Managed Account Service
To Open A Managed Account. Please contact Deen Capital at 800-353-4990 or firstname.lastname@example.org.
How It Works. First, a client opens a brokerage account at E*Trade Financial. (www.etrade.com). This could be a personal or joint account, an IRA, a trust, or a corporate account. Then, the client authorizes Deen Capital Management, Inc. to place buy and sell orders on his or her behalf.
Minimum Investment. The minimum initial investment is $100,000.
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:
For example, the annualized fee on a $1,000,000 account would be 1.75% per year (2% on the first $500,000 + 1.5% on the second $500,000). Clients may pay by check, or they may have the Deen Capital management fee paid from the account. Please note that our stated performance numbers since 1994 are net returns after fees and commissions.
Statements and Reports. Clients receive at no extra charge:
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