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Clear Thoughts
Why Clear Asset Management Reports Its Performance After Fees
| As asset managers, Clear provides exact information to our investors based on information that we use to manage our own money. |
We report our investment performance after deducting the maximum fees. What we mean by that is our management fee, and all brokerage and custody charges, are subtracted from our performance numbers before we report them to you or the media. There are no soft (dollar) or any other hidden costs. All fees are reflected in our performance disclosures.
Why do we do this?
The answer is quite simple; we are money managers not journalists.
This differentiator sets us apart from financial web sites, most investment newsletters and everyone else who only writes about stocks. A good percentage of the people reading our trade alerts and weekly reviews can do so at their leisure; simply because as asset management clients we identify and execute all of the trades for them. They still receive their subscriptions; they just do not have to spend their time and energy acting on them.
As money managers we report this way to comply not only with the requirements of securities regulations, we report this way to follow the highest industry standards set by the CFA Institute.
Too many firms advertising their investment prowess write about stocks without precise recommendations. They do not identify what the weighting of these investments should be so investors can truly create and track their own portfolios. At Clear Asset Management we bring clarity to our investment recommendations. We developed our own proprietary investment models and invest our own money using these models disclosing to our clients each step taken in creating our portfolios. Only after we were satisfied (very satisfied I might add) with our live results, did we allow clients to invest with us.
Journalism is a noble profession, one in which we have tremendous respect. Journalism is defined on dictionary.com as; the style of writing characteristic of material in newspapers and magazines, consisting of direct presentation of facts or occurrences with little attempt at analysis or interpretation. Many journalists who author investment newsletters, whether their journalism appears in print, radio or TV, have no money on the line in connection with their recommendations; not their own money, or outside investors.
We live in a different world. We sit on the same side of the table as our clients with our own money at stake. Unlike journalists, we go beyond opinion. We provide laser precise stock recommendations. We include our rationale and supporting data as to why we make trades in our portfolios. We are not writing about hundreds of stocks which may be in the news that week. We write about our holdings which are within very specific investment styles. There is little we take more seriously as my wife will gladly attest. When I come home from work and she observes me performing my day to day household duties, we make eye contact, and both of us smile, since she knows where my mind has drifted off – the markets. She wonderfully provides support, comfort and sustenance as she knows she will find me on the computer (only) after the kids are asleep and well before they are awake.
Many of our asset management clients started out as free trialers or paid subscribers to one or more of our newsletters. After several weeks, or sometimes after subscribing for a few months, they decide they want us to execute our recommendations for them. We welcome both kinds of investors.
In conclusion, please know two things:
- We are serious money managers. Much of o ur research is available in a number of places, including Bloomberg institutionally. We examine the markets real-time, we are long-term focused and see our way past the forest through the trees, past all of the short-term market volatility.
- We are committed to helping you achieve your investment goals.
Have a great weekend.
Andrew Corn
CEO and Founder
acorn@clearam.com
If you would like us to manage your investments, please click here to open an account. |
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