Description of the Firm
Citrine Capital, LLC is a California-domiciled limited liability company formed in 2014 and doing business as
Citrine Capital. Our firm is not a subsidiary of, nor does it control another reportable financial industry
entity. We became a State-registered investment adviser in 2014 and transitioned to an SEC-registered firm
in March 2021. Citrine Capital and its associates may register, become licensed or meet certain exemptions
to registration and/or licensing within other jurisdictions where investment advisory business may be
conducted.
Item 3 - Table of Contents
Form ADV Part 2
Ryan S. Cole, CFP® and Jirayr R. Kembikian, CFP® are the firm’s Managing Partners, Co-Member Managers,
and retain controlling interest in the firm. Mr. Kembikian also serves as the firm’s Chief Compliance Officer
(supervisor).1 Further information about Mssrs. Cole and Kembikian backgrounds may be found in their
accompanying brochure supplements. Citrine Capital reports $167,498,196 in discretionary and $0 in non-
discretionary assets under management as of December 31, 2022.
Description of Services Offered
Investment Management and Comprehensive Financial Planning Services
Citrine Capital provides a combined investment advisory and comprehensive financial planning solution to
its clients. Our investment management service includes management of individually tailored investment
portfolios. Our firm provides continuous advice to a client regarding the investment of client funds based on
the individual needs of the client. Through personal discussions in which goals and objectives based on a
client's particular circumstances are established, we develop a client's personal investment policy or an
investment plan with an asset allocation target and create and manage a portfolio based on that policy and
allocation targets. We may also review and discuss a client’s prior investment history, as well as family
composition and background.
Comprehensive Financial Planning involves working one-on-one with a planner over an extended period of
time. Upon desiring a comprehensive plan, a client will be taken through establishing their goals and values
around money. They will be required to provide information to help complete the following areas of
analysis: net worth, cash flow, insurance, credit scores/reports, employee benefit, retirement planning,
insurance, investments, college planning and estate planning. Once the client’s information is reviewed,
their plan will be built and analyzed, and then the findings, analysis and potential changes to their current
situation will be reviewed with the client. Clients subscribing to this service will receive a written or an
electronic report, providing the client with a detailed financial plan designed to achieve his or her stated
financial goals and objectives. If a follow up meeting is required, we will meet at the client's convenience.
The plan and the client’s financial situation and goals will be monitored throughout the year and follow-up
phone calls and emails will be made to the client to confirm that any agreed upon action steps have been
carried out. On an annual basis there will be a full review of this plan to ensure its accuracy and ongoing
appropriateness. Any needed updates will be implemented at that time.
Account supervision is guided by the stated objectives of the client (e.g., maximum capital appreciation,
growth, income, or growth and income), as well as tax considerations. Clients may impose reasonable
restrictions on investing in certain securities, types of securities, or industry sectors. Fees pertaining to this
service are outlined in Item 5 of this brochure.
You will be provided with our current firm brochure that includes a statement involving our firm’s privacy policy,
as well as a brochure supplement about the investment advisor representative who will be assisting you. Our
firm will also ensure that we have disclosed any material conflicts of interest that could be reasonably expected
to impair the rendering of unbiased and objective advice.
Should you wish to engage Citrine Capital for any advisory service, you must first execute a written
engagement agreement; thereafter, discussion and analysis will be conducted to determine your financial
1 Refer to the end of this brochure for an explanation of designation prerequisites and continuing education requirements.
needs, goals, holdings, etc. Depending on the scope of the engagement, you may be asked to provide
current copies of the following documents early in the process:
• Wills, codicils and trusts
• Insurance policies
• Mortgage information
• Tax returns
• Current financial specifics including W-2s or 1099s
• Information on current retirement plans and benefits provided by your employer
• Statements reflecting current investments in retirement and non-retirement accounts
• Employment or other business agreements you may have in place
• Completed risk profile questionnaires or other forms provided by our firm
Our ability to provide our advisory services depends on access to important information about our clients.
Accordingly, it is necessary that you provide us with an adequate level of information and supporting
documentation throughout the term of the engagement, including, but not limited to: source of funds,
income levels, and an account holder or their legal agent’s authority to act on behalf of the account, among
other information. This helps us determine the appropriateness of our planning and/or investment
strategies for your portfolio. The information and/or financial statements you provide our firm needs to be
current and accurate. We may, but are not obligated, to verify the information you will provide, which will
then be used in the advisory process.
Financial Planning Services
Financial planning services may be as broad-based or narrowly focused as you desire. The incorporation of
most or all of the listed components allows not only a thorough analysis but also a refined focus of your
plans so that the firm is able to assist you in reaching your goals and objectives.
Cash Flow Analysis and Debt Management
A review of your income and expenses will be conducted to determine your current surplus or deficit. Based
upon the results, we will provide advice on prioritizing how any surplus should be used, or how to reduce
expenses if they exceed your income. In addition, advice on the prioritization of which debts to repay may
be provided, based upon such factors as the debt’s interest rate and any income tax ramifications.
Recommendations may also be made regarding the appropriate level of cash reserves for emergencies and
other financial goals. These recommendations are based upon a review of cash accounts (such as money
market funds) for such reserves and may include strategies to save desired reserve amounts.
Risk Management
A risk management review includes an analysis of your exposure to major risks that could have a significant
adverse impact on your financial picture, such as premature death, disability, property and casualty losses,
or the need for long-term care planning. Advice may be provided on ways to minimize such risks and about
weighing the costs of purchasing insurance versus the benefits of doing so and, likewise, the potential cost
of not purchasing insurance (“self-insuring”).
Employee Benefits
A review is conducted and analysis is made as to whether you, as an employee, are taking maximum
advantage of your employee benefits. We will also offer advice on your employer-sponsored retirement
plan and/or stock options, along with other benefits that may be available to you.
Personal Retirement
Retirement planning services typically include projections of your likelihood of achieving your financial goals,
with financial independence usually the primary objective. For situations where projections show less than
the desired results, a recommendation may include showing
you the impact on those projections by making
changes in certain variables (i.e., working longer, saving more, spending less, taking more risk with
investments). If you are near retirement or already retired, advice may be given on appropriate distribution
strategies to minimize the likelihood of running out of money or having to adversely alter spending during
your retirement years.
Tax Planning Strategies
Advice may include ways to minimize current and future income taxes as a part of your overall financial
planning picture. For example, recommendations may be offered as to which type of account(s) or specific
investments should be owned based in part on their “tax efficiency,” with consideration that there is always
a possibility of future changes to federal, state or local tax laws and rates that may impact your situation.
Personal Tax Return Preparation
Tax preparation services assist with the filing of federal and state tax returns for individuals and businesses.
Citrine Capital may ask for an explanation or clarification of some items, but we will not audit or otherwise
verify client data. The client is responsible for the completeness and accuracy of information used to
prepare the returns. Our responsibility is to prepare the returns in accordance with applicable tax laws. We
will utilize the services of a third-party accounting, bookkeeping, and tax preparation firm to facilitate the
preparation and filing of your tax return and we will work with you and the third party in order to gather the
necessary information as part of this service.
We may observe opportunities for tax savings that require planning or changes in the way the client handles
some transactions. While an engagement for tax return preparation does not include significant tax planning
services, we will share any ideas we have with you and discuss terms for any additional work that may be
required to implement those ideas.
College Funding
Advice involving college funding may include projecting the amount that will be needed to achieve post-
secondary education funding goals, along with savings strategies and the “pros-and-cons” of various college
savings vehicles that are available. We are also available to review your financial picture as it relates to eligibility
for financial aid or the best way to contribute to grandchildren, if appropriate.
Estate Planning
Our review typically includes an analysis of your exposure to estate taxes and your current estate plan, which
may include whether you have a will, powers of attorney, trusts and other related documents. We may assess
ways to minimize or avoid future estate taxes by implementing appropriate estate planning strategies such as
the use of applicable trusts. We generally recommend that you consult with a qualified attorney when you
initiate, update, or complete estate-planning activities. We may provide you with contact information for
attorneys who specialize in estate planning when you wish to hire an attorney for such purposes. From time-to-
time, we will participate in meetings or phone calls between you and your attorney with your approval or
request.
Business Consultation
We are available to assist small businesses in a variety of ways to include retirement plans, business insurance,
business strategy, practice management, general financial advice, debt management, as well as assisting you
with matters involving coordination with your financial institution, attorney or accountant.
Investment Consultation
Investment consultation services often involve providing information on the types of investment vehicles
available, employee retirement plans and/or stock options, investment analysis and strategies, asset
selection and portfolio design, as well as assisting you with your investment account if it is maintained at
another broker/dealer or custodian. The strategies and types of investments that may be recommended are
further discussed in Item 8 of this brochure.
Portfolio Management Services
You may choose to engage our firm to implement investment strategies that we have recommended to you.
Depending on your risk profile, goals and needs, among other considerations, your portfolio will involve the
employment of one or more strategies as well as either a broad range or more narrowly focused choice of
investment vehicles that are further discussed in Item 8 of this brochure, and our fee rates are noted in Item
5.
Where appropriate, we will prepare written investment guidelines reflecting your objectives, time horizon,
tolerance for risk, as well as any reasonable account constraints you may have for the portfolio. These
guidelines will be designed to be specific enough to provide future guidance while allowing flexibility to
work with changing market conditions. We will account for any reasonable restrictions you may require for
the management of your investment account(s).
We want to note that it will remain your responsibility to promptly notify us if there is any change in your
financial situation and/or investment objectives for the purpose of our reviewing, evaluating or revising
previous account restrictions or firm investment recommendations.
Investment Supervisory Services
We may recommend your account be managed by our firm and/or various selected sub-advisors we have
chosen to act as portfolio model managers through our investment supervisory services under either a
discretionary or non-discretionary agreement (defined in Item 16). The engagement may include:
• Determination of risk tolerance
• Investment strategy
• Investment guideline development
• Asset allocation
• Asset selection
• Regular monitoring
• Periodic rebalancing
The recommendation, selection and purchase of fee-only Life Insurance and Annuity Products are included
in the Investment Supervisory Services fee schedule as outlined in Item 5 of this brochure.
Educational Workshops
We offer periodic complimentary educational seminar sessions for those desiring general advice on personal
finance and investing. Topics may include issues related to general financial planning, educational funding,
estate planning, retirement strategies, implications involving changes in marital status, and various other
current economic or investment topics. Our workshops are educational in nature and do not involve the sale
of insurance or investment products. Information presented will not be based on any one person’s need nor
do we provide individualized investment advice to attendees during our general sessions.
Wrap Fee Program
The firm does not sponsor or serve as a portfolio manager in an investment program involving wrapped
(bundled) fees.
Client Assets Under Management
As of our fiscal year-end December 31, 2022 we had approximately $167 million of reportable client assets
under our management, all on a discretionary basis2
General Information
Citrine Capital does not provide legal services but does provide tax preparation services. With your prior
written consent, we will work with your attorney or accountant, should you wish not to engage with our
firm’s tax service, to assist with the coordination and implementation of accepted strategies. You should be
aware that these external professionals will charge you separately for their services and these fees will be in
addition to our own advisory fees.
Our firm will use its best judgment and good faith effort in rendering its services. Our firm cannot warrant or
guarantee the achievement of a planning goal or any particular level of account performance or that your
account will be profitable over time. Past performance is not necessarily indicative of future results.
Federal and state securities laws impose liabilities under certain circumstances on persons who act in good
faith and, therefore, nothing contained in this document or our client engagement agreement shall
constitute a waiver of any rights that a client may have under federal and state securities laws.