INVESTMENTMANAGEMENT

Form CRS

M.Kraus & Company is registered with the Securities and Exchange Commission as an investment adviser and, as such, we provide advisory services rather than brokerage services. Brokerage and investment advisory services and fees differ and it is important for you, our client, to understand the differences. Additionally, free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about brokerdealers, investment advisers, and investing. This document is a summary of the services and fees we offer to "retail" investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.

 

What investment services and advice can you provide me?

We offer the following investment advisory services to retail investors: Portfolio Management Services. For a description of each service listed above, refer to our Form ADV Part 2A disclosure by clicking the following link Form ADV Part 2A. Refer to Items 4, 7, 13 and 16.

https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=614960

Account Monitoring If you open an investment account with our firm, as part of our standard service we will monitor your investments on an ongoing basis and will provide you with quarterly reporting on your portfolio.

Investment Authority We manage investment accounts on a discretionary basis whereby we will decide which investments to buy or sell for your account. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. We also offer non-discretionary investment management services whereby we will provide advice, but you will ultimately decide which investments to buy and sell for your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.

Investment Types Our investment discretion includes the following types of investments or products: equity securities, corporate debt securities (other than commercial paper), commercial paper, certificates of deposit, municipal securities, United States government securities, money market funds, mutual funds and ETFs.

Account Minimums and Requirements In general, we require a minimum account size to open and maintain an advisory account, which may be waived in our discretion.

 

Key Questions to Ask Your Financial Professional

 

What fees will I pay?

The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services. For detailed information, refer to our Form ADV Part 2 below:

https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=614960

Examples of the most common fees and costs applicable to our clients are:

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.

 

Key Questions to Ask Your Financial Professional

 

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 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 your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you.

Refer to our Form ADV Part 2 below Items 5, 10, 12, and 14 to help you understand what conflicts exist:

https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=614960

 

How do your financial professionals make money?

Our Company and the financial professional servicing your account(s) are compensated in the following ways: Salary and Bonus.

 

Do you or your financial professionals have legal or disciplinary history?

No. Our firm and our financial professionals have no legal or disciplinary history to disclose. Visit Investor.gov/CRS for a free and simple research tool.

 

Key Questions to Ask Your Financial Professional

 

You can find additional information about your investment advisory services and request a copy of the relationship summary at 802-985-2620 or clicking the link provided Form ADV Part 2A:

https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=614960

 

Key Questions to Ask Your Financial Professional

 

M.Kraus & Company
June 26, 2020
FORM CRS