xma Next Generation Managed Accounts Program

Transcription

1 xma Next Generation Managed Accounts Program

2 Features and Benefits xma Mutual Funds Ownership Individual securities within the investment portfolio are owned by the investor. Investor owns shares in a pool of securities along with other investors. Typical minimum investment $100,000 per account $500 to $2,000 per fund Funding Portfolios may be funded with existing securities and/or cash. Shares in funds are purchased with cash. Tax efficiency The cost basis of each security is established at time of purchase. Potential for investor to manage taxation of gains and/or losses. Cost basis may include embedded capital gains that predate the investor s purchase of shares. Tax management is under the sole control of the portfolio manager. Portfolio holdings Investor can request the exclusion of specific holdings from the portfolio, such as securities in which he or she may already have a large exposure. Holdings are under the sole control of the portfolio manager. Level of service Includes a higher level of individualized service, consultation, and performance analysis. Varies by investment adviser representative and client. Portability Investor can transfer existing securities out of the portfolio. Investor must liquidate shares of the fund for cash. Fees Single annualized fee based on assets under management. Possible sales charges on purchase or redemption (load funds), in addition to ongoing management fees.

3 { Next Generation Managed Accounts Program } The Next Generation Managed Accounts (xma ) program provides you with access to investment vehicles designed to provide professional institutional-quality management that can be tailored to meet your specific investment objectives. This program gives you the advantage of using multiple investment managers and strategies in one account, simplifying the traditional separately managed accounts experience. Designed to help investors with substantial assets get more out of their wealth, xma delivers customized investment management. It offers a powerful combination of professional guidance and flexibility supported by a foundation of qualitative and quantitative research. The goal is simple to help you build and preserve your wealth. xma also gives you access to a broad universe of proven investment managers, many usually exclusive to large institutions, across the spectrum of asset classes. Each of these managers has been thoroughly screened by a team of experienced research analysts and is constantly monitored to help ensure the quality of their management. As your investment adviser representative, I have access to sophisticated tools and resources, such as cutting-edge portfolio analytic tools, in-depth reporting capabilities and due diligence insight that will help me provide you with a more informed investment experience while helping you pursue your goals. { Program Highlights } ϩ ϩ Access to an actively managed investment solution ϩ ϩ More than 70 leading institutional portfolio managers, encompassing more than 100 investment styles ϩ ϩ Access to money managers who, if engaged independently, would require multimillion dollar account minimums ϩ ϩ Independent research by some of the most well-respected firms in the industry ϩ ϩ Ability to potentially minimize adverse tax consequences Multiple managers for one account ϩ ϩ Ability to exclude specific securities from your portfolio for business, moral, ethical or other reasons { Program Features } Direct ownership of securities Portfolio monitoring and rebalancing ϩ ϩ All-inclusive fee no ticket charges or custody fees Transparency of holdings ϩ ϩ Monthly activity statements from custodian of accounts, Pershing LLC, as well as online account viewing Quarterly performance reporting Since no one investment program is suitable for all types of investors, this information is provided for informational purposes only. We need to review your investment objectives, risk tolerance, and liquidity needs before introducing suitable managers/investment programs. For tax advice, you should consult your tax professional regarding your particular situation. Professional money management cannot guarantee that investment strategies will be successful.

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5 { The Benefits of Personalized Management } xma The xma program offers access to the resources and experience of proven money managers, combined with the ability to precisely target your individual objectives. As your investment adviser representative, I will work with you to select money managers from a universe rigorously screened for the highest standards. Direct Ownership of Securities The securities purchased for your account belong to you an important advantage that, among other benefits, can help you manage tax consequences. For example, you are not subject to gains earned by other shareholders as you would with direct ownership of mutual funds. Tax Management Several managers offer specific tax-management strategies that analyze the tax consequences of individual investment decisions or employ techniques like tax-loss harvesting and offsetting of gains. Others specialize in tax-exempt, fixed income investments. Please consult your attorney, accountant and/or tax professional for advice concerning your particular situation. Neither Cetera Advisors nor any of its representatives may give tax advice. Limited Exposure to Certain Securities We can work together to exclude certain securities or sectors from your portfolio, such as companies or industries in which you already have a large exposure, or securities you wish to exclude as a reflection of your social values. { A Long-Term Investment Relationship } Our relationship is the key to personalized investment management. As an experienced investment adviser representative, I will serve as your guide and coach in an ongoing dialogue designed to make planning for your future easier. I will help you develop a personalized asset allocation based on your goals and attitude toward risk, and ensure that your individual preferences are incorporated into your investment management strategy. I will keep watch over your portfolio to track your progress, keep you informed of important developments, and help determine whether you need to modify your portfolio. You ll receive a formal Investment Policy Statement, as well as an in-depth Quarterly Performance Report that will provide a framework for ongoing discussion. Securities and advisory services offered through Cetera Advisors LLC (doing insurance business in CA as CFGA Insurance Agency), member FINRA/SIPC. Investments are: Not FDIC/NCUSIF insured May lose value Not financial institution guaranteed Not a deposit Not insured by any federal government agency. Advisory services may only be offered by investment adviser representatives in conjunction with the firm advisory services agreement and disclosure brochure as provided. Contact your investment adviser representative for a listing of all fees, charges and expenses related to this program. Such information is also listed in the firm s Form ADV Part 2A and disclosure brochure as provided.

6 Cetera Advisors LLC, Member FINRA/SIPC 4600 S. Syracuse Street, Suite 600, Denver, CO Cetera Advisors LLC /13 MF-XMA-F