High Probability Advisors

Introduction

High Probability Advisors, LLC Form CRS Customer Relationship Summary

June 2020

High Probability Advisors, LLC is registered with the Securities and Exchange Commission (SEC) as an investment adviser.

Brokerage and investment advisory services and fees differ and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

What investment services and advice can you provide me?

Our firm offers the following principal investment advisory services to retail investors:

•Portfolio Management Services •Financial Planning Services

Portfolio Management Services include the provision of continuous advice to a client or investing the client’s account based on his/her particular circumstances. We offer Portfolio Management Services on a discretionary and nondiscretionary basis. When engaged on a discretionary basis, we will buy and sell investments in your account as appropriate without requiring your pre- approval on an ongoing basis. When engaged on a nondiscretionary basis, you make the ultimate decision regarding the purchase or sale of investments. As part of our standard service, we continuously monitor the underlying securities in client accounts and perform at least monthly reviews of account holdings for all clients.

Financial Planning Services can include consultations in areas including personal, educational, tax and cash flow, death and disability, retirement and investments; they are offered at no additional charge to existing or prospective portfolio management clients.

We generally require a minimum account size of $500,000 or a minimum annual fee of $3,750 for these services. These minimums are negotiable under certain circumstances.

For additional information, please see Items 4 and 7 of our Form ADV, 2A Brochure (Part 2A) available at:

https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=621100

What fees will I pay?

Our fees are generally assessed quarterly, in advance or arrears, as agreed, and are disclosed in our Form ADV Part 2A at Item 5.

Portfolio Management Services fees are calculated as a percentage of assets under management, according to a tiered schedule. Clients pay an annual rate of .70% for the first $2 million with a decreasing rate associated with each of several additional tiers based on total assets managed. We generally require a minimum account size of $500,000 or a minimum annual fee of $3,750 for these services. These minimums are negotiable under certain circumstances.

Financial Planning Services are only offered to existing or prospective portfolio management clients; there is no additional charge.

It is important to understand that the more assets held in a retail client’s account, the more the client will pay in fees. We therefore have an incentive to encourage a client to increase the assets in his/her account. Some fee arrangements create conflicts of interest described in more detail in our Form ADV, Part 2A.

In addition to the principal fees and costs listed above, there are other fees and costs related to our investment advisory services that you will pay directly or indirectly. Examples of the most common additional fees and costs include custodial and brokerage fees, including commissions. Mutual funds and exchange-traded funds also charge management fees, which are separate from the fees assessed by us.

Conversation Starter. We encourage you to ask your financial professional:
o Given my financial situation, should I choose an investment advisory 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?

June 2020 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, please see Item 5 of our Form ADV, 2A Brochure (Part 2A) available at:

https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=621100.

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 recommendations and investment advice we provide you. Here are some examples to help you understand what this means.

As mentioned above, the more assets the client has in his/her account, the more we receive in fees. We therefore have an incentive to encourage a client to increase the assets in his/her account.
In addition, as mentioned, our minimum account size and minimum annual fee are negotiable under certain circumstances and at our discretion. Should we agree to waive these minimums, we would receive less compensation for services provided. We, therefore, have a disincentive to waive either of them.
We receive various benefits as a result of our relationships with Charles Schwab and Fidelity. These benefits include access to technology, research, training, business resources, block trading, and cross trading, among others. Thus, we have an incentive to custody client accounts with Schwab or Fidelity rather than another custodian.

For additional information, please see Item 5 of our Form ADV, 2A Brochure (Part 2A) available at: https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=621100.

How do your financial professionals make money?

Our financial professionals receive a salary. In addition, those who serve as our client representatives receive a percentage of the advisory fees paid by these clients, which could incent them to increase their compensation by seeking new clients rather than servicing existing accounts. Finally, some of our financial professionals are also firm owners who share the firm’s profits or have an opportunity to receive additional compensation based on firm profits. In theory, this could incentivize them to maximize profits through the actions above or by reducing expenses in a way that harms our ability to service clients.

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

Neither our firm nor our financial professionals have any legal or disciplinary history. Visit www.investor.gov/CRS for a free and simple search tool to research us and our financial professionals.

Additional Information

If you would like additional, up-to-date information or a copy of this relationship summary or our Form ADV, Part 2A Brochure, please call 585-485-0135.

Conversation Starter. We encourage you to ask your financial professional:
o 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 providing recommendations as my broker-dealer or when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?

Conversation Starter. We encourage you to ask your financial professional:
o How might your conflicts of interest affect me, and how will you address them?

Conversation Starter. We encourage you to ask your financial professional:
o As a financial professional, do you have any disciplinary history? For what type of conduct?

Conversation Starter. We encourage you to ask your financial professional:

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