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Zevenbergen Capital Investments LLC
Client Relationship Summary
June 26, 2020

Item 1: Introduction

Zevenbergen Capital Investments LLC (our “firm”, “we”, “us”) is registered with the Securities and Exchange Commission as an Investment Adviser.
Brokerage and investment advisory services and fees differ, and it is important for the retail investor to understand the differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

Item 2: Relationships and Services

What investment services and advice can you provide me?

Our firm offers investment advisory services to retail investors on a discretionary basis, meaning we select the securities to be bought and sold without asking you in advance, through equity and fixed income strategies. We offer this standard service to you one of two ways: directly through a separately managed account or through one of the mutual funds we advise. If we have a direct relationship with you through a separately managed account, you have the opportunity to impose reasonable restrictions on your account to us in writing. Depending on the strategy you invest in, we require you to have a minimum amount of assets to open an account with us; however, we may accept smaller amounts. We will review your account on at least a quarterly basis.

For additional information regarding our services, please see the advisory business, fees and compensation, and review of accounts sections of our Form ADV Part 2A.

Would you like to know? Feel free to ask us …

  • 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?

Item 3: Fees, Costs, Conflicts and Standard of Conduct

What fees will I pay?

You will pay us a management fee that is billed quarterly and based on your assets under management with our firm. The more money you invest with us the more fees you will pay; therefore, we have an incentive for the assets in your account to increase, which can happen through market appreciation or additions to your account. If we recommend you invest in one of the Zevenbergen Funds, we will not charge you any additional management fees on the money you invest in these funds; we are already paid management fees directly by the Funds. While not charged by us, you may also pay custodial fees to the broker-dealer or custodial bank that holds your assets, and a transaction fee when we buy or sell an investment in your account. If we invest your assets in mutual funds and other securities like ETFs, money market mutual funds and ADRs, these assets have additional fees already included in the price of the security.

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.

For additional information regarding our fees, please see the fees and compensation section of our Form ADV Part 2A.

Would you like to know? Feel free to ask us …

  • 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 CONFLICTS WITH YOUR INTERESTS. 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.

The investment strategies we offer and mutual funds our firm advises (the Zevenbergen Growth Fund and Zevenbergen Genea Fund) carry different management fees.  As appropriate, we recommend strategies and our advised mutual fund that charge higher fees, which our firm is financially incented to do.

For additional information regarding our conflicts, please see the fees and compensation, and other financial industry activities and affiliations sections of our Form ADV Part 2A.

Would you like to know? Feel free to ask us …

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

How do your financial professionals make money?

Our financial professionals are paid a salary and discretionary bonuses (or distribution of accumulated cash to those with ownership interest in the firm) based on our firm’s overall financial performance, which creates a financial incentive for us to grow our assets under management and when suitable, charge higher management fees.

 

Item 4: Disciplinary History

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

No. Please visit Investor.gov/CRS, for a free and simple tool to research our firm and financial professionals.

Would you like to know? Feel free to ask us …

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

Item 5: Additional Information

For additional information regarding our fees, services, and conflicts, please see our Form ADV Part 2A, or visit our website at www.zci.com.  Please contact us at (206) 682-8469 for more up-to-date information or to request a copy of this client relationship summary.

Would you like to know? Feel free to ask us …

  • 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?