Investor Solutions is an independent investment advisor. We do not hold assets for our clients. Investor Solutions, Inc. exercises only a limited power of attorney to direct client trades within the client account as per an agreed upon investment policy statement (IPS).
Our client accounts are held at some of the most reputable discount brokerage houses in the country and are titled in the client’s name only. Any disbursements from that account may only be made to the client at his/her address of record, or the client’s bank account.
Clients receive original copies of each purchase, sale, or disbursement, a monthly statement, and consolidated tax reporting at year end. The custodian provides an electronic link and other back office support to Investor Solutions, Inc., which allows us to direct and monitor client accounts on a daily basis.
We are not employees of the custodian, and receive no compensation from them for placing trades through them. We are free to recommend any discount brokerage house or trust company to provide custody for client accounts. We recommend our custodians based on the best combination of services, cost to our clients and their financial strength. No one ever has to worry about the financial integrity of our custodians.
In addition, assets are insured up to $500,000 in accounts held in each separate account capacity (e.g. operating account or capital account), with a limit of $100,000 for claims of cash balances by the Securities Investor Protection Corporation (SIPC).
Each custodian also provides excess account protection above SIPC limits. Details vary by custodian. (Account protection does not cover fluctuations in the market value of securities)
As part of our agreement our custodians also provide customers of Investor Solutions, Inc., a discount from their published fee schedule
To find out more about our financial management nonprofit services fill out our request for information form here