Frank, Rimerman Advisors LLC (“FRA”) is registered with the Securities and Exchange Commission as an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
We offer investment management and financial planning services to individuals, trusts, and estates. Our investment recommendations are based on the investment strategy selected by the client and advisor, and may include individual stocks and bonds, mutual funds, and exchange traded funds (“ETFs”).
As part of our investment management services, we monitor and advise on clients’ investment portfolios on an ongoing basis.
The majority of our clients grant us ongoing discretionary authority to manage their accounts, which means that we can buy and sell investments on behalf of our clients without seeking permission on a trade by trade basis. For clients with whom we provide non-discretionary services, clients make the ultimate decision regarding the purchase or sale of investments.
For investment management services, we have a minimum annual fee of $15,000.
More detailed information about FRA’s services is available on Part 2 of our Form ADV, which is available at here.
For financial planning services, fees are based on hourly rates ranging between $325 – $725 per hour.
For investment management services, FRA charges clients a management fee based on assets under management. Investment management fees range between .10% and .70% annually, depending on the size of each client’s accounts. Fees are charged quarterly and are based on the value of the account on the last business day of the preceding quarter.
Additional information about our firm’s fees are included in the Fees and Compensation section of Part 2 of Form ADV, available at here.
In addition to FRA’s investment management fee, clients may bear transaction fees when we buy or sell investments. Trading fees are charged by the custodian. Trading fees may range from $5 – $50. When our firm recommends an investment in a managed account with another adviser, a mutual fund or exchange traded fund for a portion of a client’s portfolio, such advisers and investment vehicles pay their own management, transaction, and administrative fees and expenses. These fees, commonly referred to as an expense ratio, are either directly or indirectly borne by clients.
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.
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we act in your best interest and not put our interest ahead of yours. You should understand and ask us about any conflicts because they can affect the investment advice we provide you. Here is an example to help you understand what this means.
More detailed information about conflicts of interest between FRA and its clients is available on Part 2 of our Form ADV, which is available at here.
FRA’s financial professionals receive a salary. Compensation is set with the intention of attracting and retaining highly qualified professionals. Compensation is based on a variety of factors, including the number, value and complexity of accounts under management, the performance of those accounts, and client satisfaction and retention.
No, FRA and its financial professionals have not been subject to any legal or disciplinary events. You can research FRA and our financial professionals using the free and simple search tool available at Investor.gov/CRS.
Updated copies of this form, and additional information about FRA, can be found at here. You can also request an up-to-date version of the Relationship Summary, or the more detailed Part 2 of our Form ADV, by calling (650) 845-8100.
Investment Advisory Contact:
Click here to download a PDF of our Customer Relationship Summary.