Everglades Resources, Inc.

Everglades Resources, Inc. is an independent, single-advisor investment advisory firm that provides discretionary portfolio management to individual and retirement accounts and also serves pooled-investment vehicles, including a limited partnership the firm manages as general partner. The firm also offers its research services to other investment managers on a case-by-case basis.

The firm follows a fundamental value research process with a long-term, concentrated buy-and-hold orientation, typically taking relatively large positions in a limited number of small- and micro-cap equities and ETFs and maintaining generally low turnover; clients may also hold substantial cash when favorable prices are not available. ERI sometimes employs covered-call option strategies on equities held in client accounts and can provide tailored growth-and-income or income-only approaches for specific accounts.

Compared with many solo independent advisers, the firm is notable for acting as an adviser to a private pooled fund and for managing accounts that may be subject to performance-based compensation, which the brochure acknowledges can create conflicts that the firm seeks to manage. The brochure also discloses a prior state regulatory examination that resulted in a settlement and fine related to delivery of audited financials and ADV amendments, and describes policies intended to mitigate conflicts such as seeking to place client trades ahead of the firm’s own and disclosing personal investments alongside client holdings.