Separately Managed Accounts
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Stoken Asset Management invests client funds using Separately Managed Accounts. A separately managed account is a private portfolio of individual securities. By not commingling assets with other investors, clients may closely monitor the portfolio’s progress and evaluate their individual securities and asset allocations.
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In order to provide the highest level of transparency and security, SAM accounts are held at one of three third-party custodians, with clear checks and balances in place. By separating the firm that is holding the assets (the Custodian) from the firm that is investing the assets (SAM), clients maintain free and clear ownership of their portfolio assets at all time, with no lock-up period, and with full access to account transactions.
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Types of Accounts Managed
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Many different types of accounts can be managed using the STA strategy, including: Individual, Joint, and Institutional Brokerage Accounts, Retirement Accounts (IRAs, 401ks, etc.), Education Savings Accounts (Coverdell), Trust Accounts and Variable Annuities. Stoken Asset Management will assist clients in opening or transferring any of these accounts to one of the three custodians that we use.
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SAM Fees
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SAM’s fees are assessed at the end of each quarter, in arrears, and calculated based on the average daily balance for that period. Minimum account size is $100,000.
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Fee Schedule
From $100,000 to $1,000,000 1.00%
From $1,000,000 to $5,000,000 0.75%
From $5,000,000 to $10,000,000 0.67%
Over $10,000,000 0.50%
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Additional Fees
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Other fees that will affect your account include custodian trading fees and the underlying expense fees for the ETFs that we use. We work hard to ensure that our clients receive competitive transaction fees and high quality client service from the third-party custodians holding their assets. In addition, we use low fee ETFs to help keep additional fees to a minimum.
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