Here are answers to some questions we are most frequently asked.
How long does it usually take for my account to transfer to you?
The establishment of an account, and issuance of an account number, is usually completed within 24-48 hours. The subsequent transfer of investments to that account will usually take 5-10 business days. We manage the entire process, and you need not contact the investment organization you are leaving.
When I invest with you, where is my money held?
Our custodian of funds and clearing agent is Pershing LLC, the leader in global clearing and settlement solutions for nearly 85 years. Pershing LLC is a wholly owned subsidiary of The Bank of New York Mellon (BNY Mellon). You will access your account on Pershing’s client portal and Pershing will issue your monthly account statements and annual tax documents.
Is there a minimum amount required to invest?
We usually request that you have at least $100,000 to open a relationship. This will enable us to be most efficient in providing services to you. Exceptions can be made on a case by case basis but there is a firm account minimum of $10,000.
Do I need to invest a lump sum amount, or can I add to my account each month?
A minimal lump sum will be required to open an account and subsequent monthly contributions are usually encouraged when applicable.
Can you provide a second opinion for my current investments even if I have no intention to move them?
Absolutely. A second opinion is always helpful when dealing with significant life decisions. We are happy to either make suggestions, point out strengths and/or weaknesses with what you have in place, or simply confirm what you are doing for your increased confidence.
Who are the portfolio managers you may recommend for my accounts and how are they selected?
We have established partnerships with professional Third Party Money Managers (TPMM) to help you achieve your wealth management goals. Our money managers have been selected for their customized portfolio management capabilities. They have each developed their own proprietary strategies, based upon quantitative research and analysis, and are responsive to market fluctuations. They provide you with an array of investment strategies that are intended to take advantage of market gains and minimize the impact of market declines upon your investments. We make use of extensive independent research that evaluates hundreds of money managers on both qualitative and quantitative attributes. We recommend only managers who have the highest ratings in both categories. Some of the managers we are currently using include JP Morgan, Goldman Sachs, BlackRock, Russell Investments, BTS, Frontier, 3D, and others.