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Investment Advisory Services offered through Cross State Financial Group LLC - An Investment Advisory Firm registered in CO, NM, TX, MI, SD, FL and AZ.

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Investments

TD Ameritrade Institutional

 

We use TD Ameritrade Institutional's platform for the management of our clients' investments. TD Ameritrade Institutional generates the account statements and 1099 tax forms for all clients. There is also a mobile app available for clients to use for account viewing purposes.

  

Types of Investments & Management Process

   

We are not limited to any one particular type of investment or family of funds. Rather, we have the ability to use a wide range of investments which are ultimately determined by the client's goals, situation, risk tolerance and time frame for investment. Each client has their own personalized investment portfolio.

 

All investment accounts will be operated under a full discretionary basis. This means that the Financial Advisory team may buy and/or sell various investments without first consulting the client. However, the investment allocations in the aggregate should remain consistent with the established investment objectives and risk tolerance agreed upon. These objectives should be reviewed on an annual basis to ensure any organizational changes by the client are implemented in to the investment activities. Clients receive quarterly performance reports from Cross State Financial Group, and on-demand portfolio “snapshots” upon the request. 

  

Costs

   

Cross State Financial Group is a fee-only registered investment advisor (learn more about why fee-only advisors are unique). Management fees are based on a percentage of assets in the accounts and charged on a quarterly basis in arrears. Fees are debited from the cash balances within the accounts. The annual fee schedule is as follows as a percentage of assets managed at TD Ameritrade Institutional:

$0 to $500,000 - 1.25%

$500,000.01 to $999,999.99 - 1.00%

$1,000,000 to $1,499,999.99 - 0.90%

$1,500,000 to $1,999,999.99 - 0.80%

$2,000,000 and above - fees are negotiable 

Example: If a portfolio adds up to $750,000, the entire portfolio is charged at 1.00%

In addition to the management fees charged by Cross State Financial Group, TD Ameritrade charges a transaction fee for certain trades placed in an account. 

  • $6.95 for all individual stock transactions

  • Either $6.95 or $0.00 for exchange traded fund transactions (depending on the fund family)

  • Either $31.00, $24.00 or $0.00 for mutual fund transactions (depending on the fund family)

 

The fee for mutual and exchange traded fund transactions are determined by the relationship between TD Ameritrade Institutional and the funds family and cannot be negotiated by Cross State Financial Group.