Flaharty Asset Management, LLC (the “Firm” or “Advisor”) is a limited liability corporation formed under
Florida law and is registered as an investment advisor. The Firm was established in June 2013 by Shon
Flaharty, the Firm’s CEO. The Advisor is wholly owned by Flaharty & Associates, LLC. Shon Flaharty is Flaharty
& Associates, LLC’s controlling owner and Manager. John “Hunter” Orr is a minority owner of Flaharty &
Associates, LLC.
Shon Flaharty has been an investment professional for over twenty years. He has been a registered
representative and investment advisor representative with LPL Financial LLC since 2007. Mr. Flaharty was
registered with Bank of America Investment Services, Inc. from 2004 to 2007 and Merrill Lynch Pierce, Fenner
& Smith Incorporated from 1995 to 2004. Mr. Flaharty received his Bachelor of Business Administration from
the University of Miami in 1987. Mr. Flaharty was born in 1963.
Hunter Orr has been Chief Investment Officer and an investment advisor representative of Flaharty Asset
Management, LLC since September 2013 and a minority owner of Flaharty & Associates, LLC since January
2014. He has been a registered representative with LPL Financial LLC since January 2016. He was Chief
Investment Officer of Flaharty & Associates, LLC from 2010 to 2013 and Director of Research of Alpha Street
Research from 2010 to 2015. He was Managing Partner of MGTB Capital from 2009 to 2013 and an employee
of Raymond James in 2009 and a real estate inspector from 2000 to 2009. Mr. Orr received his bachelor’s
degree in Economics from the University of South Florida in 2006 and his Masters in Finance from the
University of Tampa in 2009. Mr. Orr was born in 1980.
The Advisor provides customized investment programs to address clients’ specific issues, within their specific
time horizon and considering their personal tolerance for risk. Once a client adopts this personalized
investment strategy as their own, the Advisor provides the discipline. This process is a continuous cycle with
the Advisor that, through regular reviews, adapts to the changes in the client’s life.
The Advisor’s advisory services include portfolio management, financial planning, and consulting services. This
Brochure provides information about the Advisor and its advisory services. The Advisor provides information
in a separate disclosure brochure for its services offered through the Flaharty Investment Management
Program. Through the Flaharty Investment Management Program, the Advisor provides customized
Investment advice and management to the client. Under the Flaharty Investment Management Program, the
Advisor exercises discretion over the client’s account and the corresponding broker-dealer custodian’s
execution and transaction charges are included in the advisory fee the Advisor charges for its services. If clients
would like more information on this program, clients should contact their investment adviser representative
(“IAR”) for a copy of the Advisor’s ADV Part 2A Appendix 1 (“Wrap Brochure”) that describes the program or
go to
www.adviserinfo.sec.gov.
The Advisor provides advisory services for the following types of investments: equity securities, warrants,
options, debt securities, REITS, mutual funds, closed end funds, exchange traded funds, unit investment trusts,
private placements, limited partnerships, structured products, alternative investments, annuities and life
insurance contracts.
As of December 31, 2023, the Advisor had $748,570,978 of regulatory assets under management managed on a
discretionary basis, $12,589,814 managed on a non-discretionary basis, and $73,076,357 of assets under
advisement.
Retirement Plan Consulting and Portfolio Management
For consulting services associated with retirement plans, the Advisor’s recommendations will be limited to the
investment options available within the client’s retirement plan and other securities that may be available in
brokerage windows or other similar plan arrangements that enable participants to select investments beyond
those designated by the client’s retirement plan (e.g. mutual funds, exchange traded funds, collective
investment trusts, pooled separate accounts, allocations among annuity sub-accounts, publicly traded
employer stock (“company stock”)). The Advisor does not provide any advice
or recommendations regarding
any participant loans from a client’s retirement plan assets.
The client retains the sole responsibility for determining whether to implement any recommendations made
by the Advisor and for placing any resulting transactions. The Advisor does not provide ongoing consulting
services, and does not have discretionary authority with respect to the client’s assets.
A client is under no obligation to act upon the Advisor’s recommendation. If a client elects to act on any of the
Advisor’s recommendations, the client is under no obligation to effect the transaction through the Advisor.
If engaged to provide ongoing monitoring, the Advisor provides ongoing investment advice and management
of a customized client portfolio on a discretionary and non-discretionary basis according to the client’s
investment objective and financial situation. The Advisor’s advice is tailored to the individual needs of the
client. A client may impose restrictions on investing in certain securities or groups of securities by indicating in
the Investment Advisory Agreement. The Advisor will conduct regular portfolio, investment, and planning
reviews to help ensure a client’s financial objectives are consistent with the client’s investment portfolio.
Clients choosing to engage the Advisor’s services will enter into a written Investment Advisory Agreement and
be charged an advisory fee for the Advisor’s services. The client is charged separate fees for brokerage and
execution services provided by the broker-dealer maintaining custody of the client’s account.
Consulting Services
The Advisor provides consulting services on an hourly basis. The Advisor’s advice takes into account
information collected from the client such as financial status, investment objectives and tax status, among
other data. The Advisor will deliver to the client a written analysis or report as part of its services if selected in
the Investment Advisory Consulting Agreement. The Advisor tailors the hourly consulting services to the
individual needs of the client based on the client’s investment objectives.
The Advisor does not have any discretionary investment authority when offering hourly consulting services.
The Advisor will make recommendations as to general types of investment products or securities that may be
appropriate for a client to consider and may also provide recommendations regarding specific investments or
securities.
Financial Planning
The Advisor provides clients financial planning services to aid them in defining personal financial goals and
objectives related to their investment objectives and risk tolerances.
The Advisor will complete a financial plan through examination of a client’s current financial situation, which
includes a review of a client’s investment objectives, time horizon, and risk parameters as well as a review of a
client’s assets and liabilities, income, cash flow, and estate issues.
The client retains the sole responsibility for determining whether to implement any recommendations made
by the Advisor and for placing any resulting transactions. The Advisor does not provide ongoing financial
planning services, and does not have discretionary authority with respect to the client’s assets.
A client is under no obligation to act upon the Advisor’s recommendation. If a client elects to act on any of the
Advisor’s recommendations, the client is under no obligation to effect the transaction through the Advisor.
Separately Managed Account Programs
The Advisor may recommend separately managed accounts. Under these accounts, the Advisor will introduce
the client to, and advise on the selection of, independent portfolio manager(s) who provide discretionary
management of individual portfolios using a variety of different securities analysis methods, sources of
information and investment strategies. Clients receive separate disclosure from such portfolio managers
regarding any such portfolio manager’s advisory services.
The Advisor selects the appropriate independent portfolio manager(s), based upon the client’s financial needs
and investment objectives. The unaffiliated portfolio manager establishes custodial facilities, monitors
performance, provides clients with performance accounting and other administrative services, and handles
certain trading activities.