My Account provides a dashboard for SCM clients to manage your SCM account and corresponding Schwab account.
Schwab Alliance and SCM
SCM is your primary contact of the investment relationship. SCM maintains close contact with the keeper of your holdings. Your holdings are held at Charles Schwab & Co.’s Schwab Institutional division. Schwab Institutional is responsible for administering custodial account activities such as opening new accounts, executing trades, processing additions/distributions and reporting activity including trade confirmations, monthly statements and annual tax reports.
Schwab Institutional has a dedicated administrative team supporting SCM and their clients– Schwab Alliance. Securely logon to their Website to gain access to a variety of financial and cash management tools. Features include account information, trading capabilities, cash management services and Schwab’s retail research and tools. Click here, Schwaballiance.com. As a secondary contact, you can call Schwab Alliance directly at (800) 515-2157.
Schwab is a registered broker-dealer and a major third-party custodial institution. Schwab is not affiliated with Simpson Capital Management. Simpson Capital Management is independently owned and operated. Schwab neither endorses nor recommends Simpson Capital Management. See the disclaimer section below for further information.
Open An Account
Setting up an investment account is a little more involved than buying a loaf of bread, but not much. Since Simpson Capital (SCM) is solely providing advisory services, the set up involves establishing an account with a third party custodian to hold the assets, provide required reporting and facilitate trades, such as Charles Schwab & Co. All that is needed from you is a statement copy from where your existing assets are being held.
It takes a few easy steps, assisted by SCM, to establish a working relationship with Simpson Capital and the custodian. SCM will be the primary contact point throughout the process, which should take a week or two.
Generally, the process consists of putting a signature and current date on a few forms in addition to providing the current copy of your existing portfolio. These forms establish the client relationship with SCM (SCM Investment Advisory Agreement) and separately with the custodian (Account Application). The Account Transfer form gives the custodian authority to gather the assets. Here are the steps:
- Contact SCM and answer a few questions- SCM’s number is (949) 495-7922. SCM will complete the necessary custodian Account Application and SCM Investment Advisory Agreement for you and then mail the completed forms to you for your signature and current date. Accompanying instructions will direct you to the appropriate fields.
- Send signed forms back to SCM with statement- Please review the documents carefully and call with any questions. Once the Account Application and Investment Agreement are signed and dated, send them both back to SCM either by scanned email attachment ([email protected]), or fax (949) 495-5909 or US Postal Service. Please include a copy of your latest statement. SCM will forward the Account Application to the custodian.
- Send Account Transfer form back to SCM- Once the account is setup with the custodian, SCM will complete and send the Account Transfer form for your signature and current date. Then, sign/date it and send it back to SCM either by scanned email attachment ([email protected]), or fax (949) 495-5909 or US Postal Service.
- Relax- Enjoy your new found freedom while SCM takes on the investment management responsibility. The custodian will communicate with you directly via US mail and/or email with monthly account statements and trade confirmations. You can also access your custodian online.
Once up and running, we will have conversations to establish investment guidelines and periodically review the portfolio. SCM will provide quarter a written review, a newsletter, positions list and an invoice.
Feel free to call or email us with any type of question including ones which may not be related directly with your account. It is up to you to find a comfortable level of involvement in the management process.
Charles Schwab & Co. Disclaimer
Schwab is a registered broker-dealer and is not affiliated with Simpson Capital Management or advisors whose name appears on this Website. Simpson Capital Management is independently owned and operated. Schwab neither endorses nor recommends Simpson Capital Management. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Simpson Capital Management under which Schwab provides Simpson Capital Management with services related to your account. Schwab does not review the Simpson Capital Management Website and makes no representation regarding the content of the Website. The information contained in the Website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.
