Form CRS

March 2023

Form CRS (Customer Relationship Summary) 

CMT Asset Management, LLC

Introduction 

CMT Asset Management, LLC (“CMTAM”) is registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser.

Brokerage and investment advisory services and fees differ. It is important for you to understand those differences. Free and simple tools are available to research firms and financial professionals at https://www.investor.gov/CRS, which also provides educational materials about investing. 

What investment services and advice can you provide me? 

CMTAM provides investment advisory services to high-net-worth individuals, deemed retail investors, and their related vehicles (the “Clients”) through separately managed accounts. CMTAM provides investment management services to each Client based on the particular investment objectives and strategies of that Client. The investment objectives and strategies of an Account are set forth in an investment management or similar agreement (“Account Agreement”) between CMTAM and the relevant Client. Generally, CMTAM maintains investment discretion over each Account, but is limited to investing in a narrow range of digital assets. CMTAM will monitor Client assets within each Account on an ongoing basis. 

CMTAM does not participate in wrap fee programs nor offer financial planning services. There are no investment minimums associated with the Accounts. 

For additional information, please see CMTAM’s Form ADV Part 2 brochure, located at: https://adviserinfo.sec.gov/firm/summary/290487

Conversation Starters, Ask CMTAM’s Financial Professionals:  

• Given my financial situation, should I choose an investment advisory service? Why or why not? 
• How will you choose investments to recommend to me? 
• What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean? 

What fees will I pay? 

Our fees are detailed in an Account Agreement. Generally, Clients pay a performance-based fee and do not pay any asset-based fees, fixed fees or other direct fees. 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. 

Other Fees and Costs- Clients are also responsible for their own brokerage fees associated with trading in each Account. 

For additional information, please see CMTAM’s Form ADV Part 2 brochure, located at: https://adviserinfo.sec.gov/firm/summary/290487

Conversation Starters, Ask CMTAM’s Financial Professionals: 

• Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me? 

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 conflict. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means. 

Proprietary Trading of Certain Affiliates – Since certain affiliated entities of CMTAM trade in the same vehicles that may be held in the Accounts, a potential conflict may arise with respect to execution of trades. It is a matter of firm policy, and a part of our fiduciary duty as a registered investment advisor, that Client interests are put ahead of those of CMTAM’s affiliates. 

For additional information, please see CMTAM’s Form ADV Part 2 brochure, located at: https://adviserinfo.sec.gov/firm/summary/290487 

Conversation Starters, Ask CMTAM’s Financial Professionals: 

• How might your conflicts of interest affect me, and how will you address them? 

How do your financial professionals make money? 

In general, investment adviser representatives of CMTAM are paid a base salary as well as incentive-based compensation. The incentive-based compensation is awarded on a discretionary basis and is determined by a number of factors, including investment performance and certain other quantitative and qualitative measures. 

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

No. You may visit https://www.investor.gov/CRS for a free and simple search tool to research us and our financial professionals.

Conversation Starters, Ask CMTAM’s Financial Professionals: 

• As a financial professional, do you have any disciplinary history? For what type of conduct?

Additional Information 

For additional information, please see CMTAM’s Form ADV Part 2 brochure, located at: https://adviserinfo.sec.gov/firm/summary/290487 

If you would like additional, up-to-date information or a copy of this disclosure, please call (312) 930- 9050. 

Conversation Starters, Ask CMTAM’s Financial Professionals: 

• Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?