CLIENT RELATIONSHIP SUMMARY (CRS)
Private Capital Management, LLC is registered with the Securities and Exchange Commission as an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. View the complete CRS disclosure, here.
Private Capital Management, LLC is a registered investment adviser. Registration is held with the Securities and Exchange Commission (SEC) as an investment adviser. This does not imply a certain level of skill or training. Individuals and firms may only transact business in a jurisdiction after satisfying its licensing and qualification requirements, or after being excluded or exempted.
The materials contained in this website have been obtained, derived, and prepared based on information from public and private sources that Private Capital Management believes to be reliable. However, no representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information contained herein, and Private Capital Management expressly disclaims any liability for the accuracy and completeness of information contained in this website. Private Capital Management maintains the right to delete or modify information on this website without prior notice.
This site has been designed for general informational and educational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or strategy referenced on the site. Such offers can only be made where lawful under applicable law. Private Capital Management does not intend to provide investment advice through this site and does not represent that the securities or services discussed are suitable for any investor. Any subsequent, direct communication by Private Capital Management with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.
Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision. Private Capital Management does not, and this site does not intend to, render business, tax, or legal advice. Each prospective client should consult his/her own attorney, business advisor, and tax advisor as to legal, business, tax and related matters concerning the information contained herein. Each client and prospective client agree, as a condition precedent to accessing Private Capital Management’s website, to release and hold harmless Private Capital Management, its officers, directors, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Private Capital Management.
The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date when posted and may be subject to change at any time without prior notice. Private Capital Management does not have any obligation to provide revised opinions in the event of changed circumstances. Nothing contained in this website should be construed as investment advice.
Any ideas or strategies discussed on the website should not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable based on your own personal financial objectives, needs and risk tolerance. Private Capital Management expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
The SEC Form ADV contains important information about the advisory services, fees and business of Private Capital Management. Form ADV Part 1A and 2A are publicly available and may be viewed at https://www.adviserinfo.sec.gov/. Form ADV Part 2A and 2B are provided by Private Capital Management initially to new clients and offered or delivered on an annual basis to clients. The Form ADV is periodically amended, and clients are encouraged to review this information.
At certain places on our website, we may provide access or ‘links’ to other internet websites sponsored and maintained by third parties. Private Capital Management is providing such links solely as a convenience. Private Capital Management makes no representations concerning the content of the websites. These sites contain information that has been created, published, maintained, or otherwise posted by institutions or organizations independent of Private Capital Management. Private Capital Management does not endorse, approve, certify, or control these websites and does not assume responsibility for the accuracy, completeness or timeliness of the information located there. Visitors to these websites should not use or rely on the information contained therein until consulting with an independent finance professional. Private Capital Management does not necessarily endorse or recommend any commercial product or service described at these websites.
The information contained herein does not, and shall not, constitute an offer to sell, a solicitation of an offer to buy, or an offer to purchase any securities, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service.
Past performance does not guarantee future returns and should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Therefore, no current or prospective client should assume that future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended by Private Capital Management), or product/strategy referenced to directly or indirectly by Private Capital Management on its website, or indirectly via a link to an unaffiliated third-party website, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client’s investment portfolio. Investing entails risks, including possible loss of principal. The price of, value of, and income from, securities or financial instruments can fall as well as rise.
Clients utilizing this website for the purpose of accessing documents posted to a web portal do so with the understanding that accessing such information through the portal should be done only through secure channels and on non-public machines. Private Capital Management cannot be responsible for criminal activities of others, specifically those that may access client information through the use of a client’s password or other credentials.
Clients are strongly encouraged to compare the information found through the portal with any information received directly from their account custodian.
Certain people associated with Private Capital Management may hold professional designations which are included on the website. An explanation of the minimum qualifications required for each designation follows:
Certified Financial PlannerTM, CFP®
To earn the Certified Financial PlannerTM, CFP® certificate a candidate must have at least a bachelor’s degree from an accredited college and three years of full-time financial planning experience, complete a final certificate examination, and complete thirty hours of continuing education every two years. All CFP® professionals agree to abide by CFP Board’s Code of Ethics and Professional Responsibility and Financial Planning Practice Standards and have voluntarily submitted to the regulatory authority of CFP Board, which can suspend or permanently revoke an individual’s CFP® certification if findings of unethical conduct are made.
The Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, Certified Financial Planner ™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Chartered Financial Analyst®, CFA®
The Chartered Financial Analyst®, CFA® Program is a globally recognized standard for measuring the competence and integrity of financial analysts. To become a Chartered Financial Analyst® professional, a candidate must have a bachelor’s degree and at least three years of investment-related experience and pass three sequential, six-hour examinations over two years to four years. The three levels of the CFA® program test a wide range of investment topics, including ethical and professional standards, investment analysis and wealth planning. All CFA® professionals must have at least four years of professional experience and reaffirm annually their adherence to the CFA Institute’s Code of Ethics and Standards of Professional Conduct.
The Chartered Financial Analyst Institute (CFA Institute) owns the certification marks CFA® and Chartered Financial Analyst® in the United States, which it authorizes use of by individuals who successfully complete CFA Institute’s initial and ongoing certification requirements.
Chartered Financial Consultant®, ChFC®
To earn the Chartered Financial Consultant®, ChFC® designation a candidate must complete an extensive education program, examinations, practical experience and ongoing continuing education requirements. All ChFC® professionals must adhere to strict ethical guidelines set by The American College of Financial Services® and complete a minimum of 30 hours of continuing education every two years.
The Chartered Financial Consultant ®, ChFC® is the property of The American College of Financial Services, which reserves the sole rights to its use, and is used by permission.
Certified Private Wealth Advisor®, CPWA®
The Certified Private Wealth Advisor®, CPWA® designation is an advanced certification for advisors who work with high-net-worth clients. To earn the CPWA® designation a candidate must have at least five years of professional experience in finance or a related industry, a bachelor’s degree or other professional certification, and a satisfactory record of ethical conduct as determined by the Investments & Wealth Institute™. A candidate must complete six months of studying and complete an in-person or online class and take the CPWA® examination. CPWA® members must complete 40 hours of continuing education every two years.
The Investments & Wealth Institute® (the Institute) is the owner of the certification marks “Certified Private Wealth Advisor” and “CPWA.” Use of Certified Private Wealth Advisor and/or CPWA signifies that the used has successfully completed the Institute’s initial and ongoing credentialing requirements for investment management professionals.
Certified Divorce Financial Analyst®, CDFA®
To earn the CDFA® certificate issued by the Institute for Divorce Financial AnalystsTM; qualifications for CDFA® include: three years of professional experience in finance or divorce and a bachelor’s degree; the passage of four online, proctored, closed book certification exams; and 15 divorce-related hours of continuing education every two years.
The Institute for Divorce Financial Analysts (the Institute) owns the certification marks CDFA® and Certified Divorce Financial Analyst® in the United States, which it authorizes use of by individuals who successfully complete the Institute’s initial and ongoing certification requirements.
Accredited Wealth Management AdvisorSM, AWMA®
To earn the AWMA® designation a candidate must complete an eight-module education program within one year provided by the College for Financial Planning®. AWMA® professionals must complete 16 hours of continuing education every two years.
The Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks AWMA® and Accredited Wealth Management AdvisorSM in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Accredited Asset Management SpecialistSM, AAMS®
To earn the AAMS® designation a candidate must complete an online closed-book certification exam provided by the College for Financial Planning® and must maintain sixteen hours of continuing education every two years.
The Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks AAMS® and Accredited Asset Management SpecialistSM in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.