Overview
A. Description of Advisory Firm
Tigress Financial Partners, LLC (hereinafter “TFPL”) offers the following services to advisory
clients:
B. Description of Advisory Services
TFPL participates in and sponsors a wrap fee program, which allows TFPL to manage client accounts
for a single fee that includes both portfolio management services and brokerage costs. The fee schedule
is set forth below:
Total Assets Under Management Annual Fee
$0 - $249,999 2.25%
$250,000 - $499,999 2.00%
$500,000 - $999,999 1.75%
$1,000,000 - $4,999,999 1.50%
$5,000,000 - $9,999,999 1.25%
$10,000,000 - And Up 1.00%
These fees are negotiable depending upon the needs of the client and complexity of the situation and
the final fee schedule is attached as Exhibit II of the client contract. TFPL uses the last business day of
the previous month for purposes of determining the market value of the assets upon which the
advisory fee is based.
Advisory fees are withdrawn directly from the client’s accounts with client’s written authorization or
may be invoiced to the client and paid by check and clients may select the method in which they are
billed. Advisory fees are withdrawn directly from the client’s accounts with client written
authorization. Fees are paid monthly in advance. Refunds are given on a prorated basis, based on the
number of days remaining in the billing period on the effective date of termination. The fee refunded
will
be the balance of the fees collected in advance minus the daily rate* times the number of days in
the billing period up to and including the effective date of termination. (*The daily rate is calculated by
dividing the annual fee by 365).
Clients may terminate the contract without penalty, for full refund, within five business days of signing
the contract. Thereafter, clients may terminate the contract with thirty days’ written notice.
C. Contribution Cost Factors
The program may cost the client more or less than purchasing such services separately. There are
several factors that bear upon the relative cost of the program, including the trading activity in the
client’s account, the adviser’s ability to aggregate trades, and the cost of the services if provided
separately (which in turn depends on the prices and specific services offered by different providers).
D. Additional Fees
Clients who participate in the wrap fee program will not have to pay for transaction or trading fees.
However, clients are still responsible for all other account fees, such as annual IRA fees to the custodian, and
mutual fund fees.
E. Compensation of Client Participation
Compensation received may be more than what would have been received if client paid separately for
investment advice, brokerage, and other services. Therefore, TFPL may have a financial incentive to
recommend the wrap fee program to clients.
