Bogue Asset Management’s Quarterly Investment Letter is available for review, My commentary examines the economic "tug of war" being reflected in the stock market, with improving economic and company fundamentals on the one side, and concerns about debt-related stress points and the longer-term strength of the economic recovery on the other. [See More]
Bernie Madoff’s clients didn't see his Ponzi scheme coming. Could they have? Let's look at four safety tips that would have prevented this from happening and the safeguards that Bogue Asset Management LLC provides in its client relationships: [See More]
How your advisor is compensated does matter. Lately there has been a blurring of the lines with the use of the term “Fee-Based” to describe how one is compensated. I’ll tell you why Fee-Based is not Fee-Only and the difference can be substantial: [See More]
Shopping around for a financial planner? When you are in the process of looking for a financial planner, you should have a consistent interview process to determine which planner is the best for your needs. These are the seven questions that I suggest that you should ask: [See More]
Investment Management Service Safegards
To safeguard your portfolios, Bogue Asset Management LLC operates in the following manner:
- Bogue Asset Management LLC retains Shareholders Service Group (SSG) as their brokerage firm and Pershing LLC, which is a division of Bank of New York Mellon is the custodial firm. Client’s may also opt to use the brokerage firm of their choosing
- We have non-discretionary authority, which means that the client needs to approve all recommendations before Bogue Asset Management can implement trades
- We conduct transactions on behalf of clients under a Limited Power of Attorney agreement with the custodian involved. This allows us to transact within the accounts, but we are not allowed to transfer funds outside or between accounts.
- We use open end mutual funds and exchange traded funds due to their transparency and higher regulatory oversight. We do not believe in investments or investment strategies that have non-transparent investment styles.
- Client accounts at SSG have Securities Investor Protection Corporation (SIPC) coverage up to $500,000 per account. SSG also provides excess account protection for assets held up to an aggregate limit of $1 billion provided by Lloyds of London. Fraud insurance does not protect against market declines; but it does protect against theft of securities and/or related fraudulent transactions. No insurance protects 100%, but at $1 billion in total coverage, my clients have one of the largest and best plans available.
- Our clients can readily look up the prices of their holdings within financial newspapers and receive periodic statements listing these securities from the independent brokerage firm.