Disclosures & Legal Information

No Offer or Solicitation

The information on this website does not constitute an offer to sell or a solicitation of an offer to buy any securities or investment advisory services. Any such offer or solicitation will be made only by means of a written investment management agreement and only in jurisdictions where permitted by law.

Investment advisory services are provided by Ravenwood Capital Management, LLC only to clients with whom the firm has entered into a written investment management agreement. Performance data and specific investment recommendations are only provided to clients pursuant to such agreements.

Registration Status

Ravenwood Capital Management, LLC is a registered investment adviser.

Registration as an investment adviser does not imply a certain level of skill or training. It is simply a legal requirement for firms providing investment advice for compensation. All registered investment advisers are required to act as fiduciaries, meaning they must act in the best interests of their clients at all times.

Investment Risks

All investments involve risk, including the potential loss of principal invested. There is no guarantee that any investment strategy will achieve its objectives, generate positive returns, or avoid losses.

Specific risks associated with our investment approach include, but are not limited to:

• Market Risk: The value of investments may decline due to broad market movements, economic conditions, or changes in investor sentiment.
• Concentration Risk: Our portfolios typically hold a focused number of positions. This concentration may result in greater volatility and larger losses than a more diversified portfolio.
• Value Investing Risk: Securities identified as undervalued may not appreciate as anticipated, or may take longer than expected to realize their intrinsic value. There is no guarantee the market will recognize the value we perceive.
• Liquidity Risk: Some securities may be difficult to sell quickly at a fair price, particularly during periods of market stress.
• Company-Specific Risk: Individual companies may experience operational challenges, competitive threats, management changes, or other idiosyncratic issues that negatively impact their value.

Prospective clients should carefully consider whether our investment approach and the associated risks are suitable for their individual circumstances, risk tolerance, and investment objectives.

Past Performance

Past performance is not indicative of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. Investment results will fluctuate, and there is always the potential for loss as well as gain.

Performance results, when presented to clients, are provided net of fees and reflect the deduction of investment advisory fees, transaction costs, and other expenses. Performance may vary significantly from client to client based on individual circumstances, account size, tax considerations, and the timing of investments.

Forward-Looking Statements

This website may contain forward-looking statements regarding our investment philosophy, market outlook, or expectations for specific businesses or industries. These statements are based on current beliefs and available information and are subject to significant uncertainties. Actual results may differ materially from those expressed or implied in forward-looking statements.

We undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this website.

No Tax or Legal Advice

Ravenwood Capital Management, LLC does not provide tax or legal advice. While we consider tax efficiency in portfolio management, clients are advised to consult with their own tax advisers and legal counsel regarding the tax and legal implications of any investment decisions.

Third-Party Information

Certain information on this website may be obtained from third-party sources believed to be reliable. However, we do not guarantee the accuracy, completeness, or timeliness of such information. Third-party data is provided for illustrative or informational purposes only and should not be relied upon as the sole basis for investment decisions.

Standard Fee Schedule

Our fees are calculated on a graduated basis as follows:

• 1.00% annually on the first $1,000,000
• 0.90% annually on assets from $1,000,001 to $5,000,000
• 0.80% annually on assets from $5,000,001 to $10,000,000
• Negotiable for assets over $10,000,001

Example: An account of $5,000,000 would pay 1.00% on the first $1,000,000 and 0.90% on the remaining $4,000,000.

Fee Billing

Fees are billed quarterly in arrears based on the ending market value of assets under management (the last day of the calendar quarter). Fees are deducted directly from client accounts through custodial debit.

Accounts initiated or terminated during a calendar quarter will be charged a prorated fee.

Additional Costs

Clients will also incur certain costs imposed by third parties in connection with investments made in client accounts, including but not limited to:

• Brokerage commissions and transaction fees
• Custodial fees
• Wire transfer and electronic fund fees
• Mutual fund or ETF expense ratios (if applicable)
• SEC fees and other regulatory charges

We do not receive any portion of these third-party fees. Our fee structure is designed to align our interests with clients by basing compensation on the value of assets under management, not on trading activity or product sales.