Q. Where are all of my assets held?
A. The majority of McGehee Capital Management (MCM) accounts are held at an independent broker. Most of our clients are with the same custodian. This allows for quick and efficient executions.
Q. How are my assets protected?
A. Your assets are held by an independent custodian and can not be withdrawn by MCM, except for deduction of management fees. However, you have access to your money at anytime. Each separate customer brokerage account is covered up to $500,000 by the Securities Investor Protection Corporation. In addition, most brokers offer supplemental asset protection, which can bring the total amount of coverage up to $25,000,000, inclusive of up to $1,000,000 in cash.
A. When your account is established, you provide MCM with limited trading authority. This authority allows us to initiate trades among securities within your account.
Q. Are my assets pooled with other investor funds?
A. No, all investors maintain their assets in individual accounts.
Q. If I have a retirement account, can I have management fees taken from the account? Is this considered a distribution?
A. Most usually have their management fees taken directly from your brokerage retirement account. This payment is not considered a distribution and is not subject to taxes or penalties.
Q. How do I go about getting started?
A. MCM will assist you in establishing an account with the broker including limited trading authority.
Q. Does McGehee Capital Management handle rollover accounts?
A. Yes. We would be happy to help you rollover your retirement account from an old employer.
Q. Can I set up my account to have money sent to me on a regular basis.
A. Of course you can. Whether it's monthly, quarterly, or just periodically you can have money send to you from our account.