Fees and Compensation — Form ADV Part 2A (3/23/2016)
[Brochure]
Item 5 Fees and Compensation
As fully described in the respective individually negotiated investment management
agreements with the clients, Concerto’s fees comprise management fees, which are
based on the level of the assets under management, and performance fees, which are
based on the actual appreciation, taking into account both realized and unrealized
appreciation, in the client account.
All fees for managed accounts are subject to negotiation and are established pursuant
to each account’s respective investment management agreement.
Account Minimums and Types of Clients — Form ADV Part 2A (3/23/2016)
[Brochure]
Item 7 Types of Clients
Concerto generally provides investment advice to separately managed accounts.
The minimum investment required to set up a managed account will vary according to
the estimated expenses that would be associated with the account. Once a managed
account is established, the incremental investment for such respective managed
account would typically be $1,000,000, although smaller increments might be
considered.
Concerto currently has four clients, all of which are separately managed accounts. In
the future, Concerto may be the investment adviser of other investment partnerships,
vehicles, accounts and funds, with strategies similar to or different from that of the
managed accounts.