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.
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.
Portfolio Management
A service for substantial accounts requiring ongoing professional attention,
managed to control risk while achieving individual objectives.
The service is offered for fixed-income, equity and balanced accounts. After consultation with the client about individual circumstances, investment objectives and risk tolerance, CMA assumes responsibility for managing the client`s portfolio. This primarily involves the evaluation and selection of suitable investments, monitoring these investments on a continuing basis, and trading securities or reinvesting as necessary to attempt to generate growth and/or maximize income, while rebalancing portfolios when appropriate. In addition, the firm will normally vote all proxies and compile necessary documentation for tax reporting.
Multiple Accounts
Provided that the combined assets are sufficient to justify potential fees, CMA will manage any combination of multiple accounts for a single client. In such an arrangement, each account may have a specific objective, or the accounts may be managed in aggregate to facilitate a single design.
Custodians and Brokers
CMA does not act as custodian for client funds or securities, which enables clients to choose their own custodial arrangements with banks or brokerages. This means that in most cases clients do not have to move their accounts for CMA to assume management, unless they choose to do so. In this instance, CMA will recommend a custodian and facilitate any necessary transfers of securities. The firm's objective with brokers is to obtain the best trade executions on behalf of clients, and to minimize commission expense. Unless clients have a clear preference, CMA will generally direct brokerage to those firms that provide the best cost advantage and service.
Investment Style
Asset Allocation fixed according to client temperament and ability to assume risk.
Fees
Generally, fees for most discretionary managed accounts will range from 1.0% to 1.5% annually of the average assets under management. Fees are computed quarterly and paid after each quarter. In some instances fees can be calculated on a basis of account performance as a % of year-over-year gains without any asset-based component (e.g., no fees will be assessed if such an account does not grow during a 12-month period).
A service for substantial accounts requiring ongoing professional attention,
managed to control risk while achieving individual objectives.
The service is offered for fixed-income, equity and balanced accounts. After consultation with the client about individual circumstances, investment objectives and risk tolerance, CMA assumes responsibility for managing the client`s portfolio. This primarily involves the evaluation and selection of suitable investments, monitoring these investments on a continuing basis, and trading securities or reinvesting as necessary to attempt to generate growth and/or maximize income, while rebalancing portfolios when appropriate. In addition, the firm will normally vote all proxies and compile necessary documentation for tax reporting.
Multiple Accounts
Provided that the combined assets are sufficient to justify potential fees, CMA will manage any combination of multiple accounts for a single client. In such an arrangement, each account may have a specific objective, or the accounts may be managed in aggregate to facilitate a single design.
Custodians and Brokers
CMA does not act as custodian for client funds or securities, which enables clients to choose their own custodial arrangements with banks or brokerages. This means that in most cases clients do not have to move their accounts for CMA to assume management, unless they choose to do so. In this instance, CMA will recommend a custodian and facilitate any necessary transfers of securities. The firm's objective with brokers is to obtain the best trade executions on behalf of clients, and to minimize commission expense. Unless clients have a clear preference, CMA will generally direct brokerage to those firms that provide the best cost advantage and service.
Investment Style
Asset Allocation fixed according to client temperament and ability to assume risk.
Fees
Generally, fees for most discretionary managed accounts will range from 1.0% to 1.5% annually of the average assets under management. Fees are computed quarterly and paid after each quarter. In some instances fees can be calculated on a basis of account performance as a % of year-over-year gains without any asset-based component (e.g., no fees will be assessed if such an account does not grow during a 12-month period).
Services
Capital Management Analytics, Corp.
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