What type of authority will Gerard Wealth Management, Inc. have over my investment account?
Gerard Wealth Management, Inc., with your written approval, will have authority to:
- Execute trades and transactions in the brokerage account that we will set up for you, in order to implement your customized investment plan.
- Request a withdrawal by check, wire or ACH debit to be sent directly to you or another one of your bank or brokerage accounts. No funds can be withdrawn in any other name except yours or transferred to any account that is not yours.
- Deduct our investment advisory and management fee from your accounts, per our written agreement. This fee will be reflected in your monthly or quarterly brokerage account statement.
- Monitor your accounts online and discuss them only with you. Unless you authorize us to discuss your accounts with your accountant, attorney or other party, we will keep your information completely private.
How do you get paid? Are there any hidden fees?
We get paid by you, and only you. And there are no hidden fees. Our fee is simply deducted from your account on a periodic basis. Gerard Wealth Management, Inc. has no agreements with any broker, dealer, association, partnership, corporation, individual or other investment advisor to receive any type of commission from any trades or transactions in your account.
How can I verify that Gerard Wealth Management, Inc. is a fee-based advisor who receives no sales commissions from brokers or anyone else?
You can find verify this information at www.sec.gov.
Is your advisor management fee deductible on my tax return?
The IRS Code states that advisory and financial planning fees may be deductible. We encourage you to contact a Certified Public Accountant concerning deductibility of advisor fees for your particular circumstances.
Do you hold any of my money directly?
Never. We will not take possession of cash or securities in any form, for any length of time. Any funds received from you by our office will be immediately sent to Scottrade, and we will verify the receipt of those funds.
Can you withdraw funds from my account without my permission?
No. The funds in your portfolio will be in the custody of Scottrade, which has secure safeguards to protect you and your financial assets.
Any funds that are withdrawn by you or by us (at your request) will be sent by Scottrade directly to your address of record and only in your name. Scottrade will not change your address without written instructions from you.
If you want to transfer funds from your Scottrade account to another bank or brokerage account, those funds will be transferred only to an account with the exact same registration and ownership. This helps to protect you from fraud.
Is my personal and account information confidential?
Can I access my investment accounts directly on a Website?
Yes. You can have secure access to your account at Scottrade's Website. Once there you may access your account values, positions, transaction history, past account statements and tax documents.
Are my funds safe at Scottrade?
Scottrade is a member of the Securities Investor Protection Corporation (SIPC). Assets held by SIPC members are insured up to $500,000 for each separate account, including up to $100,000 in cash. This insurance does not, of course, protect your investment principal from market fluctuation or volatility. Instead, it insures your funds in the event the custodian goes out of business.
What organization oversees and regulates your firm?
Gerard Wealth Management, Inc. is a Registered Investment Advisor regulated by the Kansas Securities Commissioner.
Do you offer advice concerning other investments that I may have, such as retirement plans, pensions and annuities?
Yes, Gerard Wealth Management can create custom portfolios in accounts held outside of Scottrade. These portfolios may be self-directed with our help and advice, either through work-related retirement plans, supplemental insurance annuities or other investment vehicles.