Black Swan Management Group, Inc.

Black Swan Management Group, Inc. is a Texas-registered investment adviser established in 2002 by James B. (Brad) Carroll. The firm offers fee-based services such as portfolio management and manager due diligence. They provide a range of portfolios designed for registered investment advisers and retail clients, focusing on risk management and diversification across asset classes. Notable changes include a reduction in starting fees to 0.1%, removal of account minimums for most portfolios, and the exclusion of certain investment strategies like short sales and options. Clients can expect fees ranging from 0.10% to 2.25% annually, deducted from client assets. Black Swan may accept performance-based fees for qualified clients. The firm caters to individuals, trusts, estates, charitable organizations, and corporations, with a $50,000 minimum for the Live Oak portfolio. Investment strategies include long-term purchases, short-term purchases, and trading, with discretion over client accounts. Black Swan does not have custody of client funds and does not vote proxies on behalf of clients. The firm emphasizes a fiduciary duty, acting in the best interest of clients, and maintains a Code of Ethics to ensure integrity in all dealings. Supervision is overseen by Brad Carroll.