Cresap, Inc.

Cresap Inc. is an investment advisor registered with the SEC since 2013, with a history dating back to 1990 under FINRA. The firm primarily manages client assets on a non-discretionary basis, requiring client approval before transactions. The majority of assets are held in the Asset Advisor program at Wells Fargo. A small portion is in the Custom Choice program for mutual funds. Discretionary accounts, managed under the Professional Investment Management (PIM) program, allow advisors to make investment decisions without client approval. Fees are negotiated between the client and advisor, with rates below 2%. There are no commissions on transactions within fee-based accounts, and fees are deducted quarterly based on account value. Cresap Inc. does not charge custody or inactivity fees. The firm's advisors work with clients to develop personalized investment strategies, emphasizing the fiduciary standard of placing client interests first. The firm's management team, led by founder Mark Cresap, boasts extensive experience in the securities industry. Cresap Inc. does not have any disciplinary events, and advisors do not receive compensation for referrals. The firm maintains net capital well above regulatory requirements, ensuring financial stability. Clients receive monthly and quarterly statements from Wells Fargo, the custodian of the vast majority of advisory client assets.