Account Reviews. ▇▇▇▇▇▇▇ monitors its clients’ investment management portfolios as part of an ongoing process. All investment advisory clients are encouraged to discuss their needs, goals and objectives with the firm and to keep ▇▇▇▇▇▇▇ informed of any changes thereto. The firm contacts ongoing investment advisory clients at least annually to review its previous services and recommendations and to discuss the impact resulting from any changes in the client’s financial situation and/or investment objectives. If a Third-Party Investment Manager is used, Compliance generates quarterly performance reviews and sends out to corresponding clients. Unless otherwise agreed upon, clients are provided with transaction confirmation notices and regular monthly or quarterly account statements directly from the broker dealer or custodian for the client accounts. ▇▇▇▇▇▇▇ may, from time to time, elect to provide clients with written quarterly performance reports generally sourced from or through the custodian. Such quarterly performance reports would be in addition to the custodian’s monthly or quarterly account statements. If there are any discrepancies between the quarterly performance reports and the custodian’s statements, clients should rely on the custodian’s statement and any such discrepancies should be promptly reported to ▇▇▇▇▇▇▇ Client Service by calling ▇▇▇.▇▇▇.▇▇▇▇ during regular business hours. ▇▇▇▇▇▇▇ may review accounts more frequently than the periodic reviews described in this Brochure. Among the factors which may trigger an off-cycle review are major market or economic events, the client’s life events, requests by the client, etc. While there are no restrictions on your ability to contact and consult with the Independent Manager personnel, it is generally preferred that you do so through, or together with your ▇▇▇▇▇▇▇ advisor. The accounts of each ▇▇▇▇▇▇▇ advisor are supervised by a qualified individual appointed by the Investment Committee. ▇▇▇▇▇▇▇ conducts ongoing reviews of all managed investment advisory accounts. The Reviewer is instructed to scrutinize account activity and status for (i) investment integrity, specifically defined as adherence to the client’s stated investment objective, (ii) performance, encompassing the success of the manager in achieving those objectives; (iii) value, a determination that the cost to the client on an advisory level is appropriate to the level of service received and activity generated, and that there is no indication that the client would be better served through a traditional non-advisory account, and that the account is not neglected by the ▇▇▇▇▇▇▇ advisor upon receipt of fees and assignment of the account to a money management plan. The number of accounts reviewed by each reviewer will depend on the number of accounts under advisement. Additional reviewers will be added on an as-needed basis. The Investment Committee will assign accounts to the reviewer(s) when the account is established; reviewers will contact the supervisor if they have concerns regarding the performance or handling of any account; if the concerns are not addressed to the satisfaction of the reviewer within five business days, the reviewer will contact the Investment Committee by phone or e-mail and request further assistance. Clients are provided with transaction confirmation notices and regular summary account statements directly from the broker dealer or custodian for their accounts. Clients may also receive reports from ▇▇▇▇▇▇▇ that includes relevant account and/or market-related information such as an inventory of account holdings and account performance on a monthly basis or as otherwise agreed upon with the client. Clients should compare the account statements they receive from their custodian with any supplemental reports they receive from ▇▇▇▇▇▇▇.
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Sources: Account Application Package, Account Application Package
Account Reviews. ▇▇▇▇▇▇▇ monitors its clients’ investment management portfolios as part of an ongoing process. All investment advisory clients are encouraged to discuss their needs, goals and objectives with the firm and to keep ▇▇▇▇▇▇▇ informed of any changes thereto. The firm contacts ongoing investment advisory clients at least annually to review its previous services and recommendations and to discuss the impact resulting from any changes in the client’s financial situation and/or investment objectives. If a Third-Party Investment Manager is used, Compliance generates quarterly performance reviews and sends out to corresponding clients. Unless otherwise agreed upon, clients are provided with transaction confirmation notices and regular monthly or quarterly account statements directly from the broker dealer or custodian for the client accounts. ▇▇▇▇▇▇▇ may, from time to time, elect to provide clients with written quarterly performance reports generally sourced from or through the custodian. Such quarterly performance reports would be in addition to the custodian’s monthly or quarterly account statements. If there are any discrepancies between the quarterly performance reports and the custodian’s statements, clients should rely on the custodian’s statement and any such discrepancies should be promptly reported to ▇▇▇▇▇▇▇ Client Service by calling ▇▇▇.▇▇▇.▇▇▇▇ during regular business hours. ▇▇▇▇▇▇▇ may review accounts more frequently than the periodic reviews described in this Brochure. Among the factors which may trigger an off-cycle review are major market or economic events, the client’s life events, requests by the client, etc. While there are no restrictions on your ability to contact and consult with the Independent Manager personnel, it is generally preferred that you do so through, or together with your ▇▇▇▇▇▇▇ advisor. The accounts of each ▇▇▇▇▇▇▇ advisor are supervised by a qualified individual appointed by the Investment Committee. ▇▇▇▇▇▇▇ conducts ongoing reviews of all managed investment advisory accounts. The Reviewer is instructed to scrutinize account activity and status for (i) investment integrity, specifically defined as adherence to the client’s stated investment objective, (ii) performance, encompassing the success of the manager in achieving those objectives; (iii) value, a determination that the cost to the client on an advisory level is appropriate to the level of service received and activity generated, and that there is no indication that the client would be better served through a traditional non-advisory account, and that the account is not neglected by the ▇▇▇▇▇▇▇ advisor upon receipt of fees and assignment of the account to a money management plan. The number of accounts reviewed by each reviewer will depend on the number of accounts under advisement. Additional reviewers will be added on an as-needed basis. The Investment Committee will assign accounts to the reviewer(s) when the account is established; reviewers will contact the supervisor if they have concerns regarding the performance or handling of any account; if the concerns are not addressed to the satisfaction of the reviewer within five business days, the reviewer will contact the Investment Committee by phone or e-mail and request further assistance. Clients are provided with transaction confirmation notices and regular summary account statements directly from the broker dealer or custodian for their accounts. Clients may also receive reports from At ▇▇▇▇▇▇▇ that includes relevant account and/or marketAdvisor NXT Advisors, certain advisory programs may be eligible for margin lending purposes. Advisory accounts include discretionary and non-related information such as an inventory of account holdings and account performance discretionary investment advisory programs for which you may be charged a fee based on a monthly basis or as otherwise agreed upon with the client. Clients should compare the account statements they receive from their custodian value. Before using margin in conjunction with any supplemental reports they receive from advisory accounts you should consider and be aware that: • All the general risks of margin also exist • The cost of margin can exceed the returns on your account. • Using margin to purchase additional securities in advisory programs will increase your asset-based fee. Fees are based on the market value of the securities in the advisory program and not on the net equity after consideration of the margin debit. In addition, you will be charged margin interest on the debit balance in your account. • The increased asset-based fee that you pay may provide an incentive for your Financial Advisor to recommend the use of margin. Financial Advisors are compensated on asset-based fees and will benefit when you use margin in lieu of liquidating assets in advisory programs. Advisory programs are not designed for excessively traded or inactive accounts and may not be suitable for all investors. Please carefully review the ▇▇▇▇▇▇▇▇ AdvisorNXT advisory disclosure document for a full description of our services. Minimum account sizes apply.
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