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Managed Account Service
To Open A Managed Account. Please contact Deen Capital at 800-353-4990 or
info@deencapital.com.
How It Works. Clients open a brokerage account in their own name (or the name of their
trust or corporation) at E*Trade Financial.
(www.etrade.com).
They then authorize Deen Capital Management, Inc. to place buy and sell orders on their behalf.
Minimum Investment. The minimum initial investment is $50,000.
Commissions. Through a special arrangement with E*Trade, Deen Capital clients pay only $5 per trade.
Management Fee. Deen Capital charges a quarterly management fee, payable at the beginning of each quarter.
The fee is based on assets under management at the end of the prior quarter, and is calculated as follows:
- 0.75% per quarter (3.0% per annum) for the first $50,000.
- 0.5% per quarter (2.0% per annum) for the next $450,000.
- 0.375% per quarter (1.5% per annum) for the next $4.5 million.
- 0.25% per quarter (1.0% per annum) for the next $5 million.
Clients may pay by check, or they may ask E*Trade to pay the fee from the managed account.
Please note that our performance numbers since 1994 are net total returns
after fees and commissions.
Statements and Reports. Clients receive at no extra charge:
- A detailed e-mail report (if requested) from Deen Capital every week. These e-mails include:
- Mr. Deen's market commentary.
- A performance update on your account, including your current account value, year-to-date gain,
and gain since inception.
- Detailed information on any gains or losses realized during the week.
- A detailed list of all stocks held, including buy date, buy price, current price, and paper
gain (or loss).
- The cash balance in your account.
- A letter and performance update from Deen Capital every quarter.
- An end-of-year tax report from Deen Capital every January.
- A confirmation from E*Trade for every trade.
- A statement from E*Trade every month.
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