Frequently Asked Questions

What are your management fees and how are fees billed?

Clients are billed quarterly according to the annual rates indicated below:

1% of the first $1,000,000 of principal market value, plus .8% of the next $9,000,000 of principal market value, plus .6% of amounts in excess of $10,000,000.

Fees can be either deducted directly from the account or billed to a client directly, depending on the client's preference.

Who does your trading?

Steven Charles Capital uses only outside brokers to execute trades, including Charles Schwab, Merrill Lynch, Morgan Stanley, Smith Barney and Wachovia Securities.

What are your trading costs?

Depending on the broker a client selects for his account, we will often negotiate an institutional discount rate based on the size of the account.

Once I become a client, is there any minimum amount of time I need to stay with the firm?

No. Your relationship with Steven Charles Capital is totally at will.

Who supplies your investment research?

Steven Charles Capital has proprietary research relationships with many major Wall Street firms.

How often do you do your reporting?

We send out appraisal and performance reports quarterly along with our quarterly newsletter. Realized Gain & Loss reports and Income & Expense reports are sent out yearly. More frequent reporting is available upon request.

Will I have direct access to my account online?

We are currently updating our database to include a password protected area on our website that will allow clients to access their portfolios online whenever they choose.

How often can I expect to meet with my portfolio manager?

Meetings are normally scheduled on a semi-annual basis. However, we have several clients who like to meet more often, and any requests for more frequent meetings can certainly be accommodated.