Frequently Asked Questions
Our minimum is $1,000,000.
Richard. C Young & Co., Ltd. has been helping clients become more comfortable, successful, long-term investors since 1989.
Richard C. Young & Co., Ltd. works with cash and securities we follow. If you own a security we do not follow, it will need to be liquidated or held in an account outside of our management.
When you become a client of Richard C. Young & Co., Ltd., an account will be opened in your name at Fidelity Investments where we have access to a full range of investment products, including mutual funds, individual, domestic, and foreign equities, and fixed-income securities.
Yes, discretionary authority gives us the ability to supervise and direct the investment of your account at our discretion without prior notification to you. This allows us to react to market developments that may impact your portfolio.
All major investment decisions are made by principals of our firm.
We do not receive commissions, and we do not invest in funds with sales loads or 12b-1 fees. We are compensated based on a percentage of assets under management. Our interests are directly aligned with the success of your portfolio.
When you turn the daily burden of portfolio management over to Richard C. Young & Co., Ltd., a relationship manager will be assigned to your portfolio. Our relationship managers will be in contact with you regularly to review your account.
Through Fidelity, we offer a number of cash management services, including bank wires, electronic funds transfer, systematic withdrawal, and automatic investment plans.
You will receive a monthly individual account statement, a year-end summary statement, consolidated 1099 tax forms, and Form 5498 IRA contribution information from Fidelity Investments. In addition, Richard C. Young & Co., Ltd. provides a quarterly Portfolio Holdings Report of your entire portfolio under management.
When we invest in international securities our first preference is to purchase American Depository Receipts (ADRs). Periodically, we run into situations where ADRs are not available for the companies we want to invest in, the liquidity in the U.S. is too light, or the bid-ask spread is cost prohibitive. When this occurs, we look to international exchanges to make our investments.
