Accounts managed by Credence Global Bank Invest Managed Portfolios are
offered
through our affiliate broker dealer, Credence Global Bank Invest Securities,
LLC.
Credence Global Bank Invest Securities, LLC, clears and settles trades
through
Apex Clearing, Inc., an unaffiliated clearing company. Both
Credence Global Bank Invest Securities and Apex Clearing are members of
FINRA
and SIPC.
If you have an Credence Global Bank Invest Managed Portfolio account and want
to learn about switching your portfolio or getting a
portfolio with less cash holdings, call us at
1-630-413-3309.
Credence Global Bank offers tax-optimized portfolios, which are typically
suited for people who have investments in non-IRA taxable
accounts, especially those in higher tax brackets. These
portfolios include municipal bonds, an asset class that
offers tax advantages through current income that’s exempt
from federal income taxes and, in some cases, state and
local taxes.
When you’re in our online application, select Taxable as your
account type and check the box for tax-optimizing your
portfolio. If you’re currently an Credence Global Bank Invest Managed
Portfolio customer and want to learn if your existing
portfolio qualifies for the tax-advantaged program, call us
at 1-630-413-3309.
Credence Global Bank Invest Managed Portfolios are constructed using
exchange-traded funds. Exchange-traded funds, or ETFs, are
investments designed to track the performance of an index,
such as the S&P 500. In its simplest form, an ETF
provides many of the characteristics of a mutual fund, but
trades like a stock on an exchange, meaning it can be bought
and sold anytime during trading hours. Due to their
structure, ETFs are low-cost, transparent, and
tax-efficient, providing the ideal investment vehicles for
Credence Global Bank Invest Managed Portfolios.
No. There are no advisory fees, annual charges or rebalancing
fees for our cash-enhanced portfolio, and 30% of your
portfolio is set aside as an interest-earning cash buffer.
All you need is $100 to get started.
If you don’t have a cash-enhanced portfolio, here’s
what you should know about the advisory fee:
Fees are based on the daily total equity balance of the
account
They’re calculated daily, prorated and aggregated for
every calendar day, then billed monthly to your account
The fee is charged within the first 10 days of the month
for the previous month, and all fees will be clearly
noted on your monthly statement
If you want to switch to a portfolio with an interest-earning
cash buffer instead of paying an advisory fee, give us a
call at 1-630-413-3309.
We maintain cash in your account to provide diversification
to your overall asset allocation. Our cash holdings earn a
competitive interest rate that will help your investment
growth and ensure peace of mind in a volatile market.
The cash we set aside earns interest with a high-yield rate
and is meant to balance out potential risk should market
conditions change. We’ll rebalance and add more money to
your other investments as your cash grows, but your
portfolio will always have about 30% cash.
Core
Highly diversified across domestic, international and
fixed-income assets. You can choose the amount of risk you
are comfortable with, from conservative to aggressive.
Income
Ideal if you are currently near or in retirement. This
portfolio type offers higher dividend yields, while
maintaining a more conservative risk profile.
Tax optimized
Great for investors in higher tax brackets. If you make
after-tax contributions to an investment account, this type
of IRA can help maximize your investments.
Socially responsible
Shaped by companies with ethical track records, you’ll only
invest in businesses that actively practice sustainability,
energy efficiency or other environmentally-friendly
initiatives.
Two options are available for each portfolio type:
Cash-enhanced with no advisory fee. 30% of
your portfolio is set aside as an interest-earning cash
buffer.
Lower cash allocation with advisory fee.
There’s a 0.30% annual advisory fee for portfolios with less
cash holdings.
If you want to change your portfolio type or switch to a
portfolio with less cash, give us a call at 1-630-413-3309.
