Accurate Wealth Management, LLC (hereinafter “AWM”) provides portfolio management to clients under a
wrap fee program, as described herein, as sponsor and portfolio manager. AWM is a registered investment
adviser. Registration of an investment adviser does not imply any level of skill or training. Additional information
about Accurate Wealth Management, LLC is available on the SEC’s website www.adviserinfo.sec.gov. You can
search this site by a unique identifying number, known as a CRD number. Accurate Wealth Management, LLC’s
CRD number is 298137.
Portfolio management fees are withdrawn directly from the client’s accounts with each client’s written
authorization.
Fees are paid quarterly in advance except where fees are paid annually in arrears for performance fee based
accounts. The advisory fee is calculated using the value of the assets on the last business day of the prior
billing period. Refunds for any fees paid in advance but not yet earned will be refunded on a prorated basis
and returned within fourteen days to the client via check or return deposit back into the client’s account.
Clients may terminate the agreement without penalty and receive a full refund of AWM’s fees, within five
business days of signing the Investment Advisory Contract. Thereafter, clients may terminate the
Investment Advisory Contract generally with 30 days written notice.
Services,FeesandCompensation
Fees are generally calculated based on assets under management and will not exceed 2.5%.
Fees are negotiable.
The Adviser may receive performance-based fees with respect to certain strategies. The Adviser manages both
accounts that are charged a performance fee and accounts that are not charged a performance fee. The Adviser
may have an incentive to favor accounts that are charged a performance fee; however, the Adviser believes this
does not create a conflict of interest because accounts that are charged a performance fee are not using the same
strategy as those that are not charged a performance fee. Charging a performance fee may create an incentive
for the Adviser to make investments that are riskier or more speculative than would be the case in the absence
of a fee based on the performance of the Account.
The following are the fees applicable where we charge a performance-based fee: An annualized percentage of
the net liquidation value of the portfolio is charged. A 20% performance fee is charged annually in arrears on a
high- water mark basis. The term "high-water mark" means the highest value that an account has achieved on
previous performance fee calculation dates. Performance-based fees are only payable if an accounts
performance exceeds the high-water mark. A high-water mark ensures that if a manager loses money over a
period, they must achieve investment returns above the high-water mark before receiving a performance-based
fee. We share the performance-based fee with the Third Party Adviser.
The wrap fee program may cost the client more or less than purchasing such services separately. There are
several factors that bear upon the relative cost of the program, including
the trading activity in the client’s
account, the adviser’s ability to aggregate trades, and the cost of the services if provided separately (which
in turn depends on the prices and specific services offered by different providers).
AWM will pay third party fees (i.e., custodian fees, brokerage fees, mutual fund fees, transaction fees, etc.) for
wrap fee portfolio management accounts. AWM will charge clients one fee and pay all transaction fees using
the fee collected from the client. Accounts participating in the wrap fee program are not charged higher advisory
fees based on trading activity, but clients should be aware that AWM has an incentive to limit trading activities
for those accounts, since the firm absorbs those transaction costs.
Certain other fees are not included in the wrap fee and are paid for separately by the client. These include, but
are not limited to, margin costs, charges imposed directly by a mutual fund or exchange traded fund, fees
associated with “step out” transactions if the account uses different custodians or broker-dealers, deferred sales
charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on
brokerage accounts and securities transactions. Tax and trust service fees are not included.
AWM uses the brokerage and custody services of Schwab Advisor Services, a division of Charles Schwab & Co.,
an unrelated registered broker-dealer and member of FINRA/SIPC. Schwab has eliminated commissions for
online trades of equities, ETFs and options (subject to a per contract fee). This means that, in most cases, when
we buy and sell these types of securities, we will not have to pay any commissions to Schwab. We encourage you
to review Schwab’s pricing to compare the total costs of entering into a wrap fee arrangement versus a non-
wrap fee arrangement. If you choose to enter into a wrap fee arrangement, your total cost to invest could exceed
the cost of paying for brokerage and advisory services separately. To see what you would pay for transactions
in a non-wrap account please refer to Schwab’s most recent pricing schedules available at
schwab.com/aspricingguide.
Our firm receives certain economic benefits from custodians in the form of the support products and services
made available to our firm and other independent investment advisors that have their clients maintain accounts
at the custodians. These products and services, how they benefit AWM and the related conflicts of interest are
described in our Firm brochure (seeItem14oftheFirmbrochure). The availability of such products and services
is not based on our firm giving particular investment advice, such as buying particular securities for our clients.
Neither AWM, nor any representatives of AWM receive any additional compensation beyond advisory fees for the
participation of clients in the wrap fee program. However, compensation received may be more than what would
have been received if client paid separately for investment advice, brokerage, and other services. Therefore,
AWM may have a financial incentive to recommend the wrap fee program to clients.