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Getting Started Resources Information |
Disclosure Fee-Only Financial Advisor As fee-only financial advisors, we receive compensation solely in the form of a percentage of assets under management. We do not receive commissions or compensation from mutual fund companies for using their funds in our clients` portfolios. This allows us to maintain a totally objective view in regards to the selection of investments. Our interests are aligned with our clients` interests. Relationship with Charles Schwab & Company Charles Schwab is utilized as the custodian for our clients` assets. Charles Schwab is an investment firm with over $800 billion in assets under management and over 7 million accounts. Over 70% of the independent fee-based financial advisors in the United States custody their assets with Charles Schwab. Currently, Charles Schwab custodies the assets of over 5,200 independent fee-based investment advisors with approximately $340 billion under management. As mentioned above, we receive no compensation or commissions from Charles Schwab for utilizing its services. No load mutual funds and Exchange Traded Funds (ETF`s) We search from a universe of over 3,500 no load mutual funds (both of an institutional and a retail variety) to select the investment opportunties which we believe will best serve our clients` asset allocation requirements. When in the best interest of our clients, we also utilizes Exchange Traded Funds. Our clients` assets are invested only in marketable securities that trade on the major exchanges. There are no illiquid investments (limited partnerships, collectibles, etc) in our clients` portfolios. Registered Investment Advisor Foldes Financial Management is registered with the Securities and Exchange Commission (SEC) as a Registered Investment Advisor (RIA). Registration with the SEC requires the submission of Form ADV. This form consists of two separate parts. The first part (ADV I) contains information that is used to review the application and is used in the SEC`s investment adviser regulatory program. The second part (ADV II) includes disclosure of the background and business practices of the investment adviser, and is provided to all prospective clients prior to engagement. Mr. Foldes has successfully completed the Series 2 and Series 65 National Association of Securities Dealers (NASD) examinations. Protecting your privacy is important to us. We want you to understand what information we collect and how we use it. The following policy serves as a standard for all Foldes Financial Management employees for collection, use, retention and security of nonpublic personal information. We collect nonpublic personal information about you from the following sources:
"Nonpublic personal information" is nonpublic information about you that we obtain in connection with providing a financial service or product to you. We may share your name and address among affiliates for purposes of sending you information about services and products that we believe may be of interest to you. We do not disclose any nonpublic personal information about our clients to anyone, except as permitted by law. Examples of permitted disclosures under the law include sharing with companies that work for us to provide you service, such as a transfer agent or mailing house. All such companies acting on our behalf are contractually obligated to keep the information that we provide to them confidential, and use the information only to provide the services that we have asked them to perform for you and us. We restrict access to nonpublic information about you to those employees who need to know that information to provide services or products to you. We maintain physical, electronic and procedural safeguards to guard your nonpublic personal information. Foldes Financial Management |
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© 2005 Foldes Financial Management |
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