Below we have provided answers to the most common questions that we encounter from clients and prospective clients. Please feel free to contact us with additional questions.
How can I open an account and what is involved?
VL Capital can help you with initiating the account opening process, which is fully electronic and consists of signing an investment advisory contract and completing a brokerage account application. Please contact us for more information.
What account types can I open?
VL Capital can manage any of the following account types: individual, joint, trust, IRA, and UGMA/UTMA.
Where is my account held?
VL Capital uses Interactive Brokers as the preferred custodian for our client accounts. Interactive Brokers operates the largest electronic trading platform in the U.S. and holds more than $150 billion in client assets as of August 2019. Additionally, Interactive Brokers charges the lowest trading commissions among competing brokerage firms and offers a top-tier trading platform. To learn more about Interactive Brokers, please visit: www.interactivebrokers.com.
Who has access to my account?
All accounts opened by clients of VL Capital are separately managed. This means the account is in the name of the client and only the client can access the funds in their account. By engaging VL Capital in an investment advisory capacity, we only have the ability to buy and sell investments on a client’s behalf.
How can I access my account?
You can access your account online at www.interactivebrokers.com/login. Additionally, Interactive Brokers offers mobile applications for Apple and Android phones.
What are the associated fees?
VL Capital charges a management fee based on the amount of assets a client invests, as well as performance-based fees. Separately, Interactive Brokers charges trading commissions of $0.005 per share of stock traded. To learn more about fees charged by Interactive Brokers, please visit: www.interactivebrokers.com/fees.
Is my account insured?
Customer securities accounts at Interactive Brokers are protected by the Securities Investor Protection Corporation (“SIPC”) for a maximum coverage of $500,000 (with a cash sublimit of $250,000) and under Interactive Brokers’ excess SIPC policy with certain underwriters at Lloyd’s of London for up to an additional $30 million (with a cash sublimit of $900,000) subject to an aggregate limit of $150 million. As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities. To learn more about SIPC coverage, please visit: www.sipc.org.