 Download More Complete Information |
| Download More Complete Information |
The Select Advisors Conservative and Moderate Strategies are actively managed investment programs offered by Schreiner Capital Management, Inc. (SCM) of Exton, Pennsylvania. Roger Schreiner, one of the pioneers of actively managed investment strategies, has developed a way to combine multiple active management strategies within a single managed account. The result is the Select Advisors program, a “manager of managers” approach that offers investors additional portfolio diversification.
Allocations to the various investment strategies in the portfolios are dynamic rather than static, so they will change over time. SCM has developed a proprietary strategy that evaluates a select group of active money management strategies and selects those that best fit the current market environment, in keeping with the return and drawdown targets established for each strategy. All investments are made in specialized stock and bond index funds offered by the Rydex family of mutual funds, which are specifically designed for short-term trading.
The Select Advisors Conservative Strategy seeks to produce positive returns over periods of five years or more, while holding drawdowns to a minimum. To provide risk management, SCM will combine up to five active management strategies in the Conservative Strategy, with each having little correlation to other strategies in the mix.
The Select Advisors Moderate Strategy seeks to produce positive returns over periods of five years or more, while keeping drawdowns at a moderate level. The Moderate Strategy will usually have fewer active management strategies represented in the portfolio than the Conservative Strategy. Both programs will remain in cash (money market fund) if no investment strategies meet their allocation criteria.
The minimum account size for both the Conservative and Moderate Strategies is $25,000 per account. Rydex Funds serves as the custodian for all accounts and investors have online access to their accounts at all times through the Rydex website. There are no lock-up periods or other liquidity restrictions on these investments so withdrawals and additions can be made at any time.
Past performance is not necessarily indicative of future results. Be sure to read Important Notes below.
|
|
IMPORTANT NOTES: Halbert Wealth Management, Inc. (HWM) and Schreiner Capital Management, Inc. (SCM) are Investment Advisors registered with the SEC and/or their respective states. Information in this report is taken from sources believed reliable but its accuracy cannot be guaranteed. Any opinions stated are intended as general observations, not specific or personal investment advice. Please consult a competent professional and the appropriate disclosure documents before making any investment decisions. Investments mentioned involve risk, and not all investments mentioned herein are appropriate for all investors. HWM receives compensation from SCM in exchange for introducing client accounts. For more information on HWM or SCM, please consult Form ADV Part II, and The Select Advisors Wrap Program Brochure, available at no charge upon request. Officers, employees, and affiliates of HWM may have investments managed by the Advisors discussed herein or others.
As benchmarks for comparison, the Standard & Poor’s 500 Stock Index (which includes dividends), and the NASDAQ Composite Index represent unmanaged, passive buy-and-hold approaches. The volatility and investment characteristics of these benchmarks may differ materially (more or less) from that of the Select Advisors Conservative or Moderate Strategy since they are unmanaged Indexes which cannot be invested in directly. The performance of the S & P 500 Stock Index and the NASDAQ Composite Index is not meant to imply that investors should consider an investment in the Select Advisors Conservative or Moderate Strategy, which are actively managed, as comparable to an investment in the “blue chip” stocks that comprise the S&P 500 Stock Index or the stocks listed on The NASDAQ Stock Market that comprise the NASDAQ Composite Index. Historical performance data represents actual accounts in programs named SCM – Conservative and SCM - Moderate, custodied at Rydex Series Trust, and verified by Theta Investment Research, LLC. These results reflect actual trades in a proprietary account of the Advisor, managed to mimic the Advisor’s trading signals. The results may not reflect the performance of actual client accounts due to contributions and withdrawals from client accounts, tax loss sales, client-imposed investment restrictions and other factors. These performance numbers have not been verified by HWM, and therefore HWM is not responsible for their accuracy. Since all accounts in the programs are managed similarly, the results shown are representative of the majority of participants in the Select Advisors Conservative or Moderate Strategy. The signals are generated by the use of a proprietary model developed by Select Advisors with the objective of participating in stock markets gains while keeping the level of risk moderate. Statistics for “Worst Drawdown” are calculated as of month-end. Drawdowns within a month may have been greater. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Mutual funds carry their own expenses which are outlined in the fund’s prospectus. An account with any Advisor is not a bank account and is not guaranteed by FDIC or any other governmental agency.
When reviewing past performance records, it is important to note that different accounts, even though they are traded pursuant to the same strategy, can have varying results. The reasons for this include: i) the period of time in which the accounts are active; ii) the timing of contributions and withdrawals; iii) the account size; iv) the minimum investment requirements and/or withdrawal restrictions; and v) the rate of brokerage commissions and transaction fees charged to an account. There can be no assurance that an account opened by any person will achieve performance returns similar to those provided herein for accounts traded pursuant to the Select Advisors Conservative or Moderate Strategy.
In addition, you should be aware that (i) in the Select Advisors Strategies, your principal is not guaranteed and there are risks involved; (ii) the Select Advisors Strategies’ performance may be volatile; (iii) an investor could lose all or a substantial amount of his or her investment in the program; (iv) Select Advisors will have trading authority over an investor’s account and the use of a single advisor could mean lack of diversification and consequently higher risk; and (v) the Select Advisors Strategies’ fees and expenses (if any) will reduce an investor’s trading profits, or increase any trading losses.
Returns illustrated are net of the maximum Advisor management fees, custodial fees, underlying mutual fund management fees, and other fund expenses such as 12b-1 fees. Management fees are deducted quarterly, and are not accrued on a month-by-month basis. Returns do not include the effect of annual IRA fees or mutual fund sales charges, if applicable. No adjustment has been made for income tax liability. Consult your tax advisor. “Annualized” returns take into account compounding of earnings over the course of an investment’s actual track record. Dividends and capital gains have been reinvested. Money market funds are not bank accounts, do not carry deposit insurance, and do involve risk of loss. The results shown are for a limited time period and may not be representative of the results that would be achieved over a full market cycle or in different economic and market environments. |
