Fees & Where do my monies reside
Where do my monies reside?
We manage assets but we do not hold them. A custodian holds your assets.
A custodian is typically a financial institution that is responsible for safeguarding your assets. Your assets are held on the custody side of that financial institutions’ business. The reason for using a custodian is because there are safeguards in place to protect your monies. We have a relationship with some custodians that offer competitive rates for custodial services.
In certain circumstances a few banks permit external money managers to manage client’s assets on a discretionary basis through a clients’ existing brokerage account(s).
Consult with us for further details.
Fee Schedule:
Our fee structure is extremely competitive.
For discretionary accounts there are several types of fees that you will need to be aware of.
- Management Fees – are the fees that are paid to manage your assets.
- Custodian Fees – are the fees that the custodian charges to hold your assets and maintain financial records for your account.
- Trading Fees – are the costs that are incurred as a result of ongoing transactions in your account.
