CRS Relationship Summary




EarlyBirdCapital, Inc. is registered with the Securities & Exchange Commission as a broker-dealer that provides brokerage accounts and services. EBC is a member of FINRA and SIPC. Brokerage and investment advisory services and fees differ; it is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at: which also provides educational materials about broker-dealers, investment advisers, and investing.


  • The brokerage services we provide include buying and selling securities and recommending investments to retail investors, institutional investors as well as investment banking services.
  • We have requirements for opening an account, including a suitability review and complete financial and investment information.
  • We can offer you additional services to assist you in developing and executing your investment strategy and monitoring the performance of your We are not required to monitor your portfolio or investments on an ongoing basis unless agreed to in advance.

Questions to ask:

o    Given my financial situation, should I choose a brokerage service? Why or why not?

o    How will you choose investments to recommend to me?

o    What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?



3A. What Fees Will I Pay?

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.

  • The fee you pay is based on the specific transaction and not on the value of your account.
  •  With stocks or exchange-traded funds, the fee is usually a separate commission. With other investments, such as bonds, this fee may be part of the price you pay for the investment (called a mark-up or mark-down). With mutual funds, a fee typically called a load reduces the value of your investment. Mutual funds also charge annual management fees which vary depending on the fund. With certain investments such as variable annuities, you may have to pay fees such as surrender charges to sell the investment, reducing the value of your investment.
  • We may charge you additional fees such as custodian fees, account maintenance fees, and account inactivity fees.
  • The more transactions in your account, the more fees we will charge you. We therefore have an incentive to encourage you to engage in transactions.

Questions to ask:

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?


3B. What are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have?

When we provide you with a recommendation, we have to act in your best interest and not put our interest ahead of yours. If at any time the way we make money creates some conflicts with your interests, you will receive a disclosure of that conflict, it may be in a prospectus, proxy statement, offering document, or other type of notice.. You should understand and ask us about these conflicts because they can affect the recommendations we provide you. Here are some examples to help you understand what this means.

  • Proprietary products are investments that are issued, sponsored, or managed by our firm or our affiliates. We and our affiliates make money on proprietary products which may be similar to non-proprietary products which may cost less. EBC is currently not offering proprietary products.
  • We may buy and sell your investment through our own accounts (called “acting as principal”) and we can earn a profit on these trades.
  • We can make extra money by selling you certain investments either because they are managed by someone related to our firm or because they are offered by companies that pay our firm to sell their investments. Your financial professional also receives more money if you buy these investments.

Questions to ask:

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


3C. How do your financial professionals make money?

  • Financial professionals receive compensation directly related to investor’s accounts in the form of commissions and selling concessions. Commissions are disclosed on confirms and selling concession information can be found in preliminary prospectuses and final prospectuses.



Yes.  Visit for a free and simple search tool to research us and our financial professionals. For additional information about our brokers and services, visit, our web site  and refer to your account agreement.

Questions to ask:

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


  • You may find additional information about our brokerage services at our website
  • You may request a copy of the Form CRS Relationship Summary by contacting your investment professional or our main office at (631) 770-0600.

Questions to ask:

Who is the primary contact person for my account? Is he or she a registered representative of a broker-dealer? If I have concerns about how this person is treating me, who can I talk to?