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- 1. IAPD Report BORIS DRAGAN DESANCIC Section Title Report Summary Qualifications Registration and Employment History Disclosure Information CRD# 2642815 1 2 - 3 4 - 5 6 Page(s) Please be aware that fraudsters may link to Investment Adviser Public Disclosure from phishing and similar scam websites, trying to steal your personal information or your money. Make sure you know who you’re dealing with when investing, and contact FINRA with any concerns. For more information read our investor alert on imposters. i User Guidance www.adviserinfo.sec.gov
- 2. IAPD Information About Representatives IAPD offers information on all current-and many former representatives. Investors are strongly encouraged to use IAPD to check the background of representatives before deciding to conduct, or continue to conduct, business with them. What is included in a IAPD report? IAPD reports for individual representatives include information such as employment history, professional qualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. It is important to note that the information contained in an IAPD report may include pending actions or allegations that may be contested, unresolved or unproven. In the end, these actions or allegations may be resolved in favor of the representative, or concluded through a negotiated settlement with no admission or finding of wrongdoing. Where did this information come from? The information contained in IAPD comes from the Investment Adviser Registration Depository (IARD) and FINRA's Central Registration Depository, or CRD, (see more on CRD below) and is a combination of: · information the states require representatives and firms to submit as part of the registration and licensing process, and · information that state regulators report regarding disciplinary actions or allegations against representatives. How current is this information? Generally, representatives are required to update their professional and disciplinary information in IARD within 30 days. Need help interpreting this report? For help understanding how to read this report, please consult NASAA's IAPD Tips page http://www.nasaa.org/IAPD/IARReports.cfm What if I want to check the background of an Individual Broker or Brokerage Firm? To check the background of an Individual Broker or Brokerage firm, you can search for the firm or individual in IAPD. If your search is successful, click on the link provided to view the available licensing and registration information in FINRA's BrokerCheck website. Are there other resources I can use to check the background of investment professionals? It is recommended that you learn as much as possible about an individual representative or Investment Adviser firm before deciding to work with them. Your state securities regulator can help you research individuals and certain firms doing business in your state. The contact information for state securities regulators can be found on the website of the North American Securities Administrators Association http://www.nasaa.org User Guidance www.adviserinfo.sec.gov
- 3. Report Summary BORIS DRAGAN DESANCIC (CRD# 2642815) The report summary provides an overview of the representative's professional background and conduct. The information contained in this report has been provided by the representative, investment adviser and/or securities firms, and/or securities regulators as part of the states' investment adviser registration and licensing process. The information contained in this report was last updated by the representative, a previous employing firm, or a securities regulator on 10/06/2022. CURRENT EMPLOYERS Registered Since Firm CRD# IA 09/20/2019 CLEAR CREEK FINANCIAL MANAGEMENT, LLC CRD# 170602 QUALIFICATIONS Is this representative currently Inactive or Suspended with any regulator? No Note: Not all jurisdictions require IAR registration or may have an exemption from registration. Additional information including this individual's qualification examinations and professional designations is available in the Detailed Report. This representative is currently registered in 0 SRO(s) and 1 jurisdiction(s). REGISTRATION HISTORY This representative was previously registered with the following firm(s): FIRM REGISTRATION DATES CRD# LOCATION WADDELL & REED 02/20/2001 - 04/25/2019 IA 866 BELLEVUE, WA WADDELL & REED 01/30/2001 - 04/25/2019 B 866 BELLEVUE, WA THE LEADERS GROUP, INC. 09/08/2000 - 01/23/2001 B 37157 LITTLETON, CO For additional registration and employment history details as reported by the individual, refer to the Registration and Employment History section of the Detailed Report. DISCLOSURE INFORMATION Disclosure events include certain criminal charges and convictions, formal investigations and disciplinary actions initiated by regulators, customer disputes and arbitrations, and financial disclosures such as bankruptcies and unpaid judgments or liens. Are there events disclosed about this representative? Yes The following types of events are disclosed about this representative: Type Count Regulatory Event 1 User Guidance www.adviserinfo.sec.gov 1 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.
- 4. User Guidance www.adviserinfo.sec.gov Qualifications REGISTRATIONS This section provides the SRO, states and U.S. territories in which the representative is currently registered and licensed, the category of each registration, and the date on which the registration becomes effective. This section also provides, for each firm with which the representative is currently employed, the address of each location where the representative works. This individual is currently registered with 1 jurisdiction(s) and 0 SRO(s) through his or her employer(s). Firm Name: Main Address: Firm ID#: CLEAR CREEK FINANCIAL MANAGEMENT, LLC 170602 9361 BAYSHORE DRIVE NW SILVERDALE, WA 98383 Employment 1 of 1 IA Regulator Registration Status Date IA Washington Investment Adviser Representative Approved 09/20/2019 Branch Office Locations CLEAR CREEK FINANCIAL MANAGEMENT, LLC 212 W Ironwood Dr. #D651 Coeur d'Alene, ID 83814 2 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.
- 5. User Guidance www.adviserinfo.sec.gov Qualifications PASSED INDUSTRY EXAMS This individual has passed 1 principal/supervisory exam, 3 general industry/product exams, and 2 state securities law exams. This section includes all industry exams that the representative has passed. Under limited circumstances, a representative may attain registration after receiving an exam waiver based on a combination of exams the representative has passed and qualifying work experience. Likewise a new exam requirement may be grandfathered based on a representative's specific qualifying work experience. Exam waivers and grandfathering are not included below. Exam Category Date Principal/Supervisory Exams General Securities Principal Examination (S24) 08/21/2001 Series 24 B Exam Category Date General Industry/Product Exams Securities Industry Essentials Examination (SIE) 10/01/2018 SIE B General Securities Representative Examination (S7) 03/08/2001 Series 7 B Investment Company Products/Variable Contracts Representative Examination (S6) 08/23/1995 Series 6 B Exam Category Date State Securities Law Exams Uniform Investment Adviser Law Examination (S65) 11/02/1998 Series 65 IA Uniform Securities Agent State Law Examination (S63) 09/12/1995 Series 63 B PROFESSIONAL DESIGNATIONS This section details that the representative has reported 0 professional designation(s). No information reported. 3 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.
- 6. User Guidance www.adviserinfo.sec.gov Registration & Employment History PREVIOUSLY REGISTERED WITH THE FOLLOWING FIRMS Registration Dates Firm Name ID# Branch Location This representative held registrations with the following firms: IA 02/20/2001 - 04/25/2019 WADDELL & REED CRD# 866 BELLEVUE, WA B 01/30/2001 - 04/25/2019 WADDELL & REED CRD# 866 BELLEVUE, WA B 09/08/2000 - 01/23/2001 THE LEADERS GROUP, INC. CRD# 37157 LITTLETON, CO B 07/01/1997 - 08/23/2000 ASCEND FINANCIAL SERVICES, INC. CRD# 15296 ST. PAUL, MN B 08/24/1995 - 06/17/1997 BMA FINANCIAL SERVICES, INC. CRD# 7943 KANSAS CITY, MO EMPLOYMENT HISTORY Employment Dates Employer Name Position Investment Related Employer Location Below is the representative's employment history for up to the last 10 years. 09/2019 - Present CLEAR CREEK FINANCIAL MANAGEMENT, LLC Investment Advisor Representative Y SILVERDALE, WA, United States 05/2016 - Present REDEEMING SOLES BOARD MEMBER N SEATTLE, WA, United States 05/2019 - 08/2019 PCG Wealth Advisors, LLC Investment Advisor Representative Y Overland Park, KS, United States 09/2010 - 05/2019 RENTAL PROPERTY OWNER N SEATTLE, WA, United States 02/2001 - 04/2019 VARIOUS INSURANCE CARRIERS FOR W & R INSURANCE AGENCIES INSURANCE AGENT Y SEATTLE, WA, United States 01/2001 - 04/2019 WADDELL & REED, INC. ASSOCIATED PERSON Y SEATTLE, WA, United States OTHER BUSINESS ACTIVITIES This section includes information, if any, as provided by the representative regarding other business activities the representative is currently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent, or otherwise. This section does not include non-investment related activity that is exclusively charitable, civic, religious, or fraternal and is recognized as tax exempt. 1. REDEEMING SOLES 2. INVESTMENT RELATED: No 3. SEATTLE, WA 4. NON PROFIT 5. BOARD MEMBER 6. 05/2016-PRESENT 4 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.
- 7. User Guidance www.adviserinfo.sec.gov Registration & Employment History OTHER BUSINESS ACTIVITIES 1. REDEEMING SOLES 2. INVESTMENT RELATED: No 3. SEATTLE, WA 4. NON PROFIT 5. BOARD MEMBER 6. 05/2016-PRESENT 7. 8 HRS/MO, 8. 0 SEC HRS. 9. Chairman of the board, not active employee 1. Boris Desancic Consulting 2. Non-investment related 3. 965 N Armstrong Drive, Coeur D Alene, ID 83814 4. Consulting Services 5. Position held: consultant 6. Start date: Sep 19th 7. 60 hours 8. 30 hours 9. Coach and mentor financial advisors toward having better and bigger practices 1. WestPac Wealth Partners, LLC/ Guardian Life Insurance Company 2. Non-investment related 3. 4275 Executive Square, Suite 800, La Jolla, CA 92037 4. Insurance Brokerage 5. Agent 6. Start Date May 8th 2019 7. 0 hours 8. 0 hours 9. I sell life and disability insurance The Grape Basket; Not investment related; Seattle, WA; Website for small wineries; Advisor to the business; Advisor; February 2021; 1 hour per day during trading hours; Advise the business operations 5 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.
- 8. User Guidance www.adviserinfo.sec.gov Disclosure Summary What you should know about reported disclosure events: (1) Certain thresholds must be met before an event is reported to IARD, for example: · A law enforcement agency must file formal charges before an Investment Adviser Representative is required to report a particular criminal event.; · A customer dispute must involve allegations that an Investment Adviser Representative engaged in activity that violates certain rules or conduct governing the industry and that the activity resulted in damages of at least $5,000. (2) Disclosure events in IAPD reports come from different sources: As mentioned in the "About IAPD" section on page 1 of this report, information contained in IAPD comes from Investment Adviser Representatives, firms and regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event will appear in the IAPD report. The different versions will be separated by a solid line with the reporting source labeled. (3) There are different statuses and dispositions for disclosure events: · A disclosure event may have a status of pending, on appeal, or final. o A "pending" disclosure event involves allegations that have not been proven or formally adjudicated. o A disclosure event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed. o A "final" disclosure event has been concluded and its resolution is not subject to change. · A final disclosure event generally has a disposition of adjudicated, settled or otherwise resolved. o An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing. o A "settled" matter generally represents a disposition wherein the parties involved in a dispute reach an agreement to resolve the matter. Please note that Investment Adviser Representatives and firms may choose to settle customer disputes or regulatory matters for business or other reasons. o A "resolved" matter usually includes a disposition wherein no payment is made to the customer or there is no finding of wrongdoing on the part of the Investment Adviser Representative. Such matters generally involve customer disputes. (4) You may wish to contact the Investment Adviser Representatives to obtain further information regarding any of the disclosure events contained in this IAPD report. Disclosure Information 6 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.
- 9. User Guidance www.adviserinfo.sec.gov Count Type When evaluating this information, please keep in mind that some items may involve pending actions or allegations that may be contested and have not been resolved or proven. The event may, in the end, be withdrawn, dismissed, resolved in favor of the Investment Adviser Representative, or concluded through a negotiated settlement with no admission or finding of wrongdoing. This report provides the information exactly as it was reported to the Investment Adviser Registration Depository. Some of the specific data fields contained in the report may be blank if the information was not provided. The following types of events are disclosed about this representative: DISCLOSURE EVENT DETAILS Regulatory Event 1 Regulatory Event This disclosure event may include a final, formal proceeding initiated by a regulatory authority (e.g., a state securities agency, a federal regulator such as the Securities and Exchange Commission or the Commodities Futures Trading Commission, or a foreign financial regulatory body) for a violation of investment-related rules or regulations. This disclosure event may also include a revocation or suspension of an Investment Adviser Representative's authority to act as an attorney, accountant or federal contractor. Disclosure 1 of 1 Reporting Source: Regulator Regulatory Action Initiated By: Washington Sanction(s) Sought: Other: Heightened Supervision Plan Date Initiated: 09/17/2019 Docket/Case Number: S-19-2706-19-CO01 URL for Regulatory Action: Employing firm when activity occurred which led to the regulatory action: Product Type: No Product Allegations: On September 17, 2019, the Securities Division entered into a Consent Order S- 19-2706-19-CO01 with Boris Desancic (CRD 2642815) ("Consent Order"). The Consent Order states that Mr. Desancic was terminated as an investment adviser representative from his employing firm for violating the firm's policy on private securities transactions. In the Consent Order Mr. Desancic agreed that before an application for registration as an investment adviser representative for him is approved, his sponsoring firm must provide the Securities Division an acceptable plan of supervision. Respondent waived his right to judicial review of the matter. Current Status: Final Resolution: Stipulation and Consent Does the order constitute a final order based on violations of any laws or regulations that prohibit fraudulent, manipulative, or deceptive conduct? 7 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.
- 10. User Guidance www.adviserinfo.sec.gov Resolution Date: 09/17/2019 Sanctions Ordered: Does the order constitute a final order based on violations of any laws or regulations that prohibit fraudulent, manipulative, or deceptive conduct? No Other: Heightened supervision plan i Reporting Source: Individual Regulatory Action Initiated By: State of Washington Department of Financial Institutions Securities Division Sanction(s) Sought: Other: Heightened supervision Date Initiated: 09/06/2019 Docket/Case Number: S-19-2706-19-CO01 Employing firm when activity occurred which led to the regulatory action: Waddell and Reed, Inc. Product Type: No Product Allegations: Respondent was alleged to failed to disclose to his firm the requested information and documents regarding the sales of securities of promissory notes issued by his wife's company, and for representing to his firm that his wife's company did not sell securities when the company had issued promissory notes to investors. Current Status: Final Resolution: Order Resolution Date: 09/06/2019 Sanctions Ordered: Does the order constitute a final order based on violations of any laws or regulations that prohibit fraudulent, manipulative, or deceptive conduct? Yes Other: Prior to registration as an investment advisor representative or securities salesperson is approved for Respondent, the state must approve a heightened supervision for two years. Respondent will not be a principal, owner, officer, or director of an investment advisor or broker dealer for two years. 8 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.
- 11. User Guidance www.adviserinfo.sec.gov End of Report This page is intentionally left blank. 9 ?2023 FINRA. All rights reserved. Report about BORIS DRAGAN DESANCIC.