Our Relationship with TD Ameritrade

Our Relationship with TD Ameritrade

td_ameritrade_logo.jpgOur client assets are held on deposit with our custodian, TD Ameritrade Institutional. TD Ameritrade is one of the largest custodial firms in North America and is a leading provider of comprehensive custody services. They provide custodial services for nearly 5,000 Registered Investment Advisory firms and service more than 6 million individual and institutional investors worldwide with more than $278 billion in assets.

When a client writes a check or moves money electronically to open an account, it is made out to TD Ameritrade. This is a common safeguard among Registered Investment Advisors, since having custody of assets is not necessary to do our job and it increases the regulatory hurdles. The main reason Bernie Madoff was able to get away with his scam for so long was that he did take custody of client assets and made the client statements read the way he wanted them to read.

 Monthly activity statements and confirmations of all transactions are sent directly to our clients, with duplicates to us. Clients also have online access to view their accounts through TD Ameritrade. At no time do we have access to client securities, other than to trade and bill the account, nor can assets be delivered to anyone but the account holder at the address of record. Any transaction fees together with quarterly management fees are paid from the account along with TD Ameritrade’s quarterly custodial fee, which is among the lowest in the industry.

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