Hcm Wealth

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Item 11.H. of Part
1A or Item 2.F. of Part 1B of Form ADV.
Civil Judicial
Check Part 1A item(s) being responded to:
11.H(1)(a)
11.H(1)(b)
11.H(1)(c)
11.H(2)
Check Part 1B item(s) being responded to:
2.F(1)
2.F(2)
2.F(3)
2.F(4)
2.F(5)
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Item 11.H. of Part 1A or Item 2.F. of Part 1B. Use only one DRP to report details related to the
same event. Unrelated civil judicial actions must be reported on separate DRPs.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
2908419
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
HOUSER, GAGE, THOMAS
(For individuals, Last, First,

Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.H.
(1)(a), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Court Action initiated by: (Name of regulator, foreign financial regulatory authority, SRO, commodities exchange, agency, firm, private plaintiff, etc.) 
PRIVATE PLAINTIFF: SHAHRAZADE MCCONKEY, REPRESENTATIVE OF THE ESTATE OF GLENN MCCONKEY
2.
Principal Relief Sought:
Money Damages (Private/Civil Complaint)
Other Relief Sought: 
3.
Filing Date of Court Action (MM/DD/YYYY):
06/27/2024
 Exact
 Explanation
If not exact, provide explanation:
DATE PROCESS SERVED.
4.
Principal Product Type:
No Product
Other Product Types: 
5.
Formal Action was brought in (include name of Federal, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case
Number): 
STATE OF UTAH, THIRD DISTRICT OF SALT LAKE COUNTY SALT LAKE CITY, UTAH DOCKET: 240904953
6.
Advisory Affiliate Employing Firm when activity occurred which led to the civil judicial action (if applicable): 
HUTCHINSON CAPITAL MANAGEMENT
7.
Describe the allegations related to this civil action (your response must fit within the space provided): 
PLAINTIFF ALLEGED THAT HUTCHINSON CAPITAL MANAGEMENT FAILED TO SUPERVISE THE ACTIONS OF A COURT-APPOINTED TRUSTEE APPOINTED BY
(AND OTHERWISE SUBJECT TO THE OVERSIGHT OF) THE STATE OF UTAH DISTRICT COURT WHICH GRANTED THE TRUSTEE LEGAL AUTHORITY OVER THE
ENTIRETY OF CLIENT'S INVESTMENT ASSETS. THE COURT-APPOINTED TRUSTEE EMBEZZLED CLIENT ASSETS FOR WHICH HE WAS CONVICTED AND
IMPRISONED.
8.
Current Status? 
 Pending
 On Appeal
 Final
9.
If on appeal, action appealed to (provide name of court) and Date Appeal Filed (MM/DD/YYYY): 
10. If pending, date notice/process was served (MM/DD/YYYY):
 Exact
 Explanation
If not exact, provide explanation:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 14 only.
11. How was matter resolved:
Settled
12. Resolution Date (MM/DD/YYYY): 
11/12/2024
 Exact
 Explanation

If not exact, provide explanation:
13. Resolution Detail:
A.  Were any of the following Sanctions Ordered or Relief Granted(check appropriate items)?
Monetary/Fine Amount: $
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions:
THIS CLAIM WAS SETTLED WITHOUT A FINDING OF LIABILITY ON THE PART OF HUTCHINSON CAPITAL MANAGEMENT OR ITS PERSONNEL.
C.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement, or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived:
THIS CLAIM WAS SETTLED BY HUTCHINSON CAPITAL MANAGEMENT WITHOUT A FINDING OF LIABILITY ON ITS PART OR ON THE PART OF ITS
EMPLOYEES ON THE ADVICE OF LEGAL COUNSEL AND IN COORDINATION WITH HUTCHINSON CAPITAL MANAGEMENT'S INSURANCE CARRIER.
14. Provide a brief summary of circumstances related to the action(s), allegation(s), disposition(s) and/or finding(s) disclosed above (your response must
fit within the space provided). 
THIS CLAIM WAS SETTLED BY HUTCHINSON CAPITAL MANAGEMENT WITHOUT A FINDING OF LIABILITY ON ITS PART OR ON THE PART OF ITS EMPLOYEES
ON THE ADVICE OF LEGAL COUNSEL AND IN COORDINATION WITH HUTCHINSON CAPITAL MANAGEMENT'S INSURANCE CARRIER. IN 2014,
HUTCHINSON'S CLIENT WAS MADE THE SUBJECT OF A COURT-APPOINTED GUARDIANSHIP BY THE DISTRICT COURT OF THE STATE OF UTAH. LEGAL
AUTHORITY OVER THE ENTIRETY OF CLIENT'S INVESTMENT ASSETS WAS TRANSFERRED BY THE DISTRICT COURT, STATE OF UTAH TO A COURT-
APPOINTED TRUSTEE EMPOWERED TO MONITOR, SUPERVISE, AND MAKE ALL NECESSARY PAYMENTS IN THE SUPPORT AND MEDICAL CARE OF CLIENT.
THE COURT-SELECTED TRUSTEE WAS TO BE MONITORED BY THE DISTRICT COURT AND WAS REQUIRED TO PERIODICALLY REPORT TO SUCH COURT AS
TO THE ASSETS UNDER THE TRUSTEE'S CONTROL AND THEIR DISPOSITION. HUTCHINSON CAPITAL PLAYED NO ROLE IN THE DECISION TO APPOINT
EITHER THE COURT-SELECTED GUARDIAN OR THE COURT-SELECTED TRUSTEE. ALL RELEVANT COURT APPOINTMENTS OF THE GUARDIAN AND THE
TRUSTEE WERE PROVIDED TO HUTCHINSON ESTABLISHING BOTH THE THEIR AUTHORITY AND CONTROL OVER CLIENT'S ASSETS AND THE DISTRICT
COURT'S ONGOING SUPERVISION OF THE TRUSTEE GUARDIAN. UPON COURT-SELECTED TRUSTEE'S LEGAL EMPOWERMENT OVER CLIENT'S ENTIRE
RETIREMENT AND INVESTMENT ASSETS, THE COURT-SELECTED TRUSTEE EMBEZZLED CLIENT'S ASSETS. HE WAS SUBSEQUENTLY CONVICTED AND
JAILED FOR HIS ACTIONS. HUTCHINSON CAPITAL DID NOT PARTICIPATE IN THE COURT-SELECTED TRUSTEE'S UNLAWFUL ACTIVITIES NOR WAS
HUTCHINSON CAPITAL AWARE OF HIS UNLAWFUL ACTIONS. THE COMPLAINT DID NOT ALLEGE THAT HUTCHINSON CAPITAL MANAGEMENT OR MR.
HOUSER MISMANAGED CLIENT'S PORTFOLIO OR FAILED TO SUPERVISE CLIENT'S INVESTMENTS. INSTEAD, THE COMPLAINT ALLEGED HUTCHINSON
CAPITAL MANAGEMENT AND MR. HOUSER SOMEHOW SHOULD HAVE PREVENTED THE TRUSTEE'S EMBEZZLEMENT, DESPITE THE COURT APPOINTMENT
AND THE COURT'S ONGOING OBLIGATION TO SUPERVISE THE TRUSTEE. CLIENT DIED IN 2022. THIS ACTION WAS BROUGHT BY AN ESTATE
REPRESENTATIVE.