Investment advisers are required by law to inform their clients of their policies regarding privacy of client information. We are bound by professional standards of confidentiality that are even more stringent than those required by law. Federal law gives the customer the right to limit some but not all sharing of personal information. It also requires us to tell you how we collect, share, and protect your personal information.
We collect non public personal information about you that is either provided to us by you or obtained by us with your authorization. This can include but is not limited to your Social Security Number, Date of Birth, Banking Information, Financial Account Numbers and/or Balances, Sources of Income, and Credit Card Numbers or Information. When you are no longer our customer, we may continue to share your information only as described in this notice.
All Investment Advisers may need to share personal information to run their everyday business. In the section below, we list the reasons that we may share your personal information:
If you area new customer we may begin sharing your information on the day you sign our agreement. When you are no longer our customer, we may continue to share your information as described in this notice. However, you can contact us at anytime to limit our sharing.
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law, including computer safeguards and secured files and building.
Federal law allows you the right to limit the sharing of your NPI by “opting-out” of the following: sharing for non-affiliates’ everyday business purposes – information about your credit worthiness; or sharing with affiliates or non-affiliates who use your information to market to you. State laws and individual companies may give you additional rights to limit sharing. Please notify us immediately if you choose to opt out of these types of sharing.
DEFINITIONS: Affiliates – companies related by common ownership or control. They can be financial and non-financial companies; Non-affiliates – companies not related by common ownership or control. They can be financial and non-financial companies; Joint marketing – a formal agreement between non-affiliated financial companies that together market financial products or services to you.
This policy does not govern the operation of our websites for Tigris’s Consulting US investors.
Our Sites use a variety of technologies, such as cookies, web beacons, and similar mechanisms, as described further below, to collect information that helps us understand how our Sites are used. When you visit our Sites, you have the ability to accept or decline these cookies and other tracking mechanisms, except those that are strictly necessary in order for you to enter and use the Sites.
cookie is a small file of letters and numbers that is stored on your computer, tablet, mobile phone, or other device when you visit a website. Cookies contain information that is transferred to or read on your device and allow websites to recognize devices and store certain information, such as user preferences. Cookies are used to distinguish you from other users of our Sites. This helps us to provide you with a useful experience when you browse our Sites and also allows us to improve our Sites. We and our third-party service providers use session cookies, which link your actions during a particular browser session and expire at the end of that session, as well as persistent cookies, which remain on your device and allow us to remember your actions or preferences across multiple browser sessions.
The cookies used on our Sites are categorized as follows:
Strictly Necessary (including analytics) "Strictly Necessary" cookies let you enter and move around the Sites and use essential features. Without these cookies, services and information you have asked for cannot be provided. We use these Strictly Necessary cookies to identify you as having confirmed your eligibility to enter and use our Sites, and to make sure you connect to the right service on our Sites when we make any changes to the way the Sites work. These cookies are also used to help us improve how our Sites work and understand what interests our users. We use Strictly Necessary cookies for error management, to help us improve our Sites by measuring any errors that occur. We also use these cookies for website analytics, by collecting, either directly or through third-party service providers, a variety of technical and navigational information, including as applicable: your computer or device type; operating system version; browser type and version; user agent string; internet connection type; mobile network provider; date and time of your visit; time since your last visit; web pages you view; links you click; searches conducted on the Sites; the internet protocol (IP) address used to access our Sites; your general geographic location (e.g. your city, postal code, or metropolitan region); and the website visited before our Sites. This information may be used, for example, to alert you to software compatibility issues or to resolve technical or service problems. We also analyze this information, with the assistance of our service providers, to improve our web design and functionality and to enhance our ability to serve you and your accounts.
Once we schedule a free online or in-person consultation, we will spend approximately 45 minutes to inform you thoroughly about the investment model and answer any potential questions. If you decide to become a client, the following steps will be undertaken: FIRST WE’LL ASK YOU A FEW EASY QUESTIONS… That way we can get to know you and your financial situation a little better, and we can begin building you a portfolio that is custom-tailored to your age, goals, and risk-tolerance. NEXT, WE’LL SHOW YOU THE PORTFOLIO. WE’VE CUSTOM-BUILT JUST FOR YOU...
THEN YOU CAN SIMPLY SIT BACK, RELAX, AND LET US MANAGE YOUR PORTFOLIO FOR YOU!
After you accept the personalized portfolio we have designed for you, we’ll send you over to our partners at Interactive Brokers or American Funds with everything you need to open and fund your brokerage account.
MANY CUSTOMERS HAVE BEEN ASKING WHY TIGRIS CONSULTING CHOSE INTERACTIVE BROKERS AND AMERICAN FUNDS AS OUR EXCLUSIVE PARTNERS...
The American Funds is a division of privately owned Capital Group, which was founded in 1931. Based in Los Angeles, Capital Group is the nation's eleventh-largest asset manager, with $1.87 trillion in assets under management (AUM) as of March 2019. American Funds offers choices in the equity, equity income, asset allocation, and fixed-income classes of funds. Asset allocation funds targeted to specific retirement years are one of the firm's highly rated specialties. The funds are actively managed by portfolio managers who pay attention to value and keeping turnover rates low.
Acting as custodian for the clients’ assets and accounts, American Funds charges no transaction fees during the process of buying and selling shares for the retirement accounts.
And while it’s true that Barron’s recently named Interactive Brokers as the No. 1 discount online brokerage in the world for several years running.
The truth of the matter is that after countless hours research, Tigris Consulting ultimately selected Interactive Brokers as our exclusive partner for accounts management because of their:
Transaction fees typically run about USD 0.005 per share of ETF or Stock — meaning if the Tigris Consulting team buys or sells 100 shares of ETF on your behalf, the total fees that would be paid to Interactive Brokers out of your account would amount to just USD 1.00 – as minimum per trade and maximum of 0.5% of trade value. (Please note that for any accounts with balances of less than $100,000, Interactive Brokers will impose a $10 monthly minimum trading fee.) As you might imagine, these are among the absolute lowest trading fees you’ll ever see. And as you probably well know, it’s not uncommon to pay upwards of $10 anytime you trade any number of shares in your own brokerage account. And it’s just one of the many reasons we’re confident you’ll be just as impressed with Interactive Brokers as we have been. Which bring us to another very important point ... while you will be giving Tigris Consulting permission to make trades on your behalf, all of your money and investments will actually be held by Interactive Brokers — and the only person who will ever be able to touch the money in your account will be YOU. This is just another of the many steps Tigris Consulting has happily taken to enhance transparency and ensure that what we’re offering is as straightforward, secure, and as friendly as possible. Granted, this does mean that if the account you want to have managed is held at a different brokerage — like Schwab, Fidelity, or TD Ameritrade — you will have to transfer your account over to Interactive Brokers in order to have Tigris Consulting team manage it for you. While we realize this may sound a bit daunting, you can rest assured that Tigris Consulting team will provide you with all the necessary paperwork and absolutely everything else you need to make this transition as smooth and efficient as possible.
Tigris Consulting charges annual fee of 1.8% from the total assets under management, with minimum account value of $250 for retirement account and $10,000 for all other types. (Example of annual fee: $180 for 10,000, and $1800 for 100,000.) We do not make commissions on any of the investments we recommend, as we are fee-only advisory firm.
Date: June 27, 2020
Name: Tigris Consulting, LLC
Registered with the Securities and Exchange Commission as an Investment Advisor
Brokerage and investment advisory services and fees differ, and it is important you understand those differences. Free and simple tools are available to research firms and financial professionals at www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisors, and investing.
We are a Registered Investment Advisor (RIA) and in that capacity you should expect us to manage a portfolio of securities. Once you become a client, you will be asked to sign an investment advisory contract. Depending on which service you select, our asset allocation services are either “nondiscretionary” (we recommend investments to you, and you make the ultimate decision regarding the purchase or sale of investments) or “discretionary” (we make the ultimate investment decisions without your signoff). Available investments may include mutual funds, exchange-listed equity securities, commingled funds, individual stocks and exchange traded commodity funds.
For the discretionary type of contract, we’ll ask you to answer the investor profile questionnaire to understand your investment time horizon and risk tolerance. Based on what we learn from the questionnaire, we’ll recommend a portfolio of investment that is monitored at least quarterly.
We are a fee-only advisor, not a broker-dealer, financial planner nor are we involved with wrap free programs. There is an account minimum of $3,000 for non-retirement brokerage accounts, which may be reduced by Tigris Consulting in its discretion, and $250 for IRA accounts. The funds will have to be deposited into a qualified custodians; Interactive Brokers LLC and Capital Group (American Funds) are our preferred custodians, please see Item 12: Brokerage Practices from our Form ADV Part 2A Brochure , which is available online at https://adviserinfo.sec.gov/firm/summary/284070
You should expect to pay a fee for investment advisory services every quarter. You agree to this fee when you sign your investment advisory contract. We charge fixed rate of 1.8% annually from the total assets under our management which is the value of the investments in your account. These fees are generally negotiable and the final fee schedule is attached as exhibit of the investment advisory contract. Your fee will be automatically deducted from your custodial account following the end of each calendar quarter. This fee is in addition to any other fees that may be incurred, including ETF fees, mutual fund fees, transactions and other fees that are not charged by us.
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. Please make sure you understand what fees and costs you are paying.
Additional information about our fees is in Item 5 of our Firm Brochure, which is available online at https://adviserinfo.sec.gov/firm/summary/284070
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 investment advice, we provide you. Here are some examples to help you understand what this means:
As a fee-only adviser, a conflict of interest may exist any time we recommend that you keep your assets under our management rather than remove your assets from our management. Examples could include recommending that you rollover an account into an account managed by our firm, or recommending that your assets remain in your account rather than satisfying a debt obligation.
Our firm receives support services from our custodians that could include investment-related research, pricing information and market data, software and other technology that provide access to your account data, compliance and/or practice management-related publications, meetings, and other educational and/or social events, marketing support. You should be aware, however, that the receipt of economic benefit by our firm or its related persons in and of itself creates a potential conflict of interest and may indirectly influence our choice of custodian for custody and brokerage services.
Additional information about our conflicts of interest is in Item 10 of our Firm Brochure, which is available online at https://adviserinfo.sec.gov/firm/summary/284070
Our financial professionals are paid based only on the revenue our firm earns from advisory services.
No, our firm and financial professionals do not have any legal and disciplinary history to disclose. Visit www.investor.gov/CRS for a free and simple search tool to research our firm and our financial professionals.
You can find additional information about our firm’s investment advisory services on the SEC’s website at www.adviserinfo.sec.gov by searching the firm CRD #284070. You may also contact our firm at 940-600-4222 to request a copy of this relationship summary and other up-to-date information.
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