The Seastrunk Managed Assets Program Benefits:
-
Seastrunk’s
MAP is a dynamic, versatile platform that provides each client
with a carefully constructed and individually selected portfolio
that is both highly diversified and tailored to meet your
individual investment needs.
-
A
secure, custom financial plan designed by a
CERTIFIED
FINANCIAL PLANNER® Practitioner using the latest
investment and financial planning techniques that can reduce
financial risks, lower taxes and avoid probate.
-
Year long Dynamic
Asset Selection and Strategic Rebalancing of your portfolio.
-
Quarterly meetings to
review your investment performance, update your overall
financial objectives, and if necessary rebalance your portfolio.
Seastrunk’s MAP is a
dynamic, versatile platform that provides each client access to
a carefully constructed and individually selected portfolio that
is both highly diversified and tailored to meet your individual
investment needs...
-
We
offer to create a custom financial plan designed by a
CERTIFIED
FINANCIAL PLANNER® Practitioner
using the latest investment and financial planning
techniques that can reduce financial risks, lower taxes and
avoid probate.
-
Year long Dynamic
Asset Selection and Strategic Rebalancing of your portfolio.
-
We offer to meet with
each client quarterly to review your investment performance,
update your overall financial objectives, and if necessary
rebalance your portfolio.
-
Monthly statements
from Fidelity Registered Investment Advisor Group
-
Availability of over 3000
no load and load waived mutual funds and discount
commissions on stock purchases and ETF’s.
-
We offer to make
recommendations regarding positioning of funds within your
employer provided retirement plans, such as 401(k)’s
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Our quarterly "market watch"
letter detailing our research, analysis and view of the
current state of the investment markets.
Tax Reduction Planning
-
We offer quarterly review
of your tax situation and planning to incorporate any tax
law changes. (not just one annual review at year end)
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Free annual consultation with
your CPA tax preparer
-
We offer to make
recommendations of tax solutions, including tax advantaged
investments.
Retirement Income Planning & Distribution Planning
-
We offer ongoing planning
for generating income to last throughout your lifetime.
-
We offer to make
recommendations regarding the best distribution method (tax
wise) for your employer retirement plans, IRAs and other
taxable assets.
-
We offer to review
the beneficiaries of your IRAs and establish an Inherited
IRA to help preserve your IRA for up to 70 years or longer
after you pass away!
Family Wealth Planning
-
We offer to review your
current estate plan to keep things up to date.
-
Free consultation with your
Attorney.
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Assistance in transferring
assets to any living trusts or other trust.
-
Additionally,
through the years, Seastrunk
has established relationships with best-of-class money
managers, custodians, and trust companies that we can call
upon to help implement your plan.
The Seastrunk Managed Asset Program
is the solution to your investment needs. With your MAP, you get
a professionally-designed investment portfolio that provides you
with a broad array of as many as 20 asset classes and market
sectors — far greater diversification than you are likely to
obtain on your own. The program also offers Dynamic Asset
Selection and Strategic Rebalancing. And you get
regular statements, tax reporting and complete online access to
your accounts.
What Does My Portfolio Consist Of?
Each client’s MAP account
consists of as many as 20 asset classes, including:
1. Short-Term
U.S. Government Securities
2. Intermediate-Term
U.S. Government Securities
3. Long-Term
U.S. Government Securities
4. Short-Term
Corporate Bonds
5.
Intermediate-Term Corporate
Bonds
6. Long-Term
Corporate Bonds
7.
International Bonds
8.
Large-Cap Value U.S. Stocks
9.
Large-Cap Growth U.S. Stocks
10.
Mid-Cap Value U.S. Stocks
11.
Mid-Cap Growth U.S. Stocks
12.
Small-Cap Value U.S. Stocks
13.
Small-Cap Growth U.S. Stocks
14.
International Value Stocks
15. International
Growth Stocks
16.
International Emerging Market
Stocks
17.
Real Estate
18.
Natural Resources
19.
Cash Reserves
20.
Bear Market ETF’s
Your
portfolio is constructed via a unique combination of
institution-class mutual funds, Exchange-Traded Funds (ETFs) and
individual securities.
We follow a long term
investment policy that you choose (with our help) that will:
- It serves to remind us of your long term goals and needs
as well as reassure you that you are only taking on as much
risk as you need or want.
- Establish reasonable
expectations, objectives, and guidelines for the investment
of your money.
- Define both of our
responsibilities in this relationship.
- Help balance your desire
for high returns with your tolerance for volatility.
Fidelity Investments Institutional
Brokerage Group offers the mutual fund shares. ETFs, the
fastest-growing segment of the fund industry, are
offered by Vanguard, IShares, S&P, and others, and are available
via U.S. stock exchanges. The total cost of the investments used
by MAP varies based on the specific portfolio we recommend for
you; typically it is 0.40% per year or less. This is extremely
low by industry standards.
What Is Dynamic
Investment Selection?
Your investment success is dependent on the specific investments
used in your portfolio. Although we believe that combination
of no-load mutual funds, ETFs and individual securities
currently offer the most effective way for you to achieve your
investment goals, opinions change due to new product innovation,
changing market conditions or changes in your personal
circumstances.
Dynamic selection enables us to replace a current investment
with a new one. Once it has been determined that the new
investment offers you advantages over the current investment.
Such changes are very carefully considered, and they do not
happen frequently. You pay no fees or commissions when we make
most changes to mutual funds, however ETF’s and individual
securities incur Fidelity’s normal discounted commission
schedule, additionally there may be a tax implication.
What Is
Strategic Rebalancing?
The benefits of building a highly diversified portfolio are
clear. But that portfolio must be monitored and maintained,
because each asset class will change in value independently of
the other asset classes. Left unattended, the portfolio could
change its composition, resulting in a risky, even dangerous,
overall allocation. Strategic rebalancing prevents this risk.
We monitor your portfolio on a daily basis, and whenever
needed, rebalance the portfolio, restoring the asset allocation
model to its original design. You pay no fees or commissions
when we make most changes to mutual funds, however
ETF’s and individual securities incur Fidelity’s normal
discounted commission, additionally there might be a tax
implication.
What Is
The Minimum Amount I Need To Open An Account?
Most of our clients have multiple accounts. These include
joint accounts for married couples, IRA accounts for him and
her, trust accounts and even custodial accounts for the kids.
The total value for all of your combined accounts should be
$25,000 or more (you can start with a smaller amount if you
intend to add additional funds relatively soon). Provided you
meet this overall minimum, any of your MAP accounts can be as
small as $3,000.
Can I
Use a MAP For My Retirement Assets?
Yes. MAP is suitable and appropriate for IRAs and other
retirement accounts. In fact, approximately 80% of all the money
in MAP accounts resides in IRA accounts. We can also accept
ERISA accounts for clients who own a business.
Can I
Make Withdrawals or Receive Income From My Account?
Yes. One of the great benefits of MAP is its ability to give
you monthly income whenever you want. About a third of our
clients receive monthly income from their MAP accounts. They
receive money that is direct-deposited to their local bank.
You can do this, too. You are free to start, stop, increase
or decrease the amount you receive, or you might choose to
receive money from your account only when you desire it. The
choice is yours. The value of your account might be higher or
lower than when you invested, subject to current market values.
(If your account is an IRA, there might be IRS limitations. Talk
with us first.) Some mutual funds charge a small short term
redemption fee if sold within 60 days of purchase as well.
Please note that it can take seven to 10 days to receive a check
after you request a withdrawal.
Can I
Review My Accounts Online?
Yes. You can also receive monthly statements in the mail
from Fidelity, and you can call us during regular business hours
if you have any questions.
Is My
Personal Information Secure?
You can be confident that we are fully committed to
safeguarding your personal privacy. We hold all the information
you give us in the strictest confidence, and we deploy the
latest security encryption methods and firewalls to safeguard
computer data.
And, as a Registered Investment Advisor, registered with the
SC Securities Commission, we are a fiduciary, which means we are
legally obligated to work in your best interests at all times.
This is the financial industry’s highest professional standard.
How Is Your Money
Kept Safe?
Investments
that you entrust to Seastrunk Financial Management, LLC are
placed in custody with Fidelity’s clearing firm, National
Financial Services LLC (“NFS”). Securities in accounts carried
by NFS are protected in accordance with the Securities Investor
Protection Corporation (“SIPC”) up to $500,000 (including
cash claims limited to $100,000). For details, please see
www.sipc.org. Seastrunk Financial Management is not
affiliated with Fidelity or any other broker.
Supplemental Asset Protection Up To $100 Million
Many
of our clients have accounts with balances in excess of the
coverage provided by the SIPC so Fidelity arranged for
additional protection for cash and covered securities to
supplement its SIPC coverage. This additional protection covers
total account net equity in excess of the $500,000/$100,000
coverage provided by SIPC. Neither coverage protects against a
decline in the market value of securities.
Broad Selection of Investments
With one of
the largest mutual fund supermarkets in the industry,
working with Fidelity enables us to select what we think are the
best investments for your portfolio, from more than 5,600 mutual
funds from over 400 fund families.
With a singular focus on best execution, Fidelity
Capital
Markets offers significant liquidity from a strong order flow
pool, providing access to better prices and better information.
Simplified Record
Keeping
The
investment world is complicated enough without having to
keep track of transactions, capital gains and losses, and so on
— especially at tax time.
Through our
relationship with Fidelity, you will receive a simplified,
consolidated statement each month that reflects all of your
investment positions, transactions, and realized gains and
losses on your trades. At the end of the year, you will receive
one 1099 tax form and a summary statement, which can make
preparing your tax return a lot easier.
What
Does Seastrunk’s MAP Cost?
Our MAP offers you a simple management fee. There are no
hidden fees, and we do not accept any commissions or other
incentives while managing your account.
Instead, MAP offers you an annual fee that is based on the
amount you invest; the more you invest, the lower the rate.
One-quarter of the fee is debited from your account every three
months only after we have done the work, and the
fee appears right there on your next statement.
The fee covers all management and most account-related services
(including daily monitoring, dynamic security selection and
strategic rebalancing as needed). The fee does not include
trade execution, securities custody, clearance services and SEC
and other fees and taxes required by law, debit balances or
margin interest. The fee is debited directly from your account
and for many investors is tax-deductible.
Our Code
At
Seastrunk Financial, we adhere to the CERTIFIED FINANCIAL
PLANNER® Board’s Code of Ethics and Professional Responsibility.
Additionally,
we attempt to avoid conflicts of interest that may arise as a
result of the management of client portfolios. From time to
time, however, we may recommend or cause a client to invest in a
security in which we have an ownership position. Similarly, we
may purchase or sell a security of the same class of securities
held in a client account or recommended for purchase or sale by
the Firm.
We have adopted policies and
procedures and a Code of Ethics intended to
prevent us from benefiting from any price movement that may be
caused by client transactions or the Firm's recommendations
regarding such securities. At any time, just ask and we will
provide you a copy of our Code of Ethics as well as our
disclosure brochure: Form ADV Pt. II.
|
ASSET MANAGEMENT FEES |
|
Assets Under Management |
Annual
Fee |
Quarterly
Fee |
|
For the first $150,000 |
1.25% |
0.375% |
|
For the next $350,000 |
1.00% |
0.25% |
|
For the next $650,000 |
0.85% |
0.2125% |
|
For the next $4,350,000 |
0.50% |
0.1250% |
|
For the amount above $5,000,000 |
0.15% |
0.0375% |
