Terms of Investment

GCG believes that past market activity has increased the need for transparency and liquidity (at least for the near-term) so investment offerings managed by GCG are set up as individually managed accounts in the client’s name – i.e. no commingling of assets as is the case with a mutual fund or hedge fund. Assets are custodied and valued at an independent Custodian, currently Fidelity Investments, and clients are provided with direct access to their accounts on virtually a real-time basis. Currently, the Terms of Investment are as follows, but these are subject to change in the future:

Investment Manager: Gramercy Consulting Group LLC
Registration: Registered Investment Advisor
Portfolio Manager: Ashok Gangolli
Investment Vehicle: Managed account at Fidelity in client’s name.
Investment Objective: Customized mix between Bond Portfolio and Limited Risk Portfolio dependent on client risk tolerance as documented within an Investment Advisor Agreement.
Minimum Investment: None specified. Dependent on individual situation.
Management Fee: Dependent on assets invested. Typically 1.00% per annum, charged quarterly in arrears based on assets under management. See Fee Schedule.
Lockup: None
Liquidity: Daily
Early Redemption Fee: None
Notice Period: 3 business days
Incentive Fee/Allocation: None
Transparency: Full transparency with direct online access to Fidelity managed account.
Administrator / Valuation Agent: Statements directly from Fidelity
Prime Broker: Fidelity unless otherwise directed
Legal Counsel: InVigor Law Group (WA)
Accountant (for GCG): The Green Group (NJ)
Custodian: Fidelity Institutional Wealth Services
Domicile: Onshore US (Fidelity)

Gramercy Consulting Group LLC is a registered investment adviser in the State of Washington.  The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration.   Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.