Each client portfolio is managed separately. This allows us the flexibility to somewhat tailor each individual's portfolio and to be as tax-efficient as market conditions warrant. We have discretionary trading authority over accounts. Clients receive monthly brokerage statemenets and trade confirmations, as well as a quarterly performance review that we prepare. We also provide an unaudited realized gains and losses report at year-end.
Management terms and conditions are set forth in our Investment Advisory Agreement, a copy of which is available upon request.