Investors for whom our mutual fund is not desirable may wish to obtain individualized account management from Hymas Investment Management (HYMAS) .To provide this, we ask clients to open a dedicated account at a discount brokerage or other custodian and to provide the firm with trading authority over this account. Once we have determined your risk tolerance, tax situation and special needs, we may then perform trades in the account on your behalf.Trade confirmations and account statements from your chosen brokerage are supplemented by performance measurement and commentary by HYMAS. Any tax situation may be accounted for with this method - from a very aggressive margin account to an extremely passive RRSP.
This service has been endorsed from Norbert Schlenker of Libra Investment Management.
This service is not available for clients of TD Waterhouse.
Retaining our services
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Fees are payable quarterly
in arrears at the following annual rates:
- 1.5% annually on
the first $150,000
- 1.0% annually on
the next $350,000
- 0.75% annually on
the next $500,000
- 0.50% annually on
The account value used
for calculation is the arithmetic mean of the value at the three
month-ends in the quarter.There is a minimum fee of $150
per quarter; clients investing less than $40,000 in such an account
will therefore pay an effective rate higher than the posted rate.
Note that accounts will normally incur the usual brokerage expenses,
such as commissions and settlement fees, in addition to the management
fees payable to HYMAS.