Using extensive trading experiences, premier technology and lower trading costs brokers, our knowledgeable investment advisors manage our clients' investment account effectively. Our first priority is to protect our clients and their assets from unexpected risks. However, in the second place we aim to bring them reasonable profit consistently.
How to apply for Investment planning account?
In order to have our knowledgeable investment advisors manage your account you need to open and fund a margin account in one of our verified brokers under our Investment advisory account. Currently we work with two of the best and well known option brokers: InteractiveBrokers and OptionsXpress .
Clients can be given the ability to electronically view the statements, but not trade. They have fully access to their fund and all deposits and withdraws are done with the clients' permission.
The advisors will do all investment activities on clients' accounts so the clients do not need to know and perform any task in this regards. The advisors' fee are part of profit in clients' account which would be calculated monthly/quarterly.
FAQ:
Who has the ownership of the account and all fund and positions in it?
All clients' account would be in their name and ownership. Fara Financial does not have access to any client's fund. Our investment advisors just have the permission to enter the account and manage the trades. All deposit and transfer into and from the accounts will be done by clients their selves and in their own name.
What is the minimum amount to open an account?
Currently, our minimum requirement to open an account for a client is 20,000US (or equivalent in other currencies such as Canadian Dollar or Euro). This minimum level may change in future so clients may asked to increase their account fund in that regard. You may have any kind of currencies or mix of currencies in your account.
How much is the advisory fee?
The advisory fee is %35 of positive profit gained in each client's account calculated monthly/quarterly.
Is there any time and amount restriction on withdrawing from account?
Clients can withdraw some or all part of their profit monthly. There is restriction on withdrawing the principal fund. Clients may withdraw some part of their principal fund up to the minimum level of each account. Requesting to withdraw all or some part of the principal fund which reduce it below minimum level, would result in account closure. All kind of withdraw can be done with only 30 days notice.
How does a client would pay tax on profit on his/her account?
Each client will receive an annual statement at the end of the year which would show the net capital gain on his/her account. The net capital gain is calculated after reducing all fees including advisor fee and commissions. It is like any other capital gain you may have on your house and car so you would declare it as capital gain on your annual tax form. Contact us to learn more about our investment planning service and apply for that.
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