A method to evaluate investment results to allow for periodic portfolio adjustments in the pursuit of individual financial goals
Whitener Capital does not take delivery of any assets or securities. Proper control and safety of assets is provided and maintained by the use of insured accounts with reputable brokerage companies or by having assets held by a bank or trust company. Regardless of where assets may be held, securities transactions will be directed by Whitener Capital and will receive substantial discounts from regular retail commission schedules.
FINANCIAL INSTITUTIONS serving as custodian or trustee with Whitener Capital as investment advisor:
- Old North State Trust
- Charles Schwab
- Wells Fargo & Company
- Stifel Nicolaus
Each account managed by Whitener Capital receives a Portfolio Appraisal quarterly showing all securities held at both cost and market values with estimated annual income and yield and the percent weighting of each security. Assets are grouped by type and market sectors.
Every account also receives a quarterly Performance Analysis that provides performance data by calendar quarter and year expressed in both dollar amounts and percentage change. It includes periodic performance figures for the account as well as several major indices for comparative purposes.
Our technology allows us to generate a number of other reports that may assist our customers and us in managing their assets.
Our fees are billed on a quarterly basis. They are determined by applying 1/4th of the following annual fee schedule to the average value of the assets held in the account at the end of each fiscal quarter. Fees are negotiable and are billed in arrears. Whitener Capital does not require a minimum account size or a minimum annual fee.
Annual Fee Schedule
|Average Asset Value||Annual Fee|
|$500,001 – $1,000,000||1.0%|
Whitener Capital is a fee only advisor.
We receive no commissions or additional fees for the recommendation or sale of any financial assets, products or services. Our professional advice is driven only by a sincere interest in helping our customers meet their financial goals, not by any possibility of gaining additional compensation.
Either party may cancel our agreements without penalty on 30 days notice.
Agreements may not be assigned by either party.
A sample agreement is available upon request.