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| Account Implementation Process - |
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| Kovack Advisors works with the Advisor to help meet each client's unique investment management needs. Available services include: |
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Assistance with investor portfolio construction |
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Advisement on complex strategies |
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Assistance with transitioning tax-sensitive portfolios |
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Comprehensive and timely reporting |
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| The investment process is based on five primary steps. They are: |
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| Step 1. |
Identify Investors Needs and Objectives – Your advisor will help you complete a comprehensive Investor Profile Questionnaire which is used as a starting point to determine risk tolerance, time horizon and return expectations. This serves as the foundation upon which your customized Investment Policy Statement (IPS) and the ensuing steps will build. |
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Determine Asset Allocation Policy – Asset Allocation choices are constructed and presented for review and evaluation. Your appropriate asset allocation is one of the most critical determinants of the long-term success of your investments. In fact, studies have suggested that as much as 90% of a portfolios long-term performance is determined by its asset allocation policy. |
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Investment Manager and Portfolio Selection – Managers are selected and portfolios created. Selection is completely objective and recommendations are made based solely on each client’s unique needs and objectives. More is involved than just a manager’s returns when constructing your portfolio. Each portfolio is evaluated, but the overall portfolio – how each manager’s style complements the other in creating proper diversification – is the overriding concern. |
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Monitoring and Review – We proactively and continuously monitor each element of the program. We scrutinize every manager in an effort to identify issues that could impact performance. You can be confident that you have access to a broad range of investment strategies and that your portfolio is being monitored and reviewed in a manner that’s comprehensive and ongoing. |
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Reporting – A continuous reporting and evaluation process will help you track your progress. When available, clients are provided monthly account statements via their Custodian. Kovack Advisors, Inc. will provide a comprehensive quarterly performance report. Clients should be fully aware of how they are progressing towards their goals. Online account access is available so that clients can review detailed account information at their convenience. |
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| Kovack Advisors will help the Advisor deliver these services and implement this process to and for each client. |
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| The graph below helps illustrate the Investment Process. |
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