Frequently Asked Questions
How large is George McKelvey Company?
We are a mid-sized firm with one office. We have eight advisors who make all
investment decisions and have direct management responsibility for each
account. Our advisors have been with the firm an average of 14 years. A
minimum of two advisors, including a partner of the firm, supervises each
account so it is covered at all times. There are 13 additional individuals who
serve as support staff.
It’s located in a small town. Is that a problem?
We started in a small town and have been here since inception. In a small town,
one cannot grow and prosper over the years without doing well by one’s clients
who may also be one’s neighbors and friends. Today, we have national and
international clients, and with modern communications, geographic distance has
proved no barrier to a good investment relationship. Regardless of location, we
primarily work with our clients via telephone, email, fax, and, of course, regular
mail. We are responsible for approximately $300 million under direct
management.
We also have significant philanthropic commitments as trustees or voluntary
advisors to the endowments of major colleges, national foundations, and other
organizations. This brings us into contact with the leading financial thinkers and
money managers in the country.
What is the nature of George McKelvey Company’s business?
George McKelvey Co., Inc. serves primarily as investment advisor to individuals
and families. We are registered investment advisors with the Securities and
Exchange Commission. We manage money on a fee basis and execute any
transactions on a discounted commission basis. In other words, we receive a flat
fee based on the assets under management, with a nominal transaction cost for
our discretionary clients. Therefore, we have limited economic interest in
commissions on any specific transactions. Personal and customized service is
our hallmark.
What protections exist for my account?
All client securities are held at National Financial Services LLC (NFS), one of the
largest professional custodians in the securities industry. As a registered
broker/dealer, NFS is subject to the rules and regulations of the Securities and
Exchange Commission (SEC), the Financial Industry Regulatory Authority
(FINRA) and others. As part of its responsibilities, every month NFS sends you a
statement that outlines all activity in your account. They send it to you directly,
independent of us (we receive a copy). In short, you have an independent entity
preparing and sending periodic statements of the account and reporting
separately to you on all activity. National Financial Services LLC is also a
member of the Securities Investor Protection Corporation (SIPC).
In accordance with SIPC, securities in accounts carried by NFS are protected up
to $500,000. For claims filed on or after July 22, 2010, the $500,000 total amount
of SIPC protection is inclusive of up to $250,000 for claims for cash. For details,
please see www.sipc.org. In addition, NFS has arranged for coverage above
these limits. Neither coverage protects against a decline in the market value of
the securities and neither coverage extends to certain securities that are
considered ineligible for coverage.
How large is George McKelvey Company?
We are a mid-sized firm with one office. We have eight advisors who make all
investment decisions and have direct management responsibility for each
account. Our advisors have been with the firm an average of 14 years. A
minimum of two advisors, including a partner of the firm, supervises each
account so it is covered at all times. There are 13 additional individuals who
serve as support staff.
It’s located in a small town. Is that a problem?
We started in a small town and have been here since inception. In a small town,
one cannot grow and prosper over the years without doing well by one’s clients
who may also be one’s neighbors and friends. Today, we have national and
international clients, and with modern communications, geographic distance has
proved no barrier to a good investment relationship. Regardless of location, we
primarily work with our clients via telephone, email, fax, and, of course, regular
mail. We are responsible for approximately $300 million under direct
management.
We also have significant philanthropic commitments as trustees or voluntary
advisors to the endowments of major colleges, national foundations, and other
organizations. This brings us into contact with the leading financial thinkers and
money managers in the country.
What is the nature of George McKelvey Company’s business?
George McKelvey Co., Inc. serves primarily as investment advisor to individuals
and families. We are registered investment advisors with the Securities and
Exchange Commission. We manage money on a fee basis and execute any
transactions on a discounted commission basis. In other words, we receive a flat
fee based on the assets under management, with a nominal transaction cost for
our discretionary clients. Therefore, we have limited economic interest in
commissions on any specific transactions. Personal and customized service is
our hallmark.
What protections exist for my account?
All client securities are held at National Financial Services LLC (NFS), one of the
largest professional custodians in the securities industry. As a registered
broker/dealer, NFS is subject to the rules and regulations of the Securities and
Exchange Commission (SEC), the Financial Industry Regulatory Authority
(FINRA) and others. As part of its responsibilities, every month NFS sends you a
statement that outlines all activity in your account. They send it to you directly,
independent of us (we receive a copy). In short, you have an independent entity
preparing and sending periodic statements of the account and reporting
separately to you on all activity. National Financial Services LLC is also a
member of the Securities Investor Protection Corporation (SIPC).
In accordance with SIPC, securities in accounts carried by NFS are protected up
to $500,000. For claims filed on or after July 22, 2010, the $500,000 total amount
of SIPC protection is inclusive of up to $250,000 for claims for cash. For details,
please see www.sipc.org. In addition, NFS has arranged for coverage above
these limits. Neither coverage protects against a decline in the market value of
the securities and neither coverage extends to certain securities that are
considered ineligible for coverage.
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Founded in 1960
Celebrating our 50th Anniversary
| A REGISTERED INVESTMENT ADVISOR AND SECURITIES BROKER-DEALER |
