A. Who is Belpointe?
Belpointe Asset Management LLC (“Belpointe,” 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 February 2007 in
Greenwich, CT 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?
We provide investment advice, including investment management and financial planning services to assist with: college
savings, retirement savings, retirement planning, income planning, preserving assets and growing assets. We also provide
investment advice to an investment company, other investment advisers, and we provide investment management and
consulting services to retirement plans. The investment management we typically provide is on a discretionary basis, which
means that clients (“you” or “your”) grant us a limited power of attorney to buy and sell securities in your account without
necessarily consulting you in advance.
Belpointe’s discretionary authority also authorizes us to enter into subadvisory and co-advisory relationships in which we
contract with 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. When
entering into a co-advisory arrangement, you will sign an advisory agreement with Belpointe and the co-advisor. The
nature of the services is dependent on Belpointe, the Third-Party Adviser and the client. Under a co-advisory arrangement,
both Belpointe and the Third-Party Adviser retain certain investment decision-making and trade implementation authority
as described in the co-advisory agreement.
C. Do you customize your services?
Yes. We believe in providing customized investment advice to clients, and each Belpointe investment advisor
representative (“Advisor”) retains the authority to implement his or her own investment and financial planning styles. Prior
to making an investment recommendation or implementing an investment strategy, we work with you to understand your
financial needs and risk tolerance.
For certain clients, Belpointe uses model portfolios together with a specific set of recommendations for each client based
on their personal restrictions, needs, and targets. If we use these model portfolios, the client will not be able to impose
restrictions on investing in certain securities or types of securities in accordance with their values or beliefs unless the
model portfolios are designed to accommodate such values or beliefs. You will be responsible for notifying us of any
updates regarding your financial situation, investment objectives, or risk tolerance and whether you wish to impose or
modify any existing investment
restrictions.
D. Do you have a program that wraps brokerage and advisory fees into one fee?
Yes. A wrap fee program is an investment program in which the client pays one stated fee that includes management fees,
transaction costs, and other administrative fees. Clients should refer to the Portfolio Managers Wrap Fee Program Brochure
and consult with their Advisor for any additional information or questions they may have with respect to the specific wrap
fee program or programs. Wrap fee programs may cost a client more or less than purchasing such services separately
through one or more non-wrap account(s), depending on the volume of trading and the size of the client’s account(s). In
general, a wrap fee program can be comparatively less expensive for actively traded accounts; conversely, non-wrap fee
programs can be comparatively less expensive for accounts in which there is minimal trading activity.
Belpointe sponsors one wrap fee program: the Portfolio Manager’s Wrap Fee Program (“PMW”). If you receive services
through a wrap fee program, you will only pay fees based on assets under management and you will not pay a separate
commission, ticket charge, or custodian fee for the execution of transactions in your account(s). Belpointe and certain
service providers, including (if applicable) the platform provider, the custodian, and portfolio manager, will receive a
portion of the fee as compensation for services.
E. What are your assets under management?
Total Assets Under Management advised on a discretionary basis is $4,300,001,520.52 as of December 31, 2023. $0 is
advised on a non-discretionary basis.
F. IRA Rollover Recommendations:
Effective December 20, 2021, for purposes of complying with the DOL’s Prohibited Transaction Exemption 2020-02 where
applicable, we are providing the following acknowledgement to you.
When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are
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. The way we make money creates some conflicts with your
interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of
yours. Under this special rule’s provisions, we must:
● Meet a professional standard of care when making investment recommendations (give prudent advice);
● Never put our financial interests ahead of yours when making recommendations (give loyal advice);
● Avoid misleading statements about conflicts of interest, fees, and investments;
● Follow policies and procedures designed to ensure that we give advice that is in your best interest;
● Charge no more than is reasonable for our services; and
● Give you basic information about conflicts of interest.