Form CRS

On June 5, 2019, the Securities and Exchange Commission (the “Commission”) adopted Form CRS and new rules. Form CRS and its related rules require SEC-registered investment advisers and SEC-registered broker-dealers that offer services to retail investors to file a relationship summary with the Commission and deliver it to each retail investor. Below is Tiedemann’s Client Relationship Summary.

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Client Relationship Summary (for retail investors)

Updated on March 30, 2021

Introduction

Tiedemann Advisors, LLC (“Tiedemann”) is registered with the Securities and Exchange Commission as an investment adviser based in New York, New York.

Brokerage and investment advisory services and fees differ and it is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

What investment services and advice can you provide me?

Tiedemann offers investment advisory services to retail investors. Tiedemann will meet with you to identify and discuss your financial goals, financial needs, level of investment risk that you are willing to bear and specific investment objectives. Tiedemann will then review your existing portfolio and customize a portfolio of investments including stocks, exchange traded funds (“ETFs”), mutual funds, closed end funds, private fund vehicles, and other investments that can help you meet those goals and financial needs. Tiedemann selects investment advisers to advise private investment fund commingled vehicles, (the “Funds”). These Funds are offered only to Tiedemann clients as part of the investment advisory services. Investors in the Funds must meet certain net worth criteria. As part of the investment advisory services, Tiedemann provides estate planning, cash flow management and other consulting services to separately managed account clients.

If you provide Tiedemann with discretionary authority, Tiedemann will make investment decisions for your account and execute trades on your behalf. Tiedemann also offers non-discretionary services, meaning that Tiedemann will discuss its trade recommendations with you, but you will make the ultimate decisions regarding the purchase or sale of securities. Tiedemann generally requires a $25,000,000 minimum account balance, but may waive the minimum.

As part of the standard services Tiedemann provides, Tiedemann monitors the investments in your account on an ongoing basis, and specifically reviews your account monthly to make sure the investments Tiedemann recommends to you are meeting your financial goals. Additional information can be found by reading Items 4, 5, 8, 12, and 13 of Tiedemann’s Form ADV Part 2A Brochure.

As a retail investor, consider asking for additional information. Sample questions below:

  • Given my financial situation, should I choose an investment advisory service? Why or why not?
  • How will you choose investments to recommend to me?
  • What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?

What fees will I pay?

Tiedemann’s annual management fee is generally up to 0.85% of a client’s assets under management but may vary by client needs. Tiedemann’s fees are billed quarterly in arrears and are debited from your account or invoiced to you. Because Tiedemann is paid based on the assets in its clients’ accounts, there is an inherent incentive for Tiedemann to encourage a client to increase the assets under management in their account to earn higher fees.

Description of Other Fees and Costs

You may be charged additional fees and/or expenses by third parties that include, but are not limited to, custodial fees, brokerage commissions, mutual fund fees and transaction fees. Private Funds not advised by Tiedemann also charge management and/or performance fees in addition to Tiedemann’s fees. You will be responsible for expenses

incurred by Funds advised by Tiedemann. All these fees are paid by you in addition to the management fees you pay to Tiedemann on these investments. Tiedemann does not receive any portion of these commissions, fees or costs. Depending on the type of advisory services Tiedemann provides to clients, Tiedemann may charge a flat fee for extended family office (bill payment, bookkeeping) services.

You will pay fees and expenses whether you make or lose money on your investments. Fees and expenses will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. Additional information is available by reading Items 5, 12 and 15 of our Form ADV Part 2A Brochure.

As a retail investor, consider asking for additional information. Sample questions below:

  • Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs and how much will be invested for me?

What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?

When Tiedemann acts as your investment adviser, Tiedemann must act in your best interest, and not put its interest ahead of yours. At the same time, the way Tiedemann makes money creates some conflicts with your interests. You should understand and ask about these conflicts because they can affect the investment advice Tiedemann provides you. Here are some examples to help you understand what that means:

Tiedemann has many clients, which means that their financial professionals may have a conflict in allocating time and investments to different clients. To address this conflict, Tiedemann has procedures in place to monitor client portfolios. Tiedemann typically recommends custody of client accounts with Fidelity Brokerage Services LLC (“Fidelity”) and/or Charles Schwab & Co., Inc. (“Schwab”). Fidelity and Schwab provide certain support services related to the transition of client accounts to Tiedemann. You do not pay more because of these arrangements, but Tiedemann benefits as these costs are not borne by Tiedemann. For additional information about our conflicts of interest, please read Items 5, 11, 12 and 14 of Tiedemann’s Form ADV Part 2A Brochure.

As a retail investor, consider asking for additional information. Sample question below:

  • How might your conflicts of interest affect me and how will you address them?

How do your financial professionals make money?

The compensation of Tiedemann financial professionals is determined at Tiedemann’s discretion and is based on contracting with new clients, increasing assets under management, and other factors.

Do you or your financial professionals have legal or disciplinary history?

No, Tiedemann and their financial professionals do not have legal or disciplinary history. Additional information can be found in Item 9 of our Form ADV Part 2A Brochure. Please visit Investor.gov/CRS for a free and simple search tool to research Tiedemann and their financial professionals.

As a retail investor, consider asking for additional information. Sample questions below:

  • As a financial professional, do you have any disciplinary history? For what type of conduct?

Additional Information

Please contact us at 212-396-5900 or compliance@tiedemannadvisors.com for additional information about Tiedemann’s investment advisory services or to request a copy of this relationship summary.

As a retail investor, consider asking for additional information. Sample questions below:

  • Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?

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