Aldebaran Capital, LLC

Aldebaran Capital, LLC, established in January 1999 in Indianapolis, Indiana, by Kenneth R. Skarbeck, CFA, and Edward A. Skarbeck, is a fee-only investment advisory firm specializing in managing stock portfolios for individual investors, businesses, and institutions. The firm follows a fundamental "value" approach, seeking to identify discrepancies between stock market prices and underlying business values to reduce risk and achieve long-term investment results. Aldebaran Capital manages accounts separately, registered in each client's name, and held at a third-party Custodian. The firm's investment management services are tailored to individual clients, with most assets under management being discretionary. The minimum investment to open a managed account is generally $100,000, which may be waived at the firm's discretion. Aldebaran Capital charges an annual fee based on assets under management, with a negotiable fee schedule. The firm does not charge performance-based fees and does not participate in wrap fee programs. Clients have the option to terminate services at any time without penalty. Aldebaran Capital does not engage in other financial industry activities, maintains a code of ethics, and has no disciplinary history. The firm's investment strategy focuses on value investing, with a long-term perspective and low portfolio turnover. Clients receive regular account reviews, statements, and reports, and the firm provides a comprehensive annual report. Aldebaran Capital has no financial condition likely to impair its ability to meet client commitments and is registered with the Securities and Exchange Commission.