Form CRS
Blank Equity Management LLC
February 06, 2024
FORM CRS
Blank Equity Management LLC is registered with the Securities and Exchange Commission as an investment adviser and, as such, we provide advisory services rather than brokerage services. Brokerage and investment advisory services and fees differ and it is important for you, our client, to understand the differences. Additionally, 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. This document is a summary of the services and fees we offer to "retail" investors, which are natural persons who seek or receive services primarily for personal, family, or household
purposes.
What investment services and advice can you provide me?
We offer the following investment advisory services to retail investors: Financial Planning Services (ConsultingServices); Investment Management Services; and non-discretionary Retirement Plan Consulting Services.
Account Monitoring If you open an investment account with our firm, as part of our standard service we will monitor your investments on a continuous basis.
Investment Authority We manage investment management accounts on a discretionary basis whereby we will decide which investments to buy or sell for your account. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and
guidelines in writing. Other services such as retirement planning are conducted on a non-discretionary basis.
Investment Offerings We provide advice on various types of investments. Our services are not limited to a specific type of investment or product.
Account Minimums and Requirements In general, we do not require a minimum dollar amount to open and maintain an advisory account; however, we have the right to terminate your account if it falls below a minimum size which, in our sole opinion, is too small to manage effectively.
Detailed information regarding our services, fees and other disclosures can be found in our Form ADV Part 2A Items 4, 7, and 8 Brochure by clicking this link https://adviserinfo.sec.gov/firm/brochure/153570.
Key Questions to 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?
What fees will I pay?
The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services. For detailed information, refer to our Form ADV Part 2A and Form ADV Part 2 Appendix 1 Brochures by clicking this link https://adviserinfo.sec.gov/firm/brochure/153570.
• Asset Based Fees - Payable quarterly in advance. Since the fees we receive are asset-based (i.e. based on the value of your account), we have an incentive to increase your account value which creates a conflict especially for those accounts holding illiquid or hard-to-value assets;
• Hourly Fees - Payable In advance;
• Fixed Fees - Payable In advance;
• Clients pay the following addition fees and/or expenses associated with ETF and mutual fund (fund expenses).
Examples of the most common fees and costs applicable to our clients are:
• Custodian fees;
• Account maintenance fees;
• Fees related to mutual funds and exchange-traded funds;
• Transaction charges when purchasing or selling securities; and
• Other product-level fees associated with your investments.
Charging advisory fees based on account value provides us with the incentive to encourage clients to increase their account assets as the more assets in a client account, the more the client will pay us in fees; we aim to mitigate this conflict by managing similarly situated clients similarly and through our trading and allocation practices that seek to treat accounts fairly over time without regard to the fees they pay us.
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.For detailed information, refer to our Form ADV Part 2A, Item 5 and 6 Brochure by clicking this link https://adviserinfo.sec.gov/firm/brochure/153570.
Key Questions to Ask Your Financial Professional
• 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 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.
• We do not make any money from our investment advisory services except as described above.
Key Questions to Ask Your Financial Professional
• How might your conflicts of interest affect me, and how will you address them?
Refer to our Form ADV Part 2A Brochure by clicking this link https://adviserinfo.sec.gov/firm/brochure/153570 to help
you understand what conflicts exist.
How do your financial professionals make money?
Our Company and the financial professional servicing your account(s) are compensated in the following ways: Salary and compensation based on the amount of client assets they service.
Do you or your financial professionals have legal or disciplinary history?
No, our firm and our financial professionals currently do not have any legal or disciplinary history to disclose.
Visit Investor.gov/CRS for a free and simple research tool.
Key Questions to Ask Your Financial Professional
• As a financial professional, do you have any disciplinary history? For what type of conduct?
You can find additional information about your investment advisory services and request a copy of the relationship
summary at 516-439-5525 or click the link provided https://adviserinfo.sec.gov/firm/brochure/153570.
Key Questions to Ask Your Financial Professional
• 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?