The financial services industry has changed dramatically over the past 30 years with the proliferation of investment banks and hedge funds, the growth of mutual funds and exchange traded funds (ETFs), and the spread of online brokerage firms. As a result, there is a wider variety of approaches and business models being employed by investment professionals than ever before. This has allowed for a greater ability to meet specific client needs, but has also added to the confusion of industry outsiders. With that in mind, here are the key elements of how Vector conducts business and seeks to add value for our clients:
- Vector is a Registered Investment Advisor (RIA) registered with the Securities Exchange Commission (SEC) and based in Jackson, Mississippi.
- We manage individual client portfolios through the use of individual publically traded equities (stocks) and fixed income (bonds) securities.
- We are compensated solely based on assets under management.
- We utilize a network of professional resources to add breadth and depth to our decision making and security selection process.
- We are not a traditional or investment bank and do not custody client funds. The assets of our clients are held at a third-party custodian of their choosing. We have no affiliations with any other financial institutions.
- We do, however, maintain detailed client portfolio accounting and provide reports on a quarterly basis which include an appraisal, realized gains/losses, income and expenses, and performance.
- We are not an insurance agency and we do not sell or advise clients on the purchase of insurance products, including annuities.
- We are not certified public accountants (CPAs) nor are we estate planners. Though we do attempt to be tax efficient in managing our clients’ accounts and we work diligently to ensure client CPAs have the information required to file their tax returns, we do not prepare tax returns at Vector.
- Vector is not a Trust Company and does not act as trustee over any account, client or otherwise.