Founded in 2002 with contributing business originating in
2000, CTB Financial Services, ltd. (“CTB Financial”) is a
federally-registered advisory firm offering full-service
portfolio investment services, cross-disciplinary planning and
coordination of allied professionals directly to investing
clients.
Asset Management CTB Financial manages each client’s
portfolio in light of the client’s stated goals. Clients may
specify preferences and restrictions upon establishing an
advisory relationship and at any time thereafter. Clients
who establish accounts with CTB Financial must agree that
the risks of such accounts are borne solely by the client.
CTB Financial generally will recommend and rebalance
accounts when its regular portfolio monitoring reveals
opportunities to rebalance. These rebalancing opportunities
are defined by degrees of “out-of-balance-ness” measured
against “tolerance bands,” which are set at the asset class
level of each portfolio. Tolerance bands are set depending on
the type and size of each asset class, as well as up versus
down variances. But in general, tolerance bands are set at
around a 5%-7% variance of each asset class allocation
target. Once a rebalancing opportunity is identified, CTB
Financial makes the appropriate trades to bring the portfolio
back into balance. CTB Financial carries out the
rebalancing only after all other relevant objectives are
considered and factored in, including the potential tax
impacts of such trading actions, as well as the trading costs
imposed by the custodian. As further discussed in Item 16
below, CTB Financial’s clients authorize CTB Financial to
carry out rebalancing in their accounts on a discretionary
basis within certain target allocation bands,
without
obtaining specific client consent for each transaction, unless
otherwise instructed.
CTB Financial invites clients to meet, at least annually, to
review their goals, financial planning needs, portfolio and
investment results, as well as any changes in the client’s
financial situation, investment objectives, and the ongoing
suitability of their asset allocation.
Strategic Services and Planning. Some clients engage CTB
Financial to act as a “Personal Chief Financial Officer,”
or “Personal CFO,” to coordinate a team of cross-
disciplinary financial professionals, which may include a
CPA, an estate attorney, mortgage experts, and insurance
specialists of various types, as identified by the client.
These strategic services aim to assist clients in developing
and implementing a fully integrated and synergistic
financial plan that takes personal financial objectives into
account.
In addition, CTB Financial engages in a wide variety of
planning services for its clients, including financial advice
not pertaining to investments only. Financial planning
may include income tax planning, financial goal planning
(retirement, college, etc.), estate planning, insurance
planning, business planning, and charitable giving, as well
as assistance with planning for large purchases. This list is
not exhaustive. CTB Financial does not provide legal
advice.
CTB Financial Services, ltd. is a Minnesota corporation
based in Minneapolis, Minnesota. CTB Financial has two
principal shareholders: Jonathan Liang holds a majority
interest and O. Charles Brown maintains a minority
interest. As of December 31, 2022, CTB Financial
managed total assets of $$218,319,178 on a discretionary
basis for its clients.
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