Overview
A. Who is FAM?
Fund Asset Managers, LLC (“FAM,” the “Firm,” “we,” “us,” or “our”) offers investment advice and financial planning
services on individual securities and portfolios of securities. The Firm was founded in March 2023 in Reno, NV and is
indirectly owned by Gregory H. Skidmore and Brandon Lacoff through a Connecticut Limited Liability Company,
Belpointe Financial Holdings, LLC.
B. What services do you offer?
FAM serves as the Portfolio Manager to a selection of special purpose vehicles (collectively, the “SPVs” or “FAM
SPVs”)based upon their respective investment objectives. The FAM SPVs are listed here:
● Chileno Bay Bertram SPV, LLC
● Chileno Bay Bertram SPV V, LLC
Pursuant to the terms of an investment management agreement among the Portfolio Manager and the SPVs (the
“Investment Management Agreement”), the Portfolio Manager is responsible for certain investment management and
administrative responsibilities with respect to the SPVs and will bear certain expenses associated with running its business
and the business of the SPVs. The Portfolio Manager will be responsible for and will pay, or cause to be paid, all of its
ordinary overhead expenses, including rent, furniture, fixtures, equipment, office supplies, clerical expenses and all
salaries, bonuses and benefits paid to, or on behalf of, personnel of the Portfolio Manager.
The interests are not and will not be registered with the Securities and Exchange
Commission (the “SEC”) in reliance upon
an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). As a
result, the transferability of the interests will be restricted.
The SPVs are not registered, and do not intend to register, as investment companies pursuant to the Investment Company
Act of 1940, as amended (the “Investment Company Act”), in reliance upon the exclusion afforded by Section 3(c)(7) or
Section 3(c)(1) thereof. In general, Section 3(c)(7) permits private investment companies to sell their interests, on a private
placement basis, to an unlimited number of “qualified purchasers.” Section 3(c)(1) exemption is for private offerings with
a restriction of no more than 100 qualified purchasers.
FAM's discretionary authority also authorizes us to enter into subadvisory relationships in which FAM is contracted by
other third-party registered investment advisers (“Third-Party Advisers”) to provide research, advice, and guidance or
investment management services in regard to assets such Third-Part Advisers manage for clients in single-purpose vehicles
or private funds (collectively, “subadvised funds”). In subadvisory relationships, FAM is acting on a non-discretionary
basis.
FAM does not participate in wrap fee programs.
As of November 2023, FAM managed client regulatory assets of $8,459,614 all on a discretionary basis and $0 on a
non-discretionary basis.