Tallsalt Asset Management | About

Where is your office located?

We are located in Hermosa Beach, California. Our mailing address and telephone number are:

Tallsalt Asset Management, LLC
P.O. Box 28280
Scottsdale, Arizona 85255
(480)433-9760
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How does Tallsalt differ from a traditional stockbroker?

Tallsalt is a “fee-only” investment advisor, and as an asset management firm we are concerned with the growth of your investment portfolio and the protection of your assets. We work directly for our clients and receive no compensation from any other source than the quarterly asset management fee we collect from each client and the annual performance fee, if applicable. Thus, we buy and sell securities on your behalf when we believe they will benefit the portfolio. A traditional stockbroker working for a broker/dealer or bank is typically a sales person who is compensated by generating commissions from the sale of investment securities and/or investment products.
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What types of securities do you do you include in portfolios?

Tallsalt establishes both long and short positions of equity securities (stocks) in its clients’ portfolios based on extensive in-house research of the company. We only invest in the stock of companies that are traded on North American exchanges, including foreign companies whose securities are listed on North American exchanges. Tallsalt does not establish positions for its clients in bonds, currencies, index futures, commodities or equity-based derivatives (put and call stock options).
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How does Tallsalt’s service fit with my existing investment portfolio allocation?

Tallsalt manages portfolios of equity securities for its clients. As part of a larger portfolio allocation plan, investments in equity securities can provide enhanced returns to achieve your financial goals. Tallsalt’s investment approach can be characterized as a conservative value-oriented philosophy. Please see the web page titled Approach to Investing for more details.
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Can Tallsalt work with my existing investment consultant?

Yes. Tallsalt can work with your investment consultant to provide asset management services for the portion of your portfolio allocated to equities.
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What are the fees for your service?

Our only compensation is derived from each client paying us a quarterly investment management fee and an annual performance fee. These fees are clearly defined in the client investment agreement. Any commissions or transaction fees incurred by the buying/selling of securities are the responsibility of the client and are typically deducted by the brokerage firm. By establishing portfolios at discount brokerages, Tallsalt ensures that commissions or transaction fees are as low as possible.
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Can my investment management fee and performance fee be deducted from my portfolio?

Clients may have their quarterly investment management fee and annual performance fee deducted from their portfolio.
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If I need my assets for other purposes, is there a cancellation or exit fee?

No. Clients may make deposits and withdrawals from their portfolios at your convenience and may close accounts with Tallsalt with seven days notice. If you decide not to retain our investment management services, we will rebate any fees collected on a pro-rated basis.
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Will I be advised as to the current stock market outlook and the performance of my portfolio?

We believe strongly that communication is the key to a long-term, successful relationship with our clients. You will receive a monthly statement from your custodian and a quarterly portfolio review statement from Tallsalt detailing all transactions, securities held, along with performance data for your portfolio. You will meet with a principal of the firm on a periodic basis to discuss the performance of your portfolio and our outlook. Of course, you may contact Tallsalt’s principals at any time if you have questions.
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Can Tallsalt withdraw funds from my account that is under their management?

No. Tallsalt does not hold custody of client funds or securities, nor does Tallsalt have authorization to withdraw funds other than fees that are due under the client investment agreement.
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What protection or safeguards do I have with my portfolio to protect the assets?

Each custodian we work with has insurance to protect your assets in the event your custodian has financial problems or goes out of business. We only work with custodians who are financially sound with the assurance that they are well-positioned within the financial services industry. Furthermore, only you, the client, will have authority to withdraw funds from your investment account; Tallsalt will only be authorized to withdraw fees as they become due and payable.
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