The Rikoon Group, LLC (“The Rikoon Group” or “Advisor”) is registered as an investment advisory firm under the
United States Securities and Exchange Commission (“SEC”).
The Rikoon Group, which was initially known as Rikoon Investment Advisors, Inc., and subsequently known as
Rikoon‐Carret Investment Advisors and Rikoon‐Carret Wealth Management Group, was partially acquired by The
Edelman Financial Group Inc. (TEFG) (formerly Sanders Morris Harris Group, Inc.) in 2007. In December 2012, TEFG
acquired the remaining portion. In 2014, TEFG changed their name to Pinnacle Summer Investments, Inc. Rikoon
Investment Advisors, Inc was established in 1987 by Robert A. Rikoon. Following the acquisition by TEFG, the
name was changed to The Rikoon Group. The Rikoon Group is now wholly owned by Hightower Holding, LLC.
Non‐Discretionary Investment Supervisory Services
The Rikoon Group provides Investment Supervisory Services which involves ongoing and continuous portfolio
management services. These services include providing investment advice specific to non‐publicly traded assets
or Unaffiliated Private Investments currently held by clients.
Investment decisions and ongoing investment supervision are guided by the client’s stated individual needs, goals,
objectives, time horizons, risk tolerance and suitability established via a data‐gathering and discussion process.
The Advisor assumes the information disclosed by clients in this data‐gathering and discussion process is complete
and accurate. If the client chooses to withhold information, the client must understand that comprehensive
investment needs/objectives may not be fully considered.
The Rikoon Group believes that client participation in the investment process is critical. Clients are advised to
promptly notify The Rikoon Group if there are any changes in their financial situation or investment objectives,
or if they wish to impose any reasonable restriction upon the Advisor’s management services.
If an Investment Management Agreement includes related clients (e.g. husband and wife, life partners, etc.), our
services will be based upon the joint goals communicated to us by either party. We are permitted to rely upon
instructions from either party with respect to disposition of the assets, unless and until such reliance is revoked
in writing to us. We are not responsible for any claims or damages resulting from such reliance or from any change
in the status of the relationship between the clients.
Clients or The Rikoon Group may terminate the Investment Supervisory services immediately upon receipt of a
30‐day written notice.
The Rikoon Group does not participate in a wrap fee program.
As of 12/31/2023 the Rikoon Group oversaw $88,268,061 of clients’ assets on a non‐discretionary basis.
Financial Consultation Services
The Rikoon Group is available to provide Financial Consultation Services on an hourly, project or annual basis.
Prior to engaging the Advisor to provide financial consulting services, a client will generally (depending upon the
level and/or scope of services to be provided) be required to enter into an Investment Supervisory Agreement
setting forth the terms and conditions of the engagement and describing the scope of the services to be
provided.
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The Rikoon Group does not consider itself a comprehensive financial planner but can provide assistance in
connection with various components of financial planning as part of these services, if desired.
The Rikoon Group does not provide tax or legal advice. Clients requiring assistance on issues outside of financial
and investment advisory topics should consult their personal tax advisor, legal counsel, or other professionals for
expert opinions.
MISCELLANEOUS
Non‐Investment Consulting/Implementation Services. To the extent specifically requested, The Rikoon Group
may provide consulting services regarding non‐investment related matters, such as tax and estate planning,
insurance, etc. Please Note: The Rikoon Group does not serve as an attorney, accountant, or insurance agent,
and no portion of our services should be construed as same. Accordingly, The Rikoon Group does not prepare
legal documents, prepare tax returns, or sell insurance products. To the extent requested by a client, we may
recommend the services of other professionals for non‐investment implementation purpose (i.e. attorneys,
accountants, insurance, etc.). The client is under no obligation to engage the services of any such recommended
professional. The client retains absolute discretion over all such implementation decisions and is free to accept
or reject any recommendation from The Rikoon Group and/or its representatives. Please Also Note: If the client
engages any professional (i.e. attorney, accountant, insurance agent, etc.), recommended or otherwise, and a
dispute arises thereafter relative to such engagement, the client agrees to seek recourse exclusively from the
engaged professional. At all times, the engaged licensed professional[s] (i.e. attorney, accountant, insurance
agent, etc.), and not The Rikoon Group, shall be responsible for the quality and competency of the services
provided.
Client Obligations. In performing its services, The Rikoon Group shall not be required to verify any information
received from the client or from the client’s other professionals, and is expressly authorized to rely thereon.
Moreover, each client is advised that it remains his/her/its responsibility to promptly notify
The Rikoon Group if
there is ever any change in his/her/its financial situation or investment objectives for the purpose of
reviewing/evaluating/revising The Rikoon Group's previous recommendations and/or services.
Please Note: Investment Risk. Different types of investments involve varying degrees of risk, and it should not be
assumed that future performance of any specific investment or investment strategy (including the investments
and/or investment strategies recommended or undertaken by The Rikoon Group) will be profitable or equal any
specific performance level(s).
Unaffiliated Private Investment Funds. The Rikoon Group primarily provides investment advice regarding
unaffiliated private investment vehicles. The Rikoon Group, on a non‐discretionary basis, may recommend that
certain qualified clients consider an investment in unaffiliated private investment. The Rikoon Group’s role relative
to the private investment funds shall be limited to its initial and ongoing due diligence and investment monitoring
services. If a client determines to become a private fund investor, the amount of assets invested in the fund(s)
shall be included as part of The Rikoon Group’s investment advisory fee. The Rikoon Group's clients are under
absolutely no obligation to consider or make an investment in a private investment fund(s). Employees of The
Rikoon Group may also invest in the same private investment vehicles in which clients invest.
Please note that private investments generally involve various risk factors, including, but not limited to,
potential for loss of principal, liquidity constraints and lack of transparency, a complete discussion of
which is set forth in each vehicle's offering documents, which will be provided to each client for review
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and consideration. Unlike liquid investments that a client may maintain, private investments do not
provide daily liquidity or pricing. Each prospective client investor will be required to complete a
Subscription Agreement, pursuant to which the client shall establish that he/she is qualified for
investment in the fund, and acknowledges and accepts the various risk factors that are associated with
such an investment.
In the event that The Rikoon Group references private investment funds owned by the client on any
supplemental account reports prepared by The Rikoon Group, the value(s) for all private investment funds
owned by the client shall reflect the most recent valuation provided by the fund sponsor. If the fund
sponsor does not provide a post‐purchase valuation, then the valuation shall reflect the initial purchase
price (and/or a value as of a previous date) or the current value(s) (either the initial purchase price and/or
the most recent valuation provided by the fund sponsor). If the valuation reflects the initial purchase
price (and/or a value as of a previous date), then the current value(s) (to the extent ascertainable) could
be significantly more or less than the original purchase price.
Custodian Charges‐Additional Fees: As discussed below at Item 12 below, when requested to recommend a
broker‐dealer/custodian for client accounts related to non‐publicly traded assets or Unaffiliated Private
Investments, The Rikoon Group generally recommends Millennium Trust as the broker‐dealer/custodian for client
private assets. Custodians such as Millennium Trust charge transaction fees for effecting certain securities
transactions. In addition to The Rikoon Group’s investment management fee referenced in Item 5 below (and, to
the extent applicable, the Independent Manager’s investment management fee), the client will also incur
transaction fees to purchase securities for the client’s accounts. ANY QUESTIONS: The Rikoon Group’s Chief
Compliance Officer, Kyle Burns, remains available to address any questions that a client or prospective client
may have regarding the above.
Portfolio Activity. The Rikoon Group has a fiduciary duty to provide services consistent with the client’s best
interest. As part of its investment advisory services, The Rikoon Group will review client portfolios on an ongoing
basis to determine if any changes are necessary based upon various factors, including, but not limited to,
investment performance, fund manager tenure, style drift, account additions/withdrawals, and/or a change in the
client’s investment objective. Based upon these factors, there may be extended periods of time when The Rikoon
Group determines that changes to a client’s portfolio are neither necessary nor prudent. The Rikoon Group’s
investment management fee at Item 5 below shall remain payable during such periods of account inactivity. Of
course, as indicated below, there can be no assurance that investment decisions made by The Rikoon Group will
be profitable or equal any specific performance level(s).
Please Note: Investment Risk. Different types of investments involve varying degrees of risk, and it should not be
assumed that future performance of any specific investment or investment strategy (including the investments
and/or investment strategies recommended or undertaken by The Rikoon Group) will be profitable or equal any
specific performance level(s).
Disclosure Brochure. A copy of The Rikoon Group’s written Brochure as set forth on Part 2A of Form ADV shall be
provided to each client before, or contemporaneously with, the execution of the applicable form of client
Agreement.
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