Separately Managed Accounts: A segregated account is established in the name of the client by a Broker/Dealer not affiliated with Beacon Street Capital. A separate account has the advantage of full transparency, unlike a mutual fund, and SEC regulation.
Safe Custody and Reporting: Fidelity Investments serves as the custodian for the majority of our clients, although other custodians may be used. Securities are held in the custodial account in the name of the client. The client gives us discretionary authority to buy and sell securities, allowing us to efficiently implement our investment strategy while the custodian maintains physical control of the client assets at all times.
Building the Portfolio: Buy and sell decisions are made when stocks report their quarterly financial statements. Therefore stocks will not be added to the portfolio until the next reporting cycle.
Current Accounts/Reporting: Individuals, IRA/401(K)s, Endowments & Foundations, and Family Limited Partnerships. We report to each client at the end of each calendar quarter. The report details each investment, provides a portfolio statement and a statement of transactions. In addition, our detailed quarterly newsletter includes our views of what took place and what we expect from the broader stock market in relation to the current state of the economy. At the end of each calendar year all items required for income tax preparation are conveniently provided including: statement of dispositions showing securities sold during the year, the adjusted cost base, the proceeds of sale and capital gain or loss; a statement of fees paid to us and to the custodian for the year; and information reporting interest and dividend income for the year.
Confidentiality: We protect our clients' privacy and treat all personal information relating to our clients with the highest degree of confidentiality. Our Privacy Policy is provided to all clients and is available upon request.
Suitability: Our products are suitable for conservative investors with a time horizon of 5 years or greater. They offer growth and regular dividend income from high quality stocks that represent the best performing sectors of the U.S. economy.
Management At Risk: The portfolio managers have a significant percentage of their net worth invested in these same strategies, putting them on an equal footing with the client.
Fee Schedule for Investment Management Services:
Minimum Account Size: