An individually managed account relationship offers each client their own investment account overseen by a portfolio manager who is authorized to select investments and trade on their behalf. This type of money management relationship offers a more personal and transparent experience than purchasing mutual fund shares or owning shares in some other type of pooled fund - like a hedge fund. Another advantage is that you own each of the securities purchased on your behalf - you own the securities directly. This arrangement provides the advantage of making effective tax planning and management possible. For customer cost efficiency and management ease, we have our clients use TD Ameritrade Institutional for custody and trading. Also, we handle most of the paperwork for you.
An ETF is an index fund that trades like a single stock on a major exchange. These index funds represent a portfolio, or "basket" of investments, that aim to replicate the movements of a specific financial market without human input into the decision of which securities to purchase or sell. There are ETFs representing stocks in the US and foreign markets, bonds, real estate and even commodities like gold or silver. Pick an asset class or country market or market sector that is publicly available and it is a good bet that it is already represented by an ETF or will be soon. With ETFs, you enjoy both the flexibility of a stock and the diversification of an index fund in exchange for an extremely low expense ratio. ETFs can be bought on margin, sold short and many are options based.
Significant additional information about our services is available to you via the OUR PROCESS page on this site.
You have the right to receive a copy of Part II of Form ADV filed by ELF Capital Management, L.L.C. with the Commonwealth of Virginia prior to signing an Investment Advisory Agreement. In compliance with investment regulations, ELF Capital Management, L.L.C. will not transact business in any state unless first registered there or qualified for an exemption or exclusion from registration in that state.