Account Opening
Information
Client
Services and Administrative
Support Team
McIntyre,
Freedman & Flynn has a well-qualified
and experienced administrative support group. They
can assist you in all
aspects of administration
for opening your
account. We are not a mega-sized firm, and
we have always prided ourselves on fast and
efficient service with that friendly Cape Cod
“family” touch.
Account
Minimums
The
minimum account size is
$100,000.
Additional accounts
on behalf of other family
members may be opened for a
minimum of $50,000.
Custodial
and Brokerage Relationships
Schwab
Institutional, who serves as
custodian for McIntyre,
Freedman & Flynn's individual
accounts, holds all clients’
securities.
While we strongly
recommend Schwab, we can use
other custodians at a client’s
request.
Schwab executes all
of our trades, and we have
negotiated a very low
commission rate for our
clients.
McIntyre,
Freedman and Flynn’s
authority is limited to
placing buy and sell orders
with Schwab Institutional.
Fees
and Expenses
Our
Company is a fee-based asset
manager and receives no
commissions based upon
trading activity in your
account.
-
Two
percent per year on the
first $200,000
-
One
percent per year on
amounts ranging from
$200,000 to $500,000
-
One
percent on the entire
amount for accounts in
excess of $500,000
-
Fees
for accounts greater
than one million dollars
are negotiable.
Fees for all portfolios are
paid in advance on a
quarterly basis, and can be
automatically deducted from
your account.
For fee purposes, we
will aggregate all accounts
belonging to or controlled
by the primary account
owner.
Statements
Clients
receive a confirmation of
every transaction and a
priced monthly statement
from Schwab Institutional.
Updated account
information is available
online daily from Schwab. In
addition, at the conclusion
of each calendar quarter, McIntyre,
Freedman
&
Flynn will mail you a priced
statement showing the
performance of your account.
Schwab Institutional
also provides all necessary
information for complete
income tax returns on an
annual basis, with more
detailed quarterly reports
from McIntyre,
Freedman and Flynn.
Account
Closure
Opening
an account at McIntyre,
Freedman & Flynn
requires no long-term
commitment.
An account may be
closed by sending a letter
via U.S. mail or courier
with the original signature
of all account holders.
Prepaid fees will be
pro-rated up to the date of
receipt of the closing
letter.
Accounts closing
within 21 days of quarter
end will receive a refund if
requested in writing.
Insurance
Schwab
Institutional is a member of
the
Security Investor Protection
Corporation (SIPC).
Client assets under custody
with Schwab are insured by
SIPC up to $500,000.
Schwab provides additional
account protection through
Lloyds of London up to an
aggregate of $600 million.
Account protection does not cover
market fluctuations in the
market value of securities.
Getting
Started
-
Call
1-800-698-6411.
Ask for the Director of
Client Relations, Doug
Sivco.
-
After
you have talked with
Doug and have determined
what type of account is
suitable for you, we
will send you the
appropriate forms.
They will be highlighted
for those areas that
need additional
information and/or your
signature
-
Complete
and return these forms
to McIntyre, Freedman
& Flynn Investment
Advisers, Inc.
Mail or wire money or
authorize the transfer
of stock or mutual funds
directly to Schwab
Institutional for
deposit in an account
opened in your name.
Questions:
Call 1-800-698-6411
4
Main Street, P O Box 1689
Orleans,
Massachusetts 02653
Email:
info@mcintyreinvestments.net
Website:
www.mcintyreinvestments.net
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