MACRO Consulting Group, LLC (“MACRO”) is an investment advisory firm registered with the Securities and Exchange Commission (“SEC”). Brokerage and investment advisory services and fees differ and it is important for retail investors to understand the differences. Free & simple tools are available to research firms and financial professionals at www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers and investing.
What investment services and advice can you provide me?
We offer investment advisory services to individuals based on your individual needs and goals which are assessed using information gathered in one-on-one discussions, through our initial questionnaire and other questionnaires and document gathering tools used in a formal planning process, if engaged for that service. Once this information is assessed, we customize an investment plan using separately managed accounts. We offer both in-house developed and managed portfolios and also utilize outside managers where appropriate.
In order to provide ongoing advice and supervision, you will provide us with discretionary authority to manage your accounts (which securities to hold, the amount to be bought and sold and the execution of the trades) through a separate Investment Advisory Agreement, within which the details of this relationship are described. This agreement will be executed prior to the start of the advisory relationship. We continually monitor the accounts and rebalance accordingly in order to maintain the strategy of each investment model. The accounts are reviewed with each client at least annually, but also upon other events including but not limited to notification of a change in your personal financial situation such as inheritance or job loss, significant deposits or withdrawals, loss of spouse, etc.
Given my financial situation, should I choose an investment advisory service?
Why or why not?
How will you choose the investments to recommend to me?
What is your relevant experience, including your licenses, education and other qualifications?
What do these qualifications mean?
We offer a full-service Wealth Management platform with a household minimum investment of $800,000, a modified-service Investment Management platform with a household minimum of $525,000 and a limited-service investment management model with a minimum household investment of $200,000. These minimums may be waived at MACRO’s discretion. Our investment models typically are made up of individual stocks, mutual funds and/or ETFs, however we may employ other investment types such as bond portfolios for diversification purposes. You may choose to impose restrictions on types of investments held in your account(s), however these restrictions may prevent us from properly servicing your account and we reserve the right to cease management of a specific account or terminate the relationship.
You may also engage MACRO to conduct financial planning for a separate fee. This engagement would be entered into under a separate Financial Planning Agreement which outlines the fees for that service and does not require an ongoing investment management relationship.
What fees will I pay?
Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
All of our investment management services are provided on a fee-only basis. Fees for our full-service Wealth Management and Investment Management platforms are calculated as an annual fee which is based upon a percentage of the market value of the assets under management, including cash, with minimum quarterly fees of $1250 and $1875, respectively. For our limited-service program, the fee is a flat quarterly fee for households with assets less than $1,000,000, or a reduced asset-based fee schedule for households with assets greater than $1,000.000. All fees for investment management services are calculated in accordance with the Investment Advisory Agreement that you will enter into with us prior to the commencement of any investment management services. Fees that you pay for financial planning are a one-time fee based on a menu of planning services from a simple cash flow analysis to a more complex set of analyses. Typical fees range from $2500-$4000, however a more detailed structure of these fees can be found using the link below. Once the planning process is complete, you may be eligible for a fee waiver based on the establishment of an ongoing investment management relationship that would be entered into under a separate Investment Advisory Agreement.
MACRO does not receive commission compensation over and above the investment management fee. You will incur charges imposed directly at the fund level and/or a fee charged by an independent manager, if applicable, as well as charges to maintain your accounts by the custodian. MACRO does not receive a portion of any of these fees. MACRO does not charge performance-based fees. Our fees are charged quarterly, in advance, and our clients typically authorize MACRO to instruct the custodian to debit their account(s) for the calculated fee.
Further detail regarding our fees can be found at ADV Part 2A Brochure, Item 5 Fees & Compensation.
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 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 investment advice we provide you. Here are some examples to help you understand what this
How might your conflicts of interest affect me, and how will you address them?
- Certain of MACRO’s representatives, in their individual capacities, are registered representatives of a nonaffiliated broker/dealer, through which they can implement investment recommendations on a commission basis. In the event you choose to purchase investment products through our broker/dealer, a portion of the commission shall be paid to MACRO’s representative, if applicable, for example, as compensation for a variable annuity purchase made by you. MACRO does not charge an advisory fee in addition to the commissions paid on these products. This poses a conflict as it may provide an incentive to use these products/programs over another custodian or broker/dealer.
- Certain of MACRO’s representatives, in their individual capacities, are licensed insurance agents and therefore may recommend the purchase of certain insurance-related products on a commission basis. This, too, poses a conflict as it may provide an incentive to use these products/programs over another custodian or broker/dealer.
- MACRO may receive from our custodian and/or broker/dealer relationships, without cost, the availability of an investment platform, unaffiliated investment managers, mutual fund sponsors or vendors as well as support services, investment-related research, pricing information and market data, software, compliance and practice management publications, conferences and other meetings, and marketing support that would be used by MACRO in furtherance of its investment advisory business operations.
Please review additional detail in regard to the above stated conflicts in our ADV Part 2A Brochure, Item 10 Other Financial Industry Activities & Affiliations.
How do your financial professionals make money?
Our financial professionals are employees of MACRO and receive a fixed salary plus a periodic bonus that is based on the revenue generated by each advisor’s group of clients. Financial professionals are eligible to receive a percentage of the advisory fee paid by you as a result of his/her efforts in developing and maintaining client relationships. This compensation structure creates a conflict to recommend advisory services for compensation, however you are not obligated to move forward with any of the recommendations made by representatives of MACRO. In addition, as a fiduciary, our financial professionals are obligated to put your interests ahead of their own, or the interests of MACRO.
Financial representatives that are affiliated with a broker/dealer, such as our financial representatives, are also eligible to receive compensation based on a percentage of the commissions earned for the sale of products affiliated with the broker/dealer, such as variable annuities. This compensation structure creates a conflict to recommend commission-based programs, however you are not obligated to move forward with any of the recommendations made by representatives of MACRO. Again, our financial professionals, when acting as representatives of a broker/dealer, are obligated to put your interests ahead of their own, or the interests of MACRO.
As a financial professional, do you have any disciplinary history?
For what type of conduct?
Who is my primary contact person?
Is he/she a representative of an investment adviser or a broker/dealer?
Who can I talk to if I have concerns about how this person is treating me?
Do you or your financial professionals have legal or disciplinary history?
Neither MACRO Consulting Group, LLC, nor its Investment Advisory Representatives have any disciplinary history. You may visit www.investor.gov/CRS for a free and simple search tool to research MACRO and our financial professionals.
Where can I find additional information?
Additional information in regard to MACRO Consulting Group and our investment professionals can be found on our website at www.macroconsultinggroup.com. Here, you can view a copy of this Form CRS (Client Relationship Summary), our Firm ADV Part 2A Disclosure and our Privacy Notice. You may also call the office at 973-451-9400 to speak with our Chief Compliance Officer, Heidi Heath. To request copies of these documents, either by mail or via electronic delivery, please call the office or email your request to firstname.lastname@example.org or email your financial professional directly.