Communication with clients is ongoing and frequent. In addition to monthly account statements, clients receive a personalized, comprehensive quarterly performance evaluation. The evaluation reviews asset allocation and highlights current and past account performance in light of stated guidelines; it also supplies relevant benchmarks against which the client may further measure performance. In addition, the quarterly evaluation graphs the account's growth since inception and its risk level.
Investment performance will be reviewed at least annually to determine the continued feasibility of achieving the client's investment objectives, as well as the appropriateness of the Investment Philosophy Statement for achieving those objectives.
As each Private Investment Management (PIM®) program account is individually managed, construction and ongoing management of portfolios may vary from those discussed in this Philosophy Statement.
Past performance is not indicative of future results and there is no assurance that any investment strategy will be successful. Asset allocation does not eliminate the risk of fluctuating prices and uncertain returns.
Investments and investment strategies contained herein are provided for informational purposes only. We would need to review your individual situation before recommending appropriate strategies to you. All investing involved risk, including the possible loss of principal. Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments. Investing in fixed income securities involves certain risks such as market risk if sold prior to maturity and credit risk especially if investing in high yield bonds, which have lower ratings and are subject to greater volatility. All fixed income investments may be worth less than original cost upon redemption or maturity. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can result in the decline of the value of your investment. Income from municipal securities is generally free from federal taxes and state taxes for residents of the issuing state. While the interest income is tax-free, capital gains, if any, will be subject to taxes. Income for some investors may be subject to the federal Alternative Minimum Tax (AMT). Advisory programs are not designed for excessively traded or inactive accounts and are not suitable for all investors. The PIM program is not appropriate for all investors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. The minimum account size for this program is $50,000.