Fees and Compensation — Form ADV Part 2A (3/12/2026)
[Brochure]
Item 5. Fees and Compensation
SCM Fees:
Management Fees:
SCM typically charges an annual management fees as follows:
1.00 % - $0 to $5 million,
0.75% - $5 million to $10 million
0.50% - over $10 million.
Fees are payable quarterly in advance and shall be computed upon the aggregate market value of the Investment
Assets as of the last business day of the preceding month. If the services rendered commence on a day other than
the first day of a quarter or terminate other than on the last day of a quarter, the fee shall be pro-rated.
Performance Fees:
SCM does not charge a performance fee to its clients for its advisory services*
General Information on Fees and Disclosures:
SCM typically deducts management fees directly from IMA accounts but will follow Client’s requests for
alternative arrangements.
SCM believes its fees are competitive with fees charged by other investment advisers for comparable services.
Comparable services may be available, however, from other sources for lower or higher fees.
*Performance-based compensation and referral compensation may create an incentive for the adviser to recommend
an investment that may carry a higher degree of risk to the Client. Any performance fee will only be charged in
accordance with the provisions of CCR Section 260.234. This disclosure is provided for informational purposes
only. Please note that SCM does not charge a performance fee.
Expenses:
Each Client account is responsible for its own costs and expenses, such as:
• Trading costs and expenses (such as brokerage commissions, expenses related to short sales, and clearing
and settlement charges).
• Interest and commitment fees on loans and debit balances.
• Fees and charges of custodians, clearing agencies and banks.
SCM bears its own operating, general and administrative and overhead costs, and expenses, other than the
expenses described above.
Termination:
The holder of an IMA may typically terminate the account by giving 30 days written notice unless other terms have
been negotiated. In all cases, expenses, and the pro rata portion of the management fee through the date of
termination is charged to the Client. All prepaid but unearned advisory fees are refunded to the Client on
termination of an account.
Account Minimums and Types of Clients — Form ADV Part 2A (3/12/2026)
[Brochure]
Item 7. Types of Clients
SCM provides investment supervisory services to individually managed accounts, (“IMAs”) trusts and estates.
SCM has full authority and discretion to place brokerage orders on behalf of the Client with such broker or brokers
SCM shall select or with whom the Client selects in writing.
SCM generally requires a minimum initial investment of $1,000,000. This minimum may be waived by SCM at its
discretion.
SCM performs investment advisory services for various clients and may give advice and take action in the
performance of its duties with respect to any of its other Clients which may differ from the advice given, or the
timing or nature of action taken, with respect to various Client’s unique needs and suitability requirements.