SERVICES PROVIDED BY MW&A
• The asset management service described in this website is the only service offered by MW&A. Since managing money is, by its very nature, of such critical importance, MW&A is focused solely on this task and not on selling other services or products.
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MW&A has all client accounts housed at and serviced by TD Ameritrade. This is important as it provides a distinct separation between our management of client funds and the custodian of those same funds.
MW&A has all client accounts housed at and serviced by TD Ameritrade. This is important as it provides a distinct separation between our management of client funds and the custodian of those same funds.•Our clients provide us with full discretion to move the assets in their accounts between the hundreds of ETFs offered on the TD Ameritrade Institutional Services trading platform. In addition, clients with Aggressive Strategy accounts provide us with discretion to buy common stocks for their account. With this extensive list of available securities, we are well supplied with the tools necessary to successfully execute each of the four management styles described here.
Our clients provide us with full discretion to move the assets in their accounts between the hundreds of ETFs offered on the TD Ameritrade Institutional Services trading platform. In addition, clients with Aggressive Strategy accounts provide us with discretion to buy common stocks for their account. With this extensive list of available securities, we are well supplied with the tools necessary to successfully execute each of the four management styles described here. •Clients may choose between four management strategies. These are the Moderately Conservative, the Hybrid, the Moderately Aggressive and the Aggressive. Client accounts are then divided into these four groups. Accounts within each group are managed identically, or as closely thereto, as is reasonably possible. Admittedly, when working with the addition of stocks for the Aggressive Strategy, it is more difficult to manage all of these accounts identically due to various factors, but we still attempt to manage them similarly.
Clients may choose between four management strategies. These are the Moderately Conservative, the Hybrid, the Moderately Aggressive and the Aggressive. Client accounts are then divided into these four groups. Accounts within each group are managed identically, or as closely thereto, as is reasonably possible. Admittedly, when working with the addition of stocks for the Aggressive Strategy, it is more difficult to manage all of these accounts identically due to various factors, but we still attempt to manage them similarly.•Depending on the circumstances presented by the market and the economy, the accounts will usually be invested in approximately 4 to 8 ETFs at any one time. Accounts in the Aggressive Strategy group are invested in approximately 7 to 12 ETFs and common stocks at any one time. Diversification is very important and is, therefore, constantly maintained.
Depending on the circumstances presented by the market and the economy, the accounts will usually be invested in approximately 4 to 8 ETFs at any one time. Accounts in the Aggressive Strategy group are invested in approximately 7 to 12 ETFs and common stocks at any one time. Diversification is very important and is, therefore, constantly maintained. •The services provided by MW&A are fee based. The fees are calculated based on the dollar value of each account under management. The fees for services are not charged in advance. Rather, the fees are charged after the end of the calendar quarter for which services were rendered.
The services provided by MW&A are fee based. The fees are calculated based on the dollar value of each account under management. The fees for services are not charged in advance. Rather, the fees are charged after the end of the calendar quarter for which services were rendered.•The Advisor’s fee for services under our Advisor-Client Agreement equals 1/2 of 1% of the value of the Account on the last day of each calendar quarter or 2% annually. For larger account balances, this fee rate will be reduced according to the fee schedule listed below. This reduced fee rate will then be applied to the entire balance of the Account at the end of each calendar quarter.
The Advisor’s fee for services under our Advisor-Client Agreement equals 1/2 of 1% of the value of the Account on the last day of each calendar quarter or 2% annually. For larger account balances, this fee rate will be reduced according to the fee schedule listed below. This reduced fee rate will then be applied to the entire balance of the Account at the end of each calendar quarter.•The fee on any new investment or on any withdrawal made during a calendar quarter is computed based only on the number of full calendar months that such amount was in the Account during the calendar quarter. No fee is charged for services in the calendar quarter if the Account is fully liquidated or the Client terminates the Advisor’s services during the calendar quarter. The fees are non-negotiable. The fee rate schedule is as follows:
The fee on any new investment or on any withdrawal made during a calendar quarter is computed based only on the number of full calendar months that such amount was in the Account during the calendar quarter. No fee is charged for services in the calendar quarter if the Account is fully liquidated or the Client terminates the Advisor’s services during the calendar quarter. The fees are non-negotiable. The fee rate schedule is as follows:Fee Rate Applicable to Annual Quarterly
Household Assets Fee Rate Fee Rate
$1- $500,000 2.00% .5000%
$ 500,001-$1,000,000 1.83% .4575%
$1,000,001-$1,500,000 1.66% .4150%
$1,500,001-$2,000,000 1.49% .3725%
$2,000,001 and over 1.32% .3300%
•The fees from our clients are the only fees we receive. MW&A refuses to accept and has never received any compensation from any other source.
The fees from our clients are the only fees we receive. MW&A refuses to accept and has never received any compensation from any other source. •MW&A pays TD Ameritrade all fees they charge for housing and servicing our client accounts on the TD Ameritrade Institutional Services trading platform. TD Ameritrade charges two different types of fees. First, they impose a fixed quarterly fee on each account we have housed with them. Secondly, they may charge a transaction fee for certain common stock and ETF trades on each account involved. Again, MW&A absorbs all these fees and they are not passed along to our clients.
MW&A pays TD Ameritrade all fees they charge for housing and servicing our client accounts on the TD Ameritrade Institutional Services trading platform. TD Ameritrade charges two different types of fees. First, they impose a fixed quarterly fee on each account we have housed with them. Secondly, they may charge a transaction fee for certain common stock and ETF trades on each account involved. Again, MW&A absorbs all these fees and they are not passed along to our clients. •MW&A employs both fundamental and technical analysis in arriving at our investment decisions. We believe some of the technical analysis we use is unique and unlikely to be used by other money managers.
MW&A employs both fundamental and technical analysis in arriving at our investment decisions. We believe some of the technical analysis we use is unique and unlikely to be used by other money managers.•TD Ameritrade sends monthly account statements to all clients of MW&A. Account information is also available online. On a quarterly basis, MW&A provides clients with a clear, detailed and transparent summary of the investment performance on each account. In addition, on an as-needed basis, we prepare and issue an informational memo by email (we call it an “Update Memo”). Of course, our office can always answer any questions a client may have.
TD Ameritrade sends monthly account statements to all clients of MW&A. Account information is also available online. On a quarterly basis, MW&A provides clients with a clear, detailed and transparent summary of the investment performance on each account. In addition, on an as-needed basis, we prepare and issue an informational memo by email (we call it an “Update Memo”). Of course, our office can always answer any questions a client may have.•We ask for a minimum opening balance of $50,000 ($100,000 for accounts in the Aggressive Strategy group). Our client accounts range in size from small to very large. We can open either taxable (e.g., Individual, Joint, Uniform Gift to Minor & Trust) or non-taxable accounts for our clients at TD. A non-taxable account would normally be funded with a transfer or rollover from an existing 401k or another IRA (e.g., Traditional, Roth, SEP, Keogh, etc.).
We ask for a minimum opening balance of $50,000 ($100,000 for accounts in the Aggressive Strategy group). Our client accounts range in size from small to very large. We can open either taxable (e.g., Individual, Joint, Uniform Gift to Minor & Trust) or non-taxable accounts for our clients at TD. A non-taxable account would normally be funded with a transfer or rollover from an existing 401k or another IRA (e.g., Traditional, Roth, SEP, Keogh, etc.). 
Registered Investment Advisor
Mike Wolters and Associates
