Fredric E. Russell Investment Management Co.

Key Facts about Our Firm

Broker and custodian: Charles Schwab & Co., Inc. executes all purchases and sales and holds all client securities.
Minimum account size: $250,000
Area of specialization: United States common stocks, publicly traded companies whose global headquarters are in the United States. We do not invest in companies whose global headquarters are outside of the United States
We hold, at any one time, no more than twenty companies in our portfolio

Relationship between client and firm

Clients sign a limited power of attorney authorizing us to buy and sell securities on their behalf.

Investment Reporting

For every investment activity in your account, you will receive next day confirmation from Charles Schwab & Co., Inc. as well as a monthly statement of holdings. We send performance report at end of calendar year.

Communication

Approximately every two months, Fred puts on his literary battle gear and writes a letter on a company in the portfolio. He tries hard to make these letters witty and informative, sometimes he succeeds.

Our Fee Structure

Equities: 1.00 percent per annum, billed 0.0025 percent every three months.
Fixed Income: 0.50 percent per annum, billed 0.00125 percent every three months.

No Conflicts of Interest: We perform no investment banking services; we perform no brokerage services. We manage money for our employees and officers using the publicly traded companies that comprise the portfolios that we manage for our clients.
Comparison with Hedge Funds: We are not a hedge fund. We do not go short, borrow money to take positions or invest in financial derivatives of any kind.