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FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV-Other-Than-Annual Amendment, Part 2 Rev. 02/2005
1/20/2009 11:04:30 AM
Amend, retire or file new brochures:
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, SCHEDULE A Rev. 02/2005
1/20/2009 11:04:30 AM
Form ADV, Schedule A
Direct Owners and Executive Officers
1. Complete Schedule A only if you are submitting an initial application. Schedule A asks for information about your direct owners and executive officers. Use Schedule C to amend
this information.
2. Direct Owners and Executive Officers. List below the names of:
(a) each Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, Chief Legal Officer, Chief Compliance Officer(Chief Compliance Officer is required and cannot be
more than one individual), director, and any other individuals with similar status or functions;
(b)
if you are organized as a corporation, each shareholder that is a direct owner of 5% or more of a class of your voting securities, unless you are a public reporting company (a
company subject to Section 12 or 15(d) of the Exchange Act);
Direct owners include any person that owns, beneficially owns, has the right to vote, or has the power to sell or direct the sale of, 5% or more of a class of your voting securities.
For purposes of this Schedule, a person beneficially owns any securities: (i) owned by his/her child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, sharing the same residence; or (ii) that he/she has the right to acquire, within 60 days,
through the exercise of any option, warrant, or right to purchase the security.
(c) if you are organized as a partnership, all general partners and those limited and special partners that have the right to receive upon dissolution, or have contributed, 5% or
more of your capital;
(d) in the case of a trust that directly owns 5% or more of a class of your voting securities, or that has the right to receive upon dissolution, or has contributed, 5% or more of your
capital, the trust and each trustee; and
(e) if you are organized as a limited liability company ("LLC"), (i) those members that have the right to receive upon dissolution, or have contributed, 5% or more of your capital, and
(ii) if managed by elected managers, all elected managers.
3. Do you have any indirect owners to be reported on Schedule B? Yes No
4. In the DE/FE/I column below, enter "DE" if the owner is a domestic entity, "FE" if the owner is an entity incorporated or domiciled in a foreign country, or "I" if the owner or executive
officer is an individual.
5. Complete the Title or Status column by entering board/management titles; status as partner, trustee, sole proprietor, elected manager, shareholder, or member; and for
shareholders or members, the class of securities owned (if more than one is issued).
6. Ownership codes are: NA - less than 5% B - 10% but less than 25% D - 50% but less than 75%
A - 5% but less than 10% C - 25% but less than 50% E - 75% or more
7. (a) In the Control Person column, enter "Yes" if the person has control as defined in the Glossary of Terms to Form ADV, and enter "No" if the person does not have control. Note
that under this definition, most executive officers and all 25% owners, general partners, elected managers, and trustees are control persons.
(b) In the PR column, enter "PR" if the owner is a public reporting company under Sections 12 or 15(d) of the Exchange Act.
(c) Complete each column.
FULL LEGAL NAME (Individuals: Last Name, First DE/FE/I Title or Date Title or Status Ownership Control PR CRD No. If None: S.S. No. and Date of Birth, IRS Tax
Name, Middle Name) Status Acquired MM/YYYY Code Person No., or Employer ID No.
ORRICO,JOHN, JOSEPH DE OWNER 07/2000 E Y N
ORRICO,JOHN,JOSEPH DE OWNER 07/2000 E Y N
ORRICO,JOHN DE OWNER 07/2000 E Y N xxx-xx-xxxx
P.W.B., INC. DE OWNER 07/2000 E Y N
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, SCHEDULE B Rev. 02/2005
1/20/2009 11:04:30 AM
Form ADV, Schedule B
Indirect Owners
1. Complete Schedule B only if you are submitting an initial application. Schedule B asks for information about your indirect owners; you must first complete Schedule A, which asks
for information about your direct owners. Use Schedule C to amend this information.
2. Indirect Owners. With respect to each owner listed on Schedule A (except individual owners), list below:
(a) in the case of an owner that is a corporation, each of its shareholders that beneficially owns, has the right to vote, or has the power to sell or direct the sale of, 25% or more of a
class of a voting security of that corporation;
For purposes of this Schedule, a person beneficially owns any securities: (i) owned by his/her child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, sharing the same residence; or (ii) that he/she has the right to acquire, within 60 days,
through the exercise of any option, warrant, or right to purchase the security.
(b) in the case of an owner that is a partnership, all general partners and those limited and special partners that have the right to receive upon dissolution, or have contributed,
25% or more of the partnership's capital;
(c) in the case of an owner that is a trust, the trust and each trustee; and
(d) in the case of an owner that is a limited liability company ("LLC"), (i) those members that have the right to receive upon dissolution, or have contributed, 25% or more of the
LLC's capital, and (ii) if managed by elected managers, all elected managers.
3. Continue up the chain of ownership listing all 25% owners at each level. Once a public reporting company (a company subject to Sections 12 or 15(d) of the Exchange Act) i s
reached, no further ownership information need be given.
4. In the DE/FE/I column below, enter "DE" if the owner is a domestic entity, "FE" if the owner is an entity incorporated or domiciled in a foreign country, or "I" if the owner is an
individual.
5. Complete the Status column by entering the owner's status as partner, trustee, elected manager, shareholder, or member; and for shareholders or members, the class of
securities owned (if more than one is issued).
6. Ownership codes are: C - 25% but less than 50% E - 75% or more
D - 50% but less than 75% F - Other (general partner, trustee, or elected manager)
7. (a) In the Control Person column, enter "Yes" if the person has control as defined in the Glossary of Terms to Form ADV, and enter "No" if the person does not have control. Note
that under this definition, most executive officers and all 25% owners, general partners, elected managers, and trustees are control persons.
(b) In the PR column, enter "PR" if the owner is a public reporting company under Sections 12 or 15(d) of the Exchange Act.
(c) Complete each column.
No Indirect Owner Information Filed
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, SCHEDULE C Rev. 02/2005
1/20/2009 11:04:30 AM
Form ADV, Schedule C
Amendments to Schedules A and B
1. Use Schedule C only to amend information requested on either Schedule A or Schedule B. Refer to Schedule A and Schedule B for specific instructions for completing this
Schedule C. Complete each column.
2. In the Type of Amendment column, indicate "A" (addition), "D" (deletion), or "C" (change in information about the same person).
3. Ownership codes are: NA - less than 5% C - 25% but less than 50% G - Other (general partner, trustee, or elected member)
A - 5% but less than 10% D - 50% but less than 75%
B - 10% but less than 25% E - 75% or more
4. List below all changes to Schedule A (Direct Owners and Executive Officers):
No Changes to Direct Owner / Executive Officer Information Filed
5. List below all changes to Schedule B (Indirect Owners):
No Changes to Indirect Owner Information Filed
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, SCHEDULE D Page 1 Rev. 02/2005
1/20/2009 11:04:30 AM
Form ADV, Schedule D Page 1
Certain items in Part 1A of Form ADV require additional information on Schedule D. Use this Schedule D Page 1 to report details for items listed below. Report only new information or
changes/updates to previously submitted information. Do not repeat previously submitted information.
Section 1.B. Other Business Names
List your other business names and the jurisdictions in which you use them. You must complete a separate Schedule D for each business name.
No Information Filed
Section 1.F. Other Offices
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business. You must complete a
separate Schedule D Page 1 for each location. If you are applying for registration, or are registered, only with the SEC, list only the largest five (in terms of numbers of employees).
No Information Filed
Section 1.I. World Wide Web Site Addresses
List your World Wide Web site addresses. You must complete a separate Schedule D for each World Wide Web site address.
No Information Filed
Section 1.K. Locations of Books and Records
Complete the following information for each location at which you keep your books and records, other than your principal office and place of business. You must complete a separate
Schedule D Page 1 for each location.
No Information Filed
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, SCHEDULE D, Page 2 Rev. 02/2005
1/20/2009 11:04:30 AM
Form ADV, Schedule D Page 2
Use this Schedule D Page 2 to report details for items listed below. Report only new information or changes/updates to previously submitted information. Do not repeat previously
submitted information.
Section 1.L. Registration with Foreign Financial Regulatory Authorities
List the name, in English, of each foreign financial regulatory authority and country with which you are registered. You must complete a separate Schedule D Page 2 for each foreign
financial regulatory authority with whom you are registered.
No Information Filed
Section 2.A(7) Affiliated Adviser
If you are relying on the exemption in rule 203A-2(c) from the prohibition on registration because you control, are controlled by, or are under common control with an investment adviser
that is registered with the SEC and your principal office and place of business is the same as that of the registered adviser, provide the following information:
Name of Registered Investment Adviser
CRD Number of Registered Investment Adviser (if any)
SEC Number of Registered Investment Adviser
801-
Section 2.A(8) Newly Formed Adviser
If you are relying on rule 203A-2(d), the newly formed adviser exemption from the prohibition on registration, you are required to make certain representations about your eligibility for
SEC registration. By checking the appropriate boxes, you will be deemed to have made the required representations. You must make both of these representations:
I am not registered or required to be registered with the SEC or a state securities authority and I have a reasonable expectation that I will be eligible to register with the SEC
within 120 days after the date my registration with the SEC becomes effective.
I undertake to withdraw from SEC registration if, on the 120th day after my registration with the SEC becomes effective, I would be prohibited by Section 203A(a) of the Advisers
Act from registering with the SEC.
Section 2.A(9) Multi-State Adviser
If you are relying on rule 203A-2(e), the multi-state adviser exemption from the prohibition on registration, you are required to make certain representations about your eligibility for SEC
registration. By checking the appropriate boxes, you will be deemed to have made the required representations.
If you are applying for registration as an investment adviser with the SEC, you must make both of these representations:
I have reviewed the applicable state and federal laws and have concluded that I am required by the laws of 30 or more states to register as an investment adviser with the
securities authorities in those states.
I undertake to withdraw from SEC registration if I file an amendment to this registration indicating that I would be required by the laws of fewer than 25 states to register as an
investment adviser with the securities authorities of those states.
If you are submitting your annual updating amendment, you must make this representation:
Within 90 days prior to the date of filing this amendment, I have reviewed the applicable state and federal laws and have concluded that I am required by the laws of at least 25
states to register as an investment adviser with the securities authorities in those states.
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, SCHEDULE D, Page 3 Rev. 02/2005
1/20/2009 11:04:30 AM
Form ADV, Schedule D Page 3
Use this Schedule D Page 3 to report details for items listed below. Report only new information or changes/updates to previously submitted information. Do not repeat previously
submitted information.
Section 2.A(11) SEC Exemptive Order
No Information Filed
Section 4 Successions
Complete the following information if you are succeeding to the business of a currently-registered investment adviser. If you acquired more than one firm in the succession you are
reporting on this Form ADV, you must complete a separate Schedule D Page 3 for each acquired firm. See Part 1A Instruction 4.
No Information Filed
Section 5.I(2) Wrap Fee Programs
If you are a portfolio manager for one or more wrap fee programs, list the name of each program and its sponsor. You must complete a separate Schedule D Page 3 for each wrap fee
program for which you are a portfolio manager.
No Information Filed
Section 6.B. Description of Primary Business
No Information Filed
Section 7.A. Affiliated Investment Advisers and Broker-Dealers
You MUST complete the following information for each investment adviser with whom you are affiliated. You MAY complete the following information for each broker-dealer with whom
you are affiliated. You must complete a separate Schedule D Page 3 for each listed affiliate.
No Information Filed
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, SCHEDULE D, Page 4 Rev. 02/2005
1/20/2009 11:04:30 AM
Form ADV, Schedule D Page 4
Use this Schedule D Page 4 to report details for items listed below. Report only new information or changes/updates to previously submitted information. Do not repeat previously
submitted information.
Section 7.B. Limited Partnership Participation or Other Private Fund Participation
You must complete a separate Schedule D Page 4 for each limited partnership in which you or a related person is a general partner, each limited liability company for which you or a
related person is a manager, and each other private fund that you advise.
No Information Filed
Section 10 Control Persons
You must complete a separate Schedule D Page 4 for each control person not named in Item 1.A. or Schedules A, B, or C that directly or indirectly controls your management or policies.
No Information Filed
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, SCHEDULE D, Page 5 Rev. 02/2005
1/20/2009 11:04:30 AM
Form ADV, Schedule D Page 5
Use this Schedule D Page 5 to report details for items listed below. Report only new information or changes/updates to previously submitted information. Do not repeat previously
submitted information.
Schedule D - Miscellaneous
You may use the space below to explain a response to an Item or to provide any other information.
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, DRP Pages Rev. 02/2005
1/20/2009 11:04:30 AM
CRIMINAL DISCLOSURE REPORTING PAGE (ADV)
No Information Filed
REGULATORY ACTION DISCLOSURE REPORTING PAGE (ADV)
No Information Filed
CIVIL JUDICIAL ACTION DISCLOSURE REPORTING PAGE (ADV)
No Information Filed
Bond DRPs
No Information Filed
Judgment/Lien DRPs
No Information Filed
Arbitration DRPs
No Information Filed
FORM ADV
UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION
Primary Business Name: P.W.B., INC. CRD Number: 123258
ADV - Other-Than-Annual Amendment, Execution Pages Rev. 02/2005
1/20/2009 11:04:30 AM
DOMESTIC INVESTMENT ADVISER EXECUTION PAGE
You must complete the following Execution Page to Form ADV. This execution page must be signed and attached to your initial application for SEC registration and all amendments to
registration.
Appointment of Agent for Service of Process
By signing this Form ADV Execution Page, you, the undersigned adviser, irrevocably appoint the Secretary of State or other legally designated officer, of the state in which you maintain your
principal office and place of business and any other state in which you are submitting a notice filing, as your agents to receive service, and agree that such persons may accept service on
your behalf, of any notice, subpoena, summons, order instituting proceedings, demand for arbitration, or other process or papers, and you further agree that such service may be made by
registered or certified mail, in any federal or state action, administrative proceeding or arbitration brought against you in any place subject to the jurisdiction of the United States, if the
action, proceeding or arbitration (a) arises out of any activity in connection with your investment advisory business that is subject to the jurisdiction of the United States, and (b) is founded,
directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the
Investment Advisers Act of 1940, or any rule or regulation under any of these acts, or (ii) the laws of the state in which you maintain your principal office and place of business or of any state
in which you are submitting a notice filing.
Signature
I, the undersigned, sign this Form ADV on behalf of, and with the authority of, the investment adviser. The investment adviser and I both certify, under penalty of perjury under the laws of the
United States of America, that the information and statements made in this ADV, including exhibits and any other information submitted, are true and correct, and that I am signing this
Form ADV Execution Page as a free and voluntary act.
I certify that the adviser's books and records will be preserved and available for inspection as required by law. Finally, I authorize any person having custody or possession of these books
and records to make them available to federal and state regulatory representatives.
Signature: Date: MM/DD/YYYY
JOHN ORRICO 01/20/2009
Printed Name: Title:
JOHN ORRICO PRESIDENT
Adviser CRD Number:
123258
NON-RESIDENT INVESTMENT ADVISER EXECUTION PAGE
You must complete the following Execution Page to Form ADV. This execution page must be signed and attached to your initial application for SEC registration and all amendments to
registration.
1. Appointment of Agent for Service of Process
By signing this Form ADV Execution Page, you, the undersigned adviser, irrevocably appoint each of the Secretary of the SEC, and the Secretary of State or other legally designated officer,
of any other state in which you are submitting a notice filing, as your agents to receive service, and agree that such persons may accept service on your behalf, of any notice, subpoena,
summons, order instituting proceedings, demand for arbitration, or other process or papers, and you further agree that such service may be made by registered or certified mail, in any
federal or state action, administrative proceeding or arbitration brought against you in any place subject to the jurisdiction of the United States, if the action, proceeding, or arbitration (a)
arises out of any activity in connection with your investment advisory business that is subject to the jurisdiction of the United States, and (b) is founded, directly or indirectly, upon the
provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of
1940, or any rule or regulation under any of these acts, or (ii) the laws of any state in which you are submitting a notice filing.
2. Appointment and Consent: Effect on Partnerships
If you are organized as a partnership, this irrevocable power of attorney and consent to service of process will continue in effect if any partner withdraws from or is admitted to the
partnership, provided that the admission or withdrawal does not create a new partnership. If the partnership dissolves, this irrevocable power of attorney and consent shall be in effect for
any action brought against you or any of your former partners.
3. Non-Resident Investment Adviser Undertaking Regarding Books and Records
By signing this Form ADV, you also agree to provide, at your own expense, to the U.S. Securities and Exchange Commission at its principal office in Washington D.C., at any Regional or
District Office of the Commission, or at any one of its offices in the United States, as specified by the Commission, correct, current, and complete copies of any or all records that you are
required to maintain under Rule 204-2 under the Investment Advisers Act of 1940. This undertaking shall be binding upon you, your heirs, successors and assigns, and any person
subject to your written irrevocable consents or powers of attorney or any of your general partners and managing agents.
Signature
I, the undersigned, sign this Form ADV on behalf of, and with the authority of, the non-resident investment adviser. The investment adviser and I both certify, under penalty of perjury under
the laws of the United States of America, that the information and statements made in this ADV, including exhibits and any other information submitted, are true and correct, and that I am
signing this Form ADV Execution Page as a free and voluntary act.
I certify that the adviser's books and records will be preserved and available for inspection as required by law. Finally, I authorize any person having custody or possession of these books
and records to make them available to federal and state regulatory representatives.
Signature: Date: MM/DD/YYYY
Printed Name: Title:
Adviser CRD Number:
123258
State Registered Investment Adviser Execution Page
You must complete the following Execution Page to Form ADV. This execution page must be signed and attached to your initial application for state registration and all amendments to
registration.
1. Appointment of Agent for Service of Process
By signing this Form ADV Execution Page, you, the undersigned adviser, irrevocably appoint the legally designated officers and their successors, of the state in which you maintain your
principal office and place of business and any other state in which you are applying for registration or amending your registration, as your agents to receive service, and agree that such
persons may accept service on your behalf, of any notice, subpoena, summons, order instituting proceedings, demand for arbitration, or other process or papers, and you further agree
that such service may be made by registered or certified mail, in any federal or state action, administrative proceeding or arbitration brought against you in any place subject to the
jurisdiction of the United States, if the action, proceeding, or arbitration (a) arises out of any activity in connection with your investment advisory business that is subject to the jurisdiction of
the United States, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the
Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these acts, or (ii) the laws of the state in which you maintain your principal
office and place of business or of any state in which you are applying for registration or amending your registration.
2. State-Registered Investment Adviser Affidavit
If you are subject to state regulation, by signing this Form ADV, you represent that, you are in compliance with the registration requirements of the state in which you maintain your principal
place of business and are in compliance with the bonding, capital, and recordkeeping requirements of that state.
Signature
I, the undersigned, sign this Form ADV on behalf of, and with the authority of, the investment adviser. The investment adviser and I both certify, under penalty of perjury under the laws of the
United States of America, that the information and statements made in this ADV, including exhibits and any other information submitted, are true and correct, and that I am signing this
Form ADV Execution Page as a free and voluntary act.
I certify that the adviser's books and records will be preserved and available for inspection as required by law. Finally, I authorize any person having custody or possession of these books
and records to make them available to federal and state regulatory representatives.
Signature Date MM/DD/YYYY
JOHN ORRICO 01/20/2009
CRD Number
123258
Printed Name Title
JOHN ORRICO PRESIDENT