Overview
Crew Capital Management, Ltd. (“CCM”) is a Registered Investment Adviser with the
Securities and Exchange Commission (“SEC”). CCM was founded by Robert F. Jung,
CFA, CPA, in January 2003. As of January 1, 2017, CCM was assigned 100% ownership
to RFJ Holdings Inc. RFJ Holdings Inc. is a S Corporation owned by Robert F. Jung. CCM
provides investment counsel and portfolio management on a “fee only” basis. CCM
does not collect or receive commission revenue. CCM uses unaffiliated companies for
custodial and other administrative services.
CCM obtains investor profile data from clients to assist in the selection of suitable
investments, asset allocations and portfolio management. Investment strategy is
based on the client’s specific goals, risk tolerance, tax status and financial situation.
Clients of CCM may restrict investment in certain securities or types of securities. CCM
cannot control the restricted investment in funds it may utilize in the client’s
portfolios.
CCM also works with clients to implement an investment program in which client
accounts are sub-managed by independent third-party money managers. More
specifically, Crew will assist clients in determining the appropriate allocation of the
clients’ invested assets among different asset classes, and in turn may recommend one
or more third-party money managers who specialize in each of those asset classes.
The third-party managers will be responsible for continuously monitoring the client
account and making trades when necessary.
CCM also provides financial planning services. CCM defines financial planning as
Retirement Planning, Cash Flow Planning, Estate Planning, Income Risk Planning (Life
and Disability Insurance) and Tax Planning. Financial Planning clients are charged an
hourly or flat fee negotiated and agreed upon before the start of planning.
As part of our investment advisory services to you, we may recommend that you
withdraw the assets from your employer's retirement plan and roll the assets over to
an individual retirement account ("IRA") that we will manage on your behalf. If you
elect to roll the assets to an IRA that is subject to our management, we will charge you
an asset-based fee as set forth in the agreement
you executed with our firm. This
practice presents a conflict of interest because persons providing investment advice
on our behalf have an incentive to recommend a rollover to you for the purpose of
generating fee-based compensation rather than solely based on your needs. You are
under no obligation, contractually or otherwise, to complete the rollover. Moreover,
if you do complete the rollover, you are under no obligation to have the assets in an
IRA managed by our firm.
Many employers permit former employees to keep their retirement assets in
their company plan. Also, current employees can sometimes move assets out of their
company plan before they retire or change jobs. In determining whether to complete
the rollover to an IRA, and to the extent the following options are available, you should
consider the costs and benefits of: 1)) Leaving the funds in your employer's (former
employer's) plan; 2) moving the funds to a new employer's retirement plan; 3)
cashing out and taking a taxable distribution from the plan; and/or 4) rolling the funds
into an IRA rollover account. Each of these options has advantages and disadvantages
and before making a change we encourage you to speak with your CPA and/or tax
attorney. Our recommendations may include any of them, depending on what we feel
is in your best interest.
We are fiduciaries under the Investment Advisers Act of 1940 and when we provide
investment advice to you regarding your retirement plan account or individual
retirement account, we are also 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. As a fiduciary, we are
required to document the reason(s) for why the recommendation we made is in your
best interest.
Beginning in November 2022 CCM established a new offering under the name
Insurance Diligence Solutions (“IDS”). IDS provides third-party investment advisory
diligence and oversight for private placement life insurance companies.
As of December 31, 2023, CCM had discretionary assets under management in the
amount of $183,099,087.05. CCM does not currently manage any non- discretionary
assets.