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Bogue Asset Management’s Quarterly Investment Letter      

Financial market history tells us to expect the unexpected; expect to be surprised.  And positive surprises happen too.  Last year was a tragic one, yet global stocks were up over 16%.  In this latest edition of my Quarterly Investment letter I see the current momentum in the market continuing, but it is not without it's risks.  And I'm beginning to see the headwinds of recent portfolio performance turning into a sustained trend.........[See More]


How your advisor is compensated does matter.  Lately there has been a blurring of the lines with the use of the term “Fee-Based” to describe how one is compensated.  I’ll tell you why Fee-Based is not Fee-Only and the difference can be substantial: [See More]





Investment Management Service Safegards

To safeguard your portfolios, Bogue Asset Management LLC operates in the following manner:

- Bogue Asset Management LLC retains Shareholders Service Group (SSG) as their brokerage firm and Pershing LLC, which is a division of Bank of New York Mellon is the custodial firm.  Client’s may also opt to use the brokerage firm of their choosing
- We have non-discretionary authority, which means that the client needs to approve all recommendations before Bogue Asset Management can implement trades
- We conduct transactions on behalf of clients under a Limited Power of Attorney agreement with the custodian involved.  This allows us to transact within the accounts, but we are not allowed to transfer funds outside or between accounts.
- We use open end mutual funds and exchange traded funds due to their transparency and higher regulatory oversight.  We do not believe in investments or investment strategies that have non-transparent investment styles.
- Client accounts at SSG have Securities Investor Protection Corporation (SIPC) coverage up to $500,000 per account. SSG also provides excess account protection for assets held up to an aggregate limit of $1 billion provided by Lloyds of London. Fraud insurance does not protect against market declines; but it does protect against theft of securities and/or related fraudulent transactions.  No insurance protects 100%, but at $1 billion in total coverage, my clients have one of the largest and best plans available.
- Our clients can readily look up the prices of their holdings within financial newspapers and receive periodic statements listing these securities from the independent brokerage firm.