Prior to opening an account with Private Capital Management, please review a copy of our ADV Part II, filed with the Securities and Exchange Commission. This form explains the organization of our firm and fees and is available upon request. Information on Private Capital Management can be found on the SEC IARD Investment Advisor Search site under our registration number - 108140.

Additional forms you should review prior to opening an account include the following.

	Money Management Services Agreement
	Privacy Policy
	Code of Ethics

Once you have reviewed the ADV and spoken with the staff at Private Capital Management regarding account minimums and investment procedures, we will assist you in setting up an account with your selected custodian. All funds will be held in your name and you will receive regular statements from the custodian showing current positions and balances.