Austerra Wealth Management LLC (“we”, “us”, “our”) is registered as an investment adviser with the Securities and Exchange Commission (SEC). Austerra Wealth Management LLC provides advisory services and financial planning services. Investment advisory and financial planning fees differ, and it is important for you to understand the differences. Free resources are available to research firms and financial professionals at www.investor.gov/CRS. The site also provides educational materials about broker-dealers, investment advisers, and investing.
What investment services and advice can you provide me?
We offer Investment Advisor Services, including Investment Management Services. We receive trading authority (discretionary authority) from our clients to determine which securities to buy or sell in their portfolio, and in what amounts. All investments and portfolios are reviewed periodically throughout the year, depending on market conditions. Investment account reviews are conducted at least quarterly. More frequent reviews may be triggered by material changes in the client’s individual circumstances or the market, economic, or political environment.
Austerra Wealth Management is the Investment Advisor for Austerra Stable Growth Fund, LP and Austerra Stable Income Fund, LP. These partnerships are offered to investors that qualify (accredited investors).
For additional information, please reference Form ADV Part 2A, Item 4 and Item 13.
Account minimums: We require $1,000,000 for Investment Management Clients, $1,000,000 for the Austerra Stable Growth Fund, LP and $100,000 for the Austerra Stable Income Fund, LP.
Frequently Asked Relationship Service Questions:
Fees, Costs, Conflicts and Standard of Conduct
What fees will I pay?
Our advisory fees for Investment Management are asset based. We charge an annual fee between 1.00% and 1.95% on a quarterly basis, payable in advance, based on the account value at the prior quarter end. Investors in the Funds are charged a 1% annual management fee and an incentive fee of 20%. The more assets there are in your advisory account, the more you will pay in fees; thus, the firm may have an incentive to encourage you to increase the assets in your account.
Clients may incur charges from Financial Institution(s) and other third parties such as brokerage commissions, custody fees, exchange fees, SEC fees, mutual fund fees, exchange traded fund fees, wire transfer and electronic fund processing fees. 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. For additional information, please see our Form ADV Part 2A, Item 5
What are your legal obligations to me when acting as my investment adviser?
When we act as your investment adviser, we are required to act in your best interest and not put our interests ahead of yours. At the same time, the way we are compensated 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.
How else does your firm make money and what conflicts of interest do you have?
We are affiliated with Austerra Stable Growth Fund, LP and Austerra Stable Income Fund, LP. We receive compensation based on the performance of these Funds.
How do your financial professionals make money?
We are compensated based upon a percentage of the assets under management. In addition, the Austerra Funds pay an incentive fee based on positive performance.
Frequently Asked Fee Questions:
Do you or your financial professionals have legal or disciplinary history?
A free search tool to research us and our financial professionals is available at www.investor.gov/crs.
Frequently Asked Disciplinary Questions:
Additional Information about our services is available at https://austerra.com and if you would like to request an up-to-date copy of the relationship summary, contact Mark Holland by email at firstname.lastname@example.org or telephone at 214-810-0250.
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