This
page is intended to be a quick introduction for those
who are new investors in the managed accounts arena.
- Managed accounts differ from hedge funds in that
they are completely transparent. All trading activity
and currently held positions are in full view for
the account holder to see and monitor. If funds need
to be withdrawn or the account needs to be closed,
there are no "lock-out" periods in effect.
These actions can usually be taken on the same day
they are requested.
- Prospective clients begin by choosing their preferred
clearinghouse, commonly referred to as Futures Commission
Merchants, or FCM's. Advanz requests that clients
choose an FCM from those with whom we currently have
a working relationship. A list of approved client
FCM's can be found towards the end of this power point
presentation.
- The client then submits account opening paperwork
that includes instruction to give Advanz written authority
to trade on his or her behalf. All trading activity
can, and should be monitored by the client through
real-time websites or by daily electronic or paper
statements. Once opened, no outside trading activity
can take place in this account other than those trades
initiated by our trading department.
- Client accounts are balanced each day by Advanz
to ensure that all approved trading activity has taken
place in the proper client accounts. FCM's are notified
immediately of any discrepancies or changes that need
to be made.
- Advanz performance/incentive fees are billed monthly
and invoices are sent directly to clients for their
record keeping. At no other time does anyone but the
client have access to remove funds from the client's
account. Prospective clients should take time to read
and thoroughly understand the disk disclosure found
towards the end of this power point presentation.
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