Command Asset Program

Transcription

1 Command Asset Program

2 Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, member NASD/SIPC. (10/04)

3 Clear Choices. Countless Benefits. New Growth Opportunities. They re All Within Reach. You ve searched high and low. And with Wachovia Securities, your Financial Advisor and our Command Asset Program, you ve found it: a powerful relationship tool to connect your entire financial world. Welcome to the Command Asset Program, Command Asset Program for Business and Command Asset Program IRA, the asset management accounts that integrate all your investing and banking needs into a single, easy-to-manage relationship. With your Financial Advisor as a guide, these accounts can help you realize the full power of your finances. Bringing It Full Circle The beauty of the Command Asset Program is its simplicity. This single relationship links investing and banking activity for maximum convenience and flexibility. Consider it a full circle of opportunity, with premium benefits and exceptional services at every turn. Retirement Planning Margin Loans Access Online Gain/Loss Reporting 3 Investment Advice Investing Command Asset Program Unlimited Check Writing and Free Checks 1 Banking Annual Summary and Tax Package Online Banking and BillPay Check Card Quantum Credit Card with WorldPoints 2 Expense Coding 1 Check writing and check order fees apply to Command Asset Program for Business. For Command Asset Program IRA, must be over 59 1 /2 to receive checks. 2 Subject to credit approval. Other restrictions apply. A Business Visa credit card is available for Business Accounts. Contact your Financial Advisor for details. 3 Gain/loss data shown on your account statement is for your information only and is not a substitute for your own records and the year-end form Cost data and acquisition dates provided by you are not verified by Wachovia Securities. Please consult with your tax advisor to determine the tax consequences of your securities transactions. 1

4 Our comprehensive monthly statement is one of the most innovative features of the Command Asset Program. The Wisdom of Improved Organization One Comprehensive Statement Our comprehensive monthly statement is one of the program s most innovative features. It s all there in black and white: account earnings, portfolio holdings, ATM transactions the full range of your investing and banking activity, categorized and organized each month. With the Command Asset Program, you and your Financial Advisor can easily identify potential financial opportunities throughout the year. Statement highlights include: Portfolio Asset Allocation A pie chart gives a clear illustration of your asset allocation by investment type. Total Value Comparison A 12-month bar graph conveniently allows you to compare the total value of your account assets and track your financial progress. Expense Tracking Summary Details the amount of money spent in a range of categories, from mortgage payments to medical expenses to charitable contributions. In addition to 22 pre-set expense codes, you may customize up to nine codes whenever you write a check. Gain/Loss Summary 3 Shows year-to-date realized and unrealized gains or losses on securities in your investment account. 2

5 Our Command Asset Program Statement Link Service makes tracking all your accounts simple. Command Asset Program Statement Link Service By linking statements from other Wachovia Securities accounts in your household to your Command Asset Program, your statements arrive each month in one envelope with a cover page summary. It s clean, easy and makes tracking all your accounts simple. By gaining a clearer understanding of your entire financial situation each month, you and your Financial Advisor can determine the appropriate allocation strategies for your future. You ll get a comprehensive overview of your household s finances with trust accounts, IRAs and other investment accounts organized and summarized in the same document. This allows you to quickly compare the total value of multiple accounts over time. 3

6 The Annual Summary and Tax Package, like our comprehensive monthly statement, organizes your portfolio in one concise document. The Annual Summary and Tax Package 4 As tax season approaches, Command Asset Program clients are armed with an indispensable financial management tool: our Annual Summary and Tax Package. This package provides an enhanced tax statement and an annual summary in one concise document. Above all, it saves time and money as you compile your end-of-year tax information and plan new investment strategies for the coming year. The Annual Summary and Tax Package includes: Table of Contents Quickly locate the information you need. Summary of Reportable Tax information. Consolidated Forms Asset Earnings Summary Breaks your portfolio earnings into taxable and tax-exempt categories. 5 Gain/Loss Summary 3 Compiles the last year s realized and unrealized gains and losses. Portfolio Assets Report Provides both a summary and detailed descriptions of a year s worth of investments. Expense Tracking Summary Shows the amount of money spent in a range of categories, from mortgage payments to medical expenses to charitable contributions, for the entire year. Account Activity Recap Includes a summary of all checks and Check Card transactions made in the last year. A Report of Other Assets and Liabilities May include IRAs, credit cards and loans. 4 Available for certain personal and business accounts. Contact your Financial Advisor for details. 5 Consult with your tax advisor for specific guidance. 4

7 Choosing Wisely: Unlimited Investing Opportunities Personal Investment Advice Your Command Asset Program gives you unlimited access to professional investment advice and research. Your Financial Advisor is available to help you make the right investment decisions to reach your short- and long-term goals. From stocks, bonds, mutual funds and other securities, your Financial Advisor will help you construct a strategy that's just right for you. Earnings on Cash You can help ensure your money is working for you. All available cash that would otherwise be idle including deposits, dividends, interest and proceeds from the sale of securities is invested each night in your choice of money market funds or an FDIC-insured account. An investment in the fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. Mutual funds are sold by prospectus. Please consider the investment objectives, risk, charges and expenses carefully before investing. The prospectus, which contains this and other information, can be obtained by calling your Financial Advisor. Read it carefully before you invest. Secured Finances Margin Line of Credit 6 Automatically access this credit line against the value of qualifying securities at competitive interest rates. This feature also provides overdraft protection for your account. 6 Margin borrowing may not be suitable for all investors. When you use margin, you are subject to a high degree of risk. Market conditions can magnify any potential for loss. The value of the securities you hold in your account, which will fluctuate, must be maintained above a minimum value in order for the loan to remain in good standing. If it is not, you Choosing Wisely: Valuable Banking Features With Wachovia Securities and the Command Asset Program, you also have access to premium banking choices, including: Unlimited Free Checking 1 with Expense Tracking You re entitled to unlimited check writing privileges and there s never a monthly service fee. In addition, Command Asset Program clients receive free standard checks. 1 Use expense tracking codes on your checks to categorize expenditures. will be required to deposit additional securities and/or cash in the account or securities in the account may be sold. Please carefully review the margin agreement which explains the terms and conditions of the margin account, including how the interest on the loan is calculated. 5

8 Visa Check Card 7 Use your Check Card wherever Visa cards are accepted, pay no monthly service fee and access your funds at more than 500,000 ATMs worldwide. Each transaction is deducted from your account daily and is recorded on your monthly statement. And, if you use another bank s ATM, we ll refund up to five service fees each month. 8 and worldwide air travel with no blackout dates. You can also redeem your points for hotel and car rental rewards along with merchandise featured in our online catalog. You can even redeem your points for cash. Wachovia Securities Quantum Credit Card with WorldPoints 2 This exclusive no-annual-fee card with a credit line of up to $250,000, subject to credit approval allows you to earn unlimited WorldPoints with every purchase, redeemable for U.S. 7 Subject to credit approval. Other restrictions apply. 8 Up to five non-wachovia ATM uses per month refunded up to $2.00 per use. Subject to change. 6

9 Online Services The Wisdom of a New Business Partnership: Command Asset Program for Business Access Online 9 Log on any time for instant access to your Wachovia Securities account at wachoviasec.com and view the latest news and research reports. This comprehensive interactive site includes: Real-time quotes and account information. Detailed position information across 19 categories. Electronic Confirms with up to 400 days of history. Market, Execution and Portfolio Alerts. Portfolio Tracker Provides access to streaming quotes, breaking news, charts and market indices on your desktop even after you log out. Access to OneStop, our account aggregation service. Free Online Banking with BillPay 10 Wachovia s Online Banking with BillPay is offered at no charge to Command Asset Program clients. You can view up-to-date account information, check balances, transfer funds and view images of posted checks anytime, anywhere you have Internet access 24 hours a day. Paying monthly bills is easy with Online BillPay. Schedule almost any payment to individuals and companies, from one-time bills to repeating payments like your mortgage. Today s business environment is more complicated than ever. So it makes sense to simplify your company s finances with the Command Asset Program for Business. This integrated investing and banking relationship offers many of the same programs and services as the Command Asset Program, but is tailored to the unique demands of a growing business. Your Wachovia Securities Financial Advisor will assist you and your business every step of the way with unlimited investment advice and recommendations of special features available to Command for Business clients, including: Visa Business Credit Card 7 Enjoy a low percentage rate and no annual fee. Subject to credit approval (fee may apply for rewards program). Consolidated Monthly Statement Conveniently tracks all company investing and banking activity. Sweep Feature on Cash Enhances the earning potential of your business. Collateralized Line of Credit 6 Borrow against the value of the marginable securities held in your account. Range of Investment Choices Both short- and long-term, with tax-advantaged opportunities. In addition, you can easily download account information to Quicken or Microsoft Money. Convenient management of your finances is just a few keystrokes away. Online Check Imaging You can view images of cancelled checks easily and conveniently online. 9 Access to the Service may be limited, delayed or unavailable during periods of peak demand, market volatility, system upgrades or maintenance, or electronic, communication or system problems; or for other reasons. 10 Account-related fees apply. Customer must have Internet access. Transfer of funds between accounts is available to checking, savings, money market, Command Asset Program and Prime Equity Line of Credit accounts. A Web browser utilizing 128-bit encryption is required for Online BillPay. Certain payments, such as court-directed alimony, tax or government payments, fines or penalties, cannot be made using Online BillPay. 7

10 The Wisdom in Planning for your Future: Command Asset Program IRA When you retire, you may live longer and have a more active retirement than was enjoyed by previous generations. At the same time, the old ways of financing a comfortable retirement company pension plans and Social Security are providing less than ever before. This means you ll have to make extra efforts to help your retirement savings last. A Command Asset Program IRA can help to get you there. With the Command Asset Program IRA, you can take advantage of several potential benefits including: The ability to contribute up to the maximum annual IRA contribution amount per year of which all, or a portion, may be tax-deductible. 11 A consolidated statement containing all of your IRA investments in one easy-to-read document. 8 The flexibility to change investments as your needs change or the market shifts. Check writing privileges if age 591/2 or older. 12 With all of these benefits, you ll also find that your Command Asset Program IRA can provide tax-advantaged earnings with a broad range of investment choices You should discuss the potential tax consequences of an IRA contribution with your financial or tax advisor. 12 Withdrawals of earnings are subject to ordinary income tax. Withdrawals of earnings prior to 591/2 may be subject to a 10% federal tax penalty. 13 Please consult with your Financial Advisor to discuss what investment choices might be right for you. The Uncommon Wisdom of Your Command Relationship The value of the Command Asset Program extends beyond convenience and financial control. We know that you have many choices when selecting a financial relationship. It s our goal to make the Command Asset Program the most beneficial asset management account in the industry. We think you ll agree the Command Asset Program is one investing and banking relationship that s as rich in common sense as it is in uncommon wisdom.

11 2004 Wachovia Corporation Rev 02 (1 ea) 10/04 Kit