Question 1

Is there any asset protection?

Accepted Answer

Asset protection is provided by the custodian Fidelity Investments. Securities in accounts carried by our custodian Fidelity Investments and its subsidiary National Financial Services are protected in accordance  in accordance with the Securities Investor Protection Corporation (SIPC); for up to $500,000 including cash claims to $250,000. The custodian has arranged for additional protection for cash and protected securities to supplement its SIPC coverage. This additional protection covers Total Account Net Equity in excess of the $500,000/$250,000 coverage provided by SIPC. Neither coverage protects against a decline in the market value of securities.

Question 2

How often portfolio update is provided?

Accepted Answer

Portfolio can be viewed on www.fidelity.com virtually 24 hours a day, 365 days of the year. Portfolio summaries are provided monthly through a statement directly from our custodian Fidelity investments.

Question 3

How long does it take to transfer an account to Fidelity Investments?

Accepted Answer

Once Fidelity Investment receives the transfer paperwork and determines it complete, most transfers are usually done within 3-5 days..

Question 4

How are the capital gains reported?

Accepted Answer

Capital gains are reported in the monthly statement as well as through Form 1099 Tax Reporting Statement and supplemental information is provided by the custodian Fidelity Investments. We strive to keep taxable capital gains to the minimum.

Question 5

Can I buy Fidelity funds at Net Asset Value (NAV)?

Accepted Answer

Most Fidelity funds can be purchased at NAV without paying front load, back load or other transaction fees.

Question 6

Can I buy non-Fidelity mutual funds at NAV?

Accepted Answer

We can choose from over 6,200 mutual funds from more than 430 fund families. Most funds can be purchased at NAV without paying front load, back load or other transaction fees.

Question 7

Can I buy individual stock and Exchange Traded Funds (ETFs)?

Accepted Answer

Individual company stock can be purchased with no commision.

Question 8

Is there a minimum investment?

Accepted Answer

Currently, the minimum account requirement is $500,000, however most of our family portfolios exceed a million dollars.

Question 9

How does Excel Capital get compensated?

Accepted Answer

Excel Capital receives compensation only through an advisory fee. The firm does not receive commissions, sales kickbacks, loads, 12b-1 fees or any other form of compensation for the products it recommends. The firm does not derive any revenue through transactional charges. As a consequence the clients always receive an unbiased advice.

FAQs