Customer Relationship Summary ("Form CRS")
Freestone Capital Management, LLC (“Freestone,” “us,” “we,” or “our”), or our predecessor company Freestone Capital Management, Inc., has been registered with the Securities and Exchange Commission (“SEC”) as an investment adviser since 1999. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.1 |
What investment services or advice can you provide me? |
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What fees will I pay? |
In general, we charge an annualized asset-based management fee based on the amount of your assets that we manage or advise. We assess management fees quarterly. We occasionally charge an hourly fee or flat fee for advice regarding investments or related financial or wealth planning. Hourly/flat fees are negotiated on an individual basis. Please refer to our Form ADV, Part 2A brochure for more information. With an asset-based fee, the more assets you have in your account(s), the more you will pay in fees, and we therefore have an incentive to encourage you to increase the assets in your account. The financial planning and wealth management services we provide are in conjunction with our investment advisory services, and we generally do not charge additional fees for any of these services. More information about these services can be found on our Form ADV, Part 2A brochure. In general, we charge new advisory clients a minimum annual management fee (which we waive occasionally in our sole discretion). Advisory clients referred to us by Charles Schwab typically are subject to a lower minimum annual fee. The minimum annual fee will not apply to the calendar year in which the new advisory client becomes a Freestone client. Please refer to our Form ADV, Part 2A brochure for more information regarding our annual management fee. Many existing advisory clients are subject to a different minimum fee amount or no minimum fee amount. On occasion, we charge a performance-based management fee, as opposed to an asset-based management fee. We negotiate the terms of these performance-based arrangements on a case-by-case basis and include such terms in the applicable investment management agreement. You are responsible for all fees and expenses incurred by or arising in connection with an account and the activity in an account, including without limitation custodial fees, brokerage commissions, fees and expenses charged by mutual funds and exchange traded funds, trade-away fees, clearing fees, collateral requirements, interest and taxes. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. For additional information, please see our Form ADV, Part 2A brochure (Items 5.A., B., C., and D.). For ERISA clients, also see our ERISA 408(b)(2) disclosure. Conversation Starter. Ask your financial professional: |
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How do your financial professionals make money? |
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Additional Information |
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1 This disclosure is provided to comply with the SEC’s Form CRS disclosure requirements. It does not create or modify any agreement, relationship, or obligation between Freestone Capital Management, LLC (or your client advisor). Please consult your Freestone agreements for all terms and conditions controlling your account and relationship with us.
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