Cresap Inc. is a registered investment advisor and introducing broker-dealer that offers personalized investment management services to individual retail investors. The firm operates primarily through clearing arrangements with Wells Fargo Clearing Services, offering both non-discretionary and discretionary account programs. In non-discretionary programs like Asset Advisor and Custom Choice, financial advisors collaborate with clients on securities selection before executing trades. In discretionary programs like Private Investment Management, advisors have the authority to make portfolio decisions without prior client approval. Cresap Inc. works with clients to build investment strategies tailored to their individual financial goals, ranging from steady income generation to long-term capital growth. The firm reviews all accounts regularly to ensure alignment with client objectives and standard industry practices.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.00% |
Fees are set by agreement between the client and advisor. Maximum rates are typically 1.5% for Asset Advisor, 1.2% for Custom Choice, and 2% for Private Investment Management.