Freestone Capital Management: Platform Profile

Overview

Freestone Capital Management is an SEC-registered investment adviser providing wealth management, investment advisory services, planning and private-fund access.

Current identity:

• Investment adviser: Freestone Capital Management, LLC
• CRD: 145711
• SEC number: 801-69073
• Current Form CRS date: 2026-03-31

The current minimum structure is easy to misstate because the Form CRS contains both:

• no minimum account size; and
• target relationship references.

Current:

• General relationship target: $1,000,000
• Schwab referred target: $2,000,000

May fit better for

• higher-net-worth households seeking comprehensive wealth management;
• clients wanting traditional and alternative investment options;
• families seeking financial planning with portfolio management;
• investors comfortable with discretionary management;
• eligible investors evaluating private funds;
• clients who can absorb minimum annual advisory fees and additional private-fund costs.

May fit less well for

• small portfolios for which a multi-thousand-dollar annual fee minimum would be expensive;
• investors seeking a low-cost automated-only account;
• clients who want no proprietary-product conflicts;
• investors who require daily liquidity across every holding;
• users who assume a $1 million target reference is an unwaivable legal minimum;
• clients who want no insurance-sales conflicts.

There is no hard account minimum

Current March 31, 2026 Form CRS:

Freestone nevertheless says it generally seeks:

• General relationship target: $1,000,000
• Schwab referred target: $2,000,000

Current Schwab-referred target is $2 million

Current 2026 Form CRS:

• Schwab referred target: $2,000,000

Older materials have circulated lower Schwab referral references.

The March 2026 current document controls this package.

New advisory clients generally face a $6,000 annual minimum management fee

Current Form CRS:

• New client minimum annual management fee: $6,000
• Minimum fee waivable: Yes

The firm says it occasionally waives the minimum in its discretion.

Schwab-referred clients typically have:

• Schwab referred minimum annual management fee: $4,000

These are fee floors, not hard asset minimums.

The minimum annual fee does not apply in the first calendar year

Current Form CRS:

• Minimum fee applies first calendar year: No

Existing clients can also have different minimum fees or no minimum fee.

Standard advisory fees are asset-based, but no universal actual percentage is published in Form CRS

Current Form CRS:

• Asset based management fee: Yes
• Billing frequency: quarterly
• Billing value: quarter-end account value
• Billing timing: advance or arrears

A current May 2026 third-party review based on public filings states that Freestone's annual management fee will not exceed 1.50% of AUM.

Store that conservatively:

• Secondary general AUM ceiling: 1.50%
• Ceiling source is primary Form CRS: No

Planning is generally included with the advisory service

Current Form CRS:

• Planning generally included with advisory: Yes
• Separate planning fee universal: No

Freestone can occasionally charge a separately negotiated flat fee for investment, financial or wealth-planning advice.

Freestone Funds create additional layers of cost

Current Form CRS states investors in Freestone Funds or other private funds generally can pay:

• annual management fees;
• performance-based fees or allocations;
• additional asset-based service fees;
• fund operating expenses;
• formation or due-diligence costs;
• legal and adviser fees;
• audit costs;
• custody and brokerage costs.

Performance compensation belongs to the applicable fund economics.

Proprietary products create a recommendation conflict

Current Form CRS states Freestone and affiliates receive additional compensation from products they issue, sponsor or manage.

The conflict should be disclosed.

It does not prove that a proprietary product is automatically unsuitable.

Custody is generally at Schwab or Fidelity

Current Form CRS:

• Custodian:
• Charles Schwab
• Fidelity

Freestone receives indirect economic benefits associated with custody relationships, including referrals, technology, sponsorships and other benefits.

Insurance compensation is another economic conflict

Current Form CRS states the firm receives commissions from sales of life and disability insurance products recommended in financial planning and can receive monitoring fees from insurance brokers.

Insurance compensation is separate from the ordinary advisory fee analysis.

Assessment

Freestone's current review should lead with the distinction between target relationship size and a hard account minimum.

The firm says no minimum account size.

It generally seeks $1 million relationships, or $2 million for Schwab-referred clients.

The stronger economic gate can be the annual fee floor:

• $6,000 for new advisory clients generally;
• $4,000 for Schwab-referred clients;
• first-calendar-year exception;
• waiver and legacy exceptions.

Private Freestone Funds add a separate fee, performance-compensation, liquidity and conflict analysis.