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.

General Overview

Private Capital Management, LLC is a registered investment advisor. Registration is held with the Securities and Exchange Commission (SEC) as an investment advisor.  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 agrees, 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 in 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 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 Planner (CFP®)

The Certified Financial Planner (CFP®) designates individuals who have met CFP Board’s education, examination and experience requirements, have agreed to adhere to high standards of ethical conduct and who complete CFP Board’s ongoing certification requirements. All CFP® Certificants 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.

Chartered Financial Analyst (CFA)

The Chartered Financial Analyst (CFA) Program is a globally recognized standard for measuring the competence and integrity of financial analysts. CFA Certificants have passed a series of three exams administered by the CFA Institute that requires a comprehensive understanding of accounting, economics, securities analysis and portfolio management, as well as successful demonstration and high level of proficiency in the valuation and analysis of both equity and fixed-income securities. Individuals must also have a bachelor’s degree, at least three years of investment related experience and meet certain standards of professional conduct.

The Chartered Financial Consultant (ChFC®)

The Chartered Financial Consultant (ChFC®) designates individuals who have completed an extensive education program, examinations, practical experience and ongoing continuing education requirements. Authority to use the ChFC® mark is granted by the Certification Committee of the Board of Trustees of The American College, a non-profit educator with the highest level of academic accreditation. All ChFC® advisors must adhere to strict ethical guidelines and complete a minimum of 30 hours of continuing education every two years.

The Certified Public Accountant (CPA)

The Certified Public Accountant (CPA) designation is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA.