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 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
offers very low commission rates for our clients. The authority of
McIntyre, Freedman & Flynn 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. Fees are based on account size. 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 annually for complete income tax returns. Detailed quarterly reports are sent from McIntyre, Freedman & Flynn.
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 Underwriters at Lloyds of London up to an aggregate of $600 million. Account protection does not cover fluctuations in the market value of securities.
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 signed closing letter.
Getting Started
Call 1-800-698-6411 and ask for the Director of Client Relations
Determine Type of Account
Our Director of Client Relations will help you determine what type of account is suitable for you. We will then send
you the proper account opening forms. The forms will be highlighted in those areas that need additional information and/or your signature.
Mail or Wire
Mail or wire money or authorize the transfer of stock or mutual fund assets DIRECTLY to Schwab Institutional for deposit in the account opened in your name.
Please CALL!
Please call us at any time with any questions. We are here 8:30 a.m. until
5:00 p.m. Monday through Friday. 1-800-698-6411 to help you with any questions
or concerns you might have. You may also email us at info@mcintyreinvestments.net
