C omputers are used extensively. Most research that took weeks to compute can be done on computers in minutes today. The addition of mathematical models and back testing with computers has simplified portfolio design. Access to information is now immediate. Stop losses and hedging methods are in effect when initial orders are placed on active accounts.
W e negotiate fees for services with each client.
Simple financial plans are relatively inexpensive and generally are referred to a certified fee only planer. Such plans do not use the skill and abilities of the firm and will always under perform the market. However, where we actively manage money with the clients' consent the minimum fee will never be less than .7 percent of the assets under management plus commissions. Mr. Steele maintains relationships and licenses with various Broker Dealers and Future Commodities Merchants occasionally he shares fees or commissions with these companies. However, we reveal the relationships and any unresolved conflicts at time of employment.