Brokerage Services and Investment Products
A mutual fund is an investment company that pools money from many people and invests it in stocks, bonds, or other securities. Each investor owns shares, which represent a part of these holdings.
When you buy shares, you pay the current net asset value (NAV) (the value of one share in a fund) per share, plus any sales charge (known as a sales load). When you sell your shares, the fund will pay you NAV less any other sales load. As with individual stocks, the share price of mutual funds fluctuates and the value of an investment may be more or less than its original cost.
A stock is an equity security that represents a share of ownership interest in a business. When you hold one or more shares of stock in a company, you actually own a piece of that company. Your percentage of ownership will depend on how many shares you hold in relation to the total number of shares issued by the company. Investors who purchase stock are known as the company’s stockholders or shareholders.
Money Manager Programs
Tevis Investment Management has access to private account management from some of the top institutional money managers in the country. We are able to hire multiple institutional money managers as part of your overall asset allocation strategy.
Non-Commission Fee-Based Accounts
Tevis Investment Management is a Registered Investment Advisory firm. Therefore, we are a fee-only firm and do not charge commissions. Instead, we charge an annual fee bill quarterly for assets under management.
Shares of preferred stock are units of ownership in a corporation. They entitle the holder to dividends and claims that take precedence over those of common stockholders. As opposed to common stockholders, whose dividends are based on the performance of the company, preferred stockholders receive a set dividend, usually each quarter. Unlike common stockholders, preferred stockholders have limited voting rights and generally have almost no say in how the company is run.
Closed-End funds are those whose portfolios are still owned by earlier investors and that are still actively managed as always; but they no longer sell shares at NAV rates to new investors. However, you can buy shares of closed funds on the open market, just like buying stocks.
Unlike regular mutual funds, you cannot simply mail a check and buy fund shares at a calculated NAV price. Instead you must purchase shares in the open market just like a stock. The fund itself will trade in the open market at a discount or premium to NAV.
There are different types of bonds, and several ways to describe bonds. Bonds may be described based upon characteristics specific to the debt instrument itself (e.g., interest-paying characteristics), the issuing organization, length of time to maturity, or credit rating, for example. A single bond will generally fit multiple descriptive classifications. It is possible to construct a diversified bond portfolio by investing in bonds of different types.
Corporate, Treasury, agency, and municipal bonds
Bonds can be classified according to the type of issuing organization. Within the category of corporate bonds are bonds issued by companies, which can vary widely in size, industry, and a host of other criteria. Treasury securities are issued by the U.S. Treasury and include Treasury bonds, notes, bills, and the recent
4300 Marsh Ridge Rd. Suite 112
Carrollton, TX 75010 (972) 971-2169