FAQ

METROPOLITAN CAPITAL STRATEGIES, LLC
Managing Investment Risk

Frequently Asked Questions

1. How do I get started?

All new account paperwork can either be found under the 'New Accounts' tab on our website or we can email it to you. MCS can manage assets held at a variety of financial institutions. There may be additional paperwork specific to your custodian. For an updated list of current MCS custodians, please call 571-379-8586 or email info@mcsmgr.com.

2. May I invest directly with MCS?

MCS does not take custody of assets. As a result, you must open an account with a brokerage firm. If you already have a brokerage account, contact your financial advisor and ask him/her if they can use MCS as a money manager for their clients. If you need help finding a brokerage firm, or would like to check if we can use your existing firm, please call 571-379-8586 or send an email to info@mcsmgr.com.

3. What does MCS charge for your investment management services?

Management fees are as follows:
Assets under Management                                                         Annual Fee
Less than $500,000 of Assets……………..………………....2.2% of Assets (.550% quarterly)
At least $500,000 but less than $3 million..………….........2.0% of Assets (.500% quarterly)
At least $3 million but less than $10 million……….….....1.9% of Assets (.475% quarterly)
More than $10 million……………….…………….……..….1.8% of Assets (.450% quarterly)
Client’s related accounts will be combined to generate a lower aggregate management fee. Related accounts may include the separate accounts of spouses, children, and parents, trusts of which any of these persons are the beneficiaries, as well as individual retirement accounts and other retirement plans.

4. Does MCS manage tax efficient portfolios?

MCS does not manage any tax efficient strategies. Most taxes paid by clients will be short term capital gains.

5. What is a wrap fee?

A wrap fee is a "bundled" charge that includes the MCS management fee and all trading/custodial costs. Depending on the custodian, there may be an additional custodial charge. With a wrap fee, the brokerage firm would charge you a flat fee and allow unlimited trading in your account. Wrap fees are very common at full-service brokerage firms. On the other hand, discount brokerage firms often charge a trading fee every time MCS buys or sells something in your account. Contrary to popular belief, many wrap fee charges at large brokerage firms are less than the per-trade fees charged by discount brokerage firms - but there are exceptions. If you'd like to discuss your options in more detail, please contact us at 571-379-8586 or email info@mcsmgr.com.

6. Do I get monthly statements from MCS?

The custodian will send your monthly/quarterly statements and trade confirmations. Furthermore, most brokerage firms have online account access, so you would be able to review your account any time you wish. We offer full transparency to all of our clients.

7. How fast will you invest my assets after I open my account?

The time it takes for MCS to invest your assets depends very much on the market conditions and investment climate at the time of your account inception. Because MCS has a unique investment philosophy and strategy, we will only invest your funds when the market dictates to us that the time is right. It is not uncommon for accounts to hold cash as their major position for some time. Conversely, your account may be fully invested immediately upon inception.

8. Do you work on margin?

MCS does not work on margin.

9. What are the account minimums?

The minimum amount required to open an account for each product is as follows:
Product                                                                            Account Minimum
Tactical Growth                                                                     $250,000
Tactical Moderate                                                                  $100,000

10.  Do you manage IRA (Non-taxable) accounts?

Yes, MCS manages non-taxable assets in the Tactical Moderate strategy. The minimum investment is $100,000.

11. How do I decide which MCS product to use?

MCS offers two investment products. We recommend that you consult with your financial advisor to determine which is suitable. We can provide additional information to help you or your advisor with the investment process. If you do not have an advisor, please contact us at 571-379-8586 or email info@mcsmgr.com.

12. May I trade some of my own ideas in the same account?

We cannot share an account with you.  You will have to trade your own ideas in a separate account.

13. Does MCS have the ability to withdraw assets from my account?

No, MCS does not have the authority to withdraw assets from your account.

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