Item 1: Introduction
KASTEL CAPITAL ADVISORS, LLC is an investment adviser registered with the Securities and Exchange Commission offering advisory accounts and services. This document gives you a summary of the types of services and fees we offer. Please visit www.investor.gov/CRS for free, simple tools to research firms and for educational materials about broker-dealers, investment advisers, and investing.
Item 2: What investment services and advice can you provide me?
Our firm primarily offers the following investment advisory services to retail clients: portfolio management (we review your portfolio, investment strategy, and investments); financial planning (we assess your financial situation and provide advice to meet your goals). As part of our standard services, we typically monitor client accounts daily. Our firm offers both discretionary advisory services (where our firm makes the decision regarding the purchase or sale of investments) as well as non-discretionary services (where the retail investor makes the ultimate decision). We limit the types of investments that are recommended since not every type of investment vehicle is needed to create an appropriate portfolio. Our firm has a minimum account size of $500,000. Please also see our Form ADV Part 2A (“Brochure”), specifically Items 4 & 7.
Conversation Starters: Ask your financial professional.
• 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?
Item 3: What fees will I pay?
Our fees vary depending on the services you receive. If you pay asset-based fees, the amount of assets in your account affects our advisory fee; the more assets you have in your advisory account, the more you will pay us and thus we have an incentive to increase those assets in order to increase our fee. For hourly fee arrangements, each additional hour (or portion therefore) we spend working for you would increase the advisory fee. Our fixed fee arrangements are based on the amount of work we expect to perform for you, so material changes in that amount of work will affect the advisory fee we quote you. Portfolio asset-based management fees are typically charged quarterly in arrears. You pay our fees even if you do not have any transactions and the advisory fee paid to us generally does not vary based on the type of investments selected.
You may also be subject to fees imposed by other parties independent from our Firm. These fees may be imposed by certain investment products such as Mutual Funds, ETFs and Closed End Funds. These additional fees are exclusive of and in addition to our compensation. You will pay fees and costs whether you make or lose money on your investments. Fees and costs 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.
Conversation Starters:
• 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?
Item 4: What are your legal obligations to me when acting as my investment advisor? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.
Our firm’s representatives may buy or sell securities for themselves at or around the same time as clients. This may provide an opportunity for our representatives to buy or sell securities before or after recommending securities to clients resulting in representatives profiting off the recommendations they provide to clients. Such transactions may create a conflict of interest. However, our firm will never engage in trading that operates to the client’s disadvantage if our
representatives buy or sell securities at or around the same time as clients.
Conversation Starters:
• How might your conflicts of interest affect me, and how will you address them?
Item 5: How do your Financials Professionals make money?
Fees are earned for managing client assets and/or providing financial planning and other wealth management services. Please refer to the firm's ADV Part 2A, Item 5 for the fee schedule. Our firm’s advisors do not receive any incentive compensation from any product provider. Our advisors also do not receive additional compensation for the revenue the firm makes on any professional’s
recommendations.
Item 6: Do your financial professionals have legal or disciplinary history?
No. For a free and simple search tool to research our firm and your financial professional, visit Investor.gov/CRS.
Conversation Starters:
• 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?
Item 7: Additional Information
For additional information on our advisory services, see our Brochure available at
https://adviserinfo.sec.gov/firm/summary/226520 and any individual brochure supplement your representative provides. If you have any questions, need additional up-to-date, or want another copy of this Client Relationship Summary, then please contact us at (508) 479-0632.