General Information
Vista Investment Partners LLC was formed in 2016 and provides financial planning and portfolio
management services to its clients. At the outset of each client relationship, Vista spends time with
the client, asking questions, discussing the client’s investment experience and financial
circumstances, and reviewing options for the client. Based on its reviews, Vista generally develops
with each client:
• a financial outline for the client based on the client’s financial circumstances and goals, and
the client’s risk tolerance level (the “Financial Profile”); and
• the client’s investment objectives and guidelines (the “Investment Plan”).
The Financial Profile is a reflection of the client’s current financial picture and a look to the future
goals of the client. The Investment Plan outlines the types of investments Vista will make on behalf
of the client in order to meet those goals. The Financial Profile and the Investment Plan are discussed
regularly with each client, but are not necessarily written documents.
Portfolio Management
As described above, at the beginning of a client relationship, Vista meets with the client, gathers
information, and performs research and analysis as necessary to develop the client’s Investment
Plan. The Investment Plan will be updated from time to time when requested by the client, or when
determined to be necessary or advisable by Vista based on updates to the client’s financial or other
circumstances.
To implement the client’s Investment Plan, Vista will manage the client’s investment portfolio on a
discretionary or a non-discretionary basis pursuant to an investment advisory agreement with the
client. As a discretionary investment adviser, Vista will have the authority to supervise and direct
the portfolio without prior consultation with the client. Clients who choose a non-discretionary
arrangement must be contacted prior to the execution of any trade in the account(s) under
management. This may result in a delay in executing recommended trades, which could adversely
affect the performance of the portfolio. This delay also normally means the affected account(s) will
not be able to participate in block trades, a practice designed to enhance the execution quality, timing
and/or cost for all accounts included in the block. In a non-discretionary arrangement, the client
retains the responsibility for the final decision on all actions taken with respect to the portfolio.
Notwithstanding the foregoing, clients may impose certain written restrictions on Vista in the
management of their investment portfolios, such as prohibiting the inclusion of certain types of
investments in an investment portfolio or prohibiting the sale of certain investments held in the
account at the commencement of the relationship. Each client should note, however, that restrictions
imposed by a client may adversely affect the composition and performance of the client’s investment
portfolio. Each client should also note that his or her investment portfolio is treated individually by
giving consideration to each purchase or sale for the client’s account. For these and other reasons,
performance of client investment portfolios within the same investment objectives, goals and/or risk
tolerance may differ and clients should not expect that the composition or performance of their
investment portfolios would necessarily be consistent with similar clients of Vista.
Separate Account Managers
Vista may utilize one or more Separate Account Managers (each a “Manager”), when appropriate and
in accordance with the Investment Plan for a client. Having access to various Managers
offers a wide
variety of manager styles, and offers clients the opportunity to utilize more than one Manager if
necessary to meet the needs and investment objectives of the client. Vista will usually select the
Manager(s) it deems most appropriate for the client. Factors that Vista considers in
recommending/selecting Managers generally includes the client’s stated investment objective(s),
management style, performance, risk level, reputation, financial strength, reporting, pricing, and
research.
The Manager(s) will generally be granted discretionary trading authority to provide investment
advisory services for the portfolio. Pursuant to the Manager(s)’ investment authority, the Manager(s)
may select one or more of Vista’s investment strategies described in Item 8 – Methods of Analysis,
Investment Strategies and Risk of Loss in varying combinations over time for a given client,
depending upon the client’s individual circumstances. Under certain circumstances, Vista retains the
authority to terminate the Manager’s relationship or to add new Managers without specific client
consent. In other cases, the client will ultimately select one or more Managers recommended by
Vista.
In any case, with respect to assets managed by a Manager, Vista’s role will be to monitor the overall
financial situation of the client, to monitor the investment approach and performance of the
Manager(s), and to assist the client in understanding the investments of the portfolio.
Financial Planning
Vista also offers financial planning services, as described below. This service may be provided as a
stand-alone service, or may be coupled with ongoing portfolio management.
Financial planning may include advice that addresses one or more areas of a client’s financial
situation, such as estate planning, risk management, budgeting and cash flow controls, retirement
planning, education funding, and investment portfolio design and ongoing management. Depending
on a client’s particular situation and the client’s specific needs, financial planning may include some
or all of the following:
• Gathering factual information concerning the client’s personal and financial situation;
• Assisting the client in establishing financial goals and objectives;
• Analyzing the client’s present situation and anticipated future activities in light of the client's
financial goals and objectives;
• Identifying problems foreseen in the accomplishment of these financial goals and objectives
and offering alternative solutions to the problems;
• Making recommendations to help achieve retirement plan goals and objectives;
• Designing an investment portfolio to help meet the goals and objectives of the client;
• Estate planning strategies;
• Assessing risk and reviewing basic health, life and disability insurance needs; or
• Reviewing goals and objectives and measuring progress toward these goals.
Once financial planning advice is given, the client may choose to have Vista implement the client’s
financial plan and manage the investment portfolio on an ongoing basis. However, the client is under
no obligation to act upon any of the recommendations made by Vista under a financial planning
engagement and/or engage the services of any recommended professional.
Principal Owners
Ronald Richardson is the principal owner of Vista. The Brochure Supplement provides more
information about Mr. Richardson.
Type and Value of Assets Currently Managed
As of December 31, 2023, Vista managed approximately $ 470,677,265 on a discretionary basis and
$ 3,868,257 on a non-discretionary basis.