Client Accounts and Fees
Client Accounts/Fees
Interactive Brokers LLC is the independent custodian of all accounts, and the broker/dealer through which trades are executed. Each client has a separate, client controlled account with Interactive Brokers LLC, and grants discretionary trading authority to KMC WEALTH MANAGEMENT, which maintains a "master account" with Interactive Brokers LLC. The client has access to the account 24 hours a day, and is able to deposit or withdraw funds (we request one week's notice so as not to encumber any funds that are to be withdrawn). An Automated Clearinghouse ("ACH") link can be established between the client account and the client's bank account to facilitate transfers. The client can close the account and terminate the relationship at any time, in which case fees are prorated. https://www.interactivebrokers.com/en/index.php?f=42773.
KMC WEALTH MANAGEMENT and Interactive Brokers LLC are independent organizations, there is no relationship between KMC Wealth Management and Interactive Brokers LLC. A third party money management company named:
KMC WEALTH MANAGEMENT charges a performance fee equal to 25% of the monthly cash on cash trading profit, if any - that is, if there is no monthly trading profit, there is no monthly performance fee. The monthly performance fee is debited from the client account at the beginning of the following month. There is no account maintenance fee. Interactive Brokers LLC charges a commission of about $0.90 per option contract traded (about $1.80 per spread position).
Interactive Brokers LLC is a registered Broker-Dealer, Futures Commission Merchant and Forex Dealer Member, regulated by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), and is a member of the Financial Industry Regulatory Authority (FINRA) and several other self-regulatory organizations. Interactive Brokers does not endorse or recommend any introducing brokers, third-party financial advisors or hedge funds, including KMC Wealth Management. Interactive Brokers provides execution and clearing services to customers. None of the information contained herein constitutes a recommendation, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Interactive Brokers makes no representation, and assumes no liability to the accuracy or completeness of the information provided on this website.
For more information regarding Interactive Brokers, please visit www.interactivebrokers.com.
All issues and documents need to be addressed and received before the account can be considered for approval. For your convenience, you may attach scanned images to the reply of this e-mail or fax them to 312-984-0035 with your full account number referenced on the top of the fax. Only the following attachment types are accepted: PDF, JPEG (JPG), PNG.
Aggressive Strategy
Obviously, this strategy is aggressive, can incur high risk, is not for everyone, and is appropriate only for a small portion of an overall portfolio. This strategy can be considered a personal "alternative investment" that is not correlated with the overall market We have attempted to design a strategy that maintains as much liquidity as reasonably possible, while providing absolute return and performance substantially in excess of the S&P 500®.
Qualifed Client
The term "Qualified Client" is defined in Rule 275.205-3 of the Federal Investment Act of 1940, and generally means any person who: (i) immediately after funding the investment account, has at least $1,000,000 under management with the investment advisor; or (ii) has a net worth (together, in the case of a natural person, with assets held jointly with a spouse) of more than $2,000,000 excluding the person's primary residence.
VERY IMPORTANT DISCLAIMER: NOTHING CAN BE GUARANTEED, AND PAST PERFORMANCE IS NO GUARANTEE OF FUTURE PERFORMANCE.
THE STRATEGY DESCRIBED ABOVE IS VERY AGGRESSIVE, CAN INCUR HIGH RISK, IS NOT FOR EVERYONE, AND IS APPROPRIATE FOR ONLY A SMALL PORTION OF A PORTFOLIO.