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Home > Account
Types > Brokerage Accounts > SAM & SAM II
> SAM Features |
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The SAM and
SAM II platforms include these features:
Minimum Account Size – $25,000
- Investment Choices – There are over 4,600
no-load/load-waived funds*, stocks, bonds, UITs,
conservative option strategies, a no-load, multi-manager
variable annuity and the ability to transfer-in certain
previously purchased investments.
- Advisory Fees – There are no commissions* to buy or sell
assets within SAM or SAM II accounts** the advisory fee is
automatically debited quarterly from your client’s account
and paid to you monthly.
- Performance Reports – Consolidated, comprehensive reports
are sent to you and your clients quarterly; making it easy
to monitor performance.
SAM, SAMII and Manager Select available through Linsco/Private Ledger.
* SAM clients will be charged a nominal transaction charge to
buy or sell securities in their account
** Certain mutual funds available in SAM
and SAM II pay 12b-1 fees. Investment choices in SAM and SAM II platforms are
identical. The following is a list of investments available
within both platforms.
No-load/Load-waived Mutual Funds
SAM and SAM II clients have access to over 4,600
no-load/load-waived mutual funds* from over 325 well-known
fund families. The following represents the variety of
mutual funds available:
- No-Load – Many clients have been purchasing no-load
funds on their own. Through SAM and SAM II, our clients can
access the same funds with the additional benefit of
receiving advice from one of Strategic Financials
professional consultants as to which no-load funds are most
appropriate for meeting their investment goals.
- Load-Waived – Many of the most well-known load fund
families have made their mutual funds available to SAM and
SAM II clients at net asset value (NAV). Through SAM and SAM
II, clients can benefit from investing in multiple fund
families without having to be concerned about sales charge
breakpoints.
- Institutional – Some of the nation’s most highly
regarded institutional mutual fund families boast quality
management and low expenses. Unfortunately, individual
investors are often prohibited from investing in
institutional funds due to their high account minimums
(i.e., $1,000,000). In SAM and SAM II, a number of
institutional fund families have made their funds available
to our individual clients, by waiving the account minimums.
- Special Interest – With over 4,600 mutual funds to
choose from, we should be able to find funds to meet our
clients’ special concerns or interests. For example, funds
with low internal expenses are available for the
cost-sensitive investor and socially responsible funds can
be purchased for clients looking to avoid exposure to
specific industries.
- Tax-Efficient Funds – Tax-efficiency has become a key
focus for many investors with non-qualified accounts. To
help address this need, Strategic Financial and LPL
Research has created a series of model portfolios and
investment strategies to help work toward maximizing our clients’
after-tax returns. In addition, our clients will have access
to a listing of mutual funds that will help to potentially minimize the
tax impact on their portfolios. We will be able to educate
our clients on the benefits and limitations of tax-efficient
investing and assist them in working toward their long-term
investment goals.
* Certain mutual funds available in SAM and SAM II pay 12b-1fees.
SAM, SAMII and Manager Select available through Linsco/Private Ledger.
SAM Investment Choices
Individual Fixed Income Securities
All types of fixed income securities, including treasuries,
CMOs, corporates, municipals and zero coupon bonds can be
purchased in both SAM and SAM II accounts. UITs can be
transferred into the account. Individual fixed income
securities are traded on a non-discretionary basis in SAM
and SAM II.
Advisers Select Annuity 2000 (ASA 2000)
ASA 2000 is a no-load, multi-manager variable annuity
created by American Skandia specifically for fee-based
programs. ASA 2000 offers investors more than 65 fixed and
variable sub-accounts. Our client’s investment in these
sub-accounts is included on the quarterly SAM and SAM II
performance reports.
The initial purchase of the ASA 2000 is non-discretionary
and must be authorized in writing prior to purchase. Annuities
are long-term, tax deferred investment vehicles designed for
retirement purposes.
Investing in variable annuities involves risks, including the possible loss of principal.
Consider the investment objectives, risks, charges and expenses of the investment company carefully before investing.
The prospectus contains this and other information about the investment company.
Please read carefully before investing or sending money.
Previously Purchased Investments
To take advantage of consolidated performance reporting for
SAM and SAM II, previously purchased no-load and certain
load mutual funds, stocks, bonds and UITs may be transferred
into the account. These assets may be incorporated
into the account’s overall asset allocation strategy and
manage them in accordance with our client’s objective. The
original cost basis on these assets can also be transferred
for the purpose of reporting this information on
our clients’ Performance Reports.
Margin
Margin is available in SAM and SAM II accounts. New and
existing clients can take advantage of this feature by
completing the SAM Amendment to Client Agreement – Margin
Approval (F138). As with our accounts, SAM and SAM
II accounts will have margin available for cash withdrawal
needs, overdraft protection on check writing accounts as
well as to increase the buying power in their account. Please
discuss the suitability of margin accounts with your financial
consultant as additional risks are present with margin accounts.
Check writing
Although SAM and SAM II are intended to be long-term
investment programs, some of our clients prefer to write
checks on their accounts. Check writing is available through
Scudder’s Premier Checking Program. Scudder’s Premier Plus
Cash Management Service is now available per SAM and SAM II
accounts.
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Advisory Services, Asset Management and Securities Offered Through LPL Financial, member FINRA/SIPC
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