Red Spruce Capital has no minimums. As a Registered Investment Advisor, the firm offers portfolio and investment management services to individuals and businesses in a wide variety of income and asset ranges. Please contact us to discuss our services in more detail.
Yes, we have a legally binding fiduciary duty to hold clients’ interests above our own in all matters.
Red Spruce Capital’s annual fee is calculated as a percentage of assets under management. The annual fee for the Portfolio Management Service is 1% of assets under management.
No. A broker links buyers and sellers (and charges commissions for transactions). Red Spruce Capital is a Registered Investment Advisor and does not receive commissions for transactions.
No. While we may employ various hedging and “alternative” strategies for our clients, we are not a hedge fund. As a Registered Investment Advisor, we have a legally binding fiduciary duty to hold clients’ interests above our own in all matters.
Yes. The firm and its Portfolio Managers are registered with the U.S. Securities and Exchange Commission (“SEC”). Red Spruce files and maintains all applicable licenses as required by the state securities boards and/or the Securities and Exchange Commission (“SEC”), as applicable.
How are accounts protected? Red Spruce Capital holds discretionary authority (trading authorization) over client accounts in order to provide day-to-day portfolio management services. Red Spruce Capital is not the custodian of the assets – Red Spruce recommends that assets are placed in the custody of Altruist Financial LLC, a broker-dealer registered with the United States Securities and Exchange Commission (the “SEC”) and member of the Financial Industry Regulatory Authority (“FINRA”). Altruist Financial LLC is a member of the Securities Investor Protection Corporation (“SIPC”), which means securities held in your brokerage account are protected up to $500,000 (including $250,000 for claims for cash). An explanatory brochure about SIPC account protection is available at www.sipc.org. Additional insurance through Lloyd’s of London also provides excess account protection for held assets.
Yes. Our contracts for all services clearly state that clients can choose to terminate our services at any time. No fees are incurred beyond those charged for services that we have already performed.
Account types available for discretionary management include:
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