Description of Services and Fees
We are a registered investment adviser based in Tyrone, Georgia. We are organized as a sub-Chapter
S corporation under the laws of the State of Georgia. We have been providing investment advisory
services since 2004. Samuel Sweitzer is our principal owner. Currently, we offer the following
investment advisory services, which are personalized to each individual client:
•Portfolio Management Services
•Financial Planning Services
•Pension Consulting Services
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we," "our," and "us" refer to Anson Analytics and the words
"you," "your," and "client" refer to you as either a client or prospective client of our firm.
Portfolio Management Services
We offer discretionary and non-discretionary portfolio management services. Our investment advice is
tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio
management services, we will meet with you to determine your investment objectives, risk tolerance,
and other relevant information (the "suitability information") at the beginning of our advisory
relationship. We will use the suitability information we gather to develop a strategy that enables our
firm to give you continuous and focused investment advice and/or to make investments on your behalf.
As part of our portfolio management services, we may customize an investment portfolio for you in
accordance with your risk tolerance and investing objectives. Once we construct an investment
portfolio for you, we will monitor your portfolio's performance on an ongoing basis, and will rebalance
the portfolio as required by changes in market conditions and in your financial circumstances.
If you participate in our discretionary portfolio management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow our firm to
determine the specific securities, and the amount of securities, to be purchased or sold for your
account without your approval prior to each transaction. Discretionary authority is typically granted by
the investment advisory agreement you sign with our firm, a power of attorney, or trading authorization
forms. You may limit our discretionary authority (for example, limiting the types of securities that can be
purchased for your account) by providing our firm with your restrictions and guidelines in writing. If you
enter into non-discretionary arrangements with our firm, we must obtain your approval prior to
executing any transactions on behalf of your account.
Our fee for portfolio management services is based on a percentage of your assets we manage and is
set forth in the following fee schedule:
Assets Under Management Annual Fee
1st million1.00% on assets under management
2nd million0.85% on assets under management
3rd - 5th million0.75% on assets under management
6th - 10th million0.50% on assets under management
11th - 30th million0.35% on assets under management
31st - 50th million0.30% on assets under management
Above 51 million0.25% on assets under management
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Our annual portfolio management fee is billed and payable quarterly in arrears based on the value of
your account on the last day of the quarter. If the portfolio management agreement is executed at any
time other than the first day of a calendar quarter, our fees will apply on a pro rata basis, which means
that the advisory fee is payable in proportion to the number of days in the quarter for which you are a
client. Our advisory fee is negotiable, depending on individual client circumstances.
We require a minimum account size of $500,000 to open and maintain a portfolio management
account. At our discretion, we may combine the account values of family members living in the same
household to determine the applicable advisory fee. For example, we may combine account values for
you and your minor children, joint accounts with your spouse, and other types of related accounts.
Combining account values may increase the asset total, which may result in your paying a reduced
advisory fee based on the available breakpoints in our fee schedule stated above.
Except for 401K and similar accounts which will invoice, we will deduct our fee directly from your
account through the qualified custodian holding your funds and securities. We will deduct our advisory
fee only when you have given our firm written authorization permitting the fees to be paid directly from
your account. Further, the qualified custodian will deliver an account statement to you at least
quarterly. These account statements will show all disbursements from your account. You should review
all statements for accuracy. We will also receive a duplicate copy of your account statements.
You may terminate the portfolio management agreement upon 30-days' written notice to our firm. You
will incur a pro rata charge for services rendered prior to the termination of the portfolio management
agreement, which means you will incur advisory fees only in proportion to the number of days in the
quarter for which you are a client.
Financial Planning Services
We offer consultative financial planning services to clients who require advice on specific areas of their
finances. Our advice will address those specific areas of concern. We charge an hourly fee of $265 for
financial planning services, which is negotiable depending on the scope and complexity of the plan,
your situation, and your financial objectives. An estimate of the total time/cost will be determined at the
start of the advisory relationship. In limited circumstances, the cost/time could potentially exceed the
initial estimate. In such cases, we will notify you and request that you approve the additional fee. The
fee is due upon completion of the services rendered. We will not require prepayment of a fee more
than six months in advance and in excess of $500. We may waive financial planning fees if you
participate in our portfolio management services.
Financial planning advice is based on your financial situation at the time we present the plan to you,
and on the financial information you provide to our firm. You must promptly notify our firm if your
financial situation, goals, objectives, or needs change. You are under no obligation to act on our
financial planning recommendations. Should you choose to act on any of our recommendations, you
are not obligated to implement the financial plan through any of our other investment advisory services.
Moreover, you may act on our recommendations by placing securities transactions with any brokerage
firm.
You may terminate the financial planning agreement by providing written notice to our firm. You will
incur a pro rata charge for services rendered prior to the termination of the agreement.
Pension Consulting Services
We offer pension consulting
services to employee benefit plans and their fiduciaries based upon the
needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these
services may include an existing plan review, asset allocation advice, assistance with fund selection
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and investment options, communication and education services to plan participants, investment
performance monitoring, and/or ongoing consulting. These pension consulting services will generally
be non-discretionary and advisory in nature. The ultimate decision to act on behalf of the plan shall
remain with the plan sponsor or other named fiduciary.
Pension consulting services will be provided pursuant to the agreement entered into and within the
parameters set forth in the plan documents. Where the plan sponsor engages us to provide advice to
participants on an individual basis, such advice will be limited to general retirement planning issues,
and fund selection and asset allocation of plan assets. Fees are the same as those described in the
"Portfolio Management" section above.
We also charge an hourly fee ranging from $260 to $470 per hour for pension consulting services,
which is negotiable depending on the complexity and scope of the engagement. Depending on the
type of account, we may charge an asset-based fee ranging from 0.05% - 1.25%, which is negotiable
based on the level of services provided. Fees are due quarterly or semi-annually in advance,
depending on the client's preference.
All services, whether discussed above or customized for the plan based upon requirements from the
plan fiduciaries (which may include additional plan-level or participant-level services) shall be detailed
in a written agreement and be consistent with the parameters set forth in the plan documents.
Pension plan accounts are regulated under the Employee Retirement Income Securities Act ("ERISA").
We will provide consulting services to the plan fiduciaries as described above. Typically, the named
plan fiduciary must make the ultimate decision as to retaining the services of such investment advisers
as we may recommend. The plan fiduciary is free to seek independent advice about the
appropriateness of any recommended services for the plan.
Either party to the pension consulting agreement may terminate the agreement upon 30-days' written
notice to the other party. The pension consulting fees will be prorated for the quarter in which the
termination notice is given and any unearned fees will be refunded to the client.
Retirement Plans and Plan Participants
As disclosed above, we offer various levels of advisory and consulting services to employee benefit
plans ("Plan") and to the participants of such plans ("Participants"). The services are designed to assist
plan sponsors in meeting their management and fiduciary obligations to Participants under the
Employee Retirement Income Securities Act ("ERISA"). Pursuant to adopted regulations of the U.S.
Department of Labor, we are required to provide the Plan's responsible plan fiduciary (the person
who has the authority to engage us as an investment adviser to the Plan) with a written statement of
the services we provide to the Plan, the compensation we receive for providing those services, and our
status, which is described in the status section below.
The services we provide to your Plan are described under Pension and Consulting Services, above,
and in the service agreement that you sign. Our compensation for these services is described in Item 4
in this brochure and also in the service agreement. We do not reasonably expect to receive any other
compensation, direct or indirect, for the services we provide to the Plan or Participants, unless the plan
sponsor directs us to deduct our fee from the plan or directs the plan record-keeper to issue payment
for our fee out of the plan. If we receive any other compensation for such services, we will (i) offset the
compensation against our stated fees, and (ii) we will promptly disclose the amount of such
compensation, the services rendered for such compensation and the payer of such compensation to
you.
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Status - Anson Analytics is a state registered investment adviser and represents that it is not subject
to any disqualification as set forth in Section 411 of ERISA. In performing fiduciary services, our firm is
acting as a fiduciary of the Plan as defined in Section 3(21) under the Employee Retirement Income
Security Act ("ERISA") for purposes of providing non-discretionary investment advice only.
Types of Investments
We offer advice on equity securities, corporate debt securities, commercial paper, certificates of
deposit, municipal securities, investment company securities, U.S. Government securities, options
contracts on securities, and interest in partnerships investing in real estate, and oil and gas interests.
Additionally, we may advise you on any type of investment that we deem appropriate based on your
stated goals and objectives. We may also provide advice on any type of investment held in your
portfolio at the inception of our advisory relationship.
You may request that we refrain from investing in particular securities or certain types of securities.
You must provide these restrictions to our firm in writing.
IRA Rollover Recommendations
For purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02")
where applicable, we are providing the following acknowledgment to you. When we provide
investment advice to you regarding your retirement plan account or individual retirement account, we
are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the
Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we
make money creates some conflicts with your interests, so we operate under a special rule that
requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's
provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent
advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest.
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of February 29, 2024, we provide continuous management services for $184,590,428 in client
assets on a discretionary basis, and $19,120,649 in client assets on a non-discretionary basis.