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Securities offered through Tessera Capital Partners, LLC.  Member FINRA, SIPC.  Registered with the SEC and MSRB.  Letitia Berbaum CA Insurance Lic. #OH19537 and Bart Zandbergen CA Insurance # 0A96242. 

 

Bart Zandbergen and Letitia Berbaum are investment adviser representatives of Axxcess Wealth Management, LLC (“Axxcess”), and registered representatives of Tessera Capital Partners, LLC (“Tessera”).  Mr. Zandbergen is also an independent insurance agent.  

 

Tessera (CRD 132847) is broker dealer registered with the SEC and is a member of FINRA and SIPC, State Registered Investment Adviser (IA) and Registered with the SEC and MSRB. Tessera provides only brokerage services to Mr. Zandbergen and Ms. Berbaum, who are both conducting their brokerage business under the name The Zandbergen Group (“Zandbergen”). Tessera and Axxcess are not affiliated. Advisory and Insurance services are offered independent of Tessera.

 

Information pertaining to Tessera and its registered persons are available through the FINRA’s Broker Check System or by calling the FINRA’s Broker Check Hotline at (800) 289-9999. Additional information may also be found at www.tesseracapital.com,  by calling (585) 364-3065 or by sending an email to donna.dimaria@tesseracapital.com. Any complaints against the firm or the Representative should be submitted to Tessera’s CCO at the phone number or email address given above. 

 

The FINRA Public Disclosure Program is governed by federal law, Securities and Exchange Commission (“SEC”) regulations and FINRA rules approved by the SEC. State Securities regulators also will provide information on brokers and securities firms to the general public. These State programs are governed by State laws and regulations which differ from the laws, regulations and rules governing the FINRA Regulation Public Disclosure Program. For a list of State securities regulators please visit www.nasaa.org.

FINRA believes its Public Disclosure Program is an important investor protection service, a view shared by Congress, the Securities and Exchange Commission (“SEC”), and the North American Securities Administrators Association (“NASAA”).

Relationship Summary (Form CRS)

Registered broker-dealers are required to deliver to retail investors a relationship summary disclosing certain information about the firm and its relationship with clients. Click here for a copy of Tessera’s Relationship Summary (Form CRS)Click here for Tessera’s Brokerage Services Disclosure Summary.

Zandbergen’s primary business, through Tessera, is as a direct mutual fund retailer and a broker selling variable life insurance or annuities.  

 

All investments involve risks, including possible loss of principal. Investors should carefully consider investment objectives, risks, charges, and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.  Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund or designing a portfolio that suits your needs. 

 

This site has been designed for informational purposes only and does not constitute an offer to sell and is not a solicitation of an offer to buy any security which may be referenced upon the site. Such offers can only be made where lawful under applicable law. The services and information provided through this site are for personal, noncommercial use and display. Zandbergen does not intend to provide investment advice through this site and does not represent that specific securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision. Zandbergen does not, and nor does this site intend to, render tax or legal advice.

 

Individuals and firms may only transact business in a jurisdiction after satisfying its licensing and qualification requirements or after being excluded or exempted. Broker/dealer, investment adviser, municipal advisor, broker-dealer agents, and investment adviser representatives are some of the common names for registered firms and individuals.

 

Consumers should contact securities law administrators in their jurisdiction for information concerning the licensure status or disciplinary history of a registered individual or the firm. Summaries of information regarding registered agents and principals of Tessera, and regarding the firm may be found at FINRA’s Broker Check site.

 

Any complaints against the firm or one of its Registered Representatives should be submitted to Tessera’s CCO Donna DiMaria by phone at 585-364-3065 or by email at donna.dimaria@tesseracapital.com.

 

Zandbergen and Tessera reserve and intend to exercise the right to review, monitor and retain the content of all electronic communications.

Business Continuity Plan

The Zandbergen Group, LLC (“Zandbergen”) and Tessera Capital Partners, LLC (“Tessera”) have developed a Business Continuity Plan outlining how the firm will respond to events that significantly disrupt its business. Since the timing and impact of disasters and disruptions is unpredictable, the firm must be flexible in responding to actual events as they occur. With that in mind, the following information is being provided to you regarding Tessera’s business continuity plan.

 

Contacting Us – if after a significant business disruption, you cannot contact Zandbergen as you usually do at 949-668-0771 or Tessera at 585-364-3065, or its alternative number 917-816-2528.

 

Our Business Continuity Plan – Zandbergen and Tessera plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit the firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

 

Our business continuity plan addresses data back-up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; and regulatory reporting.

 

While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, it is our objective to restore operations and be able to complete existing business and/or continue to conduct business within a reasonable amount of time based on the robust systems, fault tolerance and effective recovery from system errors or disruptions.

Varying Disruptions – Significant business disruptions can vary in their scope, and may affect only our firm, the building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or the building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within 1 business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area and recover and resume business within 3 business days. In either situation, we plan to continue in business, and notify you by telephone or Zandbergen’s customer emergency number, 949-668-0771 or Tessera at 917-816-2528. If the significant business disruption is so severe that it prevents us from remaining in business, we will inform you.

Important Information We Collect

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions, including broker dealers, to obtain, verify, and record information that identifies each person who becomes a customer. To comply with these rules, we may ask for your name, address, date of birth, a picture identification and other information that will allow us to identify you. If we are unable to verify your identity, we may be unable to provide services to you or we may be unable to refer you to our clients for services and we may be required to report the information to law enforcement officials.

Privacy Policy

It is the policy of Zandbergen and Tessera to protect the privacy of any nonpublic, personal information (Confidential Information) about past, present or prospective Clients who are natural persons. It is our policy not to sell information under any circumstances and to limit disclosure of Confidential Information:

  • to third parties who are authorized by law or rule of any regulatory authority to have the information (such as securities regulators),

  • to persons who have been authorized to receive information in writing by the Client whose Confidential Information is being shared (such as the Client’s accountant or adviser);

  • to third parties that perform services on our behalf (such as auditors, accountants and attorneys, all of whom are subject to strict confidentiality requirements);

  • to third party money managers for which we are providing services; and

  • if necessary, in providing our services to our client.

 

Collection and sharing of Confidential Information

 

We do not share any personal, nonpublic information about any Client that is a natural person, except when we share information about an individual who is a Prospective Advisory Client with the Asset Manager for whom we are soliciting investors. We do not share Confidential Information that we may receive with any third party, except as described above. Occasionally, we may be given Confidential Information, or such information may be shared with us by prospective advisory clients or their advisers or representatives. Any Confidential Information that we receive will be protected under our privacy policy as described in this notice.

 

How We Protect Confidential Information

We have implemented several procedures that we believe are reasonably designed to protect Confidential Information, if any, that we may obtain. These procedures include:

  • keeping hard copies of documents containing Confidential Information in locked cabinets;

  • protecting electronic information by password, encryption or similar means;

  • limiting the persons at our Tessera who have access to Confidential Information to only those persons that need the information to perform their duties; and

  • limiting access by service providers to Confidential Information to only those persons who are required by contract or law to maintain the confidentiality of Confidential Information.

SIPC Information

Tessera is a member of the Securities Investor Protection Corporation (“SIPC”).  This notice is to alert you that you may obtain information about SIPC, including the SIPC brochure, by contacting SIPC. The contact information for SIPC is as follows:

Securities Investor Protection Corporation
805 15th Street, N.W. Suite 800
Washington, D.C. 20005‐2215
(202) 371‐8300
Email: asksipc@sipc.org
Website: www.sipc.gov

Retail Product Offerings

Our Financial Professionals provide recommendations with respect to a broad range of investment products, including certain Mutual Funds and Variable Annuities with which we have selling agreements.

Mutual Fund Risk

All funds carry some level of risk. With mutual funds, you may lose some or all of the money you invest because the securities held by a fund can go down in value. Dividends or interest payments may also change as market conditions change. A fund’s past performance is not as important as you might think because past performance does not predict future returns. But past performance can tell you how volatile or stable a fund has been over a period of time. The more volatile the fund, the higher the investment risk.

For more information regarding mutual funds, including information pertaining to fees and compensation, please see Tessera’s Reg BI Disclousre, which is available by clicking here or visit our investor resources page

Variable Annuities

Insurance and annuities products are not deposits or obligations of any bank or depository institution, are not guaranteed by us, are not insured by the FDIC or any other government agency and are subject to investment risks including possible loss in value. Like most investment products, variable annuity contracts fluctuate in value and are subject to market risk, including the potential for loss due to market declines.

For more information regarding variable annuities, including information pertaining to fees and compensation, please see Tessera’s Reg BI Disclousre, which is available by clicking here or visit our investor resources page

 

Professional Designations

Professional designations are titles that are used to show a level of excellence in a specific line of work. Several professional listed on this site utilize professional designations that they have earned by meeting the requirements set forth by the professional associations offering such designation.  While Tessera does not approve or endorse any professional credential or designation, we are providing a link to the FINRA professional designation tool which may help an investor better understand the various professional designations utilized by their investment professionals.  On an annual basis, Tessera will verify that each professional designation utilized by each professional on this site.  

 

Understanding Investment Risks

While we will take reasonable care in developing and making recommendations to you, securities involve risk, and you may lose money. There is no guarantee that you will meet your investment goals, or that our recommended investment strategy will perform as anticipated. Please consult any available product offering documents for any security we recommend for a discussion of risks associated with the product.

We can provide those documents to you, or help you find them. Securities investments, including mutual funds and even government bonds, are not insured by the federal government against market loss. All investments contain some measure of risk, from the high risks attendant to investing in small, unproven companies to the risks of price fluctuations based on interest rate changes in investments issued by the U.S. Treasury, if sold prior to maturity. Furthermore, reasonable investment objectives can be hindered by factors outside of anyone’s control. Among others, you face the following investment risks:

  • Market Risk: The price of a security, bond, or mutual fund may drop in reaction to tangible and intangible events and conditions. This type of risk is created by external factors independent of a security’s particular underlying circumstances. For example, political, economic, and social conditions may trigger market events.

  • Interest Rate Risk: Fluctuations in interest rates may cause investment prices to fluctuate. For example, when interest rates rise, yields on existing bonds become less attractive, causing their market values to decline.

  • Liquidity Risk: Liquidity is the ability to readily convert an investment into cash. Generally, standardized products with active trading markets are more liquid. For example, U.S. Treasury securities are highly liquid, while real estate properties are not.

  • Reinvestment Risk: The risk that future proceeds from investments will be reinvested at a potentially lower rate of return (interest rate). This primarily relates to fixed income securities. 

  • Business Risk: These risks are associated with a particular industry or a particular company within an industry. For example, oil‐drilling companies depend on finding oil and then refining it, a lengthy process, before they can generate a profit. They carry a higher risk to profitability than an electric company, which generates its income from a steady stream of customers who buy electricity regardless of the economic environment. 

  • Financial Risk: Excessive borrowing to finance a company’s operations increases the risk of loss, as a company must meet the terms of its obligations in good times and bad. During periods of financial stress, the inability to meet loan obligations may result in bankruptcy or a decline in the market value of a company’s securities. Senior debt instruments (e.g., secured bonds) generally have a higher priority of payment if an issuer’s financial strength declines when compared with equity investments (e.g., common stocks), and a company facing financial challenges generally must stop paying dividends to shareholders before interrupting interest payments to bondholders.

  • Correlation Risk: This is the risk that the actual correlation (a statistical measure of how two or more variables move in relation to each other) between two assets (or variables) will be different than the correlation that was assumed or expected. Differences between the actual and expected correlation may result in a security being riskier than was anticipated.

  • Counterparty/Default Risk: This is the risk that a party to a contract will not live up to (or default on) its contractual obligations to the other party to the contract. 

  • Valuation Risk: This is the risk that an asset is improperly valued in relation to what would be received upon its sale or redemption at maturity.

  • Inflation Risk: When any type of inflation is present, a dollar today will not buy as much as a dollar next year, because purchasing power is eroding at the rate of inflation. 

  • Currency Risk: Foreign investments are subject to fluctuations in the value of the U.S. dollar against the currency of the investment’s originating country. This is also referred to as exchange rate risk.

  • Tax Risk: This is the risk that tax laws may change and impact the underlying investment premise or profitability of an investment.

  • Cybersecurity Risk: Intentional cybersecurity breaches include unauthorized access to systems, networks, or devices (such as through "hacking" activity); infection from computer viruses or other malicious software code; and attacks that shut down, disable, slow, or otherwise disrupt operations, business processes, or website access or functionality. In addition, unintentional incidents can occur, such as the inadvertent release of confidential information. A cybersecurity breach could result in the loss or theft of client data or funds, the inability to access electronic systems ("denial of services"), loss or theft of proprietary information or corporate data, physical damage to a computer or network system, or costs associated with system repairs. 

  • Technology Risk: Digital and network technologies are critical to conducting business and we maintain substantial computerized data relating to client account activities. These technologies include those owned or managed by us as well as those owned or managed by others (service providers). Technology systems may fail to operate properly or become disabled as a result of events or circumstances beyond our control or the control of our service providers. Technology failures could have a material adverse effect on our business or our clients and could result in, among other things, financial loss, reputational damage, regulatory penalties, or the inability to conduct business.

Additionally, investing in speculative securities, such as low‐priced stocks and newly issued equity securities, as well as securities of historically unprofitable companies, involve more than average risk and can experience volatile price behavior. For example, with respect to new industries, stocks issued by relatively unproven companies typically have valuations that materially exceed valuations based on traditional business methods. Options are similarly speculative as the price declines over the option’s life unless the underlying stock price moves quickly. Although prospective investment returns may be higher than normal, only investors capable of sustaining the complete loss of their investments should purchase speculative securities.

 

Terms of Use

Please read these terms of use carefully before using our website.  By using our website, you have agreed to the terms of use stated herein.  If you do not agree to these terms, then you may not use this website. 

 

This website, located at www.tesseracapital.com (the “Website”), is owned and operated by The Zandbergen Group (“Zandbergen”) which has the right at any time to change or discontinue any aspect or feature of the Website, including, without limitation, the content, hours of availability, and equipment needed for access or use of the Website.

 

This Website shall be used for lawful purposes only. You may not post or transmit through the Website any material which violates or infringes in any way upon the rights of others, which is unlawful, threatening, abusive, defamatory, invasive of privacy or publicity rights, vulgar, obscene, profane, or otherwise objectionable, or which encourages conduct that would constitute a criminal offense, gives rise to civil liability or otherwise violate any law.

 

Our Website may contain copyrighted material, trademarks, and other proprietary information, which may include, without limitation, text, software, photos, video, graphics, music, and sound.  Zandbergen, all logos, and all other service marks used on the Website are trademarks or service marks of Zandbergen.  All rights are reserved. All other trademarks appearing on the Website are the property of their respective owners. You agree not to use any trademarks, service marks, names, logos, or other identifiers of Zandbergen without the prior written permission of Zandbergen.

 

You may not modify, publish, transmit, display, participate in the transfer or sale, create derivative works, or in any way exploit, any of the Website content, in whole or in part. Except as otherwise expressly permitted under copyright law, no copying, redistribution, retransmission, publication, or commercial exploitation of downloaded material will be permitted without the express written permission of Zandbergen.

 

In the event of any permitted copying (including the single copy download described above), redistribution or publication of copyrighted material, no changes in or deletion of author attribution, trademark legend, copyright notice or other proprietary notice shall be made, and all such attributions, legends and notices shall be included.

 

Use of our Website indicates that you agree that the use of this Website is at your own risk.  Neither Zandbergen nor any of its members, managers, directors, officers, employees, agents, or third-party content providers guarantee that the site will be error free, nor do they make any warranty as to the accuracy or reliability of the information or content provided on this Website.  The Website is provided on an “As Is” basis.   

 

You may only link to this Website with permission of Zandbergen.  In addition, a website that links to this site: (a) may link to, but not duplicate the content of this site; (b) may not create a frame or other border around the site content; (c) may not imply that Zandbergen is endorsing it or its services or products; and (d) may not misrepresent its relationship with or otherwise create a false affiliation, connection, or association with Zandbergen.

 

Visitors to Zandbergen’s website should be advised that at certain places we offer direct access or “links” to other internet websites. Such links are provided as a service to users and are not sponsored by, endorsed, or otherwise affiliated with this website or with the products and services of Zandbergen. Zandbergen is not responsible for the availability of such other sites and is not responsible or liable for any content, products, or other materials available on such other sites. Furthermore, links to regulatory sites should not imply any endorsement of Zandbergen or Tessera by that agency.  Zandbergen reserves the right to terminate any link or linking program at any time. Zandbergen does not author, edit, or monitor these unofficial pages or links. You further acknowledge and agree that Zandbergen shall not be responsible or liable, directly, or indirectly, for any damage or loss caused or alleged to be caused by, or in connection with the use of or reliance on, any information, goods, or services available on or through any such site. If you decide to access any of the third-party sites linked to this website, you do this entirely at your own risk. 

For more information relating to these or any other policies and procedures relating to Zandbergen or Tessera, please contact:

The Zandbergen Group
Phone 949-668-0771
Email: info@zandbergen.com

Donna DiMaria
Tessera Capital Partners, LLC
Chief Compliance Officer
Phone: (585) 364-3065
Email: donna.dimaria@tesseracapital.com

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The Zandbergen Group is a DBA of Axxcess Wealth Management, LLC, a SEC Registered Investment Adviser and Tessera Capital Partners, LLC (TCP). Securities offered through TCP. Member FINRA and SIPC.  Registered with the MRB and SEC.  Click here for Full Disclosure. 

Copyright 2020 Letitia Berbaum, AIF®.