circumstances, future plans, and even personality type lead to the necessity of
multiple investment styles.
We recognize that you
are unique, and your reasons for selecting a particular style are your
At JPIC we offer several different types of account management.
Typically, we meet with you to determine your needs as they pertain to income, growth, and
risk tolerance. A clear understanding of your individual situation, your goals,
and your desires will assist us in
the determination of appropriate asset allocation and investment strategy.
Together, as client and manager, we reach a decision as to the types of
securities in which your account will be invested, and the proper proportions
thereof. We then move slowly
and carefully, investing your funds as if they were our own.
TYPES OF ACCOUNTS:
primarily hold common stocks and may also hold convertible bonds and convertible preferreds. Issues are selected based upon balance sheet
data, relative valuation, and growth prospects, among other factors. We are
often utilized as a balance, and provide cash flow and
Objective: Designed to give you maximum capital
appreciation, but carries a higher level of market risk.
Consists of primarily investment-grade
bonds, and may be balanced with convertible issues, as determined in
conference with you, the client. We will occasionally use preferred
are selected based upon balance sheet strength, call information, and yield,
among other factors. Maturities are "laddered". (Convertibles
are often not of investment grade, thus utilization of these securities is
determined on an individual account basis.)
Objective: Market risk in this style is small, and cash flow is maximized.
A combination of stocks, convertibles and
bonds, the proportions determined by JPIC and you, the client.
Securities are selected as described above.
moderate capital growth, stability
of principal, and cash flow.
The Process of Opening an Account
You will then open an account at a brokerage
firm, and we strongly prefer that you select from among the brokers (live or
online) that we
regularly use. This handful of brokers, all at major firms, are
effectively a part of the team servicing your account. Using a member of
this "team" is ultimately to your advantage as well as ours, as it
permits efficiency in placing orders and negotiating rates.
JPIC does not receive or hold any of your
securities or cash. The brokerage firm provides
these custodial services
and also insures the account.
While we or your broker can often assist in
providing missing documents, it is the ultimate responsibility of you, the client,
to retain all confirmations and all necessary tax information.
For Equities, we bill quarterly in advance at
the rate of one-quarter of one percent (1% per annum), based upon the value of
the stocks held in your account at the beginning of each calendar quarter.
For Fixed Income, we bill quarterly in advance
at the rate of one-eighth of one percent (0.5% per annum), based upon the value
of your account at the beginning of each calendar quarter.
In both types of accounts, cash balances and convertible securities are
considered as fixed income for billing purposes.
Please note that hiring an Investment
Adviser in no way protects you from loss of principal. We will exercise prudence and diligence in
an effort to achieve your investment goals, but it is important that you
acknowledge and understand the risks inherent in securities investments and that
you agree to assume those risks.
You can reach us:
5342 Sandhamn Place
P.O. Box 475
Longboat Key, FL
Redding Ridge, CT 06876-0475
Fax call for number
Copyright © 2010 JPIC