Autopilot Holdings Corp ("Holdings") promotes and recommends the Autopilot mobile application. The Autopilot app provides access to investment advisory services offered by Autopilot Advisors, LLC ("Autopilot Advisors"), an investment adviser registered with the U.S. Securities and Exchange Commission. Autopilot Advisors is a wholly owned subsidiary of Holdings.
Relationship Between Holdings and Autopilot Advisors
Holdings owns Autopilot Advisors. Because of this relationship, when Holdings promotes the Autopilot app and recommends that customers join, Holdings has a financial interest in customers becoming clients of Autopilot Advisors.
Compensation
Holdings receives compensation from Autopilot Advisors in connection with customers who sign up for and initiate services through the app. Specifically:
Holdings is guaranteed a minimum payment of $25,000 from Autopilot Advisors.
After the first 500 customers initiate Autopilot services, Holdings receives $50 for each additional customer who initiates Autopilot services.
Conflict of Interest
Because Holdings is compensated based on the number of customers who use the Autopilot app to access Autopilot Advisors, Holdings has a financial incentive to encourage you to use the app and become an advisory client. This compensation arrangement creates a conflict of interest, which may affect the objectivity of the recommendation.
No Additional Cost to You
The referral compensation paid to Holdings does not increase the fees you pay for advisory services. You will pay the same advisory fees whether or not Holdings recommends the app to you.