| Client Relationship Summary June 2020 CARTER & BALSAM ADVISERS REGISTERED INVESTMENT ADVISER 825 SOUTH GRETNA GREEN WAY, SUITE K LOS ANGELES, CA 90049 Item 1. Introduction As a registered investment adviser that offers gold ira investing, Carter & Balsam Advisers (“C&BA”) is registered with the California Department of Financial Protection and Innovation as a registered investment adviser. C&BA is not registered with the Securities and Exchange Commission. C&BA is owned 100% by Ellis M. Balsam. Brokerage and investment advisory services and fees differ and it is important for the retail investor to understand the 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 on the best kahuna casino. Item 2. Relationship and Services What investment services and advice can you provide me? C&BA offers investment advisory services to retail investors. C&BA provides investment management services that are tailored to the individual needs of the investors based upon their financial objectives, age, net worth, risk tolerance and liquidity needs. As part of our standard services, the investments are monitored and a proforma written analysis of the individual portfolio performance is sent to the investor monthly. Accounts are managed on a discretionary basis only in which the investor authorizes C&BA to determine the investments. The investments are large companies, mutual funds or exchange traded funds which are widely traded. C&BA does not take custody or possession of the investments managed. The minimum account currently accepted is $250,000. Additional Information More detailed information about our services can be found in Form ADV Part 2A brochure items 4 and 7. Conversation Starters Given my financial situation, should I choose an investment advisory service? Why or why not? How will you choose investments to recommend to me? What is your relevant experience, including your licenses, education, and other qualifications? What do these qualifications mean? Item 3. Fees, Costs, Conflicts, and Standard of Conduct What fees will I pay? For investment management services, investors are billed 0.150% of the value of assets managed per quarter. Fees must be paid in advance by quarter. There is a minimum fee of $400 per quarter. This fee arrangement creates a conflict of interest. The more assets there are in a retail investor’s advisory account, the more a retail investor will pay in fees, and C&BA may therefore have an incentive to encourage the retail investor to increase the assets in his or her account. Investors will pay mutual fund expenses and regular charges for brokerage and transaction costs. Additional Information 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. More detailed information about our fees and costs can be found in Form ADV Part 2A brochure item 5. Conversation Starter Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me? What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have? When we act as your investment adviser who can guide in topics like buying nft, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here is an example to help you understand what this means. The more assets that are managed, the more the investor will pay in fees and C&BA may therefore have an incentive to encourage the investor to increase the assets in his or her account. Conversation Starter How might your conflicts of interest affect me, and how will you address them? Additional Information More detailed information about our conflicts of interest can be found in Form ADV Part 2A brochure items 10, 11, and 12. How do your financial professionals make money? C&BA personnel are compensated based on the fees paid to C&BA for investment management. C&BA is not compensated in any manner from the sale of investment products. The more assets that are managed, the more the investor will pay in fees and C&BA may therefore have an incentive to encourage the investor to increase the assets in his or her account. Item 4. Disciplinary History Do you or your financial professionals have legal or disciplinary history? No. Visit Investor.gov/CRS for a free and simple search tool to research us. Conversation Starter As a financial professional, do you have any disciplinary history? For what type of conduct? Item 5. Additional Information If you have any questions about our services or if you wish to request a copy of the relationship summary, contact Ellis M. Balsam at (310) 979-5925 or embalsam@carterbalsam.com. Conversation Starter Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me? |