Conversation Starters

The following are helpful questions in better understanding the services we provide. These questions are from our client relationship summary (SEC Form CRS) that can be downloaded here.

Given my financial situation, should I choose an investment advisory service? Why or why not?
NUKU is an investment advisor that is held to a fiduciary standard of both a duty of care and a duty of loyalty. Unlike a broker-dealer, we have an ongoing duty to monitor your account and look out for your best interest, and serving it ahead of our own. If you require assistance and oversight of your account, then an investment advisor, such as NUKU, could serve you best.
How will you choose investments to recommend to me?
You will provide information about yourself and your investment goals. This includes an assessment of your risk profile, and desire for income and/or growth in your account. From that, our software will determine and acquire the stocks and bonds that are best suited for your account.
What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
Carson Cole has over 25 years of institutional investment experience, including serving as the Head of Fixed Income Research at UBS, Bankers Trust and DebtTraders. He has a Bachelors Degree in Business Administration from the University of New Hampshire.
How might your conflicts of interest affect me, and how will you address them?
There are conflicts of interest between you as a client and ourselves that you should be aware of. This includes the fact that the more assets that are in your account, the more you will pay in fees, therefore leading to an incentive to encourage you to increase the assets in your account.
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?
Our fee is an asset-based fee, calculated on the amount of assets in your account. For an account with a value of $10,000, it will be charged a total annual amount of approximately $150, based on a 1.5% fee. You will be assessed fees monthly, which will lead to a reduction in the assets in your account. We will be investing in stocks and bonds for the majority of your assets in most cases, which have no acquisition or sales costs and there are no other fees, other than embedded fees for funds that may be used for cash management purposes.
As a financial professional, do you have any disciplinary history? For what type of conduct?
No, our employees do not have any disciplinary history as financial professionals.
Who is my primary contact person? Is he or she a representative of an investment advisor or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?
A primary contact person is Gina Ferro for support related matters. For other concerns, the primary contact person is Carson Cole.