Pickwick Capital Partners, LLC
Client Relationship Summary
Pickwick Capital Partners, LLC is registered with the Securities and Exchange Commission and FINRA as a broker-dealer and is a member of SIPC. Brokerage and investment advisory services and fees differ and it is important for you to understand the differences.
This document is a summary of the services and fees we offer to retail investors, which are natural persons, who seek or receive securities services primarily for personal, family, or household purposes. Additionally, free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which provides educational materials about broker-dealers, investment advisers, and investing, and brokercheck.finra.org, which provides pertinent facts including disciplinary history about member firms and individual registered representatives.
What investment services and advice can you provide me?
We make recommendations and execute the sale of Private Placement Securities. There may be a minimum investment for these offerings. Please refer to the offering memorandum for specific limitations. We do not monitor your investments.
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Key Questions to Ask Your Financial Professional
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What fees will I pay?
The Issuer of a Private Placement security will pay fees directly to Pickwick Capital Partners, LLC (“Pickwick”) for investments made by you. Because we are being paid fees, we have an incentive to encourage an investor to invest in our offerings. The fee is not paid directly by you but still causes a conflict between your interests and ours because it increases the costs associated with the offering.
The fees payable to Pickwick vary depending on the issuer and type of security, and investors should always consult the final offering materials for each investment to understand the fees and costs associated with an investment. Typically, company issuers will pay Pickwick fees of 1% to 5% for debt raises and commissions of 3% to 10% for common or preferred stock investments. Alternative asset funds generally pay fees ranging from 1% to 2.5% of the amount invested. Hedge funds and similar financial vehicles typically pay a percentage of management fees or performance fees/incentive fees on the capital raised (usually between 10% to 20%). Please ask about these fees if you have any questions.
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.
The Issuer of a Private Placement security will pay fees directly to Pickwick Capital Partners, LLC (“Pickwick”) for investments made by you. Because we are being paid fees, we have an incentive to encourage an investor to invest in our offerings. The fee is not paid directly by you but still causes a conflict between your interests and ours because it increases the costs associated with the offering.
The fees payable to Pickwick vary depending on the issuer and type of security, and investors should always consult the final offering materials for each investment to understand the fees and costs associated with an investment. Typically, company issuers will pay Pickwick fees of 1% to 5% for debt raises and commissions of 3% to 10% for common or preferred stock investments. Alternative asset funds generally pay fees ranging from 1% to 2.5% of the amount invested. Hedge funds and similar financial vehicles typically pay a percentage of management fees or performance fees/incentive fees on the capital raised (usually between 10% to 20%). Please ask about these fees if you have any questions.
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.
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Key Questions to Ask Your Financial Professional
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What are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have?
When we provide you with a recommendation, 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 recommendations we provide you. Here is an example to help you understand what this means:
When we provide you with a recommendation, 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 recommendations we provide you. Here is an example to help you understand what this means:
- Our brokerage services cover a limited selection of investments. Other firms could provide a wider range of choices, some of which may have lower costs.
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Key Question to Ask Your Financial Professional
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How do our financial professionals make money?
Our company, and the financial professionals registered with it, receive commissions for the execution of sales in privately offered securities. The compensation structure for every offering may be different. For information regarding a specific offering, please refer to the offering memorandum and disclosure consent form.
Do you or your financial professionals have legal or disciplinary history?
Yes. Disclosures for our firm or our financial professionals can be found by going to www.investor.gov/CRS.
Our company, and the financial professionals registered with it, receive commissions for the execution of sales in privately offered securities. The compensation structure for every offering may be different. For information regarding a specific offering, please refer to the offering memorandum and disclosure consent form.
Do you or your financial professionals have legal or disciplinary history?
Yes. Disclosures for our firm or our financial professionals can be found by going to www.investor.gov/CRS.
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Key Questions to Ask Your Financial Professional
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You can find additional information about our brokerage services and request a copy of the Client Relationship Summary at 914-358-3269.
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Key Questions to Ask Your Financial Professional
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Revised: October 17, 2023
