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DEIGHAN ASSOCIATES, INC. - REGISTERED INVESTMENT ADVISOR
455 HARLOW STREET BANGOR, MAINE 04401 - TELEPHONE 207.990.1117
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Custody & Reports
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We provide the information you need.
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Custody:
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Like most Registered Investment Advisors, Deighan Associates does not serve as custodian
for your portfolio. Unless you have a preference for a particular custodian, we recommend
Charles Schwab's Institutional Services.
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In our experience, Schwab has provided excellent service at a reasonable cost. Schwab
Institutional provides us with up-to-date client information through a daily data
transfer process that allows us to spend less time on operational issues and focus
instead on the portfolio management issues that are most important to you.
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Reports from the Custodian:
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In a discretionary account relationship, most of the client's interface will be with the
investment advisor. However, the relationship with the custodian is technically separate
from that with the investment advisor. Thus, clients must complete an account application
and related forms with the custodian in addition to signing a management contract with the
advisor. The custodian will send monthly statements and other information directly to the
client. This is standard practice and is designed to provide the necessary checks and
balances required by the Securities and Exchange Commission. Please see our
Disclosure Statement for more information about custody,
securities transactions, and commissions.
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Reports from Deighan Associates:
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In addition to monthly statements from the custodian, you will receive quarterly portfolio
reports, and the Deighan Associates Quarterly newsletter. We also send a year-end report
designed to assist you or your accountant with the preparation of income tax returns.
Beyond these standard reports, we are pleased to provide written reports on an interim
basis at your request.
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