Calamita Wealth Management Inc.
Version: February 23, 2024
Phone: (704) 276-7325
Website: www.calamitawealth.com
This summary is provided by Calamita Wealth Management Inc., an SEC-Registered Investment Adviser. Brokerage and investment advisory services—and the fees associated with them—differ. It’s important that you understand those differences.
You can find free tools and educational resources at Investor.gov/CRS.
What investment services and advice can you provide me?
We offer two types of advisory services:
- A comprehensive service that includes financial planning and portfolio management.
- A one-time, standalone financial planning service.
For clients using our comprehensive service, we continuously monitor your investments and provide discretionary management—meaning we can make trades without prior approval. You can impose reasonable restrictions on this authority.
Our one-time financial planning clients do not receive investment monitoring or trade placement services.
There is no minimum account size, but a minimum fee applies to our services.
Ask us: Given my financial situation, should I choose an investment advisory service? Why or why not? How will you choose investments to recommend to me? What are your qualifications?
What fees will I pay?
For our comprehensive service, we charge an annual fee based on assets under management. This fee is assessed quarterly in advance. The more assets you have with us, the more you will pay, which creates an incentive for us to grow your account value.
For our one-time financial planning service, we charge a fixed fee based on complexity and scope. Half is due at agreement signing, the rest upon delivery of services.
Other possible fees include brokerage fees, mutual fund and ETF management fees, custodian fees, retirement account fees, trade ticket charges, and banking fees. We do not receive any portion of these fees.
You will pay fees and costs whether you make or lose money. Over time, these fees will reduce your returns.
Ask us: Help me understand how fees and costs might affect my investments. If I invest $10,000, how much will go to fees and how much will be invested?
What are your legal obligations as my investment adviser?
When acting as your adviser, we are required to act in your best interest and never put our own interests ahead of yours. However, the way we make money may still create some conflicts of interest.
For example, simply charging a fee creates a conflict—we are incentivized to charge more, not less. We work to minimize these conflicts.
Ask us: How might your conflicts of interest affect me? How will you address them?
How do your financial professionals make money?
Employees are paid salaries and may receive discretionary bonuses based on firm profitability. Owners may receive distributions. Compensation is not based on client asset size, sales, or time spent with clients.
Do you or your professionals have legal or disciplinary history?
No. To check your financial professional’s background, visit Investor.gov/CRS.
Ask us: Do you have any disciplinary history? What type of conduct?
Additional Information
You can learn more about our services and request a printed copy of this summary by calling us at (704) 276-7325.
Ask us: Who is my primary contact person? Are they an investment adviser or broker? Who can I talk to if I have concerns?
Appendix: Summary of Changes
The following language was updated in this version (Feb 23, 2024):
Updated: What investment services and advice can you provide me?
We clarified that we offer both a comprehensive service and a one-time financial planning service. Monitoring and discretionary authority apply only to comprehensive service clients.
Updated: What fees will I pay?
We simplified and clarified our explanation of fee structures, noting our annual AUM-based fee for comprehensive clients and fixed fees for one-time plans.
This page is available as a PDF here.