Form CRS

Colbert Investment Management

Customer Relationship Summary

(Form CRS Disclosure)

June 23, 2020

 

Introduction

Colbert Investment Management Co. (“Colbert IM”) is an investment adviser registered with the Securities and Exchange Commission. We feel this it is important for you to understand how advisory and brokerage services and fees differ in order to determine which type of account is right for you. There are free and simple tools available to research firms and financial professionals at www.investor.gov/CRS which also provides educational materials about investment advisers, broker-dealers and investing.

 

What Investment Services and advice can you provide me?

As an SEC registered investment adviser, Colbert IM offers its investment management services to retail investors for an ongoing asset-based fee based on the value of cash and investments in your account. If you open an account with our firm, we’ll meet with you to understand your current financial situation, existing resources, goals, and risk tolerance. Based on what we learn, we’ll recommend a portfolio of investments that is regularly monitored (at least annually), and if necessary, rebalanced to meet your changing needs, stated goals and objectives. Our accounts are managed on a discretionary basis which means we don’t need to call you when buying or selling in your account. You will sign an investment management agreement giving us this authority. This agreement will remain in place until you or we terminate the relationship. Colbert IM also has an extremely limited number of non-discretionary accounts where the client makes the ultimate decision regarding the purchase or sale of investments. Additional information about our advisory services is located in Item 4 of our Firm Brochure.

 

Ask one of our financial professionals the following questions:

        • 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?

 

What fees will I pay?

Fees and costs affect the value of your account over time. You will be charged an ongoing fixed fee that is calculated quarterly based on the value of the investments in your account. For detailed information, refer to our Form ADV Part 2A by clicking this link https://adviserinfo.sec.gov/firm/brochure/108642 . Our incentive is to increase the value of your account over time which will increase our fees over time. The quarterly fees will be automatically deducted from your account. 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. The broker-dealer (custodian) that holds your assets can charge you a transaction fee when we buy or sell an investment for you. The broker-dealer’s transaction fees are in addition to our advisory fee for our investment advisory service. You could also pay charges imposed by the broker-dealer holding your accounts for certain investments and maintaining your account. Some investments, such as mutual funds and exchange traded funds charge additional fees that will reduce the value of your investments over time. Additional information about our fees is located in Item 5 of our Firm Brochure.

 

Questions to Ask Us:

        • Help me understand how these fees and costs will 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, 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. In addition to our advisory fees, we may make money from our investment advisory services in the following ways: Refer to our Form ADV Part 2A Items 10 and 12 to help you understand what conflicts exist.

 

Questions to Ask Us:

        • How might your conflicts of interest affect me, and how will you address them?

 

How do your financial professionals make money?

Our financial professionals are employees of the firm and are paid a salary based specifically upon the contributions of the employee to firm assets under management.

 

Do you or your financial professionals have legal or disciplinary history?

No, neither our firm nor our financial professionals have any legal or disciplinary history. Visit www.Investor.gov/CRS for a free and simple search tool to research our firm and our financial professionals.

 

 Questions to Ask Us:

        • As a financial professional, do you have any disciplinary history?

For what type of conduct?

 

Additional Information You can find additional information about our firm’s investment advisory services on the SEC’s website at www.adviserinfo.sec.gov by clicking on the FIRM tab and then searching CRD #108642. If you would like additional, up-to-date information or a copy of this disclosure, please call (305) 400-9982.

 

Questions to Ask Us:

        • 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?

Contact me

Let me help you. Please call us or contact me directly by submitting the form to your right. Thank you!