandor accept or maintain custody of a Client’s funds or securities, except for the limited
authority as outlined in Item 15 – Custody. All Client assets will be managed within the designated account[s] at
the Custodian, pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices.
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Financial Planning Services – Global Kandor will typically provide a variety of financial planning and consulting
services to Clients. Financial planning services are typically included in an overall wealth management
engagement. Services
are offered in several areas of a Client’s financial situation, depending on their goals and
objectives. Generally, such financial planning services involve preparing a formal financial plan or rendering a
specific financial consultation based on the Client’s financial goals, and objectives. This planning or consulting
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 or financial consultation rendered to 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.
Global Kandor may also refer Clients to an accountant, attorney, or other specialists, as appropriate for their
unique situation. Global Kandor doesn’t receive compensation for such referrals. For certain financial planning
engagements, the Advisor will provide a written summary of the Client’s financial situation, observations, and
recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a written summary.
Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the
interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor
for investment management services or to increase the level of investment assets with the Advisor, as it would
increase the advisory fees paid to the Advisor. Clients are not obligated to implement any recommendations
made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the
recommendations made by the Advisor, the Client is under no obligation to implement the transaction through
the Advisor.
Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over
the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based
account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a
new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll
over a retirement account to an account managed by the Advisor.
C. Client Account Management
Prior to engaging Global Kandor to provide wealth management services, each Client is required to enter into
one or more agreements with the Advisor that define the terms, conditions, authority, and responsibilities of the
Advisor and the Client. These services may include:
• Establishing an Investment Strategy – Global Kandor, in connection with the Client, will develop a
strategy that seeks to achieve the Client’s goals and objectives.
• Asset Allocation – Global Kandor will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation, and tolerance for risk for each Client.
• Portfolio Construction – Global Kandor will develop a portfolio for the Client that is intended to meet the
stated goals and objectives of the Client.
• Investment Management and Supervision – Global Kandor will provide investment management and
ongoing oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Global Kandor does not manage a wrap fee program.
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E. Assets Under Management
As of December 31, 2023, Global Kandor manages $379,310,509 in Client assets, $21,878,569 of which are
managed on a discretionary basis and $357,431,940 on a non-discretionary basis. Clients may request more
current information at any time by contacting the Advisor.