Legal
Client Relationship Summary
Form CRS, a plain-language summary of our services, fees, and obligations to you.
alooola, LLC is a registered Investment Advisor with the Securities and Exchange Commission. Investment advisory services and brokerage fees differ. It is important to understand the differences. Free and simple tools are available to research firms and financial professionals at www.investor.gov, which also provides educational materials about investment advisers, broker-dealers, and investing.
What investment services and advice can you provide me?
alooola, LLC focuses on providing financial advice to a diverse and customarily under-served population of young professionals with low asset balances and with a long-term time horizon to retirement using a personalized and technologically-driven platform. alooola, LLC seeks to increase the long-term financial stability and wealth of its clients through a process that is supported by an advisory team and a technology platform originated by alooola, LLC. alooola, LLC is expected to appeal to a young professional client base that has minimal investment assets and wishes to grow those assets to meet retirement and non-retirement goals through simple investment strategies. Other prospective clients may be attracted to the service for its fee schedule, its reliance on technology, or the remote advisory services offered to support the client.
alooola, LLC Advisory Management Program
This program only provides the client the investment management services of the investment adviser for a fee based on the level of client assets in the managed accounts. This program does not include coverage for all security transaction costs, nor will there be a performance report generated. Such services can be added by our affiliated entities for additional costs.
Products and services are presented to prospective clients prior to account opening and ultimately it is the decision of the client which product and services best meet their financial objectives and goals. All alooola, LLC accounts are discretionary. Please see alooola's ADV at www.alooola.com and/or contact alooola's Chief Compliance Officer at (484) 275-5525.
What fees will I pay?
Fee advisory programs
All alooola clients participate in alooola's tiered fee program. alooola's tiered fee program features asset management services for a fee based on the level of the client assets under management as outlined in the fee chart below. The tiered fee program includes asset management services provided by alooola, and securities transaction costs (ticket charges, transaction service fees) for the trades done under the program.
- Tier 1 — AUM < $25,000 — 0.25% of AUM annually
- Tier 2 — AUM > $25,000 — 0.50% of AUM annually
On a hypothetical account balance of $1,000, a client will pay $2.5 annually in fees. On a hypothetical account balance of $100,000, a client will pay $500 annually in fees. You will pay a tiered fee according to the table above. Fees will reduce client account balances as they are deducted. Please make sure you understand what fees and costs you are paying.
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When alooola, LLC acts as your investment adviser, we must act in your best interest and not put our own interest ahead of yours. At the same time, the way we make money can create some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide to you.
alooola, LLC is affiliated with Glen Eagle Wealth, LLC (“GEW”), a FINRA registered broker-dealer, and Glen Eagle Advisors, LLC (“GEA”), an SEC-registered investment advisor. These affiliations may create conflicts of interest. You should understand and ask us about these conflicts because they can impact the services we provide.
Registered personnel of alooola, LLC, including senior management, compliance, back-office operations, and brokers, may also engage in the activities on behalf of GEW and GEA and such work may be provided at the expense of alooola, LLC. In addition, registered personnel of alooola, LLC may recommend services offered by GEW and GEA including insurance products and money market funds which may result in additional fees that could directly or indirectly benefit the recommending registered person. Clients of alooola, LLC have the option to become clients of GEW and/or GEA and vice versa. Available investment products and vehicles offered by both firms will be discussed with each client on an individual basis and recommendations will be made strictly with the client's personal and financial goals in mind. For an additional discussion of potential conflicts of interest please see alooola's Form ADV at www.alooola.com and/or contact Chief Compliance Officer at (484) 275-5525.
How do your financial professionals make money?
Each of our associated persons may receive a salary and other regular annual compensation, an annual bonus, as determined by senior management or a percentage of fees earned in accounts they service, which could incentivize such advisor to sell as much as possible.
You may find additional information about our investment advisory services and request a copy of this relationship summary at info@alooola.com or by calling (484) 275-5525. Call (484) 275-5525 to request up-to-date information about alooola, LLC.
Do you or your financial professionals have a legal or disciplinary history?
No. Visit www.Investor.gov for a free and simple search tool to research us and your registered representative.