Cali Advisory (DBA) – Internet Adviser documentation (coming soon).
This page is a placeholder for the formal regulatory documents that will govern Cali Advisory (DBA)'s future Internet Investment Adviser offering. Once registration is effective, this is where you'll find links to the firm's Form ADV, advisory agreements, Form CRS (if applicable), and fee disclosures.
Until registration is complete, all descriptions of advisory functions are illustrative of the intended model and do not constitute an offer of, or agreement to provide, investment advisory services.
Form ADV Part 1 & Part 2A (coming soon)
Cali Advisory (DBA) intends to file Form ADV with the U.S. Securities and Exchange Commission to register as an Internet Investment Adviser under Rule 203A-2(e). Once that filing is accepted:
- Part 1 will include core information about the firm, its ownership, and business lines.
- Part 2A (brochure) will describe services, fees, conflicts, and material risks in plain language.
- Links to the most recent ADV filing will be posted here for public access.
Status: registration not yet effective; ADV links will appear here once available.
Internet Adviser model summary
The planned advisory model is designed to qualify as an Internet Investment Adviser, where:
- Individualized portfolio proposals and recommendations are generated algorithmically and delivered exclusively through an interactive web-based interface.
- Cali Advisory personnel do not provide personalized investment advice or recommendations outside the platform.
- Inputs, outputs, and model logic are designed to be logged for supervision, testing, and books-and-records obligations.
A full description of the advisory method, material risks, and limitations will appear in the Form ADV Part 2A brochure once registration is effective.
Form CRS – Client Relationship Summary (coming soon, if applicable)
If Cali Advisory (DBA) offers advisory services to retail investors, the firm expects to prepare and deliver a Form CRS (Client Relationship Summary) in accordance with applicable SEC requirements. Form CRS is a brief, plain-language document that describes:
- The types of advisory services the firm offers to retail investors.
- How the firm and its personnel are compensated.
- Key conflicts of interest and how they are managed or mitigated.
- Whether the firm or its personnel have reportable disciplinary history.
- Suggested questions that clients may wish to ask about the relationship.
A finalized Form CRS, if required, will be made available here and through the SEC's public reporting systems once prepared and filed.
Advisory agreement (coming soon)
Clients of Cali Advisory (DBA) will be required to enter into a written advisory agreement that describes:
- The scope of services and limitations of the Internet Adviser model.
- Fees and billing practices.
- Client responsibilities, including providing accurate information.
- Risk disclosures, conflicts, and important legal terms.
A summary of key terms will be posted here for reference once the standard advisory agreement is finalized.
Fees & compensation (coming soon)
Exact fee structures will be described in Cali Advisory (DBA)'s Form ADV and advisory agreements, but are expected to take the form of:
- Advisory fees based on assets under management and/or flat subscription.
- No commissions on individual securities or digital asset transactions through Cali itself.
- Clear disclosure of any third-party platforms, custodians, or execution partners used in connection with the advisory program.
Detailed fee tables and examples will be made available here once finalized and disclosed in Form ADV.