Customer Relationship Summary

Carter Terry & Company, Inc. is a registered investment advisor with the SEC as well as a registered broker-dealer with the SEC and a member of FINRA. We are both an investment advisor who provides advisory accounts and services as well as a broker-dealer who provides brokerage accounts and services. It is important to understand the differences and fees charged for such. For your convenience, free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers and investing.

What investment services and advice can you provide me?

In our investment advisory firm, clients investment accounts that are managed by our investment adviser representatives (IARs) may consist of stocks, bonds, mutual funds, and exchange-traded funds (“ETFs”). As a condition for starting and maintaining an advisory relationship with us, we generally require that you have a minimum investment account of $25,000. Your investment accounts and the investment strategies utilized are based upon your specific individual investment objectives, goals and risk tolerances. Our IARs may periodically adjust your account (a process referred to as “rebalancing”) to help ensure that your investment account remains consistent with your objectives, goals, and risk tolerances.

Our IARs review your account on an on-going basis to determine whether your investments and investment strategies are performing in a manner consistent with your stated objectives. Your IAR will contact you at least annually (or more often as agreed upon with you) to review your account with you and to update your financial status, goals, objectives, and risk tolerances.

In our broker-dealer firm, an excellent first step in establishing your relationship with us is setting up an Investment access account, which includes: A minimum initial investment of only $1,000 in cash and/or securities; No minimum balance once the account is opened; No annual account fee; A choice of three professionally managed money-market-fund portfolios: money-market, government securities 1, and tax-exempt. The investment accounts managed by our registered representatives (RRs) may consist of stocks, bonds, options, mutual funds, and exchange-traded funds (“ETFs”). Your investment accounts and the investment strategies utilized are based upon your specific individual investment objectives, goals and risk tolerances. Our RRs may periodically adjust your account (a process referred to as “rebalancing”) to help ensure that your investment account remains consistent with your objectives, goals, and risk tolerances.

Our RRs review your account on an on-going basis to determine whether your investments and investment strategies are performing in a manner consistent with your stated objectives. Your RR will contact you at least annually (or more often as agreed upon with you) to review your account with you and to update your financial status, goals, objectives, and risk tolerances.

Some questions you might ask one of our representatives

Given my financial situation, should I choose an investment advisory service? Should I choose a brokerage service? Should I choose both types of services? Why or why not?
How will you choose investments to recommend to me?
What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?

What fees will I pay?

For our investment advisory firm, all fees are negotiable at our sole discretion. Our fees are charged based on the floating rate schedule below.

Our maximum fees for the direct management of your account under a Floating Flat Rate Schedule are as follows:

Assets Under Management Maximum Annual Fee*
$ 0 – $100,000 2.00%
$100,001 – $500,000 2.00%
$500,001 – $1,000,000 2.00%
$1,000,001 to $2,000,000 2.00%
$2,000,001 to $5,000,000 1.75%
Over $5 million 1.50%

*All fees are negotiable and defined in your Investment Advisory Agreement.
Example Floating Flat Fee Calculation based on $2,015,000 assets: Annual Fee = $2,015,000 x 1.75%

In addition to our fee, you may be required to pay other charges such as:

  • Custodial fees;
  • Internal fees and expenses charged by mutual funds, ETFs and variable annuities;
  • Fees charged by third party money managers;
  • Maintenance and termination fees for IRAs, certain retirement and qualified accounts;
  • And, other fees, commissions and taxes on brokerage accounts and securities transactions.

None of these fees are paid to or shared with our investment advisory firm.

Our broker-dealer firm receives compensation for each transaction-based on a standardized commission rate. Some fees are set by mutual fund and insurance companies.

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

A question you might ask one of our representatives

Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?

What are your legal obligations to me when providing recommendations as my broker-dealer or when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have? When we provide you with a recommendation as your broker-dealer or act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the recommendations and investment advice we provide you. Here are some examples to help you understand what this means.

Our IARs may also be licensed to sell insurance products through various insurance companies that are unaffiliated with us. As such, they may receive commissions from any insurance products you purchase through them.

The arrangements described above may present a conflict of interest because they could create an incentive for your IAR to make recommendations based upon the amount of compensation he or she could receive rather than based upon your particular needs. We are nonetheless committed to acting in your best interests at all times.

We do not buy or sell securities for our own account that we also recommend to you. Our IARs and employees are permitted to buy or sell the same securities for their personal and family accounts that are bought or sold for your account.

 Our RRs will make purchases or sales of securities for your account abased upon your financial status, goals, objectives, and risk tolerances. 

A question you might ask one of our representatives

How might your conflicts of interest affect me, and how will you address them?

How do your financial professionals make money?

Our IARs may also be registered representatives of our broker-dealer, which is a member of Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). If you choose to effect securities transactions through your IAR in their capacity as a registered representative of a broker-dealer, your IAR may receive commissions and other compensation from those transactions. For example, your IAR may receive 12b-1 fees, which are fees paid by mutual fund companies for the on-going marketing of their investment products. No representatives will receive commissions on advisory accounts nor will they receive 12b-1 fees on these accounts. 

Our (RRs) are compensated by a standardzied commission rate or fees paid by mutual fund or insurance compainies. They have the ability to discount the commissions paid by the customer but are not able to exceed the standard rate.  

Do you or your financial professionals have legal or disciplinary history?
No.

Investor.gov/CRS can be used as a free and simple search tool to research us and all our financial professionals.

A question you might ask one of our representatives

As a financial professional, do you have any disciplinary history? For what type of conduct?

 Additional information about our services can be found on the Firm’s website at ww.carterterry.com 

You can also request up-to-date information about our firm as well as a copy of our relationship summary via

Carter Terry & Co. Inc
3060 Peachtree Road Suite 1200
Atlanta GA 30305
404-364-2070
Email: tterry@carterterry.com

A question you might ask one of our representatives

Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?

Contact Us

Carter, Terry & Company, Inc. Carter, Terry & Company, Inc. Carter, Terry & Company, Inc.
3060 Peachtree Rd, NW Suite 1200, Atlanta, GA 30305
Phone: 404-364-2070404-364-2070   •   FAX: 404-364-2079