Asset allocation guidance资产配置建议
Goals-based recommendations to help align a portfolio with the client’s time horizon, risk tolerance, and liquidity needs. 基于目标的建议，帮助投资组合与客户的投资期限、风险承受能力和流动性需求相匹配。
ScholarDog LLC • CRD No. 341107 • Irvine, California ScholarDog LLC • CRD编号 341107 • 加州尔湾
Disciplined portfolio advice for long-term investors. 为长期投资者提供有纪律的投资组合建议。
ScholarDog focuses on simple, transparent, non-discretionary portfolio guidance built around diversified ETFs/index funds, U.S. Treasury bills and notes, and related cash-management positions. ScholarDog 专注于简单、透明、非全权的投资组合建议，主要围绕多元化 ETF/指数基金、美国国库券和国债，以及相关现金管理头寸。
About ScholarDog关于 ScholarDog
A focused investment advisory practice. 专注、清楚的投资顾问业务。
ScholarDog LLC, doing business as ScholarDog, is organized in California and is transitioning from its historical online education business to an investment advisory business. The advisory practice is designed to be narrow, understandable, and long-term in focus. ScholarDog LLC 以 ScholarDog 名义开展业务，在加州成立。公司正在从历史上的在线教育业务转型为投资顾问业务。当前投顾业务设计为范围清晰、易于理解，并以长期投资为重点。
The current launch model centers on one service line: ongoing non-discretionary portfolio advisory services. Clients retain final control over investment decisions and authorize all transactions. 当前启动模式专注于一项服务：持续性的非全权投资组合顾问服务。客户保留所有投资决定的最终控制权，并自行授权所有交易。
Services服务
Ongoing portfolio advisory services 持续性投资组合顾问服务
Portfolio guidance is tailored using each client’s financial situation, objectives, risk tolerance, time horizon, liquidity needs, tax considerations, and written restrictions. 投资组合建议会根据客户的财务状况、投资目标、风险承受能力、投资期限、流动性需求、税务考虑以及书面投资限制进行调整。
Portfolio construction投资组合构建
Model portfolio recommendations using a simple universe of diversified funds, Treasuries, and cash-management positions. 在简单清楚的投资范围内提供模型投资组合建议，主要包括多元化基金、美国国债和现金管理头寸。
Review and monitoring复核与监测
Quarterly account reviews when engaged, with additional review triggers such as client requests, material life changes, large deposits or withdrawals, or significant market events. 建立服务关系后，一般按季度复核账户。客户要求、重大生活或财务变化、大额存取款、或重大市场事件也可能触发额外复核。
Investment Approach投资方法
Simple, low-complexity, long-term. 简单、低复杂度、长期导向。
ScholarDog’s standard approach emphasizes passive or buy-and-hold investing with diversified index-based investments and U.S. Treasuries. The goal is to make the portfolio understandable before making it complicated. ScholarDog 的标准方法强调被动投资或买入并持有，主要使用多元化指数型投资和美国国债。我们的原则是：先让投资组合容易理解，再考虑复杂性。
The standard model generally does not recommend individual stocks, options, private placements, cryptocurrency, margin strategies, precious metals, foreign exchange, or leveraged products. 标准服务模式通常不建议个股、期权、私募投资、加密货币、保证金策略、贵金属、外汇或杠杆产品。
What clients should expect客户可以期待什么
Risk first风险优先
Every investment carries risk, including loss of principal.任何投资都有风险，包括本金损失的风险。
Written restrictions书面限制
Reasonable written client restrictions can be documented and followed in good faith.合理的客户书面限制可以记录下来，并以善意努力遵守。
Direct payment客户直接付款
Advisory fees are invoiced and paid directly by the client.顾问费用通过发票收取，并由客户直接支付。
Fees费用
Transparent straight-tier AUM schedule 透明的直阶式资产管理费率
Fees are billed quarterly in arrears. The applicable annual percentage rate applies to the entire account balance. 费用按季度后付。适用的年度百分比费率适用于整个账户余额。
| Account Value账户价值 | Annual Advisory Fee年度顾问费率 | Billing Method收费方式 |
|---|---|---|
| $1,000,000 – $1,999,999 | 0.65% | Quarterly in arrears按季度后付 |
| $2,000,000 – $2,999,999 | 0.55% | Quarterly in arrears按季度后付 |
| $3,000,000 and above$3,000,000 及以上 | 0.45% | Quarterly in arrears按季度后付 |
Minimum account size is generally $1,000,000, although the firm may waive that minimum in writing. Other brokerage, custodian, wire, transaction, and ETF/fund expenses are separate from advisory fees. 一般最低账户规模为 $1,000,000，但公司可通过书面方式豁免该最低要求。经纪商、托管方、电汇、交易以及 ETF/基金内部费用与顾问费分开计算。
No custody. No discretion.不托管客户资产。不进行全权管理。
Client assets remain at the client’s chosen qualified custodian or broker. ScholarDog does not debit advisory fees from custodial accounts and does not implement trades without client approval. 客户资产保留在客户自己选择的合格托管方或经纪商处。ScholarDog 不从客户托管账户中扣除顾问费，也不会在没有客户批准的情况下执行交易。
No product commissions.不收取产品销售佣金。
Under the current advisory business model, ScholarDog and its supervised persons do not accept compensation for the sale of securities or other investment products. 在当前投资顾问业务模式下，ScholarDog 及其受监督人员不因销售证券或其他投资产品而收取补偿。
Important Disclosures重要披露
Please read before relying on this website. 在依赖本网站信息前，请先阅读。
The information on this website is for general informational purposes only and is not personalized investment advice, an offer to sell securities, or a recommendation to buy or sell any specific security. 本网站信息仅供一般信息参考，不构成个性化投资建议、证券销售要约，或买入/卖出任何特定证券的建议。
Investing in securities involves risk of loss, including possible loss of principal. Past performance is not a guarantee of future results. Diversification and long-term investing do not eliminate the possibility of loss. 证券投资涉及亏损风险，包括本金损失的可能。过去的表现不保证未来结果。多元化和长期投资不能消除亏损可能。
Registration with a securities regulator does not imply a certain level of skill or training. Additional information about ScholarDog LLC and its representatives may be available through the Investment Adviser Public Disclosure website. 在证券监管机构注册并不意味着具备某种技能或培训水平。关于 ScholarDog LLC 及其代表的更多信息，可通过 Investment Adviser Public Disclosure 网站查询。
The Mandarin text is provided as a convenience translation. If the English and Mandarin text differ, the English text controls. 中文内容为便利阅读而提供的翻译。如英文与中文内容存在差异，以英文内容为准。