The Bernard Madoff scandal has focused attention on the important area of investment account security.
Like many hedge funds and investment managers, Madoff held client investment funds in house, valued the securities internally and directly issued account statements. The downside to this type of arrangement is that it is difficult for clients to independently monitor their accounts and detect errors.
In our view, account security is much higher when investment managers use a well known broker dealer to hold client funds and issue statements. For example, our client accounts are held primarily at T.D. Ameritrade Institutional, a large publicly traded broker dealer. Clients can log on and view their accounts and statements at any time and call the 800 number to discuss their accounts directly.
If at any time you have questions about your account or encounter a problem logging in, please let us know. Alternately, you can call TD Ameritrade Institutional customer service directly at 800-431-3500.
