NEW YORK OFFICE
530 7th Avenue, Suite 902
New York, NY 10018
Dalmore Group LLC
Dalmore Group LLC (“Dalmore”) is registered with the Securities and Exchange Commission (“SEC”) as a broker-dealer and is also a member of Financial Industry Regulatory Authority, Inc. (“FINRA”) and Securities Investor Protection Corporation (“SIPC”). This Form CRS contains important information about the types of services Dalmore offers, along with general information related to compensation, conflicts of interest, disciplinary action, and other reportable legal information. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
What investment services and advice can you provide me?
Dalmore offers limited investment products and services. Specifically, we offer investors the opportunity to make self-directed investments on an agency-basis of interests in registered and unregistered securities offerings, including private placements offered under Regulation D, Regulation A, Regulation Crowdfunding and EB-5 investment programs. Other security products or brokerage services may be more suitable for you.
We do not enter into a fiduciary relationship with you. It is also your responsibility to monitor the investments you make, and we encourage you to do so regularly. We do not commit to provide on-going monitoring of your investments. Dalmore Group does not open or maintain customer brokerage accounts. Your investments will be reflected in account statement(s) which will be provided by a financial institution that will maintain your account, as applicable.
Additional information about our services is available through our Best Interest Disclosure Documents, https://www.Dalmoreinc.com/legal/reg-bi.
What fees will I pay?
You will pay certain transaction-based fees (commissions and sales concessions) in connection with investing in a private placement. The applicable fees will vary from offering to offering. That said, there are management fees, organizational and operating expense reimbursement and profit participation/carried interest fees. In offerings related to real estate, there can be acquisition fees, development fees, asset management fees, financing fees, and property management fees. In venture capital and private equity offerings, there can be stock acquisition costs.
Where these fees apply, the more transactions you enter into, the more compensation that we and your financial professional receive. This compensation creates an incentive for us to encourage you to invest in private placements. Commissions and other sales concessions are charged when a transaction occurs. You will be charged more the more transactions you do with our Firm, and we, therefore, have an incentive to encourage you to invest in private placements.
Transaction-based fees are based on a host of factors, including, but not limited to: issuer and the type of offering participated in, size of your transaction and/or overall value of your investment, frequency of your private placement investments, and available discounts and/or fee waivers.
You will pay fees whether you make or lose money on your investments. Fees may reduce any amount of money you make on your investments over time. Please make sure you understand what fees you are paying. Additional information about our fees is available on our Best Interest Disclosure Document and in the PPM or similar offering document.
What are your legal obligations to me when providing recommendations as my broker-dealer? How else does the firm make money and what conflicts of interest do you have?
Dalmore does not make investment recommendation to its customers. We provide the ability to make self-directed investments in certain registered and unregistered securities and securities offerings.
Dalmore generates revenue as a result of transaction-based fee structures and other financial arrangements between us and third parties. Securities rules allow for us to earn fees when we provide brokerage services to you. The fees that we receive from you vary based upon the product or services you purchase.
Conflicts of Interest
Registered Representatives may invest in the same products offered to customers. Dalmore has procedures to monitor the personal trading activities and securities holdings of each of its Registered Representatives and includes procedures for limitations on personal securities transactions of associated persons. These policies are designed to discourage and prohibit personal trading that would disadvantage customers.
Additional information about our conflicts of interest is available on our Regulatory Best Interest Disclosure Brochure and your Customer Agreement.
How do your financial professionals make money?
Registered Representatives earn a portion of the commissions and other transaction fees you pay. As commissions are based on a number of factors, so is the compensation paid to our Registered Representatives. For example, certain products pay higher commission rates than others. Employee bonuses may be paid based on the overall profitability of Dalmore.
Do you or your financial professionals have legal or disciplinary history?
You can visit https://www.Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
Additional information, including our most recent Relationship Summary, is available by calling your Registered Representative at (929) 207-3164 to request up-to-date information and a copy of the Relationship Summary or by visiting https://files.brokercheck.finra.org/crs_136352.pdf