- What
should I know about JRL Portfolio Management, Inc. (JRL)?
- Why
should I consider using an investment advisor?
- Is
there a minimum account size?
- How
are my assets protected?
- If
JRL does not hold my assets, how does it manage my
account?
- Are
my assets pooled with other investor funds?
- Does
JRL choose the same investments for all clients?
- How
often do you review my account(s)?
- How
does JRL manage the income tax consequences of investing?
- How
does JRL decide which stocks and bonds to buy, hold and
sell?
- In
what ways do I receive information about my account?
- How
does JRL charge for its services?
- Why
is JRL fee-only based instead of commission-based?
-
How
does "No
Gain, No fee. Fee based on the profit instead of assets"
work?
Q.
What should I know about JRL Portfolio Management, Inc. (JRL)?
A.
JRL are dedicated to helping their clients achieve long-term
investment goals. They manage their investment programs using
various investment securities including equities, corporate
bonds, government bonds, and convertible securities.
Q.
Why should I consider using an investment advisor?
A.
It is challenging to be disciplined enough to invest without
emotion by yourself, without interested in politics, specially
US Federal Reserve, bank of Canada... It is challenging to
devote the time and effort for performance. Also this allows
you to spend more time pursing your own interests, or what you
are doing the best.
Q.
Is there a minimum account size?
A.
No.
Q.
If JRL does not hold my assets, how does it manage my account?
A.
When your account is established, you provide JRL with limited
trading authority. This authority allows us to initiate trades
within your account.
Q.
How are my assets protected?
A. Your account is protected by CIPF up to 1 million,
and your assets cannot be withdrawn by JRL. You provide JRL
with limited trading authority. However, you have access and
control fully to your money at any time.
Q.
Are my assets pooled with other investor funds?
A.
No. All investors maintain their assets in individual
accounts.
Q.
Does JRL choose the same investments for all clients?
A.
Each portfolio is custom-designed and considers the client's
time horizon, risk tolerance, cash needs, existing investment
mix, tax bracket, and likelihood of future savings. Each of
their clients is in a unique situation, and They manage their
portfolios accordingly.
Q.
How often do you review my account(s)?
A.
JRL review each account on a regular basis, which allows them
to pay individual attention to each client's portfolios. Their
unique portfolio management process allows them to treat each
client as if he or she is their only client.
Q.
How does JRL manage the income tax consequences of investing?
A.
Unlike mutual funds, the tax consequences of managed accounts
can be predicted and managed efficiently. Working with
information about capital gains and losses outside of the
managed account, they can assist in offsetting gains and
losses and take advantage of the annual short-term capital
loss deduction. Individuals may also achieve tax efficiency
with the management of charitable contributions and investment
advisory fees. JRL does not offer tax advice, but they can
work closely with your tax advisors.
Q.
How does JRL decide which stocks, bonds, and ETF to buy, hold, and
sell?
A.
JRL has developed a proprietary investment methodology for
evaluating securities. They seek to quantify a company's
relative valuation based upon its risk-adjusted growth. They
take into consideration the following fundamental factors of
individual companies: expected growth rate or historical
growth rate of earnings per share, sales per share, and cash
flow per share, the stock's beta, relative valuation to the
market based on P/E ratio, P/S ratio, P/CF ratio and PE/G
ratio. It also considers yields on long-term treasury bonds
and absolute valuations of the stock market.
Stocks
are first classified into either growth or value, they can
judge whether a particular stock is over-valued, properly
valued or undervalued. Individual stocks are assigned one of
five rankings:
- Strong
Buy
- Buy
at Good Price
- Hold
- Sell
at Good Price
- Strong
Sell
All
buy and sell decisions consider individual portfolio
diversification, taxes, and market trends.
Q.
In what ways do I receive information about my account?
A.
You will have access to account information through a variety
of methods. You will receive monthly statements from your
brokers and JRL will send you quarterly performance reports.
You may also access your accounts via the Internet and
telephone.
Q.
How does JRL charge for its services?
A.
JRL receives a percent of profit instead of commissions, or
management fee for its services. "No Gain, No fee."
Q.
Why is JRL's fee based on profit only instead of commission
based?
A.
First, profit based fee reduces the real or perceived conflict
of interest that is often associated with commission-based
arrangements. Second, profit based compensation arrangements
put JRL in the same boat as each client. JRL's success depends
on our clients' success.
Q:
How does "No Gain, No fee. Fee based on the profit
instead of assets" work?
A: If JRL did not make money for you, you pay JRL
nothing.
JRL will create wealth for you, only when you had gain, JRL
will share 10% of the gain, instead of a percent of your total
assent.
For example, if you invest
$100,000 with JRL, your gain is 10%, which is $10,000, JRL
will take $1000 and you gain $9,000. ( Most mutual fund
companies will take average about 2% of your total asset, or
$2000, no matter you profit or even you lose, Most Hedge
fund will charge you 2% of your total asset, plus 20%
performance fee, or $2000+$2000.)
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