Carmandalian Financial Group, LLC

Carmandalian Financial Group, LLC advises individuals (including high net worth clients), trusts, retirement plans and business entities, offering discretionary portfolio management and a sponsored wrap-fee program under the CFG Wealth Wrap brochure. The firm’s wrap offering is limited to its tax-exempt fixed income and total return portfolio models, while other equity strategies are available on a non-wrap basis.

CFG Wealth employs an active investment process guided by a Wealth Simulation to set risk/return parameters and uses both fundamental and technical analysis to build individualized portfolios from mutual funds, ETFs and other securities. Portfolios may include derivatives exposure (including leveraged ETFs and options) and the firm discloses the use of margin borrowing where appropriate as part of its total-return and income strategies.

Noteworthy for a firm of its size, CFG both sponsors a wrap-fee program and absorbs custodial transaction costs for wrap clients, a practice the brochure identifies as creating an incentive to favor securities that do not incur transaction charges. The brochure further discloses the firm’s use of margin and derivatives in managed accounts and that advisory fees may be assessed on cash and cash equivalents, which affects the firm’s risk profile and client cost considerations relative to many peers.