Source: https://www.tsgadvisor.com/form-crs
Timestamp: 2020-07-08 05:09:59
Document Index: 776176726

Matched Legal Cases: ['art 2', 'art 2', 'art 2', 'art 2', 'art 2', 'art 2']

The Sterling Group – Relationship Summary (Form CRS) Effective June 30, 2020
The Sterling Group (referred to as “we” or “us”) is registered with the Securities and Exchange Commission (“SEC”) 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 advisory services to retail investors. These services include a Wrap Fee Asset Management Program, a Non-Wrap Asset Management Program, a Technology-Enhanced Asset Management Program, and advisory programs offered by third-party asset managers. In addition to these asset management programs, we provide fixed fee financial planning services as well as hourly financial consulting services. When providing investment management services, we strive to understand your financial situation, goals, objectives and risk tolerance. We use the following investment types: exchange traded funds (ETFs), mutual funds, stocks, bonds, options, and real estate investment trusts, among others. We monitor most investments on a monthly basis, and we review your account at least twice annually. We will review your account more frequently upon request. For financial planning and certain limited-scope advisory relationships, we do not provide ongoing monitoring. We manage accounts on a discretionary or non-discretionary basis. If you select discretionary, we will buy or sell securities in your account when we determine it is appropriate or necessary. For discretionary accounts, we will not consult with you prior to trading. If you select non-discretionary, you make the ultimate decision regarding the purchase and sale of securities. You will specify the trading authority in our advisory agreement, and these instructions will remain in place until the agreement is terminated. While exceptions are made, we typically require a $1,000,000 minimum investment per household when establishing a new relationship.
Additional information about our investment advisory services is available in our Form ADV Part 2A - Firm Brochure (see Items 4 and 7) and in our Form ADV Part 2A, Appendix 1 - Wrap Program Brochure (see Items 4 and 5). If you are viewing a paper version of this form, please visit tsgadvisor.com/form-CRS for hyperlinks to these documents.
We typically charge an asset-based advisory fee that is a percentage of your account, including cash holdings. We charge advisory fees quarterly, in advance, and you pay this fee regardless of whether there are transactions in your account. We have an incentive to increase the value of your account over time, which will increase our fees. For financial planning services we charge a flat fee that is quoted when you engage our services. We charge an hourly fee for financial consulting services.
Most of our client accounts are administered under our Wrap Fee Asset Management Program. Under this program, you do not pay any transaction charges for trading that takes place in your account. We will pay your custodian for trading costs, through either an asset-based fee or a transaction charge. To the extent your custodian charges us for transactions, this creates a conflict of interest and financial incentive for us to avoid transactions in your account or to place trades less frequently. We will consider these transaction charges when we determine the level of your advisory fee. Under our Non-Wrap Asset Management Program, you are responsible for paying your custodian for any transaction charges. These transaction charges are in addition to our advisory fee. If we engage in frequent trading, you will pay more in transaction charges increasing the overall cost of your account management. This will negatively impact your account performance.
If applicable to your account, you will also incur charges imposed by the custodian or another third-party including, but not limited to: custodian fees; retirement account maintenance fees; fees related to mutual funds and exchange-traded funds; and other transactional fees and product-level fees.
Additional information about fees and expenses, including fee schedules, is available in our Form ADV Part 2A - Firm Brochure (see Item 5) or our Form ADV Part 2A, Appendix 1 - Wrap Program Brochure (see Item 4). If you are viewing a paper version of this form, please visit tsgadvisor.com/form-CRS for hyperlinks to these documents.
If you participate in an employer-sponsored retirement plan you may request our advice regarding these plan assets. When you separate from this employer, you may be given the opportunity to distribute the assets from this plan. A conflict exists because we will only be compensated if you rollover the proceeds from the plan into an IRA that we manage. Therefore, we have a financial incentive to recommend one option over another.
Our financial professionals are registered representatives of a broker-dealer. Separate from investment advice through The Sterling Group, these financial professionals may offer securities and receive commissions when placing securities transactions. This is a conflict of interest if the financial professional recommends that you invest in a security which results in a commission being paid to the professional.
Additional information about our conflicts of interest is available in our Form ADV Part 2A Firm Brochure or Form ADV Part 2A Appendix 1 Wrap Program Brochure. If you are viewing a paper version of this form, please visit tsgadvisor.com/form-CRS for hyperlinks to these documents.
Our revenue is derived from the advisory fees we collect. Our professionals are paid a salary for servicing client accounts as well as a portion of the advisory fees that we collect for the accounts that they service. Our professionals may also receive non-cash compensation from our custodians and some product sponsors. They may receive gifts valued at less than $100 annually, an occasional dinner or ticket to a sporting event, or reimbursement for educational meetings or marketing or advertising initiatives.
No. You may visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
You can find additional information about our investment advisory services on the SEC’s website at www.adviserinfo.sec.gov by searching our CRD # 111782. You may also contact our firm at (626)-440-5995.