With $20k Investment In Any Of Your Marketocracy Models
When you are ready to invest $20,000 into one of your model portfolios we will provide you a complementary Pro membership so you can continue to develop and hone your investement style. In addition, your investment will generate a GIPS® composite, a real-money track record, that is important to attracting assets to manage from the public.
Ask any money manager what credential is the most important to their career and more will point to their track record than their diploma. If you are applying for a job on Wall Street, nothing speaks more directly about your ability to deliver results than a GIPS composite.
GIPS® stands for Global Investment Performance Standard. The standard exists to provide the public confidence in the integrity of performance claims and the ability to compare results across different firms. In addition, results reported in accordance with the GIPS® standards generally comply with SEC rules for advertising performance.
For accounts less than $250,000, MCM's annual management fee is 1.50%. In addition, FOLIOfn -- the brokerage firm where your account will be domiciled -- charges a brokerage fee of 0.40% with an annual minimum of $200. Of course, if you would like to invest more than $250,000 in your model portfolio, the fees would come down. See Frequently Asked Questions for a table of fee breakpoints.
We use FOLIOfn because their fee structure and the ability to hold fractional shares enables us to match your model's performance very closely. It also enables our clients to make deposits or withdrawals in small amounts.
Example: Say your portfolio has 20 positions in it. If you add $1000 to your account you would need to make 20 trades to keep the account in sync with your model. If you paid $10/trade, your commissions would be $200 or 20% of your transaction. Even if you paid just $1/trade, your commissions would still be 2% of your transaction.
Click here to complete a client agreement and choose an account type. After you submit the client agreement, we will contact you via email to complete the process.