Part 2A of Form ADV: Firm Brochure Item 1 Cover Page ROCHDALE ...

More documents

Recommendations

Info

$20,000,000 and above 0.85% Under certain circumstances, the fees shown may be negotiated on a case-by-case basis and may be different from, but not higher than, the above schedule. Clients who participate in this program will be charged a single asset based fee; commissions on a transaction by transaction basis in connection with purchases and sales for their Account(s) will not be charged. Securities transactions are effected “net,” i.e., without transaction based commissions, and a portion of the Wrap Fee is generally considered as being in lieu of commissions. This program may cost the client more or less than if management fees and commissions were charged separately. Custody fees payable to Pershing are not separately charged to client Accounts. Client are responsible, however, for miscellaneous administrative fees that may charged by Pershing (e.g. retirement account custodial fees, safekeeping fees, wire transfer fees and any other administrative fees a list of which is available upon request). Additionally, clients who are invested in any pooled investment vehicle or mutual fund will bear the expenses of that fund. Fund expenses vary depending upon the fund selected. (See, “Types of Investments” below.) Types of Investments In providing services under the Wrap Fee Programs, Rochdale may invest in a variety of asset classes including large company, mid/small company, international and fixed income. Depending on the objectives of a particular client, Rochdale may recommend the use of various investment funds managed by Rochdale or its affiliates to capture potential return from specified assets classes. These funds include the several investment portfolios of Rochdale Investment Trust, an open-end investment company registered under the Investment Company Act of 1940. As of the date of this update, these portfolios include: Rochdale Large Growth, Rochdale Large Value, Rochdale Dividend and Income, Rochdale Intermediate Fixed Income, Rochdale Emerging Markets and Rochdale Fixed Income Opportunities Portfolios (collectively "RIT Funds"). Rochdale also makes available to its clients, interests in other registered investment vehicles who satisfy the suitability requirements specified in offering documents relating to such vehicles. As of the date of this Brochure, these include Rochdale Core Alternative Strategies Master Fund, Rochdale Core Alternative Strategies Fund and Rochdale Core Alternative Strategies Fund TEI (collectively "RCAS"), Rochdale International Trade Fixed Income Fund ("RITFI"), Rochdale Structured Claims Fixed Income Fund ("RSCFIF"), Rochdale Alternative Total Return Fund (“RATRF”) and Rochdale Royalty Rights Fund (“RRRF”). All of these vehicles are managed by Rochdale. Rochdale also makes available to its clients interests in other investment vehicles that are not registered under the Investment Company Act, who satisfy the suitability requirements specified in offering documents relating to such vehicles. As of the date of this Brochure, these include Rochdale Offshore Global Opportunities Fund (“ROGOF), Rochdale Offshore Global Diversified Fund (“ROGDF”), Rochdale GML Trade Finance Income Fund, (“RGTFIF”) Rochdale Alternative Total Return Offshore Fund (RATROF) Rochdale Royalty Rights Offshore Fund (“RRROF”) and Long Point Investors. All of the RIT Funds, together with RCAS, RITFI, RSCFIF, RATRF, RRRF, ROGOF, ROGDF, RGTFIF, RRROF and RATROF (“Alternative Funds”) are collectively referred to as the “Funds". Rochdale may organize other investment funds in the future. Rochdale receives fees for services to such vehicles. General Information Regarding “Wrap fees” or “all-inclusive fees” In establishing the Wrap Fee schedules set forth above, Rochdale has taken into consideration a variety of factors including costs associated with investment management services, direct communication with the Portfolio Managers, detailed client reporting, custody of client assets through Pershing, as well as trading and clearing costs for trades executed through RIM. Depending, however, upon the level of the fee charged by Rochdale, the amount of portfolio activity in the client’s account, the value of custodial and other services which are provided under the arrangement, and other factors, the cost of participating in the Wrap Fee Program may exceed the aggregate cost of such services if they were to be separately purchased. Under the Wrap Fee Programs described 3
above, securities transactions will be executed through RIM without commission. This may result in the receipt by the Advisor of investment advisory fees that are different than those received in connection with other investment advisory services provided by the Adviser and, in some cases, will be higher than fees paid by clients who bear their own commission costs. Similarly, fees retained by RIM may also be higher than those received under traditional commission based arrangements. This is so because RIM will receive a fee as described above regardless of the number of transactions performed during the quarter. In evaluating any wrap fee arrangement, a client should recognize that brokerage commissions or the execution terms of transactions in the client’s accounts are not negotiated by Advisor or FCA Rochdale. Although generally the best price can be offered for listed transactions, no assurance can be given that such will continue to be the case. Rochdale acquires clients in a variety of ways. The majority of clients, including clients that participate in the Wrap Fee Programs, are introduced to Rochdale by affiliated and unaffiliated third parties, including independent financial planners, investment advisors, consultants, CPAs, attorneys, and representatives of brokerdealers (sometimes referred to as “Referring Partners”). Referring Partners may or may not provide services directly to clients and clients may be responsible for fees relating to any such services. Any such services are provided solely by Referring Partners and not by, or on behalf of, Advisor. Additionally, Referring Partners may be compensated for introductions to Rochdale. (See, Item 9 in this Wrap Fee Brochure for further information about the activities of Referring Partners.) 4
Page 1 and 2: Part 2A of Form ADV: Firm Brochure
Page 3 and 4: Item 3 Table of Contents Item 1 Cov
Page 5 and 6: RATROF and RRROF (“Alternative Fu
Page 7 and 8: Item 5 Fees and Compensation A. Adv
Page 9 and 10: Item 6 Performance-Based Fees and S
Page 11 and 12: Item 8 Methods of Analysis, Investm
Page 13 and 14: additional risks such as limited li
Page 15 and 16: Item 10 Other Financial Industry Ac
Page 17 and 18: agency cross transaction, there is
Page 19 and 20: client accounts. Rochdale does not
Page 21 and 22: Item 13 Review of Accounts A. Frequ
Page 23 and 24: Item 15 Custody Custody of all Acco
Page 25 and 26: RIM executes transactions for the m
Page 27 and 28: Item 18 Financial Information This
Page 29 and 30: Part 2A Appendix 1 of Form ADV: Wra
Page 31 and 32: Item 3 Table of Contents Item 1 Cov
Page 33: Next $1,000,000 to 1.00% $1,000,000
Page 37 and 38: Item 6 Portfolio Manager Selection
Page 39 and 40: fees for such services. Rochdale ma
Page 41 and 42: Item 7 Client Information Provided
Page 43 and 44: Item 9 Additional Information Disci
Page 45 and 46: well as the month-end market value,
Page 47 and 48: Item 1 Cover Page Part 2B of Form A
Page 49 and 50: Item 1 Cover Page Garrett R. D’Al
Page 51 and 52: Item 5 Additional Compensation As a
Page 53 and 54: John T. Buckley, CFA (Year of birth
Page 55 and 56: David M. Coiro (Year of birth - 194
Page 57 and 58: Neal Rubin (Year of birth - 1956) I
Page 59 and 60: Jeffrey L. Gage, AIF® (Year of bir
Page 61 and 62: Ted Cox, CFA (Year of birth - 1966)
Page 63 and 64: John T. Fulgham, AIF® (Year of bir
Page 65 and 66: Kashif S. Ahmad, CFA (Year of birth
Page 67 and 68: Harry Martin, AIF® (Year of birth
Page 69 and 70: Derek A. Roy, AIF® (Year of birth
Page 71 and 72: Jonathan Doyle, CIMA® (Year of bir
Page 73 and 74: Kevin Barlow (Year of birth - 1982)
Page 75 and 76: Paul Guerney, CFA (Year of birth -
Page 77 and 78: Poul Erik Olsen, CFA (Year of birth
Page 79 and 80: Charles P. Alberton, CFA, CAIA (Yea
Page 81 and 82: Item 1 Cover Page Elizabeth T. Dool
Page 83 and 84: Item 1 Cover Page Sheldon C. Branda
Page 85 and 86:
Item 1 Cover Page John Geraghty Mar
Page 87 and 88:
Item 1 Cover Page Robert DeLong Roc
Page 89 and 90:
Item 1 Cover Page Adam Elover March
Page 91 and 92:
Item 1 Cover Page Thomas A. Galvin
Page 93 and 94:
Item 1 Cover Page Lindsey Cook Marc
show all

Part 2A of Form ADV: Firm Brochure Item 1 Cover Page ROCHDALE ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?