Q. Where are my assets held?
A. Prepared Capital does not take custody of client assets. All client accounts are held at TD Ameritrade Institutional.
Q. Are my assets insured?
A. The Securities Investor Protection Corporation (or SIPC) protects against losses due to a financially-troubled member firm. SIPC does not protect against the decline in value of your securities. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. Learn more here: What SIPC Protects?
Q. Is Prepared Capital regulated? By who?
A. Prepared Capital is a Registered Investment Advisor regulated by the California Department of Business Oversight
Q. Do I have access to my funds?
A. Yes. You can request a withdrawal from your account at any time. We will process your request within 24 hours. If we need to sell securities to fulfill your withdrawal request, It takes three additional business days for trades to settle and your funds to be available for transfer.
Q. How do I open an account?
A. You can begin the account opening process by clicking here, or by calling 800-974-2805
Q. How do I close an account?
A. You can request to close your account at any time. Please email firstname.lastname@example.org with your request or call us at 800-974-2805
Q. What types of accounts can I open?
A. We offer Individual, Joint, IRA, Roth IRA, SEP IRA and SIMPLE IRA.
Q. How does your tax-loss harvesting services work?
A. On an ongoing basis, we review accounts for opportunities to harvest losses. Tax loss harvesting works by selling a security that has incurred a loss, and replacing it with a similar security. While the investment allocation of your portfolio stays intact, you are able to use that loss to offset future gains.
Q. When is my account rebalanced?
A. Accounts are rebalanced every 366 days to ensure that we minimize short term gains that are taxed at a higher rate. However, in the event that our Business Cycle Indicator warns of a recession, we will rebalance immediately to our “Recession Allocation.”
Q. What fee’s do you charge?
A. We offer a competitive fee schedule starting at 0.80% per year. We offer asset based discounts beginning at $50,000.
|Account Size||Annual Fee|
|$0 – $49,999||0.80%|
|$50,000 – $249,999||0.70%|
|$250,000 – $499,999||0.60%|
|$500,000 – $999,999||0.50%|
|$1,000,000 – $2,499,999||0.45%|