Frequently Asked Questions
- What services do you provide?
- What are your fees?
- What is the minimum investment?
- How are you compensated and when do you get paid?
- Can you manage my IRA, which is now at another company?
- What happens to the custody of my accounts?
- Am I locked-in? Are there termination penalties?
What services do you provide?
CIMI provides asset management services through separately managed accounts, private funds and the Cambria Global Tactical ETF (GTAA).
What are your fees?
The fees for separately managed accounts are a flat 1%.
The fee is an annual percentage fee, and is billed quarterly by taking the value of the managed assets at the beginning of each calendar quarter and applying one-fourth of that annual percentage fee. We do not receive commissions on transactions and we accept no other forms of compensation from investment product providers or financial institutions.
Information on the Cambria Global Tactical Funds is available to accredited investors only. For access to this information, please contact Sarah Brown at 310-683-5500 for more information.
What is the minimum investment?
The minimum investment for our separate accounts is currently $1,000,000.
How are you compensated and when do you get paid?
We charge a management fee based upon a percentage of the value of the assets we manage. The fee is an annual percentage fee, and is billed quarterly by taking the value of the managed assets at the beginning of each calendar quarter and applying one-fourth of that annual percentage fee. We do not receive commissions on transactions and we accept no other forms of compensation from investment product providers or financial institutions.
Can you manage my IRA, which is now at another company?
Yes, we manage many IRA accounts. We can prepare the paperwork for your signature to order a direct transfer of assets from your present custodian to your new one.
What happens to the custody of my accounts?
We do not have legal custody of our clients’ accounts. Cambria uses Fidelity Investments as our custodian. We operate pursuant to an investment advisory contract that provides us with the limited power to trade our clients’ accounts, receive duplicate statements, invoice client accounts for our fees, and make cash distributions directly to our clients at their request. We have no ability to access your cash, and we think this is an important attribute of Cambria given the recent scandals on Wall Street.
Am I locked-in? Are their termination penalties?
There are no barriers to exit a relationship with Cambria Investment Management. The relationship is terminable on written notice at any time. There are no forced liquidations, termination fees, back-end loads, redemption fees or other charges associated with the termination of an advisory relationship with our firm.