Did You Know?
The Federal Reserve System...
is the central banking system of the United States. It was created in 1913, with the enactment of the Federal Reserve Act. Its duties today are to conduct the nation’s monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions.
is the central banking system of the United States. It was created in 1913, with the enactment of the Federal Reserve Act. Its duties today are to conduct the nation’s monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions.
The Phrase "Not Worth a Continental"...
originated from the fact that by the end of the Revolutionary War Continental bills - or "Continentals" - were worth just 1/40th of their face value. Congress tried to reform the currency by removing the old bills from circulation and issuing new ones, but this met with little or no success. By May 1781, Continentals had become so worthless they ceased to circulate as money. Benjamin Franklin noted that the depreciation of the currency had, in effect, acted as a tax to pay for the war.
originated from the fact that by the end of the Revolutionary War Continental bills - or "Continentals" - were worth just 1/40th of their face value. Congress tried to reform the currency by removing the old bills from circulation and issuing new ones, but this met with little or no success. By May 1781, Continentals had become so worthless they ceased to circulate as money. Benjamin Franklin noted that the depreciation of the currency had, in effect, acted as a tax to pay for the war.
The NYSE dates back to 1792
The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously securities exchange had been intermediated by the auctioneers who also conducted more mundane auctions of commodities such as wheat and tobacco. On May 17, 1792 twenty four brokers signed the Buttonwood Agreement which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales. The earliest securities traded were mostly governmental securities such as War Bonds from the Revolutionary War and First Bank of the United States stock. The New York Stock Exchange (NYSE), sometimes known as the "Big Board" is the world's largest stock exchange by market capitalization of its listed companies at US$19.69 trillion as of June 2015.
The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously securities exchange had been intermediated by the auctioneers who also conducted more mundane auctions of commodities such as wheat and tobacco. On May 17, 1792 twenty four brokers signed the Buttonwood Agreement which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales. The earliest securities traded were mostly governmental securities such as War Bonds from the Revolutionary War and First Bank of the United States stock. The New York Stock Exchange (NYSE), sometimes known as the "Big Board" is the world's largest stock exchange by market capitalization of its listed companies at US$19.69 trillion as of June 2015.
No Commissions -- Fee-Based Only Financial Advice and Portfolio Management
No Commissions, Fee-Based Only -- Working Exclusively For Clients. CMA's business is structured to ensure that it exclusively works for its clients. CMA sells no products other than its own advice, and receives no compensation from commissions or sales charges in any form. Likewise, the firm has rejected "wrap accounts" and other packaged relationships with brokers or custodians which might leave it beholden to parties other than its clients. CMA's objective is not to make a sale, but to solve investment problems in ways that most benefits its clients.
CMA's clients get individualized attention. This means that each portfolio is different, and managed to achieve individual objectives. Client circumstances and goals are unique. There are no cookie-cutter portfolios here -- no canned solutions. The firm believes that the best communication occurs when it is one-on-one. Clients deal directly with CMA and not through brokers or other intermediaries. All of the firm's clients are extremely important and are unique. CMA acts accordingly.
CMA Standards
CMA prides itself on understanding the problems and opportunities in the financial markets. The firm believes its clients are the most important asset of the company and it is dedicated to serving your needs.
CMA Commitment
CMA is dedicated to its clients. The firm believes in the word excellence. CMA thinks this commitment shows in all of its services.
No Commissions, Fee-Based Only -- Working Exclusively For Clients. CMA's business is structured to ensure that it exclusively works for its clients. CMA sells no products other than its own advice, and receives no compensation from commissions or sales charges in any form. Likewise, the firm has rejected "wrap accounts" and other packaged relationships with brokers or custodians which might leave it beholden to parties other than its clients. CMA's objective is not to make a sale, but to solve investment problems in ways that most benefits its clients.
CMA's clients get individualized attention. This means that each portfolio is different, and managed to achieve individual objectives. Client circumstances and goals are unique. There are no cookie-cutter portfolios here -- no canned solutions. The firm believes that the best communication occurs when it is one-on-one. Clients deal directly with CMA and not through brokers or other intermediaries. All of the firm's clients are extremely important and are unique. CMA acts accordingly.
CMA Standards
CMA prides itself on understanding the problems and opportunities in the financial markets. The firm believes its clients are the most important asset of the company and it is dedicated to serving your needs.
CMA Commitment
CMA is dedicated to its clients. The firm believes in the word excellence. CMA thinks this commitment shows in all of its services.
Philosophy
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