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Aldebaran Financial Inc. is a registered investment advisor operating under the laws of the United States and the jurisdiction of the Securities and Exchange Commission. In addition to being registered in the state of Tennessee, Aldebaran Financial is also fully registered in the states of Florida, Virginia and West Virginia. Aldebaran Financial does also manage investments in other states that have grandfather laws based on a limit of accounts to be managed. This is normally five or less. Formed in 1987, Aldebaran Financial became active money manager in January of 1993. Since that time, the assets under management have grown to approximately $200,000,000.00. Aldebaran Financial serves a combination of accounts from personal to corporate. Each account is managed separately under the guidelines established by the account and based on the needs specific to that client. There are four active portfolio managers and a support staff of four. Aldebaran Financial inc. has a strict privacy policy. No customer names or information are ever released to anyone other than those designated by the client. Aldebaran Financial does not physically hold the assets of the client. All assets are held in off site custodial accounts in the name of the client exclusively. Aldebaran Financial only has a limited power of attorney to buy and sell securities within the account. All original statements and confirmations are sent to the customer. Statements are generated independent of the manager and sent directly to the customer. The custodians normally used are members of the New York stock exchange and are classified as “discount” brokers. Occasionally a bank is used as a custodian. Regardless of who is used, the advisor still only has a limited power of attorney for trading within the account. Aldebaran Financial inc. has maintained its fee structure since its inception in 1993. The fee charged for managed accounts is set at three quarters (.0075) of one percent annually or .001875 quarterly on the assets held within the account at quarters end. Those dates are March 31, June 30, September 30 and December 31. Fees are always taken after the quarter and not in advance. Often, no fee is taken in the first quarter of an account being established to avoid overlap with a prior manager and to allow all assets to be fully transferred and to be under management before a fee is taken. For example, if an account is transferred during the third quarter, no fee would actually be charged until January of the next year. For example – if the account balance was $100,000.00 on December 31st, 2008 the fee would be $100K times .001875 or $187.50. Normally the fee is charged directly against the account via the custodian. However, the fee for tax deductible purposes can be invoiced to the client direct. This is especially important in tax exempt accounts such as pension or other retirement type of accounts. Investments in accounts range from really aggressive to zero tolerance for risk. If you would pick a standard account of Aldebaran Financial you would see a mix between a fixed income section including governments, agencies and preferred stock and the equity portion. This allocation to fixed investments allows an account that has been more aggressive in the equity area not to have everything depend on an unsure stock market. This has allowed many of our accounts to maintain their value during the last three years of turbulent equity markets. Each account as indicated is individually managed with as much or a little input as the client desires. As such, all accounts are different in nature and results. The type of account desired will be determined when meeting with the client. Under a strict internal policy, Aldebaran Financial does not allow any type of conflict of interest. There are no broker-dealer soft or hard dollar arrangements. All research and product support items are fully paid for and nothing requires Aldebaran to manage an account other than in the best interests of the client. Aldebaran has no debt and maintains a healthy liquid balance sheet. Client meetings are encouraged. As the four portfolio managers are here in Colonial Heights, Tennessee (centrally located for the Tri-Cities) near interstate 81, most clients are within a 15 to 20 minute drive.
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