Sapere Wealth Management, LLC

Sapere Wealth Management LLC, established in 2002 by Scott Trease, offers specialized investment services to a select client base. The firm primarily manages portfolios on a discretionary basis, allocating assets among equities, mutual funds, and private investments. Clients may also engage Sapere for financial planning services, with fees ranging from $1,000 to $15,000. The firm charges a 1% annual management fee based on assets under management, prorated quarterly. Clients are required to maintain a minimum account size of $50,000, with a potential minimum quarterly fee of $250. Sapere does not participate in wrap fee programs and does not offer performance-based fees. The firm exercises investment discretion, allowing it to make decisions on behalf of clients without prior consent. Sapere's investment strategy focuses on fundamental, top-down global macroeconomic analysis, seeking above-average returns with minimal risk. The firm has faced disciplinary action in the past, resulting in a settlement agreement with the SEC. Sapere's code of ethics emphasizes fiduciary duty and client interests. The firm recommends utilizing Axos Clearing LLC for custody, brokerage, and clearing services, with fees based on account value. Sapere may receive economic benefits from non-clients and has disclosed potential conflicts of interest related to client referrals and participation in industry panels.