Cohen Klingenstein, LLC

Cohen Klingenstein LLC is a registered investment adviser with the SEC, established in 2008. The firm primarily manages securities portfolios for various clients, including individuals, corporations, trusts, and private investment funds like the CK Diversified Fund LLC. The Diversified Fund offers a tax-sensitive investment strategy and primarily invests in U.S. securities. As of December 31, 2024, the firm managed approximately $2.99 billion of client assets on a discretionary basis. For fees, CK LLC charges advisory fees based on a percentage of assets under management, with rates ranging from 1.00% to 0.40% depending on the asset amount. Fees are negotiable and may be waived at the firm's discretion. The firm does not currently charge performance-based fees but may consider them in the future. Clients have investment discretion, allowing CK LLC to manage accounts based on agreed-upon guidelines. The firm's investment strategy focuses on market-like index equities, emphasizing diversification, low expenses, and tax efficiency. CK LLC's Code of Ethics ensures high standards of business conduct, including personal trading policies and guidelines on gifts and entertainment. The firm does not receive compensation for client referrals and maintains custody of client assets at qualified custodians. CK LLC exercises full discretion over client accounts and the Diversified Fund, voting proxies in the best interests of clients. Financial information is not applicable in this brochure.