Form ADV Part 3 – Client Relationship Summary (FORM CRS)
Item 1: Introduction
Oak Harvest Investment Services is an investment adviser registered with the Securities and Exchange Commission offering advisory accounts and services. This document gives you a summary of the types of services and fees we offer. Please visit www.investor.gov/CRS for free, simple tools to research firms and for educational materials about broker‐dealers, investment advisers, and investing.
Item 2: Relationships and Services
Questions to ask us: Given my financial situation, should I choose an investment advisory service? 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 investment services and advice can you provide me? Our firm primarily offers the following investment advisory services to retail clients: portfolio management (we review your portfolio, investment strategy, and investments); financial planning and consulting (we assess your financial situation and provide advice to meet your goals). As part of our standard services, we typically monitor client accounts on a daily basis. Our firm offers both discretionary advisory services(where our firm makes the decision regarding the purchase or sale of investments) as well as non-discretionary services (where the retail investor makes the ultimate decision). We limit the types of investments that are recommended since not every type of investment vehicle is needed to create an appropriate portfolio. Our minimum account size is $250,000, which may be waived at our discretion. Please also see our Form ADV Part 2A (“Brochure”), specifically Items 4 & 7.
Item 3: Fees, Costs, Conflicts, and Standard of Conduct
Question to ask us: 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 acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have? How might your conflicts of interest affect me, and how will you address them?
What fees will I pay? Our fees vary depending on the services you receive. Additionally, the amount of assets in your account affects our advisory fee; the more assets you have in your advisory account, the more you will pay us and thus we have an incentive to increase those assets in order to increase our fee. Our fixed fee arrangements are based on the amount of work we expect to perform for you, so material
changes in that amount of work will affect the advisory fee we quote you. Advisory fees for our portfolio management service offerings are typically charged quarterly at the end of each quarter, while financial planning fees are typically charged in advance, but never more than 6 months in advance. You pay our fees even if you do not have any transactions and the advisory fee paid to us generally does not vary based
on the type of investments selected. Please also see Items 4, 5, 6, 7 & 8 of our Brochure.
Third-Party Costs: Some investments (e.g., mutual funds, ETFs, etc.) impose additional fees (e.g., transactional fees and product‐level fees) that reduce the value of your investment over time. Depending on the type of assets held, you may also pay fees to the custodian that will hold your assets. Additionally, you will typically pay transaction fees when we buy and sell an investment for your account.
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. Please also see our Brochure for additional details.
Conflicts of Interest: When we 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 our interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means:
- Some of our investment advisor representatives are also independent insurance agents. These persons earn commissions for selling insurance products, separate and in addition to our advisory fees. This presents a conflict of interest because they have an incentive to recommend insurance products to you to generate commissions rather than solely based on your needs.
- Recommendations to roll over assets to Oak Harvest create a conflict of interest since we will receive compensation as a result of the rollover.
How do your financial professionals make money? Primarily, we and our financial professionals benefit from the advisory services we provide to you because of the advisory fees we receive from you. This compensation may vary based on different factors, such as those listed above in this Item. Please also see Item 10 of our Brochure for additional details.
Item 4: Disciplinary History
Questions to ask us: As a financial professional, do you have any disciplinary history? For what type of conduct?
Do you or your financial professionals have legal or disciplinary history? Yes, we do have legal and disciplinary events to disclose. Visit https://www.investor.gov/ for a free, simple search tool to research us and our financial professionals.
Item 5: Additional Information
Questions to ask us: 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?
For additional information on our advisory services, see our Brochure available at https://adviserinfo.sec.gov/firm/summary/173293 and any individual brochure supplement your representative provides. If you have any questions, need additional up‐to‐date, or want another copy of this Client Relationship Summary, then please contact us at 281‐822‐1350.
Exhibit A – Material Changes to Client Relationship Summary
Oak Harvest Investment Services has updated Item 3, Conflicts of Interest.