Integrity Competence Prudence
All accounts for clients using the firm’s investment advisory services will be held at TD Ameritrade a division of TD Ameritrade Holding Company (NASDAQ AMTD). TD Ameritrade has been providing brokerage services to individual investors for over 40 years. Through their institutional division they also offer a low-cost custody and institutional trading services to independent Registered Investment Advisors like Grayeli Investment Management.
The accounts will remain under the clients name held with TD Ameritrade. Using a limited power agreement only for those accounts the client will provide Grayeli Investment Management full discretion to act as a fiduciary on their behalf for making investment decisions.
Like many other brokerage firms, your accounts which according to the SEC’s Customer Protection Rule, are required to be separated from the brokerage firm’s assets are covered by Securities Investor Protection Corporation (SIPC) in the unlikely event TD Ameritrade fails or declares bankruptcy. SIPC coverage constitutes a maximum of $250,000 in cash claims and $250,000 in securities claims totaling $500,000 per client.
Unlike hedge funds or when using insurance products there are no lock up periods, special times to withdraw funds, or surrender charges from your accounts held at TD Ameritrade. Moreover you are able to transfer your account to another brokerage firm at anytime of your choosing.
You will have access to your accounts 24/7 through TD Ameritrade Institutional website. Through the site you can view your monthly statements, and all transactions made by your advisor on your behalf.