Excelsior Investment Advisors, LLC (EIA)  is an investment adviser registered with the Securities and Exchange Commission (“SEC”) . EIA is located at 135 Pinelawn Road, Suite 110S, Melville, NY 11747 . EIA is affiliated with a separate SEC registrant known as FCCI Consulting LLC (“FCCI”). Both EIA and FCCI are investment advisors to unregistered pooled investment vehicles. EIA may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. . EIA’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of EIA’s web site on the Internet should not be construed by any consumer and/or prospective client as EIA’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by EIA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of EIS’s current written disclosure Brochure discussing EIA’s business operations, services, and fees is available from EIA upon written request. EIA does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to EIA web site or incorporated herein, and takes no responsibility, therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

EIA recommends that investors independently evaluate investments and strategies and encourages investors to seek the advice of their financial advisers. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. The securities, instruments, or strategies discussed on this web site may not be suitable for all investors, and certain investors may not be eligible to purchase or participate in some or all of them. This web site is not an offer to buy or sell or the solicitation of an offer to buy or sell any security/instrument and/or to participate in any particular trading strategy. No client or prospective client should assume that any information presented or made available on this website serves as personalized individual advice from EIA or any other investment professional. Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by EIA), will be profitable or equal any historical performance level(s). See Terms of Use.

EIA designs and manages unregistered private investment funds or “Private Investment Partnerships”(organized as limited partnerships) for other advisors, individuals and/or small businesses, pooled investment vehicles and tax exempt organizations. EIA researches, identifies, interviews, evaluates, selects and monitors the third-party investment managers (the "Designated Managers") selected to manage the assets of each fund. These Private Investment Partnerships are established as funds of funds. EIA manages the funds’ overall investment position, including ongoing evaluation of the Designated Managers, and makes periodic changes in the allocation of funds to existing and new Designated Managers as it deems appropriate. EIA believes that the Investment Partnership's investment objective can be achieved with diversified asset management utilizing several independent Designated Managers that employ Equity, Event Driven, Relative Value, Private Investments and other investment strategies. These Designated Managers, through their own pooled investment vehicles in which the Private Investment Partnerships is a participant, employ varying investment styles and strategies.

Private Investment Partnerships are not appropriate for all investors. These partnerships can be speculative and may involve a high degree of risk, above and beyond those associated with traditional asset classes. An investor could lose all or a substantial amount of the investment. Investors should consider Private Investment Partnerships as a supplement to an overall investment strategy. Investments in Private Investment Partnerships are not federally insured by the Federal Deposit Insurance Corporation or any other government agency. Investments in private funds are not deposits or obligations of any bank or insured depository institution. The funds may use leverage and other speculative investment practices that may increase the risk of investment loss. Private Investment Partnerships may have performance that is volatile and may own investments that are illiquid. There is no secondary market for the investor’s interest in the fund and none is expected to develop. There may be restrictions on redeeming interests in the fund. Private funds’ fees and expenses may offset their trading profits. Designated Managers generally have total trading authority over the fund. The use of a single advisor applying generally similar trading programs could result in a lack of diversification and, consequentially, higher risk. Private Investment Partnerships may involve complex tax strategies and there may be delays in distributing tax information to investors.

Additional risks associated with investing in a Designated Managers generally include:
•  Alternative Investments may impose significant fees, including incentive fees that are based upon a percentage of the realized and unrealized gains, and such fees may offset all or a significant portion of such Alternative Investments trading profits. An individual’s net returns may differ significantly from actual returns. Alternative Investments are not required to provide periodic pricing or valuation information. Investors may have limited rights with respect to their investments, including limited voting rights and participation in the management of the Alternative Investment. Alternative Investments often engage in leverage and other investment practices that are extremely speculative and involve a high degree of risk. Such practices may increase the volatility of performance and the risk of investment loss, including the loss of the entire amount that is invested.

•  Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.

•  Alternative Investments are offered in reliance upon an exemption from registration under the Securities Act of 1933, as amended, for offers and sales of securities that do not involve a public offering. No public or other market is available or will develop. Similarly, interests in an Alternative Investment are highly illiquid and generally are not transferable without the consent of the sponsor, and applicable securities and tax laws will limit transfers.

•  Many Designated Managers employ a single investment strategy. Thus, a Designated Manager or even a fund of Designated Managers may be subject to strategy risk, associated with the failure or deterioration of an entire strategy. Strategy specific losses can result from excessive concentration by multiple Designated Manager managers in the same investment or broad events that adversely affect particular strategies.

•  Since many Designated Managers use leverage and speculative investment strategies such as options and short sales, investors should be aware of the potential risks. When used prudently and for the purpose of risk reduction, these instruments can add value to a portfolio. However, when leverage is used excessively and the market goes down, a portfolio can suffer tremendously. Also, managers can face additional risk when selling short. In theory, the loss associated with shorted stocks is infinite, because stocks can go up indefinitely. So, while selling short can add return and risk reduction to a portfolio, managers need to pay special attention to their short positions. In the same way, when options are used to hedge a portfolio (i.e., short calls and buy puts), the portfolio’s volatility can be reduced. However, when options are used to speculate (i.e., buy calls, short puts), a portfolio’s returns can suffer, and the risk of the portfolio can increase.

•  Since the pooled investment vehicles managed by the Designated Managers are generally unregistered private investments, they are not subject to the same oversight and scrutiny from financial regulatory entities, such as SEC, and are not subject to the same regulatory requirements as regulated open-end investment companies [mutual funds], including requirements for such entities to provide certain periodic pricing and valuation information to investors, or certain closed-end investment companies. Designated Manager private placement offering documents are not reviewed or approved by the SEC or any US state securities administrator. Also, private fund managers may not be required by law or regulation to supply investors with their portfolio holdings, pricing, or valuation information.

•  There is a risk that a Designated Manager may knowingly, negligently or otherwise withhold or misrepresent information regarding the performance of the Designated Manager including, without limitation, the presence or effects of any fraudulent or similar activities (“Fraudulent Activities”). The Investment Partnerships’ performance of its monitoring functions would generally not give the Investment Partnerships the opportunity to discover such situations prior to the time the Designated Manager discloses (or there is public disclosure of) the presence or effects of any Fraudulent Activities. Accordingly, the Investment Partnerships can offer no assurances that a Designated Manager will not engage in Fraudulent Activities and cannot guarantee that it will have the opportunity or ability to protect the Investment Partnerships from suffering a loss because of a Designated Manager’s Fraudulent Activities.

•  Designated Managers may sell securities short. Selling securities short risks losing an amount greater than the proceeds received. Theoretically, securities sold short are subject to unlimited risk of loss because there is no limit on the price that a security may appreciate before the short position is closed. In addition, the supply of securities that can be borrowed fluctuates from time to time. The Designated Managers may be subject to losses if a security lender demands return of the lent securities and an alternative lending source cannot be found or if the Designated Managers are otherwise unable to borrow securities that are necessary to cover their positions.

•  The Designated Managers may utilize options in furtherance of their investment strategies. Option positions may include both long positions, where a Designated Manager is the holder of put or call options, as well as short positions, where the Designated Manager is the seller (writer) of an option. Although option techniques can increase investment return, they can also involve a higher level of risk compared with their underlying securities. For example, the expiration of unexercised long options effectively results in loss of the entire cost, or premium paid for the option. Conversely, the writing of an uncovered put or call option can involve, similar to short selling, a theoretically unlimited risk of an increase in the Investment Partnerships’ cost of selling or purchasing the underlying securities, commodities or other instruments in the event of exercise of the option.

•  Designated Managers may invest underlying fund capital with or through third parties through swaps, total return swaps and other derivative instruments. Designated Managers may take advantage of opportunities with respect to certain other derivative instruments that are not presently contemplated for use or that are currently not available, but that may be developed, to the extent such opportunities are both consistent with their investment objectives and legally permissible. Special risks may apply to instruments that are invested in by the Designated Managers in the future that cannot be determined at this time or until such instruments are developed or invested in by the Designated Managers. Certain swaps, total return swaps and other derivative instruments may be subject to various types of risks, including market risk, liquidity risk, the risk of non- performance by the counterparty, including risks relating to the financial soundness and creditworthiness of the counterparty, legal risk and operations risk.

•  Sub-advisory Services: EIA provides consulting services to other registered investment advisers in relation to the development and implementation of alternative investment strategies, including research and marketing services. More information regarding EIA’s sub-advisory and consulting services may be found in EIA’s Disclosure Brochure.


Certain portions of EIA’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, EIA (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from EIA, or from any other investment professional. EIA is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Please Note: Limitations : Neither rankings and/or recognition by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any designation or certification, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Excelsior Investment Advisors, LLC are engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see link as to participation data/criteria, to the extent applicable). Unless expressly indicated to the contrary, Excelsior Investment Advisors, LLC did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of Excelsior Investment Advisors, LLC by any of its clients. ANY QUESTIONS: Stephen Perrino remains available to address any questions regarding rankings and/or recognitions, including providing the criteria used for any reflected ranking.
To the extent that any client or prospective client utilizes any economic calculator or similar interactive device contained within or linked to EIA’s web site, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from EIA, or from any other investment professional.
Each client and prospective client agrees, as a condition precedent to his/her/its access to EIA web site, to release and hold harmless EIA, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from EIA.


Website – Terms of Use

The contents of this website and any information accessible through the website are only intended to provide information on EIA’s investment advisory services and capabilities . There is no intent or offer to make available any service, product or information via this website or any links to the general public.

Conditions of Use

EIA provides this website for informational purposes only and as a service and convenience to its clients, partners and prospective clients. By using this website, you agree to abide by these Terms of Use. If you do not agree and accept these Terms of Use, do not use any portion of this website and exit immediately. These Terms of Use are in addition to any other agreements that may be between you, the company you are employed or contracted by, and EIA.

No Recommendations, Advice or Solicitation

This website is for informational purposes only and nothing herein should be construed as a recommendation by EIA or any third party to provide any investment advice. In addition, nothing in this website should be considered as a solicitation to buy, offer to sell or recommendation for, a security or service, strategy or product. EIA makes no representation, express or implied, that any information on this website is suitable for any particular person or entity.

Disclaimer of Warranties

EIA makes no representations or warranties as to the accuracy, timeliness, suitability or completeness of the information provided by or through this website. Further, EIA makes no express or implied warranty of any kind, including but not limited to warranties of merchantability, fitness for a particular purpose or non-infringement with regard to this website, its contents and any results obtained. EIA makes no warranties of any kind that this website will meet your needs or expectations, be secure or free from viruses, or be uninterrupted.

Limitation of Liability

You agree that we will not be liable, directly or indirectly, for any damages, losses or expenses relating to the use or inability to use this website, including but not limited to incidental, consequential, special, punitive or other damages, whether in contract, tort, negligence, strict liability or any other legal theory. This limitation of liability includes any loss relating to use or inability to use the contents of this website as a direct or indirect result of causes including but not limited to, electronic or mechanical failure, theft, severe weather, flooding, earthquakes and other acts of God, accident, acts of local, state or federal authorities, fire, terrorist acts, war, riots, unauthorized alterations, defects, transmission, delay in operation, hacking, viruses, labor issues, power outages, communication lines, and temporary or permanent cessation of business or website operations for any reason.

You agree that your exclusive remedy for dissatisfaction with this website is to immediately discontinue using it.

Indemnification and Release

You agree to indemnify, release and hold EIA harmless from any and all claims, losses, liability, damages, costs and expenses (including, but not limited to, attorney’s fees) arising from your use or inability to use this website or any violation of these Terms of Use.

Governing Law and Forum

You agree that the laws of the State of New York will apply to all matters concerning this website and you consent and submit to the personal jurisdiction of courts located in New York in connection with any claims arising out of the use or inability to use this website.

Reservation of Rights

We reserve the right to modify, add, amend, delete, update, restrict, discontinue or otherwise change any portion or the entirety of this website and terms, disclosures and conditions of use at our sole discretion without any prior notice or liability to you. If you continue to use this website, you will be deemed to have accepted any such modifications, additions, amendments, deletions, updates, restriction, discontinuances and other changes.

Prohibited Usage

You are prohibited from using this website in any way that is unlawful, in contravention of these Terms of Use, would give rise to any liability or for any commercial use not related to your relationship with EIA. In addition, you are prohibited from modifying, transmitting, transferring, selling, publishing, licensing, renting, distributing, displaying, copying, reproducing, storing, creating derivative works, re-engineering or altering all or any portion of this website. You are also prohibited from utilizing this website in any way that would damage, impair, disable, interfere with or overburden this website or interfere with another person’s use of this website.

Intellectual Property

All content of this website, including these Terms of Use, are protected by applicable copyright, trademark, trade secret, patent, proprietary and other intellectual property laws and are the intellectual property of EIA. Any third party intellectual property that may be reflected in this website, including, but not limited to, products, services, names and logos, belong to their respective owners.