|
PORTFOLIO ADMINISTRATION
Opening an
investment account requires the deposit of cash and/or marketable
securities in a brokerage firm or other custodian, completion and signing
of the custodian documents, signing the limited trading authorization, and
the signing of the investment management agreement. No investment activity
commences, however, until there is a mutual understanding of investment
objectives.
The
Limited Trading Authorization Agreement enables Earl
M. Foster Associates to buy and sell securities. We do
not act as custodian for any assets in the portfolio.
An
independent accounting system, utilizing the latest in computer technology,
maintains portfolio records and provides the ability to rapidly respond to
administrative questions and reconcile investment activity and performance
with those of the custodian. The Company maintains a compliance function to
ensure that portfolio management is in accordance with all state and
federal securities laws.
|
