Introduction
Aldercrest Wealth Partners is registered with the Securities and Exchange Commission as an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about investment advisers, broker-dealers, and investing.
What investment services and advice can you provide me?
We offer financial planning and investment management services to individuals, families, and business owners. We monitor your accounts as part of our standard service and review them with you at least annually. We manage most accounts on a discretionary basis, meaning we buy and sell investments without asking you in advance, within the guidelines we agree on together.
For more detailed information, please see our Form ADV Part 2A.
Conversation starters
- Given my financial situation, should I choose an investment advisory service? Why or why not?
- How will you choose investments to recommend to me?
- What is your relevant experience, including your licenses, education, and other qualifications?
What fees will I pay?
For investment management, we charge an asset-based fee calculated as a percentage of the assets we manage, billed quarterly. Because the fee grows with your assets, we have an incentive to encourage you to increase the assets in your account. Financial planning may be offered for a fixed fee.
You may also pay custodian fees, fund expenses, and transaction costs. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time.
Conversation starter
- Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when acting as my investment adviser?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the advice we provide you.
Conversation starter
- How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Our advisors are paid a salary and may receive a bonus based on the overall success of the firm. They do not receive commissions on the investments they recommend.
Do you or your financial professionals have legal or disciplinary history?
No. Visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
Conversation starter
- As a financial professional, do you have any disciplinary history? For what type of conduct?
Additional information
You can request up-to-date information and a copy of this relationship summary by emailing sales@afternorth.com or calling 218-262-9553.
Conversation starter
- Who is my primary contact person? Who can I talk to if I have concerns about how this person is treating me?
