Money Management Accounts

Traditional Transaction
Those who have been investing in stocks and bonds for many years are very familiar with the term "commission." Since the beginning of the brokerage business, the primary way in which stockbrokers have been paid is through a commission added to each transaction, whether a buy or sell.
 
For most investors in the stock and bond markets, this traditional transaction-based fee structure is the least expensive way for a client to maintain a strong relationship with a professional portfolio manager. In addition, this relationship allows for considerable client input into the decision-making process if the client so desires.

Discretionary Money Management
R. Seelaus understands that some investors want a financial consultant, or third party institutional money manager, to manage their account without contacting them about every transaction. For this type of investor, R. Seelaus makes available several types of accounts whereby an investment professional makes the investment decisions based on the goals and the financial situation of the client.

A client may sign a Power of Attorney giving the trading authority to the investment professional. This investment professional may be compensated through a commission on transactions or through a fee-based account where an annual fee is charged based on the total assets under management.

In addition, R. Seelaus, through its relationship with First Clearing, LLC, has a program whereby the client may have his or her assets managed by a professional money manager chosen from a nationwide list. This manager will be chosen based on the financial goals and needs of the investor.

Asset Advisor Program

• A New Kind of Brokerage Account
• Fee-based, monitored brokerage account. 
• No commissions beyond one annual fee; you don’t pay commissions on individual trades.
• You maintain control over the activity in your account and are able to hold equities, fixed income and over 3,000 no-load and load-waived mutual funds.
• Quality investment recommendations from your professional representative.
• Your representative will meet with you periodically to provide a written analysis of your account’s performance.

*Minimum account size is $100,000.

Asset Advisor is a brokerage account for which the client agrees to pay a flat fee in lieu of individual commissions on transactions executed. Certain Asset Advisor accounts may be subject to additional transaction fees. The research recommendations and other services described in connection with Asset Advisor accounts are solely incidental to such brokerage securities transaction executions.

Federal regulations may require us to impose certain transaction costs on some securities, and to exclude certain securities from Asset Advisor accounts. Certain restrictions apply. The Asset Advisor account agreement provides complete details.