Real Financial Advisors Never; Earn Commissions, Sell Investment Products, Or Accept Finders Fees From Third Parties.
Black Swan Advisors is rare firm.
- Fee-Only: Compensated only by the client without earning commission of any kind for product sales or referrals.
- Fiduciary: Legally sworn and obligated to always place the interest of the client ahead of their own.
- Independent: Not affiliated with any brokerage firm, bank, or insurance company.
- Advice-Only Advisor: You pay for advice, you do not pay more simply because you have more money
Other than its advisory fee described above, neither the firm nor its employees receive or accept any direct or indirect compensation related to investments. We do not sell Investments or Insurance products, nor do we receive any other commissions. This means that Clients will not be guided toward products or services that create additional fees or compensation to benefit Black Swan Advisors or its employees or its affiliates other than those described in this Brochure and on the Site. We have no monetary stake in any recommendations.
The Comprehensive Financial Planning Process can take as little as 10 hours a year and as much as a 80 hours depending on the complexity of analysis and research required. Black Swan Advisors’ fees are not charged in advance.
We do not accept client payments of any fees in advance. We only offer a signed Formal Letter of Client Engagement after; the first meeting, giving the client the disclosure brochure, and a 3 day waiting period.
Black Swan Advisors reserves the right, in its sole discretion, to negotiate, reduce or waive the advisory fee for certain Client Accounts for any period of time determined by Black Swan Advisors.
Note: In Illinois, unless a client has received the firm’s disclosure brochure at least 48 hours prior to signing the investment advisory contract, the investment advisory contract may be terminated by the client within five (5) business days of signing the contract without incurring any advisory fees (Ill. Section 130.846).
The Client Relationship Summary
An example Investment Advisory Agreement
Client Privacy Notice:
What does Black Swan Advisors LLC do with your personal information?
Black Swan Advisors LLC uses personal information to complete everyday business transactions and to ensure the effectiveness of a client’s financial plan.
As a registered adviser, Black Swan Advisors LLC must comply with Gramm-Leach-Bliley Act, which requires registered advisers to adopt policies and procedures to protect the nonpublic personal information of natural person consumers and customers; and to disclose to such persons, an overview of policies and procedures for protecting that information.
The types of nonpublic personal information we collect can include:
Information we receive from you through applications or other forms, correspondence, or conversations, including, but not limited to, your name, address, phone number, social security number, assets, income and date of birth.
Information about your transactions, including, but not limited to, your account number and balance, payment history, parties to transactions, cost basis information, and other financial information.
To fulfill our privacy commitment we have instituted practices to safeguard your personal information:
We maintain physical, electronic, and procedural safeguards to protect your nonpublic personal information; to ensure that we are complying with our own policy, industry practices, and federal regulations.
We do not disclose nonpublic personal information about our current or former clients to third parties, except in the following circumstances:
As necessary to provide the service that the client has requested or authorized, or to maintain and service the client’s account.
As required by regulatory authorities or law enforcement officials.
To the extent reasonably necessary to prevent fraud and unauthorized transactions.
Upon written (or verbally recorded) consent from the client.
We do not participate in third party services that may collect personally identifiable information about your online activities over time or across different websites when using our website.
We do not respond to browsers “do not track” signals or other mechanisms regarding the collection of personally identifiable information about your online activities over time or across different websites when using our website.
We do not share client information for marketing.
We do not share client information to affiliates or nonaffiliates.
Should your relationship end with Black Swan Advisors LLC , your nonpublic personal information will remain protected in accordance with our privacy practices outlined in this policy. We will never sell your personal information to anyone.
Black Swan Advisors LLC values the confidence and trust of our clients. We respect your privacy and only collect the information we need to advise and service our clients. We are committed to keeping your information confidential and we place strict limits and controls on the use and sharing of your information.
The information on this site is provided “as is” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Black Swan Advisors, LLC (referred to as “Black Swan”) disclaims all warranties, express or implied, including, but not limited to, the implied warranties of merchantability, non-infringement and suitability for a particular purpose. Black Swan does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall Black Swan be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if Black Swan or a Black Swan authorized representative has been advised of the possibility of such damages. In no event shall Black Swan Financial Planning have any liability to you for damages, losses and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
Website Privacy Notice:
We recognize the importance of protecting our clients’ privacy. We have policies to maintain the confidentiality and security of your nonpublic personal information. The following is designed to help you understand what information we collect from you and how we use that information to serve your account. Categories of Information We May Collect In the normal course of business, we may collect the following types of information:
● Information you provide in the subscription documents and other forms (including name, address, social security number, date of birth, income and other financial-related information); and
● Data about your transactions with us (such as the types of investments you have made and your account status).
How We Use Any Digital Information That We Collect:
Any and all nonpublic personal information that we receive with respect to our clients who are natural persons is not shared with nonaffiliated third parties which are not service providers to us without prior notice to, and consent of, such clients, unless otherwise required by law. In the normal course of business, we may disclose the kinds of nonpublic personal information listed above to nonaffiliated third party service providers involved in servicing and administering products and services on our behalf. Our service providers include, but are not limited to, our administrator, our auditors and our legal advisor. Additionally, we may disclose such nonpublic personal information as required by law (such as to respond to a subpoena) or to satisfy a request from a regulator and/or to prevent fraud.
Confidentiality and Security:
We restrict access to nonpublic personal information about our clients to those employees and agents who need to know that information to provide products and services to our clients. We maintain physical, electronic and procedural safeguards to protect our clients’ nonpublic personal information. We respect and value that you have entrusted us with your private financial information, and we will work diligently to maintain that trust. We are committed to preserving that trust by respecting your privacy as provided herein. If you have any questions regarding this privacy notice, please contact us.