Client Relationship Summary

Everest Financial Group, LLC June 25, 2020

 

FORM CRS

 

Everest Financial Group, LLC is registered with the Securities and Exchange Commission as an investmentadviser and, as such, we provide advisory services rather than brokerage services. Brokerage and investment advisory services and fees differ and it is important for you, our client, to understand the differences. Additionally, free and simple tools are available to research firms and financial professionals at lnvestor,gov/CRS. which also provides educational materials about broker-dealers, investment advisers, and investing. This document is a summary of the services and fees we offer to "retail" investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.

 

What investment services and advice can you provide me?

We offer the following investment advisory services to retail investors: Financial Planning Services; Portfolio Management Services; Selection of Other Advisers; Detailed information regarding our services, fees and other disclosures can be found in our Form ADV Part 2A Items 4, 7, and 8 by clicking this

link https://adviserinfo.sec.gov/firm/brochure /137260.

 

Account Monitoring: If you open an investment account with our firm, as part of our standard service we will monitor your investments on a quarterly basis.

 

Investment Authority: We manage investment accounts on a discretionary basis whereby we will decide which investments to buy or sell for your account. We have discretion to select, retain or replace third-party managers to manage your accounts. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in

writing. We also offer non-discretionary investment management services wher eby we will provide advice, but you will ultimately decide which investments to buy and sell for your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.

 

Investment Offerings: We offer advice on the following types of investments or products: mutual fund shares, exchange traded funds, and variable annuities.

 

Account Minimums and Requirements: In general, we do not require a minimum dollar amount to open and maintain an advisory account; however, we have the right to terminate your account if it falls below a minimum size which, in our sole opinion, is too small to manage effectively.

 

 

 

 

 

 

What fees will I pay?

The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services. For detailed information, refer to our Form ADV Part 2A, Items 5 and 6 by clicking this link httos://adviserinfo,sec,gov/firm/brochure/137260. We may waive or reduce the amount of the financial planning or consultation fee as a result of additional fees being earned. Any reduction is at the discretion of your advisor, and will not exceed 100% of any commission received, and will be disclosed to client prior to any transactions being implemented.

  • Asset Based Fees - Payable quarterly in advance. Since the fees we receive are asset-based(i.e. based on the value of your account), we have an incentive to increase your account value which creates a conflict especially for those accounts holding illiquid or hard-to-value assets;
  • Hourly Fees - Fee may be payable in advance, in arrears or a deposit may be required. If a deposit is required, the remaining balance will be due upon completion of the project.
  • Fixed Fees - Payable In advance;
  • Other Advisory Fees - In addition to our fees, we are also compensated by:
    • Advisory fees charged by third party money managers, which are separate and apart from our fees.

 

Examples of the most common fees and costs applicable to our clients are:

 

Exchange fees; • Advisory fees and administrative and other fees incurred by mutual funds and exchange traded funds • Advisory fees charged by sub-advisers (if any are used for your account); • Custodial Fees; • Deferred sales charges (on Mutual Funds or annuities); • Odd-Lot differentials; • Deferred sales charges or short-term redemption fees (charged by Mutual Funds); • Transfer taxes; • Wire transfer and electronic fund processing fees; and • Commissions or mark-ups / mark-downs on security transactions • Transaction charges when purchasing or selling securities; • and other product­ level fees associated with your investments

 

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 y_ou are pa ing.                                                                                                                                                                                                                                                                    

Key Questions to Ask Your Financial Professional

•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?

 

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 investmen t advice we provide you. Here are some examples to help you understand what this means.

 

  • Third-Party Payments: Persons providing advice on behalf of our firm are registered representatives with a broker­ dealer and independent insurance agents. These persons receive compensation and insurance commissions in connection with the purchase and sale of securities, other investment products, and insurance products. Compensation earned by these persons is separate and in addition to our advisory fees. This practice presents a conflict of interest because they have an incentive to recommend investment or insurance products based on the compensation received rather than solely based on your needs.

 

Refer to our Form ADV Part 2A by clicking this link https_:Uadviserinfo.sec.gov/frim/brochure/137260 to help you

understand what conflicts exist.                                                                                                                                                                      

Key Questions to Ask Your Financial Professional

•

 
 


How might your conflicts of interest affect me, and how will you address them?

 

How do your financial professionals make money?

The financial professionals servicing your account(s) are compensated in the following ways: Fees for Assets Under Management. Financial professionals' compensation is based on the following factors: Based on the amount of client assets they service; the products sold (i.e. differential compensation); and the revenue the firm earns from the person's services or recommendations.

 

Do you or your financial professionals have legal or disciplinary history?

No, our firm and our financial professionals currently do not have any legal or disciplinary history to disclose. Visit lnvestor.gov/CRS for a free and simple research tool.

 

 
  Text Box: Key Questions to Ask Your Financial Professional • As a financial professional, do you have any disciplinary history? For what type of conduct?

 

You can find additional information about your investment advisory services and request a copy of the relationship summary at 763-923-7525 or click the link provided https://adviserinfo.sec.gov/firm/brochure/137260

 

 

 

 

 

 

 

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