Where are client assets held?
Client assets are typically held at Schwab Advisor Services although other custodians may be available upon request. Schwab provides our clients with online access, statement reporting, and a broad range of custodial services.
Are brokerage commissions and advisory fees included in the performance figures?
Yes, performance figures are net of all brokerage commissions and advisory fees. Client accounts automatically pay brokerage commissions directly to Schwab and advisory fees to ETF PM.
Are there any issues to consider in case the client decides to terminate the advisory agreement with ETF PM?
No, advisory agreements can be terminated at any time and there are no termination fees charged by ETF PM. In the event a client terminates the advisory agreement, ETF PM will not liquidate any securities in the account unless authorized in writing by the client to do so.
Who has access to withdraw client funds?
Only owner(s) listed on each specific account can withdraw funds. Clients sign our Investment Advisory Agreement in order to give ETF PM limited power of attorney to buy and sell securities and to collect our stated advisory fees.