Argonautica Private Wealth Management, Inc. 

Form CRS

September 13, 2022
Introduction

Argonautica Private Wealth Management, Inc. is registered with the Securities and Exchange Commission as an investment adviser. Fees for brokerage and investment advisory services differ among broker-dealers and investment advisers and it is important that you understand the differences. Free and simple tools are available to research firms and financial professionals at 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 a variety of investment advisory services to retail investors, including investment and portfolio management through a wrap fee program, financial planning and consulting.

  • When you engage our firm for investment and portfolio management services, we will provide ongoing advice and monitoring of your investments. In your investment advisory agreement with us, you can give us discretion to determine the investments to buy and sell in your account or you may retain discretion and make the ultimate decision regarding the investments we purchase or sell on your behalf. We generally do not require a minimum initial investment to open or maintain an account.
  • When you engage our firm for financial planning services, we will provide advice regarding your investment goals and objectives, balance sheet, tax planning, risk management, retirement, cash flow, and other investment planning needs. When you engage our firm for consulting services, we will provide consultations on specific investment or financial concerns. Our consulting and financial planning services do not include monitoring of your investments, nor do we have discretion over investment decisions.
  • Our investment advice is not limited to proprietary products or a limited menu of products or types of your investments, nor do we have discretion over investment decisions.

You should carefully review our Form ADV Part 2A Brochure and Wrap Brochure, which are available at https://adviserinfo.sec.gov/firm/summary/316736, for more detailed information about our services.

What fees will I pay?
  • For investment management and wealth management services, we charge fees based on a percentage of assets under management. These fees are assessed quarterly in advance. You should be aware that the more assets there are in your account, the more you will pay in fees. This means we have an incentive to encourage you to increase the assets in your account. Our wrap program fees include advisory fees and most transaction costs and fees for clearing and custodial services, and therefore may be higher than a typical asset-based advisory fee. A wrap fee program may not be the lowest cost option if you would like to restrict your investments to open-end mutual funds or other long-term investment products.
  • For financial planning services, we charge a flat fee based on the work needed to complete the review. For consulting services, we charge a flat fee or fees based on a percentage of assets under Fees for financial planning and consulting services are assessed in advance or arrears, based upon the needs of the client. We may charge a retainer prior to beginning services and invoice you the remaining fee upon completion of services. When you pay us a fee for financial planning and consulting services, it will not include fees for implementing any advice or recommendations made. This means we have an incentive to recommend additional advisory services to you for which we earn additional fees.
  • In addition to our fees, you may incur additional fees and costs related to the investments in your account, such as custodian fees, account maintenance fees, wire transfer fees, internal management fees of mutual funds, redemption fees, and other product related 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. It is important that you carefully review our Form ADV Part 2A Brochure and Wrap Brochure, which are available at https://adviserinfo.sec.gov/firm/summary/316736, for additional information about our fees.

Please ask us the following questions to better understand the impact of fees and costs on investments: 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?

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 interest. You should understand and ask us about these conflicts because they can affect the investment advice that we provide you. Here are some examples to help you understand what this means:

  • Your broker-dealer and custodian provide us with access to electronic systems that assist us in managing your account, as well as research, software, other technology, and discounts for products and services offered by third-party service providers. These economic benefits give our firm an incentive to recommend the broker-dealer and custodian over another broker-dealer and custodian that do not provide similar benefits.

Please ask us the following question about our conflicts of interest: How might your conflicts of interest affect me, and how will you address them?

You should carefully review our Form ADV Part 2A Brochure and Wrap Brochure, which are available at https://adviserinfo.sec.gov/firm/summary/316736, for more detailed information about our conflicts of interest.

How do your financial professionals make money?

Our financial professionals receive a salary and may also receive a discretionary bonus based on the success of the firm, their individual performance, and the amount of profits earned by the firm. This is a conflict of interest because our financial professionals have an incentive to encourage you to increase the assets in your account.

Yes, please visit Investor.gov/CRS for a free and simple search tool to research our firm and your financial professional.

Please ask us the following questions about our disciplinary history: As a financial professional, do you have any disciplinary history? For what type of conduct?

Additional Information

You can find additional information about our investment advisory services in our Form ADV Part 2A Brochure and Wrap Brochure, which are available at https://adviserinfo.sec.gov/firm/summary/316736. You can request up-to-date information and a copy of our relationship summary by contacting us at 781-591-0200.

Please ask us the following questions to better understand who to contact with any questions or complaints: Who is my primary contact person? Is he or 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?