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We take pride in our reporting and record keeping. You should have the utmost confidence
in the accuracy, promptness, safety and reliability of your account statements; it is what you are paying us for. Levy, Harkins clients receive directly from the executing broker original confirmations of each transaction within a few days of its completion. At the end of every month, portfolios are reported in entirety detailing costs, market value, relative weighting and a wealth of useful information. Each dividend payment, interest payment, cash disbursement
or other transaction is recorded as it occurs both within our own firm and with the clearing broker,
and reconciled each month and quarter to ensure proper accuracy.
Each quarter we write to you, commenting on some facet of our current investment tactics, and presenting to you in one global and easily understandable number how you are doing for the quarter and the year. And, of course, you are only a phone call away, any day, from knowing the exact value of your account. We have the most sophisticated online equipment the financial world has, and it is at your disposal every working day.
Unless otherwise stipulated, accounts are domiciled at Bear, Stearns Securities Corp., a member of the New York
Stock Exchange. Financial statements for Bear, Stearns Securities Corp. and Levy, Harkins & Co. and Part Two
of Form ADV as filed with the Securities and Exchange Commission are available upon request.
Fees are assessed quarterly at the rate of 3/8 of 1% per quarter of the value of assets under management (1 1/2% per annum). Fees may be paid directly by check, or debited automatically from the account at the client's discretion. All commissions unless otherwise stated are discounted at an average of 35% from the posted rates of Bear, Stearns Securities Corp. |
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