Current Blog Postings:
Bogue Asset Management’s Quarterly Investment Letter
In this commentary, I discuss how I still see a high degree of uncertainty and a wide range of plausible outcomes looking out over the next 12 months (and beyond). But at the margin I think the macro risks have increased. Trade uncertainty has damaged global business confidence in what by many measures is an already weak global economy..........[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]
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.