 | The federal
Investment Adviser's Act of 1940. This is the principal law
which regulates large financial advisers in the USA. Notably,
rule 204-3 under
the Investment Adviser's Act requires
Part 2 of Form ADV (a disclosure
document) to be distributed to prospective clients and to be offered to
existing clients at least annually thereafter. In addition to meeting
that requirement, Altruist's
Part 2 of Form ADV is available to anybody who asks
at any time—we have nothing to hide. |
| Rule 204-5
under the federal
Investment Adviser's Act of 1940. This rule
requires investment advisers to provide two-page summaries of the nature of
their relationship to prospective and current clients.
Here is Altruist's Form CRS
(a.k.a., Form ADV Part 3). |
| Rule 3a-4
under the federal Investment Company Act of 1940. This rule
provides guidance for how an investment adviser can avoid being regulated as a
mutual fund. Technically, Altruist is generally not subject to this rule (or to
the Investment Company Act of 1940) because
we generally do not exercise discretionary authority to trade an account. However,
Altruist attempts to comply with this rule as though we were subject to it. |
| Rule 206(4)-6
under the federal Investment Adviser's Act of 1940. This rule
requires investment advisers to adopt policies and procedures reasonably
designed to ensure that the adviser votes proxies in the best interests of
clients, to disclose to clients information about those policies and
procedures, and to disclose to clients how they may obtain information on how
the adviser has voted their proxies. Here is Altruist's Proxy Voting Policy. |
| Rule 206(4)-7
under the federal Investment Adviser's Act of 1940. This rule
requires investment advisers to adopt policies and procedures reasonably
designed to prevent violations of applicable federal rules and regulations.
Altruist complies with this requirement. |
| The federal Gramm-Leach-Bliley Act of 1999. The federal
(SEC) rules
implementing the privacy policy disclosures mandated by section 504(a) of the
federal Gramm-Leach-Bliley Act (Pub.L. 106-102) for federal covered Investment
Advisers are found in 17 CFR Part 248
(Regulation S-P). It requires that investment advisory companies
provide statements of their privacy policies to their clients both when they
become clients and on an annual basis.
Here is Altruist's Privacy Policy. |
| The
ERISA Prudent Man Standard of Care. This is the closest there
is to a federal statutory prudent investor rule. It applies to
fiduciaries of qualified retirement plans. Altruist applies its
principals with respect to our
ALTRUIST
Portfolio Management
Service clients. |
We believe the information provided here to be useful and accurate at the time
it is written.
Information contained herein has been obtained from sources believed to be
reliable, but is not guaranteed.
No investor should invest solely on the basis of information listed here.
Before investing, it is important to consult each prospective investment's
prospectus and consider both its risk/return characteristics and its effect on
your overall portfolio.
This information is not intended to be a
substitute for specific individualized tax, legal, or investment planning
advice. Where specific advice is necessary or appropriate, Altruist
recommends consultation with a qualified tax adviser, CPA, financial planner, or
investment adviser. If you would like to discuss the rationale or support
for any particular idea expressed on this web page, feel free to
contact us.
